HomeMy WebLinkAbout1587 and shall perform, comply with and abide 6y each ond''eve?y the agreements, stipulation's, conditions and
rovenanfs thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, d~-
fermins and be null and void.
><i111~ the mortgagor Newby (urflter covenants and agrees to pay promptly when dw eh. principal and
interrsf and other sums of money provided for in said note and this mortgage, w either; to pay all and
singular the faxes. assessments, levies. Itabiliftea, obligations, and encumbrances of every nature on said pro-
perty: to permit, rnmmif or auf
ter no u?aste, impairment or deterioration of said land or the improvements
thereon at any time; fo 4eep the buildings now or hereafter on said land fully insured to a sum of not less
than p~A
in n company or companies acceptable to the mortgagee, ihs policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any stun of money becomes payable 6y virtw of suck insurance the
mortgagee shall have the right to receive and apply fhs same to the indebtedness hereby :ectu+ed, acrnunting
to the mortgagor far any sttrplua; to pay all costs, charges, and expenses, including lawyers Dees and title
searches, reasonably incurred or paid by the mortgagee because o/ the failure of the mortgagor fo promptly
and f
uUy comply with the agreements, stipulations, conditions and covenants of :aid note and Chia mortgage.
or either; to perform, rnmply with and abide by each and every the agreements. stipulations, conditions and
covenants set forth to said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance premitun or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without wniuing or affecting the option !o foreclose
_ or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
(ttl rote then allowed by the laws of the State of Florida.
)l any sum of money herein r+e(erred to be not promptly paid within 30 day: next after
the same becomes due, or if each and every the agreements, stipulations. rnnditions 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 balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and fie dw.and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not consfifttte n waiver of any rights or options under said note or ibis mortgage accrued or
thereafter accruing.
~Lkil~ ~~of, the said mortgagor has hereunto signed and sealed these presents the
day and year first above u~ritfen. - -
Sig ,sealed and delivered in the presence of : I
• / _
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tness ~ CQ LINE F. SAL
fitness
j STATE OF FLORIDA,
~ COU1'TY OF ST. LUCIE
I HEREBY CERTIFY that oa this day, before me, an
r
f officer duly authorised in the State aforeuid and in the County aforesaid to take acknowledgments, personally appeared
JACQUELINE F. SALOMON
to me known to be the person described in and who executed the foregoing instrument and acknowledged
before me that She acecuted the same.
N I7:~ESS my hand and official seal is the County and State last aforesaid this ~ g ~ day of
f~ June A. D. 19 8Q• -
E
NOTARY PUBLIC
F ; j ~ fr MY COI~II~QSSION EXPIRES .
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