HomeMy WebLinkAbout0475 and shall perform, comply with and abide by each and every the agreements, sfipulafioni, conditions and
_ 'covenants lhereoJ, arld of this mortgage, then this mortgage and the estate hereby created, shall tease, de-
termine and be null and void.
~d the mortgagor Item+by further covenants and agrees to pay promptly when due the principal and
interest and other st/?ns of money provided for in sold note and thi, mortgage, or either; to pap all r:rtd
singular the fares, assessments, levies, liabilities, obligntio?u, and encumbronces of every nature an said pro-
perly: fo permit, commit or srlf
jer no waste, impairment or deteriorotion of said land or the improvements
lherecn of arty time: to keep the buildings now or hereaffPr on said land fully insured in a sum of not less
than -----------------------full insurable value---------------------------------
in n comixlny or compa?ties acceptable to the mortgagee, the policy or policies to 6e held by, and payable
to, said mortgagee, artd in the event arty slim of money becomes payable by rirfue of such insurance the
mortgagee shall have the ?fght to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any slr?pllu: to pay all costs, cha?ges, and expensea, including lawyers fees and title
searches, reasonably incurred or paid by the mortgagee 6ecnlrse of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions-and rnvenanls of said note and this mortgage,
or either: to perjorm, comply with and abfde 6y each and every the agreements, stipulations, conditions and
conerlarlts set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, irlstrronce premilrm or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same. w[Ihout waiving or affecting the option to foreclose
or any other right herelrrlder, and all slrch payments shall bear interest /rom date thereof at the highest law-
jtr! M[P t/ten allalvMl by tllP la1r~S Of the State Of Florida. _
nny sum of money herein referred to be not promptly paid within fifteen ~15~days next after
the same 1)ecOmPS dire, or if each and every the 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 !hereon, shall forthwith or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary notwUhstanding. Failure by the mortgagee to exercise nny of the rights or options herein
provided shall not corrstitlrte a waiver of a?ry rights or options render said note or this mortgage accrued or
thereafter accruing. '
~n fitness ~hi~l'eff, the said mortgagor has hereunto signed and sealed these presents the
day and year first nbor~e rvrilfen. '
i r e 'r>er i Ih pr ace of
TIN-~1~IAi:ONE - -
. - . .
HN PAYNE.
` -
4
STATE OF FLORIDA,
cOt-~TV OF ST. LUCIE ~ -
1 HEREBY CERTIFY that on this day, tx[ore _mp,,ap
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, petLsq~}tl~r~;a)ipe!arrd
''~SJ31`~~t'.:: 'a
MARTIN MALONE & JOHN PAYNE, each a married ad~9.~..=~-~•
to me known to be the person described in and who executed the [orcgoing instrument and ~ ,~~~IONteaKed
I~efon• the that the executed the same. ~.•,~~~;.~1'~ ~'r
y ~
1177'\ESS my hand and of[icial seal in the County and State last aforesaid this ~~yr.~ r 'day of
~ .
FIlEO Ahi= ? COec:a D t~l~r ~ ~It
SLLUCIE CO'~V[Y.fiA. ~i~OML
ROGER POtTR/tS
CLEP.K CtRCUtT_CGU/RT
v
`48984'
%u hwnuff~n~ prrp~~r~rf hy: ANITA M. LO PR_
ES,j„1.~,'
-~+I~htstnfineM was prtipared by
Ar/r/nxs First American title Company
ti(1 St. Lucie County. Inc.
$01;3.`33 PacF 4~5 P. 0. Box 37,9 t
Ft. Pierce, Florida 33450 ~