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Q. R:
SOCK
7
557
ST. LUCIE COUNTT, FLA.
inlere~t then accumulated upon the amount f)f principal being
30 paid.
The privilo~e of partial release hereby granted is not
cu:nulativej that is to say, no reloases shall be r;iven for in-
sL\llmonts paiel in pursuance of the terms of the note prior to
the sub(1ividinr: of said real property nor shall the ~lortga~or
he entitled to releases for installments paid in pursuance of
tlle term~ of the note subsequent to such subdividing unless
S lIell releas es aro req ue s tod a t the time such no te ins ta1lmont
of r>rin.:ipal i:-< !1aid.
Howe ver, when 1-lortgagor becomes e1 igible
l) ohlarn partial reloases from this mortgage, and not being
otherwise in default herounder, the principal sums paid for
~uch releases 511all be applied to tho then next onsuin~ in-
~t;\llrnonL or insta1lmonts due unrtor the torms of the pro-
l~iss()ry nole securerl hereby.
':mr1'~J'.GO~ ar:reos to :;:eep the personal proporty encumhered
!J(}re:)y insure<1 ar;ainst r.1arine perils in an amount not loss than
t.lle b;lLlnce of th3 indobto(lnoss secured heroby, in a cmrpany or
cO;:lpanie~ l'1 he api)rove<1 hy said :':ort:;a~oe, anel the policy or
l)(,licies hold by ann payable to said :lortgar:ee, and in the evont
,lilY SlIU r,C Llolley bCCOI:ICS payable under such policy or policies,
l!le :iorll':a ree silall have tllc o;1tion to Tl.,'ceive and apply tlw
S,ll:IO on acc~)lInl of lhe indehtedness heroby secured or to por-
f.Ii t the !::JrL:a':nr to receive and use it, or an:r part thereof,
f!lr utller !)urq:Jses, l.i thQut thercby '\'aivin(~ or impairin.'; any
eql1i ly, lion :Jr rip:l1t tInder or hy virtuo of this mortr:aee and
~.Jay place ;\nr] pay for such insurance or any part theroof ,,,itllOUt
".;tivill,"" or affectinr: the option to foree1ose or nny rir;ht ho-:'o-
un-ler, and
eacl1 anel
every slJch paymont shall
boar
it
interost from
d;llc al the r,\Lo of six (6) per cent per annum.
:r\.:n':\~ss ',r.I:m:,;OF tho sai(l :.jortr:a~or has caus('lc1 this ;.lort-
Vice
~;t~~ li1 be executod in its nam~ by itsjPresi(lent, and its cor-