HomeMy WebLinkAbout0578 and shall perform, comply urith and abide by each and every the agreements, atipulatton's, conditions and
cavertanfs thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl. -
~nd the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either; fo pay all and
singular the taxes, assessments, levies, liabililIes, obligations, and encumbrances of every nature on said pro-
perly: to per?nif. rnmmif or suffer rto waste, impairment or deterioroffon of said land or the improvements
fherncn at any limp: to deep the buildings now or hereafter on said land fully insured to a sum of not less
than the highest insurable value
in a company or companies acceptable fo the mortgagee, the policy or policies fo be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insuronce the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to 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, rnndifions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jalla to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue 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 at the highest law-
ful rate then allowed by the laws of the State of Florida.
any sum of money herein referred to be not promptly paid within days next after
the same_bPCOmPS dtte, or if each and every the agreements, stipulations. rnnditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, 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 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 constitute a !UAlI~Pr Of any rights or options under said note rir this mortgage accrued or
thereafter accnring.
~n ~ltlleSS ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
day and year first shore tvrilfen.
Signed, s ed and delivernd in the presence of
T S ~ RICHARD , SR.
SECOND WITNESS ROSEMfi~Y W. KERNAN
i
I
i
f
STATE OF FLORIDA,
CO1'~TV OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer duh• authorized in the Stair aforesaid and in the County aforesaid to take acknowledgments, personally appeared
RICHARD F. KERNAN, SR. AND ROSEMARY W. KERNAN, his wife
to me known to tx• the person S described in and who executed the foregoing instrument and WtlO acknowledged
Ixfon• sae that they executed the same.
)\'I7'\ESS my hand and official seal in the County and State las or id this ~f~r lt~'1 day o[
~Y A. D. 19 $0 c
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..,~+t~?~~~hcr~n trtl - -N '"t , STATE OF IDA
•.',js••~~ ; rRl ~t~.rc-•.I.ty3pIrJISS1\:^r'771.w
1V ~r]IxDll i0 T1r1S 71'11lf1J A~IVidN ?
~,.«•••d~d'J.. My Conttnission Expires: _ ~ ~ ~ ~ /
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r ; ~ 4343
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ST.lUC1E CQ11tiTY.f A.
ROGER POITRA~
CLERK CMCltiT CQURT
~I/IS I/lJ///II!/f!N preµirr•J hy: Bobbie ';:CEwan a, C?=i! of 3•~
140 Palo-de-0ro Dr. , ~ - -
i1`/`frrxs Islamorada, Fla. 33036
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