HomeMy WebLinkAbout0824 and shall perform. comply with and abide by each and every the agreements. stipulationi, eondttioru and
covenants thereof, and o/ this mortgage, then this mortgage and the estate hereby twated, shall cease. de-
termine and 6e null and twirl.
the mortgagor Newby further covenants and agrees fo pay promptly when dw the prindpal and
interest and other stuns of money provided for in sold note and this mortgage, or either; to pay all and
singular the taxes. assessments, levies, liabilities, obligations, and encumbrances of every nnturo on said pro-
perty: to permit, commit or suffer no waste, impairment or detertonation of said land or the improvements
thereon at nny time: to keep the buildings now or hereafter on said land fully Insured to a sum of not less
than highest insurable value
in n company or rnmpanies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, sold mortgagee, and in the event any stun of money becomes payable 6y virtue of such irtsur+wtce the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secttr+ed, accounting
to the mortgagor for any surplus: fo pay all costa, charges, and expenses. including lawyers fees and title
searches, reasonably inctrrred or paid 6y the mortgages because of the failure of the mortgagor to promptly
avid fully comply wish the agreements, stipulations. condiltoru and covenants of said note acid this mortgage.
or either; to perform, rnmply with and abide 6y each and every the agreements. stipulations, eonditiorts and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fait to pay when
due nny tax, assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the snore. 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 trl rote then allowed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within -30- -days next after
the same becomes due, or iJ each and every the agreements, stipulations, rnnditions and covenants of said
note and this mortgage. or either. are not fully perforated, complied with and abided 6y, then- the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, :hall forthwith or
thereof
ter, of the option of the mortgagee. become and be due and payable, anything in said note or herein
to the contrary notwithslnnding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not consfifute a waiver of any rights or options under. said note or this mortgage accrued or
!hereafter acc?uing. `
~n ~~ulQSS thereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above tvriflen. _
Signed, sealed and delivered . in the presence of
r
~y ~~..d~`-~------------------------- ----1-
udolph F. Vallario
- ~---..,lr,~~-....-~- - -f-~-.-.~-~.- -----------------------------------------------------------------------Q~
M. Vallario
~ STATE OF FLORIDA,
cotJ~~TY c~F St. Lucie
I HEREBY CERTIFY that on this day, before tae. an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Rudolph F. Vallario and Gloria M. Vallario, his wife
to me known to be the persons described in and who executed the foregoing instrument and they acknowledged
before me that they rxccuted the same.
N'1'1 itiESS my hand and official seal in the County and State last aforesaid this day of .
w` • -
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. ~y
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f Notary Public _
~ pl_ State of Florida ~d~;~~,- _
FILGG ehC M, My Notary Pt,~itc, ~tste of h~~~`~! 'J'
Lcr~i u Mr Commission Espres laa. ~9}:~9 j `
~ ST.LUCIf CCaNiY.f; ~ ~ -
ROGER is01TR~S s~.+.a t... r.e,, s... _
!:JERK ClRCUi? %t~'.!q i
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17~u hu/nuncni prrparr-d hy:
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