HomeMy WebLinkAbout0325 and ahall perform, compl~ uit1~ a~u! aLkJe l~y each one! eucry ti~e u~;ree~r~e?+fs, sttpulattoru. condittons and
ovuenants thereof, an~l o/ rhts ~?~on~oke, then this mort~a;;e a?ul ti~e estate l+erel~y created, shull cease, de-
tsrmhie and be nuu and void.
the mortgogor hereby fu~the? co~enanta a~ui obrevs to pay promptiy when dus the princlpal and
interest and other sun~s of money provkled jor in said rtote onci il~ls mort~age, or elther; to ~wy atI and
stngulor fhe ioxes, assessn:ents, leoies, lfabilities, oLli~;atioi~s, an~l encuinbroru:es of euery nature on aaid prop-
erty; to ~errnft, comrnit or su~er no u;aste, fmpatrme?u or detersoration of satd iond or the improvementa
thereon at any tt»~e; to keep the buildin s now or hereafter on said bnd fuUy insured in a aum of not less
tl~an Five Thousand and no~100 Dollars $5000.00
in a com~ony or compantea acceptable to the »iortgugee, the polky or pol~cies to be 1~eld by, ared payui~le
to, satd mortgagee, o?ul in tl~s etient any sum of money becomes payable by nfrtue of sueh insurance ihe
mortgagee sl~al! have the right to receiue and opply the same to the t,~debtedneis herevy secured, o~xounti»g
to the mortgagor for any surplus; io pay aU eosts, charges. arul expenses, including lawyera fees. ond title
ssasches, i~^.~tt~illy fn~crred ~r th~ mc~r!~a~eg l~e*ne~ af ~hR f.~i~.,,~ ~ t/~ m!xtonar,r to }~'*o'nP~U!
and fuAy comply wtth the og?eements, stipulations, corulitions und c~ov~enants of aaid note arid this mortgage,
or either; to per/orm, comply :cith onc! al~icte b~ euch an~l eaer~ the agreementa, stt~ulations, conditioru and f
ovnenants set fo~th ~n said note and thu mortgage or either. In the enent tl~e mortgagor fails to pay whsn
due any iox, assessment, insuranc~e premium Qr other sum of money puyable by vf?tue of sa~d note and this
mortgu~e, or eitller, the mortgagee may rwy the ~ame, u,~ithout waFning or aBect~ng the opt~on fo foneclose
or any otlier righi hereunder, and all such }xiyments sl~a!! l~eur intereat- from date ihereof at ihe highest low-
ful rate then allowed by the Iaws of the State of Florida. ~
any sum of money herein referred to be not promptly paid e~tithin days ne~at after
the same becomes due, or if each and eoery the agreements, sti~ulations, conditioru~anc~yc~ovenants of said
note and this mortgage. or either, are not fuUy performed, complied w~ith and abided by, then the entire
sum ment+oned in saicl note, and this mortgage, or the entire balance unpaid thereon, s/ioA forthwitb or
thereufter, ot ihe option of tlte mortgagee, become and ha due and payaGle, anyth~ng in said »ote w herein
to the contrary notwithstaruling. Fullure l~y the »~ortga;ee to exercise any of the rights os opttons herein
pronklecl shaU not constetute a u;aioer of any riglits or options under said note or this mortgage occrued or
~ thereafter accruing. ~
~n ~I1C~[Of
~ ihe said mortgagor has hereunto signed and sealed these presents the
day and year first abo~e icritten. _ ,
Signed, seaied and deliuered in tlie presence of:
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€ STATE OF FLORIDA, )
~ COUNTY OF St. Lucie ~
I HEREBY CER77FY that on this day. before me. an
~ o~cer duly autiwriud io the State aforesaid and in the County aforesaid to take acknowledgments, personally appeareci
~ Luther M. Peterson and Frances O. Peterson, his wife
~ M me k~w~~~•n to lx~ Ihe• ~x~nnn di~cc•ri1xY1 in .?nd ~~~M~ i•ria•uti•J tlx• fan~~:~HUK iactnmx•nt :~~Kt ~ey ;x•knmvk~ciRecl
a
~ I~efom u~e ihat ~ey ~•~~~c•ote~l tlK~ >:u~x., .
~ ~VITtVE.tiS my ha~xl :u~d offici:d x•:d in t}x• G~unt}• and St.d~• la~t :t(on•saitl Ihi~ 22nd ctay of
~ Au~J11st A. D. 19 75
.
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~ ^~syEp t~lOTARY FUetfC ~TATE OP FtOH~OA AT LARd! _
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