HomeMy WebLinkAbout0106 and shall pe?jonn, comply with and abide by each and every the agreements. aftpulafioni, conditions and
covenants thereof, and of this mortgage, Then lht, mortgage and the estate hereby created, shall cease, de-
termine and be null and void.
the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
inlen+sl and other sums of money provided for in said note and fht, mortgage. or tifhK; to pay all and
singular the tares. assessments. levies. liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit, commit or suffer no u~asle, impairment or deterioration of said land or the improuemenls
therrcn at any time: to keep the buildings now or hereafter on said land /ully insured in a sum of not leas
than the highest insurable value
_ in a company or companies acceptable to the mortgagee, the policy or polictes to 6e held by. and payable
fo, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus: to pay all costs, charges, and expenses, including lawye's jeea and title
searches, reasonably incurred or paid by the mortgagee bemuse of the failure of the moNgagor to promptly
and fully comply with the agreements, stipulations, conditions and rnvenants of said note and this mortgage,
or either; fo perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
rnuenanfs set forth in said Hole and Ihis mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
fecfing the option to foreclose
or any other right hereunder, and all such payments' shall bear interest from date thereof at the highest law-
jut rate Ihen allowed by the laws of the Stale of Florida.
any sum of money herein ref
erred fo 6e not promptly paid within 15 day: next after
the same becomes due. or iJ each and every the agreements, stipulations. conditions and covenants of said
Hole and this mortgage, or either, are not Jelly 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. at the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary nolu,ifhstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall riot consfilule a waiver of any rights or options under said note or this mortgage accrued or ?
thereafter accruing.
i
~n ~ ~`s the said mortgagor has hereunto signed and sealed these presents the
day and year first above ilea. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE ALANC i
DUE ON MATURITY IS ~ 22,450.24 ,TOGETHER WITH ACCRUED INT REST
. Sf ,sealed and deli ~ered in the presence o ~ ~N EA~ ~~L ~D~~I~E~1~~l~~hG1~DE BY THE MORT GEE
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STATF. OF FLORIDA.
COUNTY OF ST. LUCIE
f I HEREBY CERTIFY that on this day. before me, so
officer duly authorized- in the State aforesaid and in the County aforesaid to eke acknowledgments, personally appeared
-LEO J. BARANONSKI and MARY E. BARANOWSKI, his wife
to me known to be the person S described in and who executed the foregoing instrument and they acknowledged
before me th=t they executed the same.
WI7TVESS my hand and official seal in the County and Sute last afoteuid this 3oiC day of
c-~~R-w~ A. D. 19 $0 ,
.
NOTARY PUBLIC .?.~.t ' ~
[i ^ 7; ^7 MY COMMISSION EXPIRES ; ' ` . ~
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hiaiary Public, State of Floride ai !:a c~ . _
Commission 6cpires Mard£ krl~ ~ I .
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