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HomeMy WebLinkAbout1204 and shall perform, comply with and abide 6y each and every the agreements, stipulations, conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby c?saled, shall cease, de- termine and bs null and twirl. the mortgagor hereby jwlher covenants and agrees fo pay promptly when dw the principal and interest rend other sums of money provided jor in said note and this mortgage, or either; to pay all and singular the Inxes, assessments, leutes, liabilities, obligaltons; and encumbrances of every nature on said pro- pe?ty; to permit, rnmmil or suffer no waste, impairment or detertorofion of said land or Ihs tmprowments Ihe?rcn of any time; to beep the buildings now or herevrjter on said land jolly insured to a sum of not less Ihan highest insurable value in n company or companies acceptable to the mortgagee. the policy or policies to 6e held 6y, and payable fo, said mortgagee, and in the event any sum of money becomes payable by virtue of such truurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor jor any surpltts; to pay all costs, charges, and expenses, including lawyer': fees and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and fully rnmply with the agreements, stipulations, conditions and rnvenants of said note and this mortgage, or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions nrtd rnvenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option fo foreclose or any other right heret?nder, and all such payments shall bear interest from date thereof of the highest law- . ful rate then allowed by the laws of the State of Florida. 7` any sum of money herei?t referred fo be not promptly paid within thirty days next otter the same becomes dt?e, or iJ each and every the agreements, stipulations, conditions and rnvenants of said Hole and Ihis mortgage, or either, are not fully performed, rnmplied with and abided 6y, then the entire sum mentioned in said Hole, and Ihts mo?fgage, or the entire balance unpaid thereon, shall forthwith or Ihereaffer, at /he option of the mortgagee, become and 6e due and payable, anything in said note or herein to the rnnfrory nolwithsfanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said Hole or this mortgage accrued or there+afler accruing. ~n ~~uleSS ~he~eof, the said mortgagor has hereunto signed and sealed these presents the ~ ~ day rend year first above ufrilfen. # 4 Signed, sealed and delivered in the presence of: f - JA ~i R. WILLIS , J~% l ~ l AT EEN WILLIS STATE OF FLORIDA, ~ _ ~ COLT~tTY ()F ST. LUCIE ~ I HEREBY CERTIFY that on this day. before tree, an officer duly authoriz._d in the State aforesaid and in the County aforesaid to take ackrwwledRments, personally appeared JOHN R. WILLIS,JR. and KATHLEEN WILLIS, HIS WIFE t to mi• known to be the persons described in and who executed the loregoinq instrument and they acknowkd~ed , lieiore me that they executed the same. ~ - l N'17:1tESS my hand and oiliciat seal in the (:ounty and Stat~• last aforesaid this ~ day of ' September A. D. 19 ~ t.f~u` ` - yy~.i -t: r ! Notary Pubic My comm'ssion expire~'~ ! ~ ens .l } Sl.l~~fC''JVI~.fih. ~ t. Cv rcpt-ir i~c:- ,~s t'! ELK r~R•~+1~?~r~ Jai = = - . , r r t.'~; ; : r. t~ ~ - t+OlAd P{fllK SFATE OF i(QR ' . ~ r 0`" MYCOiMMK31GNEAftiISAIXi.3F'~1r~ `J - U , ~ tlt~tt~ Ttwl G9~RAL fNf , 502598 - _ ° JCH;v ED"r,^ %i~ 1?,tlranfiri P>r'purri/ by: A:;c-:,;~• !`,t ~,.,v Ads/rtrs 2r3.`i. in_':. n Dri•:~+ BOORJ~O P~~~~ P. U. °~~c Fort Pierce, Flori:Ia 33~';~ ~ - - _ '