HomeMy WebLinkAbout2638 and shall ~erform, comply uilh arul aLide Ly each und eucry tl~e a~rcements, stiputattons, corulitions und
cooenonts diereo/, and oJ thls mort~oke, then d~ts mort~;a;;e aiul d~e estate l~erel~y created, sliall cease. de-
termtne and be null and void.
~ the mortgagor hereby further cooenonts a~ul a~;rees 10 }xry Nromptly whe~ due the princlpal ond
httenest ond ather sums of money proukle~l for in said note arut t/iis mortgoge, o? either; fo pay all and
aingubr the toxes, assessments, le~ies, lio~iiltties, obligQtio,~s, ond er.cumLrancea of every nature on sokl Nrop-
erty; to permtt, comi»it or su8er no u;aste, impoirnient or deterioration of said ianci or the imNrovementi
thereon at atiy time; to keep the buiklings rww or hereo/ter on saitt Innd ~ully ir~sured in a sum of twt les~
tl~en
~n a cc?m~any or comp~rmtes arre3~tahl~ t~ the mprt~agee, the paltcy or policies to Ix held bu, and ~ayabie
to, said mortgagee, arul in the event any swm o~ money Geco»~es payaU~ee Gy virtue of sudi insurance the
mortgagee shal! haue ihe right to receive and appi,y the same to t1~e i?uiebtedness )eereby secured, uccounting
io the mo?tgagor for any surplus; to puy at! cos~ts, charges, a~ul expenses, including lawyers fees and ttile
searches, *easorwbly incurred or pnid by the mortgagee 6ecause of the failure of the mortgagor to promptly
an~ fuUy comply with the agreements, sti~n~lations, conditrorur and cocenants of said note and this mortgage,
or eiti~er; ta perform, comply u~itti anct oliide by each and eoery the ogreeaeents, stipulations, conditiona m~d
covenants set forth in sak! note and this mortgage or either. In the event the mortgagor foils to poy when
due any tox, assessment, in.surance pse~nium or other sum of money ~ayal~le by vfrtue of said note nnd this
mortgage, or either, tlu mortgagee may Nay the same, u~ithout uaiving or a~ecting the option to foreclose
or ony other right hereunder, and aU such payments shall bear interest frorn date thereof ot the htRhest laur
f
ul rate then aUoued by the lau:s of the State of Fbrida.
~L any sum of moriey herein referred to be not promptly pnid w~ithin~~r~ days ne~rt afte?
the same l~eca»:es due, or if eoch and eoery the agreements, stipulations, co tteons and cooenants of said
note anci ihis mortgage, or either, are not fuUy performed, complied wit/i and obided by, ihen the entire
sum mentroned in said note, and fhis mortgage, or the er~tire balance an~aid thereon, shall forthwith or
therenfter, at the option of the mortgagee, become and be due and payuGle, anything in s~atd note or herein
to the contrary notuithstaruling. Failure ~iy the mortgagee io exercise any of the rights o~ options herein
provided shall noi constitute a u;aioer of any ri~hts or options u?uler saed note o~ this mortgage acenied or
fhereafter oecruing.
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~ ihe said mortgagor hos hereunto signed and d th presents the
day and year first a)iove ~critten.
Signed, seated and tlelivered in the nce of:
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STATE OF FLORIDA. ~
COUNTY OF St. Lucie
I HEREBY CERTIFY that on this day, before me, an
o~cer duly authorizecl in the State aforesaid and in the County aforesaid to take acknow•ledgments, personally appeared
Charles J. Cannon Jr. & Patricia A. Cannon, his wife
to me kiK~~~•n tn lx• the {xrwn g d~KC•rilx-~I in and ~chu e•~cY•tded tIN• (nn•t;~~ink inxtn~ox~nt an<I ~ey a~t~n~..•ledRecl
' lieforc n~ th~t fi~l@y i~~~Y•ntiYl dx~ s:~nK•. -
~VIT\F.SS iny ha~xl :uid ulfici:?! se~:d in lh~• County and tit:~te lact aforesaid this 20~~:~
~ ` day of
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~y ll. ls~ 75. ~ .
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