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HomeMy WebLinkAbout1772 - w_ arld shall perform, comply luith and abide 6y each and every the agreements, stipulafto?is, conditions and covena?Ifs Ihereoj, arld of this mortstaste, then this mortgage and the estate hereby created, shall cease, de- (errnirle alld 6P IIIIII Qrld t.01(l. Ti1N~ fhP mortgagor hereby further rnvenanfs and agrees to pay promptly when due the principal and irlleresl and other sums of money provided for to said note and this mortgage, or either; fo pay all and singular the ta.rPS, assessments, levies, liabtlifies, obligafio?IS, and encumbrances of euery naftur on said pro- perty; fo permit, commit or sift ter ?lo waste, impairment or deferiorolion of said land or the improvements therrcrl at arty time; to beep the buildings rlow or hereafter on said land fully insured to a sum of not less than full intsurable t?al~t~ irl a company or comps?ties accepts a fo the mortgagee, the policy or policies to be held 6y, and payable fo, said mortgagee. and in the event any sum of money becomes payable 6y virtue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting fo the mortgagor for any surplus; to pay all rnsts, charges, and expenses, including lawyer's fees and title searches, reasonably incurred or pain by the mortgagee because of the failure of the mortgagor fo promptly and fully comply u~ifh the agreements, stipulations, conditions and covenants of said note and this mortgage, or either; fo 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 fails to pay when due any tax, assessment, insterance premium or other srrm of money payable 6y virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- jtd rate then allowed by the Ia?us of the State of Florida. i D! arty st)m of mo)ley herein rp/pned fo be not promptly paid within 30 days next of ter the same becomes dire, or if each and euery 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 sum mentioned in said note, -and this mortgage, or the entire balance unpaid thereon, sllnll forthwith or thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary notu~ithstandirlg. Failure by the mortgagee to exercise any of the rights or options herein provided shall riot corrstittlte a waiver of any rights or options under said note or this mortgage accrued or fhereafler accruing. ~n ~itneSS ~heCeof, flee said mortgagor leas heretrnfo signed and sealed these presents the ` day and year first above tvritfpn. Signed, s nd dPlive in the presence of : , _ _ - - - - -WI~,L~AM ALLEN MORRIS - --F - ,.GCg~ - - - - - - I ~ ~ ij - - - - . , ; STATE OF FLORIDA, cou~TY cIF ST, LUCIE I IiEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appearrd WILLIAM ALLEN MORRIS, a single man to me• known to be the person described in and who executed the (ongoing instrument and he acknowledged I~etorc me that Z'lg executed the same. VVI7'A'ESS my hand and official seal in the County and State last aforesaid this 16tH day of r A. D. 19 79 • - - _ , . . . , - . , - , p i~7TARY PUB~,IC -STATE OF FIJDRIT3A AT ' - - Notary FU.;CK, State of F!orwa at" Largt j ~ ~ C• r. ,Ij , ~ h{~- C_.r.,~us:ian x~:res Qd. 31, 1981 . ~ - ST.~~~%i! CvJ.~ ~ f1:, b:ca1 Li we,e..:+~ F.n b Gs..avr Co~r-0u/ E - ' - RCGPZ POiT~t,5 ; CLEicK %iR~C: ; ;G I 4f 6438 I%is Lu~nanf~t~ prcpr,rd h~': LEE E. MUSCHOTT, ESQ. ~'~e~c~ A~lrfn~r 715 Delaware AMenue Fort Pierce, Florida 33450 ~