HomeMy WebLinkAbout1125 and shall perform, comply with oral abide 6y each and etrory the agreements, tifipulafions. cortdiftorts and
covenants thereof, and of t?tts mortgage, then this mortgage and the estate heroby created, shall cease. de-
termine and 6e null and void.
the mortgagor Newby further rnuertanis and agrees to pay promptly when dw the principal and
interest and other sums of money provided fo? to said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies. liabilities. obligations, and encumbrancYS of every nalur+e on said pro-
perty: to permit, commit or suffer no wrote. impairmen! or deterioration of said land or fhs improvements
thereon at any time; to beep the buildings now or hereof
ter on said land fully Insured to n sum of rent less
than FIVE THOUSAND NINE HUNDRED EIGHTY SIX AND---80/100-------------
tn a rnmpany or companies acceptable to the mortgagee, the policy or policies to be held 6y: and payable
to, said mortgagee, and to the event any sum of money becomee payable 6y virtw of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured. atxounttrtg
to the mortgngo? for any stuplw: fo pay all costs. charges, and expenses. including lawyers fees and Ittle
searches, reasonably incttrred or paid by the mortgagee beeawe of the fatltu+e aj the mortgagor to promptly
and fully comply with the agreements, sfipulntioru, conditions and eovenanb of said note and this mortgage, .
or either; to perform, comply with and abide by each and every the agreemenU, stipulations, conditions and
cot+ertants eel forth to said note and this mortgage or either. In thi event the mortgagor jails to pay when
dw any tax, assessmnnf, insurance promitun or other stun of money paya64 6y virtw of said note and this
mortgage, or either. the mortgagee may pay the same. without uratving or ajjecting the option b jorecbse .
or any other right hereunder, and all such payments shall bear interest from date thereof at the htghes! law-
f ul rate then allowed by the laws of the State of Florida.
any sum of money herein ref
erred to be rtol promptly paid within Ten daps next of ter
the same becomes due, or ij each'and every the agreements, stipulntions.._eondttions and eownnnts 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 thereon, shall forthwith or
thereafter, at the option of the mortgagee, 6ernme and 6e due and payable, anything in said note or heroin
to the contrary. notwithstanding. Failure by the mortgagee to exer+ciss 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
(hereafter accruing. "
~n ~lulQ3S ~~~f, the said mortgagor has hereunto signed and sealed these presents the
day and year tint above written. "
Signed/,`~sea~led and delivered in t presence of: -
Thomas E . King
.c.~ -
.
L"
E
STATE OF FLORIDA.
COG*NTY OF S{ ~ Lucie
i HEREBY CERTIFY that on this day, before rne, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, penonalfy appeared
Thomas E . King ~ -
to me known to be the person described in and who executed the foregoing instrument and }le acknowledged
~ before me that ]fie executed the ume.
! WITI\ESS my hand and officio) seal in the County and State last aforesaid thu 13th day ~
February A. D. 1979
. _ . "
i'~ `~i~ . ~
i
FlLE~J .:l1D RECORDED ~
_
- _~Ct~.. ±,~?UNTY, FLA. r~~ota~. y~ ~ i
a 434142 t h x. ~ -f:~~
" "
TLis Irutnuneiri pre-pmrn' hy: Shirley j. McSwain _
`~,/rOn-cr First National Bank of Fort Pierce SOCK e)U~ PI{CE1~24
t Post Office Box 970 ~ t
Fort Pierce, Florida 33450
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