HomeMy WebLinkAbout0335 and shall perform, oomply with ancl al~ida by each and eucry the a~;reen~e~~ts, sttpuJattora. conclttiont and
conenants thsreof, axl of thu mortga~e, then thia mort~o~;e a~ul the estate herel~y aeoted, ahail ceass, de-
termtne and bt null ond ooid. ,
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tha mortga~or herevy ~urth~r c~ndnt.t anti a~~ees io fwy P?ompiiy wn~n aua ins ~t a~ -
intenest and other sums of money pro~&Jed for tn soid rate and thtt »~o~tgage, or eitl~ar, to pay all and
singular the taxes, assessments, leu~es. liobilfties. obligatto?u. aul encumbroric~ of eoery nature on sotd prop-
arty; to perm~t, eommit or su~er no u~aste, impafrment or detertorotion of aak~ lond or the improu~ment+ ~
thereon at any tane; to ktep the buiklinga now or harea/ie? oa ~:;:d lond fully insured ~n a sum of not leaa ~~s
ihan -
in a oompony or oomponies acoe~table to ti~e mortgagee, the poltcy a pol(ciea to be held by, end poyabls
to, aaid mortgagee, and ~n ths tne~u ony su»i of money 6ecomes payabJe by oirtue of such tnaurance ihe
mortgages shaU have the right to recetoe and appiy the same to the tndebtedness hcneby aecured, accounting
to the mortgagor for any surplus; ta pay aU costs, charges, ond espenses, tncluding tawyers fees and titJs
searches, reasonably ~ncu?red or paid by the mortgogee becau~ of ihe failur~ of t1~ mortgagar to PromPt~J ~
and fully eomply u;uh ihe ogreements; sNpu/atfons, eonditioru a?ul co~enanta of said note and this mortgage, -
or either; to perform, comply witl? and abide Uy each and euery the ag?eements, sHpubtions, conditiona arut -
couenonts set forth ~ aeld note and th~t mortgage or either. In ihe event the mortgagor foila to pay when
due any tax, ossessment, iruuroruae tnemtum or other sum of money payoble by otriue of aaid note and thta
mo?tgage, or either, the mortg4ge~e may Pay tl~e same, without u;o~aing o~ aBecting the option to foncloaa _
or any other rtght he~under, arul aU such payments shoU bear tnter~eat from datt thereof ot the h~est law- .
fui rote ihen allowed by the lauu of . ihs State of Florida.
~ or~y aum of money henetn ~efemed io be not rxomptly paid within thirtp da~a r~xt a~ter
ihe same becomes due, or ~f each and eo~ry the agre~ments. stiputatans, c~vnditiona arul oovsna~ts of aaid
note and this mortgage, or either, are not futly perjormed, eomplied with and abided by, t1~en t3+e entire
sum mentioned tn aaid note, and thia mortgage, or the entire 1~alar~e unpaid thereon, shaU farthu~ith or
thereafter, at t1~e option of the »+ortgagee, l~eeo~ru aad bt due and payable, anytl~ing in aaid no~s or herein
- ttr the contsu~ notuithstaruliseg. Failscre by th~ mortg~;ee to g~rsnciss ~ny vf t~ righea or ~t~na herein~
p?ovided shall not constitute a u;a~ner of any rights or options under said note o? this mortgaga oecnred or
the?eafter accruing. •
~(u ~Of~ the said mortgagor haa her~eeinto signed and a+ealed~these pr+e~ents the
day and year ~rst above ~critten.
Signed se led and delivered in the presenoe of:
._.~~~~'_f^y _
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. fIG Z~~~-.~~•~~~....~ _ .
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j S1'ATE OF FIARIDA, ~ _
~ COUNIY OF St. Lucie "
I HEREBY CERTIFY tbat on this day, before me, aa
~ o~cer duly authoriu~cl in the State aforesaiJ and in the County aforesaid ~ talce acknowledgments, personallY appeared
E
~ Nelson P. Payne, Jr. and Joan Payne, his Wife
~ to ~ne k~~~vn to i~e the {x~rse~n gik•scrilxYl in nnd ~cM? ext~ctidrd thr fom~;ointC inctnunent uiKl th@y acknawledgetl
~ heforc ute th:tt ~ey ~•~~~•utt~cl tlx~ +uuK•-
~ WITNESS my ha~xl anci of6chal ~:d in thr C'.ounty and S~1te lad afomsaid thic 20th day of
~ Auqust A: D. 19 75
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~ BOOK 243 ~ 3~
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