HomeMy WebLinkAbout0519 and shall perform. rnmply with and abide 6y each and every the agrwments. stipulalloris. eonditioru and
covenants thereof, and of .this mortgage, then this mortgage and the estate herby grated, shall vease. de-
twmina and be null and void.
7U~It the mortgagor Newby further covenants and agroes to pay promptly when dw the principal and
Interest and other sums of money provided for to said note and this mortgage, or either: to par all and
singular the taxes, assessments, levies, liabilities. obligations. and encuntbronees of every nature on said pro-
perty: to permit, rnmmit or suffer no waste. impairment or deterioration of said Ia?td or the Improvements
Iher+ecn at any time; to beep the buildings now or hereafter on said land fully insured to a sum of not less _
than highest insurable val>,le theFaaf
in a rnmpany or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and parable
ta, said mortgagee, and in the event any sum of money 6ecomss payable br virtue bf such insurance the
mortgagee shall have the right to receive and apply Ike same to the indebtedness hereby secured, necounttng
to the mortgagor for any surpltts; to pay all cost:, charges, and expenses, including lawyer's fees and title
searches, reasonably inctured or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations. conditions and covenants of sold note and this mortgage,
or either; to perform, comply with and abide 6y each and every the agreements. sttpubtlons, cortditlons and
rnvenants set' f
orth in said note and this mortgage or either. In the event the mortgagor falls to pay when
due any tax, assessment, Insurance premium or other stun of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same. without waiving or affecting the option to foreclose
or any other right hereunder, and alI such payments shall bear Interest from date thereof at the highest Iaw-
f ul rate then allowed by the bws of the State of Florida.
~l any sum of money herein re)erred to be not promptly paid within ten. days next after
tltp ~....to bc?•_Y+mps due, or if each and every the agreements, stipulations, rnnditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage,~or the entire balance unpaid ihe?+eon, shall forthwith or
thereof
ter, at tho option of the mortgagee, become and 6e due and payable, anything In said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n whereof, the said mortgagor has hereunto signed and sealed. these presents the
day and year first above wriNen.
n ~
Si sealed and deliv red in the. presence of : ~ i
ands S. Reeves.
STATE OF FLORIDA,
~ cou:vTY of ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesa;d to take acknowledgments, personally appeared
Wanda S. Reeves, a married adult
to me known to be the person described in and who executed the foregoing instrument and She acknowledged }
before me that She executed the same. I
WI"1NESS my hand and offiDcial seal in the County and State last aforesaid this ~~/lt~GLi day of
ttR
C f;, y~
.
. ,
~
3 ~ ~ ~ NOTARY PUBLIC, State of Florida
.•e: i n
. ~ : at Large .
_ y E=1LED ;~l~ RECORDED
_ _Y ~ , ~ ~ . U~iTY. FLA• My commission expires : ~7~ ~y
~ • a ' ` ~ ..1,50
-r~..., rr, 21 ~M ~ : 5 0
r '78 D r~
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• 60otc t~W PaGE 519
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