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HomeMy WebLinkAbout2506 and shall perform, comply u+ilh and abide by each and every the ng?eemenls, attpulattoni, conditions and cot+enants thereof, a?td of this mortpape, then this mortpnpe and the estate hereby c?eated, shall cease, de- termine and be null and troid. ~nd the mortgagor hereby further cot+enanfs and agrees fo pay promptly when due Ihs principal and interest and ether sums of mo?tey provided for in said note and this mortgage, or either; fo pay all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nnlure on said pro- periy: fo permit, commit or silt ter rto waste, impairment or deteriorotion of said land or the improvements • Iher+ecn al n?ty time; fo deep the buildings now or hereafter on said land fully instead in a sum of not less than ~e•r.r•.,...-r..---Ru17, ~.nsurable value-------------------------------- i?t a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such tnstuance the mortgagee shall have. the right to receit+e and apply the same to the indebtedness hereby sectued, accounting fo the morfgapor for any surplus; fo pay all costs, charges, and expenses, Including lawyers fees and ttfle searches, reaso?tably i?tct/rred or paid by the mortgagee because of the failure of the mortgagor to promptly and jolly comply u+ifh the agreements, stipulations, conditions and covenants of said note and this mortgage. or either; fo perform, comply with and abide by each and every the agreements, sfipulntiora, conditions and cot+ertartts set forth in said note and this mortgage or either. In the event the mortgagor f ails to pay when due any lo.r, assessment, insuran(r premium or other sum o/ money payable by virtue of said nose and this mortgage, or either, the mo?lgapee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof of the highest Inw- ~ul rate then allow+e/l by the laws o) the Slate of Florida. ~L arty sum of money ltereirt re%rred to be not promptly paid within flfteeIl (15) (jays next after the same I?PfOmeS (lire, or if each avid Avery 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, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortpnpee, become and be due and payable, anything in said note or herein fo the contrary noftr+ifllstartdi?tg. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute n waiver of any rights or options under said Hole or this mortgage accrued or thereafter nccrtring. ~n ~t~~SS ~~Of, the said mortgagor has Iterntrnto signed and sealed these presents the day and year first above a+riflen. Signed, sealed and delivered in the presence Of : _ RU55ELL K-~~ URD; ~ I _ _ _ ~ _ _ ...5 ' l ~ A CY BU e r STATE OF FLORIDA, l COCITY OF ST. LUCIE. I HEREBY CERTIFY that on this day, before me, an officer dufr• authorized in the Statc aforesaid and in the County aforesaid to take acknowfedgmenu, personally appeared RUSSELL K. BURD, II, and NANCY S. BURR, his wife, to me known to be the pI•rso(S dexribed in and who executed the foreQoinq Instrument and ~1/ acknowledged before me that they executed the same. N'I"1'\ESS my hand and official seal in the County and_ State last aforesaid this 26th day of March, A. D. t9 79. P'1 i' tf ~ ~ ~ _ ~ - FI~=.D ;•':i? R~CORDED~ Notary Pu ic, State of Florida at L rge. _ ~ _ - _ ~°~U':TY FLA.' My commission expires. - CLERK C{RCvIT CD'J~tT _ This l~u~nuurttt p?rpnrr-J hy: ~?+is i?tSTRl+11Er.T PQECARED B`~' / t;ERALD 5. fF,"DES, ATTY, ~ P ` ,1 Jdir ss v ~:1;: 3089 9 r e ~~5r'' Cf ~5~1 FOR7 PIEk~-. : L~RIDA 33450 ,~~-~;tio