HomeMy WebLinkAbout0942 an~ ahn~~ p~r)orm, c~amp~y euUh rt~~d ~6ide 6y iwrh and et~sry I~e ag?r~msnls, ~tipu~alloni, condttlons and
c~oi~enanls Ilipreo(. and o( Ihis mor~~ane, flum ihit .mortAagp and the eitate hereby rnwled, ihall ceKUe, de-
ferminP a?~d b~ null and ~~t~l.
IhP mort~a~or hpr~rby ~urthe~ covenanls and agrees to pay p?omptly when dus the prlnctpul and
(nle?rsl anc~ other suryu o~ money prouiaec~ ~or i~ saic~ note and t~ti mortgage, o~ etfher, to pay a~~ and
aingu~ar fhe la.res, assessmenfs, ~ri~les, ItaF~illlies, o6~tgations, and encum6rances o~ every nature on said pro-
perly: fo permit, commit or suf~er no wasle, Impairment or dele~loralion oj said ~anc~ o~ the improuemenli
therecn al any NmP; to kPPn ~h~ hui~din~s nou~ or herea~f~r on aaid land ~u~~y inaure~ in a sum of not ~ess
than NIL
in a campany or companies a~~Pr~~6I~ to Ihe morlgaoee, 1he poltcy o~ poltcies to be held 6y, and payable
to, saic~ mortgagee, ant~ tn II1P Pl~Pf1I any sum of moncy 6ecomes payab~e by viriue o~ such tnsurunce f~e,
morfgagee sha~~ ~ave the riphi fo rncei~~P and apply 11~e same b the inde6tedness I~ereby secured, accounting
!o fhe mortgagor jo~ any surplus; !o pay a~~ cosls, char~es, and expenaes, tncluding lawyer's ~ees anc~ t1f~e
searc~es, reasonab~y incur~ec~ or ~~~td 6y ~hp morlgapee 6ecause oj the ~atltue oJ !he mortgaflor !o prompt~y
an~ (ully comply u~ill~ tl~e aflreemenls, stipu~afions, con~ifions anc/ covenanfs o~ saic~ nofe ancr i~ts mortgage,
or eit{~er; to per~orm, comply with and abide 6y each ancl every Ihe ,agreements, stipu~attons, condifiona and
~ covenanfs set ~orl~ in saic~ note anc~ f~is morfguge or eit~er. ln fhe event fhe morfgagor fai~s fo pay w~en
due a?iy tax, assessmpnf, insurnnce premtum or other s~im o~ money pnyab~e 6y ~irlue oj sntd nofe nnd fhis
mortfln~e, or eit~~er, l~ie morl~nf~ee may pay t{~e same, withouf waiving or aj~ecfing ihe opfion to'orec~ose
~ or any other ri~i~t 1~eteuncler, m~d all such payments shaU 6ear Interest Jrom date thereoJ at Ihe highest law=
` (u~ ral~ il~en a~~otved 6y Ihe lau~s o/ the Slate o) Florida.
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~ ~l any sum o~ mon~y ~~erein re~errec~ to 6e not prompt~y paid within Thirty c~Qys next o~ter
~ t{~e same 6ecomes c~ue, or iJ each anrl euery IF~e aflreemenls, stipu~ations, condifions nnc~ covenants o( said
note nnd this mortgac~e, or ~ifl~~r, nre not f ully perjormed, complied wilh and a6~ded 6y. Il~en the entire
sum menfioned in said ?iote, and this mortgnge, o~ the enlire 6alance unpoid thereon, shall jorthwitl~ or •
the~eajler, nf the option o~ the morl{~agee. 6ecome anc~ 6e clue and paya6le, anyf~ing in saic~ note or herein
to tf~e corilrary nolu~ilhstanding. /=~ilure 6y the mortga~tee fo exercise any o/ the rights or options herein
proviclec~ sha(~ not conclilut~ n tv~i~~er o~ any rig~fs or oplions uncler saicl nofe or t~iis morfgage aceruet~ or
thereaJter nrcruinQ.
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~n ~itness ~hereof~ I~u• sni~I mortnngor has hprPUnto signecl an~ sea~ec~ f~~~se presenls fhe
c~ny an~~ year ~irst a~~oi~e ~oritlen. -
$ignec~. sea~P~ antr t~~~i~~emc~ in I~i~ pr~si~nr~~ o~: , . ~
' TROPICAL HOMES CONSTRUCTION, _ ZNC:_`;._ `
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STATE OF FLORIDA, ~
! COL\TY c~F St . Lucie
~ 1 HEREBY CERTIFY that on this day, be(orc me, an
officer ctulc authorized in the State aforesaid and in the County a(oresaid to tak~ acknowledqments, p~nonally appeared
RICHARD G. DLOUGHY, Vice President of TROPICAL HOMES CONSTRUCTION, INC.
to me known to Fx~ th~• prrson described in and who earcut~d the foreqoinq instrument and he acknowledged
beforc mc that ~10 ~x~cuted the same.
~~'ll'~ESS my hand and official seal in thi• Cuunty and Stan~ last aforrsaid this day o(
~ a. D. 19 87
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f ~ (SEAL) . otary PuL~c r~~...
- _ ,;~My commission expires: ~~~a~~q4
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~ n coaais~ia c:r. ~er :i.~no
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` !'Iris Inslnm~~~~~ pr~pnr~~l hy: Si. LUCtc L : ~ :
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