HomeMy WebLinkAbout0493 and shall perform, comply with and abide by each and every the agreements. afipulattons, rnnditfons and
~ covenants thereo/, and o/ this mortgage, then this mortgage and the estate hereby created, shall cease, de-
lermine and be null and void. -
the mortgagor Newby fwfher covenants and agrees to pay promptly when dw the principal and
interest and othe? sums of money provided for to sold note and flits mortgage, or either: to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of eusry nature on safd pro-
perty: to permit, rnmmtt or suffer no waste, impairment or deterioration o/ said land or the Improvements
Thereon at any time: to !reap the buildings now or he?waJfer on said land Tully insured to a stun of not less
than maximum insurable value
in acompany or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
fo, safd mortgagee, and to the event any sum of money becomes payable by virtue of such tnsturanp the
mortgagee shall have the right to receive and opply the same to the indebtedness hereby :sewed. accounting
to the mortgagor for any stsrplw: fo pay all rnsts, charges, and expenses. including lawyer i lees and title
searches. reasonably incterred or paid by the mortgagee 6ecaws of the jntlttro of the mortgagor to prosetptly
. and ft.lly Damply with the agreements, sfipulaftona, conditions and covenants o/ said note and this mortgage.
or either: fo perform, comply with and abide by each and every the agreements, attpulattons. conditions and
covenants set /orth in said note and this mortgage or either. In the event the mortgagor fails to pay when
dtu+ any tax, assessment, insurance premium or other sum o/ money payable by utrtue 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 right hereunder, and all such payments shall bear interest from date thereof nt the highest law- •
)ul rate then allowed by the Laws o/ the State of Florida.
~l any sum of money herein re)erred to 6e not promptly paid wifhintll].rty(30) days next after
the same becomes due, or if each and every the agrsemenb, stipulations, conditions and cownan4 of said
note and this mortgage, or either, are not fully performed. complied wifh,•and abided by, then the entire
sum mentioned to said note. and this moNgage, or she entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the .fights or options herein
provided shall not conatihtte a waiver of any rights or options under said note or this mortgage acrnsed or
thereafter accrui`~ng- `
~n ~~WIeSS whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year Jirst above written. THIS IS A BALLOON MORTGAGE AND THE FINAL
p g CUE UPON MATURITY IS g3, 744.86 TOGETHER WITH
A ign a a de~ii a in -fife pAresD ~AL~, VANCEMENT~S MADE ~Y THE MORTGAGEE
UNDER THE TERMS OF THIS MORTGAGE.
ON W. THIGP
N~L A. COMER
STATE OF FLORIDA,
couNTY of ST. LUCIE
I HEREBY CERTIFY that on this day. before me, as
• officer duly authori:rd in the Stair aforesaid and in the County aforesaid to takr acknowledgments, personally appeased
KENNON W. THIGPEN and MICHAEL A. COMER
to me known to br flit prrsonS described in and who executed the foregoing instrument and they acknowkdgcd
before me that they rxrcuted the same.
WITNESS my hand and official seal in the County and Stair last aforesaid this o~o~/K-sC~ day of
.April, A~D~ln 8Q1 ~
l~E~) ~P~ ~ ~ $ ~3 Notary Public -State f Florida
at Large.
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` ~ P1~ 493 _