HomeMy WebLinkAbout0114 and shall perform, comply wish and abide 6y each and every the agresmenb, atipulationi, conditions and
covenants thereof, arttt of this mortgtips, Ihen this mortgage and Ihs estate hereby creat«l, shall cease. ds-
termine and be null and twirl.
><i1~IL fhp mortgagor hen+by further covenants and agresa to pay promptly when dot fhs p?incipal and
interest and other sums of money provided for in said note and this mortgage. or either; to pay nlI and
singular the Tares, assessments, levies. liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit, commit or suf
fer• no waste, impairment or deterioration of said land or: the improvements
thereon of any IimP; to jeep the builrlings now or herPa f
ter on said land fully insured in a sum of not less
than highest insurable value
in a company or companies acceptable fo the mortgagee, the policy o? 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 have the right to rPCeiue and apply the same to the tnde6tedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs. charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgagee becatue of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, comply u~ifh and abide 6y each and every the agreements, stipulations, rnndittons and
covenants eel forth in said note and this mortgage or either. /n the event the mortgagor jails to pay when
due any tex, 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, u~ilhout waiving or of
jecfing the option to foreclose
or any other right hereunder, and all such payments shall bear intere:t from dots thereof of the highest law-
ful mte Then allowed by the laws of the State of Florida.
~i any sum o/ money herein referred to be not promptly paid within 60 days next after
the same becomes due, or ij each and every the agreements, stipulations, rnnditions and covenants of said -
note and this mortgage, or either, are not fully performed, romplfed with and abided 6y, then the entire
sum mentioned in said Hole, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, al the option o/ the mortgagee. 6ernme and 6e due and payable, anything in said note or herein
to the contrary ,notwithstanding. Failure 6y the mortgagee fo exercise nny of the rights or options herein
provided shall not COrnStitlltP a waiver of any rights or options under said note or this mortgage accrued or
Thereafter accruing.
~n ~itntSS ~~eof, the said mortgagor has {terPrrnto signed and sealed these presents the
day and year ffrsf above a+rilten.
Signp~, sealed and delivered in Ilre presentee oj:
•
~OL L . ELLIOTT
STATE OF FLORIDA,
COUNTY OF St. Lucie
I HEREBY CERTIFY that on this day, before me, an
officer duly authvrizrd in the Stair aforesaid and in the County aforesaid to takr acknowledgments, personally appeared
CARL M. ELLIOTT and CAROL L. ELLIOTT, his Wife
i to me known to be the persons described in and who executed the fore¢oine instrument and they acknowledged
Ix•fnre me that they executed the same.
N'1"1'\ESS my hand and official seal in the County and State last aforesaid this 20th day of
August A. D. 19 79.
J
45593 r • ,
NOTARY PUBLIC ~ _ _.`A~µ-------~
.r
~g~g ~v ~ 22 P~; ~ ~ 4 ~ flotary Pubfic. State of Flacida at Lar48 _ ~ ~ -
f,
IJ4y Ccmm?ss+on Expices Jan.8. 1983. ~ •nz~ r~ ~ moo„ ,:f
flLEO AtiC ktCVi<U~D c%
ST.UICIE COU'ITY.FLR. ~ u ~ '
CLERK I~t~f?t COUNT ~ - - ti ~
pECOFIi - •
,y
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