HomeMy WebLinkAbout2767 and shall perform, rnmply with and abide by each and every the agreements, sttpubtioni, eondtttoru and
covenants thereof, and of this morfgape, then tht moNgage and the estate heraby created, shall cease, de-
termine and be null and void. "
~i1N~ the mortgagor henby jurtlter c+overtants and ogtws to pay promptly when dw the pri?tcipal and
interest and other sums of money provided jor in said note and this mortgage, or either: to pay aU and
singubr the taxe:, assessments, levies. lia6tlilies, obltgnftons, and encumbrances of every nnture on said pro-
perty: fo permit. rnmmil or suffer no toasts, impairment or deterioration of said bnd or the improvement
thereon at any time; to 4peR the buildings now or he?eu/ter on said land jolly insw+ed to a aum of not less
than its full insurable value,
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and fn the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall boos the right to receive and apply the same to the indebtedness hereby sectrred, accounting
to the mortgagor jor any surplus: to pay all cost:, charges, and expenses. including bwyer's jest and tttG
settrrhes, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and f
ully rnmply with the agreements, sttpubttons, conditions and rnvenants of said note and this mortgage,
or either; to perform, comply with and abide 6y each and every the agreement. stipulations, eondiftorts and
covenants set forth in said note and fht mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of snid note and tht
mortgage, or either. the mortgagee may pay the some, without waiving or affecting the option to foreclose
or any other right hereunder, and all' such payments shall bear tntereat from date thereof at the highest bw-
f
ul rate then allowed by the laws o/ the State of Florida. -
~L any sum of money herein reJetTed to be not promptly paid within thirty days next after
the same becomes due, or ij each and every the agreements, stipulations. conditions and covenant of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
aum mentioned in said note, and this mortgage, or fh a entire babnce unpaid thereon. shnU forthwith or
fhereajter, at the option of the mortgagee. become and be due and payable.- anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee fo exer+cfse any of the right or options herein
provided shall not eonsfiftrfe a wafrer of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~~u1eSS ~Iteeeof, the said mortgagor has hereunto signed and sealed these present the
day and year firs) above written.
Signed, sealed and delivered in the presence oj: P '
..`~a.....-~1~~....~.-------------- - - -
to M. LoPr st s Trustee
- - ---------------C~-
STATE OF FLORIDA.
COU\TV OF ST. LUCZE
~ I HEREBY CERTIFY that on this day, before me, as
E officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
F
~ A'~ITA M. LoPRESTI, as Trustee
f to me known to be the person described in and who executed the foregoing instrument and She acknowledged
Ix(orc me that she executed the same.
15th
i WITNESS my hand and official seal in the County and State last aforesaid this day of
~ May A. D. 19 80.
.
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'I'!iu hutnimrn~ p~rp~atrd by: '
Addrxs Edgar A. Brown, Esq. PAI~E~~ .
P. 0. Box 4382 8U~
Ft. Pierce, FL 33454
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