HomeMy WebLinkAbout0124 aied shal~ prr~urm, cun~ply u~itl~ an~ a6ide 6y racl~ an~ Nvery thP agreements, atipu~atioru, condilions and
conenanls thertK?J, and oJ this mortgps~e, Ihpn this morfgagp and 1he eslale l~e?e6y ~ated, ai~all cease, ds-
le~mine an~~ I.P null and ~~oid.
.
Tin~ fhP morfgagor ~~e?~•tiy (u~ltie~ covenonls an~ agreet to poy promplly when due fhe prtncipal nnd
tnterpsl an~ ul~~pr sums o~ money provi~Ie~ Jor in said notp and lhtt mo~lgage, o~ either; fo pay a~~ nnd
stnflular the fa.res, assPSSmenfs, IPt'IPS. 1ia6ililips, o6lif~a~io~u, and encumbrnncea oj every nature on satd pro-
pPrly; fo permil, commil or sufJe~ no wasle, impai?menf or deterioralion of sait~ ~unt~ o~ fhe tmprovemenb
IhPrnon ~t any lim~: 10 ~PPn I~IP hidldin~s nou~ o~ hprea~t~r on said land Jully i~surpd in a sum o~ not less
Ihan full insurable value
Fn a company o~ companiPS ~erppf~6le to ~hp mo?tga~ee, the policy or policies to 6e I~pld 6y, and payn6le ~
fo, sai~ mort~a,yeP. anc~ in f~p evenf any sum o( money becomes pnya6le ~y vi~fue o{ suc% inaurance !~e
morfgagep s{~a~~ tiane fhe rigtil lo receine and apply ll~e same lo fke inde6tednesa here6y secu?cd, nccounfing
fo t~~~ mortgagor ~or any surpltts; to pay a~~ cosfs, charges, and expenses, inc~uc~ing ~nwye~ i fees and Itt~
search~s, reasonab~y incur?e~ or paid 6y Ihe mo~fgagee tiecntue o~ fhe ~ni~ure of fhe ~orlgagor to promptly
and JuIIy comply u~if{~ tl~e agrepmenls, sfipu~fions, con~itions ancf co~~enants oj said nofe ane~ Ihis mortgoge.
or e•it?~pr: to pprJorm, comply u~ith antl a6ide by each ancl e~ery the agreemenfa, slipulations, eondilions and
coi~Pnanls sef forl~ in sai~ nole and ltiis mortgnge or eiff~e~. ~n ftie rt~ent ftie morlgagor ~ai~.t to poy when
due any la.r, asspssm~nf, insuranrp prpmium or oftier stim oJ money paya~~e by virfue oj saic~ note ant~ t~is
n~orfgape, or eil~~er, f~~p morlgn~ep may pay fhe same, wifhout wniving or af~ecting f~e option to ~orec~ose
or nny ofh~r riqlit 1u~rv~u~d~r, and all sach paymenls s1~aII bear Fnferest ~rom date tl~ereo) at Ihe f~igl~esf lau~-
(u~ mte Il~en a~loioecl 6y fl~e la~ns o( thp Stafe oJ Fl~~da.
"~l any sum o~ mon~v ~~~rein re~prrec~ io he nof prompf~y paid wifhin ten ~1~~ ~nys next a~fer
Ih~ sa?n~ 6M-omes due, or i f ea~1~ arul ~very 1{ie o~reempnfs, stipulations. ron~lifions ancl coi~enants o~ said
note ~nd f{~is morf~~~gi~, or ~idier, are not ~ully perJormpd, complied wit~? an~l a6~ded 6y, then f~e enfire
. sum mPnlion~d in said nol~, and this morfc~age, or t1~e entire 6a~ance unpnid Ihereon,_ sl~a~~ )orthweih or
t{~ereaJler, nt fh~ oplion oj f~e morf~a~~~. 6~com~ and 6e c~ue and payable, anyf~ing in saic~ note or herein
fo itiF conlrary nohoif~~slan~ing. ~'ai~ure ~~y 1{ie moriflagee fo exercise any o( fhe righfs or options tierein
prori~~E~~ sha~~ nol consfilulr a ~v~i~~~r oj any riry~ls or opfions un~er sai~ nofp or lhis mortgage accrued or
1~~~rea~f~r ac-cniing.
~~LI{L~7~7 ~YUhereof ~~IP S(i(f~ morf_ ~yor ~IQS I~Prnunfo Slf~I1P(1 QR~ SPp~P~ ~RPSF r--3~ • l~:r_ ! _
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(~Dy 1i11(I y~•n? JIlS~ O~?OI'P u~rillen. ~
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I STATE UF FLORIn:1, ~ ~
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~ COi'\7~1' t ~F $t . Lucie `
I liEREBY CERTIFl' that on this Jay, brtor~ me, an
' n((ic~r d~~l~• au~hori~~d in the Statr a[oresaid and in the County aforrsaid to takr aiknowl~dqme•nts, persnnally apptar~d
i
; DOYLE GEAN McPEAK and PRISALLA Y. McPEAK, his wife,
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~ to m~• knu~+•n t~~ tx• the• p~~rson $ descril~e~d in and who execut~d the for~eoin¢ instrum~nt and they acknowledqed
}~:fon• ~n~• that they rx~cuted the same.
~I \~'1~ \F.SS m}- h;+nd and of(i~ial seal in th~• (:ounh• and Stat~• last aforesaid _his ZSt da~- of ~
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~ NOVeIDUer D- 19 7H.
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I~otary Public , State , f Florida ,
at Large. ~ ~
Ep My Commission E~ires • - -
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