HomeMy WebLinkAbout0916 and shall perform, comply with and abide 6y each and every the agreements, sttpulatioris. conditions and
covenants thereof. and of this mortgage, then fhb mortgage and 1hs estate hereby c?eoted, shall cease, de-
tetnrtine and be null and twirl.
the mortgagor hen~by further covenants and agrees to pay promptly when dus the principal and
interest and other sums of money provided for in said note and this mortgage, or either; fo pay all rend
singular the fares, assessments, levies, liabilities, obligations, and encumbrtitrtces of every nature on said pro-
perty; fo permit, rnmmif or sttf
jer no waste, impairment or deterioration of said Land or the improvements
therecn of arty limp: fo beep the buildings now or hereafter on said land fully insured in a sum of not less
than Fifty-six Thousand ($56,000) Dollars
in a compa?ty or companies acceptable to Ihp mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, n?td in the event arty sum of money becomes payable by virtue of such instunnce the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for arty surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or poid 6y the mortgagee because of the failure of the mortgagor to promptly
rend tally comply with the ngreeme?tts, stipulations, conditions and covenants of said note rend this mortgage,
or either: fo perform, comply wish and abide 6y each and every the agreements. stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any lax, assessment, insurance premium or other sum of monpy payable 6y virtue of said -note and this
mortgngp. or pillter, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any outer right hereunder, and all such payments shall bear interest from date thereof at the highest law-
(ul rote then alloured by !hp la?vs of the $lafe of Florida.
~l arty sum of monpy Itprei?t re(Prred to be not promptly paid within 10 days next after
the sump becomes due, or i f each and every the agreements, stipulations, conditions rend covenants of said
note and ibis mortgage, or e(Iher, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and Ibis mortgage, or the entire 6alonce unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in snid note or herein
to the contrary notu~ilhslartdirtg. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not rnnstih?tp n waiver of any rights or options under said note or this mortgage accrued or
thereafter accreting.
~11 ~tttitSS ~heCeof, the said mortgagor has Itprpttnto signed and sealed these presents the
dny and year first a6ore torittpn.
Signed, sled and del' re ut the pre5ellcP of
' Rue Lane Brown, Jr.
- - -Q~
. _ - - - - --t~1
Caroline R. Brown
STATE OF FLORIDA,
~ coL~TY c)F ST. LUCIE
1 HEREBY CERTIFY that on this day, before me, an
officer duh• authorized in the State aforesaid and in the County aforesaid to take arknowledgmcnts, personally appeared
RUE LANE BROWN, JR. and CAROLINE R. BROWN, husband and wife
$ to me known to hr the p•rson S dexrihed in and who executed the (ore¢o~nq instrument and they acknowkdRed
txforr me that theyexecuted the same.
~~'IT~ESS my hand and official seal in the County and State last aforesaid this 2d day of
~ June A. D. 19 $ Q _
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~ ;~::Q ; err 3r. Notary Public, State of J ~ ' "~~,f~L~~e~
My Commission expires: •'r:~.~,i=~~=~~
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