HomeMy WebLinkAbout1158 and shall perform, rnmply with and abide by each and every the agreements, stipulations, conditions and ~
covenants thereof, and of flits mortgage, then tots mortgage and the aatate herby croated, shall cease. de-
termine and be null and void.
the mortgagor Newby further covenants and agues to pay promptly when dw the principal and
inte?eat and other stuns of money provided for in said note and this mortgage, or either; to pay all and
singular the taxes. assessments: levies, liabilities, obltgattons, and encumbrances of evertr nattu+e on said pro-
_perty; to permit, commit or suffer no waste, impairment or deterioration of said lastd or the improvements
thereon at any time; to keep the buildings now or hereafter on said land jolly tnstu+ed in a sum of not less
than its insurable value
in a company or companies acceptable to the mortgagee. the policy or polities to be held by, and payable j
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insttronce the ~
mortgagee shall have the right to receive and apply the same to the indebtsdneu hereby secured, aceotutting
to the mortgagor !M any surplus: to pay all costs, charges, and expenses. including lauh+er a Jess and title
sear+chea, reasonably incurred or paid by the mw'gagae because of the jailur+e of the mortgagor to promptly
nrtd juQy comply with the agreements. stipulations, cnnditions and covenants o/ said note and this mortgage,
or either: to perform, comply with and abide by each and every the agreemerus. stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event- the mortgagor jails to pay when
due any tax. 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, without waiving or ajf
acting the option to jorecloae-
or any other right hereunder, and all such pnymenta shall bear interest from date thereof at the highest law-
ful rate then albwed 6t' the laws of the State of Florida.
aey sum of money herein t-ef
erred to be not promptly paid within thirty days next after
the same becomes due, or tj each and every -the agreements, stipulations, conditions and covenants of said -
note and this mortgage, or either, are not jolly performed, complied with and abided by, then 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
to the contrary notwithstanding. Failure 6t' the mortgagee to exercise any of the rights or options herein
provided shall not constitute a wntver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
DII ~lftitSS ~~Of, the said mortgagor has hereunt sign d sealed these presents the
day and year first above written.
Sig ,sale an delivered in the presence of
- -
J. Mi - rennan
I - - - - _ . -
- -
E sine B. Brennan
I ~ -
STATE OF FLORIDA,
couNTY of ST. LUCIE
I HEREBY CERTIFY that oa this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
{I J. Michael Brennan and Elaine B. Brennan, his wife
to me known to be the person gdexribed in and who executed the foregoing instrument and Whp acknowledged
before me that theyexecuted the same.
j~ WI"fNESS my hand and official seal in the County and State last aforesaid this f .day of
September, A. D- 19 7 9 .
~ r
My commission expires : ~ f
- tart'--p- --1~ .c-.~."- .
Statek o Fo ids': L~ ` ' `
at tale of
T ~~fAtA1SJA ~ t;`,`
THIS ..NSTRUMENT PREPA.t~ED BY
tttl.tt:t;t`'
John T. Brennan, Esquire
Brennan, McAliley, Hayskar & McAliley t i
Post Office Box 3779
Fort Pierce, Florida 334517
ii ' 8~~317 P~~1157