HomeMy WebLinkAbout2368 attd shall pe?form, comply with and abide'by each and every the agreements. attpulatioru. conditions and
covenants thereof, and of this mortgage, then lhis mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl,
111~Y the mwlgagor henrby f
urfher covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided Jor in said note and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, Iinbilities, obligations, and encumbrances of every nature on said pro-
perty: to perrrtit, commit or suffer no waste. impairment or dele?ioration of said land or the improvements
- Iherecn of any time: to beep the buildings now or hereafter on said land fully insured in a sum of not less
.than HIGHEST INSLRABLE VALUE
in a company or 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 bernmes payable by virtue of attch instuance the
mortgagee Shall hat+e the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor Jor any surplus; to pay all rnsts, charges, and expenses. including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the Jailtue of the mortgagor fo promptly
and fully comply with the agreements, stipulations, conditions and rnrenants of said note and this mortgage.
or either: to pe?Jorm, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. 1n the event the mortgagor Jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or eil{ter, the mortgagee may pay the same. without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest Jrom date thereof at the highest [aw-
Jul rote then allowed 6y the laws of the State of Florida.
~l any stem of money herein reJprred to be not promptly paid within thirty days next after
the same becomes dtte, or iJ each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully perjotTrted, 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
thereafter, at the option of the mortgagee, bernme and 6e due and payable, anything in said note or herein
to the rnntrory notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
prat+ided shall not constitute a u+ait+er of any rights or options under said note or this mortgage accrued or
thereafter accrAi`~ng. ` -
~n ~~uleSS ~~Of, the said mortgagor has hereunto signed and sealed these presents the
clay raid year first above a+rilten.
Signed, sealed and delivered in the presence of
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Lf~$ . -LULU--
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ROCCO V. MAIOLO
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STATE OF FLORIDA,
COL~TY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer dul~• authorized in the State aforesaid and in the County aforesaid to takr acknowledgments, personally appeared
RALPH J. MAIOLO and ROCCO V. MAIOLO
to me.kttown to br the persons described in and who executed the foregoing instrument and Who acknowledged
a=~;:
~;-rb(,: t h e ye><ccuted the same.
~ t;a_' .
- 'W'i7`I~S my hand and official seal in the County and State last aforesaid this day of
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~Y~~~ .ntii ~ 1~~ 37 MY COMMISSION EXPIRES:
I FtIEQ RNC Ri C@~tU:O
Si.LUC1E CpUHTY.I``A. Notary Public. St2te o} F?onAa at Large
$ ROG£R POfTtL1S My Comm~ss~o.~ Ezp~re5 aug 6 191
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