HomeMy WebLinkAbout1020 and shall perform, comply u~ifh and abide 6y each and eusry the agreements, sftpul<efioni. conditions and
• crovenonfs thereof, and of this mortgage, then this mortgage and the estate hereby created: shall cease, de-
termine and be null and iwid.
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713i~ the mortgator Itervby further covenants and agrees to pay promptly when dw the principal and
interest and othe? sums of money provided for in sold note and this mortgage, or either; to pay all and
singular the faxes. assessments, levies, (iabiliiies. obligations, and encumbrances of every nature on sold pro-
. perty: to permit, commit or suffer no waste. impairment or deterioration of said land or the improvements
thprrcn of any limp; to keep the buildings now or hereof
fpr on said land fully insured in a sum of not less
than q~~
in a company or companies acceptable to the mortgagee, the policy or policies fo 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 apply the same to the indebtedness hereby sectued, accounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses. including lawyeri fees and Utle ~
searches. reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly '
and fully comply with the agreements, stipulations, rnnditions and covenants of sold note and thl: morfg~e,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, eondiliotu and r
rnvenants set f
orlh in said note and this mortgage or either. 1n the event the mortgagor f
nits fo pay when
.due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and fhta
t - rrturigagp, or either, the mortgagee may pay the same, without waiving or of
fecfing the option to foreclose
or any other right herpttnder, and all such payments shall bear tnterps! jrom date. thereof nt the highest lnw-
(u! mte then allotved by the laws of the State o/ Florida.
~L any sum o/ money herein relprred fo be not promptly paid within 30 - days next ajfer
the same becomes due, or if each and paery the agreements, stipulations. conditions and covenants of said
note and this morfga~tp. or either, ore not jolly performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire bolnrtce unpaid thereon, shall forthwith or
therenffer, at the option of the mortgagee. become and be due and payable, anything in said note or herein
to the confrory notwithstanding. Failure 6y the mortgagee fo exercise any of the rights w options herein
provided shall not constitute a tt~Qtt~e! of any :fights or options under said note ar this mortgage accrued or
thereof ter accruing.
~n ~he~eof, the said mortgagor bas hereunto signed and sealed these presents the
day and year Just abov ~ritfen. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR TH
BALANCE DUE UPON TURITY IS S12,ikti.99 TOGETHER MITH ACCRUED INTEREST, If ANY, ND
g ,sealed and d t•e.ed in the presence of :A D~~N ~I N R EBY THE MORTGAGEE UNDER HE
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! STATF. OF FLORIDA,
COV~-y OF St. Lucie
t HEREBY CERTIFY that on this day, before ax, sb
3
officer duly authorized in the State aforesaid and in the County aforesaid to take acknoMrtedsments, personally appeared
I' O.R. PARKS a/k/a ORVILLE R. PARKS and LOUISE T. PARKS, his wife ~
to trte known to be the person S described in and who a:ecuted the forrRoiryt instrument and they ack~~tt~
before me that they c:ecuted the same.
WI"1NESS my hand and official seal in the County and State last aforesaid this -.-:j,$C day of
_
October A. D. 19 80. - 1' - -
Notar Public _
Y ~ .
FILED :y[t.:.'' :~`'OEO , ' -/v : >
ST.L _ - ~A• My Cornmission Expires: Notary Public, Sfe~6-.of fTor?~d-~t~t,~rgs
-t;~: :~8- My Commissiots Eup,tcd;~'srch 23, lP~I
~~:fr}... ~ ~ `t
F 5 ? 32 P~ '80 ~3~Q ~r
J~~B~ si
i.ucr`r
cn~ ii ft a. ~
t nOGER POtTRAS f
` CLERK CiRt:Uli COIjltT~ .
PRcf': : RV ~NnA JA NY~~C IZ-~'Ut~
17iu Inrtrunun~ prrpo~rd by: c ? : , . -
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