HomeMy WebLinkAbout0669 and shall perform, 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 {tereby orated, shall cease, de-
termine]~a,~nd be null and void.
the mortgagor herr~by further covenants and agrees to pay promptly when dw the principal .and
irtferesl and other sums of money provided for to said Hole and this mortgage, or either: to pay all and
singular the faxes, assessments, levies. liabilities, obligations, and encumbronces of every nature on said pro-
perly: fo permit, commit or srtjfer no waste. impairment or defertorotion of said Land or the improvement
Iherecn of any lime: fo beep the building: now or hereafter on said land fully insured in a sum of not leu
Ihan Outstanding balance of this mortgage
irr a company or companies acceptable to the mortgages. the policy or policies to 6e held 6y, and payabb
to, said mortgagee, and in the event any sum of money becomes payable by virtue of auch insurance the
mortgagee shall have the right fo receive and apply the snore to the indebtedness hereby secured, accounting
to the mortgagor for any strrpltts; fo pay all rnsts, charges, and expenses, including lawyer': fees and tills
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply u~ifh the agreements, sfipulalIons, conditions and covenants o/ said Hole and iht mortgage.
or either; to perform, comply with and abide by each and every the agreements, atipulatio,u, conditions and
rnvenants set jortlr in said note and this mortgage or either. {n the event the mortgagor fails to pay when
due any tax, assessment, insurance premium o? other sum of money payable 6y virtue of said note and this
mortgage, or'either, the mortgagee may pay the sans, 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-
fuI mte f{ten allowed by the laws of the $fafe of Florida.
- ~l arty error of money herein re%rred to be not promptly paid within fifteen days next after '
the same becomes due, or ij each and Avery the agreements, stipulations, conditions and covenants of said
note and Ibis mortgage. or either, are not fully perjor?ned, complied with and abided 6y, then the entire
sum mentioned in said trots. and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter. of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
fo the contrary notu,if{tstandi?tg. Failure by the mortgagee to exercise any of the rights or options herein
provided s{rail not cottsfiftrfe a tvainer of any rights or options under said note or this mortgage accrued or
1{ternaJler accruing.
~n ~i ~het'eof, rice said mortgagor has hereunto signed and sealed these presents the
day artrl ye first ve written.
$ig? alvfJ a? del' red 1 eSerICP oJ:
JAMES RICHARD KENNEDY, II
- - - --Q~
. t~
` STATE OF FLORIDA,
I
~ CO['~TY ()F $t. Lucie
I HEREBY CERTIFY that on this day, be[ore me, an
of(ircr dul}• authorized in the State a[oresaid and in the County aforesaid to take acknowkdgmcnts. personally appeared
! JAMES RICHARD KENNEDY, II
to mr known to be the person described in and who executed the [oregoing instrument and he acknowledged
{,r[ore me that he executed the same.
N'll:\ESS my hand and o[firial seal in the County and Stair last a[or tF~i day of
A. D. 19 j'~
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NOTl1fri NtIItIC STATE aF fIORIDA At (AARGE _ N ~
l M~ COMMISSION EIVIRB AIfG. 19 1982 ~ C
t10NDEfl TIIW GEIdfRAL 1 NS . (It~ERVYR I rEUS `t 'ti ; - ~
.
, .
This instrument was p~ep4;ed h, JdmeS C Caret s
%is 1„slru„lc,d prrpnrrr/ by • F~rs2 Amer~ran iit~e Company
St. Luce Gounty. Inc.
~1 r/i/rrxt ~ P. 0. Sax 371
60~~~ p~ ~ Ff. Pierce, Flonda .33450
I