HomeMy WebLinkAbout0089 and shall perform, comply with and abide by each and every the agreements, slipulatio?is, condtlioru and
rnueriants tltereoJ. and of this mortgage, Then This mortgage and the estate hereby canted, shall cease, de-
termine artd be null and void.
1in~ the mortgagor. Iten•hy Ju?iher covenants and agrees fo pay promptly when due the principal and
infenst and other seems of money provided for in said Hole and this mortgage, or either: to pay all and
singular the taxes, assrssmertts, Ic~t~f, s, ltabtlttfes, obligations, and encumbrances of et•ery ~alccre on aatd peo-
perfy; to perm!!. commit or stcjjer rto waste, impairment or deterioration of said land or the Improvements
fhencn al any time: to keep the buildings now or henaf
ter on said land fully insured in a sum of not lea
than highest insurable value-----------------------~---______________
in a rnm?rany or companies acceptable fo the mortgagee, the policy or policies fo ire held 6y, and payable
fo, sold mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same fo the indebtedness hereby secured, accounting
to the mortgagor for any surplus: fo pay all costs. charges, and expenses, including lawyers fees and Title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and jolly comply with the agreements, sfipuhalions, conditions and covenant: of said note and Ihta mortgage,
or either; to perform, comply with and abide 6y each and euery the agreements. stipulations, conditions and
rovena?tIs set forth in said note and this mortgage or either. In the even! the mortgagor jai(! to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of sold note and this
mortgage, or eillcer, the ntorfpagee may pay the same, without wniutng or of
jecfing the option fo foreclose
or any other right {teretcnder, and all such payments shall bear infenst from date thereof at the highest law-
fol mte then allatued by the locus of the Siaie of Florida.
~f any sum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or iJ eac•h and every the agreements, stipulations, conditions and covenants of said
Hole and this mortgage, or eilier, are not fully performed, complied with and abided by, then .the entire
sum mentioned in said note, and This mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, 6ernme and 6e due and payable, anything in said note or herein
to the contrary nofu?ilhstanding. 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 note or this mortgage accrued or
Thereafter accruing. `
~n ~~u1eSS ~h~Cenf, the said mortgagor has hereunto signed and sealed these presents the
day and year Jirsl above cnritten.
Signed, sealed and delivered in the presence oJ:
R. Herrin
oy a M. Thompson
® .
f -
STATE. OF FLORIDA.
COUNTY OF S`P. LUCIE )
I HEREBY CERTIFY that on this day, before me. an
oftirer duly authorized in the State aforesaid and in the County aforesaid to ukc acknowledgments, pcnonally appeared
JOHN R. HERRING and JOYCE M. THOMPSON
to m~• known to be the pcrsor5 described in and who executed the forcRoiryt instrument and they acknowkdsed
txf~r~ me that they c:ecuted the same.
WI-I'tiESS my hand and official seal in the County and State last aforesaid this 31st dar ~
October A D l9 80.
.
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N TARY PUBLIC , 5th o . ~'f?'ljd~' da
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~ ~tJ. rJ~S at Large . = r,-. ~ ~
My Commission ~~tp~'~;f:
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