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HomeMy WebLinkAbout0779 - ~ - _I Y' • - ~ and shall perform, comply with and abide 6y~nch and et~e?~! the agreements, stipulations, conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby c?eated, shall cease, de- termine and be null and twirl. 7i~Ihe mortgagor he?uby further rnvertanfs and agrees fo pay promptly when due the principal and irtteresf and other sums of money provided jor in said note and this mortgage, or either; fo pay all and singular the fares, assessments, teuies, liabilities, obligations, and encumbrances of every natttre on said pro- perly: to permit. commit or stiffer no waste, impairment or deterioration of said Land or the improvements ~ therecn at any time; fo keep the buildings now or hereafter on sold land fully insured in a sum of not less ~ than full insurable value in a company or companies acceptable fo 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 to the indebtedness hereby secured, accounting to the mortgagor jor any surplus; to pay alt costs, charges, and expenses, including lawyer i fees and title searches. reasonably incurred or paid 6y the mortgagee 6ecatue of the failtrr+e of the mortgagor to promptly and jolly comply with the agreements, stipulations, rnndifions and covenants of said note and this mortgage. or either; fo pe?jorm, comply with and abide by each and euery the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the euenf the mortgagor jails to pay when due any tax, assessment, insurance premium or other stun of money payable 6y virtue of said note and this mortgage, or eifher,~ the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shalt bear interest from date thereof at the highest Iaw- juI mte then allowed by the laws of the State of Florida. ~L any sum of money herein referred to be not promptly paid within ---3U-----days next ajte? _ the same becomes due, or if each and euery the agreements, stipulations. conditions 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 Hole, and this mortgage, or the entire 6alpnce unpaid ther+ewn, shall forthwith or thereafter, at the option of the mortgagee, become and 6e due and payable, anything in sold note or herein to the contrary notu~ilhstanding. 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 this mortgage accrued or thereafter accruing. ` ~n ~tbleSS ~~~f, the said mortgagor has hereunto signed and sealed these presents the day and year first above u~riffen. Signed, sealed and deliv red 'n the preSPllCp of : ~ r / R W HAN K~/ BILL JEAN HANCOCK i i 6 STATE OF FLORIDA, I COUNTY OF ST. LUCIE I HEREBY CERTIFY that on this day, before me, as officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared ELI~R W. HANCOCK and BILLIE JEAN AANCOCK, his wife to me known to be the person g' described in and who executed the forrgoinq instrument and they acknowkdsed before me that they executed the same. F K 17 i1TESS my hand and o[ficiai seal in the County and State last aforesaid this ~ day of ' ' January A. D. I9 80. / _ - = ~ G'G~t1...--~- Z8 No ary Pybl Staff bid- a~,7,arge 4 My CoTnmiss on Expi ~ l FILED /ENO pECpf;pk0 - 5 ST4~`~Cf~T~$A. NOTARY P~fIIIC STa.if O~ ~IQRJQ11 R P T Mr COMNTISStC1rt EXPIRES OR .1' t1:~t T CLERK CtR~ _ OOPOffl tHRU C~tv~.RAt INS :3tr~fRWRt1~ RECORB VERIFIED-- ~ ' 4'~'~w~ This 1111lJ't/l!!f/I/ p>'cparr'd by: {jR c~ ~ THIS INSTRUMENT pREPARCO BY BbOK~~~~rJ / Atll~il'SS CHARLES R. P. BROWN ~.0. •OX Isis sot s. eTN ~nar pICRGE, FIORtpA ~3se0