HomeMy WebLinkAbout1932 ? ! . y a - - a • •
covenants thereo/, arul of this ~nortga~;e. ~l:~n this mort~a;;e u~ul tl~e estute here~b~ created, shaA cease, de•
ter?nine and be nuR ancl void.
~ the mort6agor he~eGy further co~enants a~ul agrees ta pay prompfly uhen due die ~rincipal aru~
interest and othcr sun~s of moneJ prou&led /or tn said no~e a~ut t/~ts monRaga, or either; to ~wy all and
singuIar tl~e toxes, assessmenfs, leuies, liabilities, obli~atioru, ond encuml,rm~ces o/ e~ery nalure on said pro~-
erty; fo permit~ comn~it or suBer iw u:asfe, im~wirneent or deterioration o/ suid la~ul o~ ihe improvementt
thereon at ony iime; to keeN the builclfngs now or hereo/ter on soic~ )and fully insured ~n a sum of not less
thaa Two Thousand Five Hundred and no/100----------------------
in a company or comNanies ucceptable to tl~e mortba~ee, the polky or policies to be heid by, arul payavle
to, said mortgogee, urul in ihe euent any sum of money Gecornes payohle l~y uirtue of suc1~ !?uurance the
mortga~;ee shaU haue d~e right to receive mut app?y the same to the inclebtedness hereby secured, accounting
to the rnortgagor for a~u~ surplus; to ~wy al! costs, eharges, urul expenses, including lawyera fees and titie
searches, reasorwbly fncurred or Naid by i1~e mortgu~ee because of the fatlure of the mortgagor fo promptly
and fully comply with ihe agreements, stipulatio?u, conditions and couenants of said note und this mortgage.
or either, to per/orm, comply u~ith and aGule by each and eoery the agreements, stipuiations, conditions and
couenonts set forth in sakl note a?~i this mortgage or eitlier. In ihe event the mortgagor foits to pay when
due any tax, assessment, insurance prem~um or other sum of money payable by nirtue of suid note ond this
mortgage, or either, tlie mortgabee may pay the so»ie, without u;ainin~; ar a~ecting the option to forecbse
or any other right hereunder, and aU such payments shaU Geur interest from date thereof ot the higliest Iaw-
ful rate then allou;ed by the lauu of the State of Florida.
any sum of money herein seferred to be not promptly paid icithin thitty
the same becomes due, or if each and euery the agreements, stipubtions, conditfons and c~vuenants of said
note arul this mortgage, or either, are not fuUy performed, co»~pl~ed with und ab~ded by, then the entire
sum mentioned in said note, and this mortgage, or the entire lxilance un}wid thereon, shol! forthwith or
thereafter, at ihe option of the mortgagee, become and be due and lxulaGle, anyihing in said note or herein
to the contrary notwithstanding. Failure 6y the mortgogee to exercise any of the rtghts or options herein
provided shaU not constitute a e~.~aiver of any righis or options under said note or this mortgage accn~ed or
thereafter aceruing.
~~~1~ the said mortga~;or has hereunto signed and sealed these presents the
day and year first al~ove ~critten. _ ~
Signed, senled anc! delioered in the presence of:
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~ STATE OF FLORIDA.
coutv~rx oF St. Lucie ~
I HEREBY CERTIFY that on this day, before me, an
o~cer duly authorized in the State aforesaid and in thc County aforesaid M take acknowledgn?ents, personally appeared
Benjamin F. Coleman and Phyllis M. Coleman, his wife
to nx~ k~x~~~•n to Ix• the• pi~~~n Sk~si•rilx•d in xnd ~cM~ r~rcutrd dx• fon•t~uioK imtnmx•nt :~~H~ they :~ekno~viedgecl
I~e(mm ~x• thxt they i•\lY'IItIYI ~IK' a:tuK•.
~VITNESS my h:tncl and o(fici:d se:d in thc ('.onnty and State lact afonwaid thic llth c~ay of
September i~~ 75
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