HomeMy WebLinkAbout1637 .
No. B ' 3 , 700.()0 Port St . Lucie ,Florida, October 17 , ~ 1 g 80
1ha~.s M. Lunch ajter date, jor value received,
I pmtn~4e to /wy to the order of ~Ys~ C. Fergu~an -
DOLL~1 RS,
at 596 Ragan Drive - ,Florida 33166
Frith interest thereow at the rue o/ t /r ~ until Jolly- paid.
a7~i7~[ The maker sad endorser o/ this vote /urth dsnutwd. awtite o/. woaparmewt and protsat: sad is toe suit shall
br brought jor the tol/ection here% or the rims bu to d/eesed upon demand o/ sst auorwtr, to par reasowa6ls auorasr'i Jea /or
raskiwg such collection.
No Prepayment Penalty - ; ~-~c--c.,,~ x-14: j-~7 ~ c~l`._ (Seal)
Due October 1, . !9 $1 ~ Thomas M. Lynch (Seal)
sEMINOLE FORM ~t0
a, - .
I~ AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin-
~ cipal and interest and other sums of money provided for in said note and this mortgage, or either;
to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to. permit, commit or suffer no waste, impairment or deterioration
of said land or the improvements thereon at any time; to keep the buildings now or hereafter opt -
said land fully insured- in a sum of not less than its full insurable value, but in no event less than the
amount secured by this tntirtgagQ~'irr a company or companies acceptable to the mortgagee, the pol-
icy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money
becomes payable by virtue of such insurance the mortgagee shall have the right to receive and ap-
ply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to
pay all costs, Charges, and expenses, including lawyer's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl3• and fully comply
with the agreements, stipulations, conditions and covenants of said note and this mortgage, or-
either; in the event the mortgagor fails to pay whin 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 to foreclose or any other right hereunder, and
all such payments shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida. _
1F any sum.of -money herein referred to be not promptly paid within thirty days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants
of said note and this mortgage, or either, arz not fully performed, complied -with and abided by,
s then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable,
anything in said note or. herein to the contrary notwithstanding. Failure by the mortgagee to exer-
else any of the rights or options herein provided shall not constitute a waiver of any-rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
$ -
X341 ~~1632 -
-