HomeMy WebLinkAbout0059 and shall perJorm, comply witk and u61de 6y ench and every the agreements, alipulalions, rnndilioru and
covenants the~eo~, and oj thls mortgage, ll~en tl~is mort9nge and t{~s sstate I~ereby c~woted, shall ceasa, de-
te?mine and be null and iwid.
~ the mo~tgagor hen?6y ~urlhe? couennnls and agnes to pay promptly when due Ihe prtncipal nnd
lnferes! anc~ other auma oj money provt.Ied jor in sarid note and tRt~ moHgage, or eit{~e~: to pnr a~~ ond
. stngu~ar the faxes, assesaments, Ieuiea, lia6tlilie~, ob~igalions, and encumbrances o~ every nnfure on said pro-
perfy; to permil, commi! or auj~er no watfe, impuirmen! or deleriomtton o~ satc~ ~and or the improvemenb
t1~e?~.wn at any fime: to Ireep ihe buildings now or herpa(ter on said lund /ully insured in a sum oj not less
than its insurable value .
in a company or companies acc~epfab~e fo ttie morlgagee. !he pojlcy or po~tcies to be held by, and payabla
to, sotd mortgagee, und in tf~e euen! any sum of money 6ecomei ~xiya61~ 6y virlue o~ such tnsumnce the
mo?Igagee shnll 1~ave the right to receive und apply Ihe snme to tke in~g6tednesa ?~e?eby secured, accounting
to ftie mortgagor ~or any surp~~u: fo pay a~~ costs, ctiaraea, ancj expanaes, inc~uding lawyers Jeea anc~ lif~e
sear~cl?es, reasona6ly incurned or ~~d 6y ~he mortgagee bernuse o~ tl~e lailure of the mo?tgagor to promptly
nne~ jully comply wit~ ftie agreements, stipu~alions, conditioru and rnuenn~ls o~ said note and t1~is morlgage,
~ or eifher: fo per~orm, comply wilh nnd a6ide by enc6 ond every the ngreemenfs, stipu~afions, conditions and
rnvenanls sef ~ort{~ in said note and t/~is rnorlgage or either. /n fhe evenl the mortgagor ~ai~ to pny w~en
d~ any ~ax, assessment, insurance premium or ot~er sum o~ money payable 6y virtue of snid noie ~d thu
mortgage, or eit~?er~ the mortgagee may pay fhe same, wit~ouf. wuiuing or a((ecling the option fo f
oreclose
or any other riglet {~ereunder, and alI such payments shol! 6ear interest ~ror~+ dote lhereo) af Ihe highest lau~-
f ul rate f{~en allowed 6y the lau~s of the State oJ Floridn.
~l any siim of money herein re(e~ to 6e not prompfly pnicl wil{~in 30 days nexf a~fer
the same 6ecomes due, or iJ each and euery Ihe ag?eemenfs, stipu[ntions. conditions and covennnts o( said
! note and tf~is mortgage, or eitF~er, are not ~ully per/ormed, complied willi ~d ~~ded 6y, then tl~e entire
sum menlioned in said note, and this morlgage., or fhe entire balnnce unpaid ther~eon, shnll Jorthwitl~ or
the?eaf ter, at tl~e option o( the mwtgagee. 6ecome and 6e due nnd pnya6le, anytl~ing in said note or herein
to the contrary nolu~ithstanding. Failure 6y the mortgagee to exercise any of the rigl~ls or options herein
provic~ed s1~nU noi consfifute a u~aiaer oj any rig/~ts or options under said note or this mortgnge accrued or
I~erea~fer ncrruing.
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, -~n ~atness ~hereof~ the snid mortgagor has hpreunto signecl and sealec~ these presenis tl~e
~ clay- and yea~ ~i~st abone u~ritfen.
I $igne~, a~ecr an~ cl rer in _Ihe prese~~ce o~: ,
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I . , ~ ROBERT P. POWELEIT
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~ I: CAROLE E. POWELEIT
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STATE OF FLORIDA, ~ i
s' COL'\TY OF ST. LUCIE I~IEREBY CERTIFY that on this day. before me. an
offiocr dulc authorized in th~ Stat~ afor~said and in the County aforesaid to uk~ acknowkdgmenu, personally appeared
~ Robert P. Poweleit and Carole E. Poweleit
~ tu me known to 1x thr p~•rson S described in and who execut~d thr for~qoinq instrument and they ~cknowkdged
_ be~fur~ me that they ~x~cuted the same.
' ~~'IT\F.SS my hand and o((icial ual in ih~ (:ounty and Statc last a(or~said this 9th day of
December, A. D. 1977.
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~ My commission expir~s : ~Notary P ic = ' ~
~ State of Florida at~_~.arge ~ . '
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~ ~ NoWry P~CI:c, Sto~t oi ~b~+da 6} t`~'~
~ My Cow~iasiow Eapr~s Ay~N 14.~9~.' • • , .
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