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HomeMy WebLinkAbout1507 and shall perform, comply with and abide by each and every the agreements, stipulations. conditions arsd covenants ehereoj. and of this mortgage, then fhb mortgage and the estate herby created, shall cease, de- termine]~and~ be null and void. ~11~{i the mortgagor hen+by jwther covenants and agrees to pay promptly when due the principal and interest and other sums of money provided joy in said note .and fhb mortgage, or either; to pay aU and singular the faxes, msessments, levies, liabilities, obltgatto?u. and encumbrances of every nature on said pro- perly; to permit, rnmmit or suffer no waste, impairment or deterioration of said land or the improvemenb thereon at any time; to keep the buildings now or hereafter on said land fully insured in a sum of not less than TWENTY TWO THOUSAND FOUR HUNDRED TWENTY TWO DOLLARS--no/100- tn ncompany or compantei acceptable to the mortgagee, the policy or polities to be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue oj. suck insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to pay all coats, charges, and expenses. including lawyeri Jess and title searches, reasonably tncttrred or paid by the mortgagee bemuse of the failure of the mortgagor to promptly and jolly comply wish the agreements, stipulations, conditions rend eovenanb of said note and thb mortgage, or either; fo perform, comply with and abide by each rend every the agreements. stipulations, conditions and couenanis set jorlh in sold note rend this mortgage or either, ?n the event the mortgagor jails to pay when due any tax, assessment, iruuranee premium or other stun of money payable by virtue of said note and this mortgage, or either. the mortgagee may prey the same, without waiving or njjecting the option to foreclose or any other right hereunder, and all such payments shall bevy interest from date thereof at the highest law- ful rate then allowed by the [awe of the State of Florida. any sum of money herein ref erred to be not promptly paid within days next after the same becomes due, or ij each and every the agreements, stipulations. conditions and covenanb of said note and this mortgage, or either, are _ not fully performed, complied with ,.rend abided by, then the entire sum mentioned in said note, rend this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Fniltsre by the mortgagee to exerrtse any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or fhb mortgage acrnied or thereafter accruing. ~tl ~ltlleSS ~~Of, the said mortgagor has hereunto signet/ and sealed these presents the day and year first above urritten. sealed and delive din the presence oj: - . h~ ? arold L. Baud u . G~ ~ Mary Boudreau STATE OF FLORIDA. covNTY of St. Lucie I HEREBY CERTIFY that on this day. be[ore me. as officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Harold L. Boudreau ~ Maly E. Boudreau, his wife to me known to be the prsson described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this 12 day of Nov. A. D. 19 79 / _ 466258 ~ / . - ~toT~flr rwi~c srAif a ~wiucA AI was C Bill GOMMtSSIOtY t7VIRB MAY. 23 tfi3 , ' 6 ~ ~ ~ bOf~OfD ittfW GbMRAI INS . tAt 9' . i. F+ ~ _ ST. LCC:i: f V? Y. ~ . r I ROG:_R P(tl l Vii;.: - V ~ . . 9. - ; r T/ru hWr»? rent prepna~! by: Jackie Talalnine - ~ . Arfdrr~s First National Bank of Fort Pierce flKc~c~ P.O. Box 970, 300 S. 6th St., Ft. Pierce, Fla. 33450 804KJ>:V PAGEie~