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HomeMy WebLinkAbout0065 and shall perform, comply with and abide 6y each and every the agreements, stipulationi, rnndilioro and covenonts thereof, and of this mo?tgape, then this mortgage and the estate hereby created, :hall cease, de- termine and be null and void. the morigagor hereby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided jor in aaid note and this mortgage, or etthe~; to pay all and singular the taxes, assessments, levies, liabilities, obligations, and encum6rnncea of every nature on said pro- perty; fo permit. commit or suf jet no waste, impairment or deterioration of said land or the improvement Iherecrt at any time; fo beep the buildings nour or hereafter on said Land fully insured in a sum of not less than fully insurable value - in a company or companies acceptable fo the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the mortgagee shall have. the right to receive artd apply the same fo the indebtedness hereby secured, accounting to the mortgagor jor any surplus; to pay all costs, charges, and expenses, including lawyer's jeer and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and fully comply urith the agreemertls, stipulations, conditions and covenants of said note and this mortgage. or either: to perjorm, comply uritlt and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and flits mortgage or either. In the event the mortgagor jails fo pay when due any tar. assessment, insttrnrtce premium or other sum of money payable by virtue of said note and this mortgage, or eitrier, 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 at the highest law- f ul rote then allowed by the Iatvs of the State of Florida. any sum of money herein referred f0 be not promptly paid within thirty days next after the same becomes dire, or if each dad every the agreements, stipulations. conditions and covenants flf said note and this mortgage, or either, are not jolly performed, complied with and abided 6y, then the entire sum mentioned in suid 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 said note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not cortstiftrte a u~afner of any rights or options under said note or this mortgage accrued or Ihereajfer accruing. ~n ~itnQSS ~hereofr the said mortgagor has hereunto signed and sealed these presents the day and year Jirsf above tvritfen. Signed, sealed and delivered in the presence oj: uIn ~ rey tep ns ~ ~ Q~ ~Ida-~ ore-~~~:~~~ to ~heris~~~~- i `r ~ STATE OF FLnRIDA, _ CO['~TY OF St.LUCle i I HEREBY CERTIFY that on this day, before me, an ~ officer duh• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared HUMPHREY STEPHE2JS and MARJORIE C. STEPHENSr his wife to me known to be the person S described in and who executed the foregoing instrument and they acknowledged , heforc me that they executed the same_ ' ~~'ll'\ESS my hand and official seal in the County and State last aforesaid this $th day of May A. D. i9 8U . NOTARY PUBLIC, ATE OF FLORIDA ~~r+,Y _8 P:; 3; jt~ AT LARGE F 6 FI~Et sKi, FrCt:r;it MY COMMISSION EXPIRES : 7 -G ~B~ ST.LUCIE CGUNTY,FIA. ftOGEFt POiTFtAS CLERIC CIR~tltT CGl'R 4~soo1 Bee L Bryan, )r, ?ti ~ . ' J %u hulnnn~nl prrpnr«I tiy: P.Q. BOx 3230 ~ ~ ° ~ ~ - ArIJ/r~s Fort Pierce, Florida ~ ~ ~~Y'_ : C - ~ 6rt~K ? ~ PAGE 65 33450 - ~ ~ I