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HomeMy WebLinkAbout2625 and shall perform, comply with and abide by each and every the agreements, stipulation's, eondttio?u and cooennnfs thereof, and o/ this mortgage, then this mortgage and the a:tats hereby created, shall cease, de- termine and be null and ibid. Ti1N!<the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and interes! and other sums of money provided for in sold note and this mortgage, or either; to pay all and singular the fares, assessments, levies. IiabiliUes, obligations, and encumbattces of every nafuro on said pro- perly: to permit, commit or suffer no waste, impairment or deteriorotion of said land or the tmprowmenls lherecn at any time; to keep the buildings now or hereafter on said Land fully insturd in a sttm of not less than full insurable value in a company or cowponies acceptable fo the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the mortgagee shall bane the right to recetue and apply the same to the indebtedness hereby sectu~ed, accounting to the mortgagor for any surplus; to pay all costs, charges; and expenses, including lawyer's Jeer and fills searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly artd fully comply with the agreements, stipulations, conditions 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 rnvenants set Jorlh in said note and this mortgage or either. /n the event the mortgagor Jai4 to pay when due any tax, assessment, insurance premium or other sum 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 Jrom date thereof at jke highest law- ful rate `then allowed by the laws of the StatR of Florida. ~L any sum of money herein re%rred to be not promptly paid withirtthirty (30) days next after the same becomes due, or iJ 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 sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, 6ec»me and be due and payable. anything in said note or herein to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~~uleSS ~he~eof, the said mortgagor has hereunto signed and sealed these presenlr the duy and year first above u~ritfen. Signed sealed and deliv red i "the presertcP oJ? Ve nice Durh / - - - P ---1 . ~s "o~ tioi~ti~~~~-arti~ ~ ur STATE OF FLORIDA, cou:vTY OF St . -Lucie I HEREBY CERTIFY that on this day, before me, as officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared ~'ERNICE DURHAM and JANICE DURHAM, his wife to me known to be the person s described in and who executed the foregoing instrument and they acknowkdRed before me that they executed the soul!. f NI1'NESS my hand and off5cial seal in the County and State last aforesaid this 15t "da ,V . - v . ~ " s ~ Nelary Pu>tlic. State of FhxtOa ~t Larg~ , t~T9 rtfi t ~ s 50 M~ COl?ltnlSStpll Expires Apr. 1. 1983 ,~,U%''~ i~~ti ~ F { ~ p kEC0uot0 Cpp~~NNTY.FLA. " ~ ~OITRAS 'Ol 'CiRCUiT CCURy, 444552 I7iis I,wranuyrr papa,rd by: p ~r'~ Ad~I,ru George L . WS l l i stns , III g i,?:: K PAS; 2625 306 S. 6th t. (BOX 1418) Fort Pierce, F1. 33450