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HomeMy WebLinkAbout1626 and shall perjarm, comply with and abide by each and every the ag?eem.nls. stipulations. conditions and ca•enanls thereof. a?td of fhfs mo?fgape, then 1ha mwtgage and the estate hereby created, shall cease, de- termine and 6e null and void. - • the mortgagor Newby jwther eotronants and agrees !o pay promptly when due the prinNpal and interest and other sums of money provided for to said note and the mortgage, or either; to pay all and singular the taxes. ossessmenls, levies. liabilities. obligations. and encttmbr+ances of every nature on said pro- perty;' fo permit, commit or suffer no wwfe. impairment or defeAorolfon_ of said land or the improwmenls lhenecn al any time; fo keep the buildings now or hereafter on acid land fully instued fn a sum of not less than the htghest Insurable value in a company or companies acceptable to the mortgagee. the policy or polities to be held 6y, and payabb to, said mortgagee. and in the event any :trm o/ money becomes payable by virtue of such lnsttsance the . mortgagee shall have the .tght to recetw and apply the same to the indebtedness hereby secured, aceottnting tP the morfgagw for any stupltu; to pay all costs. charges. and expenses. including lawyers fees and title searches, reasonably incurred or paid 6y the mortgagee 6ecatue o/ the jafltu+e of the mortgagor to promptly and Jully comply with the agreements, stipulations,.condtftons and covenants of said note and the mortgage. or eflher; to perform, comply urith and abide 6y each acid every the agreements, stipulations. eonduions and covenants 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 6y virtue of said note and this mortgage. or either. the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other .tght he?Ptrnder, and alt such payments shall bear interest from date thereof at the highest Iaw- ful mle then allou?ecl by the tsars of the State oj.Florida. ~l arty sum of money herein re(etm~d to be nQt promptly paid within 15 days next after the same becomes due, or if each and every the agreements, stipulations, rnndiltons and covenants of said note and this mortgage. or either, are not fully performed, rnmplied with and abided 6y, then the entire sum mentioned in said note. and this mortgage, or the entire balance tutpaid thereon, steal[ forthwtfh or thereafter, of fhP option of the mortgagee. become and 6e due and payable, anything to said note or herein fo the contrary nofu~ithslanding. Failure by the mortgagee fo exerci:e any of the rights or options herein provided shall riot cortsfitrrte a u~ait~er of any rights or options under said note o? this mortgage accrued or 1hPreaflPr accruing. - ~n ~l~l~S ~h~e0f, 1hP said mortgagor has he?runto signed and sealed these presents the day and year Ii?Sf shore u~ritlPn. n Sealed rd livernd in 1h~ prnsr•ncP of .....Y ELLY - AROL-M. KELLY - _ f I l ' ~ STATE OF FLORIDA, ~ - couvTY c~F ST. LUCIE I HEREBY CERTIFY slut onthis day. before me; an i officer duly authorized in the State aforesaid and io the County aforesaid to take ackttowltdgments• personally appeared RAY E. KELLY and CAROL M. KELLY to me- known to be the person S •describrd in and who executed the foregoing instrument and they acknowkdgcd heforc me that they executed the same. _N`I7;'VESS my hand- and official seal in the County and State last aforesaid th' ~~}.`a+~ day of NOTARY PUBLIC . • x ~_.~'O~/?~/~Lj v . 190 OCt 24 a". iI~ I9 ~ AolaryPu6A~, Sfe#b'o~;i~' MY COMMISSION EXPIRES. My t;ommis: '~:p;~~lf;, ~ 1~', S~f 4 ' Si.LUC~f LG;;r?r.ii ~ bn,{t i1 ROGER PCITRnS. '~'r~~t:uu~~''`•' CLERKCInCCIi VV~VL7V - ~~5~. - ac~Ef'ARED 8Y (;NLIS~~ t r ~ L E 17iu liu/nui~n~ p,rpa>rd by: as•~ ~ ; , - ::.:a ..,,~r,cH . _ : U j c X341 P,~1~2i