HomeMy WebLinkAbout0758 ' T
•
and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
cot+enants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be atilt and void.
end the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for ins said Hole and this mortgage, or either; to pay all and
singular the taxes. assessments, levies, liabilities, obligations, and encum6ronce: of every nature on said pro-
perty: fo permit, commit or suffer no waste, impairment or deterioration of snid land or the Improvements
thereoh al any time; fo steep the buildings now or hereafter on said Land fully insured in a sum of not less
than SIX THOUSAND FIVE HUNDRED SIX DOLLARS ---88-/Y00---------------------
fn acompany or companies acceptable to the mortgagee, the policy or policies to 6e held by, and payable -
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secure_ d, accounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's jeea and title
searches. reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either: to perform, comply with and abide by each and every the agreements, stipulations, conditions and -
cot+enants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
dies any tax, assessment. inswance premium or outer sum of mo?tey payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay fire same, without tualving or affecting the option to foreclose
or any other right herqunder, and all such payments shall bear interest from date !he?eoj'at the highest Iaur-
lul rate then allowed by the laws of the Slate of Florida. -
Dl arty sum of money herein referred to be not promptly paid u+ithin days Hex! after
the same becomes due, or i( each and every the agreements, stipulations, conditions and covenants of snid
note and this mortgage. or either, are not jolly performed, complied with ~nnd abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, -shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in snid note or herein
to the contrary notu+ithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall Hat constitute a u+aiver of any rights or options under said note or this mortgage accrued or
Ihpreafter accruing.
~n ~~tness thereof, the said mortgagor has hereunto signed and sealed these presents the -
day and year firs( above a+ritfen.-
Signed. sealed acid dPlit+erpd in the prpSPn('P Of_
harts 'II
mie M. Culbreth
STATE OF FLORIDA,
cotrxTV OF St. Lucie
I HEREBY CERTIFY that on this day, txfore me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Charles A. Culbreth III and Jamie M. Culbreth, his wife -
to me known to be the person deuribed in and who executed the foregoing instrument and they acknowkdRed
befurr me that they. executed the same.
NIT\ESS my hand and official seal in the County and State last aforesaid this 8 cam- r.OC=,
.eK -
~~'rs
April a- D. 19 80 = ~°i~ (J7~~'j ~~(~{r`
/ ice.
.~~a~(1
j r~ r~ Stir •
4L~~Gi I ~j ttaOillRlr ttllhltt AAiE OF ~ ~ • ~i -
% ~ tllY GOAA11tSSION ODIRB YAY~ ~I~~~?~ r'{~ i
19SQ APIt I I AN i~ 40 ~ tlon,oEO IItRt! cwt INS . uw>E~rt~ =
t -
srR~o~~
e;~+C~ii~h'
Kaac tals~r
ttE80H VERIFIED
1%i_c Ins~nn»t•»~ prtpnred ly: Jackie Talamine
First National Bankof Fort Pierce
P.O. Box 970, Ft.Pierce, Fla. 33450 g~~ PhCE