HomeMy WebLinkAbout2890and shall perform, comply u,ilh and abide 6y each and every the agreements, sHpulafions, condttiorss and
caeenanls thereof. and of this morfgaue, Ihen this mortgage and the estate hereby c~eafea. shall ceasb, de- ,
termine and be Hurl and t+oid.
T1n~ the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and
internsf and offset sums of money provided (or i-s said note and thia mortgage. or either: to pay all and
singular the foxes, assessments, leries, liabilities, obligations, and encumbrances of every nature on said pro-
perly: fa permit. sommil or sttf ter rto u+asfe, impairment or deterioration of said ha-td or the improvements
lherw-•n at any time; to deep the buildings note or Iserea(ter on said land fully insured in a sum of not less
than
in a <•ompany or companies accrplable to the morfgaftee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the erenf any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the righ! to rec•eit+e and apply tlse same to the indebtedness hereby secured, accounting
fo the morfga{tor (or any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
and (idly comply with the agreements, stipulations, conditions and rnvenanls of said note and this mortgage,
or either, fo perform, comply with and abide by each and every fhp agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event Ilse mortgagor jails fo pay when
due any lax, assessment, insurance premium or other sum of money payable by virtue of said Hole and this
mortgage. or either, the mortgagee may pay the sarate, without waiving or of feeling the option to jorerlose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate then allowed by the laws of the State of Florida.
)` any sum of monev herein referred fo be not promptly paid within 30 days next after
the same becomes due, or i( each and every the agreements, stipulations, conditions and covenants of said
note mtd this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and tlsis mortgage, or tIs a entire balance unpaid thereon, shall forthwith or
thereafter, al the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the c-onlrary nolu+ithslnnding. failure by the mortgagee fo exercise any of the rights or options herein
provids•cl shall not constitute a waiver of any rights or options under said Hale or Ibis mortgage accrued or
Ihereajter accnring.
~n witness thereof,
day and year first abore written.
the said mortgagor has hereunto signed and sey:h>'rl these presents the
SiptiAd. sealed and delivern 1 in the presence of
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STATE. OF FL(1RII)A,
ccx~xTV c~F ST . LUCIE
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(. ~~i l~
WIL ~2AM . E :. ~.
. Cam. ~~I:.-....... -~`-- -~ ..... . . ........... .. •-~
Y-~ . ~ BTROUD
1 HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Statr aforesaid and in the Count~• aforesaid to take acknowledgments, personally appeared
WILLIAM E. STROUD, III and MARY M. STROUD, his wife,
to me known to Fx• the prrson S described in and who executed the toreeoing instrument and they acknowkdRtd
Iwfore me that they r:ccuted the same.
ki'IIXF.SS rm~ hand and official seal in thr County and Statr last aforesaid this ~2~~.-~ ;day of
December, ~~ n. 1980.
My Commission Expires:
fiery trblic, State of floride aft large
~ Gotaanission Expires Idsrth 25, 1984
Ilril liwnus~,n parporr•J hy:
?HIS INSTRUTAENT PFEPARFD BY
~~c%/>r~tt GEGRGE L Wi! LIl1M5 Ilt
-A. box taa 3oa s. eTHSf.
FORT PIERCE, FLORIDA 3350
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N ary Public _- `` • ~~~~ !~jr~ •~
ate of Florida at Le~~e~.M;
.r~'tt•
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Fac f c ~ rtr ~= C,,t,:i u
~LIU%if COUP;~Ii ;.
R('•GER 1'OITR;.S
CCEciI; Can""'~)iT CCU:;i /•
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520~5v48
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