HomeMy WebLinkAbout0511an~ s~ia~~ perform, ~~ump~y wilti and abide 6y eac1~ onc~ et~ery t~e agreements, ifipu~aftons, concrtlio~s and
co~~enants the-cw(, and o~ thts mortpas~e, Ihen II~It mort~age and tl~e eatnts her~eby created, shall eeaae, de-
f~mine ~nd be nu« an~l ~wid.
If~ ftie mo~fga~or hen+hy ~wlhe~ corenants and agrees !o pay promplly w{~en due the principal and
infer+esl and ofhe~ sums o~ muney prouidetl ~or in salc~ note and 11~it mortgage, or etltier; fo pay 6~~ nnd
ainflu~ar tl~e IAYPS, assessmenls, IPI~IPS. ~iabi~iltes, ob~ipalions, anc~ encumb-ances o~ every nnfwe on satd pro-
perly; fo permit, commif or su(fer no wasfe, impairment or c~eterio-ation o~ said ~nd or the improvemenla
I-~Prncn at any lime; IO ~PPp I~P 6uildin9s now or herpa(t~r on said land ~ully insured in a sum oj not less
fhan MAXIMUM INSURABLE VALUE
in a company or rnmpani~s accPpla6~e fo ftie mo-tgapee, Itia po~icy o~ po~icies to 6e held 6y, a~d ~,yabl~
to, sai~ morfgageo, and in fhe euent any sum o~ money becomea ~yo6l~ 6y virfue o~ such inswance fhe
morfgagPe shall -~aoe fhe ri~{~t Io -eceii~ and apply Il~e sante fo t6e inde6tedness here6y secured, acrnunting
!o Itie moNganor jor any surplus: fo pay oII rnsts, cha-ges, and expenses, inc~uding ~awyer's jeet and fil~e
sparrti~s, rnasona~~y incurrecr or paid 6y fl~e morlgapee because o~ ttie ~ai~ure o~ fhe morfgagor to prompfly
anc~ ju~~y comp~y u~ith tl~e agreemenfs, slipu~alions, rnnclifions and rnvenanfs o/ soid note and Il~ts mortgage.
or eilher: fo perform, comply witli und a6ide 6y each and euery !he agreemenfs, slipu~afions, condiftona anc~
conpnanis set /orf-~ in said note nnd ll~is mortgage or either. /n fhe event the mortgngor /ailt !o pny when
due any tax, assessmpnt, insurance premium or ofher sum o/ money paya6le 6y virlue of said note nnd t{~is
mortgage, or eifher, f{~e morfgagpe~ may pay Ihe same, without u~aiving o~ a/jecfing !~e oplion fo forec~ose
or any ofl~er righl 6erPUnder, and alI suc6 payments stiaR 6ear IRterpst jrorri dnfe tl~erro/ af fhe I~tghest Inu--
(ul rnle 1h~n allo~ved 6y Ihe lou~s o/ the Sta1a o) Florida.
~` any sum o( mon~y I~erein rr~PR~ IO 6e ~ot prompf~y paic~ wilhin fifteen c~ays next ajte~
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f/~p same he~-omes c~ue, or iJ eac~ and ei~ery Ihe agreempnfs, stipu~afions. conditions a~~ couenanls o~ sai~
nof~ and Ihis morfgayp, o~ eilher, are not /ully perjormed, complied witl~ nnd ab~ded 6y, then tl~e ent~re
sum menfioned in said note, and f6is mortgage, or tl~e entire 6nlance unpnid theneon, shall (wthwith or
Ihprpa~ler, at Il~e option oJ 1{~e morlgngee, 6ec~ome and 6e due and paya6le, anytl~ing in said note or 6erein
fo Itie t~onfrary notu-ifhstan~ing. f'ai~ure 6y Ihe morfgagee to exercise any o~ fhe rig{~ts or opflons ~etein
pro~~iclecl s~a~~ nof constifufp a u~ait~pr o~ any righfs or opfions unc~er saicr nofe or f~is mortgage acctued or
1{ierna~f~r ac~ruing.
~n ~~N`~ ~~~`~ ItiP saic~ morfgngor {~ns ere~/ nto s' ne~ an~ s ~ 1 e e e ^--~
cray on~ yc•ar ~irst aho~~e U~r1IIPR. ~ / ~ ~ /~ / ~ 1G/ r ~~V ~\ ~~~ `'C
/cJ~'/Y~~~ ~t . l= .nT ~< <' .~ ~r~,- ~ „
J(gI1PQ. SPQ~~ ~ •ere~i res c ~ M 1 ' ~ ~ ~ ~ ~ ~ ~ ~/ ~~~ ~ ~~ ~
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- --~. - , - -- -~..,. -.--. -- . - . . ... . ---- -. ........~
~ `~J ^ Iven J . Mad ox
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Wil.lie Jea Maddox
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STATE OF FLORIDA, ~
~~~~TY ~~F ST. LUCIE
I HEREBY CERTIFY that on this day, before me, an
officer dul~• aathoriz~d in the Stat~ a(oresaid and in the County aforesaid to tak~ acknowledqm~nts, penonally appearcd
IVEN J.MADDOX and WILLIE JEAN MADDOX, his wife,
to me• known to }x the prnon S described in aad who ~zecut~d the for~Qoinq instrumrnt and ttl@17 acknowkdRed
befor~ m~ that they cxccuted the samt.
~~'ll;`ESS m}• hand and o((iciai scal in th~ (:ounty and Stat~• last ~for~said this ~~
December, A p 19$O.
19~0 D~r 18 I~l1 ~ 50
F«EC :.h~ =c ~~~ ~~i c
ST. LllC!( Cv^L'~ ~ Y. f; a.
RCGER P01 ~ RAS
CLERK CI~."ti!'''CCr~ ~ ~
`~ -`-.'r "' ` : ~- -
~ 514925
!%a liuJnm~~u~ prrprnrJ !-y:
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Notary ublic - State
at Large. _
My Commission Expire~
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