HomeMy WebLinkAbout2843 and shall perform, comply with and abide 6y each and every the agreements, sltpulattoris, eondtttons and ,
covenants thereof, and of this mortgage, then this mortgage and•the estate hereby c?eated, shall cease, de-
termine and be null and void.
~ll~ll the mortgagor Ite?t.+6y further covenants and agrees to pay promptly when due the p?incipal and
interest and other sums o/ money provided for in said note and this mortgage, or either; to pay all and
singular IhP taxes, assessments, levies, liabtlilies, obligations, and encumbrances of every nature on said pro-
perly; to permit, commit or strf
ter no waste, impairment or deterioration of said land or the improvements
IhPrecn of arty limp; fo keep the buildings note or hereafter on said land fully insured in a sum of not less
titan
in a company or companies acceptable. to the mortgagPP, the policy or policies fo 6e held 6y, and pnynble
fo, said moHgageP, and in fhP event any sum of money becomes payable 6y virtue of stu~h tnsumnce the
mortgagPP 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 costs, charges, and expenses. including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply u+ith the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, comply tuitft artd abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and thts
mortgage, or Pifl)er, the mortgagPP may pay the same. a+ithout uraiving or affecting the option to foreclose
or any other right heretrrtder, and all such payments shall bent interest from date thereof at the highest law-
ftd m1P then allowed 6y 1hP laws of the State o) Florida.
any sum of motley ItPrPirt referred to bP not promptly paid within---THIRTY---days next after
the same becOB1PS due, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or eif?ter, are trot fully performed, complied u+ith and abided 6y, then the entire
sum mentioned in said nufP, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of tltP mortgagPP. become and by due and payable, anything in said note tit herein
to the contrary nolu+ifltstanding. f=ailure by the mortgngee to exercise any of the rights or options herein
provided shall not cortstilufP a waiver of any rigltls or options under said note or This mortgage accrued or
thereafter accruing.
~n witness whereof, fhP said mortgagor flay ftPrPttrtto signed And sealed t11PSe presents the
day and year (first above a+rilfen.
Sig ,sealed and delivered in the pres/~nce of
•
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~LC ~ ILLIE R • YOUNG '
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STATE OF FLORIDA,
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
I officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
BILLIE R. YOUNG
to me known to tx• the person described in and who ezecuted .the forrgoinq instrument and She acknowledged
before me that She ezecuted the same.
~~'IT\ESS my hand and official seal in thr County and State last aforesaid this ~ j ~ day of
,i.~ . ~
s ~ c`' NOTARY PUBLIC
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s 'i9 28 Phi 2 - 09 ~
` t ; _ • ' i t T i:.. ~ C0 ~irN Jtu» 18.1981
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