HomeMy WebLinkAbout1204 nnd shall per(o~m, c~mply wilh and a6ide 6y encl~ and e~~ery the agreemenl~, sttpulattoni, condtltons nnd
conenanls IhpreoJ, and o( this mo~tf~~~e. 1{~en lhts mortgaae and tl~e'e'state I~eK6y creotsd, shall cease, de-
le?mine a??~ ~ null an~I ~wf~.
~ fhe mortpa~or hern6y ~wlti~ covenanls and agrees fo pay promptly wkQn due !he principal and
inter~rsl and othc~ sums of money provided fo~ tn satd nots and this mortgage, or elther: to po~? al! and
s(ngu~ar ftie ~AYPS, assPSSmenfs, ~euies, ~1a6i~ilFea, o6llgaiions, and oncum6rances o( every nature on sald pro-
perfy; fo per+nil, commif or suj(er no u~asle, impairmenf or detertoration oj aaic~ ~and w fhe improvementa
~hPrecn at any limp: lo ~eep Ihe 6uildin~s nom or herpa~ler o~ said land /ully tnsurecl ~n a sum oJ not leu
than N I L
In a company or rnmpanies a~nto6l~ ro the nto~tgagee, the policy o~ policiea to 6e held 6y, and paya6le
fo, said mortpagee. an~ in f{~e euent any sum o' moneq becomes ~ya6l~ 6y vlrtue o~ such insurance l~e
morfgagee sl~all ti~•~P Ihe ~ight to receive and apply the same to the inde6tedness here6y secured, aceounftng
to t~e morfga~o~ lor any su~p~iu; to pay a~~ rnsts, ctinrges, and expenses, tnc~uding ~awyer s(ees and .ttt~e '
aearches, reasonab~y incurrecl or paid 6y !he mo?tgagee ~ecause oj fhe fai~ure o~ f~e mortgugor to prompt~y
one~ ~ully rnmply will~ !he agreements, sttpu~alto~a, conclifiona aru~ eo~enanfs of said note and lT~b mortguge.
or eit~er: !o per~orm, comply with and abtde 6y eacl~ and e~ery !he agreemenfs. alipu~atio~s, condifions and
covenn~ls set Jorth in said note nnd tki.t mortgage o~ eilher. In the enent ihe morfgago~ jnila to puy when
due any tax, assessmenf, insumnce premium or ottier sum o~ money pnya6le 6y virfue o( said note and lkis
mortgage, o~ eifl~er, 1{~e morfgagee may pay the same, without wai~ing or a~Jecfing fhe option fo ~orec~ose
or any ofher right {~ereunder, nnd a!I auch payments ahall 6aar Interett /?om date Il~erroj at tl~e I~ighest Inw-
f ul rate then allowed by the laws oF tl~e State o/ Florida.
l` any sum u( money /~erein re(errec~ 1'0 ~ie not prompf~y paic~ u~ifhin thirty (30yoys next aJle~
the same 6ecomes clue, or i( each and euery t6e agreements, slipulations. conditions and covenants o~ said
note ancl this morlgage, or eitl~er, are not ju~~y per(armed, eomp~ie~I wilh and ab~d~d 6y, then tlte entire
sum mentioned in said note, and i{~is mortgage, or t1~e entire 6alance unpaid ther+eon, s1~n11 fort6with =o?
thereaJter, at the oplion o~ the mortgagee. 6eeome and 6e due and payable, anytl~ing in said note or kerein
fo the cont?ary notu~ilF~stanaing. Fnilu~e 6y ~I~e morfgagee to exencise any oj the righia or opttons herein
pronic~ecl s~al~ nof constitufe a u~ait~er ol any rig~ts or options under saicr nofe or. f~is morfgnge accruec~ or
t~ereajier accruing.
~n ~itness ~hereof~ tf~e said mortgagor has I~ereunlo signed and sealecl these presents tF~e
~av an~ year (irst ntiove u~ritfen.
' n , sea d ivered in !he presence o/:
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~ STATE OF FLORIDA. ~
~ CoL':vT~t c~F ST . LUCIE
I HEREBY CERTIFY that on this day, beforc me, aa
officer duly authori:ed in the Sut~ atorrsaid and in the County afonsaid to takc acknowkd6ments, peno~ally appeared
NARREN COWELL d/b/a Port St. Lucie Builders
~ to me known to b~ the penon described in and who executed the forcgoing instrument and Wh~ acknowkdRed
beforc me that he executed the samt.
~ N17'NESS my hand and of(icial seal in thc County and Statc last aforesaid this 2~th dar o(
~ September A. D. l97~?
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Notary Public
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f ti t; tqTM1f PUBLIC STATE OF Fl.ORIW1 AT UIRGE
~ ; , ~ M1f ('ANYiSS10N D(PIRES IIAitCFI 31. 1978.
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~ ' ' • ~ f7:`.' filEi ~hr. ~c~J~OED
~ . ,•I . ST.IUC~E ~:~7~JN:1' FIA. ~
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~ I~rc's'I~ulnnnn~t pirpa~r~! by: ~1 I3 2 4a PM ~ ~5
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Ad~,rxs 6QOIl ~5 PAGE
2990'71
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