HomeMy WebLinkAbout0915 and shall p~r/orm, ~•omp~y wifh and a6ide 6y each a~d every the agreementa, sttpulations, conditiuna and
co~~enants thereof, and of Ihis mort~aqe. li~en Ihis mortqage nnd the e:tate hernby crented, ahal~ cecue, de-
tvrmine ~n~ he nu« an~ i~oic~.
IZn~ fhP morfgaqor ~~ereby (urihe~ cot~ennnfs anc~ agrees to pay prompfly when clue fhe prinripal and
inleresl and other sum~ oJ money provided !or tn saicl note ancl thta morfgnge, or either: to pay a~l anc~
sinpular the IAYP3, qSSPS5rt1P/1I3, IPi~lPS. Iia6ililies, o6ligations, and encum6rancc+a o~ every nalure on said pro-
perty: fo permil, commii or suj(er no u~asie, impairment or deterioration oj said ~and or the improvementt
fhere~n at any lim~: to k~P~ ehp buildings nou~ or leerea~ter on said land ~ully insured in a sum o~ not ~ess
f~an n~g
in a company or companies accepta6le to 1he mortgaflee. Ihe policy or po~icies to 6e he[d 6y, and paya6le
to, saic~ morf~agPP, a?ic~ in fhp evenl any sum of mo?iey becomes paya6~e 6y virfue o~ suc~ insuranre th~
mortgac~ep Shoil h~~~P thP right to TPfPII~P and apply fhe same to the inde6tedneJS {iereby secured, accounting
to the mort~a~or ~or any s~irp~us; fo pny a~~ costs, c~n?ges, anc~ expenses, inc~uding lawyer~s jees and tif~e
searcf~es, reasoriably incurre~ or pai~{ ~y t~e morfgagee 6ecatesp oJ t~e ~ai~ure oJ Ihe morlgagor fo prompt~y
anc~ ~u~~y comp~y with Ihe agreements, sfipu~ations, conc~itions anc~ covennnfs of saic~ nole anc~ Ihis mortgnge.
or eilher; to perjorm, comp~y wit~~ and a6ide by eac~ and e~ery the agreemenfs, sfipu~ations, condilions anc~
covenanls set Jort{~ in said note and fhis morfgage or eil~er. ?n the event the morfgngor ~ai~s to pay when
due any ta.r, assessment, insura?ece premium or other sum o( money paya6le 6y virtue o) said note and t1?is
mortgape, or eit{ier, I~ie mortgayee may pay fhe same, wifhout wniving or nj~ecting fhe option lo Jorec~ote
or any ot{~er ri~~t {~erPUncler, and all such payments shal~ 6ear interest )rom date thereo~ at the i~ighest Iaw-
(ul rate Il~~n allou~e~l 6y f{~e lains o~ the $tate o~ Floridn.
~l ~ny s~im o( mor~~y ~~erein ~e(erretl to he not prompf~y paid wit{?in thirty c~aya next a~ter
the samP hecom~s due, or i f ear{~ and ei~ery the agreements, slipulations. conclitions and covenants o( snic~
nofe and this morfqac~e, or eit{~er, are not ~ully per/ormed, comp~ied with and ubidec~ 6y, tl~en 11~e entire
sum mentione~ in said riole, and tl~is mortgage, or t1~p enti~e ba~ance unpnid l6ereon, s{?alI )ortl~u~ith or
ihereafter, at th~ option oJ fhe mortgagee, 6ecome and be due and paya6le, anytl~ing in said note or herein
to Ihe confrary notu~if~islancling. Failure hy the morlgagee lo exercise any of the riflhfs or opfioru herein
pronic~ec~ s{~a~~ nol consfif~~l~ n u~aii~er o~ ariy rig~ts or options under saic~ note or f~is morfgage accrued or
l~~ereajler ncrruinR.
Dn ~~~n~S ~hereof~ f{ie saitj morfgagor has {~ereunto si,qnec~ anc~ sea~ec~ t{~ese presenls the
day anrl p~cer ~irst a6one u~ritlen. THIS IS A BALLOON MORTGAGE AND TfIE PINAL PAYMENT OR THE
BALANCE DUE UPON MATURTTY TS $7,862.54 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND
Si ned, sealed and delirered in iF~e ~L ADVANCII~9ENTS MADE BY THE MORTGAGEE
g presencp o':
_ , UN THE TE~ OF 7S MO TGAGE .
. . .~._.~..~~~a1.~t, ~
tne ~ - ~ - - ..~~C~LIA ~ ~ --G~A~tHARtST~~
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witness
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I STATE OF FLt)RIDA,
i ~ COL`\TY ~~F ST. LUGIE ~
I HEREBY CERTIFY that on this day, before me, an ~
officer duly authorized in the State aforesaid and in the Count~• aforesaid to tak~ acknowledqments, penonaUy appearcd ~
i
i C~CELZA E. GEARHARDT~ a cnarried woman '
L I to mr knoN•n to b~ the pcrson described in and who ea~cuted the (or~qoinq instrument and She acknowledg~d
! beforc me that she ex~cuted the same. ~
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i ~~'I1~NES5 my hand and officiai seal in the County and Statc last aforesaid this - day of
JUDIE .4. D. 19 85 .
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~ • • (s~j~I) ~NOTARY PUBI,IC
i : : - ' " ~ . = My commission expires: ~%S hcG
- t:~ ~ '85 JUN 24 P 3:47 ~
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t 7'Irrs I~ulniru~ul prrp~r~fd hy:
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! Acldreu BUOK'~W ~',~,'F I
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