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HomeMy WebLinkAbout1327 . _ - - - - - - _ _ ~ : .aw and shall perform, comply with and abide 6y each and every the ogreements, stipulations, conditions and covenants thereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and 6e null and void. Ttl~ the mortgagor hereby further covenants and agrees to poy promptly when due the principal rend interest and other sums of money provided for in said note and this mortgage, or either; to prey all and singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- pe?ty; to permit, commit or suffer no waste, impairment or deterioration of said land or the Improvements thereon at any time; to keep the buildings now or hereafter on said Innd fully iruured to a sum of not less than FffTEEN THOUSAND ONE HUNDRED FIVE DOLLARS _---no/loo-------------- in acompany or eompnnfes acceptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, rend in the event any sum of money bernmes payable by virtue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby teetered, accounting to the mortgagor for any surplus: to pay nil costs, charges, and expenses, including lawyei s fees and title searche:. reasonably incterred or paid 6y the mortgagee because of the jailors of the mortgagor to promptly and jolly comply with the agreements, stipulations, conditions rend covenants of snid note and this mortgage, or either: to perform, comply with rend abide by each and every the agreements, stipulations, conditions and covenants set forth in said note rend this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurance premium or other sum of if~oney payable 6y virtue of said note and this mortgage, or either, the mortgagee may prey the same, without tualving or of jetting the option to foreclose or any other right hereunder, and nlI such payments shall bear interest from date thereof at the highest law- ful rate then allowed by the laws of the State of Florida. ~l any sum of money herein referred to be not promptly paid u~ifhin days next after the same becomes due, or i f each rend every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not fully performed, complied with,.•and abided 6y, then the entire sum mentioned in snid note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, nt the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary notwithstanding. Failure by toe mortgagee to exercise any of the rights or options herein provided shall not corutitute n waiver of any rights or options under snid note or Chia mortgage nccneed or thereafter accruing. ~n ~I~~SS ~~~f, the said mortgagor has hereunto signed and sealed these pre:eats the day and year first above written. Signed, sealed and delirered in f e presence of h R. Cle e . Mabel B. Clemenzi E - i I i STATE OF FLORIDA, COUNTY OF St . Lucie ~ I }IEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Joseph R. & Mabel B. Clemenzi, his wife to me known to be the person described in and who executed the foregoing instrument and acknowledged before me that executed the same. W}TNESS my hand and official seal in the County and State last a[oresaid this 28 day of S Sept . A. D. 19 79 s Y t r ~ CrT ,.4 ym•nt~nucs>~ho~t~,ofna~~w~i?~= " ~ 31 I 12 ~i t t .NT i t7~tRPS OLYr~~~C`~"' d, ~ ~1~.:r}tr rHfl1 (~~xPal tNS':t F FILED 1~K[::•`-tit?cCt 1 . ~ ~T.I.UCtE CL•t~Y(Y.fLA. ~ S~i,\ v 'R06ER POITFAS - „ PCC~'iJ' ~'-^:trr ^ ~ ~K f i T/ris I»~n»» r»r prcpnrr~/ hy: Jackie Talamine ~ First National Bank of Fort Pierce' Ok AP`~'~`. Box 970, Fort Pierce, Fla. 33450 8QOK318 PAGEl322