HomeMy WebLinkAbout1409 and shall per/orm, comply u:ith a?u1 al~ide by euch and eucry the u~;reen~enls, sflpulatbna, co~ulitions aru!
oooenants thereo/. oncl o/ this mortgu~e, then this mort~;a~;e oru! tlie estate licreb~ created, siwll c~ease. de-
termir~e a~ul ~be »uU and vok1.
~ the mongagor he?eby furthe~ couenants arut abrees to ~?ay promptly when due the princfpal and
interest anc! othe? sunu of money provi~led ~or in saiil ~wte and thu mortguge, or eitl~er; to poy alf and
singul~r the taxes, auessments, leuies, liobilitie~, d~ligutio~u, arul e?ticumbrances o/ euery noture on snld ~rop-
erh~; to p~rmif. comrnit or suBer no u;aste. impairment or dele?iorotion of said land o~ the improoements
thareon at pny ttme; to keep the buildin~s now or hereofter on soid lund fully i?uured in a sum of not less
than ~
~n a com~ony or companies ucceptal~le to the mortga~;ee, the policy or polecies. to be hekl by, and payable
to, said mortgagee, and in the enent nny sum o/ money beco~rtes payable Gy v~rtue of auch iruurm~oe the
»~ortgagee shaU l~avt tlre right to recefve and apNly the same to the i?uleGtedness hereLy secured, accounti»g
to the mortgagor for any surplus; to pay aU costs, charbes, wu! expenses, includtng bwyers fees and iitJe
a+earches, ieasonably tncurred or pa~d by ihe moMgogee l,ecausee of the feilu~ of th~ mortgagor to promptly
and fuUy com~ly with the ogreements, stipulations, conditions ond cw~enants of sa~d note and this mortgage,
or either; to per/orm, comply u~ith and al~ide Gy each arul eoery tGe ogreements, stipulations, conrlittons and
, conenonts set forth in ~afd note and this mortga~e or either. In the euent the mortgagor fails to pay wl~en
due any iax. oasessment, fr?surance premium or other sum of ~noney payabte by virtue of said note and t/~fa
mortgage, or etther. the mortgagee may pay the sanie, without u:aning or agectfng the option to foreclose
or any other right hereunder, a~d aU such payments shaU hear interest from date ihercof at th~ highest law-
ful rate then allowed by the ~aws of the State of Fbricla.
m~y sum of money heretn refened to be not promptGj paid w~ithin thirty daya next afte?
the sa~ne 6eGmnes due, or if each and every the agreements, stipulations, eonditiona and ~ouenants of ~afd _
note and this mo~tgage, or either, are not fuUy ~rformed, eomplied with and abided by, then the tntire
sum mentioned ~n said note, and this mortgage, or the entire 6atance unpaid thereon, siwll forthwith or ,
thereofter, ot the option of the mortgagee, become and be due and payable, anything tn satd note or herein
to the contraiy notwithstanding. Failure by the mortgagee to exercise any of the rights or optiona heretn
provtded shall not constitute a u;aioer oj any rights or options uncler snid note or this mortgage aeen~ed ar
thereafter accrufng.
~n ~~~I~ the said mortga~or has hereunto signed and sealed these presents the
day and year firat above icritten.
Signed, sealed and delrvered in the presenee of:
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STATE OF FIARIDA,
t CoUNTY oF St. Lucie ~
~ I HEREBY CERTIFY that on this day, before me, an
~ o~cer didy authorized in the State aforesaid and in the County aforesaid to talce aclmowledgments, personally appeared '
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Troy E. Teuton and Vickie H. Teuton
to me k~x?~~•n to I~r the ~e~~n di~ccrilxYl in :u?~I ~~~M~ e~rc•~drd tFK• fore~y,k~iuK inxtrt~n~ent a~„) ~fie3/ aeknowledgetl
liefom u~e th:~t ~1ej~ i•~iti•utrd Hx• .:u~K•.
WITNEtiS n~y hand and otfk•ial sc.il in tM• C.~nmty ancl State lact a(uresaid this 2~~ , c~py of
• ;
Oct. u. ~~~75 , r~~
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~ . E : ~ ~r 0 NOTARY PU6lK STATF- t~p ~ u _ ~ :
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e ~ ItE ti~ i~ ~ :M ~ Y ~ MY COMA~iI5S10N EX (qPs p~~ .
° ~ti.' -{8~ 7047„ . ' .
~ ~j lu - ' - ,a~ G 60NDED THRU GENFRAt INSURANC~E,~i~RVYRIT~
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