HomeMy WebLinkAbout1855 and shall perform, comply with and abide by each and every the agrwmenta. attpulatloni. conditions and
eorenanta thereof, and of this mortgage, then this mortgage and the stints hereby created, ahaU cease, de-
termine and 6e null and void.
the mortgagor Newby further covenants and agrees to pay promptly when due the principal and
interest and other soma of money provided jor in said note and this mortgage. or either; to pay all and
singular the taxes, assessments, levies. ltabikttes, o6ltgattons. oral encttmbrartcea of every nattue on said pro-
perly: to permit, commit or strjjer no umste. impairment o? deterioralton of said land or the improvements
Iherecn at any time; to keep the buildings now or heeaJter on :aid land fully i?uured to a tom of not less
ehan highest insurable value .
in n company or companies acceptable io the mortgagee. the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sttrn of money becomes payable 6y virtue of such insttra?tce the
mortgagee shall have the right !o receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any stuplus: to pay a!l eosfs. charges, and expenses. fnclttdtng lawyer i Jess and title
aearrhes, reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and Ibis mortgage.
or either: to perform, comply with and abide by each and every the agreements, stipulations. conditions and
covenants set forth in said note and this mortgage or either. ?n the event the mortgagor jails to pay when
dos any tax, assessment, insurance premium or other sum of money payable by virtue of said Hole and this
mortgage. or either, the mortgagee may pay the same. without waiving or affecting the opfionsto foreclose
or any other right hereunder, and all ouch payments shall bear interest from date lhereo/ at the highest law-
f
ul rate then allowed by the lows of the State of Florida.
any sum of money herein referred to be not promptly paid within thirty days next after
the some becomes due, or ij each and every the agreements, stipulations. conditionu and covenants of said
note and ibis mortgage, or either, are not jolly perjotTrted, complied with and abided by, then the entire
stun mentioned in said Hole, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
therrajter, at tho option of the mortgagee, become and 6e due and payable. anything to said note or herein
to the contrary nofwilhstanding. Failure by the mortgages to exerrtse any of the rights or options herein
provided shall not rnnsfidtte a waiver of any rights or options under said note or Ibis mortgage acc?ued or
therea jter accruing. `
~n ~~uleSS ~h~eof, the said mortgagor has hereunto signed and sealed these presents the
day and year first shone written.
Signed, sealecT and delivered in the p esence oj:
SAL EhlARCI"f
~~c~. ~
i
STATE OF FLORIDA,
GOUNTY OF St. Lucie
I HEREBY CERTIFY that on this day, before tae. an
officer duly authorized in the State aforesaid and in the County aforcuid to take ackttowiedgments, personaily appeared
Salvatore DeMarco
to me known to be the person described in and who executed the foregoing instrument and who ackttowkdged
before me that he executed the same.
WITNESS my hand and official seal in the County and State last a(otYSaid this 3 ~ttl day o[
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