HomeMy WebLinkAbout2588 and shall perform, comply with and abide 6y each and Peery the agreemtnts, stipulations, conditions and
carrnanfs thereof, and aj this mortgage, then this mortgage and the estate hereby created, shall cease, de- j
IPrm111P and bP null and void.
><in~ IhP mortgagor hemhy further covenants and agrees to pay promptly when due the principal and
ir?tPresl a?td tither sums of money provided for to said note and flits mortgage, or either: fo pay all and ~
st?tgular slip lazes, assessntP?tts, let+iPS, liabilities, obligations, and encumbrances of revery nature on said pro-
perty: fo permit. commit or suffer no waste, impairme?it or dPleriorolion of said land or the improvements
IhPfe(`n at any limp: to lrPep IhP buildings Hour or hernaf ter o?? said land fully insured in n sum of not less
than nil ~ ~
in a company orcompanies acceptable fo IhP morlgagPP, the policy or policies to 6e held 6y, and payable
to, said morfgaftee, artd in IhP Pt+P?tt any sum of money becomes payable 6y virtue of stuh insurance the
mortgagee S?lall hat+P the right to receive and apply the snore to the Indebtedness hereby sectued, accounting
fo IhP ntorfgagar for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by slip mortgagee 6ecat?se of the failure of the mortgagor to promptly ~
and fully comply a+ith slip agreements, stipulations, conditions (Ind covenants of said note and this mortgage.
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
cot+P?ta?tfs set forth in said note and this mor/gage or either, In the elrenf the mortgagor fait to pay u+hen
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, urithout waiving or afjecttng the option to foreclose
or any oIIIPr riftht hPrettnder, and all such payments shall bear interest from date thereof nt the highest law-
jl/l Mle (hen allolt+ell bV flip 1a 11rS Of slip Slate Of F'loridQ. -
iL any sum of money herein referred t0 be not pmmplly paid within 30 .days next niter
1hP same becomes dtte, or iJ each and Pt+ery the agreements, stipulations. conditions and covenants of said
note arlrl This, mortgage, or either, are rtof fully performed, complied with -and abided 6y, then the entire
sum mertlioned in said note, and this mortgage, or the entire balance unpaid Thereon, shall forthwith or
Thereafter, at flip optio?t of the morlgagPP, becORIP and be due and payable, anything in said note or herein ~ ,
to IhP contrary nohvilhstanding. f'ailurP by the mortgagee to exercise any of the rights or options herein 4
provided shall not constitute a u+aiver of any rights or options under said note or this mortgage accrued or ~
IhereaflPr accruing.
~n ~itneSS thereof, slip said mortyagor ?~as hPrettnto signed and sealed These presents the
day and year first above a+rilten.
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Sfgr le~ nd d were 1 in 1hP presence of
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RO IE E P i"~ -
/ / L'iNDA S . PARKS
t
~ STATE OF FLORIDA, i
Cc?l'\TY (tF St. Lucie `
I HEREBY CERTIFY that on this day. before me, an
offire•r duly- authorised in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
BONNIE E. PARKS and LINDA S. PARKS, his wife,
- to me known to lx the person t3 described in and who ezerutcd the foregoing instrument and whU acknowledged
Iu~fore me that thep executed the same.
~~'17'\ESS my hand and official seal in the County and State last aforesaid this 16th day of
Jznuary A- D. !979.
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