HomeMy WebLinkAbout2426 and shall perform, comply with and abide 6y each and very the ~reentent, atipulatfoni, conditions and
• ea~enanb thereof, and of fhb morlgatte, then this mortgage and the estate hereby croated, shall cease, de-
termine and 6e null and void.
the mortgagor hereby farther covenant- and ogress to pay promptly when due the principal and
interest and other sums of money provided for In said note and thin mortgage, or either; to prey all and
singular the taxes, asaessmenfs, levies. Itabtltties, obligations. and encumbrances of every Wotan on said pro-
pstrty; fo pe?mtt. commit or suf
jer no waste. impairment or deterto~+ation of said land or the improvement
thereon at any time; fo Iresp the buildings now or.herrafter on said land jolly Insured to a stun of not less
than or highest insurable value.
to a company or eompnnies acceptable to ehs mortgagee. -the policy or polities to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by. virtue bj such Irtsttrance the
mortgagee shall have the right to receive and apply the same fo the indebtedness hereby sectwd, aeeotsnttng
to the mortgagor for any surplus: to pay all cost, charges. and expenses, Including lawyer's feat and title
searches, reasonably Incurred or paid by the mortgagee because of the jalltub of the mortgagor fo promptly -
and jolly comply with the agreements, stipulations, eo?tditions and covenants of said note and ibis mortgage.
or either; to perfo?m, comply with and abide 6y each and every the agreement. stipulations. oondifloru aru/
covenants set joMh in said note and the mortgage or either. /n the even! the mortgagor fatb to"pay when
due any tax, assessment, Insurance pnmitun or other sum of money payable 6y virtue of said note wed the
mortgage, or either. the mortgagee may pay the same. without waiving or of
jecitng the option to jorecbse
o. any other right hereunder, and all such pnymenta shall bear interest from dots ehsnoj at the highest law-
jul rate then allowed by eke laws o/ the State of Florida.
~l any sum of money herein referred to be not promptly paid within 30 days next after
- the same becomes due, or if each and euery the agreements, stipulations, conditions rend eouenants 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 the mortgage, or the enitn balance unpaid thereon, shall forthwith a
thereafter, at the opfibn of the mortgagee. become and be due and pnynble, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
pr+autded shall not consttltste a waive? of any rights or options under said note or thin mortgage accrued or
thereofler accruing. -
~n ~he~eof, the said mortgagor has hereunto signed and sealed these present the
day and year first above written.
Sfg ed, sealed and liner in the presence of : .
ti
I
STATE OF FLORIDA,
cou~TY of ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared "
L. AQCHAEL WETHERINGTON
to me known to lx the person described in and who executed the foregoing instrument and he acknowledged
before me that he executed the same.
WI7:VESS my hand and official seal in the County and State last aforesaid this day of
a A. D. 19 ~9
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