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HomeMy WebLinkAbout0575a-trl shall perform, comply u~iflt and abide by each and • every the agreeglentl, altpulations, conditions and covenants thereof, and of this mortga(e, then this mortgage and the estate hereby created, shall cease, de- ferminP and be null and void. ~~ the mortgagor hereby further covenants and agrees to pay promptly when due the principal and irtfernsl and other sums of mo-tey provided for in said Hole and this mortgage, or either; fo pay all and si-tgular the faxes, assessments, levies, liabilities, obligations, and encumbronces of every nature on said pro- perly: to permit, commit or slit ter -to u~asfe, impairment or deterioration of said land or the tntprovements IhPP(M-t al arty limp; fo ItPPp IhP buildi-tgs now or hereafter on said land fully insured in a sum of not less than highest insurable value _ in a r~ompa-ty or c-ompa-tiPS accPptablP to the mortgagee, the policy or poltcies fo be held 6y• and payable to, said mortgagee, and in fhp event arty sum of money becomes payable 6y virtue of such Insurance fhp mortgagee shall bane the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor (or any. surplus: fo pay all costs, charges, and expenses, including lawyers fees and title searches, reasonably incttrrerl or paid 6y the mortgagee because of the failure of the mortgagor fo promptly and fully comply with flte agreements, stipulations, conditions and trouenants of said note and this mortgage, or eillter: to perform, comply u-ifh and abide by each and every the agreements, sfipt-lafions, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor fails 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 u-aiving or affecting the option to foreclose or any other right herPtt--der, and all st-ch payments shall bent interns! from date thereof at the highest lau-- f ul mte then allourerl by 1hP laws of the Staff of Florida. ~l arty strm of motley herein referred fo be not promptly paid within 30 days next after the same becomes dtte, or if each and every the agreements, stipulations. conditions and covenants of said note and Ibis mortgage, or either, are not fully performed, complied with and abided 6y, then the entire sum mentioned in said riots, and this mortgage, or the entire balance unpaid thereon, shall /orfhwith or thereafter, at tltP option of the mortgagee, become and 6e dtre.and pnya6le, anything in said note or herein to IhP conlrnry nofu~ilhsfanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not consfifufP a waiver of any rights or options under said note or Ibis mortgage accrued or fhernafter accruing. ~n ~ttlleSS ~heCeof, flip said morfcrayor has IterPtrnfo signed and sealed these presents fhp day and year first above tvriften. Sig sealed and dPlivPrnd in 1hP prnsence of - ~ ~Ll.C(A~ ~ ... .... ................. ........... STATE (~F FLORIDA, C(n'~7•Y (~FSt. Lucie THERIN'GTON - - - - ---~ - - - - _ AL~ I tfEREBY CERTIFY that on this day, before me, an officer duh• authorized in the Stair aforesaid and in the County aforesaid to take acknowled¢mrnu, personally appeared GERALD WEATHERINGTON and DOROTHY WEATHERINGTON, his wife, to mr known to 1>,• thr prrsorrS deurilxd in and who executed the forr¢oin¢ instrument and they acknowledged hefon• rnr that they rxecuted the same. ~~77:\ESS my hand and official sral in thr (:ounty and Stair last aforesaid this ~ ~ ~ day of December ;~ D 19 80 5U915'~ Q-lt~~ 1980 OEC -3 AN I1= O 1 - _...- -__ ._ ..... .... .. . . NOTARY PUBLIC i1lEl) -NC F~COB[1jD SLLUCIE CCUMTY. A. ROGfR POl tt RM CLERK CIRCUIT C..JaT RECBR^'Jf-~~~~ f I, i 1 %u l~rsmrrnrn~ pR furR ~l b y: r![IR _tS M?IrCN L t!U ,,.,.,~•~~~,~..,,~~:~ NM~ry/1faMCataaofFforiAetttL,fafw '•~•,3jJ, MrCfrfellnMdonExp~rt~sJut»1~,11~I •„ • ~ • ~~ t ~ , .~ -- ~'' `:J :: - ~ .' C , - ~~ . ~; ~• ~~~~~ ~' g« 3~l4 P~ 57~ I i _ ~: