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HomeMy WebLinkAbout1398 i• _ ~ ~ and shall perform, comply with and abide 6y each and et?ery the agreements. stipulations, conditions and covenants fhenoj, and of this mortgage, then this mortgage and~the estate hereby cmtted, ahnU cease, de- termine and be null and void. - the mortgagor hen?by ju.ther covenants and agrees to pay promptly when dw the principal and interest and other sums of money provided for in said note and this mwtgoge, or either: to pay all and singular the taxes, ossessments, levies, lin6ilities, obligations, and sncumbronees of every Wotan on said pro- perly: to permit, commlf or suffer no waste, impairment or defe?iorofton of said land or the improvemenb thereon of any time: to 4erp-ihe buildings now o? herrajter on said land fully instued in a sum of not less 1hanFORTY TIiREB TpOUSAND BIGBT HUNDRED FIFTY DOLLARS ---40/100------------------ tn acompany or rnmpnniea acceptable to the mortgages, 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 insuroncs the mortgagee shall have the nigh! to receive and apply the same to the indebtedness hereby secured, aceounftrtg to the mortgagor for any surplw: to pay all coals, charges, and expenses. including lawyer's fees and title scorches. reasonably tncttr?ed or paid by the mortgagee becawe of the jailors of the mortgagor to promptly and jolly comply with the agreements, attpulntions, eortditions 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 rnvennnls set forth in said note and this mortgage or either. In the event the mortgagor jai4 to pay when i due any tax, assessment, insurance premium or other sum cf money payable by virtue of said note and this j mortgage, or either, the mortgagee may pay the some, uiihouf waiving or of fecfing the option to foreclose or any other right hereunder, and all such payments shall bear interest from dote thereof a! the highest law- (ul rate then allowed by the laws of the State of Florida. any sum of money herein referred to 6e not promptly paid within days next after the same becomes due, or.if each and every the agreements, stipulations, conditions and covenants of anid note and this mortgage, or either, are not fully performed, complied with •and abided by, then the entire i sum mentioned in said note, and this mortgage, or the entire balance unpaid lherron, shall forthwith or thereafter. at the option of the mortgagee. bernme and be dire and payable, anything in anid note or herein to the contrary notwithstanding. Failure 6y the mortgagee to excr+ci~e any of the rights or options herein _ provided shall not constitute a waiver of any rights or options under anid note o? this morfgnge accrued or thereafter accrussing. , ~n ~lu1eSS ~ls the said mortgagor has hereunto signed and sealed these presents the day and year first above u?ritfen. Sigh. sealed and 'vered in the presence of : ~ - - . ~ Ge ge Pee . . ~ ~ ~ - Erika Peckham STATE OF FLORIDA, COUNTY of St.Lucie 1 HEREBY CERTIFY that on this day, before toe, an officer duly authorized in the State aioresaid and in the County atoresaid to take acknowledgments, personally appeared George Peckham and Erika Peckham, his wife ' to me known to be the prrson8 described in and who executed the loreRoin~ instrument and they ackovrtrkdaed before me that they a:seated the soma , .ri . _L W}TNESS my hand and otlicial seal in the County and State last aforesaid this a 3 `t~ ~1? d; ~ lL - ,~.n ~ _ - ~oI v •+c,~.,lrr ruutc S?ATt Of l~q~i? flwR~~`' :'~o S1lL(.~ f,i. `.t:yi-i.iL.! MY COINMISSION fJ171fiB ~~~.1"••' ~ ~ tip vii !:!r F i L' ~ s(F+iIFD TFBU fiENfjAt. IA6. (~1y~j~~ r 500959 T/ru Itwntnuttl ptrpmrc! b~?: Jackie Talamine ~,/~/~Southea~t First National Bank of Ft.Pierce ~ Y1i~~~ P,O. Box 970, t.Pierce, Fla. 33454 I F