HomeMy WebLinkAbout1577 and ,hall perform, rnmply with and abide 6y each and every the agreements. stipulations. conditions and
covenants thereof, and o/ fhfa mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine]~a,~nd~ 6e null and twirl.
~1111~ the mortgagor hen+by further covenants and agrees to pay promptly when due the prindpal and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and
atngular the faxes, assessments, levies, IiabilIfiea. obligations. and encumbroncea of every nature on sold pro-
perty: to permit. rnmmif or suffer no waste, impairment or deteriorotfon of said land or the improvements
therecn of any lime: fo keep the buildings now or hereafter on said land fully insured to a sum of not less
than full insurable value.
in n company or rnmpanies accrpfable to the mortgagee, the policy or policies to bs held 6y, and payable
to, said mortgagee, and in the event any stunt of money becomes payable 6y virtue of such instunnce the
mortgagee shall boos the right fo receit?e and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reaSOnably incurred or paid by the mortgagee bemuse of the jnilure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and rnuenants of said note and this mortgage,
or either; to perform, comply u+ith and abide 6y each and every the agreements. stipulations, conditions and
rnvenants set forth in said note and this mortgage or either. In the event the mortgagor jails to prey when
dos any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without wait+ing or affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
jul rate `then allowed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 15 days next offer
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 rend abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary noturithstanding. Failure by the mortgagee to exercise any of the rights or options herein
proutded shall not constitute a u+ait+er of any rights or options under said note or this mortgage accrued or
therea jter accruing.
In ~~uleSS ~herenf, the said mortgagor has hereunto signed and sealed these presents the
day artd year just above ?t+riflen.
Signed, sealed and delivered in the presence oj:
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f ess W. Gaines
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I STATE OF FLORIDA,
~ coI1tiTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before tree, an
officer duly authorized in the State aforesaid and in the County aforesaid to uke acknowledgments, personally appeared
JESS W. GAINES
to me known to be the prrson described in and who executed the forcgoinR instrument and Wt1O acknowledged
before me that he executed the same. - ~
WIl:1ESS my hand and official seal in the County and State Last aforesaid this ~ day of
July D. t9 80.
t
~ 1
,`r w
e.~ Notary Public - State of Florida
i ~ at Large.
~ My Commission Expires : / /f~'S~
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4920 ~ ~ ;.,f`.`=
I~iu fiulrrnnftft pnrprnr'if by: Fee, Koblegfltrd 8~ Teel
Addrr:ts Attorneys at Lat+ C,~Q
Fort Pierce, FL. 33450 ~?R JJ~ PAGE 1~9
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