HomeMy WebLinkAbout0606 and shnll prr~orm, comply u~ith and abid~ by ~nch a~c~ e~~ery fhe ngreements, atipulaliona, condiliona and
i~orenanls thereo/, and o) lhis mort~ad~, tl~Pn this mo~tgage and !he estate f~p.~6r crnated, aha~~ cease, ds-
IP?mine and 6e null nnd i~oid. :
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~n~ Ihe morfga~or tieri~tiy ~u?ther cavennnta and agrees fo poy prompf~y whpn ~ue flte princlpnl oncl ;
inferNSt anc~ ofher sums o~ money provic~ec~ ~or in sai~ nofe and Ihi3 morlgage, or eiltier; fo pay al~ and ~
sin~ul~r t{~e IAYPS, asaessmenls, Iei~ies, lia6ilities, o6lipattons, ond encum6mnces of every nnture on said pro- ~
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perly; fo permif, rommit or su~jer no wasle, impairmenf or deteriomfion o( sai~ ~and or Itie improvemen4 :
ff~en•un al any fimp; to I~eep the 6uildinga nou? or I~e?eafter on ~aid lund jully insured in a sum of not ~eas '
~tia~ Five Thousand and no/100---------------------------- ~
in n compnny or companies accwptab~e to Itie ~agee, !tie po~ic~r or po~icies fo 6e ~e~ by, and payu6le ;
to, sai~ mortgac~pe, anc~ in ftie event any sum o oney becomes ~ya6l~ by virtue o~ suc~ inaurance t~?e ~
mortgagee sF~aII {~ni+~ fl~e rtght to n+reive and apply ll~e same to ll~e indebtednesi F~ereby aecurnd, accounting
fo f{~e morlga~or (or any iurp~ua; lo pay al~ cosf~, charges, nnc~ expensea, inc~uding ~awyer's ~eea nnd til~e ~
senrc{~~s, rpasonably incnrrec~ or ~~d 6y ehe nwrlgngee 6ecause of fhe ~ai~w~e o~ ltie moHgagor fo prompl~y '
nn~ (u~~y comp~y ~~uk rhp ae?eements, stipu~attons, conc~ifions and covenanfs oJ said nofe and tl~is mortguge. ~
or pittier; to per(orm, comp~y wifti anc~ a6i~Ie 6y eacl~ ond eoery the agreemenb, stipu~aftons, co~ditiona and x
corenants set ~ortl~ in said note nnd fl~is mortgnge or eill~er. In fhe e~ent fhe mortgagor failt to pay when ~
due any tax, asses~menf. insurance p~emium or ot~~er sum oJ money payn6le 6y viriue o~ said note and f~is €
mortgage, or eif~er, !tie mortgagee may pay the same, wifhout watutng or aJjecti~g the opfion fo jorec~ose fi
or any olF~ei rigl~t I~erpun~Ier, and alI suc{? paymenls shal~ bear inferest lront dale thereo( ut the I~ighest Iaw- ~
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(u~ rate. then allou~e~I hy t1~e ~aws o~ the State o~ Florida. ~
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ll any sum o( moriey I~erein re~erre~ to 6e not prompf~y poid wifhin ' e~aya nexf a~te? ;
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thp snme 6PCOme~ due, or i( each nnd ei~ery fhe ngreements, stipulntions. conditions and covenants o~ snid
nole and this mortyage. or either, nre not (ully per(ormed, comp~ied wi1~ •and a6~dpd 6y, tl~en tl~e e~tire
sum menlionec~ in said note, and t1~is mo~tgage, or ike entire balartc~ unpaid therron, sI~nII ~ortF~with or ~
tl?erea(tar, at 1he option oj the mortgagee, become n~d 6e d~ and ~ya6[~, anytl~ing in saicl note or herein
to !~e contrary notwiltistanding. Fni~ure 6y ttie ntortgagee to exerciie nny of t~e rights or optior~t ~?erein s
proui~c~ shall not consfifute a u+niver of any rig~ts or opfions under saia note or fkis rnwtgage accrued or ~
therea)fer accn~ing. t
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~n ~itness ~hereof~ Il~e sald mortgagor f~ns hereunto signed and sealed these presenls the
c~aV nnc~ year ~irst ahove urriflen.
Signed. sealed and delii~ered in tl~e presenco o~:
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$ STATE OF FLORIDA,
' COUNTY OF St. LuCl@ ' ~
~ I HEREBY CERTIPY that on this dar, before me. an :
~ o(ficer duly authorizcd in the Stat~ a(oresaid and in the County aforesaid to tak~ xknowled4ments, penonally appeared '
~ James J. Gibbons and Brenda M. Gibbons his wife
i to me known to b~ the perwn S d~scribed in and who ezecuted the tortgoing instrument and they acknowkdsed
~ befor~ me that the~xecuted the same.
~ 1ti17~tiESS my hand and o((icial seal in the County and State last aforesaid this 21~~••'"' '~ar d
' .July A. D. 19 76 ~ .
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; ST iL'C '+Jh~ ; fCA. (Pt ~ +:r,~EA'r~Atit~s
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- JUL Zj ~ 39 ~H'7b
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p; Thif liu~n~~~rt»~ prcpr~rc~d by: ~
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