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HomeMy WebLinkAbout0884 • and shall pi`s f orm, comply with and u6ide lsy each anal `srery the agreements. stipulation's, conditions and cot+enanls thereof, and of this morfgape, then this mortgage and the estate hereby created, shall cease, de- fermine artd 6e rtttll artd void. I>!n~ the mortgagor Itervby further covenants and agrees to pay promptly when due the principal and interest and other sums of money prof+tded for in said note and this mortgage, or either; to pay all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nnfttre on snid pro- perfy; to permit, commit or suffer no waste, impairment or deterioration of said land or the Improvements IhPrPCn at arty limp: to beep the buildings now or herPaf ter on said land fully insured in a sum of not less than fully insurable value in a company or compa?ties atreptablP 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 by atrtue of such insurance the mortgagee shall haVP the right to rPCeit+P and apply the same to the indebtedness hereby secured, aceounttng to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and title sParrhrs. rrasor:ably incurred or paid 6y the mortgagee because of the jailtur of the mortgagor to promptly and fully comply u+ifh the agreements, stipulations, conditions artd covenants of said note and this mortgage. or either; to perform, comply u+ith and abide 6y each and et+ery the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any fax, assessment, insurance premium or other sum uj money payable 6y virtue of said note and this mortgage, or either, the mortgagee may pay the same, tuifhouf waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- f ul rate `then allou+ed by the laws o f the State of F~orida. ~L any sum of mo?tey herein referred fo 6e not promptly paid within thirty days next after the same becomes dtre,,or if each and plrPry fhP agreements, sfipulatiorts. conditions and covenants of said note and this mortgage, or either, are not fully performed, complied with and abided by, Ihen the entire sum mentioned in snid mote, and this mortgage, or the entire balance unpaid !hereon, shall forthwith or thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary nofwithsfanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not constitute a u+aivPr of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~I~eSS ~heCeof, the said mortgagor has ItPfPllntO signed and sealed these presents the day and year first above trritfen. $ignPd, Sealed and PIIt+P P 111 the. pI SP! P Of Kenneth Y.. Derr r. p i k • ` STATF. OF FLORIDA, COU\TY OF St. Lucie I HEREBY CERTIFY that on this day. before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmcnu, personally appeared ~ KENNETIi L. DELEVANTE, JR. %tb'.it~• k~oMrn to be the person described in and who executed the tore¢oinq instrument and he acknowledged ~•~iiefoic:rn~''tflat he executed the same. K'ITl!iE~S my hand and official seal in the County and State last aforesaid this 26th day of 1 ~'~l~~Ch . 8U - - ~ ~ _ _ Y PU - L - , ~ S ~ - LORIDA AT LARGE ~ !9~0 MAR 27 A!~ ~ 4 6 rItED AtiO `=C4ROtU My Commission Expires St.LUCtE r,F,UKjY.FIA. R06ER P017RA5 QIERK C1RCUl~~ TARP PIALIC STATE Of fLORI0J1 AT l/1tOL,E R:W+~t ~'EP.i~t_^ AAY COMMISSION EXIIRfS 1AN. T6 1902 iONDED THRU GEt~RAI INS . tAVDERrNR I TERS f ~ l7iis hu/nmrtn~ prrprnt-J hy: Ben L. Bryan, fir. i A~~dr-ct P.O. Box 323© 2 Fort Pierce, Ffcrida ~ppj e~.~ P~ i 33450 ~ ~ ~