HomeMy WebLinkAbout1406 ond shal! per/orm, cor~~ply ~4ith and alikle l~y eac1~ unr! euery the o~rce?ncnfs, stlpulations, corulitiona end
covenants thereof, anct o/ this mortKu~;e, then fhts mu~t~;u~;e a?ul tl~e estate I~ereL~ created. ~wll ceaae, de-
' termtne and be nul! and uok1.
~ tlie mortgagor hereGy further cooenants aru! agreea to poy promptly when due tlie princtpal and
tnterest ancl othe? sums of money provkled for in aotd note ancl thts ~naNgage. or ettlu?: to pay e!1 onct
stnguTar the taxes, assessments, leuies, IiaGilities, oLtl~ations, arul encun~lirunces of every nalure on said prop-
erty; io permit. commit or su~er no u;aste, impoirnient or deterlorution of said lond or the im~xouementt
thereon at any time; to keep ihe buildinga now or herea/ter on satct land /ully t?uu?ed in a sum oj not lesa
tha»
in a c+nmpony o~ compontes acceptable to the niortga~ee, the poltcy or policies to be hetcl by, and payu6le
to, saicl mortgagee. and in ths event ony sum of money Gecomes jwyoble by v~rtue of such fnsuronce ti~e
mortgagee shoA havt the rtght to r~ecxjve and ap~ly the same to t1~e t?ulet~t8dness liereby secured, accounting
to the mort~agor for ony swrplus; io pay all costs, charbes, and expenses, ~nduding lawyer's fees ond Nt1s
searches, iieasonably incurred or fwid by the mortgagee Gecau~ee of the fatlure of the mortgagor to promptly
arul fully comply wlth the agreements, sti~ulatio?u, conditions ond covenanta of said note and this mortgage,
or either, to Ner/onn, c~vmply with and aGide by each aru! euery the agreements, stipulattons, conditions and
cooenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insura?~ce ~msmtum or other sum o~ money jwyahle by Mrtue of sukl note and thta
mortgage, or euher, the mortgabee may pay the same, without u:alofng or a~ecting ihe o~t~on to foreclose
or any other right hereuncler, and aU such payrreents shal! ?~eor interest fro»i clate thereof at f1+e higl+est law-
fuI rate then albu;ed Gy the laws of the State of Fbrida.
~ any sum of money he?ein referred to be r+ot promptly paid u~tt/~in thirty
ti~e same becomes due, or if each and eoery the agreements, stiyulations, conditions und cooenants of said
note arul this mortgage, or eith~r, are not fuUy perjormed, complfect u,~ith and abided by, then the entine
sum mentioned in sued note, onc! ti~is mortgage, or the entire Iwlance unpd~d thereon, sholl forthwlth or
thereafter, at the option of the mortgugee, become and be due and payoble. aaytbiag ~n sald note or herein
to the contrQry reotwithstaru~ing. Failure by the mortgagee to exercise any of the rtghts or options henia
provicled shaU not constitute a uatoer of any rights or optioru under soid rwte or this mortgage accrued or ~
thereafter accruing.
~ ~n ~#Iitness i#~ereof~ the said mortgago~ has hereunto signed und sealed the~e presents ehe -
a~ ~ yea~ ~~e ~ ~;rire~~.
Signed, sealed and delivered en the pres~ence of:
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~ STATE OF F'L.ORIDA,
~ CQUNTY OF St. Lucie ~
E I HEREBY CERTIFY that on this day, before me, aiw
o6cer duly auttiorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
' Tro E. Teuto~ and Vick~e~ H. Teuton
to me k~H~~cn to Iw the Tx~rson ~N~cerilxyl in .uH ~~hn ~•~t~•ut~•~ t x~ fon•{;oinK imtn~nx•nl and ~1Cy xe~cnow~$!~1
liefom ute th:it they ~•~e~•uh~cl tlx• .:~nK•. . . . _
\VITNESS my hand and o(fx•i:d u~:d in th~• Gn~nty ancl.Statr lact :ifori~aid this 2$~ .'tlaj?;o~,
~CC. A. U. ly 75 ~ '1~?~ ''~i = . ~y
7 I ~ 'r ~!_'.`3
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.G~~ . _ _ - ~4~ ~ .
~ r~b- Nau?m nJe~K sr~h of no~no~? A l t
F~~.~. J.. ~;h z x; Mr co~~ss?o~, ~csr~~s ~vs~ ~e, j"`" .
~ ~ . t~~~ ' I /ON~ED iHRU GENER/LL INSURANCE UNOlRWR11~1
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6QGK ~45 PACEi4oz
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