HomeMy WebLinkAbout0882 ~ - ~
~n~~ sl~n~~ p~rjorm. ~•ump~y ~oil{~ artt~ a~?ic~e ~y Pac{~ an~ i~i~e~ry I~e apreemrnts. slipu~alion's. cont~itions a?td f
co~•i~nanls ~hen~?(. nn~1 0! Il~is murf~~A~~e. il~i•n 1{~is I/IWi~(!(JP ancl Ihe PSIUIP hereby ~rpate~. sl~~ll cease. de- ~
~YffI1111P (IIt(~ ~?P IIN~I pfi/~ 1'W(~. ~
. ~
~~nd f~i~~ mnrlc~ar~o? ~~en~tiy ~uril~er cuvenunfs ancl a~lrnrs fo pay prumpt~y u~hen c~ue 1hp prinripnl antl
infer.~sl an~ ul~u~r sunes o~ monry pwni~~c~ ~or en saic~ nofe and fhis morlflafl~, or eil~~pr, fo pay all and
sin~ular fh~ lar~s, ass~ssm~nl:, lPOi~s, li~bililie~. u6lif~ations, ancl encum6~ances oJ every na~ure on satd pro-
perly: fo p~•rmil, commi( or su(~~r no u~asle, impairment or cl~i~riorafion o~ sai~ ~and or fhe improvements
f~~em~~n at ~~ny fim~: lo ~ro~p I~~r ~iui~~rin~~s no~v or ~~er~aJl~~r un sa~~ jari~ ~u~~y insure~ in a sum oj nol ~ess
f{~nn full insurable value
in a companV or e•ompanii~s ~cer~~ta~?~e lo Ih~ morl~~afl~e. I~~e po~icy o~ po~icies lo ~~e ~~e~~ hy, ant~ payab~e
fo, sni~~ murlg~gP~, an~~ in I~i~ e~~tml mry sum oJ money ~eromes ~,yo6l~ 6y virtue oF stech insurancR ihe
morf{~a~u~e S~IAI~ II~tDP tl~~ ?ic~ht to r~~reieP ancl QP~Iy IhP Sa!?ZP to 1he incle6tedness {~ere6y secureel, accounfing
to fh~ marlga~~or (or nny snrp~us; lo ~wy a~t cosls, c~~ar,yes, antl expe~~ses, including ~awypr~s f
PP! and lit~e
sParc~~~s, r~asona~~~y i?~cnrrec~ ar ~u~ic~ {~y 1~~p morl{~at~ee ~~ecouse o~ t{~e ~ai~ure oJ fhe morlga{jor to prompf~y
ancr (u~~y ~•omp~y u~if~~ Ihe ngre~~m~~nls, stipulalions, conrlilions an~I coi~enanfs oJ sai~I nofe anc~ fF~is mort~age.
or ~il~~t~r, fo p~rjorm. i-omp~y u~if~~ anc~ n~i~e ~y eac~ anc~ ~npry !{~e agreemenfs. slipu~afions. condifions an~
coi~~nanls se! ~orf~~ in sni~ note anc~ fhis morlg~ge or ~ifl~er. In Ihe rvent the morfgagor ~ai~s to pay u~Iien
clue any taz, acsPSSm~~ni, i?+surnnt'e prPmium or olher sum o~ money paya6lp hy i~irfue o~ sai~ n~le and Ihis
mortgage. or ~il~~er. 1~~~ morfc~nc~ee may nay Itie samp. inittiouf wnii~ing or aJ~eclin~ Itie opfion to ~orec~ose
or ~nv o11~~r ?ip1~1 I~vr~und~r, m~d alI such payments sl~all benr intPr~sf jrom date tl~ereo~ at t1~P higi~est lau~
~uI r~l~ Il~~n allo~ue~1 6y 1I~~ la~os oJ 11~~ Stat~ o~ Florida.
SL iu~~ sum oJ rnonry {~~rein rv~errnc~ ta 6e not promptly paicr u~ilhin ten ~1~~ ~nys nex! n~fpr
~ Il~~ samr h~~cnm~~s ~lu~, or i~ eacli ancl ~~~ery II~e anreem~nls, slipulalions, cunclilions and covennnts o~ said
s~m me~tito?ied iri'sai(i1 /IOIPPQfI I ihi.c~ morfryngpv or lh~entireo Iwln~~
e unpai~ Ih re n. ~S{~ ll pjorlhwifl~f ,or
I f~i~rna~l~r, al 1~~~ opfim~ o~ I~iP morf~an~~, hrcome and bP due and paya6le, anyll~infl i~ saic~ note or tierein
l0 1{~r c-onirc~r~ nohrifhcf~m~inq- /'ui~ur~ ~~y f~~~ morl~ac~y~ to vxercise any o{ the ri~~ts or opfions {~erein
proric~i~el Sh~ll not conslih~l~ a u+ai~~rr oJ anY ri~~~fs or opfions ~u~~pr sni~ not~ or 1~~is morfgage acc?ue~~ Qr
t~~~rea(f~•r a~cruing.
~n ~itness ~hereof~ I~~e sni~ morl~~ngor ~~as ~iereunfn signPC~ ant~ s~a~c~~~ f~IPSP PfPSPIlIS f{~~
~~ay an~~ Vear ~irsl nE~o~~e u~riff~n.
Si{~ne~~. s t1 nnt~ tr~~i rest~ in I~u• pr~srnc~ o~:
-
. - - . . - - _ . -
- Jo E. Sh rrar -
_ - - - -a~N -.~i- . . -.t~
-
, : o s G. Sherrard
. _ . . . _ -
. - _ - - -
t -
,
: . _ _ . - _ _ . . _ _ _ . _ _ _ . _ . . .
~ (as to both parties)
~
~ STATE OF FLOR1DA~ ~
~ cc»'~-rv c~F St . Lucie
I I~F.REBY CERTIFY that on this d2y, before me~ an
off:~er duk- authorized in the State a(oresaid and in tltie Counq• aforesaid to tak~ aclcnowledqments, penonally appearcd
JOHN E. SHERRARD and LOIS G. SHERRARD, his wife,
to m~~ known to Fx the- p~•rwn 3 d~uribed in and who ezrcutrd th~ (orr¢oinq ~nstrumeut and they acknowledged
befor~ :ne that they exccuted the same. ~
~ ~~'17'\ESS mp hand and olficial xal~ i~ thr County and Stat~• last afor~said this dap of
/~'~t'! ~vG`G? A_ D. 19 ~
r--~
I -
; F ~EQ ~?n, k~c~a~~~ Notary S ta te of Florida
~ ' S~' Rp~EFC?~0 TRAS A~ at Large . commission e ires :
~ CLEPK C~~~~IT CO ~
~ pEt;t;~L Y=~~~ tEU ~'V ' ~
~ 5 1 ~4 4M'7~
~
~ 324 _i ~3 ~ . - = > ~ ~ ~ .
~ _ • ~ IL~;y
~ ~ : 1 ^ • '
~ - ~ J ;.F . : . C
.
' ' :
SPENCER B. GILBERT ~
"!'lu~ /rislrn~nr•~tl n• ~un•rl l~ ~ y % ~
p f y~ Gilbert & Horowitz P. A.
,1~G/rr.cs P.O. Box 3388, Fort Pierce, Flo'rida 33450
.
I , eo~K~'~~r rA~.~ 8~??
= ~ -
t : : -
z
~