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HomeMy WebLinkAbout1707 and :hall perform, comply with and abide 6y each and et?ery the agreements, sfipulafiona. rnndittons and cvvenants thereof, and of this mortgage, then thin mortgage and the estate hereby created, shall cease, de• termtnc and be null and void. the mortgage hereby further covenants and agrees to pay promptly when dw the prinMpnl and -interest and other sums of-money ple+ovided fa in said. note and this moHgage, or either; to pay all and singular the taxes, assessment, levies, 4abitit)es, obligatloni, and encumbrances of every nature on said pro- perly; fo perms!, rnmmit or suffer .nq waste. tmpat?menf or ~etertowtion of said land or fh• improvements thereon at any time; to keep the buildings now or hereafter on said land fully insured in a sum of not leas than - in n company or companies nceeptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money- becomes payable 6y virtue of such tnsurann the mortgagee shall have the right to receive and apply the sane to the indebtedness hereby secured, accounting to the mortgagor (or any aurplw: to poy all costs. charges, and expenses. including lawyer i /ees and tills searrhet. reasonably incttrrrd or paid by the mortgagee 6ecaws o/ the jniluro o/ the mortgagor to promptly and fully rnmply with the agreements, stipulations, conditions and rnvenants of said note and this mortgage. - or either; to perform, comply with and abide 6y each and every the agreements. stipulations, eortdiltons 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 o/ money payable 6y virtue of :aid 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 payments shall bear interest from date thereof at the highest law- f ul rate then allowed by the laws of the State of Florida. any sum of money herein referred to 6e not promptly paid within days next after the same becomes due, or if each and every the agreements, stipulations, eondifions and covenants of said note-and this mortgage, or either, are not fully performed, complied wifh,~nnd abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance-unpaid ther+ron, shall forthwith or !hereafter, at the option of the mortgagee, become and be due and payable, anything to said note or herein fo the contrary notwithstanding. Failure 6y the mortgagee !o exe?cise any of the rights or options herein provided shall not consfihtte a waiver of any rights or option: under said note or this moHgage accrued or Ihereajfer accruing. i j~ F - in 1V ~Lr the said mortgagor has hereunto signed and sealed these presents the day and ye r f first q ve w ' en. - Signed. sea d u?ered in th sence of: - Frederick V. Case STATE OF FLORIDA, COUNTY OF $t. Lucie f HEREBY CERTIFY that un this day, be[ore tits, an oi[icer duly authorized in the State aforesaid and in the County aforesaid .to take acknowledgments, personally appeared Frederick V. Case to m?• known to be the person described in and who executed the forrgoinq instrument and he acknowkdged before me that hg executed the same. WIT2~IiGt t/Y hand and official seal in the County and Stair last aforesaid this ~_.r.:_.-_ s~#y of ,y ~ July A. D. l9 '&0 - F•:-~_, ' 492,33' - - ~ ~ . _ 1 rotary ~ ~ ~ ~ -v= • ~ ~ _ - - - This htr~n~mrni pr purr-d by: Florida Bank at Fort Pierce ~.0. Box 3469 g(~p (~4 Pd6E~,~ Fort Pierce, Florida 33454