HomeMy WebLinkAbout1480 and shall perform, comply urith and abide by ench and every the agreements, stipulalioris, conditions and
covenants thernuf, and o) this morfgaae, then this mortgage and the estate hereby crealetl, shall cease, de-
Iwmine and be rudl and void.
~nd the mortgagor hereby further covenants a?ed agrees fo pay promptly when due the principal and ~
infernst and other slmu of money provided for in said note and this mortgage, or eIlher; fo pay all and
singular flte taXPS, assessnu•nls, leaies, lial>ilities, obligations, and encumbrances o/ every nattu-e on said pro-
perly: fo permit, commit or suffer ?to waste, impairment or deterioration of said land or the improvements
thPrer•n nt any time; to Iteep the buildings nou? or hereafter on said land (ally insured in a sum o/ not less
than full insurable value.
iu a comtxtny or /•ompouies acceptable fu IhP mortgagee, the policy or policies fo be held by, and payable
to, said mortgagee, and in IhP event any sum of money becomes payable by virtue of such Insurance the i
mortgagee shall have Ilre rigltf fo rer'PllrP Qnd apply fhP same f0 the indebted/tess hereby secured, accounting
to fhp mortgagor for any stl?pltls: to pay all costs, charges, and expenses. including lawyer's fees and title
searches, rnasonr/bly incurred or paid by the mortgagee because of the /allure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and Phis mortgage.
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covPnarlts set forth in said note and this mortgage or either. In the event the -mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said Hole and this .
mortgage, or either, the mo?I,ryagpp may pay the same, u)ithout waiving or affecting the option to foreclose
or any other right hereunder, and all such paymentsLLShall bear interest from date thereof at the highest lour-
ftll rate thert a11011r1.•d 1)y the talc's Of the State Of r'lOrlda. ~
i! ^rss ~r ......erY ~ePtri., rr•Irrrc•%I fn {.o nr.l Lr~n?nnlly nnirl tuilhin 3Q daVS next of ter
the same bl'cOme$ due, or if POCK and every the agreements. stipulations: conditions and covenants of said
note and this ntorfgaye, or either, am not fully 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 morhladee. become and by due and payable, anything in said note or herein
to the contrriry nolu•Itbslandind. Failure by the morfgagPp to exercise any of the. rights or options herein
provided shall not r•oastifufP n u~airer of any ri~lhls or options under said note or this mortgage accrued or
therna f ter arcruin~t. TMIS I$ A BALLOON MORTGAGE AND THE FINAL PAYM
OR THE B 'CE DUE UPON MATURITY IS 11 94 . S
~n ~d~tness thereof, tlrr• ~airl ~~~~~1t>~11~`~~I~ gr~t~g~r! t~s,,,~se,t~,dtp
day and year first above u•riuPn' ADVANCEMENTS MADE BY THE MORTGAGEE UNDER' T
~irpu•d, serilPrl tend livened in 1hP p •s •nr-e ofTE MS OF THIS MO AGE.
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Sl':\TE OF FLORID:\,
ca~l-~-t-y t)F ST. LUCIE ~
I tiF.RE131' C:ER7'1F'Y that on this day, before me, an
of(i~ er duk auth~,rized in the StaU• aforesaid and in the Count~• aforesaid to take acknowledgments, personally appeared
LYNN R. FERRARO and CATHERINE S. FERRARO, his wife,
to nn• knossn to tk~ th~• p•rurng described in and who executrd the iure¢oing instrument and they acknowledged
i
trciure me that theyexccuted the same.
111'1\ESS rris~ hand and official seal in the (:ounty~ and State last aforesaid this day of
r -
October n. t9 79. `~~.•a. ' y~'~,
~
- Notary ublic :~...o:: ~
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~ Si±~tv~E`c~~r;~•i:~i`;:. NORII~MLRtTAItE ~Y~' ~
ft 0 v = R P JiAY ~~i1~0 l
017 R t, ~ tTERS V :
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77ia llrrlraulr•al f~l~l$?'.A",~iOLDMAN
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8028 S. Federal HigFtrtrsy G'~`11~ •