HomeMy WebLinkAbout0028 an~ shall perJorm, comp~y u~ilh and abtde I~y each nnc~ every f~e aB~ehtents, sfipu~afio?it, condittons artd
cp~~ennnts ihe~eoj. and oJ this mortnape. lhen fhis mortgage and t~ie estatA hereby created, sl~oll cease, d~-
iprmi~~e nnc~ Ix~ nu~~ anc~ voic~. ~ }
~n~ I~~e mortganor heretiy ju~lher covenanft and agrees ro pay promptly when dus the principnl and #
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inlerrsl anc~ afher sums of money prot~icrc~ lor in sai~ note and tf~ii morfgage, or elthsr: to pay a~~ ond '
singu~ar lhe In.res. assessmenls, ~evtes, ~tafit~ilies, ob~igations, ana encumbrancet o~ euery naturs on satd pro- ~
perty: to prrmif, commil or su(fer no waste, lmpairmenf or delerto?atton o~ aaid ~nnd or fhe improvemenb !
Itie?pcn al any lime: fo ~Pep fhe tiui~~ings now or {~erPa(t~r on said land (ully insttrecl in a sum o( not ~esa
~~1°n highest insurable yalue
in a com~x~ny or rompani~s accrpl~ble fo !he mo?fgapee. Ihe policy o~ poltcies to 6e heW 6y, a~d Poyabl~
to, said morlpaqee, and in fhe euent any sum oJ money becomea ~ya6l~ 6y virlue o) such tnsurance ths
mortflaf~ee shall hane the rifltit io rnceive a~d apply Ihe same to ihe inde6tedneas hereby secured, ncoounting -
fo f{~e morfga~or (or any surplus: to pay a~~ cosfs, chargHS, and expenses. ~nc~uc~tng ~awyer~s jeei and tJt~e ~
searc{ies, rc~asona6ly incurrecl or pai~ tiy fhe morfgagee ~ecause o) fhe ~ai~ure o~ ftie mo?tgagor to prompf~r ~
an~ (ully c•omply u~ith tl~e aflr~ments, stipu~ations, conaifions and covenunfs oJ said note and Il~is morlgage. ~
or eifl~er: to ppr(o?m, c~omply witli antl a6i~Ie by eacl~ ancl every t~e ngreernenfs, stipu~attons, condiltona and ~
roirenanls sPt )orlti in salc~ nofe und this mo~fgnge or eit~er. /n the ~vent -t~e mortgago~ ~ai~s to pay wken ;
due any tu.r, assessmenf, insurance premium or ofl~er sum o~ money paya6le by virlue o/ said note and tkis ~
morlgage, or eil{ier, Ihe morfgagre may pay fhe same, urif~out wuivtng or ajJecttng the option to ~orec~ose ~
or any of6er ri~~h1 ~P?PU~der, and nll sucl~ payments shaU benr interest ~rom dnte t~ereo) at 1he kigl~est law-
(u~ nde Il~en alluived 6y Ihe ~aws o~ the Stafe oJ Florida. ;
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~l any sum oj mor~~y I~prein re(errec~ to he nof prompf~y pait~ within 30 days next a~te? ~
Ihe same 6ec-omes due, or if each and euery 1{ee agrQemenls. slipulntions. contlilions anc~ covenants o) snitl ~
note anc~ Ihis mortgaye, or P1~~Pr, are not ~u~~y per(ormetl, complled witlt nnd a6~ded 6y. l~en the entire ~
sum mentioried in said nole, and t1~is morlgaae, or 16e entire balnnce unpnid thereon, ahall jorthwilh or
tl~erea(ter, at tti~ oplion oJ Ihe morf~~gee. bn~me and be due nnd pnya6le, anqlhing in said note or herein ~
fo f{~e ronfrary nol~uill~sfanc~in~. f'ai~ure ~?y ftip mortgagee to exercise any of t{~e rig~ts or options ~e~in ~
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pro~~iclecl shaJl nof ~-unsfilule a u~aii~~r o~ any rifthfs or oplions uncjer sai~ note or Itiis mortgnge ucc?ue~~ or ~
1~~~r~a~l~r accn~in~.
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~n ~~LIlQ~ WIIC~OI~ t~e said mortgnqor {~os {~ereunto sign~l and senlec/ Ihese presenls ttie 4
~ay anc~ year jirsf ahone~ inriNen.
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I STATE OF FLORIDA, ~ •
cc~CtiTY OF ST. LUCIE
I NEREBY CERTIFY that on this day~ beforc me, an
~ o((i~~r duly authoriz~d in the Statc a(oresaid and in the County afor~said to tak~ acknowledRments, personally appearea
LONNIE STUBBS
to me knoNn to !x th~ prrson described in and who ex~cut~d the tor~qoinq instrument and he acknowkd~ed
Ix~for~• me that he ~:~cuted the same_
N'1711ESS m~ hand and of(icial seal in thc County and Statr last af esaid this ~ 7~ daY o(
~ , May , A. D. 19 7 9. ~
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~ / j~ Ndtary ub? ic
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~ 1 ~NO'r~~~'~~~' i9T9 i+~'t I 8 ~i Commission Expires :
~ . ~ : - /'j'I!t'Y J 3, / Sd~z
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v~ FiLEtI Ahi• k=i.uFlutU /
~ ` ST.LUCIE COUH1Y.flA. .
~ ROGER POITRAS
~ ' . - CLERK CIEiCUtS COil~j
~ ~ ~C' ~tECCR~ ~ Eit': !sC. ~~~~''L~'~ ;
~ . ~ J ~ 44817 ~
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Tl~is hwn~,,,~~i~ pr,cpnrrd by: Larry M. Stewart, Attorney =
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~,/~/,~u 401 East Osceola Street, Stuart, Florida 33494 ~
800K ~ PACE ~
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