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HomeMy WebLinkAbout2499 and shall perform, comply with and abide 6y each and every the agreements, stipulafioris, condition, and covenants thereof, artd of this mortgage, then Chia mortgage and the estate hereby created, shall cease, de- termine and ire null and void. T1~ the mortgagor {treby further covenants and agrees to pay promptly when due the principal and inte?wsl and other sums of money provided for to said Hole and this mortgage, or either; to pay all and singular 1hp faxes. assessments, levies, liabilities, obligations, and encumbrances of every nnture on said pro- perly: to permit, commit or suf jer no u~asfe, impairme??f or deterioration of said land or fhs improvements fhprrcn of arty time; fo Irpep the btrildirtgs nou, or herpaf ter on said Land fully insured in a sum of not less than full insurable value in a comtxtny or companies acceptable to the mortgagee, !{te policy or policies fo be held 6y, and payable [o, said mortgagee, artd in the event a?ty sum of money becomes payable 6y virtue of such tnstuance the mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounting fo the mortgagor for any surplus: to pay all rnsls, charge:, and expenses, including lawyer's (ees and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and fully comply with the agreements, stipulations, conditionu and covenants of said note and this mortgage, or pit{ter: to perform, rnmply with and abide 6y each and every the agreements, stipulations, conditions and covpnartts set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax. assessment, insurance premium or other sum of money payable 6y 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 stech payments shall benr interest from date thereof at the highest law- (ttl mtP`fltpn allott?ec1 by the laws of the State of Florida. lL any sum of ma?tPV herpirt referred t0 be not promptly paid within thirty days next after 1hp same I)pcomp5 due, or ij each and et.pry the agreements, stipulations. conditions and cotenants of said note and this mortgage, or either, ore root fully performed, complied with and abided 6y, then the entire sum menlionerl in said note, and this mortgage, or the entire balance unpaid !hereon, shall forthwith or thereafter. of f{tp option of the morfgagpe, become and by due and payable, anything in said Hole or herein fo the contrary nolu~ithslanding. Failure by ihp mortgagee to exercise any of the rights or options herein providt~rl shall not conslihtfp a waiver of any rights or options under said note or this morggnge accrued or Iherna f ter accruing. ~n • ~itneSS ~heCeof, t{tp said mortgagor {tas hereunto signed and sealed these presents the dm• and y ar first above uviflen. Signed, sealed ~ red in to presence oJ. CCii%r`^~'~'` ssman - S aron Passman i j STATE OF FLORIDA, cOr,\TY OF ST. LUCIE I HEREBY CERTIFY that on this day, before me, an ~ of(irer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared E D. A. PASSMAN and SHARON PASSMAN, his wife t to m,• known to t,e the person S described in and who executed the foregoing instrument and they acknowkdsed before me that they executed the same. ,~1:_ • , ,t_,u, N'T7 \ESS my hand and official seal in the County and State last aforesaid this 3Q~~}i; , ,i~ly, of . Ma A. D. 19 ' 2' .,ems: ~ ~ ` `I ..l 1319 J11'~ ~ - ;a v ` ;~tu~~ twS~AS~• My commission expire!;i,,;.+. S`,;~~':.~ ~O"~C~~ C011 9~ [~10TARYNUbtK iTatt ,r FIORtCA AT ~ ` ~ l~ r V£Pli-~F, MYtOHUwSSIOtv~,r,R<iOCT. Ib 1979 r~CC~ ~Qt~ED TMRU GENES WS.tM~DERWRITE~ ,~~364 , 2 I tt F %7iis hulnn/lfll! pirpnrrd hy: - 800K ~g ~ ~ ~ Sc t M. Kenney, Esq. Pg0E24 , f 515 S . Indian River Dr . ~ Ft. Pierce, FL 33450 .