HomeMy WebLinkAbout1625 anct sl~all per/or?n. comply icitl~ arul aLide 6~ each und cucry N~e u~rcci?~cnis, stipuiations, conditio~~s and
covenants tliereof, ancl o/ this nwrt~;a~;e, then this mort~a~;e u,ul tl~e estate l~eref~y cre~ted, s)~all cease, de-
termine and be na11 arul vo&1.
~ the morfbagor hereby further couenants a~ul agrees to poy pranptly when due the prlncipal and
interest and other sun~.s of mor~e~ prouirlecl ~or in sai~t note arul tl~~,s mortgage, or eitlier; to ~w,y all arul
singulur the taxes, assessrnents, leoies, liabilities, obligations. mid encamLrunces of euery ~wture on saicl prop-
; erty; to ~ermit, commit or sueer no u;aste. impairn~ent or deterioration of soicl land or the improuements
; iher~eon at an~ time; to keep the builrlings now or hereo/ter on said land /ully iruured in a sum of not less
than
in a company or com~wnies occeptable to N~e mortba~;ee, the polecy or policies to Ge held by, aru~ pa~able
to. said mortga~ee, and fn the eoent any sum of money becomes ~wr~aLle Gy uirtue oj sucl~ i~uarance the
mortgagee shull. have the right to receive an~l opply N~e same to die i?idebted~?ess hereby secured, uccounting
to the mortgabor for any sur~lus; to pay oll costs, charges, a~ul expenses, encluding lawyer's fees arul title
searches, reaso?wbly incurre~l or paid by the mort~agee Gecause of tire failure of the mortgagor to prom~tly
` and fully comply u:ith the agreements, stipulatio?u, corulitions mul coue~wnts of sai~l note and this mortgoge,
~r either; to perfonn, comply uith mul aGide l~y each and eoery the ogreements, stipulations, conclitions and
couenants set fortl~ in said note onci this mortguge or eid~er. In the eoent tlie mortgagor fails to pay uhen
due nny tux, assessment, insurance premium or other sum of moncy paya~le Ly virtue of said note and this
mortgage, or either, ihe mortgagce may pay the same, without tcaiuin~ or a~ectin~ the option to foreclose
or any oN~er right hereunder, arul all such ~ayments si~all Gear interest from date thereof at t1~e hi~hest lau:-
ful rate ihen allowed by the lau;s of Nie State of Florecla.
any sum of money herein referre~l to be not jnomptly paict icithin ~irty ~~s
the same l~ecomes due, or if each arut eoery the agreements, stipulations, coiulitions a?ul cocenants of saut
note anrl this mortgage, or either, are not fully performed, complied icith and nbi~led by, t/ien the entire
sum mentionecl in said note, o?ul this mortgage, or the entire ~ialanee unlwicl thereon, shull forthwitli or
thereafter, at the option of tlie mortgagee, become and Ge due o~ut pay~ile, anything in said note or Ieerein
to the contmry noticithsta?uling. Failure by the mortgagee .o exercise an~ oj tl~e rigl~ts or options herein
provided shall not constitute a icaiuer of any ri~)~is or oJ~tions under said note or tl~is mortgoge aecn~ed or
tliereufter accruing.
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~ the said mortga~;or l~c° liereunto si~;ned aru~ sealed these presents the
day and year first above ~critten.
Signed, sealed and deli~ered in the ~~resence of:
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STATE OF FLORIDA, ~
~ COUh"CY OF St. Lucie
~ I HEREBY CERTIFY that on this day, before roe, an
~ o@'icer duly autl~rizecl in the State aforesaid and in the County aforesaid to take ack~ww•leclgments, personally appeared
~ Robert G. and Ruth M. Perdew
tu nw k~N~an to 1N• the• ~x~rw~n S di~x•rilx•d in :~n~l ~clw i•~eti•uti•d t!N• fun•~oine instrunx•nt aod ~ey :~ckno~~•letlKt~c1
ix~forc nx• tl?:~t they ~~~~rutitil tix~ .:uu~•.
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~l't"I~~Etiti my h:uul and ui(ici:d u~:d in lhi• ('a~unly and tiLd~• la~t :?furc~aucl ihis 13~ day of
~ ~y A. D. t9 75-
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~ NOTARY Wd(IC STATE OF F`Cl~O/?AT i~R(iE
iL'J~ JEQ MY COMMISSION EXPIRES APR~` TS.: 1~7'7 -
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