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HomeMy WebLinkAbout1170 and shall perform, comply with and abide 6y each and every the agnerrtenb, atipulattons, conditions and rnnennnts thereof, and of this mortgage, then thin mortgage and the estate herby crated, shall cease. de- termine and be null and void. Tll{f~ fhP mortgagor hentby further rnvennnfs and ogt~eea to pay promptly when dw the principal and interest and other sums of money provided for to said mots and this mortgage, or either: to pay nl! and singular the faxes. assessments, levies, liabtlitiea, obligations, and encrunbroncea of every rtatun on said pro- perty: to permit, rnmmtf or suffer no waste, impairment or deferiorotion of :aid land or the improwmenta fherecn at any time; to 4eep the buildings now or hereof ter on said Land fully insured to a sum of not less char highest insurable value. in a rnmpany or companies aeceptnble fo the mortgages, the policy or policies to 6e held by, and pnyabb to, said mortgagee, and in the event any sum of money becomes payable by virtue of such tnstuance the mortgagee shall haw the right to receive and apply the same to the indebtedness hereby sscur+ed, neeounttng to the mortgagor for any stsrplua: to pry all costs, charges, and expenses, includt-tg lstvyer's fees and title aearrhes, reasonably incurrrd or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and fully comply with the agreements, stipulations, conditions and cownants of said note and this mortgage. or either: fo perform, comply with and abide by each and awry the agreemsnta, stipulations. conditions and covenants set forth to said note and this mortgage or either. In the event the mortgagor fni4 to pay when due any tax, assessment, insurance premium or other sum of money payable 6y virtue of avid note and this mortgage, or either. the mortgagee may pay the same, without waiving or of fecttng the option to forecbae or any other right hereunder, and all such payments shall bent Interest from date thereof at the highest lnw- f ul rate then allowed by the laws of the State of Florida. any surn of money herein ref erred to 6e not promptly paid within Fifteen days next after the same bernmes due, or if each and every the agreem:rnls, stipulations, conditions and covenants of said note and this mortgage, or either, are not fully performed, compked with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, - ahaU f or~hwtfh or thereafter, nt the option of the mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not constittrle a waiver of any rights or options under said note or this mortgngs accrued or therraffer accruing. ~n ~ul~ ~h~YOf, the said mortgagor has hereunto signed and sealed these presents the dry and year first above written. Sign Baled and delit•ered to the presence of : ~ A a" L.S. - -------r O ~ ss F~=+ ~A. Leal > ' - .1 L--.4~..... ..~.f'4 L.S. Mtnes~ ~ ~ 1-a fine Leel d L.S. i L.S. ~ - a STATE OF FLORIDA, COVNTY of St. Lucie 1 HEREBY CERTIFY that on this day. be(orr tne~ ao officer duly authorized in the State a(oreuid and in the County a(oreuid to take acknowkdsments, personally appeared Frank A. Leeland & Elaine Leeland, his wife to me known to be the persorg described in and who executed the (orcgoinR instrument and yrhp acknowkdsed before me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this 30th day of November A. D. 19 ~9. . _ _ _ ~ N U L - - ~ ..;::i'. T~LUC~E ~ ~ ti- r~ FLA. OTARY IC . RECOpa =!T ~~,uR MY COMMISSION EXPIRES: MDa " - Mpt~y ot~uc su?t a aalfa? ~ t,~ 3 3 26 ~t,M,~sstt>", t~rl~ts t~,? f. f..: , 468017 Thri Inslnimrnt prrpaad by: Betty J . Ba 1 dwi n f;X ~ Addrrrs CHELSEA TITLE & GUARANTY COMPANY ~',~iX~ paGF~~ 201 S. 2nd St., Ft. Pierce, F1 33450