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HomeMy WebLinkAbout2195 and shall psrjorm, comply with and abide by each and every the agreements, atipulattona, eondittona and I rnvenants thstjeoj, and of this mortgage, then this mortgage and the estate herby created, shall cease, de- termine and be nttii and void. the mortgagor Newby further eouenanis and agrees to pay promptly when due the prtnctpal and tnteres! and other sums of money provided jor in said note and fhb mortgage, or either; to pay all and singular the tares, assessments, levies, liabilities, obligations, and encumbr+ancea of every nature on aatd pro- perty: fo permit. rnmmit or suf jer no waste, impairment or deterioration of said land or flee improvements thereon at any time; to keep the buildings now or hereafter on said land fully insured in a sum of not leas than highest insurable value. in a company or companies acceptable to the mortgagee, the polity or policies to be held by, and payable to, said mortgagee, and in the et?ent any sum of money becomes payable by virtue of stub inatunnce the .L_If L,.., ~L,. _t..1.~ ..nwiv ~:.w~~. In 1~... sn~e{.la~w~~~ iswi•v ~are~~wi ~avv~pnlinn to the mortgagor jor any surpltu; to pay all costs, charges, and expenses, including lawyer's jean and title searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply with fire agreements, stipulations, conditions and covenants of said note and this mortgage, or either; to perform, rnmply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and fhb 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 fhb mortgage, or either. the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all stub payments shall bear interest from date thereof at the htghest bw- f ul rate then allowed by the Incas of the State of Florida. ~l any sum of money herein referred to be not promptly paid within Fifteen days next after the same becomes due, or if each and every the agreements. stipulations. conditions and covenants of said note and this mortgage, or either, are not fully performed. complied with and abided by, then the entire stun mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall jorihwith or thereafter. at the option of the mortgagee, become and be due and payable, anything in acid note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~~uleSS ~~©ly the said mortgagor has hereunto signed and sealed these presents the 1 day and year first above written. ~ Signe sealed and delivered in the presence of I! ~ - l -r-- -..,:+~..:1.-~: ~ L.S. ~~t,~ ; d"~'ram 0. Petersen - ~ - L.S. Witness i - L.S. ~ L.S. I i STATE OF FWRIDA. COUNTY OF ST. LUCIE I HEREBY CERTIFY that on this day. before me, an ~ officer duly authorized in the State aforcuid and in the County aforesaid to take acknowledgments, personally appeared JORAM 0. PETERSEN to me known to be the person described in and who executed the foregoing instrument and Who acknowledged before me that he executed the same. WITNESS my hand and official seal in the County and State last aforesaid this ~ dij .ot A. D. 197 9 . • l ~ ~ I • - - Notary u is ~ My Commission Expires: ST.LL''li: ~".tt:1 a H/KtC STATE d ItOR{pf! y RCGERi':~I~~ Mt ~UMMtSS10N t;JVlftfS NOAf. q NN E:.i:kJiCiftC:F.7L.'~rT ~Dt'IOEU ~MR1I ~ tafNELy 116. {fltafLlllV~ ~ tz ~.,pr ~ 9 y 464936 - I7iu I,w,umcm prrparrd by: Betty J . Ba 1 dwi n i~ Addrrss CHELSEA TITLE & GUARANTY COMPANY - Z::)K~.tiQ P!C~zi~ 201 S. 2nd St., Ft. Pierce, F1 33450