HomeMy WebLinkAbout0971 nnd thnll perlorm, c~ontply witk and abtds br eack nnd evvry the agreQmenb, itipulationi, conditloni nnd
oouenanta the?eot, and oj ttiis mortgap~, t~en IkL neort~ogQ an~ the ~atats her.5r createc~, s~ ceare, ds-
termine and 6e null and void.
~ t~?e mortgagor hereby ~urthe~ ccrvennnts ond agreea to ~y P~p~ly w!?en due el~. prt~tpa! and
interesi and ot~er sums o~ n~oney provtded (w tn aalc~ note nnc~ thb mortgage, or dt~er; to pny a~~ and
iingu~ar t~e taxes, assee~menta, ~eutes, ~ta~i~ities, ob~igntlont, nnd encumb~nncts oJ euenr nnture on aatd pro-
perty; to penr~it, commit or ~uf
fer no uwsfe. impairment or dete?ioratton of ~atd bRd or the improvemrnb
t~erecn af any time: to 1e~ep f1~e 6ut~ings nou~ w herea~ter on aatd land /uUy tn~ur+ed in a rum of not less
than nil.
in a oumpany or companies accepta6je to the mortgagee, fhe po~lcp or po~fctes to 6~ I~etd 6r. ~d ~xirabl~
to, mid nwrtpagee. end in the eaent any swn oj money 6a~omva ~ya6l~ 6y virtue b/ auch insurnnce tl?~
n~ortgagee shnll have tl~e right to ?ecetve and epply the sanie to tiu indebtedness hare6y aecurtd, accounttnA
to the mortgagor ~or any surp~us: to poy a~~ owb. chu?ger, nnd expenset. inc~udtng laurper~i ~eei a?u~ tif~
searrhes, reasona6ly tR~w~.~d or ~td 6y ehe ma~tgagee becuuse oj the ~ai~urn o~ !ke mortgagor to prompt~y
nnd f
ully oo~?piy wii~? !he ogreements, stipujatlo?u, condittoru n?~ c~o~enanb o/ ~aid note and thb mortgape,
or eFthe~; !o per(orm. ~o~ply ~itl~ asd abtde 6r ~h o?~d e~ery t1~e agreementa. ~Hpu~at~oru, oondittons and
cavenants set jorth tn said note and thFa mortgnge or eitF~er. In t?se event tke mortgagor /aiL to pay wlwn
due anq tax, asiessment, iruuranc~e premiwn or other sum o~ money payable ~iy virtue o` said not~ nrtd t~tb
mortgage. or ett~er. t~e mortgagee may paq the same, u~ithout u~aiving or a~fecting t~e oplton to forec~os~
or nny other ri91~t hereunder, and aU such payn~ents il~aU 6aar tnteroit ~rorn date ti~ereo/ at the higlust iaw-
~ul rate then allowed by ihe lawa oj t?~e State o/ Flo.tda. '
any sum oJ money he?ein re(erred to 6e nof promptjy paid wit{~in Thirty dars next ~tar
t~e snrne becomes c~ue, or i~ ench and euery l~e agreernents, stipu~attoru, conditions nncl eovenants o~ taid
note and t~ls mortgoge, or ~eil~ier, are no! fu«y perfonreed, compliec~ with and a6tded by, then !he entire
tum tnentianed in said note, und thia neortgage, or !he enline bnlance unpaid thereon, sl~al~ forf~?wttk or
the?Bajter, at the option o/ the mortga~ee. 6ec~ome and be due and payable, anythtng in said nots or I~e?~in
to the contrary notwithstnnding. Fnijure by' the mo?tgagee to exencite nny of the rig~b o~ opHo?u he~+sEn
pro~vided sf~nl~ not consliiute a waiver oJ any rig~ts or optiona under said note or t~is mortgage nocrt~ or
theren f ter accruing.
~n ~~~Il~ ~~o`~ t/~e said mortgagor has hereunto signed anc~ senlec~ theae presents tf~e
c~ay nnc~ year f irat above writien.
Signe sealed nntl cle~ic~eretl 'n tl~e presence of :
r ~
- - - - - -
~ Jod Y
~ . . - -
Wendy Young ~
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STATE OF FLORIDA, ~
COUNTY OF ST . LUCIE
I HEREBY CERTIFY that on thi~ day, be[ore me, an
of(icer dul~~ authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowledgments, p~rsonally appeared
Jody D. Young ~ Wendy Young, his wife
to mc known to b~ the persorS drscribed in and who ezecuted the forcgoin,q instrument and ~0 acknowledged
beforc me that THEY ~xecuted the aame.
K'I7;'VESS my hand and official seal in the Caunty and Sta!e last aforesaid this • tt'. of
June A. D. 19 86 '
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(SEAI•~ ~ -
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NOTARY P L ~ ~ ~My Commission _ s : ~ ' , ~r~
`J~J1`~~ . ~ ~y:
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'86 J~ ! 11 ~10 :O1
J ~ gooK 503 ~~~f ~ ~ G
'1'hii li~s~n~rrrc~r~ p~pnrrd hy:
_ Addre_ss
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