HomeMy WebLinkAbout2147 and shall perform, comply with and abide by each and every fits agreements, attpulalions. conditions and
covenants Thereof. and of ibis mortgage, then ibis mortgage and the estate hereby created, shall cease, de-
termine and 6e mull and twirl.
T11{{~ the tngrtgQgor hereby: f ut~iher covenants and agrees to pay promptly when due the principal and
interest and 'other suirist of money pt~vided for to said note and this mortgogs, or etthe?; to pay all and
singular the faxes, asseasmenls, levies. lia6lltties, obligations, and encumbrances of every nature on said pro-
perly; to permit, commit or suffer no waste, impatrmenl or deterio?ntion of said land or fhs improvements -
thereon of any time; fo keep the buildings now or hereafter on said land fully Insured in a sum of not leis
than x25,000.00 in wind and fire insurance on parcel iYl only.
to a company or companies acceptable to the mortgagee, the policy or polities to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money 6eeomes payable by virtue of such insuranq Ike
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
tti the mortgagor for any surplw: io pay all rnsb, charges, and expenses, including lawys?'s Ices .and title
searches, reasonably incurred or paid by the mortgagee- because of the tailors of the mortgagor to promptly
and jolly comply with the agreements, :tipubttons, conditions and couenanb of :aid note and this mortgage.
or either; fo perform, comply with and abide 6y each and every the ngreemsnts, stipulations, conditions and
covenants set forth in said note and ibis mortgage or eiiher. In the event the mortgagor f
aiit to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or eiiher, the mortgagee may pay the same. without waiving or affecting the option fo foreclose _
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest late-
,(ul rate then allowed by the laws of the State of Florida.
~f any sum o/ money herein ref
erred to 6e not promptly paid within 3Q days next after
the same becomes due, or if each and enery.the agreements, stipulations, conditions and covenants of said
note and ibis mortgage, or either, -are not fully performed, complied with ~nnd abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, nt the option of the mortgagee, become and 6e due and payable, nnyihfng In said note or herein
to the. contrary nofwifhsfnnding. Failure 6y the mortgagee to exercise any of the rights or options herein
. provided shall not constitute a waiver of any rights or options under said note o? This mortgage accrued or
fherea f ter accruing. •
~n ~till~ ~~~f, the said mortgagor has hereunto signed and sealed these presents the
day and year tint above written..
Signed, sal ' +~d-~~ered in the presence of
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STATE OF FLORIDA,
~ cot,:wTY of St .Lucie
- I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Stair aforesaid anti in the County aforesaid to take acknowledgments, personally appeared
Lionel Johnson and Mary Lee Johnson
to me tnown to be the persons described in and who executed the forcgoin~q instrument and they acknowledged
I
before mr that there:ecuted the same. ~
~~'ITtiESS m hand and official seal in the Count and State last aforesaid this day of
Y Y latr•''•'.•n~••„ly
_ l ~V.~.y I'J l
February A. D. l9 79 ; S - • : • " ,
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