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. anrl shall Ex~r/orm, comply wifh a?id abide by Ewch and et~ery the ngreerreenta, stipulatie~, cond~lions nnd ;
conenants tl~ereo~, nnd o/ this mortgage, then flsis mcxt,qaQe artd t{~n P11A~B here~y rrrot~, yhnll ceo~e. de-
terminA and ~ null ar~~I i~oic~. +
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• ~ the mortga~or heri~hy ~urthe~ CO[~PIlAhl1 areal ag?+~es te pay prompfly when due thv principal and ?
int~rest an~I nt~ier sums o~ mor~ey proi~icl~d ~or ia said notr and tl4is mortgage, or pither; to pay a~l and ~
sin~eelnr thP taxPS, assessments, Ipe~i~s, liabilities, o6ligations, and encumbrances o~ ever~ nature on said pro- '
pprly; !a permit, rommil or su~Jer no waste, impairrrtent or ~Pterioration oj said ~and or t~e improi~emenls
ihPrron at a~iy time; to kPpP rhe buildin~s now or hPrea(t~r on soid land (ully insurecl in a sum o/ not less
than Fit"teen thou~and dollars
in a~~ampu~~y ar camp~riies acreptab~e. to f{?e mortgagee, the po~icy or po~icies to 6e I~eld by, and payable I
to, sai~ ntort,qa,ryn~, nntl in the P1~PR~ any su?n of money becomes pay~6[~ by i~irtue o~ auch inswance tf~e ~
mortgageP sh~~~ {~ai~e t{ie right to ~preie~e anc~ apply t~?e samp to the inclebfedness ~ere~y securec~, accounting
to t~e mortga,c~or jor nriy surp~us; to pay a~~ costs, c~arges, and expenses, inclurling juuayer~i fees antl tetle
searcf~PS, rpnsona~l~ incurre~ or pui~ by fhe mortgagee because oj the failure o~ the mortgctgor tu prompt~y
anrl ,ully compty t~~iffi th~ agrePme?zts, sfipu~ations, conc~itions aRCI coiTenants of saic~ note anr~ i?,is mortgage,
or Qitl?er: ~o per(orm, romp[y u~ith and abide by each and ec~ery tf~e agreements, stipulationQ. condstions ond
cot~ennn/s sPt ~ort~e in saic~ reote ancl t~is mortgage or either. ~n t~te euent the tnortgagor ~ai~s !o pay w~ten ~
dup any tax, assessment, irtsura?ice premium or olher sum of money paya6le 6y virtue of said nole nnd this
mortgage, or eifher, the mortgagee may pay the same, without waiving o~ ajfecting t{?e option to (orec~ose i
or ony ot{~er rig~t herntuuler, anrl all sucl~ payments s{~all bear interest Jrom dote thereof at the highest Iaw-
f uI rate t~~en allou+ed by tEi~ Inii~s of t{ie State af Flori~n.
ari_y sum of money hPreirt ref errec~ to ~e nnt prompt~y pair~ within ~ c~ays next a~ter
th~ cnme bi~c~mc~s ~{ue, or if eac{? Ql1~ PVPf,y tllp agreements, stipulations, conditions ancl covenants of saicl
note nnd t{~is mortgagc~, or eith~r, are not )ully performed, compliec~ with and ubided by, ihen the entire ~
sum menttoned in said rzote, and t{~is morlqage, or t1~e entire balance unpaid ti~ereon, sha~l forthwitl~ or ~
fhereafter, nt ff~e option OJ Fl1R mortgagee, 6ecome and ~e due and pnyable, anyf~ing in said note or herein
to t~~ c~ontrnry notu~it~stan~ing. Failurp 6y ~i~p morf~agee to exercise nny o~ the ri,qhts or options herein i
pro~~ir~c~r~ ~h~lC not consfitute a u~ainpr o~ any rig~its o~ options unc~~r saic~ note or !{~is mortgage accruec~ or ~
tEi~r~njt~r accruinc~.
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~n ~itness ~hereof j ;
~ t{ie snid mortgaqor {~as Iiereunto sigrtec~ anrl sealed these presents t{te (
[~nV nn~~ pe~nr first nf~orc~ u~ritterl. ` `
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Si,qn d. s~~Iec{ und ~leli~~ered in t{~e preserrce o(:
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STATE OF FLORIDA, ~ '
coU\7'Y t~F ST. LUCIE ~ ~
I HEREBY CERTIF~' that e,~ this day, before me, an I ~
officer dul}• authorized in thc 5tate aforesaid and in the County a(orrsaid to take acknowledqmencs, personally appeared ~ i
B. F. I~'EY and FR.AAiCFS R. IVEY, his xife, ~ i
I to rric• k~ow•n to hr the person 'J described in and who eaecuted the forr,~oia.q instrument and ~0 aeknowledged '
~ before me that ttl~ cxecuted the same. ;
~ WI"I'1~ES5 my hand and olficial seal in the Coimty and State last aforesaid this z~~~ day of ~
~ A~~ • D. 19 65. ~
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~ILEQ ~ND RECE~ I
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' 'y ~Q~;w't~ QUI`1TY J
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