HomeMy WebLinkAbout2722 and shall perform, comply with a??d abide by encl? and every ilia agreements, afipulaltoria, conditions and
covenants thereof, a??d of fht: mortgage, then this mortgage and •ti?e estate hereby created, shall cease, de-
lermi??e a?td be nt?11 and void.
end the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and
interest and other st?rru of mo?tey provided for in said Hole and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encµmbronces of every nature on said pro-
perty: fo permit, rnmmif or st?f
ter no waste, impairment or deterioration qj, said land or the improvements
therec?t at arty Time; to beep the buildings noun or hereafter on said land fully Insured in a sum of no[ leu
than $10.500.00
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same fo the indebtedness hereby secured, accounting
to the mortgagor for any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and title
searrltes, reasonably tr?cterred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, rnndttions and covenants of said note and thin mortgage,
or either: to perform, rnmply with and abide by each and every the agreements, stipulations, conditions and
covenarts set f
orlh in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessme?tt, insurance premium or other sum 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 [aw-
ful mte then allouret/ by the Inu~s of the State of Florida.
~l any sum of money herein referred to 6e not promptly paid within 30 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 perjot~r?ted, complied with and abided by, then the entire
sum mentioned in said note, a?td this mortgage, or the enttre bnlance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, bernme and 6e due and payable, anything in said note or herein
to the, contrary notu~tthsta?tding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not co?tstifttte a u~att~er of any rights or options under sold note or this mortgage accrued or
thereat ter accruing.
~n ~itneSS ~hQ!'~Of, the said mortgagor has hereunto signed and sealed these presents the
day artd year first above t?~rttfPr?.
Signed, Sealed and delivered in the presence of
. . - -ru,~:~~.--~-~~--~-----
7~~~• ELMA SPENCER
STATE OF FLl)RiDA,
Cc)U~TY c)F St. Lucie
I HEREBY CERTIFY that on this day, before me. an
officer duh• authorized in the Stair aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Elora Spencer
to me known to 1x• the person described in and who ezccuted the [orettoing instrument and She acknowledged
before me that She executed the same.
1~'17~\ESS my hand and official seal in the County and State last aforesaid this q~3'~-`~ day of
November A. D. 19 79.
• L~.~CIe
.
• •t,~ ,~•~,y >tx: NOTARY PUBLIC
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