HomeMy WebLinkAbout1733 and shall perform, comply ulifh and abide 6y each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the eatafa hereby created, shall cease, de-
fe?mine and 6e null and twirl.
nlfl~ IhP mortgagor IterPby further rnvenants and agrees to pay promptly when due 1hs principal and
i?tteresl a?td other sums of money provided for In said note and this mortgage, or either; fo pay all and
singular the tares, assessments, levies, liabilities, obligatio?u, and encum6?nnces of every ?tattue on said pro-
perty: to permit, commit or suffer no waste, impai?mertt or deterioration of snid Land or the improuementt
lherecn of a?ly time; to beep the buildings now or hereafter on sold land jolly insured in a sum of not leas
than fair market value
in a company or companies acceptable fo the mortgagee, the policy or policies to be held 6y, and payable
to. said mortgagee, a?td in the event any sum of money becomes payable by virtue of such tnaurance the
mortgagee shall have 1hP right to receive and apply the same to the indebtedness hereby secured, nccounting
fo the mortgagor for any surplus: fo pay all costs, charges, and expenses, including Iawyer~ fees and title
searches, rPaso?tably incttrrcKl or paid 6y the mortgagee because of the jailtu+e of the mortgagor to promptly
and jolly rnmply u?ith the agreements, afipulationa, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
rnvena?tts set forth in said note and this mortgage or either. In the even! the mortgagor jails to pay u?hen
due any fax, assessment, i?tsttrance premium or other sum of money payable 6y virtue of safd note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to jorecbse
or any other right hereunder, and all such payments shall bear interest from date thereof of the highest law-
ful rate then allotvetl by the laws of the State of Florida.
l` a?ty sum of money herein re/Prrecl to be no! promptly paid within 30 days next after
tltP same becomes due, or ij each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not jolly perJotmed, complied with and abided 6y, then the entire
sum mentioned in said note. and this mortgage, or the entire balance unpaid thereon, shall forthwith or
rherea f
ter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary nofu~ifhsfanding. 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 note or this mortgage accrued or
therna f ter accruing.
~n ~ttI1tSS thereof, fhP said mortgagor has hereunto signed and sealed these presents fhP
day and year f fret above u•riflen. -
StgnPd, Sealed slid dP111iPrPd 111 1hP prPSPI1cP Of
• I IAN RIVER G ENS NC.
- - Sys ~ - -
resident
i
~
~ ;
_ ' ' • . I .
- ` ~ t - i'~~~ t
_ : ` ~ `
v ' s
Cn . •c • i E
~t
f
E STATE OF FLORIDA, 1
€ COC\TY OF St. Lucie i
I HEREBY CERTIFY that on this day, before me. an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeatrd
E James C. Smith, president, Indian River Gardens, Inc.
F to me known to be the p-rson described in and who e>ecuted the foregoing instrument and he acknowledged
before me that he executed the same.
1~'i'1:\ESS my hand and official seal in the County and State last aforesaid this day of
g
E ~ ~9
A. D. 19
~ j.. J
7
~ ~
cCORD~D: - - - - -
•_tt. i..f..
• - ~ ~ - - U': ~ Y, FL;.. NOTARY PU LIC
f -
'~1'7~ My commission expires i
'fV i?r1 J V • y~
~
• _1
e
r
"Phis hufnunfi,f prfprnrd hy: ~ P f~
6Nv:l fAlf 17~
~/ldnu 1~s AlStrI~IlPalf was prepared ~
~ Sfepbea Tierney, i~,124-A Ne. 2nd St
fort P+:~rce, Florida
y _ _ . - - _ - -