HomeMy WebLinkAbout2576 and shall perform, comply with and abide 6y each and every the agreements, :tipulatio?is, conditions and
covenants thereof, and of this morfgape, then this mortgage and the estate heroby created. shall cease, de-
termine and 6e null and twirl.
~d the mortgagor hereby further covenants and agrees to pay promptly when due tits principal and
irrferest and other sums of money provided for in Bald note and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabililtes, obligations. and encumbrancea of every nature on said pro-
perty: fo permit. commit or sttjfer no waste, impairme~f or deteriorolion of sold land or the improvements
thereon al arty time; to keep the buildings now or hereof ter on said land fully Insured in a sum of not less
than
in a company or rnmparties acceptable to the mortgagee, the policy or policies to bs held 6y, and payable
fo, said mortgagee, and in the event any sum of money becomes payable by virtue of such tnstuance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all rnsts, charges, and expenses. including lawyers fees and title
searches, reasonably incurred or paid 6y the mortgagee 6ecatise of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and rnvenants of said note and ihta mortgage.
or either; fo perform, comply with and abide 6y each and euery the agreements, stipulations, conditions and
covenants set forth in said note 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 either, the mortgagee 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 nt the highe:t lnw-
jut rate then allowed by fhp laws of the State of Florida.
arty sum of money herein re%rred to 6e not promptly paid within 3p days next niter
the same becomes due, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortydde. or either, are not fully perfornted. 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, of the option o) the mortgagee, become artd 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by 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
therea f ter accnring.
~n witness whereof, the s ' - mortgagor has hereunto signed anrfsealed these presents the
day and.yrar first above «+riffen. `
Signed. sealed and dt•lirt•red in the presence o .
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1 STATE C)F FLORIDA,
~ ccn'1TY OF ST. LUCIE
I HEREBY GER7'IFY that on this day, before me, an
~ ~ officer dul~• authorized in the Statr aforesaid and in the County aforesaid to take acknowledgments, personally appeared
DREW B. HENDRY ~t~1 ~/swy~s-v~ ~t:~:~ ~~s u''~t
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I to mr known to FH• the person described in and who caecuted the iorego~nq instrument and ~ he cs acknowledged i
ix•i~n• ulr that ~ cFCruicd the same. / T
~~'1"l \ESS m}• hand and official seal in thr County and State last a[oresaid this ~ Q~~ S~~day of =
~y
December A. D. 19 `
4
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Notary Public State of Florida Large
:N~ ~'~CORC~D
- - f,..,~.,TY
• ~ : ~ ' ` ~ My Commission Expires : 'Z.8 /
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