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HomeMy WebLinkAbout2458 - ~ - i and shall per/orm, comply with and abide 6y each and every fhs agreements, sfipulafiona, conditions and covenants the?eo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- (ermine and be null and void. the mortgagor hereby further covenants and agraea fo pay promptly when due the principal and interest and other sums of money provided for in snid note and (his mortgage. or either; to pay all and singular the faxes, assessments, levies, liabilities, o6ltgatIons, and encumbrances of every nature on said pro- perty; to permit, commit or suf jer no waste, impairment or deterioration o) said land or the improvements thereon of any time; to deep the buildings now or hereafter on said Innd fully insured in a sum of not less than in a company or companies acceptable to the mortgagee; the policy or policies to 6e held 6y, and payable to, said mortgagee, and to the event any sum o/ money becomes payable 6y virtue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for nny surplus: to pay all costs, charges, and expenses, including lawyers fees and title searches, reasonably incurred or paid by the mortgagee because o/ the fniltue of the mortgagor fo promptly slid (ally comply with the agreements. stipulations, conditions and covenants of said note and this mortgage, or either; 1o perform, comply with and abide 6y each and every the agreements, stipulations, rnndifions and covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due nny fax, assessment, insurance premium or other sum of money payable by virtue of said note and this ~ . mortgage, or either, the mortgagee may pay the same, without waiving or of feeling the option to foreclose or any other right hereunder, and all such payments shall bear interes! Jrom date thereof at the highest Iaw- f ul rate then allowed by the laws of the State of Florida. ~L nny sum of money herein referred to be not promptly paid within thirty days next a)ter I the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not (ally performed, complied with and abided 6y, then the entire sum mentioned in snid note, and this mortgage, or the entire balance unpaid thereon, shall forthtuith or thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or• herein to the contrary notwithstanding. 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 or this mortgage accrued or thereafter accruing. ~ t'. s ~ . i t -T 11 , 1 ~ L I F = SCj~[rpRATE ~n ~ltlleSS ~IKLLO` the mortgagor has caused Ihese presents fo ' .~'~'J4;2 : ~ : S7:AL) be executed in ifs name. and its corporate seal to 6e hereunto affixed, by its E ( ~ proper officers thereunto duly authorized, the day and year first above written. li ~ ATTEST:_~'~ ._Indian__River.Gardens, Inc. SH r.lary i Signed, sealed an dPllUerPd IR the prPSPIICe Of f l ~ ~ Ry. - - ~ I - , James C. Smith, Sr. Preaidtnt l i' ~ i Mate of Florida ~OUflttJ Of St. Lucie i i; 1 HEREBY CERTIFY that on this doy. ht(ort mr. °n of~icer duly awhoriud in the St°te orvl County olonnaid to toht ocLnou~ledg- .ntnts. perso:udly °ppe°rtd JAMES C. SMITH and PAULINE E~. SMITH i u•tll irnou•n t° .nt t° tht Pr.sidtnt °n.l Secretary n.sa.-tirYty of the ro.po.°,i«~ n°,nta . mwtgago? in fht ~wlgoing instrument. and that thty srnerally acLnou~ledges~ fsecutin Iht some, in the g pnsenn o/ law subscribing unfnesxs. freely and rwlunlordy uruler aulhwity duly celled in Ihtm by sold corporation and Ihot tht staff o~~iued lhenlo is the tr,.t cwrpnrate slot of - ry _ said corporation. wrrvESS my hand and a~prial =<at in tht County and state last °lon<,°id this 23rd day o/ March , +f _ . _ ~ ~ - .x:38645 " i~ ~ - t7~ Z7 ~1 9 QZ NOTARY P BLIC ~ ~ = to' ~ ~ My commission expix!~s rr" 3 " ~ 'i " 3 : G I~ <„~,>7,~~'r~s~'~~~~~`~''~~~~~ ~~~.3U5 ~at~E~453 "''~--r,,,:=.~ i~ i ~ ~.~ri .n try . j~:"1 f10. 2(I~ „~T~.. .