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BUOII . 26 PAGE ~~3
ST. IUCIE COUNTY. FLA. 6
such insurance abaU be carried and decenaiaa acceptable farms of loss payable a morcaaaee
clauses. -
~1. If an award is condeanaacioa be made with respect co all or any pact of the acopetty subject
hereto, the entire amount of such award taribncable co Morcaaaor's and Nortaaaee' interest shall
be paid directly co Mortaa6ee rather than co 1lotcaa6ot and Norcaaaee jointly and c~t condestniaa
authoriryr is hereby aethoelzed and dixected co make ouch paytneAt accordingly. '1'b~ proceeds of
nay snch aMacd, or aey Portia! theaof, shall be applied by Iloagagee at is option either co re•
ductioa of the ietdebtedaess secured hereby or co the restoration or repair of cbe ptbperty, !t being
understood that Ulongaaee shall e:eecise such option in accordance veldt the wtsyblla of Phillips.
S. lf, 4ocwitbstaadiag the fot~egoina provisions, paymeoi of am piocseds o~ atcosnt !f in-
snnace or coa~tarutloe is made co Morcaagor directly or co llottaaaor and Mort~a jet ~olnd~-,
Mongagor shall ~mediacely transfer and deliver snch proceeds, of 6V encirs lnterbt therein,
co Nort`aaee.
6. If Moagagor should default Tn the performance of any of the obliiradoes herein yet focdr,
Norcgaaee, la sddltioa and without prejudice to an ocher remedy which is slay 6av , tray ltselE
correct cbe defarilt and any sums so expended by ~ortgagee dull bs imrsediudy ~ue and payable
by Nonaaaor co Mort ogee, together with interest on such snu at the highest lsall rats from and
after the date of suc~ espeaditure until repaid, and such e:pendlcure, toaetber with such iacereat,
shall be secured hereby. '
7. No hllure of cbe Moccgagee to a:excise any option hereie gives to declaee kbe sucurlry- of
the debt herby secured sbal~ be taken or coascrued as a waiver of la right to esebclse such
option or to dsclare snch reaturity by reason of any past or present default oa the ~att of cbe
Mortgagor; and the procurement of iesnranee or the payntenc of to:es or ocher Mess, deba or
charges by Mortgagee shall set be taken or conatnred u a salver of iw ri`ht to dbclate the
maturity of cbe ledebtedneaa hereby secured by ceasoe of the failure of cbe Mon~oc to procntr
snch iaauraace ar to pay such texts, debu, Nees or charges; gad cbe lien of dtis ~aatrusrent
shall cemaw in full forte and effect dyriag any pos~onement or a:tenslos of the tree of p-ymeat
of cbe iadebcedeeu or nay part thereof secured hereby.
8. If the Morcga or stall well gad truly pray and dlsebarae the Indebtedness hereby scented
as is shall becoree ~ne and payable~nd shall do and perform all acu and sgeeeminu to be dose
and performed by 1loaga or under the terms and provisions of this mortgage, tbes this coaveyaace
shall be gad becosie nnl~ gad void.
4. (Insert "Foreclosure Iesen" Eor state involved-co be pasted oa and ialdaled by
Mongagor.)
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If the Mortgagor shall fail to pay, or canoe to be paid, ae it matures, the
indebtedness hereby secured, or arq mart thereof, according to the terms thereof, or.
if the mortgagor shall fail to cb or perfaru atp other act er thing herein required
or nutted to be done or perforsied, or if the interest of the KortRsvee in the premiaea
or improverrrertta becomes endangered ~ reason of the accrual or enforcement of any lien
or enc~brance thereon, then, in such-evwrtt, the Mlrole indebtedness hereby secured
shall, at the option of the ?IortgaRee, and •rithout notice, become i~r-ediate~y due and
payable and this Mortgage foreclosed pursuant to the statute in such case made and
provided, Mortgagor hereby rraivinp ~ and all appraisements and ~ and all xaiting
period prior to sale or foreclosure. In't he evertt of such forec? osure the NortRaRee may
bid at the sale and purchase the property, if the highest bidder therefor.