HomeMy WebLinkAbout0073 an~ shaU perjorm, comp~y u~ifh anc~ a~ic~e? ~y euc~ an~ ei~ery f~e agreements, stipulafion's, conditZona urtd
co~~enanls 1{~e~ea(, anc~ of 1/iis morf{~aqe, l~en I~is morfgage und 1he estate he.~by crratec~, s{~al~ cnase, de-
fermine nnd be nu~I an~r ~.~~~r.
~n~ I~P morfgn{~or /ier~~by ~urt~er covertants and agrees to pny promptly when due the prtncipal and
infe?rsl ancl of~~er sums o( money provi~ec~ for in saicl note and fhFs ~reortgage, or eill~er; to pay a~~ and
aingular Ihe 1a.res, assc~ssments, ~euies, lia6ilities, obligations. ond encum6rances of every nalure on aaid pro-
pe?fy; fo pe~mif, corremil or s[ef~pr no u~aslP, impairmer~i or c~eteriornfion o~ saic~ ~and or fhe improvementt
tl~erec~i a! any lia~p; to kPPp IhP buildin~s nou• or herea)!~r on ~~~d la~d (ully insured in a sum oJ not less
thon-----------------------------full insurable value----------------------------
in n company or cnmpanies ncceplable to 11~~ mortg4gee, the po~icy or policies to 6e held 6y, und paya6le
to, snic~ morlga~ee, an~ in 1~~p event any sum of money 6ecomes ~,yn6[~ 6y virtue of such insurance the
morf~ag~e s{eall h~i~e ih~ right to r~ceive and upply IF~e same to the indebtedness {~ere6y secured, accounting
. to f{~e mo?fga~or ~or any surp~us: fo pay u~l costs, c~arges, anc~ expenses, inclu~ing ~awyer~s jees anc~ tttle
searc~es, reasona~~~y incurrec~ or pnic~ ~y ihP morfgag~e because o~ ftie ~ailure o~ ftip r?iorlgaQor !o promptly
antl ~u1ly c~omply iuit~ (~e agreemen(s, stipu~alions, c~on~ifions anc~ covena~ts o~ sait~ note an~ this mortguge.
or either; to per~orm, comp~y u~ifti ancl abide by eoc{e ancl every thP ngreemenis, stipulations, condilions and
covenanfs sel forth e~~ saicj note? und f~is mortgoge or either. ~n !he euenf the mortgagor ~ai~s fo pay when
dae any ~ax, nssPSSment, insurnnce premium or of~er sum oj money payab~e by ~~irtue of saic~ nole ant~ this
mortgage. or eifher, ttip mortgagee may p~y Ihe same, wit{eout u~aiving or ajlecfing the optiort lo Jorec(ose
or any oi~er ri~~h! h~+reuncler, ancl aII such paymenls s{~aII 6ear interest (rom dnte thereo) at t{~e highes! ~nw- ~
(ul rnte th~n allou~ed 1?y 11~~ lnu~s of Ih~ State oJ 1=~orida.
Dl a?~y sum o~ monc~v'i~rvin re(Prrec~ fo E~e not prompl~y paid withinthirty (3~~ ~ays nexf n~ter
t{~e snm~ I~~comi>s t~tte, or i~ e~ch ancl Pvpry Ihe agreemenfs, stipu~afions. conclitions and corenants oJ saitl
nole and f~is. morlf~aqe, or ~ith~r, are not ~u1ly perJormed, complied wit{~ and a6idecl 6y, then the entire
sum mentioned in said note, and t{~is mortgage, or fl~e entire balance unpai~ thereon, s6n11 (orthu~ith or
i~erea~ter, at fhe option oJ ll~e mortt~ngee, I~ecome and be due nnd payable, unything in said note or herein
to t~ie contra?V nofu~it~st~ntli?tg. I'ni~ur~ by i~~ morfga~ee tu exercise any o~ t~e righfs or options herein
proui~IPCI s~~all nol conslilute a trai~~Pr o~ ariy ri,yhts or opfions uncler saicl notP or t{eis mortgage accrued or
t~iereajl~r accruin~. ~
t
~n ~itness ~hereof '
~ llee said morfryaqor has jiPYPilRIO SIIjRP~ an~ seQle~I l~ese presenfs t1~e
c~ay a c~ year ~irst nhot~e «+ritfert. ~
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S gne sey~e ~an jSPI~ 'P!P (n.~fh pre nce o/: !
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_ STATE OF FLORIDA, ~ ~
COUhTY nF ST . LUCIE
I}IEREBY CERTIFY that on this day, beEorc me, :a
officer duly authoriz~d in the Stat~ afor~said and in the County afor~said to wkc acknowledgments, p~nomally appeared
LAWRENCE b. DRAKE b~ NANCY DRAKE, h/w .
to me known to lx the person S described in and who ex~cut~d the forcqoinq instrument and t~ey`_ ~ck~lcdsed
txforo me that they ~xccuted the same. ,
N'I'1'NESS my hand and o(ficial seal i~ the County and S~tatc last aforesaid - this 5'Ltl - day p(~
September A. D. 19 7$ ~ , . . ,r, _ -
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k:` ' G G~- / j rD
FILEO ANO RECORDEC ~-C ~
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ST. LUCIE COUNTT ~:4 - -
F0.^,cc Pc)~TaAS ~ ~ ~
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~ ~m~urr ~s`f~~ of ~rn~ ~r u~
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~ 41r ~O?~u.~55~ON ExF~RES N.Ar 3t, 1979
S~F I I I~ t H~ 1'! ~~~~RDGENENlU.(NS.CNIIE8Wt1(fEHS
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Th~ L~n,,,~~„~ p~p~,~d by: r~? . Arr~~A M. LO PRFSTI ~
men! rns pepi~eA bY: g
~~~^9~t T~:,e t f.f,~:rarr hnbee Rosd. Fort P'ierce, a '
l~rf~/rets I80~ ~E:~~. Fbrlda 3345p `
a= ~ rtecessary incidFr,! to thr. ta;l,;:;~ent ot and:iro:rs ourtWined ie a tiUe {
nwtance commitment is:ueQ Gy it. ~
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