HomeMy WebLinkAbout2902 and shall perform, comply wills and abide 6y each and every the agreements, stipulations, conditions and
covenants thereof, avid of this mortpaye, then this mortgage and the estate hereby created, shall cease, de-
termine and Ire null and void.
the mortgagor Itprt+by f wther covenant: and agrees to pay promptly when due the principal and
irrfpres! avid other sums of money provided for in said note and this mortgage, or either: to pay all and
singular the tarps, asspssmpnls, IPVips, liabiltlips, obligations, and encumbronc~ of every nature on said pro-
pprfy; fo permit, commit or stiffer no u~aate. impairment or defertorotton of sold land or the improvements
Ihprrcrt al arty limp; to Rppp the buildings now or hereof
ter on said land (ally insured to a sum of not leas
than none
in a company or companies accppfable to the mortgagee, the policy or policies to be held by, and payable
to. said mortgagee, and in the event any sum of money becomes payable 6y virtue of such tnsturotnce the
mortgagee shall harp the right fo receive and apply the same to the indebtedness hereby secured, accowtting
to the mortgagor for any str?pltrs; to pay all costs, charges, and expenses, Including lawyers fees and title
searches, reasonably irtctrrrpd or paid 6y the mortgagee because of the failure of the mortgagor fo promptly
and fully comply u~ilh the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, rnmply with and abide 6y each and every the agreemenls, stipulations, conditions and
covenants set forth in said mote and this mortgage or either. In the event the mortgagor /ails to pay when
due any tax, assessment, 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 waiving or of
feeling the option fo /orecbse
or any other right hereunder, and all Strch payments Shall bear infprnst from date rhereoJ at the highest law-
ful rate then allatacrr by the laws of the State o/ Florida.
arty sum of mortpy herein referred fo be not promptly paid within 15 days next after
the same becomes dire, or i f each and every the agreements, stipulations, rnnditions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance turpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, 6ernmp and 6e due and payable, anything in said note or herein }
to the confrory notwithsfandiny. Failure 6y the mortgagee to exercise any of tl~e rights or options ~heretn
prorir{ed shall not cortslilrrtp n u~airpr of any rights or options under said note or this mortgage accrued or t
thprea f ter accnring. t _
r
~n ~U~tneSS whereof, f{te said mortgagor has hereunto signed and sealed these presents the
day and year f ins above trritlen. 1
Signed, alert and delivered in 1hp presence of : j
E ENE R. McLAU IN
STATE OF FLORIDA,
COCtiTY OF $t , Lucie
. I HEREBY CERTIFY that on this day, before me, an
officrr duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
EUGENE R. McLAUGhZIN, a single adult,
to me known to be the person described in and who executed the foregoing instrument and he acknowledged
heforc me ttt~t . - he executed the same.
' "'W~j' +i{yy.__Iuritl and official seal' in the County and State last aforesaid this day of
t • ~ • c,E• , .
. ,
,
. _ .
. _
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N
' - ; - ~ 0 RY PUBLIC
- ~ - " ~ ~ ' ~ ~ ~ z ' ~ STATE OF FLORIDA AT LARGE
y ;C,Wpe~$>D,dibr Expires . ~
M ~
199 DEC 3 ! AN ~ t 3
AS yn FILED Ak0 RECOROtO
HOTARI' ?u6ltC St~TI t>F RtkIQ~ Af ST. IICIE CWNTY.FLJ?.
tt1Y t:rJMJMISStp~y EJ~ ` R~GER POITtiAS
THRIt ~ AIR . ~ pT~E CLERK WACIJIT T
tt~ ~~t1ERS `y RECORD \'E'RIFEFD._
T ~7~-~~
SPENCER B. GILBER
17irj I~ulrau~»t prcpnrfd by: ATTORNEYS AT LAW _
~1 Jdmtt P. O. BOX 3388 A
n~rrv~t• CI (1RItlA e~,~R~`~ w.n~