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anc~ sJiajl perJorm, c~omply wi~h and o6ide 6y each and ei~ery the a9reements, stipulations, conditions cnd
c~orenanls lhe~reo% ond oj tf~is mortgage, then this mo?t~af~e and tl~p estate here6y created, shall crase, de-
lermine and 6e null and aoid.
~ Ihe morlga~or hem6y jurther co~enanis and agrees to pay promp~ly when due Ihe principal and
interesf and other sums oJ rnoney prouided for in sai~ note and Ihis mortga~e, or eitf~e~; to pay aI1 and
sinflular the iaxes, assessmenis, levies, liabilities, o6ligalior?s, and encum6nnnces o( every naiure ort said pro-
perly; fo permil, commit or sujjer no wasle, impairment or c~eteriorulion o~ sai~ la?td or fhe impmi~pments ~
therr.on at any time; to kppP thp 6uildin~s now o~ f~erPaj[er on eaid Iand /ully insurc~cl i~i a surn o) nof Ipss ~
~haR (No insurance)
in a company or companies acceptnble 1o fhe mortgagee, f~ee po~ecy or po~icies !o ~ae held 6y, and pnyu6le
to, saicl morlgagee, and in Ihe c+uenf any sum o/ money 6ecomes payable 6y virtue of such insurance 1he
~ morlpagecR sha« ~at~e the rigl~t to ~eceive and apply tl~e same to the inde6tedness here6y secured, accounting
to fhe mortga~or for any surp~us; to pay a~~ costs, charges, anc~ eacpenses, inc~uc~ing ~nwyers Jees anc~ !il~e
searcl~es, reasonably incurrec! or paid 6y tl~e morlga9ee 6ecause o( the /ailure oJ tl~e mort9ago- to prompllr
and Ju~~y comply wiih the ag~eements, slipu~ations, conc~itions anc~ covennnts oJ said note an~ t~is morlgage.
or eitl~er lo perjorm, comply with and abide 6y each and euery the agreements, stipulations, rnnditions and
couenants set (orth in said note nnd tf?is mo~t~age or eitl?er. ln the event the mor~gagor /ai~.t to pQy evhen
due any fax, assessment, insurance premium or ofher sum of money payable by virtue o~ said note an~ this
! mortgage, or eil~er, ff~e mortgagee mny pay the snme, wit~out waiving o~ a)~ecting t{~e option to ~orec~ose
! or any otl~er ri~ht hereunder, and all such payments shall bear interest Jrom ~Iale tl~ereoj nt the highest law-
I ~u~ rate tben allou~ed by rl~p lau?s o~ !he Stale o~ Floritla.
)l any sum oj money hereirt referrecl to be no! pno~reptly ~aicl within 30 t~ays next aJler
~ t1~e snme 6eeomes t1ue, or iJ ench and every fhe agreements, stipulations, eDnditions and couenants of said
I note araI this mortgage, or either, are not jully perJormed, complied witl~ and abided 6y. lhen the entire
~ sum mentioned in said note, and thia mortgage, or the enti~ balance unpaid theneon, shall Jorthwitl~ or
therea/ter, a! the op~ion oJ the morlgagee. 6ecomp and 6e d~ nnd ~~bie, nnything in said note or herein
to the contrary notwithstanding. Failw+e 6y the mortgngee to exer+cise any of the rig~ts or opfioru /~e?ein
provided s6a~~ no! constitute a wniver o( any righls or options unc~er snid note or this mortgage accrt?ed or
.
t{~ereaJt~r accruing.
~n ~itness ~herieof~ the said mortgagor has hpreunlo signetl and sealed tf~ese presents t6e
day nnd year ~irst above. u~ritten.
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t d ia in ll~e ce o(
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Fred Ley
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Eleanor D. Ley
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STATE OF FLORIDA, i
COUh'TY nF St. Lueie 1
I HEREBY CERTIFY t6at on thu day, beforc me~ an
, offiar duly authorized in the Stat~ a[otesaid and in the County atoresaid to tak~ aclcnowledgmeats, penonally appeared
( FRED LEY and ELEANOR D. LEY, his wife,
to me known to b~ the person S described in and who executed the foregoinq instrument and ttl@}/ knowkdged
I beforc me that tfiey~xccutcd t6e same,
~ WITNESS my hand and official seal in thc County and State last aforesaid this I, of
March A. D. 1966. ~
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