HomeMy WebLinkAbout0089 and shall pe?/orm, comply with and abide 6y each and every the agreementa, atipubttoni, conditions and
covenants thereof, and of this mortgage, then this mortgage and the eatate hereby rwafed, shall eeaas, de- ~
termine and be null and twirl.
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fhp mortgagor hereby further rnvenanfs and agrees to pay promptly when dt.. the pNnctpal and
interest and other sums of money provided for in snid note and thin moNgags. or either; to pay all and
atngular the tarps, assessments, leutes, liabilities, obltgatiuns. and encumbrances of every Walrus on said pro-
pprfy; to permit, commit or suf
feF no waste, impairment or deferio?ntton of acid land ot• the improvemenfa
lhprpcn at any limp; to keep the buildings now or hereafter on said land jolly Insured in a sum of not less
than ntl
in a company or companies acceptable fo the mortgagee, the policy or policies to be held 6y, and payabb
to, said mortgagee, and in the event any sum of money 6ecomea payable 6y virtue of atuh instuance the
mortgagee shall have the right fo rpcetvp and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any stt?pltu; to pay all costs. charges, and expenses, including lawyeri fees and ttfb ~
aearrhes, reasonably Inctrrrprl or paid 6y the mortgagee because of the failtu+e of the mortgagor to promptly !
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, eonditiona and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance_premium or other sum of money payable by virtue of snid Hole and this
mortgage, or pillter, the mortgagee may pay the same, without waiving or affecting the option fo foreclose
~ or any other right hereunder, and all such payments shall bear Interest from date thereof at the highest law-
f ul role `then allowed by fhp laws of the State of Florida.
~l arty sum of money herein referred to be not pr+ompfly paid within 30 - day: next after
1hp same becomes due, or if each and every Ihp agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, become and 6e due and payable, anything in said note or hereto
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not cortslifrrfp a u~aiuer of any rights or options under said note or this mortgage accrued or
Ihereaffpr accruing.
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n ~ul~ ~he~eof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above ?ritfen. THIS IS A BALLOON MORTGAGE AND THE FINAL -PAYMENT OR TH
BALANCE DUE UPON TURITY IS X11,940.12, TOGETHER KITH ACCRUED INTEREST, IF ANY, ND
g ,sealed and d vpred in the presence o/:~ ~D~~N tjl N R EBY THE MORTGAGEE UNDER _ HE
- .
O. R.....p..RKS-~aIT~%a~L~--R.---PARKS
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-----J.----~---------------
LO SE -T:--ARKS
STATF. OF FLORIDA.
COUNTY OF St. Lucie
I HEREBY CERTIFY that oa this day. before tttq as
officer duly authorized in the State aforesaid and in the County aforesaid to take ackrwwledgments, personally appeared
O.R. PARKS a/k/a ORVILLE R. PARKS and LOUISE T. PARKS, his wife
to me known to be the person S described in and who executed the toregoiryt instrument sad they ackrawkd~ed
before me that they executed the same.
WITNESS my hand and official seal in the County and State last aforesaid this .j,g~ day o[
October A. D. l9 80. .t ,
y
Notar Public
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My Commission Expires: Notary Public, Stet~._oi: f3ar`~cj6.~tR~rge `
- ?v1y Commission Expire
j`6rch 23, ~V31 ~t 1
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