HomeMy WebLinkAbout2223 and shall per(o?m, c~omply Wi~f~ and a6id. 6y ~ti and e~~enr tl~e agro~n?enta, atlpulalto~it, condtttoru and
co~~ertanls thereo~. and o~ ttits mortgape, f~?en f~ia ~norfgage and fhs ssfaf~ k~by crinled, s~au ceasa. d~-
ter~ntns and bs null and iwid.
i{IW t~p ~a.eg~or f~n~6r Jurther covenanf~ antr ag~ to puy promDtly wl~~n dw fhe principal and
tnfeersl and olti~ aun~ o~ mor~ey provtded ~or tn aald note ond tkia moHgag~, or etl~er: fo pur au and
itngu~ar f~e laxpi. assesin~ents. ~euiea. ba6iit~t~s. o6~IgafEo?u. nnd encwn~anns o( eotry natun on aatd pro-
pertr; fo permll. rnminit or su~ler no wasle, i~npnirrnent or deteriornfiw~ oj iaicl ~nnd or t~e lmprovemenb
fherrcn af any timp: to ~p ftie bui~ings now or ~ere~a(tK 'on said land jully iruursd tn u swn o( nof ~ea
f~an
iR n c~on~wny or companiea acoepla6le fo !1~e n~orfgage~. i~e po~tcy or po~iciet to 6e heW 6y, and para6l.
to, said nw?tgagee, nn~ ~n the euent uny awn oj moner becomes ~ya6l~ by virtus of auc~ iruurnnct the
morfgagee shall have the rtg6t to rece~ve nnd apply tke soms to tl~e inde6tedness ?~ere6y secured, acoounling -
fo I~e mortga~ ~or any surp~us: to pay n~~ c~osfs. CliAreed. and expentes. inc~tu~ing ~auiyer s jeea and tll~e
searcl~ps, reasona6ly incunr~l or paid 6y tl~e mortAngee because o( t~e ~ai~ure ol fhe mortgagor fo pro~npf~7?
and (ully rnmply wlth the ogreemenfs, sttpu~alions, rnndittons and rnuenanfs o( said nole and this ~no?Igagt.
o~ either; !o perJorn~. ~Ply w~el~ c~d a6~de by ~ch a?u! every the ngreemenfs. atipu~ations, condittons nnd
rnvenanta set ~o?fF~ tn said note and fhis mortgage or eitl~er. /n tke enent the morfgagoe~ ~ni~a to pay when
due any tax, assessment, insurnn~e prc?mium or otl~er sum o~ money paya6le 6y viftue o( said nole nnd tl~is
nwrlgage, or eit~er. f~e morfgagee may poy ~~e snnee.. withouf wniuing or a~(ecting tl~e opfion to ~orec~ose
or any ofhe~ rigF~t I~erpundc?r, and all auch payments s1~aU 6ear tn~p?est jront dnte tker+eo~ at the 1~Igkest law-
(u~ rate i~en a~~owed ~y f~e laws of fhF $tafe oj Flortda.
~l any sum o( money herein re~e~ fo ~ie not pmmpf~y paid wilhin 30 days next after
the same 6e~omps due, or i( eac1~ nnd every if~e agreempnts, stipulations, eonditior~s and covenanta o/ said
note and t1~is mor?page, o~ eifl~er, nre not )ully per/onned, complied witk and a6~ded 6y, t1~en fhe pntire
sum mentioned in said nofe, and tl~is mortgage, or the eeitire 6alnnce unpaid thereon, shall )ort6witl~ or
ttiereaf
ter. at fhe option o( t~e morlgagee, become and 6n due and pnya6le, anyf~ing tn sald note or he?e1n
to the rnntenry nofu~ii{~sfancling. Failure by !he mortgagee to exer+cise any o` t~e rig~b or optioru ~eretn
provic~ec~ atia« nof conslifule a u~aivpr o~ any righfs or options under satd note or t~iia moNgage acc?ued or
I~ereajter accruing.
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1n ~~tl~~ ~IKIL~`~ 1{~e saic~ morfgagor has hernunfo signatl nnd scml~l ll~ase presents f~e
c~ay anc~ year ~irs! a~one u~ritfen.
Sign alecl ane~ delinered in tl~~ presence o~:
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Jame ~h ilips~, r d a
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Lillie T. Phillips
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` STATE OF FLORIDA, ~
Cou~t nF St. Lucie
i HEREBY CERTIFY that oa this day. before me, an
o(ficer duly authorized in the Statc aforesaid and in the County aforesaid to akr acknowIed6ments, penonally appeared
James Phillipe, Jr. and Lillie T. Philli.ps,~his ~,~ife
to me known to br the penon described in and who eaecuted the for~goinq i~utrument and they ~~k~'~!~
beforc me that they executed the same.
N'I"1'NESS my harid and olticial seal in the County and State lut aforesaid this ' Z~th day of
QCL~=- A. D. 19 75
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f•:i Notary Public
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