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HomeMy WebLinkAbout2950 1 and shall per)orm, comply with and abide by each and every the bgreements, slipulafions, conditions and cotenants thereof, and of this mortgage, then this mo?fyagp and the estate hereby created, shall cease. de- termine oral 6e null and raid. ~n~ fhp morfgator hemby )urther covenants and agrees fo pny promptly when due the principal and intpres! and other sums of money provided for in said note and Ibis mortgage, or either; to pay all and singular the tarps, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perly: fa frermil, commit or sll)Jer no urasle, impairment or deterioration o) said land or the improvements fhernan of any limp; fo ~epp the buildings. nosy or hernaJtp? on said land )ally insured in a sum of not less than X28,000.00 in fire and windstorm insurance in a company or companies afCPptable t0 IhP mortgagee, the policy Or pollCle3 10 6e held by, and payable fo, said mortgagee, and in the event any sum of money becomes payable 6y 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 )or any surplus: to pay all costs, charges, and expenses, including lawyer's Jees and title ~ searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly ~ and )telly comply with tltp agreements, slipulafions, conditions and covenants o) snid note and this mortgage, ~ or either; fo per)orm, 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 morfgagor Jails to pay when due any tax. assessment. insurance premium or other sum of money payable by virtue of said note and this morlgagp, or either, the mortgagee may pay the same, without ~tvaiving or affecting the option to )oreclose or any other right hereunder, and all such payments shall bear inferesf• from dale IhpreoJ nt the hfdhest law' ~ I ltd mtp then allowed by the lours of the $fafe of Florida. I ~l any sum ul money herein rp(errpd to by not promptly paid within 20+++ days next a)ler the same becomes dap, or if each and every the agreements. stipulations. conditions and covenants of said Holt and this morlgagp. lit either, are not fully performed. complied with and abided by. Ihen the entire stem menliorlpd in said note, anti this morlgnge, or the entire balance unpaid thereon, shall Jorfhurith or therna)ter, of fhp option of the mortgagee, become and be due and payn6le, anything in said note or herein to the contrary nohuithstanding. Failure by the mortgagee to exercise any of the rights or options herein + jt pmtielpd shall not consfitufp a u•alrpr of any riffhfs or options under said note or this morfgoge accn?ed or I Iherea(lpr accruinff. ~n witness whereof, the snid morfgagor has hereunto signed and sealed these presents the i day and year Jirsf abor•p u•rilfpn: ~j ~iyn • s led am a eve din hp prnspnc-e oJ: - r 1 . _ _ _ _ or.Q/ ~ . I i f ~ ~ l STATE OF FLORA):\, t I COl'`TY c )F St . Lucie ~ I HEREBY CERTIFY that on this day, before me, an ' a ~ ~ ~ officer duly authori?rd in the Starr aforesaid and in the (:ounty aforesaid to take acknowledgments, personally appeared EzeY.iel L. Jerkins and Lucy 0. Jerkins, his wife, ,,,tit,:::. , - '~~re, ~ to me known to br the p• rwn described in and who earcutrd the torcgo~nq instrument andtreS' %-te~o~.... . j before me that trey executed the same. l N'IT\F.SS my hand and official seal in the County and State lsst aforesaidi this lyre t1 ~ ~ ~ i v. 19 , - y _ ~ Not+~r vWb6t, sate of Flnl;d. ,t ~ ~~i 23 (powsswa Elcpra k,,•. 15, 1483 1~~~0 lUIR 2 ~ ~r.w h ~...Ir.. tM a c..nw v ~ p Ir1iC FtCOicu[p ~T~UCtE COUNtY.f~A. j it ~(~R PBITRA j ~A~t CIRCt11T CptiR g j ~ l lice /re~lr???ttr?t/ err ?~rrr•el % F . A . H ~ rri s ! iR ecms~(]] ~A{ Qp f f ~ 41 C Oi~ ange ~ Avenue , BOOK327 ~ dGE ~c~`t0 E .1.hlrr~~ ` Fert Pierce,Fla. a