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HomeMy WebLinkAbout2298 and shall perform, comply with and abide by Poch and every the agreements, stipulations, rnnditions and covenants thereof, rend of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and be null and void. Ii~ the morfyanor hereby further covenants rend agrees fo pay promptly when due Ihs principal rend interest and other sums of money provided jor in said note and this mortgage. or either: to prey all rend singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty; to permit. commit or stiffer no waste, impairment or deterioration of said land or the improvements thereon at any lime: fo beep the buildings nou, or hereafter on said land fully insured in a sum of not less than 1WENTY SIX THOUSAND SIX HUNDRED THIRTY ONE DOLLARS --60/100------------------ in acompany or companies acceptable to the mortgagee, the policy or policies to be held by, and payable fo, sold mortgagee. and in th• twat ony sum of money becomes payable by virtue of stu:h insurance the mortgagee shall have the right to receive and apply the same to the Indebtedness hereby secured, accounting to the mortgagor jor any surplus: !o pay all cost:, charges, and expenses, including lawyer's jets and title sea rclleS, reaSa/lably incurred or paid by the mortgagee because of the failure of the mortgagor td promptly and jolly comply with the apreements, sfipulafioru, conditions and covenants of :aid note and this mortgage, or either; fo perjorm, comply urith and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or eif~ pr. In the event the mortgagor jails to pay when due any tax, assessment. insurance premium or other sum .,j money payable 6y virtue of said note and this mortgage. or either, the mortgagee may pay the same, without tuaiuing or affecting the option to foreclose or any other right hereuncler, and all such payments shall bear interest from date thereof of the highest laur- f ul rate then ollou~ed by the laws of the $fate of i'lorida. lL any sum of money herein referred fo be not pr+ompfly paid u~i/bin days next after .~ the same beCOmPS due, or i( each and every the agreements. sfiptrlnlions. conditions and covenants of said note and this mortyaye, or either, 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 jorthurith or thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein to the rnntrory notwithstanding. Failure by 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 Ibis mortgage accrued or fhereajf-•r accruing. ~n ~~u1eSS ~heCenf, the said mortgagor has hereunto signed and sealed these presents the day and year first above u~ritfen. Signert; sealed and delivered in the presence oj: /_ ~~ y/ ...... Lawrence D. Burgess STATE OF FLORIDA, COUNTY OF St,Lucie ~ i HEREBY CERTIFY that on this day, before tae, an officer duly authoril~d in the Stott aforesaid and in the County aforesaid to take acknowktdgmenu, personally appeared Lawrence D. Burgess to rat known to bt the person deuribed in and who executed the tort[oir-S instrument and He acknowkdRed before me that He executed the same. WITNESS my hand and official seal in the County and Stott last aforesaid thin 9 - o- ~-- .dal ~ ~-_ . Dec . A. D. 19 80 / ~,.~~ ~ ~ ~' ~•~ ''` .• `~~ • _ //// i -~ ~ C^ - ......~~u~ 190 0..~ I I ~'; ~I: pl} - --.:~ .........:.:...-. - St.lUCtf Cf~l%P1i Y.f i r. R~G~1~ fTiITRt.S CLEFS Ci?CG:T 'f,,~ s1~21s 17iiJ IaununctU prrpnrrd fsy: Jackie Talamine ,~-1~la-uSoutheast First National Bank of Ft, Pie rce P.0. Box 970 Ft. Pierce, Fla. 33454 rUilfC .1A1: ~- r. ~ , ~ i ~. r~JfD TFiy~ - - .- ~- ~ .v r ' y~s -%' ems;,: ~ 3.53 S" a~~c~~~ ~~f2~