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HomeMy WebLinkAbout2051 ~ ~ 1 - and shall perform, comply with and abide by each and every the agreements, atipulattoni, conditions and covPnartls thereof, acid of this mortgnpe, then this mortgage and the estate hereby created. shall cease, d~- tPIm1/1P and be null and twirl. end fhP mortgagor hereby further covenants and agrees to pay promptly when due the principal and irtferesl and other sums of money provided for in sold note and this mortgage, or either; to poy all and st?tgular the tares, assessments, levies, liabilities, obligations, and encumbrances of every nature on sold pro- pPrfy: fo permit, commit or strjfer no waste, impairment or deterioration of said land or the improvements fltPrPCrt of arty tlmP: fo lrPPp the bttlldings Hour or hereof IPr o?t said land Jolly instued to a sum of not less than. highest insurable value. in a company or companies acceptable fo the mortgagee, the policy or policies to 6e held by, and payable fo, said morfgageP, acid in the euenf any sum of money becomes payable by virtue of such tnstua?tce fhs mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any strrpltrs: to pay all costs, charges, and expenses, including Iawye's fees and title searches, rPasortably incurred or paid by the mortgagee because of the fatlttre of the mortgagor fo promptly and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage, ' or either: fo perform, comply with and abide by each and every the agreements, stipulations, conditions and covPnarrts set forth in said note and this mortgage or either. In the event the mortgagor jails to pay urhen due any fax, assessment, insurance premium or other sum of money payable by virtue of snid Hole and this morfgape, or either, ihP mortgagee may pay the same, without waiuing or affecting the option to foreclose or any other right hereunder, and all such payments shnll bear interest from date thereof at the highest law- ful rate then allott•erl by the laws of ihP Stnte of Florida. " ~l any sum of mo?tPy herein referred fo be not promptly paid within Thirty days neact njfer the same hPCOmPS due, or if each and every the agreements, stipulations. conditions and covenants of said note acid this morfgactP. or Pifher, are not fully perfor~rted, complied with .and abided by, then the entire sum mentioned in said Hole, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, of fhP option of the morfgageP, become and bP due and payable. anything in said note or herein to ihP contrary nofu•ifhslanding. FailtrrP by the morfgageP to exercise any of the rights or options herein - provided shall not constitute n u~aivPr oI any rights or options under said note or this mortgage accrued or Iht•rPa f her nccrning. ~ ~n ~ifneSS ~~CtOf, Ihr• said mortgagor lens IrPrettnto signed and sealed these presents IhP day and ye nr f irsf n~.or•e a cif It•n. Signed. sealed and d?~liecrnd iI,• the pmsoncP of -Flatness J e enn ' - - q Witness o. Dougla D. Far ing j ~ ,J f Ii! ! ' STATE OF Ff~, ~'ri r ~ I HEREBY CERTIFY that on this day, before ttu, an officer dul~• authorized in the State aforesaid and in the County aforesaid to take acknowledgments. personally lppeared Jane N. Lennon 5 Douglas D. Farling to me known to be the prrson S described in and who executed the foregoing instrument and Who acknowkdRed Ixforc me that they executed the same. N'i'l MESS my hand and official seal in the County and State last aforesaid this y ~ daY ~ - ; - A. D. 19 80 . , ff ; 43553 ~ C NOTARY PUBLIC ~ ~ is ~ri ~ s2 - i~ - : ~~s4 Ap MY COMMISSION EXPIRES J FN•EO ft+C PECO?tCiO CARL A. KOENIG ' ST.L(?CIECOilNTY.fLA- :Votary PuDllc. State of Oho - Cuya. Cty. • ROGER POITRAS My Commission Expires Ysy 16, 19$,T • - 61.ERK CIRCUIT COb~ N~ JkNn~Q 9n1~ PREPARED BY: _ i*I/!S i•11J//1lAlfll/ p/fp/!/f[I hy: CHELSEA TITLE & GUARANTY COt•' ' I 6000 S. U. S• i. PORT ST. LUCIE. FI-O~• 1 . r! '~r~i~RSt INSTRUMENT VlAS PREPARED INCIU~ WRITING OF A TITLE INSURANCE i .....r eir~C