HomeMy WebLinkAbout0024 and shull ~?rr~or?n, co~u~?1~/ trifl~ uru! ul~ider l~y i•urli uu~l ~~t.~•r~ N~r u~rrr~?u•uls, sfi~~ulotio~u. runclitFo~ts and
cocenants tl~crco/, un~l o/ N~is ??wrt~u~c, N~c~~ Niiti ?n~?rh;c~~c u?u! Ilu• r.+tut~• hr.rrl~~~ ~•rcutcrl, sI~u11 ccuse, de-
termine a~~d be null aru! Lairl. ~
~ tl~e nio~t~;a;;or l~ereLy further ~~o~e~nun/s ~na! u~rces fo ~x~i/ ~jron?ptlt/ cclcen due tlre prr~rciNal a~icl
interest anrl oN~cr sun~s of ~.:r:~.e~~ j~rovide~~ /or in sar~t rcate aru! Niis rriort~;uge, or cilher; ta ~~ar/ all an~i
sin~ular the ~c~xes, assessn?enf.ti, levies, liuhiliticr, ol~li;;ulioi~.~, aiu/ ~rncu~nl,riu~~cs oj cccr~~ iuih~re on suid prop-
ert~; to ~~~r»rit, coni~i~it or suj/cr no ei~astc•, i?nJxrir?nent or delerioration o/ suid 1~nt1 or N~e iniproue?nents
tliereon i~l u»y tirnc; to ~ce~~ the buil~li~~hs noic or hercu/t~~r on sui~l land juUy i~~surcd rn a surti o/ ??ol less
than ~
in a comj~any or cor?i~xrnie.s ucceptul,le b tl~e ruort~u~ec, the pnlicy or J?olicies to be lield by, and ~w~~ul,le
fo. snul mort~atiee, and in the ecent u?~y siun o/ i?~nney becomes ~w~/aL?e !~y virh~e of s~ticl~ ii~.surunce the
rnortga~ee sliall l~ace t1~e ri~l~t to rec~ei~:e uud npJ,G~ the x4n~e to tl~e indeLtedness )~ereG~ secured, acco~uitrn~
to tl~e mort~u~or for cmy surplus; to ~uiy uJ! cosfs, chur~;es, aru! ex~xrru•cs, iricludFr~~; lu~ci~ers fees aiu! titl~
~searchcs, reasorwbl~/ iiuurre~t or JxtiJ br/ tlre ntort~;u~cc l~ccueis~e o/ tl~e failtire o/ U~e ~nort~;a~;or b promptly
arul /r~llq ~on,plr~ u•Ftl~ Nic a~reemcnts, stipulatiaes, ~o»ditians nn~l r.auc~iunts of suu! ratc a?ul this mort~nge,
or eitlier; to J~er%nn, com~~h~ icith n?ul nbide by ertch und ecery tl~e a~recnie~~t.r, stipulatioru, conditio~~s and
cot~e~wnts set fortli in said note uiul this morl~;n~;e or ciN~er, ln N~e event thc mortgcigor fails to ~~at~ icl~en
due any tax, assessment, insurm~ce >>rer?~ium or otl~er sur?~ oj nroncy Jwyal~le I~y virtue of said note and t/~is
morfga~e, or either, the mort~;a~;ee may Jxiy the same, ~cithout u~c~iuin~; or aBecting N~e option to foreclose
or ~ny oN~er ri~ht hereunder, a~ul ull sucl~ ~wyments sliul! bear i»teresf froni date iliereo/ at the hi~l~est lacr-
ful rate tl~en allo~ced b~ t/ie IQ~cs o/ tlie Stale oj Florula.
~l anr~ sum of monei~ l~erein re%rred to be not promptly ~~ai~l ~r.ithin ~ thirty days ne~rt after
the same l~eco?nes due, or if eacli Q?ul evertJ t1~e ntireei~~ents, stipt~latia~u, co~ulitions antl covenants oj saul
note an~~ N~is rnortha~e, or either, arc ~io~ fr~llrJ perfori~iccl, ca.-r~plied u~iN~ a~ul abided hy, Nien tlie entire
sum mcntfoned in svid note, and tliis mort~aae, or the entire ?~aluncc tin~~a'ul thereon, shal! /orthw~d~ or
tlrerea/ter, at d~e ontion of tlre mvrtgo~;ee, Lecome nnd l~e clue a~ul ~wyal~Ie, un~d~ing in saict note or herein
to the conlrart~ nohriN~stnndin~;. Faihire bJ the mort{;oree to exercise an~/ o~ N~e ri~l~ts or options )ierein
prouirled shaU not ronstitute u icaiuer of any ri~;l~ts or optio~~.s ~~~uter said note or tGis mortgage accrued or
tl~ereafter accrui~~g.
~n ~itness ~h~reof~ t1~e saicl mort~a~or lias liereunto si~;ned a?ul seuled iliese ~~resents the
da~/ a?u~ year firs!'abcue tcritten.
Si~;ned, scaled and delicered in the presence of:
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STATE O~ FLOAtDA, ) ~
COUN7Y OF }
St. Lucie y
- - I fiEREBY CERT1Fl' that on this day, i~efom n~e, an ~
officer dul}~ auth~uiuJ in the State afor~•said and in thi~ Grunty afomsaid to take ackrwwledgmenU, ~xrwn~U~~ appearecl ;
William M. Franklin and Monti~e Franklin, his wife
to nx• kiN~~~ u tn Iw• IF~~~ ~x~ru~S ~Iru•ril„•ii in :~u~l IN~ ~•~~rutr~) th~• l~~rr~~~i~+~ i+i~lnueee•i~t :u~~l they ack~vledKcrl ;
1N•fun• in~• tlwt the~t i•~~•i ut~~d th~• ..uu~•. ' }
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~\'I'I~XEtiti ni~~ h:u~d au~l ul(ici:il w:tl in th~• t'uuuh :uul titah• L~.t alur~ .:tid thi~ 18 i~y of
Sept. .a. 1~. ~s~ 75 = , . . ,
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El`~t,, ~~vµj~ clA• ~ NOTARY PUBIK STATE OF fL10*Jp,l~lT 's~~f?
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Sj l~•~~~, J_:.~T~,A~{ ~t MY COA1M coNrtY' C~S'Ai`1~'~~j9.i)~l'J, '
~V.~" CQ J ~ bONDF'J TN2~. . r;S[i . ..F U!~•~llfl¢LQI?EAS S
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