HomeMy WebLinkAbout1603 and shall perform, comply with and abide 6y each -and every the agreements, stipulations, conditions and
covenants thtreaj, and of this mortgage, then this mortgage and the estate hereby created, shall ceasy. de-
• termini and bt null and void.
IUrf1i the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and
interest and other sums of money provided for to said note and thin mortgage, or either; to pay alI and
singular the taxes. assessments. levies. Liabilities, obligations, and encumbrances of every naturo on aatd pro-
perty: to permit. commit or suffer no waste. impairment or deterioration of said land o? the Improvements
thereon at any time: to keep the buildings now or hersaf ter on said land fully insured in a sum of not less
than -----------------full insurable value------------------`----'---
in acompany or companies acceptable to the mortgagee, the policy or policies fo.be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any surplus; to pay all costs, charges. and expenses, Including lawyers fees and title
searches, reasonably Incurred or paid by the mortgagee because of the jailurt•oj the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, rnmply with and abide 6y each and every the agreements. stipulations, cnnditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y utrtue of said Holt and this
mortgage, or either, the mortgagee may pay the snore. without waiving or affecting the option to foreclose
' or any other right hereunder, and all such payments shall bear interest from date thereof nt the htgkest law-
' jut rate then allowed 6y flee laws of the State of Florida.
~l any sum of money herein ref
erred to be not promptly paid within ten (10) days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said
note and this mortgoge, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned to said note, and this mortgage, or the entire balance unpaid !hereon, shall jorf/wlith or
thereafter, at the option of the mortgagee. 6ernme and 6e dtle 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 constitute a waiver of any rights or options under said note or this mortgage accrued or
thereof ter accruing.
~ , ] e f
(CORPORATE In w~`n~ ~~0~ the mortgagor has caused these presents to
SFAI.) 6e executed in ifs name, and its rnrporate seal to 6e hereunto aj/fixed, by its
+ proper officers !hereunto duly authorised, the day and year first above written.
J~
I, ( ~ OCEANRISE OF HU7'CHINSON ISLAND IN '
~ ATI-EST:----- -
j P . RI L, Srrree.ry a -k',~.or~da corporation .
~ Signed, Baled and a eer ee presence of
~ ~ - -
.
~
~ ~ AME$ , .
I - - ,
-G-,/ - ~-~G~st/ -
~ ~ 4y~ : - _ -
I ~ -
i i ~~lte Ol FLORIDA, ftlEC ?Nt: FrI gfl~A - • - ,
~V~~ 0l ST. LUCIE. Sn~C1RCV1~ A5;
I HFREAI' CF.?tTlt•Y Ilea! on Reis day. 6,~~? duionenorirod_ao Slott and Cataet~ alansoid a {Dice ae4reoartedp-
C ~ a11LLUw~^^~~ _
€ rrernls, personalty aplrearrd GERALD S . J11,MES and R. P . REGEL
-
ii
urtt 4naum to Beer fo 6t flee Pnsident arsd Secretary nspedioely of the cotpwotioee eeo,esed a. -
' mrvtgagor in tier torrgoing inslrumrnl, an.t Ileot Iley steYrolty actdeoaaertgrd tzecutinp lice same, in Itte pnsenor of fu+o sulesaibireg enilteesses.
~retty and eroteuefority under oulleorily duty e•B.Urd in Ilerm by said rorpwation and Iteol Ilee seat alliied lltenlo is Ilse true torporale scot of
<< sold rwporation. -
I{ W(i'NE~S, my leand and oj~iciat seol• in flee County Deed Stale lost a/onsoid this ~.3th der d June,
~ 80.
; ~ - ~ t ~ - Notary Publ ' -State of Florida at -Large .
41 i i _ _ ~ My oamiiss ' expires .
' - r / •'.....•~.•f - ,t~ f~-..-:iS:e ~.S LR(.i1ES el, i:42 . ,
Er: 2• ~ fir: ~o ry.q
l
/fir-~ Lip/revue nl f?r~~?arr-ll ~y: (MAID S. Jas, Esq. .
. i,l,frr,~ Pt~t Offiotr Qrawer 3351 ~
Fbrt Pierce, Florida 33454 ~ i~