HomeMy WebLinkAbout1880 and shall }~er/orm. compiy ufth ancl aLkl~ ~iy cac)i und eucr~ thc u~;rcc»~cnts, slipulations, rontlitions and
covenants thereo/, and o/ this mortgo~;e, tl~en this mort~a~;e mu! 1he estate hereGy creoted, shall cease, de-
termine and be null ancl ootd.
~ t1~e mort~a~;or hereby further cooenants a~K! agrees to ~wy promptly when due the Urincipol and
interest and other sums of money ~nouuled for in said note anc! ~his mort~age, or eit)+er; to pa~ all arul
singular the ioxes, assessments, leuies, liabilities, obligations, and encumbrances oj euery nature on said prop-
erty; to permit, commit or su8er no u;aste, finpairment or de~erioration of suid land or tl~e improvements
tl~ereon ut ony time; to keep the butldings now ar hereofter on sajcl la~ul fully insured in a sum of not less
than Twenty Seven Thousand and no/100-----------------------
tn a compnny or companies acceptable to the mortgagee, the rolicy or ~oltcies to ve held ~iy, and payable
to, saic! mortgagee, arul in the euent any sum of money Gecomes pa~able by virtue of sucl~ i~~,surance ihe
mortgagee shal~ have the right to receiue and apply the same to the indeGtedness l~ere~iy secured, accounting
to the mortgagor for unr~ surplus; to pay al! cosis, charges, a?u! ex~enses, including lawyers fees arul titie
searches, reaso?w1~ly incurred or paid by the mortgagee because of the fnilure of the mortgagor to prom~tiy
and fuUy comply with ihe agreements, stipulations, co?uletions and coveiw~us of said note and d~is mortguge,
or either; to perform, comply with and aJiule Gy each and every the ngreements, stipulaiions, conditions and
cooenants set forth in saici note ~rul this mortgoge or either. In t?~e euent the mortgagor fails io pay when
clue any taz, assessment, insuronce Jnemium or otlier sum of money payaGle by virtue of said note and this
mortgage, or either, the mortbagee may pay the same, without waiuing or a~eeting the option tv foreclose
or any other right Iiereuncter, anct ol! such payments sliall bear interest fro?n da~e thereof nt tlie highest iaic-
ful rate then albu:ed by tbe lauu of ihe State of Fiorida
any sum of money herein referred to be not promptly poid within thirty dQ~
the same becomes deie, or if each and every the agreements, stipulations, conctitions and cooenants of satd
note aruI this mortgage> or either, c=e not fully per/ormed, complied icith ond abicled by, then the entire
sum mentioned in said note, und ihis mortgage, or ihe entire Galance un~wid thereon, shaU forthurith or
thereafter, at il~e option o/ the mortgagee, ~iecome and be due and }~ayaGle. nn~hing in said note or herein
to the contrary noticithstanding. Failure by the mortgagee to exercise any of the rights or options herein
prouicled sl~all not constitute a u;aiver of any riglets or oytions uruler saic! »ote or ihu mortgage accrued or
thereafter accruing. .
~n ~~~f
~ the said mortga~;or has hereunto signed a?ul sealed these presents the
day aul year st aliove ~critten.
~g - an lioered in e presence of:
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~ SfATE OF FLORIDA,
~ COUNTY OF St . Luc ie ~
a
~ I HEREBY CERTIFY that on this day, ore me, an
o~cer didy authorizc~l in the State aforesaid ancl in the County afomsaid to take ackno~~d~~lgments, personallY aPP~~
Chester F. Macy and Le?ia B. Macy, his wife
tn nx~ k~M~~~n t~? lx~ ihi• pe•rw~n Sd~~u•rilx•d in and ~~hu ~•ccruh•~l dx• fon•~:uinK instn~mm~t aud they ackno~~•ledQcc)
liefon• ux~ th:?t they i,`i.~•~~tari thi~ .:?u?t•-
~ ~YIT\F.tiS m~~ h:md awd ul(ici:d u•:d in d~i• C'.~wnt?~ and tihdr la~t a(ure~aid thi> 17t~1 day of
~ January u. 75
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