HomeMy WebLinkAbout0205 •
and shall perform, comply with and abide 6y eac~ a~d~ every t~e`;ug?eementa, atipulnltoris, rnnditlons and
covenants thereof, and of this mortgage, then ff~is mortgage an the estate hereby crnated, shall cease, de-
te?mine and 6e null and void.
~d the mortgagor hen+by jwther covenants and agrees fo pay promptly when due the principal and
internst and other sums of money provided for in said note and fhb mortgage, or either: to pay all and
singular the taxes, assessments, levies,. liabilities, obligations, and encumbrances of every nature on said pro-
pe?fy: to permit, rnmmit or strf
jar rto waste, impairment or deterioration of said land or the improvements
Iher'PCrt at any lime: to beep the btrildingx now or herPUfter on said land jolly insured in a sum of not less
than
in a comtxrny or companies acceptable to the mortgagee, the policy or poltcies to 6e held 6y, and payable
to, said mortgagee, and in the even! any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the ?ight to receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or eillter; fo perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in'satd note and this mortgage or either: In the event the mortgagor jails to pay when
due any tar, assessment, insurance premium or other sum of money payable 6y 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 rinht herPtrnder, and all such payments shall bear interest from date fherroj at the highest law-
(ul mte then allotverl by the loos of the State of Florida.
• ~l any sum of money herein relPr'rPd t0 be not promptly paid within days next of ter
the same becomes due, or if each and Pvery the agreements, stipulations. conditions and covenants of said
note and this mortgattP, 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 foHhwifh or
thereafter, at the option of the mortgagee, become and 6e due and payable: anything in said note or herein
to 1hP contrary notwithstanding. 1=a~lurn by the mortgagee to exercise any' of the rights or options herein
provided shall not cOrlstltlrtP a U~AII~Pr of arty rights or options under said note or this mortgage accrued or
therna f ter accruing.
_~Il ~ltllfSS ~het'fof,- flte said mortgagor has hernunto signed and sealed these presents the
day earl year firs) above written.
Signed, sealed and delivered in t?te presence of
Witnes:!'~/" o art W. Watts
.sf~--_- - - -
Witness
f
1. .
STATE OF FLORIDA,
CnL'\TY OF St . Lucie
I HERF.Bl' CERTIFY that on this day, before me, an
ottirer duly authorized in the Stair aforesaid and in the County aforesaid to take arknowledgmenu, personally appeared
Robert W. Watts
to mi• known to Ix thr prrwn described in and who executed the foregoing instrument and Who acknowledged
heforr mr that he executed the same.
?k'I'1'\F.SS my hand and ottirial seal in the (:ounty and Stair last aforesaid this e2'y~ day of
March A. D. 1980.
~C1L't ~J, ~
. .
Notary Public . %T • t`y
a~~ .9 lli, 2~ AIy Co>tmtission Expirce: .
.1 t;__~
~ ll~fILOANCPl1:bRUtO ~:.e.~. s}~{•[+~,~r~:; tt_l:.•~~:~
SLLUCI CQJY1Y.flA. ~ ,''ytai.'~-bi, i1s3.~ '
ROGER pOlTltaS ~ ~ • ~ ~ 4
gIERK ~ Q
~~eal~ ~~ra~l:~ fr.~ ~ `Gl
4 X2394
!leis I?utrnn?nti pr~pnrrd hy: _
AJdrrss 6L'~ L~ PAGE