HomeMy WebLinkAbout0392 and shall perform, comply with and abide by each and srery the agreements. slipulnltoni. conditions and
eot?enants thereof, and of this morlgaste, then this mortgage and the estate herby cr+soted, shall cease, de-
termine and be null and told.
end the mortgagor Newby further covenants and agrees fo pay promptly when due the prlndpal and
interest and other sums of money provided for in said note and this mortgage. or ellhsr: fo pay all and
singular the faxes, assessments, levies. liabilities. obligations. and enctunbnartcss of every Wotan on said pro-
perty: fo permit, commit or suffer no waste; Impairment or deferiorafion of said land or the improvements
lherecn of any lime; to peep the buildings now or hereafter on said land fully i?tsund to a sum of no! less
than _______FULL INSURABLE VALUE
in a company or companies acceptable to tha mortgagee. the policy or policies to 6e held 6y, and payable
to, said morfgag~, and in the event any sum of money becomes payable by virtue of stick lnstuance the
mortgagee shall have the right to r+ecetue and apply the same to the indebtedness hereby secured, aceotsnting
to the mortgagor for any sttrpltts: fo pay all cosh, cha?ges, and expenses, including lawyers fees and title
searches, reasonably incurred yr pntd 6y the mortgagee 6ecawe of the failure of the mortgagor to promptly
artd /ally comply with the agreements, stipulations, rnndttions and covenants of said note and this mortgage.
or either; to perform, comply with and abide_ 6y each and every the agreements, stipulations. conditions and
covenants set forth In said note and this mortgage or either. In the event the mortgagor (nib to pay when
due any tax, assessment, insurant~e premitun or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the aame, 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 mfe then allowed by the lotus of the State of Florida.
any slim of money herein referred to 6e not promptly paid within THIRTY days next after
the same becomes due, or tf each and every the agreements, stipulations. conditions and covenants of said
Hole and this mortgage, or either, are not fully performed, compiled with and abided 6y, then the entire
sum mentioned in said note, and fhia mortgage, or the entire balance unpaid !hereon.:hall forthwith or
thereafter, of the option of t11a mortgagee, become and be due and payable, anything in snid note or hentn
to the contrary notu,ithsfanding. Failure 6y the mortgagee fo exercise nny of the rights or options herein
provided shall not contfifttte. a u?aiver of ony rights or options under said note or this mortgage accused or
thereof ter accruing. _
~n ~~uleSS ~hl~eof, the said mortgagor has hereunto signed and sealed these presents the
day and year f
fret atone tnritten.
Signed.-sea and deliuprrd in fly pr_esencp of
/ r ~
- - - -.k - - -
CH~1 ~~C~ER - -
1
_ - ~ATttI~CIA V. ~SC RER
f
f
E
STATE OF FLORIDA, ~ -
COL'NTY OF ST . LUC I E
I HEREBY (:ERTIFY that on this day, before me, as
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
RICHARD C. SCHERRER and PATRICIA V. SCHERRER, his wife
to me known to be the person S described in and who executed the fongoinR instrument and el1eJ/acknowkdsed
before me that they executed the same.
N'17'`ESS my hand and official seal in the County and State last aforesaid this 5th day of
S
September A. D. 19 80,
49i~~ / / ` ~ c~,~
Fly Commission Expires : 8/12/4
~ 190 SEP -9 AN ~ 2I
F '
~1.?1 Y..ll.,. .
FILEC tkC ocCpppEC lj'
Si LUC!E '
ccu:r r r. ~`r:
RaGER P f t A. r~ ~ "
CLERK CIR OITRAS ' ~ ~ . ~ ~
ROB INETTE G. OOLEY z ~ ~ ~ c
Thy: :.L'r~~~~nl v:a~ prspai~Q oy' lJ~. S t .Q r"O~`~f(`.
first Amet~can Titi° Company -'z~~~iliitiitit~!t~~~
of St luc,e County. Inc.
I%iu liulnuutr prrparrJ by: 8380 t? S. S. Highway
Port St. Lucie, Florida 33450
Addrxr c~~
BOCK JedO Pe~GE
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