HomeMy WebLinkAbout1850 ~ind shall ~~e~r/orm, ca?i~~l~l tciN~ ii~ul ubldt l~q cucl~ und c~~•r~ tl~r u~;n~~•uu~?ifc. xfipulufio~u, cu~ulifio~u und '
cocc?w~~ts ~l?crcuf, a?~d oj N~is iuorl~u~;c, then Ihu u?nrl~;urc u~ul Nic c•stulr I~rre~h~~ ~•rcuted, .~1~u11 cc~.se, de-
tennine and l~e null arul caid.
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~ the mort~a~or hereby ftuther cocenants uiul urrces to ~xi~ prompfl~ u~hen due d~e Nriricipal a~ul ~
interest und other sun~.s of moneJ J~rouided /or in said nate a?u~ t/iis ?nort~;uge, or eitl?er, to ~wy o11 aiul
sintiular the taxes, wsessr~aenis, leuies, liubililics, abfi~ulio~~s, ui~d en~~u~~?iru~~ces o/ ecery ~wture on suid ~~~oN-
erty; to permet, comn~it or suecr no ~custe, i?nJwirment or dclerioration of suid lu~ul or the i?~iprovements
d~ereon at an~~ timc; to keeN the buildintis no~c or hereu/tcr on saul la~,d /alG~ insurc~l in a sum of not less
ehan Ten Thousand and no/100------------------------------
in a eompany or con~~wnies ac~e~~tuble b t1~e niort~a~;ce, t1~e policy or J~alicies to 1~e )~elcl bi~, and ~wyalile
to, s~itl mortba~;ee, nn~l in the ecent uny sY~u~ of mo~~e~~ becomes ~wyaGle Gt~ virfuc o/ suc)~ i~~.surui~ce tl~e
mortgagee shall I~aue the ri~;l~t to receive and apJ~l
y Nie same to the inde6tedness 1~ereG~ secured, accounting
b N~e mortga~;or for an~ siuplus; to ~wy u1l costs, char~;es, a~ul cxJ~e?ucs, includin~ Iauyer's fees and title
searcl~es, reasonaGly i?uunecl or Jwul liy the ~uort~;a~ee l,ec~~us~e of the /c~ili~re of tl~e mortga~;or to promptly
a11(I fUIII~ COlfi~)It~ lC1~I1 il~e agreeu~ents, s~tip~~latio?~.s, conditia?u and cocenu•~ts o~ s~ul note a~u~ d~is n~artga~e,
or eid~er, to per/orm, comJ~G~ iciN~ arul abule liy c~ch a?id euer~~ N~e agreements, stipubtio~u, c.on~litio?~,s and
covenants set /ort)i in saul note mul ihis neort~;a~;e o~ eiN~e?. In tl~e eoent the ~t~ortbagor fails to ~wy ichen
due nny tax, assessment, insurance preniium or other se~rn of money ~wyable Ly virtue of snid note a~ul Iliis
mortgage. or eitl~er, flie mort~;a~;ee mm/ ~wy the sm~ie, ~ciNrout uaiuinh o~ aeectin~ the option to foreclose
or antJ otlter ri{;lit leereuruler, a~ui all s~rch Jwymerits sl~all Leur interest fron~ date tl~ereof at tl~e l~i~hest lo~c-
ful rate then allo~ced by the lau;s of the State o~ Florula.
~l aru~ sirni o/ money l~erein re./erred to Ge ~iot promj~tG/ )wul ~citl~in thirty ciays nexi after
ilie some ~iecomes de~e, or if eacl~ arul ecenJ tl~e a~;reernents, stiyulatio?u, corulitions arul cooenants o~ said
note ancl ihis mort~;a~;e, or eitl~er, are not /ully performcd, complied icitG nrul abided by, fhen the entire
suna mentioned in saul note, ancl this mortgoge, or the ent~re l~alance un1~aect t?iereon, shal! forthwitl~ or ~
therenfter, at Nie ol~tion o/ the mortbagee, I~ecome anrl I~e due arul ~wyable, an~hing in soicl note or herein
to the contrary notu;ithstancling. Failure by the mo?~~;a~ee to exercise an~ of tl~e rights or options lierein
provirled shall not co?~.sfitute a icaiuer o/ any ri~;hts or optia~.s teru~er saul nofe or tl~is mortgnge accrued or
therea
f
ter accruing. ~
~n ~1~~~`~ the saicl mortga~or )ias liereunto si~;ned n?ul sealed these presents the ~
da~/ and ~ear first aliooe ~critten.
,Ti~ sealed and delioered in tf~e presence of:
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i STATE OF FLORIDA, ) .
~ cou~~rx oF St. Lucie i
I HEREBY CERTIFY that on this day, before me, an
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ofE'icer duly authnrized in the State aforc~aid ancl in the County aforesaid to take acknaw•lecigments, perconaUy appearecl
Ollie Benson Taylor and Florence Taylor, his wife ~
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~ tu nH• k~H~~~n to Ix~ tlK• ~x~r.on S d~~u•riiN•d in and ~~IM~ ~•~~ruh•il flN~ (un•Luin~ in.trumi•nt an~l they xcktx~~~•letlRecl
they
~ Ix•fon• un• tftat ~•~truhKl tl~~• wuui•.
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~ ~i'1'1'\F.titi ~u~~ I~and :mJ utfici:d .~•al in thi• ('uuut~ :md tit:d~~ 1:?.t af~~n.:u~l thi. 15th day of
; May.a. is? 75
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~ 3 0~2~39 P,~1845
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