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HomeMy WebLinkAbout1666 and shall pe?farm, comply with and abide by each and every the agreements, stipulations, conditions and covenants thereof. and of this mortgage, then this mortgage and flte eitafe hereby c?saied, shall cease, de- termine and 6e null and void. . the mortgagor hen~by further cownanb and agrees to pay promptly when dw the principal and interest and other sums of money provided for in said note and this mo?tgags, or either: to ~pcty all and singular the taxes, assessments, levies. linbilJNes, obligafia?u, and incumbrances of every nature on said pro- perty: to permit. commit or suf f it no tvasft, impaintttrtt or deterioration of said land or the improwmenb thereon at any tame; to Iteep the buildings now or kerra(fer on sold land fully insu?ed to a sum of not leas than the principal balance due under this Inortg~~e in o company or companies acceptable to the mortgage.. the policy or po es to 6. held 6y. and payable to. said mortgagee, and to tht even! any sum.of money beeotnes payable. 6y virtw of such insurance the mortgagee shall haw the right to reeeiw and apply the same to the indebtedness hereby second. accounting to the mortgagor for any sttrplw: to pay all awls. charges, and expenses. including lawyer's fees and title searches. reasonably incurred or paid 6y the mortgagee because of the failuro of the mortgagor to promptly and Dully comply wUh the agrsemenb, stipulations, cortditio.es and eownants of said note and this mortgage. or either; to perform, comply with and abide by each and ev~?y the agreements. stipulations. conditions and rnvenants set forth 'in said note and this mortgage w either. In the event the mortgagor fails to pay when due any tax. assessment, iruuranee premium or other sum 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 all such poynwnts shall bear interest from date lheraof at the highest law- (uI rate then ulbwed by the laws of the State of Florida. any sum o/ money herein ref etTed to 6e rtof promptly paid within 15 days next after the same becomes due, or if each and every the agreements. stipulations. conditions rend cowrtnreb of said note and this mortgage, or either. are not f uUy performed, complied with sand abided by. then the entire sum mentioned in said note, and this mortgage. or the entire balanes unpaid therwon, shall forthwith or ther+eaf ter, at the option of the mortgagee. become and 6e due and payable, anything in said note or herein fo the rnnfrnry notwithstanding. Failure by the mortgagee to exenclse any of the rights a options herein provided shall not constitute a waiver of any rights or options under sold note a this mortgage accrued or (hereafter acrnting. ~n ~tne~S ~h~reof, the said mortgagor hw hereunto signed and sealed these presents the_ day and year tint above written. ~ ~ Signefl~ s an /d in the presence of . Morz~"s G~~es Anna Gates C f STATE OF FLORIDA, g covNTY of ST. LUCIE I HEREDY CERTIFY that on this day. before mc. as officer duly authorised in the Stan aforesaid and is the County altxesaid to take ackaowkdgmenes, persoaaUy appeared MORRIS GATES .and ANNA GATES, his wife, to me known to be the persons described is and rrho executed the forcaoir~ instrument and they ackno~?kdscd before m< that theyexecuced the same. WITNESS my hand and official seal io the County and State last aforesaid this dal ~ February A. D. 19 79 , r ~ ~ c'LcD l.tJO RECORDED _ _ - ~ rCU~tT~ _~I_fs. otary Publi tateJ o~ ~FoiidA. 4~~~6~ at Large . My Commission E~,~~f. S;a;s e!~~k:~ nt t ;s '79 FEi3 19 PM I : 5 I q4g ur ttassan ~ . - ' I7iu hu/rrmu»t prrparrrl by: - Ad~lrrxr J. MICHAEL BRENNAN - g0ox 715 DELAWARE AVENUE WV FORT PIERCE, FL 33450 ~ - _ ~~b ~ _ - _ d~ ~ = 4•