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HomeMy WebLinkAbout0945 and shall perform, comply wtfh and abide 6y each and every the agreements, slipulalioni, eottdltions and covenants thereof, aced of this mortgage, then Ihis mortgage and the estate hereby created, shall cease, de- termine and be nuU and tbid. the mortgagor Iterttby further couenartls and agrees to pay promptly when due the principal and interea! and other sums of money provided for in said note and Ihis mortgage. or either; to pay alI and singular the taxPY. assessments, levies, Ilnbtlilies. obltgalions, and encumbrances of every nature on said pro- perly; fo permit. rnmmif or sett ter rto waste, impairmen! or deterioration of said Land or the improvement Iherecn al any IimP; to Iteep Ilte buildings now or hereafter on said land fully insured in a sum of not less Ihan maximum insurable value in a company o? companies acceptable fo the ntorfgagee, the policy or policies to be held by. and payable to, said moirtgagee, and in the eue?tf ony sum of money becomes payable 6y virtue of such insurance the mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounttng to the mortgagor for any surplus; fo pay all costs, charges, and expenses, including lawyer': fees and title searches, reaso»ably incttrrecl or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply urilh the agreemertls, stipulations, conditions and covenants of said note and Iht mortgage, or either: to perform, comply witli and abide 6y each and every the agreements, stipulations, conditions and covenants set farfh in said note and this mortgage or either. In the event the mortgagor fails to pay when due ony tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this mortgage. or either, the mort,agee may pay the same, without waiving or of f ecfing the option io foreclose or anv other right hereunder, and all such payments shall bear interest from date thereof at the highest law- - ful rate then allo?ved by the laws of the State of Florida. , - )l any sum of money herein re(prre~d fo ?,e not promptly paid within thirty days next nffer free same I,eromes due, or if each and every the agreements. stipulations. conditions and rnuenants of said note and this mortgage, or either, are not fully performed. complied with and abided 6y, 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 6e due and payable, anything in said note or herein to the confmry nottuifhstandiny. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any riphls or options under said Hole or this mortgage accrued or Iherea(ter arrnting. ~n ~itnCSS ~hereofr the said mortgactur has hereto o signed and sealed these presents the day and year first a?,ove tvrillen. s Sinned, sealed aced delivered-'n the presc•nre o(: '1 ~i~ RO RT CAMBROPJ , M . D . _ - NAR B... ~ , M ~ t- ~ r>~~'L.~w } STATE OF FLORIDA, ! cOI;xTY OF ST. LUCIE ` I HEREBY CERTIFY that on this day, before rne, an officer duli• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared ROBERT CAMBRON, M.D. and LEOPARD BERG, M.D. to me known to be the persons described in and who exrcuted the fore¢oing instrument and they acknowledged before me that theyexecuted the same. h I ~ N'l7~ESS my hand and official seal in the County and Statr• last aforesaid this -~'S~ day of I A. D. 19 7 9 . s I • ~ fit/ f 1~-:!~'--C-~~L' - - _ ` ~ ~ ! Notary ubl-c - State of Florida , . ;fl;,,~~ at Large. My Commission Expires: i ~ ;,~j(~i I ~•/~r ~ Neeory Pu~lie, Stote of f'orida at large t IAy Camm~ssian Expires Feb. 3, i980 ~ /'s,rs ` ~ tcrnded br M?ericas fir. i casualty Gw yi 'J(~}]r~t This Irwnim~ni pnpr~nd hy: !1K ~,tt,,~f 3~~K319 PAGE 943