HomeMy WebLinkAbout0166 ancl shall pcrforn~, compl~~ uitl~ un~! uLide Lq cucl~ ~m~/ ~~~;c•r~~ N~c~ u~;re~c»~rnts, s~tipulutio?u, rondifioru and
cove~wnts thereoj, and o/ N~is marf~;u~;e, ~l~en ti~is mart~u;;c u?~d lhe estu~e l~crehy creuted, s1~~N cease, cle-
iermine ancl !,e nalt a~ul uoid. '
~ the mort~ahor hereby furtiier covenants arul n~;rees to ~wy promptl~ ~i~1~en Jue t1~e pri?ici~al ancl
interest arul other sums of monc~ prouided /or i?t said note. a?ut d~is n~ort~;a~e, ar eitl~er; to J~at~ all arul
singular the taxes, assess?nents, leuies, liabilities, oblitiatior~.s, and encun~brunces oj ecery i~ture on sau! prop-
erty; to pennit, commit or sueer no ~caste. rm~wirment or deferiaration o/ suid land or ihe emprovea~ents
thereon at any time; to kcep the buil~lin~;s no~u or lierea/ter on saecl lmid /uUi~ i~wured in a strm of not less
t)~an ' .
in a comJwny or comJxinies acceptuble to t),e mort~;a~;ee, tlie policy ar J~olicics to be l~eld by, and payable
io, saici n~ortgo~ee, and in tJ~e ecent any s~un o/ money becume.r ~xttfuble by vertue o/ suclr iiuurunce the
mortgagee shall l~QUe the ri~;ht to receiue und appltj tlie same to the indeLtedness l~ereby secured, accounting
to the mortgagor for any st~rplus; io ~wy alt costs, char~es, a~u! expenses, includin~ Iaecyer's Jees arul iitle
searches, reasonably incuned nr J~uid 1~y the mort~;agee beca~ue o/ d~e faile~re of tHe mortgagor to promptly
urul fulty comp6/ u~ith the a~reements, stipulations, conc/it~oru and coue»mits of said note arul t1~is mortgage,
or either; to perfonn, comj~l~ with arul abide G~~ eacle and eoer~/ tlie u~;reements, strpulatiuru, conditions and
cooenants set forth in saul note arul this mortga~e or either. ]n the e~ent tl~e mortaagor fails to jw~ ichen
due an~ tax, assessment, ir~.suronce premium or other suin of money jwqal,le Gy virtue of said note arul N~is
mortgoge, or ert)~er, the mort~;a~;ee may ~wy the same, wrthout uaivin~ or a~ecting the option to foreclose
or any oN~er ri~ht here:~nder, orul al! st~ch Jwymerits shal! bear interest froni date thereof at tl~e hi~?rest laic-
ful rate iifen alloued by the lau;s of il+e State o/ Florula.
~L any sum of money herein re~erred to be not promptly ~wirl icithin thirty days nexi after }
the same becomes due, or ~f eaclt and euenJ the agrecments, stij~ulotions, corutitions and coveturnts o~ saul ~
note arul this mort;;a~e, or either, are not full~ perfor~ned, complied witl~ and abiclecl by, ihen die entire :
sum mentio?ied in said rwte, arul this neortgage, or the entire balance un~wuf thereon, sl~all _forth~cith or `
thereafter, at t1~e option o~ the mortga{;ee, Lecome and be due arul ~wyalile, anything in said note or herein
to the contran~ rwt~citltstantlinti. Failure GtJ the mort~u~ee to exercise an~~ of tl~e rights or options herein
~rovuled shatl not constitute a~caiuer oJ any ri~;lits or o~~tions e~ruler sair! note or tl~is niortgage accrued or
thereafter veeruing.
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~ tl~e said mori~atior lias hereunto si{;ned anrl sealed these presents ilie
day aul year ~irst aliove u•ritten.
4 Signed, ~~`~°,,~'~nd and delioered in ilie J~resence of: ~
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STATE OF FLORIDA, _ ~
CouNTI' oF St. Lucie
I HEREBY CERTIFI' that on this da}•, l~efore me, an
' officer duly authoriud in thr Stute afores;ud and in the C.ounty aforesai~l to take acknowledgments, peruinally appcared
f
! James Wilbur Law and Ann R. Law, his wife
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! to nn• knu~~ n tu Iw• tFx• ~~e•rum S il~•scrilx•d in :~n~l h~~ ~•~~Y~iit~•~l dN• fur~~s;uiu~ iu.trwn~~nt :?rnt theY ackrxi~~•1t~dKir1 •
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; Ixdorc un~ th:~t they ~~~~~cnt~•~I t6~• .aui~•.
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! ~1'1'1~\I~.Sti ~n} li:~nd auil ul(ici:d .~:~I in lhi~ Cunuh .~nil St:d~• la~t afun•.ti~l thi~ 3~.St :•,t,.. day of
E March .a. i~. ts~ 75 .
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