HomeMy WebLinkAbout2883 and shall perjorm, comply with and abide by each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and void. '
>ti~ the mortgagor Iten•6y further cotenants and agrees fo pay promptly when due the principal and
tnteresl and othe? sums of money provided for in said note and this mo?lgage, or either; to pay all and
singular the faxes, assessments, ferias, linbililies, obltgations, and encumbrances of every nature on aafd pro-
perty: to permit, commit or suffer no waste, impairment or deferiorotion of said land or. the improvements'
thernon of any lime: to peep the buildings now or hereafter on said land fully insured in a sum of not less
than SIX THOUSAND FIVE HUNDRED SIX DOLLARS ---88/100---------------------
in acompany or companies acceptable to the mortgagee, the policy or policies to be held 6y, 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 fo receive and apply the same to the indebtedness hereby secured, nccotrrtting
to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y 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 with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax. assessment. insurance premium or other sum of money payable by virtue of said note and fl(is
mortgage, or either, the mortgagee may pay the same, without tuatving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dote thereof at the highest lain-
f ul 'rate then allowed by the laws of the State of Florida.
1
~l arty sum of money herein referred to be not promptly paid u~ifhin days next after
the same bPCOmPS due, or if each and etery the agreements, stipulations. conditions 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, at the option of the mortgagee, become and 6e dire and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
protidecl shall not constitute a tr+aiver of any rights or options trader said note or this mortgage accrued or
thereafter accruing.
~n witness ~hereofs the said mortgagor has bPrerrnta signed and sealed these presents the
day and year first above written.
Signed. Sealed arld dPI11~PrPd in fhP presancP of
-
harte~ ;II
mie M. Culbreth
R
E '
STATE OF FLORIDA,
COL'~ITY 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
Charles A. Culbreth III and Jamie M. Culbreth, his wife
i
to me known to !x the person deuribed in and who executed the foregoing instrument and they acknowkd;cd
-.i...
before me that they executed the same.
~VITI\ESS my hand and official seal in the County and State last aforesaid this 8 .
i~r- ,`ice ~i I~
~ Aprit A n. t9 80 - +e`~. Via..
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48~C~S t~A~ i?~tnte STAtE oe: n; . Y
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1980 APR ~ ! AM 1~ 40 tlo~oEO rtfaat c~u?t; t?a . ~ ~
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%,ir I„Amatr,N prrpntr,f !ry: Jackie Talamine EFn ciaccrr cGwtTLp
.I,~,~irx+ First National Bankof Fort Pierce ~ ~~--+~p
P.O. Box 970, Ft.Pierce, F1a..33450 gpa(~ PACE ~Vp
an a~~~ ea.rt~l