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/_^'' `• and shn11 perform, comply with and abide by each and every the agreement:, atipulationa, conditions and
~ r _covenant: Thereof, and of this mortgage, then thin mortpage and the estate hereby coated, shall cease, de-
i termine and I,e null and troid.
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`•• lhP mortgagor hers+by jt-rlher covenants and :greet to pay promptly when :lue the prinrtpal and
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interest and other sums of money provided for in said Hole and this mortgage, or either, fo pay all nn
„ ', singular 1hP laxPl, assessments, IPViPa, linbilifies, obligations, and encumbrances of every naftue on said pro-
n. h„ pPrly: to permit. commit or suffer no wnsfe, impairment or delertorolion of said land or the improvements
thPrnon at any limp; to Pep the i,uildings now or hPrnaflPr on said land fully insured in a sum of .ml less
than
in a company or companies acceptable to the mortgagee, the policy or policies fo be held by, and payable
fo, said mortgngeP, and in the event any sum of money become: payable by virtue of such insurance the
~~ mortgagee shall hoop the right to receive and apply fha same to !h:• indebtedness hereby secured, acrnunfing
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io the mortgagor for any surplus: to pay all ~.,s.s, :l:::rH~:, :.d .~.-~^_>"s, i.^,c1~!ai~eQ l^-"y"r~a ~~r, u:a ..:.:-
(I searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
~~ and fully comply with the apreemenfa, stipulations, conditions and covenants of said note and this mortgage,
(~ or either; to perform, comply with and abide by each and every the agreements. stipulations, condition: and
covenants set forth to said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tux, assessment, insurance premium or other sum of money pnyable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments :boll bear interest from dale thereof at the highest lnw-
ful ra~e~~jj then allowed by the faros of the State of Florida.
1` any sum of money herein ref PKPd fo be not promptly paid within 30 days next after
the same bPfOlnPa due, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, eomplted with and abided by, then the entire
sum mentioned in said Hole, and thin mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or hereto
to the et+nfrcrry n~h-,ifhsfandinQ_ Failure by fhP mortgagee fo exercise any of the rights or options herein
II provided :hall not constih-tP a waiver o/ any rit-hfs or options under said note or this mortgage accrued or
~~ fherenfter arrrning. `
~n ~~ulttSS ~~Yt4f, the said mortgagor has hereunto signed and sealed these presents the
day and year first above u~ritlen. 1
Signed, sealed and delivered in the presence of : ~/ '
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STATE OF FLORIDA,
COUNTY OF Saint Lucie
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Starr atoreuid and in the County atorrsaid to takr acknowledgmenu, prraonally appeared
ROBERT J. COCHRAN and VIRGINIA R. COCHRAN, his wife,
to mr known to br the person 8 deuribed in and who a:ecuted the [ongoing instrument and they acknowkdgcd
betorc me that they" rxrcuted the same.
WITNESS my hand and otticia! seal in thr County and State last aforesaid this twentieth day of
II January ~ n Ig tit.
~ ,~ ~,~ Notary Public, State of Fla. at Large
;~~•'• '. {` F!! AND RECO!~LFD
~ : o ~~ ~~ .~• .., ~f ; ; !-(~jf~c~ _"' 1 ~ My Commission Expires;
nF' ~~,~; i, ,~- POIT ~~. Cll.,.. •'t:~'~::~ ~~~ .
., ;, .. LIJCIL COUNTY, F:_tli. ;,7l~ - .. ~` ''':'~
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