HomeMy WebLinkAbout1099 and shall perform, comply with and abide 6y each and every the agreements, sfipulatioris, conditions and
covenants thereof, and of this mortgage, then this mortgage and the eafafe hereby created, shall cease, de-
fermine and be null and twirl.
Ill the mortgagor hereby further covenants and agrees to pay 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 the taxes, assessments, !cotes, liabilities, obligations, and enctunbronces of every nnfttre on said pro-
perty; fo permit, commit or suf
jar no waste, impairment or deterioration of said land or the improvemenb
fherecrt of any time; fo keep the buildings nou? or hereafter on said land fully insured in a sum of not less
than the highest insurable value thereof
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 6y virtue of such inswance 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 costs, charges, and expenses, including lawyer's Jeea and ttt[e
searches, reasonably. incurred or paid 6y the mortgagee because of the jailttre of the mortgagor to promptly
and fully comply u~ilh the agreements, stipulations, conditions and covenant: of said note and this mortgage.
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. /n the event the mortgagor jails to pay when
due any-tax, assessment, insurance premium or other sum o/ money payable by uirfue 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-
ful rate Ihen allowed 6y the lotus of the State of Florida.
~f any sum of money herein referred !0 6e not promptly paid within 10 days next after
the same becomes due, or tf each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not jolly performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid !hereon, 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. Failure by the mortgagee fo exercise any of the rights or options .herein
provided shall not constitute a waiver of any rights or options under said note or Ihis mortgage accrued or
thereafter accruing.
~n witness ~heCeof, the add mortgagor has hereunto signed and sealed these presents the
day and year final above tvriffen.
Signf sealed and de ive a prrsenc f . ~
David B. Jo ston
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STATE OF FLORIDA,
COL'\TY OF St. Lucie
1 I HEREBY CERTIFY that on this day, before me, an
otticer duly authorized in the State aforesaid and in the County aforesaid to take acknowltdgments, personally appeared
g
DAVID B. JOHNSTON
~ to me known to be the person descritxd in and who ezecuted the torcgoinq instrument and he acknowltdRed
~ I txtorr me that he ezecuted the same-
~ `.:'17'~:£S ~ my hand a~i official seal iu th~• (:uuni~• anu ~iaie Iasi aforesaid this ti day of
December A. D- 1979.
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u ST.LU~t~ • -u. Notary tic; State of Fla. at Large
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CLr_. _ _`',RT My Commission Expires:
a f ~ • • • - ~ - Notth? rtt6ic, State of fkrida at large
nQ tJw Cettnttissioa pines 21, 193
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