HomeMy WebLinkAbout0764 and shall perform, comply with and abide b~ eoch and eta the agreements. attpulationi. conditions and
rnvenanf: thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6s null and twirl.
the mortgagor hen+by further covenants and agrees to pay promptly when due the prinNpal and
interest and other sums o/ money provided jor in said note and th4 mortgage. or Nth.r; to pay all and'
singular the faxes, assessments. levies. liabilities. obltgaltons, and encttm6ronces of every nature on said pro-
perty: to permit. commit or suffer no waste. impairment or deterioration of said land or the Improvements
iherecn at arty time: to beep the buildings now w hereafter on said land fully insured in a stun of not less
than principal balance of first and second mortgages
in a company or rnmpantes acceptable fo the mortgagee, Ihs polity or policies to be held by, and payable
• to, said mortgagee, and in the event any stsm of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same fo the indebtedness hereby secttrsd, accounting
to the mortgagor jor any surpltts: fo pay all costs. charges, and expenses. including lawyeri fees and title
searches, reasonably incurred br paid 6y the mortgages because of the jailttre of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants o/ said note and this mortgage.
or either: fo perform, comply with and abide 6y each and every the agreements. sfipulnttons, eonditiorts and
rnvenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any lax, assessment, insurance premium or other stun of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same. without wntvtng 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- _
jut mfe`~hen allowed by the laws of the State of Florida.
any sum of money herein ref
erred to be not promptly paid within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenonb o/ said
note rend this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire
stun mentioned in said note, and this mortgage, or the entire bnlnrtce unpaid thereon, shall jo'thwith or
!hereafter, at rho option of the mortgagee, 6ernme and 6e due and payable, anything in said Hole or herein
fo the contrary nolwifhsfarding. Failure by the mortgagee fo exer+ctse any of the rights- or options herein
provided shall not conslifttle a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~h~eof, the said mortgagor has hereunto signed and sealed these presents the i
day and year first above written. THIS IS A BALLOON MORTGAGE AND N P THE
BALANCE DUE UPON MATURITY IS $17,120.70, TOGETH CC I RF, , IF'ANY, ~
Signed. sealed and delivered in the presence of : AND E .MORTGAGE I
G ~
G~~ 0 B. CUL RH
S AN D. CULVERHOUSE
STATF. OF FLORIDA,
COUNTY OF St. Lucie
~ I HEREBY CERTIFY that oa this day, before me, as
I
officer duly authorized in the State aforesaid and in the County atoret:id to take acknowkdsments, personally appeared
JOHN B. CULVERHOUSE and SUSAN D. CULVERHOUSE, his wife,
to me known to be the prrson$ descn'bed in and who executed the fore6oinR irutrument :red they acktawledaed
{ before me that they a:ecuted the same.
{ WITNESS my Band and official seal in the County and Sute last aforesaid this 8th day of
September A. D. l9 80.
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ARY PUBLIC, ~ ` + 8 r~ N%{
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S!.LL'CIECO!lNIY.FIA. _ 1oN.i•tlrr3t.tc~ ol~""'0'4ir.' ~
ROGER PfJITRAS i,,•
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