HomeMy WebLinkAbout0395 _ and shall perform, comply with and abide by each and every the agreements, atipulattoni, conditions and
covenants thereof, and of this mortgage, then tha mortgage and the estate hereby crsotsd, shall cease, de-
tsrmine and bs null and void.
the mortgagor Newby /wther rnwnants and agroes to pay promptly when due the principal and
interest and ofher•sums of money provided for in sntd Hole rend this mortgage. or either; to pay all and
singular the faxes. asseasmenfs, levies. liabilities, obligations, and encumbrances of vwry nature on said pro-
perty; to permit, commit or suf
jar no waste, impairment or deferionntion of said land or the improwmenb
therwn at any time; to keep the buildings now or herrajfer on said land fully .insured to a sum o/ not less
than -----------FULL INSURABLE VALUE-----------------------------------------
tn acompany or companies acceptable fo 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- by virtue of such insurance the
mortgagee shall haw the right to recsiw and apply the same to the indebtedness hereby secured, accounting
to the mortgagor /or any surplus: fo pay all costs, charges, and expenses, including lauryer's fees and titlt
searches, reasonably incurred or paid by the mortgagee because of the failure o/ the mortgagor fo promptly
and fully comply with the agreements, stipulations, conditions and cawnnnts of said Hole and this mortgage.
or either; fo perform, comply with and abide by each and awry the agreements. stipulations. conditions and
covenants set forth in said note and this mortgage or either. !n the swot the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue o/ said Hole and this
mortgage. or either. the mortgagee may pay the same, without waiving or affecting the option io foreclose
or any other right hereunder, and all such payments ahaU bear Interest from date thereof at the highest law-
ful rate then allowed by 1hp laws of the State of Florida.
~l any sum of money ?terpin referred to be not promptly paid within jNIRTY days next after
the same becomes due, or i( each and every the agreements, stipulations, eondifioru and cownants of said
note and this mortgage, or either, are not fully performed, camphed with and abided by, then the entiro ,
sum mentioned in said note, and this mortgage, or the entire balance, unpaid thereon, shall forthwith , or .
fhereajter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary nolu?ifhsfanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not consfifrrfp n waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~~Ofr the said morfgag_or has herpttnfo signed and sealed these presents the
day and year first above tt?ritlen.
Signe,,d,~ealpd and dpliv red in the PSPnCp of
AItD S R
- "~PATR I
ACHE
i
I
STATE OF FLORIDA, ~ ~ _
~ cou:~TY c~F ST . LUCI E
I HEREBY CERTIFY that on this day. before tree. an
officer dulr• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, perwnally appeared
~ RICHARD C. SCHERRER AND PATRICIA V. SCHERRER, His wife
to me known to be the prrson s described in and who executed the foregoing instrument and '~'1e~/ ackrwwkdsed
i4 heiore me that c ihe~/ executed the same.
VVI7 i11ESS my hand and o(tieia! seal in the County and State last aforesaid this 5th day of
~ September A. D. 19
9 ,
I
~ _ C~mmssion ~ z~~ res: SCI ~ $4:
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~ f9~0 SEP -9 A~ 2 f
ROGER POltRA5 _ rL: -
CLEttK CSRCUI i CC ~i ~ ~ ~ :
o~
s3'l1tE
l7~iis hurnurusi prrpnrrr! by. ROBINETTE G. OOLEY
fit,.; . •?~~t ~a33 pr",p3r9A -
Adrlirxs fusr l+r.;er;t::n Tide Ca~rpany OR f
01 ~t '_'sC:t; ~Ci:rtly. InC. gQrn(t~ P1KIE
' 8360 0 S. U. S. Nighvray
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_ __P~ SL tuc~e, Fiaida 33130 i
- - - I ~ ..yam.,.
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