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HomeMy WebLinkAbout1973 a • and shall perform, comply with and abide 6y each and every the agreements, sttpulattona, condttiorts and cotenants !hereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- te?mine and be null and void. ~d the mortgagor hen~by further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in staid note and this mortgage, or either; to pay all and singular the tuxes, assessments, levies, liabilities, obligations, and encumbronces of every Walrus on sntd pro- perty; fo 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 land fully insured in a sum o/ not less than its insurable value in a company or companies acceptable to the mortgagee, the poltcy or policies to be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable 6y ulrlue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any swplus: to pay all costs, charges, and expenses, including lawyer's (sea and title searches, reasonably incurred or paid by the mortgages because of the failure of the mortgagor to promptly and ju[[y comply with the ngreements, stipulatfons, conditions and covenants o/ said note and this mortgage, or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor /ails to pay when due nny tax, assessment, insurance premium or other stem of money payable 6y virtue of said note and this 1 mortgage, or either, t/te mortgagee may pay the same, without waiving or affecting the option to foreclose 1 or any other right hereunder, and all such payments shall bear interest from date t{tereof at the highest lnw- (ul rate Ihen allOWetl by the la WS Of the Slate Of Florida. .8' I~ JI any sum o/ money herein referred t0 be not promptly paid within thirty days next after j the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said II note and this mortgage, or either, are not fully performed, complied with and abided 6y, 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 6e due and payable, anything in said note or herein to the contrary noturithstandin~. Failure by the mortgagee to exercise any of fire rights or options herein provided shall not consfifule n waiver of any rights or options under said Hole or Ihis mortgage accrued or Ihereafler accruing. ~ ` ii ~n ~l~l'SS ~ht~~f, the said mortgagor has hereunto signed and sealed these presents the day and year first a6ote u•ritfen. THIS IS A B~1Lti0CN NY.IKPC~~ AND THE FINAL PAYM~NP OR THE E~ DLL UP~i3 M~1~3RI'!'Y IS $31,493.04, R~L~~R WI'Ifi Si Wed, sealed and deli red in the presence of : IIttI'F;RES`j', it - - - • S S LS I l~ RST, T J - - - - Q- - - - -c-..__ Q n~L NSE oinefaa er ORNE ALKE QUINN STATE OF FLl)RIDA, ) Cl)L'\TY OF ST. LUCIE i I HEREBY CERTIFY that on this day, before me, an officrr duh• authorized in the State aforesaid and in the C my aforesaid to take acknowledgments, personally appeared Joseph Stalls, William C. Furst,~~ohn Mallonee, and Osborne Walker O'Quinn to m~• known to lx the p•rson $ described in and who ezecuted the foregoing instrument and {ahp acknowledged Ix•forr me that they ezccutcd the same. ~ N ~ N'ITtiF.SS my~ hand and official seal in the• (:ounty and State last aforesaid this - ~ ,day of November, o. 1979. a;ttrittl:inie;~~~ t , My commission expires : - - 'Y - Notary -P _ lie . - -....:,r~~.,.__.., NOTARY PUBLIC, STATE OF FLORIDA AT LARGE State o Floridd ~.a~~ r ~ • • MY COMMISSION EXPIRES NOV. 16, 1980 _ ~ ~ . ; BONDED BY AMERICAN FIRE 8 CASUALTY COMPANY ' ~ THIS INSTRUMENT PREPARED BY: 4800 .ref°e'+stt;. JOHN T. BRENNAN, ESQUIRE ~i Brennan, McAliley, Hayskar tr McAliley Post Office Box 3779 t,r~ _5 f"' Fort Pierce, Florida 33450 F,E`C f,,,4l.ccb~~t~ ST. LIfCIE CCI;N~ ••f E~' i ROGEZ PO{jRAS CLEKK GF.CGt~ CGC. j d~3~9 ~a~Ei961