HomeMy WebLinkAbout0211 and shall perform, comply with and abide by Pach and every the agreements, sttpuhafioni, conditions and
covenants thereof, and o1 this mortgage, then this mortgage and the estate hereby created, shnll een:e, de-
termine and be null and void.
Tin the mortgagor ?tert+by further covenants and agrees to pny promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either, to pay all and .
singular fhP~rtxPS, assessments, levies, liabilities, obligafio?ts, and encumbrances of every nature on said pro-
perly; fo permit, commit or suffer ?to u+astP, impairment o~ deterioration of said land or the improvements
fhPrec?? of any IimP; to IrPep the htrildings now or hereafter on said land fully insured in a sum of not less
than full insurable value
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the Pt+ent any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right fo ra•eive and apply the snme fo the indebtedness hereby secured, accounting
fo the mortgagor for any surplus: to pay-aII costs, charges, and expenses, including lawyers fees and Iifle
searches, reasonably incurred ur paid by fhP mortgagee because of the failure of the mortgagor to promptly
and fully comply u+ith the agreements, stipulations, conditions and covenants of snid note and this mortgage,
or either: fo perform, comply with and abide 6y each and every the agreemerds, 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, assessntP?tf, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without wniving or of
feeling the option fo foreclose
or any other right herPtrnder. and all such payments shall bear interest from date thereof at the highest lnw-
ful rate then allowed by the tau+s of fhP titate of Florida.
~f a?iy sum of money herein referred fo be not promptly paid within 30 days next after
the same becomes due, or ij 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
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at 11!^ ^^r%^^ ^j !h°. !!`^~~!!!!~!pP. bPCnme and bP due and payable, anything in snid note or herein
to the contrary nolu+ifhslanding. Failure ?,y t?te mortgagee to exercise any of the rights or options herein
provided shall not constitute awaiver of any rights or options under said Hole or this mortgage accrued or
thereafter accruing.
~?n ~itnfss whereof, f?rP said mortgagor has hereunto signed and sealed these presents the
day and year first abODP u'rilfen.
Sig? d, sealed and delivered in the prnsence of . /
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STATE OF FLORIDA,
{ CO[: \TY OF St • Lucie
€ I HEREBY CERTIFY that on this day, before me, an
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officer duh• authorised in the State a(orcsaid and in the County aforesaid to take acknowledgments, personally appeared
ff~ E. Hoyd Shoff
to me known to Ix• the p•rson described in and who executed the (orrgoin4 instrument and he acknowledged
Ix•(ore me that he executed the same.
~ t,~'I"1~:\ESS my hand and official seal in th+• C:ounty and State last aforesaid this 27th day of
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~ November A. D. 19 79
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' t~tStary Public ~ ~ ~ ~
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' 28 : is 3=~ ~o
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UiC~~~~ ~'1' i.r~ • ~ Irly Commission Expirese i ~ v o; ~i }
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46'7419 ~ .
Notary Public. Sta?~~ ~,t ~~or~Aa attar i
f~1v Commission Exp~tes Jan. 8,1963
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