HomeMy WebLinkAbout1923 and shall perform, comply wifit o»d abide by each and every f?te agreements. sltpulattoni, conditions and
covenants thereof. and of this morfgaas, then this mortgago and the estate hereby created, shall cease, de-
termine and be null and twirl.
~Itd fht• mortgagor Newby further covenants and agree: to pay promptly when du. the principal and
tnferrst and other sums of money provided for to said note and this mortgage. or either; to pay aII and
singular the taxes. assessments, levies, ltabtbltes, obligations, and sncumbrortces of every nature on sold pro-
perly: fo permit, commit or suffer no u?asle, impairment or defertorafion of said land or the Improvements
ther+ecn at any time; to beep the bu1?clirtgs now or herwajter on said land fully Insured in a sum of not less
than the highest lttsurable value
in n company or companies acceptable to the mortgages. the policy or policies !0 6• held 6y, and payable
to. said mortgagee. and to the event any stun of money becomes payable by virtue of such insuuance fhs
mortgagee shall have the right to receive and apply the same fo the Indebtedness hereby sectu~ed, aceottnting
to the mortgagor for any surplus; fo pay all rnsts, charger, and expenses, Including bwyeri fees and title
searches, reasonably incurred or paid by the moNgagee because of the failuro of the mortgagor fo promptly
and fully comply with the agreements, stipulations, conditions and rnvenanfs of said note and this mortgage, _
or either; fo perform, rnmply with and abide by each and every the agreements, stipulations. conditions and
covenants set forth in sold note and this mortgage or either. In the event the mortgagor /at4 fo pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or ef!?trr, the mortgagee may pay the same, wilhoul waiving or of/acting the option !o foreclose
or any other right herPttnder, and all such payments shall bear interest /rom date thereof at the highest law-
(u1 mfe then allowed by the rows of the State of Florida.
any sum of money herein referred fo be not promptly paid within 15 days next niter
the same becomes due, or if eoch and every the agreements, stipulations, conditions and eouenants of said
note and Ibis murfgage, or either, are not fully performed. complied with and abided by, then the entire
sum mentioned in said note, and Ibis mortgage, or the entire balance unpaid thereon, shall .forthwith or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary nofu~ifhstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provider/ shall not consfihtfe a waiver of any rights or upfions under said note or this mortgage accrued or
IhPrPaflPr accruing. `
~n ~JuIeSS ~~f, the said mortgagor has hereunto signed and :Paled these presehts the
day and year first. al?ove tvrit~Prt. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR TAE
ALANCE DUE MATURITY IS $11,433.60, TOGETHER WITH ACCRUED INTEREST, IF ANY,
n ,seal an dPl1lMrPd in 1hP pmsPlleP of : L ADVANCEMENTS MAD BY THE MORTGAGEE UNDER
S 0~ RTGAGE.
CK L. B
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STATE OF FLORIDA,
c~wTir OF ST . LUC I E
I HEREBY CERTIFY that on this day. before me, an
of(':rrr duly authorized in the State aforesaid and in the County aforesaid to uke acknowkdRmenq, personally appeared
JACK L. NEBB
to me known to be the person described in and who executed the foregoiryt imtrument and ~ ackttowkdRed
before me that he executed the same. 1
N 17'1VESS my hand and official seal in the (:ounty and State last aforesaid this ~ ~ day o!
~..iO~?sti. A. D. 19 ~'K -
<r ; ;
NOTARY PUBLIC----------------------
- MY COM/rIISSION EXPIRES:Notary Public, Stag` _
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