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HomeMy WebLinkAbout1963 • J and shall perform, comply with and abide 6y each and every the agreements, stipulaltoris. conditions and covenants thereo/, and of iht: mortgage, then Ihis morlgnge and the estate herby creased, shall cease. de- termine]~and~ bs null and void. nlll~ the mortgagor hereby fwfher covenants and agrees to pry promptly when due the principal and inte?rsl and other sums of money provided for in said note and this mortgage, or either: to pay all and singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perly; to permit. rnmmtf or su//er no wade, impairment or deferiomfton o/ said land or the improuemenis thereon at nny time; to deep the buildings now or hereafter on said land fully insured in a sum of not less Ihan N~A in n 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 iruwance the mortgagee shall have the right to receive and apply the same to the indebtedneu hereby secured, accounting fo the mortgagor /or any surplus: to pay all costs, charges. and expenses, including lawyer: fees and title searrhes, reasonnbly•incurred or paid by the mortgagee because of the /allure of the mortgagor to promptly and fully comply with the agreements, stipulations, rnnditions and covenants of said note and this mortgage. or either; to perform, comply with and abide by each and every the agreements, altpulations, eondittons and covenants set forth in said note and this mortgage or eilher. In the event the mortgagor /ails to pry when due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this mortgage, or either. the mortgagee may pry the same, without waiving or a//acting the option to foreclose or any other right hereunder, and all such pny?nents shall bear interest from date thereof of the highest law- (ul mfe Ihan allowed by the Laws o/ the State o/ Florida any sum of money herein ref erred to be not promptly paid within (30~ days next after the same becomes due, or if each, and every the agreements, stipulations, rnndilions and covenants of said note and this mortgage, or either, are not fully performed, rnmplied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire 6nlance unpaid thereon, :hall forthwith or thereafter, at the option o/ the mortgagee, become and 6e due and payable, anything in said note or herein to the confrory notwithstanding. Failure 6y the mortgagee to exer+ctse any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or this merfgage accrued or Ihereaf ter accruFng. ~n ~t~~SS thereof, the said mortgagor has hereunto signed and sealed these presents the . day and year first above u~riffen. Signed, sea and delivered in a presence of : f E STATE OF FLORIDA, t COUNTY OF I HEREBY CERTIFY that on this day, before are• an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowkdgmenu, personally appeared AKIHUR S . POWIIZS to me known to be the person described in and who executed the foreRoinq instrument and ~ acknowkd8ed ff E }x[orc me that ~ executed the same. ' N~17:~IESS my hand and official sea! in the County and State last aforesaid this '~d day of Jatn>ely A. D. 19 Y ~ I~tota~y c 1980 JAN I I ~tl~ I i ~ 27 My CoaLTassion bcpires : ~ FLIED I~ND fECORDED i ST.LUCIE CDUNTY.FLA. NOTARY ?t16LIC STATE OF FLORIDA AT LARGE I RCtGERPCtfTRAS MY CO`1tAtSStO?J E,PiRES 1ULY.18 1981 CtENK CIRCU,T CQtSRj _ RECCtD ~'E"~:=t:_ °~J~,P---- tIONDED THRU GENcRFI fNS. U^10ERWRITt:RS - _ 4'72:332 . ' • J - G:< ~ Thij lrulrr„»~»~ pn?prrrrd by:A. Panlpia ~ '1'~ P U ~ . IawYers Title Ins. Corp. r AJrficss 9999 S. U. S. 1 F c,: F ~ ~ Port St. I~cie, Fla. 33452 '