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HomeMy WebLinkAbout1166 - and shall perform, comply with and abide by each and every the ag?eerttents. stipulafiorts, eortditiona and cownanb ehereoj, and of this mortgage, then Ihts mortgage and the state herby created, shell tasase, de- termine and 6e null and notd. - the mortgagor hen+by jtuther covenants and agrees to pay promptly when due the principal and interest and other stuns of money provided for in said note and this mortgage, or either; to pay sU and singular the taxes. auasments, levies, liabtlttia, obligations, and encumbrances of awry rtntetre on said pro- perty: to permit. eotrtmlt or suffer no waste. tmpatrmertf or detertoe+ation of said land or the tmprowtnenb thereon at any time; to.beep Ike buildings. now- or hers) tar on said .land fully insured in a sum of not less ehStBVBN'P88N TBOUSAND 1WREB HUNDRED FIFTY SIR DOLLARS ---80/100--------------•---- in acompany or companies atxeptnbl~ to the mortgagee, ehe -policy or policies • to 6e held by, and psyabb eo, said mortgagee. and to the event any sum of money becomes paynbb 6y nirtw of such tnstu+anoe the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, ttceounetrtg to the mortgngor for any stuplw: to pay all eosb, charges. and expenses. Including lawyer i fees and title :earrhes. reasonably encttrred or paid by the mortgagee 6ecawe of the failure of the mortgagor to promptly and fully rnmply with Iles agreetnettts, stipulations, conditions and cowrtants of said note and ibis mortgage. or either: to psr/orm, comply with and abide by each and awry the agnetttents, atipttlations, cottdttions and rnvenants set forth in said note artd this mortgage or either. /n the event the mortgagor jails to pay when due any tax. assessment, insurance premitun or other stun of money paya6lt 6y virtw of said note and this mortgage. or either. the mortgagee may pay the tame. without waiving or of jading the opttort to for+eclost or any other nigh! hereunder, and all such payments shall bear interest from date thentif at the highest law- f ul rate then allowed by the laws of the State of Florida. )i any sum of money herein r+e(e?red to be not promptly paid within days next of ley the same bernmes due. or if each and every the agreements. stipulations. eondttions and eovenanb of said note and this mortgage, or either, are not fully performed, complied with; and abided by.. then the entfn sum mentioned in said note, and this mortgage, or the entiro balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee. 6ecorne and be due and payable, anything in said note a herstn to the eontrnry notwithstanding. Failure 6y .the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options tutder said note or this mortgage accrued or thereafter accrussi``ng. ` ~Q ~tiul~ ~Ct~f, the said mortgagor ha: hereunto signed and sealed these presents the day and year fiat above written. ign ,sealed and debt red in the presence of ' _ ~ - ~Wi ur Sc ng . . . x- Barbara S . Sch~renger STATE Of FLORIDA, Cotnrrv of St,Lucie I HEREBY CERTIFY that on this day, teefore ere, an officer dulp authorized in the State a[oreuid and in the County atonuid to take acknoMrkedatnents, prrsoaalep appeared Wilbur J. Sch~enger and Barbara S. Schitenger, his wife s to ere ketown to be •the penon8 descn'bed in and who executed the fontaoie>s ieutrstment and theyackao+dedsed be[ore ere that thsyy executed the tame. # W ESS my hand and ~o~y~ilcial sea! in the Counq and Sate lut afomaid this ~ of t+ . v ~ f. troTNlr nx~lc ~AtE ' : ~ ~t . 1960 ~ ~ Qowlwsstct~t t,artt~a +~f•:?~.?~is: SEI' 23 illU e~erAt ra dilot~vv~ua~to + • _ ST.LUCIE CCUtIi'f.fl A 3 f ~3 - t;LEAK C RCUt1 C[tUR I OfCQRp VERcs•rsp_~-- Tlia brui~„rart Papir»r~! By: Jackie Talamine A,~,/~ Southeast First National Bank of Ft. Pierce P.O. Bt~c 970, Ft.Pierce, Fia. 33454 ~ P1~6E~~ i - j - tt= ~ ` - - ,