HomeMy WebLinkAbout1359 and s1~aI1 perfo?m, comple~ icid~ u~ul uliuEe Ly caih oud eucr~ tGc u~;r4~c~~~culs, stipulations, co~u)itlons and
' covenants thereo/, a?ut of this mortkaKe, then this mort~a~;e uiul thc cstute l,creby created, shall ceose, de-
termine and be nuil and vout.
! ' ~ the marebagor hereby further covenants a~u1 a6rees to Jw~ Nromptly wlien dus the Uriricipal and
~nterest aru~ other sums oj mo~~ey ~~ouicfc~i f~r fn said r~te anct t?!ta m~?tgagP, ~r etther; to pay all and
singular the taxes, assessments, leuies, lialiiHties, obligatior~s, and encumLra?ices of eoery nature on sai~l prop-
erty; to permFt, commit or suBer no i~aste. impairn~ent or~cleteric~ration of said !a?ul or the imNrovements
theneon at any time; to keep the huilclings now or herea/ter on said la f [ly t redl0it? a sum of not leas
t~n Eiqhteen Thousand and no/100 Dollars ~1~.~~• ~
, u_:_~ a~ I... 1...1.7 i... wna ~vuinh~R
~n a company or compantes acceNtahie to tiie fll~ll't~;tiE;~B, [i?f: jii)fii~~ Cfs jWiiLii:3 cu uc. : y. i--:r-
to, said mortgugee, and in the event uny sum o~ money Gecames jwt/able by ui~~ue of such insurance the
~ mortgagee shail have the right to receioe an~l apply the same to the inrlebredness l~ereby secured, accounting
to the mortgagor for any surptus; to pay all costs, charges, aul expenses, including lawyer's fees ancl title
searches, reaso~wbly inceirned or paicI by the mortgugee because of the failure of il~e mortgagor io promptly
- and fully comply u~ith the agreements, stipuiations, conditions and couenants of said note arul this mortgoge,
or either, to perfonn, eomply with and abicle by each anc! eoery the agreements, stipulations, condiiio?u and
~ovenonts set forth in satcl note ancI ihis mortgage or eitl~er. In the etient ihe mortgagor fails to }wy when
~ove
due any tax, assessmer~t, insurance premium or other sum o/ money puya6le by o~*ttre of said note anci this
mortgage, or either, the mortgagee may ~ay the same, u~thout u:oiving or affecting fhe option to foreclose
or any other right hereunder, and atl such payments sliai! l~ear interest from date thereof ot the highest iau:-
ful rote then aUou%ed by the laws of the State of Florida
~i any nmi of money herein ref~rred to be not promJ~tly ~id ~~ithin thirty da~s next after
the same heeomes due, or if each and evenJ the ogreements, sti~iuiations, coiulitions and couenants of said
note a?ui this mortgage, or either, are not fully per/onned, complied with anci al~ided by, then the entire
sum mentionecl in said note, and this mortgage, or the entire balance unpaid tl+ereon, shall forthwidi ot
. thereafter, at the option of the mortgagee, become and l~e due anct payal~le, anything in said note or herein
to tlee controry notwiihstaruring. Failure vy the mortgagee io exercise any of the rights or options herein
pronicled shall not constitute a u;aiuer of any rights or optioru under soid note or this mortgage accrued or
thereafter accruireg. .
~n ~~~~s ~~D`~ the said mortgagor has hereunto signed anci sealed these presents the
day and year first abooe ~critten. _
Signed, sealed anci delicered en the resence of: .
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STATE OF F'I.ORIDA, ~ ~
couNnr oF St. Lucie
I HEREBY CERTIFY that on this day, before me, an
o6cer duly autlx~rizecl in the State aforesaid and in the County aforaaid to cake acknowledgments, personallY aPPeared
•
Alvin Sapp and Lorraine A. Sapp, his wife
acknu.vledRed
to me k~x~~vn to I~r tFx~ perv?n di~•riixYl in aad ~v}H+ rxtY•uted tM• fon•~:oinK imtnu~xmt :md they
liefon• ux' ih~t they ~'~~Y•uti•d tlx• xuiK~.
day of
W1T\ESS my ik?ud and o16ci:t1 k•al in dir Cw~~uit~• and Stcde lact .?foresaicl this 6t,1'1
December A. u. 74.
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~ ATE Of FLORSDA 1~~ IAAC•E
?iOTARV PU8lK ST
MY ~Q~~;1~c_~O*1 EXPlRES fE3• 8. ~''n
- fpµpED iHRU GENERAL INSU2kNCE U:lD~w~TF6S
Documentary stamps af f ixed to
~~~~,~.,.~u~~~~ •
original note. • , .
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