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HomeMy WebLinkAbout1198 and shall perform, comply with and abide by each and every ii.e agreements, stipulations. conditions and covenants thereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cewe, de- fe?mine and bs null and void. the mortgagor hereby further covenants and agrees to -pay promptly when due the prt?tctpal and interest and other sums of money provided for to said note and this mortgage, or either: to pay nll and singultu the faxes, assessments, levies. liabilities, obligations, and encumbvartees of every nnture on said pro- perty: to permit. rnmmil or suffer no waste. lmpairmenf or deterioration of said land or the improvements thereon at any time; to leeep the buildings now or herwaf ter on said land fully insured in a stun of not less than THIRTEEN THOUSAND EIGHT HUNDRED FIVE DOLLARS ---28/140------------ in a company or companies aceeptnble to the mortgagee, the policy or policies to bt held 6y, and payable to, said tnorfgagee, and in the event any stun of money becomes payable 6y virtue of such insuronee the mortgagee shall have the right to rocetve and apply the same to llte indebtedness hereby secured, accounting to the mortgagor for any surplus; to pay all costs. charges, and expenses. including lawyer's fees and title searche:. reasonably incttr?ed or paid by the mortgagee because of the fniluro of the mortgagor to promptly and fully comply with the agreements. stipulations, eortdttions and eovenanb of said note and this mortgage, or either; to perform, comply with and abide by each and every the agreemenb. stipulations, conditions and covenants 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 6y virtue of said note and this mortgage, or either, the mortgagee may pay the same, without tuaivirtg or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law- f ul rate then allowed by the laws of the Stale of Florida. ~l any sum of money herein ref e?red to be not promptly paid within day: next• after the same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not jolly performed. complied with and abided 6y, then the entire sum mentioned in soil note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at -the option of the mortgagee, become and be due and payable, anything in said note or herein fo the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constiftrfe a waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. In ~~NIf~SS ~h~of, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. 'Sig- n~ sealed and definer in the presence of: . - ~ --.--R=te ~ - - ..----~~--.-c~ - t~ Richard G. Tra ~o~ v ------~~fcdEe-•-~/.•------/rac;• Carole D. ra v STATE OF FLORIDA, cou:vTY of St. Lucie T HERESY CERTIFY that on this day, before trx, as officer duly authorized in the Stag aforesaid and in the County aforesaid to take acknowledgments, personally appeared Richard G. Traynor and Carole D. Traynor, his wife to me known to be the prrson3 described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. N ITNESS my hand and official seal in the County and State last aforesaid this 3 wSL`~_ 0f TAY A. D. 19 80 Sir} . - ~ ' .~-fir. , ~ - r _ - _ _ S . • r NOTARt rUp.1C RATE Oi. ~ PM~ ~ ~r? - ~ . ~ eo~tsslo+r wtle~~. }•i`b`,-.~sei..•• ~y • 7 ~ oar TFfktJ ct~,u ftiS . ~Ze'~F~MRI r~i1~~ t~. ~ 1980.1U1. _g ~ I~ 0 , 17irs hrs~ninu•u~ pnpnr'~/ hy: Jackie Talalnine i .•1~/~/rrx~ Southeast First National Bank of Ft. Pierce P.O. Box 970, 300 S. 6th St. , Ft. Pierce, Fla. 33450 E i~ '