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and shall perform, comply with and abide by each and et+ery tits agreements, stipulations, condtttons~and
cotenants thereof. and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and t+oid.
~l~11 the mortgagor Newby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided (or in said note and this mortgage. w either: to pay all and
singular the lazes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit, rnmmif or suffer no waste, impnir-nenf or deterioration of said land or the improt+emenfs
thereon at any time; to keep the buildings now or hereafter on said land fully iruured in a sum of not less
than the amount relataining from time to t~me ~~aid
in n company or companies acceptable to the mortgagee. the policy or policies !o be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such instuance the
mortgagee shall have the right to eecetue and apply the same fo the indebtedness hereby secured. accounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulattoru, conditions and covenants of anid note and this mortgage,
or either; to par(orm, comply with and abide by each and every the agreements, sttpulationa, condttioru and
covenants set forth in aald note and this mortgage or either. In the event the mortgagor fails to pay when_
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest tau+-
(ul rate then allowed by the laws of the State of Florida.
~` any sum of money herein referred to be not promptly paid within 30 days next alter
the same becomes due, or if each and every the agreements, stipulnttons, conditionu and covenants of anid
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire bnlnrtce unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
n ~u~~ ht~tof, the said mortgagor has hereunto signed and sealed these present the
day and year first above written.
in the presence of
IT O$n
. .. . ......
amm, r.
~~~: ~~ S Lamm
Arlene
STATE OF FLORIDA,
COUNTY OF $t. LuCi@
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State atoreuid and in the County aforesaid to take acknowledgmenu, personally appeared
JOHN H. STAMM, SR., and ARLEAE M. STAMM, his wife
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to me known to be the perwn 8described in and who executed the foregoing instrument and Who acknowledged
before me that theyexccuted the same.
WITNESS my hand and otticial seal in the County and State last aforesaid this 8th day of
February A. D. 19 6 ~ . /~ ~)
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Nt~Esry rubgq Stab of FbAde qt Large
fuy Comm+ss'on Expires Dec. 4, 196]j
t 1~ (~ ~ ('(' n 1F ~ BoMed ny Americut Surety to= ~ ~
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1961 QED 2z pM 9~ 05 ff--~~`j ~ ~t ~:~,~';R j~:
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