HomeMy WebLinkAbout1485 and shall perform, comply with and abide by each and every the agreeme?tls, stipulations, conditions and ,
cot•enanfs Thereof, and of t{tis mortgage, then this mortgage and the estate hereby created, shall tense, de-
fermine and be null and ta,id.
Iin~ the morfga{tor hrroby further covenants and agrees to pay promptly when due the principal and
interest and alher sums of money provided for in said note and this mortgage, or either, fo pay all and
sirtgtrlar the faxes, nssessntt•rtfs, levies, liabilities, obligaliorts, and encumbrances of euery nature on said pro-
. petty; fa ps•rneif. commit or suffer no waste, impairment or deterioration of said land or the improvements
t{ternen of any time; to beep the buildings no?r or hereafter on said Iand fully insured in a sum of not lesa
than N/p
in a company or compartirs acceptable fo the mortgagee, the policy or policies fo 6e held by, and payable
to, said mortgagee, and in the et•ent any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right fo ret•eive and apply the snore !o the indebtedness hereby secured, accounting
fo the mortgagor for any strrpltrs; to pay all costs, charges, and expenses, including lau~yer~s fees and fide
searches, reaso?tal,ly irtt•t?rred or paid by the mortgagee bemuse of the failure of the mortgagor to promptly
and fully r•omf,ly with the agreemertfs, stiptrlafions, rortdifions and cot•enanls of said Hole and this mortgage,
or eillter; fo perform, comply u,ifl? and abide 6y each and euery the agreements, stipulations, conditions and
covenants set forth in said Hole and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment. insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or eillter. the morfga(tee may pay the same, without u?aiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear (nferesf from date thereof at the highest law-
ful rate then allowed 6y the laws of the SfafP of Florida. .
any sum of money herein referred fo be not promptly paid within thirty - days next after
~ 1he same heroines due, or if each and every the agreements. stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note. a?td this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of flte option of the mortgagee, become and be dire and payable, anything in said note or herein
to the contrary nofu•ifhslanrling. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not constitute n waiver nl any rights or options under said Hole or this mortgage accrued or
fl?ereafter arrruing.
~n ~iitness thereof, the said mortgagor has hereunto signed and sealed these presents the
~ dar aurl yertr Iirsl ohoee n•ritfr•n.
r Sig? ed, sealed and delivered it th ~ j,resvnre ~
~ ~ l
. • O L $NTF R S INC .
E , - - c A.-~-~~ _ - ~
~
~ _ _ _ _ _ ......8.- ~ ~ - s - .--tom
J.
STATE OF FLORIDA,
~ cOrxTV OF ST , LUCIE _
i I HEREBY CERTIFY that on this day, before me, an
~ officer duh• authorircd in the Stair aforesaid and in the County aforesaid to take acknowledgments, personally appeared
J.
1 ~ DEAN/MILAN President of Knob Hill Enterprises, Inc.
to mr knnw•n to br the person described in and who executed the forrgoirg instrument and he acknowledged
I„•(ar~• the that he executed the same.
~~'17 XF.SS my hand and official seal in the County and Stair last aforesaid this ~ Q ~ da)• of
~ March D. 19 79 . I
My Commission Expires:
i
IOt~ID>~,~,~ttftlalt~?+ t)?~L~YI'.1~~C~},~. ,s`
i - 4~
~ sArllilr /t11llC STA1T Os RAft{t]r? AT IIVIiC,E t
IA1I C'OMMtSSIOty E1ot1tES A1R . 1 )9 RI ~ ~ i; ~ ~ ; t•
ioroco nfrat vela t?~ ttNOEflwnl~ _ . -
~ %%rt I!/J/nNNfll/ pnFnrrJ hy:L. Lafferty
'j ~~lrlir_,c Lawyers Titie Ins . Corp . L• ~ytr ~4t~f 140 ~
P . 0 . Box 3845 SC,; , U
Fort Pierce, Fla. 33450