HomeMy WebLinkAbout0586 nnd xhull ~K~r/onu, cor?~~~lt~ ~ci~l~ ur~d al,i~l~r h~/ rnrh ~:~ul r~~~•r~ tl~c u~rr~~~»r?~h. .1I111fll/fIlU1{S. ron~litior?s nnd
cucc?urnts fGe~rco/. un~l o/ fhia ?nurt~uhe, tl~en N~is ~uurf~~rt~~~ un~l Ih~ ~~sfnt~• lu•rrb~~ ~•muted, shull ce~ase. de-
tcrmine nnd be null a?u! coid.
~ tl~e mort~;u~ar hercbi~ iurtlicr c•ace?lu~ils uiul u~;re~cs t~ Jw~/ pre~mJ~tG/ ichen d~rc the princiJ~al a?ul
inferesf und oN~t~r s~ni~s o/ n~or~ei/ ~~ruui~le~! /ar in said nofe~ und t/~is »i~rf~;age, ar ciN~er, t~ ~w~~ aIl a~id
si??~ular N~e laxex, a~sessmenf.~, lecie.s, liubililic~s, r~bli~;ulio~4~, und r?tc~i~?il~ru?u~es o~ ~~e%en~ rwture on suid Nrop-
erty; to ~~crn?il, com~~+it or suBcr no u~u.ti~tc, im~x~iruirnt or deferioration o~ suid lund or tl~c iuiproucrnents
t)iereon at ani~ tin~e; to kcep ll~e bt~il~iir~~s no~c or l~ercu/ter un sui~l ?und /ully i?~sared in n stnn of nat lcss
r)~an Twelve Thousand and no/100----~---------------------------
in a com~~ani/ or rom~xtntes ncceptuhlc b fl~e mort~;u~;cr., the ~~olicy or Jwlicics In be held by, and ~,a~~able
to, suul n~ort~a~ee, c~n~! in d~e euent a~uJ sum o/ nw?ury Geco?,+r.t pui~aGle Ly virluc o/ aYirh inst~rance the
mortgotie~ shul[ hace Ihe ri~I~t lo receice ond upply the sur~~e to the indeLtecbiess i~e~eLJ secured, accountin~;
io Nie r»orthat;or /or ony surplus; to puy all costs, cl~ar~es, a~ul ex~~enses, includin~; luu~yers fecs arul iitle
searches, reusoru~Ll~/ i?icurred or Jwic~ by tlie n~orf~;«~;er. Gecuuse o/ 1he fuifure o/ N~e most~;u~;or Ia promptly
ant! falG/ comply ~cith d~e u~;rceme~~ts, stip«latior~.s, ~•on~lilinru aud cocenants of suid rale and N~is mort~a~;e,
or eitlicr; to ~?crJonn, ron~plr~ irilh uiu! aLide by cuch un~l ccc~y thc uhrcemc~ifs, sfipulutions, conditia~.s and
cooenants set forth in suul note u?ul this r»orftiu~;e or citl~cr. /n ~he eucn~ tJie mort~u~;or fails to ~wy u•hen
due any t~ur, assessnient, inrurnnce premium or other sum of ~noncy ~w~/able Ly oirt~~e o~ sairl note arul this
mort~;oge, or either, die n~ort;~a~c•e mm/ ~wi/ tlie snn~c, icid~ait iraiuin~ or njfecting the o~~tion to joreclosr
or nn~ other ri~ht hereuruler, and ull such ~xiyu~ents sI~a11 bear inferc.~t fro?n ~lute tlecrcof at the hi~/iesf lau~-
fu! rate t!~e~s ullo~ced by t1?e laics o/ the Stnte oj Florulu.
any stim of moncy Irerei?i re%rred tn Le no~ promptly Jwid icithin thirty days next afler
the sa?ne becon~e.s due, or i~ e[rclt uiul eoerJ Nie a~;ree?ne?~ts, stipulafior4s, co~u/itions mul cooe~wnts oj saul
note and d~is mort~;n~;c, or citl~er, arc »ot (~ill~ ~~er/anncd, con~plied ecit/i a~ul abided liy, d~en tl~e entire
siur~ mentionecl in said note, u?ul tliis mort~;age, or N~e entire Lalunce ~~n~~aicl tliereon, shall forthwith or
N?erea/ter, at Nre oJ~tion o/ tl~e mortga~;ce, l,cca~i~e anrl Le duc a?ul Jwyal~le, anything in saul note or )~erein
to tl~e contran/ notu•iN~staiulin~;. Failure 6J the mort~;o;~ee to e.rercise ani~ o/ tl~e ri~bts or options herein
prouuled shall ~wt co?~.stitu~e d u•nicer o/ ony riti!~ts or options unrler suic! note or tliis mortgage acenied or
thereajter occruir?g.
~n ~~~~s ~hereof~ tiie said mort~a;:or has Iiereur.to si~;~ied nrul senled ~hese prescnts tl~e
da~~ arul year first al~o~e u~ritren.
~i~rled . sealed an licered in tl presence of:
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~ STATE OF FLORIDA,
~ cou~~n~ oF St. Lucie ~
~ I HEREBY CERTIFY that on this day, beEom me, an
of6crr duly autM~rizcd in the S~ite a[ore.aid and in the Gwnty aforesaid io take acknoN•k•dqments, pcr.Wiu~lly appeared ~
Ernest Stonecipher and Evelyn H. Stonecipher, his wife
tu IIN• ~:IN~\\'O to Ik• th~• ~x•r~un S d~•x•rilK•d in an~l IN~ i~~~~~uti•~I U~~• f~~n•t~uink imtr~u~n•t~t au~l they :~~•~`O°~~~~I~cc)
1~•furi~ uH• th:d they .~•.~Y~~~~~•,i a~~~ ,:~~~N•-
~ 1~'IT\F.SS my haud :m~l ol(ici.~l u~a) in fh~• Gwnh an~) tilat~~ la~t afnn•.tid thic 29th day of
~ December 75
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