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IQri' 8, BLOCIC ~11~ ~ o! MD3T11Il~E SOHDIVIS~01~~ a• per plat t?~s'~o! OD
rseord in pla~ ~~ook 7, page 45, af t~s public aDsoord~ o! 8t. L~cis
Conatp, Florida.
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~ THE IIAf~RTGAGOR COVENANTS AND AGREES TFIAT: t„`., `"S.i c~.•..,~~~ i;...~.:,~.
•
l Il) Th~ MORTGAGOR h~r~3n sha{I make th~ payrr?ent , c~lled for in th~ fl7rst mort~~
: • ~r erXUmbering thia property, to the MARTGAGEE hersin, whkh pa~rmm~nt tfie MORTGAGEE 1~~- ~
in aF~all in turn dslivar to tt+e awner af ths said Zi=~t m~xpaqn .
- (2) if ths MORTGACOR hereiR dos~ not make tha :cheduled psymenri as thsy co~rie due u~ thi ~fora
said f 1]Cat nwrtqeqe , tF~n tt?e MORTAGEE t~ers st it~ptivn, can malco ths ~id dsli~-
Y quant paymsnts . adding said payment ~ m~e to the balsncs due under this m~iga~e dsed. In
the evsnt tfiat th~ MORTGAGOR herein does not make the xheduled payments as they bsoorrw due
under the sforeaaid ! 1x'i~ mortgage , then at the option af the MORTGAGEE
' ~horein, the anti~e bale~ce due her~eun~der can ba decJared due and payable in fuil w~ dsmmnd by ths ~
' said MORTGAG?EE F~oin.
(3) 'The MORTGACOR herein :halt not furtM?r encumber this prop~rty, axc~pt by obtalninq th~ psrmission
of th~ I?+10RtGAGEE henln.
(~4) Tha MQRTGAGOR hsrein will it ths raquest o4 ths ARORTGAGEE F~eln, rrFlnsno~ ths firat mortQaq~
now encumbering this ~operty st any time deemed dssirabl~ by thr MORTGAGEE hsrsin. Ths pra
cseds of said refinancinq to b~ applied ayain:t thr unpaid balarxr dw hK~u~r.
' ?hs M4RTGA~GOR hersin will ~t the reqwnt af t!?~s MORTGACEE hsrsln aKkrwwi~dqe thfs ~nort~
and the amaunt siill d~e at the tima of tfie request on a form providsd for 1t~is purpo~ by ths MORT-
• • GAGEE.
(6) Failurf on the part of tltie N1U~tTGAGOR 1a comp~l wlth, parfawm, or +~bide by ~ny a~f tFMr epr~rn~h,
e
:tipulations, oonditiarn ar~d caw~anri as set fort abow in secibns l, 2, 3, 4 a~d 'S, ~rnp~wan t1w
MORTGAGEE h~rein, at his aption, ~o dmdare tM ~niirs balancs du~ hersunder b b~ dua snd payabfs •
; at onoe. Faliura of tM MORTGACEE herein, ta exKdse this optic~ at .ny tir+rw shat) naf aonstitule a
j - wsiver of tht riqht to exerci~ this option at :orr~ tEmo.
~
~ in t1~ ~vsnt of foredowrs of thii mortya~s da~d, ths MORTGAGOR vrill b~ h~id Ilabl~ a~ly ta th~ ex-
tant ~ th~ prop~rfy sncurr.bered b~y thi~ mort~sq~ ~d+s~d. '
THIS IS A 8~C0l~ NAORTGAGE t~ED. 0 R~ ~ ~
'fFNS f5 A Pt~,tC~sA MONEY MORTGAGE DEED. ~