HomeMy WebLinkAbout1911 and shall perjornr, ~ onrply with and abide by each and evtrry the agreamtnfs,; stipulation's, condiftons and
covenants thereof, and of this mortgage, Ihert t/tis mortgage and the estate `~ie~6y created, shall cease, de-
termine and be null and troid. -
>tin~ the mortgagor hPn•by further covenants and agrees !o pay promptly when due the principal and -
interesf and other sums of money provided for in said note and this mortgage, or either; fo pay all and
singular the fares, assessments, levies, liabilities, obligations, and encumbronces of every nature on said pro-
pertY: to permit, commit or suffer ?to u~asle, impairment or deterioration of said land or the improvements
thereon of any limp: to /cape t/r'e buildings now or hereafter on said land fully insured in a sum of not less
than -full insurable value thereof
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in 1hP Puenf any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same fo the indebted?tess hereby secured, accounting
to the morfga{Ior for any surplus; fo pay all costs, charges, and expenses, including lawyers fees anc[ flile
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either, to perform, comply tuith and abide by each and r•r~ery the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or Pilher. /n 1/te event the mortgagor fails to pay when
due arty tax,-assessment, insurance premium or oilier sum of money payable 6y virtue of said note and this
mortgage, or either, IhP mortgagee may pay the same, without waiving or affecting the option fo foreclose- _
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate then allowed 6y dtP laws of the State of Florida.
any sum of money herein referred to be not promptly paid within thirty days next niter
f/tP same becomes due, or if each and every the agreements, stipulations. conditions and covenants of said ~
note and this morf(fgye. or Pifher, are cwt /ally performed, complied with and abided 6y, then the entire I
~ sum mentioned in said note, a?td this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at flip option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary notu,ilhstanding. Failure by the mortgagee to exercise any of the 'rights or options. herein
provided shall not constitute a waiver of any rights or options under said Hole or this mortgage accrued or
thereafter accruing.
~n ~itneSS ~heCeof, flip said mortgagor has hereunto signed and sealed these presents the
1
day and yeor first above u•ritlen.
Sfgnedy sP Pd and dPlivP Pd i hP r Pnr-P of
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ILUMI~~,~ILO T. GABAY -
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STATE OF FLORIDA,
cOC.~\TY OF ST . LUCIE
_ I HEREBY CERTIFY that on this day, be[ore me, an
officer duly authorized in the State aforesaid and in the County aforrsaid to take acknowledgments, personally appeared I
LOUISITA Y. GABAY
to me known to be the person described in and who executed the foregoing instrument and She acknowledged
Ixforc me that She executed the same.
~~'17'~ESS my hand and official seal in the County and Stat~• last aforesaid this 25th day of
March A. D. f9 80
_ _ _ _
Nb - -Y PU - C, State o Florida
at Large -
My Commission Expires ~ .
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t tilORllfiY t)IALK AA1>c CF ao111t]A y~. ~ - .
ter cot~rsstol+t tult~s sfpr : 9N ~ f
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T/ris Ins~n»»~»t prfxrrd by: Vincent A. Lloyd, Esquire
Addmu Post Office Box 33450 pdGE~~O
Ft. Pierce, FL