HomeMy WebLinkAbout0146 and shall per/orm, comply with and n6ide 6y ench and every the agreements, atipulatioru, cnnditions and
covenants lhereaj, and of this mortgage, then this mortgage rend the estate hereby created, shall cease, de-
fermine and be null and t?otd.
the mortgagor Newby further covenants rend regress to pay promptly when due the principal rend
interest and other sums of money provided for to snid• note and this mortgage, or either: to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and sncumbnnnces of every nature on said pro-
perty; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time; to keep the buildings now or hereajfer on said trend /idly insured to a stun of not less
than its full insurable value,
in a company or companies neceptable to the mortgagee, the policy or policies to be held by, 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
fo the mortgagor Jor any stuplus; to pay all cost:, charges, and expenses, Including lawyers fees and title
searches, reasonably incttrred or paid by the mortgagee because o/ the failure of the mortgagor to promptly
and Jttlly comply with the agreements, siipulnitona, conditions rend covenants of said note and this mortgagq,
or either; fo perform, comply u,ifh and abide by each and every the agreements, stipulations, conditions rend
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay tuhen
due any tax, assessment, insurance premium or other sum o/ money payable by virtue of said note and this
moHgage, or either, the mortgagee may pay the same, without waiving or of
feciing the option fo foreclose
or any other right hereunder, and all sloth payments shall bear interest from date thereof at the highest law-
JuI rate then allowed 6y the laws of the State of Florida.
~l any sum of money herein ?eJerred fo be not promptly paid within thirty days next after
the same becomes due, or iJ each and every the agreements. slipulaiiona, conditions and covenants of said
note rend ibis mortgage, or either, are not fully performed, complied with 'and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thertron, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note o: herein
to the contrary notwithstanding. Failtue by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under snid note or this mortgage accrued or
thereat ter accruing.
r~M
n ~u1~s ~hertof, fete said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed. sealed and delivered in the presence of
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' rr tt enn ap
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I•ton Sapp--
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I STATE OF FLORIDA.
COUNTY OF ST . LUCIE
I HEREBY CERTIFY that on this day. before fife, an
officer duly authorized in the State aforesaid and in the County aforesaid to take ackttowledSmcnts, personally appeared
MERRITT DENNIS SAPP and DEBORAH KANE SAPP his wife;
and ALTON SAPP, e~-;;_:. ~
to me known to be the pe'rsong described in and who executed the foregoing instrument and thQ•j"~~••'alt,~M~~• _I
before me that _
they executed the ume. cy, ~4 ~ C7 : -
WITNESS my hand and official seal in the County and State last aforesaid this J '''~r'L{,~ Otlay~ =
June A. D. 19 80 . ~ 2 ~ ~
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SITE 0~
E Nota Public, State of Florida
SUN ~3 f~ i1~ G9 at Large.
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FfIL~ PftilRdF:D My cozrmlission expires
E s~~uc ~o
rr:zs~.
` t~ t~tlcu~ coo
itECORt 1tERtftFtl__ _ h'OT~.EY l~i1LU~ $tAn t3F ftORtr`iC AT tAR: F 4
~O~iN.tl 1rd'~ yiu~i~+v~ :~,5, 1:~~v:r',ti•K~ rua
' T/~u liu~niuic~ri prrpnrea by:
F Edgar A. Brown, Esquire
P. 0. Box 4382 ~~Rr~ c~
Ft. Pierce, FL 33454 BIIOKJJJ PAGE 146
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