HomeMy WebLinkAbout1404 and shall pe?fortn, comply with and abide by each and every the agrsesttenis, atipubttoni. conditions and
eorenanls theroof. and of this mortgage. fhon this mortgage and the estate hereby created. shall eewe. de-
termine and be nett[ and void.
the mortgagor Newby further covenants and agrees to pay promptly when due the principal and
tnteresf and other :ttms of money provided for in :aid note and this mortgage. or either: fo pay all artd
singular the faxes, asseasments. levies, Iiabtltties. obligations, and enctunbrances of every naturo on said pro-
perty; to permit, commit or suffer no urasle, impairment or deterioration of said land or the improyemenfs
lherecn at any time; to leeep the buildings now or hereafter an :aid land fully inatued in a stun of not Less
than full insurable value
to a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
to. said mortgagee. and in the event any stun of money becomes payable by vtrfue of such insurance the
mortgagee shall have the right fo receive and apply the same fo the indebtedness hereby secured. accounting
to the mortgogor for any surplus: to pay all costs. charges. and expenses. including lawyers fees and title
searches, reasonably inch?red or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply wIfh the agreements, stipulations.-conditions and covenants of said note and this mortgage.
or either; to perform. comply with and abide by each and every the agreements, attpulations, conditions and
covenants set forth in said note and this 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 wnlvtng or affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest Iaw-
f ul rate then allowed by the laws of the State of Flortda.
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any sum of money herein referred fo be not promptly paid within $0 days next after
the same becomes due, or if each and every the agreements. stipulnfions. conditions and rnvennnfs of said
note and this mortgage, or either, are not fully pest
orr?ted. rnmplied with and abided by. ihen the entire
sum mentioned in said note, and this mortgage. or the entire balance unpaid thereon, shall forthwith or
thereafter. at the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary nofu~ithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall no! constilttfe a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~t~~SS ~ftefe0f, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, s led and delitre in th presence of
/ Claude M. Nelson
~
~ Trene E. Nel son
i
STATE OF FLORIDA,
courrrY OF St. Lucie
I HERESY CERTIFY that on this day, before me. as
officer duly authorized in the State aforesaid and in the County aforesaid to take ackstowkdgments, personally appeared
Claude M. Nelson and Irene E. Nelson; firs wife,
f to me known to be the person S descn'bed in and who executed the foregoing instrument and tfiey acknowkdt~d
before me that t(>ey a:ecuted the same.
Wt1'NESS my hand and official seal in the County and State last aforesaid this day of
August A. D. l9 79.
. .,71~~
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A[IJitsr r~GHARLES Ft. i'• EiROYVN
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