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HomeMy WebLinkAbout2477 and shall perform, comply with and abide 6y each and every the agreements, stipulations, conditions and covenants thereof, and of this mortgage, [hen this mortgage and the estate hereby created, shall cease, de- te?mine and 6e null and void. the mortgagor Newby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in said note and this mortgage, or either; to pay all and singular the faxes, assessments, levies, Itabilifies, obligations, and encumbrances of every nature on snid pro- perly: to permit, commit or suffer no waste, impairment or deterioration of snid land o? the improvements thereon at nny time; fo peep the buildings now or hereafter on said land fully insured in a stun of not lest chars EIGHT THOUSAND SEVEN HUNDRED SDCTY SIX DOLLARS--no/100---------- in a company or compantes acceptable to the mortgagee, the policy or policies to 6e held by, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of stash insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby aectared, accounting to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyeri fees and Htle searches. reasonably incurred or paid by the mortgagee because of the fatltare o/ the mortgagor fo promptly and fully comply with the npreements, stipulations, rnnditions and covenants of said note 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 (ails to pay when dtae 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 tuniving or affecting the option to foreclose or any other right hereunder, and all such payments :boll bear interest from date thereof at the highest law- f ul rate `then allowed by the Iowa of the State of Florida. ~l any sum of money herein refen*ed fo be not promptly paid within. days next a)ter 'i the same becomes due, or if each and every 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 j sttm mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or j thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein ~ to the contrary notwithstanding. Failure by the mortgagee to exerrife nny of the rights or options herein provided shall not constitute a waiver of any rights or options under snid note or this mortgage accrued or thereafter accruing. I j ~ `~,M~ ` 'i ~n ~~ulfZSS thereof, , the snid mortgagor has hereunto signed and sealed these presents the day and year fin! above written. _ j Signed. Sealed and delivered in the presence of m PfronRDuPont STATE OF FLORIDA. coutvTY of St. Lucie I HEREBY CERTIFY that on this day, before me, an o[[icer duly authorized in the Stag a[oresaid and in the County a[oresaid to take acknowledgments, personally appeared Pirom DuPont to me known to be the person described in and who executed the [oregoing instrument and acknowledged be[ore me that executed the same. WITAiESS my hand and o[[icial seal in the County and State last a[oresaid this l~ day o[ April A. D. 1979 r U . 4..... ~ ~ / at~~~SV M1Stlf n>4h fx RO+t~pA i., r - • _ ~ C1CMiAiuSSlGN OttIRfS oS'?~ `ter, ~~.i J ~ l,~ t?OniDEO nau c[~.Er,! ._iw:w,.. J l~ i ~ 12 , U o ~ ~ ~ l V ~ This hwaaneir/ pmpnre~! Gy: Jackie Talamine A,/~/r~u First National Bank of Fort Piers ry 7~~++ P.O. Box 970, Fort Pierce, Fla. 33450 BOOK ! ~ACEZ47V