HomeMy WebLinkAbout0764 and shall perform, comply wtfh and abide by each and et+ery the agreements, stipulalto?u, rnndifions and
covenants l~tet7te•'o~: -anr~'~ th mortgage, then this mortgage and the estate herby created, :hall cease, de-
termine a?td be null and twi~ •f
the mortgagor hereby jtuther covenants and agrees fo pay promptly when due the principal and
interest and other sums of money provided Jo? to said note and this mortgoge, oe either: io pry all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every Wotan on sold pro-
perly; to permit, commit or suf
jer no waste, impairment or deterioration of aaid land or the improvements
thereon of any time; to keep the buildings now or hereafter on said land fully insured in a sum of not leas
Than HIGHEST INSURABLE VALUE
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any stun of money becomes payable by virtue of stub insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness herby secured, accounting
' to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and line
searches, reasonably incurred or paid by the mortgagee becatue of the failure of the mortgagor to promptly
and j?rlly comply with the agreements, sfipulaltona, conditions and covenants of said note and this mortgage,
or either: to perform, comply with and abide by 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 fo pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payment: shall bear interest from date fhereo/ at the highest law-
ful rate `then allowed by the laws of the State of Florida.
~l any sum of money herein referred fo be not promptly paid within thirty days next after
the same becomes due, or i f each and every the agreements, stipulations, conditions and covenants of said
note and this 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 bnlnnce unpaid thereon, shall forthwith or
thereafter, at the option of the moHgagee, become and be due and payable, anything in said note or herein
fo the contrary notwithstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not consfffr?te a u+air+er of any rights or options under said note or this mortgage accrued or
Ihereajfer accrr?ing.
~n ~dlttteSS ~heCeof, the said mortgagor has heret?nto signed and sealed these presents the
day and year first above u+riNen.
Signed. sealed and delivered in the presence of
(AS TO ALL PARTIES)
.
`
. - -
STATE OF FLORIDA,
COUNTY of ST. LUCIE
I HEREBY CERTIFl' that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
CHARLES FLAGG, JONATHAN INGRAM, TILLIE BOATWRIGHT and ROBERT HENDLEY
to me known to be the persons described in and who executed the foregoing instrument and who acknowledSed i
before me that they executed the same.
HITLESS my hand and official seal in the County and State last aforesaid this 13th day of
June . A. D. 19 80 , _ .
- _ f,
180 JUG 17 P!? 2~ 47 ` ~ ' ~ ~
~
tJOTARY Pt)!L I C STATE OF FLORIDA AI- _ ~ ~ , . ; -
Mr C::'::~1 ~ 5510!3 ExP I kES FEet 2~.19'8 O -
f ILEO A!tD fa:COftDfD t -r'" . I
Si.LUClE COUNZY.FIA. BoP+~t.D iNRU Gs:NER:,I. iNS, UNDE$1N~ - ~ _ ; ;
I ROGER POITRAS ~ . - b ~y '
CLERK CfRCU1T CO /J " ~ ~ , , -
'l-
~JYa~l~t:~~
-S~ - • ts`
. ,~1
I/IS I,ulrruiifu~ err p~lrrl! I
y: TWIN B . ARNOLD
Attorney At Law
~ ~lr/r/ri.rs 715 Orange Ave. , P. 0. Box 4361
Fort Pierce,FL 33450 ~ i~ I
(305) 465-4466 p~
800~~
L