HomeMy WebLinkAbout1849 and shall per/orm, comply with and abide 6y each tins ~ever~ the agreements, stipulotioni, conditions and
' covenants Ihereoj, artd of this morfga(Ie, then this mortgage and the estate hereby created, shall cease. de-
termine and 6e null and troid.
the mortgagor hereby jurfhe? cvvenants and agrees to pay promptly when due the principal and
interest and o1hPr sums of money provided jor in said note and this mortgage, or either; fo pay all and
singular the fares, assessmpnfs, levies, liabilities, obligations, and encumbronces of every nature on aaid pro-
perty: to permit, commit or su//er no waste, impairment or defe?iorofion of said land or the improvement
Iherecn at any limp: to ~Ppp Ihp buildings now or herpa/fer on said land juUy insured in a sum of not less
than the a[Irxu><t due under the )r~rtgage a~ note.
in a company or comps?tips acceptable to llte morfgagee, the policy or policies fo be held by, and payable
to, said moMgagep, and in the event any sum of money becomes payable 6y 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 jor any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably irtcrtrred or paid 6y the mortgagee because o/ the /ailure of the mortgagor fo promptly
and jolly comply with the agreemP?t1s, stipulations, conditions and covenants of said note and this mortgage.
or either: to per/o?m, comply with 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 jails to pay when
due any tax, assessmPrtt, i?tsttrartce premium or other sum o/ money payable 6y virtue of said note and this
mortgage, or Pillter, tltP morfgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hprPtrnder, and all such payments shall bear interest from date thereof at the highest Iaw-
/trl rate t11Pn a1lOll~Ptl bV fI1P la1t~S Of the SfafP of Flo?ida.
~l arty sum of mortpy herein referred fo be not promptly paid within thirty days next after
fhp samp becomes dttp, or iJ each and every fhP agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are no! fully performed. -complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
therea/ter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to 1hP contrary nofu~ifhstanding. Failure 6y the morfgagee fo exercise any of the rights or options herein
provided shall not consfihde a waiver of any rights or options under said note or this mortgage accrued or
thereajipr arcnting. -
~n ~~ult~SS ~heret~f, the said mortgagor has herPttnfo signed and sealed these presents the
day and spar first aborp wriNen.
Signed, seal a? P " pred in SPII['p oj:
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E STATE OF FLORIDA.
C(H'\TY OF St. Lucie
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I HEREBY CERTIFY that on this day, before me, an
officer duly authorized ire the Statr aforesaid and in the County aforesaid to take acknowledQmenu, personally appeared
~ f ROLLIN W. TEDDER and ELOISE H. TEDDER, his wife
to m~• known to he th.• person g described in and •who executed the foregoing instrument and they acknowkdRed
Itetore me that they executed the same.
1\-I"I:~ESS my hand and otiictial xal jn the County and Statr last of said day of
June A. D. 19 80.
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• ~ Notary PYbCc• State OI FlortdJ at la(yt
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' t Y. f l A. I+Aarc6 6, 19111
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CLERK CIkCUtT Ct1U
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