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HomeMy WebLinkAbout2171 and shall perform, rnmply with and nbide by Pach and every the agreements, slipulafioni, conditions and + ' covenants thereat, and of Ihis mortgage, then this mortgage and the estate hereby created, shall cease, de- lermtne and be null and twirl. Il<~ IItP mortgagor hereby further rnvenanls and agrees fo pay Promptly when due the principal and t?tternst a?td other sums of money provided for to said Hole and this mortgage, or either; to pay all and singular flip (a.CPS. assessmP?tts, levies, Itabililies, obligations, and encumbrances of every nature on Bald pro- ~ perfy; fo permit, commit or strjfer no tt~asfe, impairmertf or deterioration of said land or the improvements lherrcn at any limp: to {Ceep the huildings now or hereafter on said land jolly insured in a sum of not less than highest insurable value. in a company or companies acceptable fo the mortgagee, the policy or policies fo be held 6y, and payable t~t to, said ntortgngee, artd in the evert! arty sum of money becomes payable 6y virtue of such insurance the i morfgagPP shall ItatK~ the right fo receive and apply the same to the indebtedness hereby secured, accounting ~ to the mortgagor for any surplus: to pay all costs, charges,- and expenses, including lawyeri jeer and tiffs searches. rPaso?tably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly and fully comply wish the agreeme?tts, stipulations, conditions and covenants of said note and flits mortgage, or either: fo perform, comply wiflt and abide 6y each and every the ngreemenfs, stipulations, conditions and conenartls sPf forth in said rtofe and this mortgage or either. In the event the mortgagor jails fo pay when dt.e arty tar, assessmertf, instrrnnce premium or other strm of money payable 6y virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or ajfr*cling the option to foreclose or any other right hereunder, and all such payments shall bear Interest from date thereof at the highest lato- jul rnte then alloured by the tau/s of flip State of Florida. ~l arty sum of manPy hPrei?t referred to be not promptly paid within 1S days next njler the same hPCOmes due, or if each and every the agreements. stipulations. conditions and covenants of said note and tl?is mortgoye, or either, are not fully perfotT?ted. complied with and abided 6y, then the entire sum mentiortecl in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at flip option of the morfgagPP, become and 6P due and payable, anything in said note or herein to flip cantrary rtottvithsfandinq. Failt?rP I>y the mortgagee fo exercise any- of the rights or options herein providc~cl shall rtof constitute a waiver of any rights or options under said note or this mortgage accrued or therPOfter accruing. ~n ~itneSS ~hfCeof, tltP said morfgactor 11ac ItPrPt??tto SlrtnPd and sealed these presents the - daV alt?1 VPar IIr3t al?o1~P tl~rittP/I. Signed,, strdlPd and dPli,'wrcd in IhP prPSrncP of w ~ i ~s'.~~/ W.H. Baggett f - n E lyn Bagget E! _ . _ - - _ _ - - - - f 4 ~ STATE OF FLORIDA, ~ CO~~~TY c~F ST. LUCIE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared I t W.H. BAGGETT AND EVELYN BAGGETT, his wife to rn1• known to be the prrsorN described in and who executed the foregoing instrument and they acknowledged he(or,• me that they executed the same. i ~~"i"l \ESS my hand and official seal in thr County and State last aforesaid this 19th day of ~ March A. D. 19 79 t NOTARY PUBLIC: f~GQ..~- 1-_-- . MY CAMMISSION EXPIRE • irtQ • *17Y F A: ~?7ta/ry~,~f~u,,b~~H~e, State of Florida ` " j - ~i^'~ I~IT~ T I~y \r{AIY.raa.~?t ~iri..'~ ~ ~ i S • 1- S F f/~ c ~t1 s (`~i.1 h - 9 ' ~ i i C~cRK C~RC:;iT~COJni . %ir htunnnfnt p~~p:~r?•d hy: Sampson Brothers 3150 River Dr. do~~ 3U5 ~~~E 2167 •~'~c~rc=`-` Ft. Pierce, FL 33450