HomeMy WebLinkAbout2975 and :hall perfotyrt, comply with and abtde'by eac~ and suety the agnerrtents, etlpulatfoni, conditions and
covenant: thereof, and of this mortgage, then this mortgage and the estate herby canted, shall cease, de-
termine and be null and void.
the mortgagor Newby further covenants and agnw !o pay promptly when dw the principal and
interest and other sums of money provided jot in said note and this mortgage, or either; to pay all and
singular the taxes. assessment levies, liabilities, obligations, and enctunbr,ances of every Wotan on said pro-
pe?ly: to permit, rnmmit w sujje nD waste. impairment or deterioration of said land or the improvements
therrcn at any fame; to deep the buildings now or hereafter on said land fully insured to a stun of not less
than N/A
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and.pnyabb
to, said mortgagee, and in the event any sum of money becomes payable by virtue bj such instuance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jar any surplus: to pay all costs, charges, and expenses, tnclttdtng lawyer i fees and title
searches, reasonably Incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
oral fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; fo perform, comply with and abide 6y each and every the agreements, stipulations, rnnditions and
covenants _set forth in said note and this mortgage or either. In the event the mortgagor jaib to pay when
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due any tax, assessment, insurance premium or other stun of mone~ flaya6le by virtue of said note and thin
mortgage. or either, the mortgagee may pay the same, without waiving or of
jetting 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 allowed by the Iaws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 30 days next offer
the same becomes due, or if each and every the ngreements,.stipulafions. rnnditions 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 the entire balance unpaid thereon, shall forthwith or
thereafter, ut the option of the mortgagee, become and be due and payable, anythl'ng in said note or herein
fo 1he conlrory notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute nwaiver-of any rights or options under said note or this mortgage accrued or
thereof ter accruing. `
~n ~t~~SS ~h~euf, the said mortgagor has hereunto signed and sealed these presents the
day and year fine above -u~ritfen.
Signed, sealed and delivered in the presence of
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STATE OF FLORIDA,
couxTY 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 acknowledgments, personally appeared
ANDREW QUINTON 240RRIS, SR., FRANK J. SMREKAR, ANDREW QUINTON MORRIS, JR.
to me known to be the persons described in and who executed the foregoing instrument and they ackrwwlcd~ed
before me that they executed the same.
~YI7NESS my hand and official seal in the County and State last aforesaid this 2 ( day of
March A. D. 19 80
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