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and .haU perform. comply wllh and abIde by ~h and .I'e,." Ih. agre.mlmh. .lipulalion.. condilion. and
covenanl. I hereof, and of thl. mortgag., Ihen Ihb mortgage and If.r fO.lalfl h..reby crl'alt><!. .'Iall C1',III'. dp.
'Iermine and h. null and 1/Old.
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, Rnd Ihft morlgagc.r herl.by furtf,t>r covl'nanl. and agree. 10 JX1y promplly wlu';1 dup I',p princip,,1 ond
;nleN's1 and olhpr .unu of monpy pN)!'ided for in '3id note and Ihit morlgag(>. or ell',,'r; 10 poy 011 und
,Ingular Iht> la.,;e.. aueumenh. levlt'.. liabiliti..., of,ligaliofu. andl'ncum')rance. of 1'l'..ry nalurp un $fIid pro
pl<rty; 10 permit, commil or .uffer no u'a..le, impairmpnl or cf,'lerioNlion-of .aid land or I',.' imprOI','nll'nh
_ dU'rf>on 01 any lime; 10 kl'ep Ihe 'Hlilding. nGW or 'u'rf'af"'r on ..aid land fully iruurpd in 0 IUnl of 1 III I I..H
ihan Six Hundred Dollars ($600.00) - - - - - ... - - - - - - - - - -
. In 0 company or companle. acceplahle 10 Ihe morlga(lpe. !ht> policy or polici"1 10 he [wid ,,)'. and 1',,)',,',1.,
10, ..aid morigagflt', and in Ihe t>I'enl any .um of monpy bpcoml" payabb ')y !'irlue of SU("I insuroncp Il.p
m(,rfga!Jl>p .hall h<<l.e Ihe righl 10- re('eil'p and apply Ihe ,ame to Iht> indt>blP<ln.." 'll'rehy 'I'cured. oc('ounling
10 11.1' morlga(lor for any .urplus; 10 pay all co.h, dlargel. and IIxpen,es, inc/udinf/ law)'pr'l fpel olld 1iIle
.earcht>.. N'GSonabl, inrurnod or paid by Ihe mortgagee bl'cause of the failurl' of Ihl' morlgOflor 10 prornplly
and full, comply will. I'll.' agreemenls, .Iipulalions, condilion. and cOl'enanls of ,aid noll' andll.i, morlf/agp.
or lIi/hl'r; 10 perform, comply'with ant' abid~-by each and el'l'ry Ihe agrt'empnl.. .Iipuialions. condiliofu and
cov.non" .el ;t>;-Ih In .aid nole and II.;, morlgagl' or ellh~r, In Ihe e!'enl Ihe moriga{J'>r faIt.. 10 pay when
clue any t!lX. a..e..menl, in.urance prt'mium or olher sum of mom'y payable by virlue of said nail' and ,'ti,
morigage, or ellher, Ihe mortgagee may pay Ihe .amt>, wilhoul waiving or affeclir.g Ihe oplioll 10 foreclose
or any olher rlghl hereunder, and all .uch paymen" .hall bear inlere.' from dal(' Ihereof al Ih(' highpII law-
fuI rale Ihen allowed hy Ihe lawll of !hp Slaie of Florida.
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If eny mm of mon('y herein r('fef'Ted 10 be nol pl"f)mplly paid wilhin 15 clay,- fwxl afl('r
Ihe .ame becorne. due, or if each and every 11.(' agreeml'llls. sliplllalion., condilion, and CO!'Ellall" of said
nole and II... mortgage, or ei/her, are n' I fully performed. complied will. and abided by, Ihen Ihe ('nlite
.um menlloned In .aid note. and Ihis merlgage, or 11. e enlire balance unpaid Ihereon, .1.011 forihwllh or
Ih,,,'.cfln, al Ihe opllon of Ihe morigagpe, become and b(' due and payable, anylhing in .aid nail' or herein
10 Ihe conlrary nOlwilhslanding. Failure by Ihe mor/gagee 10 exerdu any 0; Ihe righl. or optior.... herein
proviclt>cl shall nol conslitul(' a waiver of any righls or oplion. under .aid nole or "v.. 1'f\Cf"lgage accrued or
Ihereafler accruing, .
In 1ttitntss 1tthmof, Ihe .ald morlgagor 1.03 hereunlo signed and sealedlhe.e presenls Ihe
day and year firsl above wrlllen.
Si{ined. .ealed and delil.ered in Ihe presence of:
'~~~'__h'h""__'_."'__"'."'"
._.~...e-,.--.....~.....--..--...
wL -;1 a fJ__
. wiiiia.~"'L-~'-- Bail~'Y~ -----.- - CD
., _______. .__'" _' - - __..,..... . __________ ..--.CD
~ ',L'. ~d,_", .
..Vt~s-~----'Barr:eY-7'-'''--'''--''.--.
...CD
................................................. -...-.........................
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.........--.........................--....--.--........-...--" ,........-..
STATE OF FWRIDA,
COUNTY OF ST. LOCIB
~
I HEREBY CERTIFY lhat on lhis day, ~forc m~. an
offic~r duly aulhoril~d in th~ Slate afor~said and in th~ County aforesaid to lakr arknowlrdgments, p<'nonallv app<'arffi
WILLIAM L. BAILEY and LOIS S. BAILEY. husband and wife,
to me known 10 ~ the penon S dClcri~d 10 ;md who neruted lh~ forrgo!ng im:rum~nl and they acknowlrdKed
~fore m~ that they (',,('cutl'd lh~ sam~,
WIT:-;ESS m)' hand and ofEcial ~al in the County and Stal~ last aforl'said this
28th
March
A. D, 19 61
~me,,~;~:~,::~..
-.: ........ _ c.... ~ ...
Nott:., r: '" ~';'~ 01 Hon~ il:.~. :
My (O;ilm;u:on bp:rM Sept. 1. ,\~6t ~ 1 C \".-'
..._ .., ".-;u, I.... " c.o.-. c,. .'....., ,. .......
,/ (. :....... '.
9375~(
FILED A!m RECORDED
IN~
~O()K
1951 APR -4 AM Ii: 47
R0LJi:i. F0ITH~;j :'l[~1(
Sf. LUCIE COUNTY. FlORi1oA
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day of