HomeMy WebLinkAbout0416 and shag perform, comply with and abide 6y each and every the agreements, stipulations, conditions and covenants thereof, and
of this mortgage, then this mortgage nr,d the estate hereby created,shall cease, determine and be ?,ull and void
~1nd 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; to pay al! and singular the taxes, assessments, levies,
liabilities, obligatio,u, and encumbrances of every nature on said property; to permit, com,nit or suffer no waste, impairment or
deterioration of said Land or the improvements thereon at any time: to keep the buildings now or hereafter on said land fully in-
sured in alum of not less tlwr, ful 1 insurable value
in a company or companies acceptable to the mortgagee, t1,e policy or policies to be held by.and payable to.said mortgagee,and
in the event any sum of money becomes payable by virtue of such insurance the mortgagee shall have the right to 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, reaso,wbly incuned 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 mort-
gage, o? either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants
set forth in said note and this mortgage or either. !n the event the mortgagor fails to pay when due any tax, assessment, buur-
ance 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 Jorecbse or any other right hereunder, and aU such payments shall bear inter-
est from date thereof at the highest Tawful rate then albwed by the laws of the State of Florida.
any sum of money herein referred to be not promptly paid within 30 days next after the same becomes
due, or if each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are
not fully performed, complied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the en-
tire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become due and payable, anything
in said note or herein to the conhary noturithstandi»g. Failure by the mortgagee to exercise any of the rights or options here
in provided shall not constitute a waiver of any rights or options order said note or this mortgage accrued or thereafter accru-
ing.
~n x{~itness `~~hereof s the said mortgagor has hereunto signed and sealed these presents the day and year
first above written.
Signed, sealed and ivered in the presence of:
` STATE OF FLORIDA, _ l
~ COUNTY OF L UC'/C
t HEREBY CERTIFY that on this day, before me.
an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgements, personally appeared
~ CONSTANCE SMITH
to me known to be the person described in and who executed the foregoing instrument and SHE acknowledged
before me that SHE executed the same.
WITNESS my hand and official seal in the County and State last aforesaid this ~ 9~ day of
~ff- % A. D. 19 80
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This Instrument prepared by: Roger L. Keilholtz
Rehabilitation Specialist
Planning and Development
-:i+. t
y
Address: City of Fort Pierce
P. 0. Box 1480 V
Fort Pierce, Florida 33454 -
g~`~332 Pd~E ~i5 . .
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