HomeMy WebLinkAbout1203 and shall orm, comply with and a61de 6y each and every the agrwnwnts, afipulationi, conditions and
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covenants thereof, and of Ihts mortgage, Ihen Chia mortgage and Ihs estate hereby created, ahaU cease. de-
termine and 6e null and void.
the mo?fgallor hen+by further covenants and agrees fo pay promptly when dw the principal and
interest and other sums of money provided for in snid note and this mortgage, or either; fo pay all and
singular Ihv fares, assessments, levies. liabilities. obligations, and encumbrances of every nnturo on said pro-
perty: fo permit, rnmmif or strf
jer no waste. impairment or deterioration of said land or the improvements
eherecn al any lime; to keep the buildings now or hereafter on said land jolly insured in a sum of not leas
than its highest insurable value
in a company or companies acrnpta6le to the mortgagee, the policy or policies to be held by, and payable
fo, said mortgagee, acid in the event any sum of money 6ecomea payable 6y virtue of such inatrrance the
mortgagee shall have the right fo ?eceive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus; fo pay all costs, charges, and expenses. including lawyer i fees and Lille
sea?ches, reasonably inctured or paid by fhe.martgagee bemuse of the /atltu+e aj the mortgagor to promptly
and jolly comply with the agreements, stipulations, rnndiitons and covenants o/ said note and this mortgage.
or either: fo perform, comply with and abide 6y each and every the agreements, stipulations, rnndiltons and
covenants set forth in said note and this mortgage or eithi+r. In the event the mortgagor jaib to pay when
due any fax, assessmertf, insurance premium or other strm of money payable by virtue of said note and this
mortgage, or either. the mortgagee may prey the same, without waiving or of
f
ecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest Iaw-
(ul.rate Il+en allowed by the laws of the Siafe of Florida.
any sum of mortPy herein referred to be not promptly paid within 3~ days next after
the same bernmes dire, or if each' and every the agreements, stipulations, conditions and covenants of said
noes 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
ihereajfer, of the option of Ilte mortgagee, become dnd 6e due and payable, anything in said note or. herein
fo the contrary nofu~ifhstandirtg. I'ailtrre by the mortgagee fo exercise any of the rights or options herein
provider) shall not l'OIISIItU1P a wnivrr of any ritthfs or options under said note o? this mortgage accrued or
IhereaflPr accreting. - -
1n ~~ull~SS whereof, the said mortgagor has hereunto signed and sealed i(tese presents the
day raid year Iirsf aIM1~P tnritlcn. - `
' Si Led, sealed and d ivered in the presence of : ~ ~
- AHES W . FAI,
~ I.. ~ -
~
~PATRICIA ANN FAIR
STATE OF FLORIDA. ~ f
r.~uvTY ()F ST. LUCIE
I HEREBY CERTIFY that on this day. before ase~ an
officer duly authorized in the Sute aforesaid and in the County aforesaid to take ackrawledaments, personally appeared
JAMES W. FAIR and PATRICIA ANN FAIR, his wife,
to me known to be the persons described in and who executed the torc~oin~ instrument and they acknowkdaed
hetorc me that they executed the same. 9
WI7;yESS my hand and official seal in the County and Sutc last aforesaid this NJ day of
October, A. D. 19 8~. -
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