HomeMy WebLinkAbout2732 and shnll ~~er/orrn, compG/ icitl~ urul nl,ide 6~j r~u•l~ uud ec~~r~ 11u~ u;;ri~ev~~c~?fs. stiJ,ulu~ra~~s. randitio~u and
covenants tl~ereo/, un~l o~ d?is mo?t~;a~;e, tGen this r~~ort~u;;c u~~d N~e ~stuti~ Ircrcl,i~ crecited, sl~~~Tl cease, de-
termir?e aru! l~e null arul ooid. ~ .
~ the mort~;a~or hereby further couenanls o~ui ngrees to ~xi~ ~~rornpNy w1~en due tlie principal o~ul
tnterest and other sun~.s of mone~ proui~led /or in said rwte a?u! this mnrt~age, or either; to ~~ay all and
singular the iaxes, ass~essn~e?its, leuies, liabilities, obli~u~ioru, and encumbrunces o/ e~:ery ~w~ure on suul prop-
erty; to permit, commit or suBer iio u~ste, i?njwirn~enf or delerioration oj said land or tl~e iuiprovements
ti~ereon nt mi~ time; to keep t)~e buildin~;s no~u or )~ereu/ter on saul lund fully i~~surcd in a s~~rn of not less
than
in a company or companies accep~able to d~e mortga~;ee, the policy or J~olicies to be held b~/, and ~~ayable
to, saict niortgagee, and in the e~,ent un~ s~un o/ mo:~e~/ bcco»~es jw~~aGle b~~ vir~uc of such i~~.surance the
mortgogee shall i~aoe the ri~;ht to receioe and appG~ the same to tl~e indeGte~lness 1?ereby seaired, uccounting
to tl~e mortga~;or for an~ surplus; io Jwy all costs; char~es, a?ul experues, incGtdin~; lau,yer's /ees arul fitle
searches, reasonably incurred or Jwirl bi~ d?e rnbrt~;agee l,ecause o~ the failure of tl~e mortgagor to j~romptly
- and fully comply ~~ith the agreernents, sti~~t~lations, COIUIl~tO?1S at1ll COI~I1a11~S Of saul ~wte aiul N+is mort~age,
, or either, to J~erform, comNl~ uith and abule by each and euenJ N~e a~;reernents, stipulations, co?ulitions u?u!
covenants set forth in said note aiul t)~is mort~,Ja~;e or eieGcr. l~ti the eucnt tl~e mortbagor foils to Jwy ~cl~eri
' due any tax, assessn~ent, irut~rance premium or otl~et, sum o~ mone~ Jwi~oble by vi~tue of said note arut-tliis.
mortgage, or eitlier, Nie mortgagee ma~ jw_y the sa~ie, uytlio~d icaivin~ or n~ecting the oNtion to forec~ise '
or any other right heree~ncler, and a!l such ~wyments ~1~aU, l~enr interest frorn dote thereof at tl~e hi~hest la~~-
ful rate then otbu;ed tiy the lau;s of the State o/ Floieda.
any sum of money herein re%rrerl to 6e not promptly Jwul ~ciN~in thirty da~s next aftcr
the sanie becomes due, or if each unc! eoen~ the agreeme?its, stipulatewks, co~ulitio?u nrul cooenants of saicl
note and this mort~a{;e, or either, are not fuIly performed, complierl uith aru~ a~iided b~. then the entire
surn mentioned in soicl ~wte, anc! tl~is mortgage, or the entire Gala?iee un~wul tlie~eon, shal! fortl~witl~ or
ihereafier, at tlie o~~tion of tlie mortgagee, l~ecome and be di~e a?ul Jwyable, an~thing in said note or herein
to the contran~ not~citl?sta?ulin~. Failure l~y the mort~a~ee io exercise an~~ of the ri~;hts or options herein
prouirled sl~all not coi~.stit~ite a icaiver of an~ rights or optio~u under said note or t1~u mortgage accrued or
thereaf ter accruing.
~n ~~itness ~hereof~ tlze said morigo~;or has hercunto si~;ned and sealed tlrese presents tlie
doy arul year first above ~rritten.
Signed, se and deliuered in the presence of: _
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4 STATE OF FLORIDA, ) -
3 COUNTI' OF ST LUCIE ~
s ~ I IiEREBY CERTIFI' that on this day, l~efon: me, an
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~ officer duly aut}x~rized in the Stute aforesaid ancl in the County aforesaid to take ackno~~•ledgments, perwnally appeamd
~ Seabron B. Johnson, Jr. and Carol A. Johnson, his wife _
~ to nN~ k~n~~~u to 1H• tlx• ~x•rvm S~1~~•rilx•d in :?n~) ~~IH~ i•~iYVt~vl ihi• fur~•~uinu in.lrunn•nt :u~d they ack~x~~~•ledKt~c1
~ Ix~fnn• mi• ih:~t they ~•~i•cnfrd tln• .:uu~•. ,
s~.,_ ' of
~\'1"1~\F.titi ~n}~ han~l :u~d ~~Ilici:d ~e•:d iu th~• ('~niuh and tit:di• I:~.t :d~~n•.:ud thi. 2~SC
~ February 21 .a. n. ts? 75 . ~ -
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Q 1 NOTARY PURUC c~~!F ~fs r10~{~A ~RO~•'~•;~,;"`.
- ~t . tG`++ f~~'' MY COMiAle~er.?1 exo~of5 ~Ptt. i
~ f !LE,C.i~i.J~+M~~$ t ~ EONDEDTHRU!=~NLPA:INSURANCE
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