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HomeMy WebLinkAbout1198 and shall per(;?rm, comply with and abide by each and et+ery the agreements, sftpulattoni, conditions and covenants Ihereoj, and of Ihts mortgage, Ihen this mortgage and the estate hereby e?eated, shall cease. de- termine and 6e null and twtd. >t><IIIi the mortgagor henrl?y further covenatts and agrees to pay promptly when dw the prtnNpal and interest and other sums of money provided jo? to said note and fhfa mortgage. or either; to pay all and singular the tares, assessments, levies, !!abilities. obligations, and encumbrances of every nature on said pro- perly; to permit, commit or sttf jer no waste. impairment or deleriorofion of said land or the tmprovements Iherecn, at any lime; fo keep the buildings now or hereafter on said fond jolly Insturd in a aum of nqf less than the amount of this mortgage. in a company or companies acceptable fo the mortgagee, the policy or policies to 6e held by, and payable to, sold mortgagee, and in the Puent any sum o/ money becomes payable 6y t+trlus of such insur+artce the mortgagee shall have Ihs right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any surpltu: fo pay all rnsts, charges, and expenses, including lawyeri fees and title searches. reasonably insured or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and jolly comply with the agreements, stipulations, conditions and eovenants of sold Hole and this mortgage, or either: to perform, comply with and abide by 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 stun of money payable by 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 al the highest law- ful mte then alloured by the lau+s of the State of Florida. - ~L any sum of money herein relPrrPd fo 6e not promptly paid within thirty days next after the Same becomes due, or if each and every the agreements, stipulations, conditions and eouennnts of said Hole 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, al the option of the mortgagee, become and 6e due and payable, anything in said Hole or herein fo the contrary notwithstanding. f=ailure by the mortgagee to exercise any of the rights or options herein provided shall not co?tsfiltrfe a u+aivPr of any rights or options under said note o? this moHgnge accrued or fhPtPOJtPr accruing. In ~~u1eSS ~~Of, fhP said mortgagor has hPlPtrnto signed and sealed these presents the day and year lirsf above u+riflPn. Signe algid and iverPd in the prnsPnrP of : ~ , _ L. ARNOLD - - - -OLfpt.. DORIS M. ARNOLD STATE OF FLORIDA, ~ - COUITY OFST. LUCIE I HEREBY CERTIFY that on this day. before me, an ~ officer duly authorized in the State aforesaid and in the County aforesaid to ukc acknowledgments, personally appeared RONALD S. ARNOLD and DORIS M. ARNOLD E p to me known to be the p+'rson8 described in and who executed the foregoing instrument and they acknowkdRed .before me that they executed the same. - ~,.5,.,~... - ~ ~ t~l~u~WI~:YESS my hand and official seal in the County and Sutc last aforesaid this-" 16t$ day of i • s . A. D. 1~'T9 . p r . - ~ = FILED AND RECORI7E - . ~ 8 ~„\t,'.` r >T. LUC!E COUNTY.tFL' } - r ~ .Fie ~o~~` - • ~ ~ '79 APR y PM 2:03 NOTARY rllraLlC STATE of aoRlaA AT IJIRQE MY COMMISSIOtd I:lVIRE'S JMI. 26 19f1? q Tlaw c~NER,u tNS. uVOERl+vtlll>~S CLERK CIRCUIT COURT' s Thu IfWRp/rflr/ prr/xm~/ by: LAWYERS TITLE INSURANCE CORPORATION ;~,/,/rrxs Cheryl S. Miller P. 0. Box 3845 , ~ g~~>~ 3U6 ~a~F119? Fort Pierce, FLA 33450 .