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HomeMy WebLinkAbout0395 and shall perform, comply wlth and abide by each and st?ery the agreements. stipulations, conditions and cot?enants thereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and be null and t?oid. the mortgagor hen+by further covenants and agrees to pay promptly when dw the principal and interest and other sums of money provided for to said note and Ihb mortgage, or either; fo pay all and singular the faxes. assessments, levies. Itabilities, obligations. and encumbrances of every notttro on said pro- perty; to pe?mtt, commit or suf jer no u?asfe, impairment or deterioration of said land or the improwmenls thereon at any lime; to keep the buildings now or hereafter on said land fully instued In a sum of not less than highest insurable value thereof in ncompany or companies acceptable to the mortgagee, the policy or policies fo be held by, and payable to, acid mortgagee, and in the event any sum of money 6eeomea payable by virtue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby sectued, accounting to the mortgagor for any sttrpltts: fo pay all costs, charges, and expenses. including lawyer's fees and title searches. reasonably incurred or pafd by the mortgagee because of the failure of the mortgagor to promptly and fully comply with the agreements, stipulations, conditions and covenants of said note and fhb mortgage, or either; fo perform; comply u?ifh and abide by each and every the agreements, stipulations, conditions and rnvenants set forth in said note and this mortgage or etthe?. /n the event the mortgagor f alts to pay when dtu3 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 waiving or affecting the option to foreclose or any other right hereunder, and all such payments abaft bear interest from date thereof at the highest Iaw- fttl rate then allowed by the laws of the State of Florida. ~l any sum of money herein referred fo be not promptly paid within ten days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenant 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 morlgngAe, become and be due and payable, anything in said note or herein to the contrary nolu?ilhslanding. failure by the mortgagee to exercise any of the rights or options herein provided shall not conslitttte a u?ait?er of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~he~of, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. T$ j~'jii~,~~~~ ~~j'F]E BALANCE UP~i I~SnI'gqLU~~RITSC IS $10, X918.7th r~'j~ • ~ ® `j'r III' r jam-' ~.~aC~d^a 7i T?se'pTc+"s'~ncf~e~.. I~• and W. Hurley . _ . . f <-E-------------.......----~ George Smi h i i r STATF. OF FLORIDA. co~!~TY of ST . LUCIE ~ ~ I HEREBY CERTIFY that on this -~r,,:. hae, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowkdsmtny,•`'yelfol[a~(*~ay~ared .a.•.r Raymond W. Hurley and George B. Smith _ ~ f ~=~"'`j'' H . to me known to be the persons described in and who executed the foregoing instrument; and `%~they~yth~ . executed the tatne. - - txEore me that they _ ~ ~ N'I7:tiESS my hand and official seal in the County and State last aforesaid thu ~ - ~tir :of A. D. 19 $ ~ . _ ! ~ f' l\ Ci \1L , < J\ .S y ..r.. T, h,;~ 2 ~ ~ h3 N AR PUBLIC, State of Florida t Large. ct~:C RhC FFLO~t c My colanission expires S1.LCLIf LLC'~tY.f L;.. ROSER POITR.:S CLfP,ttCIFCi:~~ CGJ9~ Rf~Qpr vi : - ~ _ Nstarp State of F1Midlt at ~ iMh? Conntisstco Espires Attq. 30, 1980 496997 ~ Tliu hu~rumcn~ prepnrcd hy: i Address ~ PJl6E 1 I ~