HomeMy WebLinkAbout0008 artd shall perform, r-omply toifh and al,ide by Pach Aral PhPry the agreements, stipulations, conditions and
cat•ertnrtts tltereu/. artd o) this mortgarfP, then this mortgage and IhP estate hereby created, shall cease, dP-
1P?minP and bP null anti void.
~ndfhP mortgagor hemby further covenants and agrees to pay promptly when due the principal and
interest and other sums of mousy provided for in said note and ttits mortgage, or either; to pay all and
singular the ta.tfPS. assessments, levies, liabilities, obligations, and encttmbronces of every nature on said pro-
. perly: to permit. commit or salter no was1P, impairment or deterioration of said land or the improvements
the?rc•n at any time; to I;PPp 1hP buildings note Qr hPrPaf ter on said land fully insured in a sum of not less
titan full insurable value
in n company or companies acceptable fo the mortgagee, Jhe policy or policies to be held by, and payable
to. said mortgagPP, erne! in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have fhP right to recPll~P and apply the same to the indebtedness hereby secured, accounting
to the morlgn{far for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and idle '
searches, reasonably incurred or paid by t11P mortgagee because of the failure of the mortgagor fo promptly '
and folly comply tviflt tltP agrPPntertts, stipulations, conditions and covenants of said note and this mortgage,
i or Pitller; to perfo?nt, comply tvit?t and abide by Perch and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the moMgngor fails to pay when
j due any tar. assessment. insurance premium or other sum of money payable 6y virtue of said note and this
morlgagP, or either, the mortgagee may pay the same, tuithout waiving or of
feeling the option to foreclose
or any other right ItPrPUndPr, and all such payments shall bear interest from date thereof at the highPS! law-
( )ul rate then allowed by the lams of the Staff of Florida.
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l any sum of money herein re)errPd to 6P not promptly paid within 15 days next niter
the same I,PfamPS clue. or if Perch and PrPry 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 note, and this mortgage, or fhP entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagPP, become and 6P due and payable. anything in said note or herein
fo the contrary nottvttltsfmtdinq. I'ailurP by the mortgagee to exercise any of the rights or options herein
proridc~d shall not conslilufe a waiver of any rights or options under said note or this mortgage accrued or
L fherealfer accnrinry.
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~n ~itneSS whereof, the said mortgagor Ilan hernunfo signed and sealed These presents rhP.
day and year first aboe•e u~rillPn.
Siryned." sealed and deliver in the presence of
i . ~ JOR F . ~iORGTO
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~ STATE OF FLORIDA,
c(n•~•rv ciF ST. LUCIE
I I~EREBY CERTIFY that on this day, before me, an
otfirer duh• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
JORGE R. `tURGIO and ''ABTA HI. «U'RGIn, his wife
to rm• known to }N. the person described in and who executed thr foregoing instrument and t}IC acknowledged
1 ~ fMfUfe Ir1C that they executed the same.
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\~'Il\ESS my hand and ofiirial sral in thr• Counh• and State last aforesaid this _3zc^•'~• ..~4`~ar.,of
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- ~ 1980 NAR 10 A~: 3' ~ 2 . , ' _ • . • ~ ~ E
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' 7%i.. ~dSl/1/lJlflf/ Prr~cfricl hy: SCOTT M. KEN!iEY
A!torney At !aw ~IK327 8
,•1c%lrrc` 515 S. I!:'1!R'i RIVER DR. GF!~K PbGE I
FT, PIERCE, FL 3345D
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