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HomeMy WebLinkAbout0102 I and shall perform, comply with and abide 6y each and every fire agreements, stipulations, conditionu and cvvenants thereof, and of this mortgage, then this mortgage and the estate hereby c?ented, shall cease, de- termine and 6e null and void. the mortgagor hereby jwfher covenants and agrees to pay promptly when due the principal and interest and other aurae of money provided for in said note and this mortgage, or either; fo pay all and singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty: to permit. commit or suffer no waste, impairment or deterioration of said. land or the tmprovemenb thereon at any time; to keep the buildings now or hereafter on said land fully insured In a sum of not leu ehanONE THOUSAND SIX HUNDRED FIFTY THREE DOLLARS ---48/100------------- in acompany or companies acceptable to the mortgagee. the policy or policies to 6e 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 to receive and apply the same to the indebtedness hereby secured. accounting to the mortgagor for any surplus: to ptiy ail costs, charges, and expenses, including lawyer's fee. and title searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly and jolly comply with the agreements, stipulations, rnnditions and covenants of said note and this mortgage. or either; fo perform, comply urith and abide by each and every the agreements, atipulations, conditions and covenanls set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay -the same, without waiving or a jjecting the option to foreclose or any other right hereunder. and all such payments shall bear interest from date thereof at the highest lnw- juI-rate then allowed by the Laws of the State of Florida. ~l any sum of money herein referred to be not promptly paid within days next after the same becomes due, or ij each and every the agreements. stipulations, conditions and couenanb of said note and this mortgage. or either, are not 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 ~jorthwith or thereafter. nt the option o/ the mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constihrte a waiver of any rights or options under said note or this mortgage accrued or fhereajler accruing. i n ~tneSS h~~ r the said mortgagor has hereunto signed and sealed these presents the clay and year first above u~riften.. Signet[. sealed and delivered in the presence oj: F Pir i j STATE OF FLORIDA. cot;tiTY OF St.Lucie I HEREBY CERTIFY that on this day, before me, an E ~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Frank Pins 3 to me known to be the person described- in and who executed the foregoing instrument and eacknowkdged before me that he executed the same. N ITtiESS my hand and official seal in the County and State last aforesaid this 10 ` " far"of. i s June A. D. 19 80 , ~ y . ? J ~ r ~ J. 1980 JUi~ 13 4 ~ - ~ r Ott Puta<fc STA~t~ ~ ' , c Mr CcKAMISSIOIt Q~ttt~~3. It~ : ~ ~ FfLfO t11iP ~fCpROFit SftUCll'CCWIIY.F``A.~ E'- (iUGEfi POITR.IS p tt~ e~f© ~ I CLERK CIRCUIT CO T LP 'S`. RECORtt L'i'RlFlitl_ 3 2 4~96~1 %is hulnii»rir! pnputrr~! /y: Jackie Talamine .~t~t~nxt First National Bank of R. Pierce i .O. Box 970, Ft. Pierce, Fla. 33450 BCjK~~ PAGE i~