HomeMy WebLinkAbout0528 and shall perform, comply with and abide by each and every the ogroements, stipulntioris. conditions and
rnvenanls thereof, and o/ this mortgage, then this mortgage and the estate heroby created, shall eews, de-
termine and be null and twirl.
><i1N~ the mortgagor hereby (tether rnvenanls and agrees fo pay promptly when due the principal and
interest and other sums o/ money provided for in said note and this mortgage, or either; to pay all and
singular the tnres, assessments, levies, Iiabiliiies, obligations, and encumbrances of every nattue on said pro-
pe?ty; fo permit, commit or sett
ter no wnsfe, impairment or deteriorotton of said land or the improvements
therecn at arty time; fo keep the buildings now o? hereafter on said land /ully insured in a sum of not less
than highest insurable value
in a company o? companies acceptable to the mortgagee, the policy or policies to be held 6y, 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 fo receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for arty sttrpltts; to pay all costs, charges, and expenses, including lawyers jeer and title
searches. reasonably incurred or paid 6y 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; to perform, comply u~itlt and abide 6y each and every the agreements, stipulations, conditions and
covenarts set forth in said note and this mortgage or either. In the event the mortgagor jnils to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest laur-
fttl rate then allotnecl by the laws of the State of Florida.
~l any sum of money Itereirt referred fo be not promptly paid within thirty days next after
the same becomes due, or if each and every the agreements, stipulations. conditions t,nd rnuenants of said
note and this mortgage, or either, are not fully pet
orated, complied with and abided 6y, then the entire
sum mentioned in said ROIP, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, nt the option of the mortgagee. become and 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or This mortgage accrued or
Iherea f ter accruing.
~n ~ttneSS ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
day and year first al,ol'P written.
Signed, sealed and delivered in the presence of
- ~ -d%L- - - - - ~ ~ - - -
/'NESS ~ ~ - KN• n:.-Xic~N'~E~._._.
{,IITNESS
iI
€ STATE OF FLORIDA,
cOI;~TV OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
a
JOHN D. McENTEE
t
I to me known to hr thy- person described in and who executed the foreQornq instrument and W~ ackrwwledRed
before me that he executed the same. q
~~"Il~\ESS my hand and official seal in th~• (:ounty and State last aforesaid this ~ day of
May A. D. 19 80.
3 Notary Public
r~(4O~,~`~ .j.~_~~ My Commission Expires:
5
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s - ' t :4 ' ' . J trlotary t~ltYta ti~1g ~ Aetlds
s ~ ~ Ml? CaettntMton ~N.~t0. tit
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l7tis liulnrmf~d prrlxtrf~/ by: s
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