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HomeMy WebLinkAbout2902 • - _ _ and shall perform, comply with and abide by each and every tha agreements, stipulations. conditions and covenants thereof. and of Ibis mortgage. them this mortgage artd the estate ?tereby created, shall cease, de- termine and be null and void. ~11d the mortgagor hereby ftuther covenants and agrees Io pay promptly when due the principal and interest and other sums of money provided for in said note and Ibis mortgage, or either; to pay nil and singular the (axes, assessments, levies. Itabilitias, obligations, and encumbrances of every nature on sold pro- pe?fy; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements Thereon at any time: to beep the buildings now or hereafter on tnid Land (oily insured in a sum of not less Than in a company or companies acceptable to the mortgagee. the policy or policies to be held 6y, and papa?.le to, said mortgagee, and in the event any sum o/ money 6eeontes payable by uirttte of such insuronre the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for anp sttrpltu: to pay al! costs, charges, and expenses. including lawyers fees and line searches, reasonably incurred or paid by the mortgagee because of the failtue of the mortgagor to promptly and (ally comply u?ith the agreements, slipulattona. conditions ar:d covenants of said note and this mortgage. or either: to perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor (ails to pay when due any tax, assessment. insurance premium or other sum o/ money payable by virtue 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 al! such payments shall bear interest from date thereof al the highest lau~- (ttl rate then allowed by the laws of the State of Florida. ~ l~ any sum of money herein referred fo 6e not promptly paid wif{ein, thirty 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 fully performed, gomplied with and abided by. then the entire - strm mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable, anpthtng in said note or herein to the contrary notwithstanding. Failure. 6y the mortgagee to exercise any of the rights or options hPfPiR provided) (hall not constitute 4 u+aiver of any rights or options under said note or this mortgage accrued or ,fherea(fer accruing. i ~n ~p~[ii~is W~L~OIs the said mortgagor has hereunto signed and sealed these presents fhP day and year first above u.riften. Signed. s led and delivered in the presence of : j j i - ~ ~ , . 5 ' ~ i 4iI 9 - I STATE OF FLORIDA, COUNTY OF S t . Lucie I HEREBY CERTIFY that on this day, beton me, an ~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personalty appeared i Mattie Alexander ~ i ~ to me known to be the person described in and who executed the toregoinq instrument and She acknowledged i ''s tietore me that StlQxecuted the same. ' t -?lYt<~' 'ESS my hand and otticial seal in the County and State last atoresaid this 17th daY ~ ! i I ~1 Bch A. D. 19 80 , s - _ - NOTARY FUSIIC STATE OF FLORIDA AT LARGE ' s FILEDrt~C F_':•.t•c-' v MY COMlA1SSlO,v EXPIRES DEC 19 1553 j S ROGER PptBTR:F:i t TftRU GENil:i~l INS l,:~rDzRYiRi TERS CLt;RK CIP.CIGT COL'?'P ~ ~ %7ns Itulnun?-tr~ pnpnrcd /y: Syrelda Troy _ ~ :1./~/rru P.O. Box 8 Sun Bank of St. Lucie County - ~ ' Ft. Pierce, FL 33450 _ OR~7 n.rt~~