HomeMy WebLinkAbout1620 ter.- v...-. .-r
and shall perform, comply with and abide 6y each and every the agreements, stipulation's, conditions and
rnvenants thereof, and .o/ tha mortgnps, then this mortgage and the estate hereby created. ahaU cease, de-
termine and 6e null and twld.
the mortgagor Newby further covenants and agrees to pay promptly when dw the principal and
internal and other sums of money provided jar in said note and this mortgage, or .either: to pay all and
singular the taxes, assessments. levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to pet~rrtit, commit or suffer no waste, impairment or detertonttion of said [arid or ihs improuemenb
therrcn at any time; to keep the buildings now or herrajter on acid la?td fu[Iy instu+ed to a sum of not less
than MAXIMUM INSURABLE VALUE
in a company or companies acceptable to the mortgagee. the policy or policies to bs held by, and payable
to, said mortgagee, and in the event any stun of money bec~omea payable by virtue bj such incurrence the
mortgagee steal[ [rave the right fo receive and apply the aame to the indebtedneu hereby secured, aceotsnttng
fo the mortgagor for any srup[t?s; to pay all cost:. charges, and expenses, tncltuling lawyer i fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and /oily rnmply wish the agreements, stipulations, conditions rend covenants of said note and this mortgage.
or either; to perform, comply with •and abide 6y ench and every the agreements, stipulations, conditions and
covenants act forth in said note and this mortgage or either. In the event the mortgagor jai4 to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and stets
mortgage, or either, the mortgagee may pay the aame, without wnfving or affecting the option to foreclose
or any other right hereunder, and a[[ such payments shall bear interest from date thereof at the highest law-
jt?1 rate then allowed by the laws of the State of Florida.
~l nny sum of mo?tey herein referred to be not promptly paid within thirty days next after
the same becomes due, or if ench and every Ihe. agreements, stipulations, conditions and covenants of said
nofa and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, rend this mortgage, or the entire ba[artee unpaid thenean, steal[ forehwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the conlrory notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided steal[ not consfift?fe n waiver of any rights or options under said note or this mortgage accrued or
thereof
fir accruing.
~n ~itneSS ~hereofy the said mortgagor leas h4,+eunto signed and sealed these presents the
day and year first above written.
Signed, se and d 'vered in presence of
~ ;
•
Daniel B. Downs
Gtr c~-~-~ ~J~-~ QQ ~-~L.-C.oJ
-.......-ft~...---•-•- • V
Ir~.s Downes -
STATE OF FLORIDA.
COiJ~ITY OF ST . LUC IE
I HEREBY CERTIFY that on this day, before rne~ an
officrr duly authorized in the Statc aforesaid and in the County "aforesaid to take acknowledgmenu, personally appeared
DANIEL 8. DOWNS and IRIS DOWNS, his wife,
to me known to br the persons described in and who executed the toregoinq instrument and they ackrwwkdRed
hefore me that theyfxeruted the same. -
WI7:'VE/SS my hand and official seat in the County and State last aforesaid this ~(J;~'=•',^~~t;,t~'.~~Sf.
- , ~ .,J
~fi~ A. D. 1980. ~
4L~5102 ~ ti s- ~ ~
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z Notar Public - StatB--~~'- y a.~
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