HomeMy WebLinkAbout1881 and shall perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants thereof, and of thia mortgage, then lhts mortgage and the estate hereby created, shall cease, de-
termine and be null and void.
the mortgagor hereby !tether covenants and agrees to pay promptly when due the principal and
interest and other auras of money provided for in said note and thts mortgage, or either; to pay all and
singular the taxes, assessments, levtea, liabilities, obltgaftona. and encumbrances of every nature on snfd pro-
perty: fo permit, commit or suffer no waste, fmpntrment or deterioration of said land or the improvements
thereon at any time: to peep the buildings now o? hereafter on said land fully insured in a aura of not less
than
to a rnmpany or companies ncceptabb to the mortgagee, the policy or poltciea to be held 6y, and payable
fo, said mortgagee, and in the event any stun of money becomes payable by virtue of such instuanc~ the
mortgagee ,hall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs, charges, and expenses. including lawyers fees and title
searches. reasonably incttrrecl or paid by the mortgagee becawe of the failure of the mortgagor fo promptly
and fully comply with the agreements, stipulations, eortditions and covenants of said note and this mbrtgage.
or either: to perform, comply with and abtdo by each and every the agreements, stipulations, conditions and
covenants set forth in said Hole and tht: mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance premitun 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 from date !hereof at the highest laua-
lul rate then allowed by the laws of the State of Florida..
- ~l any sum of money herein referred fo be not promptly paid within 3o days next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenant, of said
note and. this mortgage, or either, are not fully performed, complied with •and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid fhen+on, shall forthwith or
thereafter, at the option of the mortgagee, become and be dtte and payable, anything fn said note or herein
to the contrary notwithstanding. Failtue 6y the mortgagee to exercise any of the rights or options herein -
provided shall not rnnstitttte a waiver of any rights or optioru under said note or this mortgage accrued or
thereafter accruing.
r
~n s the said mortgagor has hereunto signed and :paled these presents the
day and year first above written.
Signed. algid and delivered in the presence of
7
v,
t - • ~
STATE OF FLORIDA,
COUNTY OF St. Lucie
I HEREBY CERTIFY that on this day, before tae, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
J.P. Morgan and Ola M. Morgan ~
to me known to be the person described in and who executed the foregoing instrument and they acknowledged
before me that they executed the same.
WITNESS my hand and ofCcial seal in the County and State last aforesaid this 8th day of
~ June A. D. 19 79
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4'781
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This huJnnneii~ prrpnrcd by: Sandy Lando
Sun Bank of St. Lucie County
Arlrlrr'.tt P .O. Box 8 ~
Ft. Pierce, FL 33450 300K 31~ PAGE 18 ~