HomeMy WebLinkAbout0051 and thall per(o~m. ~omply u~ilh and a6lde by ench and ei~ery ti~e ag?~emanti, af~pulaltoni, condilions cnd
rnoe~anta the?eoJ, and oJ this mortpas~A, tl~en fhu mort~a~e and tl~e eatate 1~l..6r cYwated, sha!! rnnse, d~-
te?mine ~ncJ ~e nu~~ an~ troi~.
~i1Ni ttie morfflo~o~ f~Pn~6y ~wl~e~ covenunls and agrees lo pay promptly when due 1he principa! and
lnter+esl and othe? sums of money provide~I jor In aoicl note and t1~it mortgage, o~ etther: to pny a~~ and
singu~a~ t~ie faxea, assessmenfs, le~tes. ~tabl~Ilies, ob~tflaliorts, unc~ encumb?nnces o~ ei~ery nafun on ratd p?o- _
pe~ty; fo permlt, comrnif or sul~er no wa~le. Impqirmenf or ~efertoration o~ saic~ land or fke tmproi~cmenfa
ther+ecn at any lime; lo keep Il~e.buildingt nou~.or l~erpajl~r on said land /ully insured in a aum oj not Ie:s
than highest insurab le interest ~
in a company or companies accepta6le to Ihe mortgapee, Il~e pollcy o~ poltciea to be held 6y, nnd paynble
to, satd moNga~ee, and in the eveni any sum oj money becomes poya6l~ by virtue o) such inaurance tl~e
morfgagee SIIAII I1OI~P ftie right fo receive and apply Ike same !0 1he inde6fedness here6y securecl, aceounfing
fo f~e morfgagor ~or uny s~uplus: !o pny a~~ cosfs, charges, and expen:es. ine~ucling jewyer~s ~ees antl lif~e
aearc~es, reasona6ly incia?ed o~ paid 6y 1{~e morlgagee ~AUJp o~ f~e ~ailure'of I~e morfgugor fo prompf~y
anc~ ju~~y comp~y wilh _fhe agreemenls, stipu~afions, conc~itions and rnue~anfs o~ saic~ note anc~ i~ts mortguga,
or eifher; to per(o?m, comply with and n61de by eacti and eyery Ihe agreements, stipu~ntions, oonditions and
y_ ~ covenanfs aef /orth in said note and thts mortgage or either. ?n the rvent lhe mortgagor /ails Io pay when
w~ due arey tax, assessment, insuran~e premium or other sum oJ ~o~ey ~ya6l~ 6y virtue of said nota ~d eht,
mortgoge, or PI~~PI, 1{~e mortgagpe mny pay f/~e same, wtt~out wai~ing or aj~ecfing. the option to (orec~oss
or any ot~e~ rtg/~t ~erPUne~er, anc~ a~~ suc~ payments shall 6eur interest (rom date fhereo~ at !tie ~ig/~est ~aw-
- ~ul rate Ihen allowed by fb~ laws oj the Stafe of Flo?ida.
ll any sunt o( mon~y F~erein re~errec~ to 6e not prompt~y paic~ w~~ht~ ten (10 ) day: next af ter
the same becomes due, or ij eacle and ei~ery Ihe agreemenfs, slipulntions, conditions and covenants oj suid
note nnd 1{~is moriga~e, or eitF~e~, are not Jully per~ormed. ~o~Pi~ed witF~ and a6~ded 6y, then !he enfire
sum menli4ned in said note, and tl~is morfgage, or the entiie bnlance unpaid tl~ereon, s1~nU jorthwit?~ or
f~ereafter, af the opfion o~ f~e morlgagee, become nnc~ be d~ and ~ya6l~, artyftiing in snid note or {~eretn
to ftie confrnry nofu?ifhslancri~g. Failurp hy 1{~e martgagee to exerrise an-+ o~ f~e rig~ts o~ opfions ~erein
pro~~ided s~al~ nol constifute a. wainer of any rig~fs or options unc~er saic~ note or t~is mortgage acctued . or
t{~erea~fer accruing.
` ~n ~~~il~ ~~~1~ tl~e said mortgagor hna I~errunlo si~ned and sealecl these presents t{~e
c~ay anc~ year ~irst aboi~e u+riffen. ~
Signed, sea~ed nntl tleli~~precl in tF~e presence o):
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. - --~---Morg -
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il `an Morgan
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~ STATE OF ~i~ NORTH CAROLINA ~
~ COUITY OF Richmond ~
~ I HEREBY CERTIEY that on this day, before me, an
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officer duly authorized in the Statc a(orcsaid and in the County afor~said to tak~ acknowledgments, p~nonally appeared 3
J. D. Morgan and Lillian Morgan, his wife, ~
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to me known to ix the penon g descn'bed in and who ezecut~d tbe loreqoinq instrument and they acknowkdaed
tx(orc me- that they ~xccuted the same. ~
N'I1:YESS my hand arxl of(icial seai in thc County and Stat~ last a(oresaid this ~ day o(
April A. D. 19 78 • ~
~ THIS INSTRUMENT PREPARED BY:
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~ Emory C. Teel, III, Esquire . . . . . .
; NOtiar'y.. li_ .i. ~
~ FEE, ROBLEGARD & TEEL, P. A. ~x~~~~ ~~~~Z~~ ~~j
~ 121~Orange Avenue .
~ Fort Pierce, FL 33450 My commission expires.s S,?~
~ Ststs at Ha~th Caralfas ~ ~
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~ O~t G~'N O~Mj~ F~ t''~-- ~
~ BDilli~ ~ ~ Sj
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~ Tl~u I,w„~,~,~„~ p~rp~md by: y t5 a 9 3 Q~ ' ~
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