HomeMy WebLinkAbout1002 and ,hall perform, comply with and abide by each and every the agreements, atipulationi, oondtttorte and
eot?enanls thereof, and of this mortgage, then this mortgage and lJte estate herby created, shall cease, de-
fermins and be null and void.
fhe mortgagor Newby further eovertanta and ogrwt fo par promptly when du¢ !!:e ~l and
interest and other sums of money provided /or in said note and this mortgage. or either; to pay all and
singular the faxes, asseumenls, levies, lia6iliftes, obligations. and enctun6rnnces of every nature on said pro-
perty: to permit, commit or suffer no waste. impairment or deterioration of said land or fhe improvements
thereon at an time; to 4pep fhe buildings now or herrajter on said land fully insured In a stun of not less
than. Hig~est Insurable Value
In n rnmpany or companies acceptable to the mortgagee, the policy or policies to be held by, and pnyabb
fo, sold mortgages, and in fhe event any stun of money becomes payable 6y virtue of such insuraa_tcs the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, aixounting
to fhe mortgagor for any surplus: to pay all cost:, charges, and sxpsrues, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee becatue of the failure of the mortgagor to promptly
and jolly comply with the agreements. stipulations, conditions and covenants of said note and thts mortgage,
or either: to perform, comply with and abide 6y each and every the agreements. sttpulafiona, conditions and
covenants set forth to said note and this mortgoge or either. /n the event fhe mortgagor faib to pay when
due any fax, assessment, insurance premium or other stun of-money payable by virtue of said note and •thts
mortgage, or either, the mortgagee may pay the acme, without waiving or affecting the option to foreclose
or any other right hereunder. and all such payments shall bear interest from date thereof nt the highest law-
fttl rate `then allowed by fhe laws of the State of Florida.
~l any sum of money herein referred !o he not promptly paid within 30 days next after
fhe same 6ernmes due, or iJ each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with rend abided 6y, then the entire
sum mentioned in said note. and this mortgage, or the entire balance tutpaid thereon, shall joMhwith or
thereafter, at the option of the mortgagee, 6ernme and 6e due and payable, anything In said note or herein
to fhe contrary notwifhslanding. Failure 6y fhe mortgages to exercise any of the rfghis or options herein
provided shall not rnnsfifttfe a waiver of any rights or options under said note or this mortgage accrued or
thereat ler accruing. -
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jn ~~uleSS ~h~eof, fhe said mortgagor has hereunto signed and sealed these presents fhe
day and year first above tnriffen.
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Signed. Seated and P111\Pr~ In fhe prPSPRCe Of : ~
~ -
_ C. L~TT .
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PATRICIA A. LOTT
STATE OF FLORIDA,
COU1`TY 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 takr ack~wwledgments, personally appeared
~ STANLEY C. LOTT and PATRICIA A. LOTT, his wife,
to me known to br the prrson described in and who executed the forrgoing instrument and he acknowkdRed
~ Ixforc me that he executed the same:
z
N'I71~ESS my hand and official seal in the County and State last aforesaid this ~ - day of
April A. D. 19 80.
F
NOTARY PUBLIC
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1980 ,1Ut~ - 3 i l ~ 25 ~1~L. , . Mt, caatmisaon 6~Nrs~t~1M1
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CLERK CIRCUIT C01glT - a:; .
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l7iu Lulninunl prrparr~! by:
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