HomeMy WebLinkAbout1225 and shall perform, compiy icith a~ul ahide by each an~! euery tl~e ukreements, stipulations, conditions and
covenants thereo/. a?ul of tfiis~tmrtgaKe, then this mort~;age a~ut the esiqtc hereby cr~ut~d, sl~aJl cea~, dz-
termine and be nuR and ooid. ~
~ ihe mortgagor hereby further couenants arul agrees to poy NromNtly when due the princi{x+l and
~nterest and othe? sums of money proui~ted for in said note and il~is mortgage, or either; to pay all and
stnguWr the taxes, assessments. levies, lta6ilities, obligatioru. arut encumbrances of enery noture on said prop-
ert~; to Nermlt, eommit o? su,~er no +caste. impatnnent or deterioration of said lnrul or tlie improve»~ents
thereon at any time; to keep the buitclings now or herea~ter on saicl land fully insured in a sum of not le~s
ihan
{n a oompany or companfes occeptul~Te to the mortgo~ee, ihe policy or policies to he held by, and ~ayable
to, said mortgagee, and in the eveni any sum o/~money Lecomes jwyable by vireue of sucli insuranc6 the ,
mortgagee shall have the right to receioe ancl up~1y tl~e same to the inde6tedness hereby secured, accounting
to the mortgagor for ony surpius; to pay ol! costs, charges, arui expenses, includeng lawyers fees und Htle
searches, reasonaGly incurned or.paid Gy the mortgagee becauus+ee of the failure of the mortgagor to prompely
ar~d fully~ comply wyfh ihe agreements, stipulations, corulitions and cove?wnts of said noie and ihis mortgage,
or ~ither, to per/orm, eompiy w~ith and abide Gy each arut euer~ the agreements, stipulations, conditions and
covenunts set forth in saJd rate and ihis mortgage or either. ln the event ihe mortgagor fails to pay when
due any tax, assessment, insura?u~e premium or other sum of money payoble by oirtue of said note a?ul this
mo?tgage, or either, the mortgagee may pay ihe same, tvitl~out t~Ytiuing Or a$eCting t1~6 OptiOn tp fOrecjOSB ~
or any other right hereunder, anci al! such payme?ats shaU l~ear interest from date thereof ot the higi~est law-
fui rate then ollou~ed by the laws of the State of Florida.
~ Qny sum_ of nioney herein referred io be not pro»iptly paict withen thirty ~ next ofter
the same beeomes due, or if each and every the agreements, stipubtions, conditions and covenants of said
note arul ihu mortgage, or either, are not fuUy performed, compt'~d with and ol~icted by, then the entire
sum mentioned in snid note, and this mortgage, or the entire balance unpaicl thereon, shaU forthwith or
thereafter, at the option of ihe mortgagee, Isecome and be due arul ~able, anything !n saici note or herein
to the contrary notw-ithstaruling. Failure vy the mort~agee to exercise any of the rights or options herein
pronided shaU not eorutitute a uaiver of any r~ghts or options under said note or this mortgage accrued ot
thereafter accruing. .
~n ~itness ~hereof~ the said mortgagv* has hereunto signed und sealed these presents the
: daij and yeat first abo~e icritten.
Sigr+ed, led and delivered ' the ~resenee of:
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STATE OF FLO~tIDA, _ _ ~ '
COUNTY oFSt.~ Lucie
I NEREBY CERTIFY that on this day, before me, an
o6cer duly authorized in the State aforesaid ancl in the County aforesaid to take acknowledgnoents. personallY aPP~~
Olav and Frances Olsen
to me ktx~~~n to ix~ t}x~ pcr~?~ <!i~•rilxvl in :?nd ~~ho r~ec•uti•d tlx• fc~n•}~uinK i~Ldrnnx~nt a~xl they ~~'kADW~it~
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hefom IOP tllil~ t~]e'~~U~tYI ~~ll' ~:UIM. ~'~iji`s.i=~:
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~VIT\ESS ~ny hand and offic•i:d .x•:d in thr Gmnh~ and Statc I:~st :Jon•said this 29 th :}``"7 ,.Yt'~ .j4h~
November ~~.•'-°-~c,
A. D. ts74 - _ - ;a;~
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N ' . .~U~O MY COMlAtet!nN EX~lRFS APR. "•)S. ' `Y
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