HomeMy WebLinkAbout0459 • and shall perform, comply with and nbidP by eac!t and every the agreements, stfpulatioris, rnndittons and
cavertanis lhereuf, and o~ this mortgage, Ihen this mortgage and the estate hereby created, shall ceasc?, de-
termine and Ise WWII and twirl.
end the mort((a(for hereby /urther covertattts and agrees to pay promptly when due the principal and
irtfernsl attd outer sums of money provided for in said note and this mortgage, or either: to pay all and
singular flee tares. assessnte?tfs, leutes, liabilities, obligaliorts, nrsd encumbrances of every nature on said pro-
perty; fo fx•rmit, commit or serf
ter rto u~asfe, impairment or deterioration of said land or the improvements
Ihernc•n al nay time; to keep the huildings note or hereajler ore said land fully insured in a sum of not less
than
in n c•onryrctrty or c•omfrarties ac•cepfable fo the mortgagee; the policy or policies fo be held by, and payable
to, said more{tagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the morfgaltor for any strrpltts; to pay nil costs, charges, and expenses, Including lawyers fees and fide
searches, reasonably inrurrnd or (wid by the mortgagee becatue of the failure of the mortgagor to promptly
and jolly comply tt+ith the agreements, stipulations, conditions and covenants of said note and This mortgage,
( or eillter; to perform, comply u~itlt artd abide by each and every the agreements, stipulations, conditions and
I covenants set forth in said note and this mortgage or either. In the -event the mortgagor jails to pay when
due arty tax, assessntertt, irtstrrartce premium or other sum of money payable by virtue of said note and this
mortgage, or eiflter, Ilte mortgagee may pay the same, tuilhouf waiving or affecting the option to foreclose
or arty oflter right Iterettrtder. and all such payments shall bea? Interest from date thereof nt the highest lnu,-
f ul rate then allou,ecl by the Iatvs of the State of Florida.
~L any sum of money herein referred to be not promptly paid within thirty dnYs next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenants of said
note and fltis ntorlga((e, or eiflter, are not fully performed, complied with and abided by, then the entire
sum mentioned in said mote, and this morfgnge, or the entire balance unpaid thereon, shall forthwith or
thereafter, at flee optiart of lie morfga(fee, become and be due and payable, anything in said note or herein
fo the contrary nohvdhsfanding. Failure by the mortgagee fo exercise any oY the rights or options. herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
fhernaffer accruing.
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~n ~ditneSS ~heeeof, flee said mortgagor has Iterntrnfo signed and sealed these presents the
day and year first al,ove u•rilfc•n.
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Sign ~ scalp mt elivere in h rnsence of
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- ~ - BR'BNOA. -McCI:O~~tY
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THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE
DUE UPON MATURITY IS $130,830.44 TOGETHER WITH ACCRUED INTEREST,
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IF ANY, AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDER THE TERMS
OF THIS MORTGAGE.
STATE OF FLORIDA, ~ _
' COC\TY OF St . Lucie ~
} I HEREBY CERTIFY that on this day, before me, an
~ o(ficrr dui}- authorisrd in thr Statr aforesaid and in the County aforesaid to takr acknowledRmrnts, personally appeared
' BRENDA McCLOSRY 1
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to mr known to be the prrson described in and who tsecuted thr (orr¢oinq instrument and 8 ~_•rttlt(pwltdRed
Im(orr me that She rxrcuted the same. Q.
k~'1l tiESS my hand and official seal in the (:ounty and Statr last aforesaid this :.j, - ..Y_~
October D. -19 80 .
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N iiry --Public - SEa t>3;y4r>~:~FlOr~da
j Notary Public. State Uf FlortOa At :arge ?
! ~ My Commission Expires June 12, 1983
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Douglas E. Gonano, Esquire
~ McDonald, Gonano & Associates, P.A.
~ ll~it G~slnannd /11!'/Nr1tZl hy:
1600 Squth Federal Highway
,~,/,/„-ts Fort Pierce, F1. 33450
~3~0 P>~ 459
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