HomeMy WebLinkAbout0950 . . : . r _ . . - ~ -
a~ul shaJl ~~er/orni, cor,ipl,~ u:ith u~ul oL&le l,y rnrl~ und rucry ~he u~;nremeuts, sfiJnilations, rniulitio~u and
c~ouena+ts thc?eo/. and of thls ir~ortku~;e. then thu moN~;a~;e a~u! the estatc l~crel~y created, ska:l cease, de-
termins o?ut l~e nuU onrt voKl. ~
.
~ the mortgogor hereGy fu~tl~er e~~enan~s a?ul a~rees to pay promp~ly a~I~en due the principal ond
interesf orut othe~ sunu o/ moiu~y prooklcd /or i~~ soid note and e/iu mort~age, or eithe?; to pay al! and
singular the taxes, assessr»ents, leuies, liubelities, oG?i~utio??s. and e~u~umGratces o~ eucry rwture on suid proJ~-
erty; to pern+it, comniit or suBer no uaste. in~jxrirn~ent ar deleriorafion of sdid la~ul or d~e improvements
thereon ot any time; to kee~ the Guiklin~;s now or liereu/ter on said la~uJ /ully iiuureci in a sum of not less
than ~
in a com~xtny or com~wnies acce~~table to N~e ntortgu~ee. d~e ~?olicy or ~~olicies to be held by, and poyable
to. suid mortbakee, an~! in the event any sune o/ n+uney Lecomes payafile Gy nirtue of such iruurance the
mortgugee shal! hm~e t?te ri~ht to recei~e aul o~~ply tl~e same to the indebtedness here6y secured, accounting
to the mo?tgagor for any surplus; to jwy aU cosfs, churges, a?ul expenses, incliu/ing bwyer's fees and Htte
sea~chcs, rea3onably incurred or Jwiri Gy the mort~a~;ee. fiecause-of t1~e fuilure o~ d~e mortgagor to promptly
ond ~IIy compl~ with tlee a~;~eements, sfipulutio?~,r, co~ulitioru oru~ cove~wnts o~ so&1 note aru! this mortgage,
or either, to per/onn, comply u;ith ond aLide liy euch un~/ euery the a~reements, stipulateoa~, conditions and
covenonts set /orth in saict note arul lhis morlgage or.either. In Nie event tl~e mortga~or fails to }wy when
~lut any taz, assessment. insurnnce premeum or other surn o/ money payu~ite ~y oi?tue of saict note a?ul this
mortgoge, or either, ths mortguKee nwy Nay the same. w~itliout uaiving or aBecting the option to foreclose
or any other right hereurxler, and aU such N,^~ments shaU l,ear in~erest /rom date thereof at the highest law-
fid ~rote then allou~ed by ths laws of the Staee of Fbrida
ony sum of money herein ~%rred to be not ~~romptly pa~l wytl~in ~1rtY days nexf after
ihe same becomes due, or if each ond ecery the agreements, stijnr~ations, conditions and cooenants, of said
note arut this mort~abe, or either, are not fully ~erformed, complied uith u~ul abided by, then the entire .
sum menteoned in said note, and this mortgage, or the entire balance unYaid thereon,. shall forthwith o?
thereofter, at the optic~n o/ the mortgagee, heco~rie und he due and payalile, anything in sajd note or herein
to the contrary notu;ithstandir?g. Fuilure by the mo~tgasee to exercise any of the rights or options herein
prona~ed shall not constitute a uai~er of ony rights or optioru uruler snid no~e or this mortgage accrued vr
- the~a
f
ter accruing.
~n ~I~OI~ t!~e said mortga~or has hereunto signed ancl seoled these presents the
day arul yenr fust oliove u,ritten. ~
Signed, sealed arul deli~ered in the Nresence of:
Ska gs__Electric__~o.,I~c,____________________________~
P fit Sh ng._1'~C4ii~
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~ ~ - Trustee
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STATE OF FI.ORIDA. )
COUN7Y OF St. Lucie - 1
1 NEREBY CERTIFIf that on this day, before me. an
o6cer duly authorized in the State aforesaiJ and in the County a(oresaid to take acknow•kdgmenCs, personally sppeared
Michael Kare, Trustee of Skagqs Electric Co, INC. Profit Sharing Trust
to nw k~n~~n to l~r the {x~r~~n ~W~~ri1xY1 in and ~chn ~•~iY-ulyd tlw• fun•y:oinK instnmx•nt a~xl he ~ :~clctwW~edkecl',
I~rfom u~e that he i~~~rnteYl Hx• .:u~k~. 's-
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WITNEtiS nw h:?nd :tnd otFKial x•:d in fhe~ C'a~ant}- and State I:ict afon•said this gY.~~ ~Y ~
: •
Aprll D. Is) 76 " ' - " - - =
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NOTiRY ?UdltC SiATF f?r nn~~ ~t ~•'L ~ ` ~ ~
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MY COMMf5S10N EX?IRES A?R. ~.~f~T 9
~Ot~ ?HRU GFNERAL INSURAHCE ti~R~MRRE~ f
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