HomeMy WebLinkAbout0370 .red shod! iper(orm. oornply with and abide by each rend every the _ogreemmb, stipulations, oondiNorts and
oot~enants thereof, arul of the morlgape, then this mortgage and the seats 1t~by cs+eated, sham eewe, de-
termine and 1» ntdl and void. _
the mortgagor hereby jureher covenants and og?eer to par promptly when dw the principal and
interest and other stsr?ts of mo?uy provided for in said noes and this mortgage. or either: to pay all and
singular the taxes. assessments. levies.. liabtlttiee, obligations. and encumbrortca of every nattue on said pro-
party; to permit, eorrtrrtit or suffer no uKtste. impairment or deterioration of said land or the improvements
thereon at any time: to horp the buildings now or hereafter on said land fully insured in a awn of not less
than highest insurable value
to a rnmpany or companies acceptable to the mortgagor. the policy or policies to 6e held by. and payable
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l0. iW4 Att)rt~ttt/tItl Wilt t1't s.w ovo,.. rTij iwi~ •••v....~ _
mortgagor shall have the right to receive and apply the eerie to the indebtedness hereby secured, aooounttrtg .
to the mortgagor for any surplus: to pay nlI casts. charges. and expenses. including lawyer i /ees and Nile
searches, roaaonably incun+ed or paid 6y the mortgagor 6ecnuss of !ke failure of the mortgagor to promptly
and jolly comply with the agreements. stipulations. oanditiona and eaveROrtts of sold note and this mortgage.
or either: to perjornt. comply with and abide 6y each and every the agreements, sttpula~Nons, ounditioru and
covenants set forth in said note and thL nw?tgage or either. in the event the mortgagor jails_ to pay when
dw any tax. assessment, insurance premium or other sum of money payable by virtw of said note and this
mortgage. or either. the mortgagee may pay the same. urithout waiving or affecting the option to: jar~cb..
or arty other right hereunder, and all such payment:.. shall bear interest from date thereof at the highat law-
jul rate then allowed by the laws of the State of Florida.
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any sum of money herein referred to be not promptly pakl within fifteen _ day;. next a/a?
the same becomes due, or i( each and every the agreements. stipulations. cortditforts and covenants of said
note and this mortgage, or either, are not jolly perjonned, complied with and abided 6y, then the entire
sum mentioned in said note. and this mortgage, or the entire balance unpaid thereon. shall forthwith a
thereafter. ae the option of the mortgagee, become and 6e due and payabb, anything to said note a herein
to the contrary notwithstanding.. Failure .by the mortgagor to exercise any of th:. rights or opttoru herein
provided shall not constitute a tvaiver of any rights or options under said note or this mortgage accrued or
thereafter accruing. `
~n ~u`~ whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year just nbove wrtlten.
Signed, sealed and delivered in the presence oj:
. - . -....~lr ~.:........t~
Ter a Martin
i l~
'C eryT~•' ' ~ Markin
STATE OF FLORIDA.
couNTY 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 fate ackuowkdgments. personally appeared
TERRY LEE MARTIN and CAERYL A. MARTIN, his wife
to me mown to be the persons descn'bed in and who executed the foregoing instrument and they acknowledged
before me that theyexecuted the same.
~YI7'NESS my hand and official seal in the County and State last aforesaid this 7th dal ~
September A. D. 19 79. .
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lptARl t~U1l IC S/A1E ~ Apit#b, ~ j~:'~ ~ 1t y .
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(M1< GOMMISSIOM !i>t~ 1s01/ . 1! ` , : Y`~;ti
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ro- • Es. .
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JOHN EDGAR SHERRARD f.
= l7iu Irulru»rc»~ prrpr»rd by: Attorney At Law -
Add~ 203 S. Indian River Drive ORAA
BOOK J~~ PAGE ' .
P. O. Box 4332 _
r_~ e:....... Cl.,.i.ts ~~dSA