HomeMy WebLinkAbout1970 an~ s~ia~~ perform, comp~y u~ifh and a6ide by Pac6 and ei~ery f~e ag?eemenfs, aftpu~alioni, condttlons and
co~~enunts thereuJ, and oJ this morl~ane. Ihen lhts mort~ape and ~h~ e~late here6y creat~l, ahull c~wse, de-
termine anri ~ nul~ an~ ~wi~.
. ~d the mort~anor hen~by (u?Il~er co~enanla and ugreea to pay p?omptly when due the prinrtpal a~d
tnlerrsl ancl oiher sums o~ money proi~ided /or in aaid note and thb mo~tgage, or eilhe?; !o poy all a~d
stn~u~ar f{~e laxps, assessments. ~euies, ~tabi~ifies, ob~lpalions. anc~ encum6ranc~es o~ svery nature on aatd pro- _
perty; fo permll, commif or su~fer no u~aslp, im~wirmenf or c~eteriorufion of said Iand or the improvemenb
tl~erecn af any lime: lo kepp ~hA buildinfls nou? or ~erew(te~r on sai~ ~an~ ~u~~y Irtsiu~ tn a sum oj not ~est
~I~aR full insurable value
in a company or companies accPpfa~~e fo I~e morfgaflee, ftie po~t~y o~ po~tctea !0 6e held 6y, and paya6le
to, saic~ morlgaRe~, an~ in fl~e ~venf any sum o~ money becomes payab~e by vtrlue oJ auch lnsurance t{~e
mortgapee shall {~ai~? the ri~1~1 to rc~pii~e and apply Il~e same !o f1~e indebtedness here6y secured, accounting
fo IhP mortga~or ~or any surplus: fo pay a~~ cosfs, cha?ges, and expenses, inc~ucltng ~uwyer
s jeea and fil~e
searc~~es, ~easonati~y incu?r~ or pai~ ~y t~p mortgagee tiecause o' t~a ~ai~ure o~ fhe mo?tgago~ fo prompilr
an~ ~ully comply wilh fl~e ag~ehmenfs, sfipu~aiions, con~ifions anc~ coi~enanfs oj snit~ nofe an~ this morfgage,
or eil~ier; fo perform, rnmply u~i1h and u6ide by each and every fhe agreements, sfipu~nttons, condii(ona ane~
covenanfs set ~orth in said note nnd t~is mortgage o~ either. In fhe evenf the morfgago~ ~ai~s lo pay w~en
due ariy tn.r, assessment, insurance premium or olher sum oj moriey paya6le 6y virlue oj said note and 11~ts
morf~a~e, o~ eit~~er, f~p morlfla~e~ may pay !tie same, u~ilhout wnie?ing or a~(ecfing ftie opfion to ~oreclose ~
or ony olher righf I~ereuncJer, and alI surlt payments shall 6ear inlerpst lrom ~ate thereoj a! ttie i~iyhpst fau•-
~nl rate Il~en a~~ou~ecl 6y fhe ~nu~s o/ th~ Stale o) /=~orida.
Dl any sum o~ mon~y herein re'PrIPd IO be not prompfly paid within ten days next after
Ihn cmm~ {~nrnmoe ~~~p, nr i1 anr1~ n?i~ ni~Q~y t~o Q~rgs.mnntc, ~iin~~In~jnrt~_ ~on~il;nne nn~ MiiPflAl~is ~ni~
note anc~ this morlga~~e, or eiil~er, are nof (u~~y perjormecr, comp~iec~ wil~ anc~ ab~ded 6y, 1{~en t~e enlirt!
sum mentionc~l in said notp, and t1~is mortgage, or fhP enlire balance unpaid thereon, s1~all jortl~with or
tf~erea/ter, at th~ option o/ Ihe mortga~ee. 6ecome and 6p due and payable, anyll~ing in said note or herein
fo f~~e confrory nolu~ithsfanding. Failur~ 6y 1he morfgagee to exerciar any oJ t{~e rights or options herein
proi~i~~eK~ shall nof conslilule a u~ainer oj any ri~hts or opfions ancler saic~ nofe or f{~is mortgage accru~ or
, f~erna~ler accruint~.
~n ~~lll~ ~~~1~ tl~e said mortga,qor lias I~ernunfo signe~I and s~alerl these.presenis thp
~~ay anc~ yenr ~int a~~oi~e inriffen.
Sig~~~. sea~e~ ancl a~~i~~e~~ in t~ pres e o~:
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F ances G. Iveq
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~ STATE OF FLORIDA.
~ COC\TY OF St . Lucie . ~
~ I HEREBY CERTIFY that on this day~ be[orc me~ an
o(ficer duly authorized in the Stat~ aforesaid and in the Gounty ~foresaid to tak~ acknowledgments, p~nonally appearcd
WILLIAM S. IVEY and FRANCES G. IVEY, his wife.,
to rne known to br the penon 9described in and who ex~cuted the forc~oin,q instrument and the~cknowkdged
befor~ me that they~xccuted the same.
~~`I"I:~ESS my hand and official seal in thi• County and Stati• last afor~said this ~ day o(
October 19 75.
(/C~~ ,
~ ..""'"""'X.l~_........_""""'"'_'_'"'""
~ Notary Pu , tate of Florida
~ at Large
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My Commission Expires : J.Z/~~
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~9EJi(~R 8, GILBcRI~, Att~mey at Lari ~
a! L~~~n sraE~~ ~~r. Pi~r~ct. rtA. ~a~~r .
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