HomeMy WebLinkAbout0950 anc{ ihall per~ofm, comp~y Cult~i an~ a~t~a by ecuh anc~ eoery t~~e agresmenb, ~Ilpulafloni, c~ondit(on~ anc~
covei~anls tl?ereof, and oj Ilits mortgane, fF~en thii morlgnge and fhe e~iate here6y creafed, ihall rea.te, de- ~
terminc~ and be null an~t void.
~nd Ihc~ morf~a~or ~~eruhy f urther covenants anc{ aprees to pay pcompl~y w~en dua Ihe prl?icipal and
inleresf nnc~ ol~ier sums o~ money proui~Iecl for in satc~ nole and fh[~ morlgage, o~ either. !o pay ~l~ and -
11ngu~ar I~ie I~xea, nssessments, levies, ~ia~i~iftes, of~~lpations, und encum~mnres o~ every natute on ~atd pro-
perty; to permil, commtf or su~~er rio waate, impai~ment or c~efertoratfon a' aaid larid or fhe improvemenli
Ihereon at n~iy limc~; lo k~~ep 1'~e f~ut~clin~s ?ioiv or ~ereaf ter on sntc~ ~anc~ ~t~Ily ina~uec~ in a aum ol no! Ieat
~ ~han FULL INSURABLE VALUE .
In n compnriy or compariies :~cc~pln~~~e to ihe mortgaQee, Ihe po~icy or po~ictes !o be held 6y, And Paya6t~_
_ to, sal~ morf~a~ee, anc{ in lf~e enen! any sum o( mon~y 6ecomes paya6le by utrtue bj such insurance t{~e
mortgaflee s{~a~~ E~ano t~~e ri~~it la receiue ancl apply !he same !o the indebtedne:s f?eretiy secured, accounttng
to the mortga~or jor any surp~us: to pay al~ cosfs, c'~arges, anc~ expenses, incltidinp Iawyer's ~ees and t1t~e
~ ~ searchea, reasonaf,~y incurrecl or p~id 6y the mortgaflee 6ecause o` l~e jai~ure oj Ihe mortgagor fo prompt~y
anc~ Ju~~y comp~y u~il{~ tf~e a~re~menfs, siipu~alions, conc~itions anc~ covenanls o~ salc~ note anc~ Ihts mortAoga,
or etther; to perjorm, com~Iy wit~i ana a~iic~e ~y ea~h ancl euery the agreemenfs, sfipu~ntton~, conditlona anc~
covenauls set (orf11 in saic~ note anc~ t{~is mortgage or eit~er. ~n ihe event the mortgagor fai~s to pay when
due any ta.r, assessment, insttrance premium or olher sum o/ money paya6[~ 6y virlue o( said nile and tF~ts.
mortgn~e, br ~il~~er, I~~e mort~agee may pay t~e same; iuit~out wniving or af~ecting the option !o forec~oae
or any ofher ri~~lit her~i.r~der, ancl alI siich payments shall bear tnterest (rom dale thereo( al the f~igheat Iaw-
~uI rate tl~en allowed 6y tl~e laws o~ th~ Sfate oj Florida.
nriy sum o~ money lierein re(erred lo be not promptly paicl withtn FIFTEEN days next a~ter
' Ihe same ~ecomes ~u~, ~or i~ eac~i anc~ every Ihe agreemenfs, sfipu~ations, condilions an~ covenants o~ said -
~ note and t{~is mortgn~e, or eitF~er, are not f ully perJormed, complied with and a6~ded by, lhen the entire
sunt mentioned in said note, a?id tF?is mortpage, or the entire balance unpaid iher~eon, shall jortltwitft or
~ thereafter, at t1~e option oJ the mortga~ec, become and 6e due and paya6le, anytl~tng in said note or I~erein
to ihe contrary reolwit{~stanclinc~. I'atlure 6y ~hp mortgagee to exercise any of I~e rights or options herein .
prouic~ec~ sEia~~ nol conslitute a u~ainer oJ nny righfs or opfions tinc~er saic~ note or t~is mortgage acerued or
t~erea~l~r nccruinc~. - .
~n ~itness ~h~reof~ tf~e said mort~agor has f~ereunto signed and sealect tl~PSe prPSenla t~e
-day ancl year ~irsl nhone ~vritlen. -
Sigr~. ~Ie and deliuer in I?i „ es 1re of :
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~ ---G 4~:• ---1•-~-- .
• _ -W LLIAM f . S TH `
- ~ - s:c.ti~!~_------------~~
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~ ~ IA A. SMITH
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STATE OF FLORIDA, _ . .
COUNTY OF -ST. LUCIE ~
- I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Statc aforesaid and in the Connty a[oresaid to take acknowledgments, personally appeared
- . WILLFAM T. SMITH and t'ATRICIA A. SMI7H, his wife ~
to me known to be the peraong described in and who -ez~cuted the tor~going instrument and they acknowi-daed
beforc me that tPl@~/~xecuted the same. f • ~
WI1'NESS my hand and official seal in thc County and Statc last dforrsaid this ~ dly o[
- yovember A. D. 19 82 ~
$~~61 , - ~ ~
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RO[iINETTE G. McALIS'~~R', ~'S _ i
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- Tliis Intlramcnr preparcd by: -
Addn~s dt)~il~( ~C7~ FACE. ~c~ - - -