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and shall ,?~~rEorm, ~•omply u~illi und ahide 6y eac•h arid pl~NrV thH ugreeme~its, stipulations, conditior~s and
coi~enants thFrco(, c~nd o( this mortgage, tl~pn this mortgac~~ anc~ thP P9~QIE' {~ereby ~rPatet/, sl~all cewe, ~e-
~ ferminP nnc~ hP nli~~ u~e~~ t~oi~. ~
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' ihN mortgagor'iPr<~hy jurt{~e~r roi>enants anc~ agrees tu pay hrompfly u~~en c{ue Ihe principal and
i?~terrst anc{ ot~~er sums o~ mone} proni~ec~ ~or in saic~ notP anc~ t~?is morfgege, or either: to pay alj and
sinc~ulnr tl~c~ tnxes, assessmEmts, le~~ies, lia6ilities, oE~~iyatiorts, an~ encumhrunces o~ every nature on said pro- ~
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perty: to permii, commit or si~jfe~ no wasle, impairment or dpteriorufion oj saic~ ~anc~ or the imprnvements j
th~r~~on a[ any time; to ~r~ep t{~e 6uildings nou~ or I~e~r~a~ter on snid land f iilly insured in n sum o~ not ~ess `
~hn„ Full Insurable Value j
~ in n compnny ot rompnnies acceptahle to tjie morigagee, thp po~icy or po~icies !0 6e ~?e~t{ hy, and ~Qyable ~
to, sai mortc ac ee, an~{ irt the event nny sum o man~
I ~ f y hecomes Qayabt~ by virtue o~ suc{~ insurance the '
mort~nc~f~~ shall l~a~~~ t1~e riy{it to rc~cei~~e and apply the same to the inde6tedness hereby secured, accounting
l to the morlgaqor (or uriy surp~us: to pay n~~ costs, charges, nntl expenses, including ~awyer~s jees anc~ tit~ ~
~ sP~rcf~~s. reasonaf~~p inrurrer~ or paic~ ~~y f~P murtga,qee ~ecause of the fai~ure o~ t{~e mortgugor to prompt~y
I anc~ ~ul~y c•omp~y u+it{~ t{ie a~reements, stipu~ations, ronc~itions ancl covenants o~ saic~ nofr an~ this ?nartgage. ~
I or either; to perform. ~omply iuith and abid~ 6y eac{~ nn~ PVPry the apreements, stipulations, conditions and ~
coi~enanls set Jorth iri saic~ note and t~is mortgage or eilher. In the event the mortgagor ~ai~s to pay when '
due any tar, ussessmenf, insurarice premium or of{~er slim of money paya6le 6y virtuF of saic~ nole anc~ t{~is i
mortgage, or eit{i~r, t{iN mort,yng~e may pay the same, wifhout waiuing or n~~ecteng the option to forecjose ~
or nny of{~e- rig{~t f~er~urEC~er, and aIl such payments shall 6ear inter~st from dalp tl~ereof at tfse highest law- !
~ ~ul rnfe tli~n nl~oiaed by t/~P ~ati~s o~ the State o) Florida. ~
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nrty sum o( monc~y {i~rein re(erre~ fo he not prompt~y paic~ within Fifteen c~ays next aJter
t{~~ same bPCOm~s du~~, crr if enc{i and enery tFie agreements, stipulations, con~Iitions and covenants of said
notc~ nna tFiis mortc~a~~. ~~r eithar, nre not ~ully performEC{. ~ampliec~ wilh anc~ a6ic~ed ~y, tl~en the entire ~
sum mentiori~d in said riote, and this mortgage, or the entire 6alance unpai~I !{~ereon, shali (orthwith or
~FiPrPaf ter, nt the option of thP mortgagee, f~ecome anc~ ~e ~ue and paya~~e, anyt~ing in sai~ nole or ~eretn
to t{~e ~ontrary notu~it~stan~rlinc~. Faijurp ~~y thr mortgagee Eo pxercise any o~ the righfs or options herein
proi~ic{e>r~ s{i~~~ not constit~~fc~ n u~nii+nr o( nn~~ rig~iPs or options ttnc~er saic{ note or this mortgage accrued or j
ther~>nfl~~r ncrniir~g. I
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~ ~IL ~~LI~~~ ~hereo~~ 1~tP 5(1!~ mortgagar hns {ier~unfo SIq/1P(1 Q/tC~ SPA1P~ ~~RSP presents ~~e i ~
- (1(1)' (lll(~ VPAF JIfS~ Q~01~P Il~C(~~Pll. ~ ~
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Signe.l, s~a~e~ an~~ t~c~~it~~rn~ irt t~~ present'~~ o~: i .
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\ , / . • eeder W. Sears (
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i ~ _ _ s.~.,c.~..~.~-t..-`~•--~~~~- -
i ~ ~enevieve R. ~ears ~
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STATE (~F FLORIDA, ~
c~L'`-rt ~F Indian River
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~ I HERF.BY CERTIFY that on this day, before me, an
I officer duly- authorized in the State aforesaid an.d in the County a(oresaid ro tak~ ac~nowled,gmcnis, penonally appeamd ~
Reeder W. Sears and Genevzeve R. Sears, his wife, ~
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~ to me known to br thr person S clescribe~ in and who eaecuted the fore.qoing instrument and r.t1~y acknowledged
I brfor~• mc that they executed the same.
~~'ITtiE5S m}• hand and official scal in the County and Statc last aforesaid this f~~ day of 1
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r.~~ta - June~ n. ~9 ~.J. I -
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~ L~ J~ : FILED AND RECORDED ~o~ary Public, State of Floric~a at Large.
~ ` • ~.~~_:.BDOK ~Y Commission expires: \ .
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65 J!?~ 21 P~! I.
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' , - Lf ~Y ROG~~ r•~( i "rit1S. i.L~RK {
~ _ " ST. I.UCIE COUNTY. `
- ~ - " F~ORIDA ~
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