HomeMy WebLinkAbout2341 and shall pe?form, comply wilh and a6icle 6y ench and eue?y tl?e apreemenls, stipulattons, condiliona ancl
c~ovenonfs tf~ereo~, and o( thli mortgafle, Ihen Ihis moHgnge and the estnle hereby created, sholl cense, de-
termine and 6e null and void.
~ the mo~tgagor he?e6y ~iuther covenants nnd a9?ees to pay promplly when clue ti~e principal and
interest nnd other aums o~ money prouided ~or in said note nnd tkis mortgage, or eifl?er: fo pay n~~ and
singu~ar fhe taxes. assessments. ~evies, ~in61~ifies, ob~igattona, and encumbmncea o` every nature ~n saic~ pro-
perly: to permit, commif or su~~er no wasfe, impairme~t or c~eteriomtion o~ saic~ ~and or fhe improvementa
thereon at nny ftme: fo keep tl~e 6uildings now or ?~erea/ter on snid [and /ully insure~I in a siim oj not less
than Ten Thousand and no/100-------------------------
in a compnny o~ rnmpanies accepta6le fo the mor~gagee, ttie Pol«y o~ policies to be f~pld 6y, and paya6le
to, said mortgagee, and ~n the event any sum oj money becomes payable by i~irlue o/ such insurance tke
mortgagee s~a~~ have t~e rigtit to receive nnc~ apply tf~e same to the ind~btedness ?z~~eby secured, acrounting
to t{~e martgagor jo~ any s[up~us; to pay a~~ costs, c~arges, and expenses, inc~uaing ~au~yer s f
ees nnd tit~e
searches, neasona6ly incurrecl or paid by !he mo~tgagee tiecause o~ the Jui~ure p' I~1P. moriflagor to prompf~y
and ~u~~y comply with !he agreemenls, sfipu~afions, conc~ifions ane~ covenanls o~ said note anc~ ttiis mortgage.
or eit~er: fo perlorm, c~omply wit?~ and a6ide by each and euery the agreemenfs, slQpu~ations, conc~itiorts and
couennnls set /orth in said note a~d eh~ mortga~e or eill~er. ln I?~e event the mortgagor /ails to pny wl~en
due nny tnx, assessmenf, insurance premium or other sum o/ money paya6le 6y virtue o/ said note and Ihis
~ nto?tgage, or either, ttie mortgagee may pay the same, wiftiouf waii~ing or af~ecling fhe optio~ to ~orec~ose
or any other rig{~t hereunder, and alI such paymenfs shall 6ear interest /rom date thereo/ a! 11~e highest lnw-
(uI rale then ollou+ed 6y t?~e laws o) the State oJ Florida.
1l any sum o,I money herein re%ned to 6e no! pro:nptly paid within thirty r]ays next n~ter
tf~e same 6ecomes due, or ij eacl~ and ei~ery the agreerrients, stipulatioru, conditions and covennnts o/ said
note and ihis inortgage, or either, arn not jully perjormed, complied witb and abided by, tl~en the entire
sum mentioned in said note, and il~is mortga~e, or t{~e entire 6alancp unpnid thereon, shal~ jorfhwit6 or
ttierea~fer, at the option o~ tfie mortgagee. ~ecome anc~ 6e tlue nntl ?wya6le, anyt{~ing in sai~ note or herein
i
to f{~e confrciry notwithsfanc~ing. Fai~ure ~y the mortgaflee to exercise any o~ Ihe rig{~is or options {~erein
~ prouided shall not constitute a urairer o/ nny ?ights or oplions under said note or this mortgage accrued or
ttiereaJter accruing.
~
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(CORPORATE ~n ~~~Il~s ~~OL the mortgagor {~as caused t~ese presents to
SEAL) 6e executed in its name, and ils corporate seal to 6e hereunto af~ixed, by its
proper o~~icers t~ereunto du~y authorizecr, ehe day ~d y~ (irst a6ove written.
ATTEST----------------------------------------------- BACKUS ENTERPRISES , INC .
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Secrrtary
Signe~, seQlecl ancl deliverec~in fhe presence oF: . ,
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Of Florida . yJ~.~sa
, ~ ~0 Of St. Lucie .
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1 HEREBY CERTIFY elwl on du, duy. 6./on mr. an o/li~r. duly au~h~rizrd 'v~ tl.e Stae. and Cou,uy u/o.rw~d ~o ta4r aclrnou,lydg-
^K~~• aR°^°ur °p~a Frederick B. Guhse
~ u~e~l Inwun to mr to de t~u Prirsi~Irnt e~{ respecli~r~y o~ t~e corporotion narned w
nartyagor in l~t ~oregotng inslrurnenl. ond t~wf I~eq xtrru~~y ac4nou~e~~gvd o.ave-ufinq l~v samr. in l~ee presencr o~ luv subscri6ing uKlnesxs.
freely nnd ro~unlari~y urtdrr aul~wity ~p reslec~ in l~rm dy sai.~ cayornfion wu~ t~rut ltie sra~ a(~i~ed ttirrelo is l~e lrue corporatt sea~ o~
. so;~ cwporation.
~V~j1T~C$ my ~and and o~~icia~ sta~ in Itit ~ounf~ and Slalt ~us1 u~onsaid ltiif 2~$t c~oy o~ May
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