HomeMy WebLinkAbout0918 and :hall per(orm, ~~omply wilti and a6~de 6y eac1~ and enary tl~e a~resments, s!lpulaftoni, cond~tioru and
co~~er~anls ~hereoJ, and oj If~is mort~as~e, thpn tl~ia mo?t9o~e and tl?e es~ate hereby creatPd, rhaIl ceass, d~-
lermine ancl ~e nu~j ane~ ~~oi~.
Ii~ t~P mortga{~ur fierr~y (url~e~ conenanfa and agreet to pay promptty u~hen due the prFncipel and
inlerrsl am{ ofher sums oj muney proui~ra ~ur i~~ suic~ not~ a:.t~ lh:: mortgnge, or etl{~er; lo poy al~ and
singular the laxes, assPSSm~nts, levips. 1ia6ilities, oblif~ations. and encum6mnrea oJ every noture on satd pro-
perty: fo ~rmil. currimif or su~jrr ~ro ei~astP, impairmenl or deteriorolton oj sata ianci or iiie irr,N~uvan~v~•C.
thp?rcn Q~ NiY lth}P; ~O ~PPn 1~P ~/11~~I/II~S IIOW O~ ~P~'PAJ~P~ Of! .Qid land JU~~y ~/1JUlPA t/1 a SLLR1 O' I10~ ~@1!
~h~n full insurable value.
in a compn~zy or compani~s urrrpfu~~e tu I~~e morigu{~ee, I~ie ~~iry or policies fo ~,e ~ie~c~ ~y, a?~d ~ya6[~ ~
io, saic~ ii0it~tlyrP. Riii~ in 2~.= at~, nt ur:y sarrt o~ ~norzey ~PfAMPS ~yobl~ 6y virlue of such insurance t~e
mortgagpa shall I~anp the right to r~PivP and opply tl~e aamr to the inde6tedness hereby secured, accounting ;
to fhe morfganor (or any surp~~es; to pay a~~ costs, c~u?pes, nnc~ axpenses, tncluc~ing lawyer~s ~ees antj tltle ~
search~s, reasona6ly incurre~{ or pai~ hy t~ie morfga,qee because o~ the ~atlure oj f~e mortgagor to prompf~y ;
anc~ (u~~y c-omply u~it~ t~e agreerr~enfs, stipu~ations, conclitions anc~ eovenanfs o~ ~aed note and tl~ia mortgage, ~
or eif{~er; to perJorm, comp~y wit~~ a~d abide 6y each and euery tfee ag?eemenls, afipulations, eonditions nnd
cot~~nants sef (orth in sai~ note aRd t~eis rrtortgage or eiltie?. ~n t~e event fne mortgagor ~ai~.t to pny when
[~ue eny tax, assessntenf, enseerancp prnmium or ofher sum o~ money payu6le 6y virtue o~ saitj note and t{~is
mortgagp, or eil~~er. 1/?e morfqa,yee may a,y !tie same, witf~out u~niving or a(~ecting tke option to (orec~ose
or any otf~rr ricif~t herpurider, and a~l sucl? payments shall bear interest ~rom date thereof at the ltighest lnw-
fu~ rale I~~~n a~lo~vec~ ~~y I~~e ~~irs oj t{~p ~fate o~ /'~oricra.
Dl any sum o~ mon~~ ~~~rcin r~(~rrec~ lo tie not prompf~y poid within 3~ days next uf fer
Itir soner bPC-omes duP, or iJ each and ei•p?'y thP n~reements, stipulutions, conditions and covenanis o~ said
nole and this mortgac~e, or PII~P~, are not ~ully perfornted, complied with and a6ided 6y, t{~en ll~e enfire
sum mentionecl in said note, and this mo'rtgage, or tl~ e entire 6a~ance unpaicl tF~ereon, s~all (ort~mitl? or
f~P~Ppfter, al fhe oplion oJ tf~e mortgagee. 6ecome and 6p due nnd payable, nnything in aaid note or herein
to fhe contrary nohoit{~stnn~int~. Failure ~y the mortgage~ to exercise any of fhe rig~ts or options herein
provided s~a~~ nof consfilulP a u~ain~r o~ any rig~fs or options unc~er saic~ nofe or f~is mortgage accrteed or
t{~erea(I~r ~ccn~inq.
~n ~itness ~hereof~ ~jIP S~I~I mortga,yor ~IAS J~ereunto signecl ancr sealec~ these presents 17iP
aay ane~ yenr ~irst a{~ore writlen.
S((JI1PQ. SP(fIP(i RItQ RPG/'PfP~ (!t l~tP ~1PSPACP O'-
--'I/~~~~i~G`.:X/....~7- - . : ,~.C_'.r[/~'.~~~i~l~'-•-"'--~-'-
ael . Re s
_
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Sheila A~
Rees ~
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- - - - - - - ~ - - - _ .
STATE OF FLORIDA, ~
COU\7"Y OF S i L w~.
I HEREBY CERTIFY that on this day, before me, an
o(ficer duly authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowledgmenu, penonally appeared
Michael E. Rees and Sheila A. Rees, his wife
to me known to br the perso.i g described in and who executed the for~goinq instrument and they acknowledged
beforr me that they ~zccuted the same.
~ti'I7T`ESS my hand and official sral io thc County and State last aforesaid this ~ 4`Z day o(
December A• D• t9 85
~~'S~.-
Notary Public
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7%ris Irrs~rr~nrfu~ pr~prrrr-~l by: • ~
Harold H. Goldman, Esqufre
~~~f~~«u 10020 South Federal Highway • `
~ Port St. Lucie, Florida 33452
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