HomeMy WebLinkAbout0004 and shaU perJorm, comply u~ifh and a6ide 6y encl~ and ei~ery tl~e agreements, slipulalions, conditions nnd
corenunls thertw~, and o~ I~~is morl~ape. I~en 1{~is mwtga{~e an<~ ftie esfatP ~ere6y creplecr, s~a~~ cease, de-
teiminQ nn~ he nu~~ a~~~ ooi.~. ~ .
Tin~ I~~P mortgu~~or ~~eri~hy ~urthe~ covenanls and agrees lo pay prompt~y when due thd principa~ nnd
inlerrsl a~~c~ oflier sums o~ mor~ey proi~irlecJ (or in said nofe and fhis morlgage, or eifher, to pay a~~ and
singular the laxes. assessm~nls, lei~ies, lia6ilili~s, o61J~ations, nnd encum6ronces o( every nafure o~ said pro-
perly; fo permif, commif o~ su~jer no wasfP, impai?meni o~ c~eterioration o~ saicr ~ane~ or ftie tmprovementa
1hPrr.~n a1 any lim~: to ~PP~ IIIP buildin~s nuu~ or hereoJt~~ on coid land /ully insured in a sum oJ nol less
~han $80 ~ 000. 00
in a c•om~~~nv or compani~~s ncc~~~fa1~Ie to Ihe morfganee, the policy or policies to be hp[d by, and paya6le
fo, sai~I morlgngee, anrl in the e~~ent any sum o~ mon~y 6ecomes payab~e 6y virfue o/ such insurance fhe
morlflapee Shol! ha~•p the riflht lo r~reive and opply Ihe same fo the indebledness I~ere6y securecl, accounting
fo Itie m+nrf~a~or +or any surpl~~s: lo pny a~~ costs, rharges, and expenses, inc~uding ~awyer~s Jees and fit~e
seprc~~es, reasonn~~~y incurr~c~ or ~xii~ ~y f~~e morfgagee hecause o~ I~e (ai~ure o~ ttie mortga{/or !o promptly
anc~ JuIIy c•omply u?i1F~ !{ie a{~reemenfs, stipu~alions, con~itions anc~ conenanfs oJ snid note and Ihis mortgage.
o~ eiftier; to perform, comply u~ith and a6ide 6y eacti and euery Ihe agreemenfs. siipu~ntions, rnnc~ifions and
covenanfs set ~o~t~~ in saic~ nole antj this morfgage or eilher. ~n f~e Fi~ent the mortgagor ~ai~s to pay w~en
due any far, assessmenf, insurortce premium or other sum o( money payab~e 6y virfue o~ saicr note nnd t~is
morl~age, or eif~ie~, ihe mortgag~~ may pay t{~e same, iuithout u~aiving or a~~ecling t{~e option to ~orec~ose
or any olher ric~I~l I~Nrpunder, and all sucl~ paymenls shall 6ear interest (rom date thereo) at If~e higl~est law-
~U~ ~A~P ~~IP?1 Q~~OIIrQ(' ~)V ~~1P ~I/It1~S Or ~~1P ~fQ~P OJ I-~OI!(IA.
Dl any sum o( mon~v ~~~r~in re(erre~ !o {~e not prompt~y paic~ wifhin thirty c~ays next a~ter
f~~e snm~ E,~com~s ~u~, or i( ea~f~ and ~r~ry Ihe ac~repmPnts, stipu~afions, conc~ifions ari~ conenanis o~ sait~
nole and fhis mortgaye, or ~itl~~r, are nol fully per)ormed, complied wiih and a6ided 6y, f{~en Ihe entire
sum mentioned in said not~, antl this mort~ag~, or t1~ e entire ba~ance unpait~ Ihe?eon, shall (ort6wilh or
therea~ter, a! eh~ option oj tl~e morlgac~~~, hecome and 6e due and paya6le, anytl~ing in said note or herein
to 1{~~ confrary nolu~it~~slanc~inc~. f'ai~ur~ f~y IE~e mortgagee fo pxercise any of t{~e ric~~ts or options ~erein
pro~~i~~cK~ s~~~~~ noi conclilut~ ~ u~ai~+~r o( any riqhts or opfions uncler sai~ nofe or t~is mortt~age accruee~ or
t~~erea~ler ac~•ruinc~.
~n ~~ln~s ~hereof~ t/u~ said morl~~sgor l~as ?~PrPUnlo sic~npd and sealed these presenls the
an~1 y~~ar firsl a~?ore• u~riff~~n. ' -
Si~n~r~. s~a~~c~ nn~~ i~~~mc~ in 1~u~ pr~.~~ni-i~ o~: • '
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- .CQ..I . 4 <<. - . ~ . S~S:1., . - _ _ _ . _ _ . . ~ . - - - - - - . - ~
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John dgar Sherrard
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~ ( STATE OF FLnRIDA, ~
~ Cc~U\TY OF ST.LUCIE
~ i I NEREBY CERTIFY that on this dap. before me. an
~ ~ offeccr dul~• authorized in the State a(or~said and in th~ County aforesaid to tak~ acknowledqmcnts, p~rsonally appearcd
- .70HN EDGAR SHERR~IRD
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~ to me known to be thc p~•rson deuribed in and who ea~cuted the (ore¢oing instrument and he acknowledRed
~ I~efor~• me that h~fc~cuted the same.
~ ~ ~ ~\'I7 tiESS my hand and official stal in the County and Stat~• last a(orcsaid this 1St day of
~ ! t4ay A. D. 197 9. ~
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f9~9 I~~'! 'z f„~ ~i= 32 Not ry Pu lic
° FIIEO A~1: `tlCJ~tuEL'
* Sj !f PDRR~SA Wr~tY nud~~t Ste~ Of ~IORIDA A1 IJ~RC~
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p ~~CUIt Ct71J Kx~p iNRU GEiJERAI INS . tlNDERWRITFRS
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~ 10HN EDl_;Af'. S~ lERRARD ' . • , i~
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