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nn~~ sl~~~~ p~rform, comply wi11~ and ~bide by each unt~ every the agreements, stipulations, cona~i(lons and
I~ coi~enanls I~~er~oJ, an~ oJ t~~is mo?Ic~age, t~en t~~is mortga4~e and tl~e psfafe l~p.eby c?eatecr, sl~all cease, de-
<< trrnein~ on~1 hp nnll onrl noirl.
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; ~nd 1~~~ mori~~a~~or ~~emhy Jurif~er covenants anc~ agrees fo pay promptly when due the pri~icipal and
i inlernsl ane~ ot{~e? sums o~ money provi~~ecr ~or in saic~ note and this morfgage, or either; to pay a~~ and
j sin~ulnr t/i~ fax~s, assessmenls, ~Pl~IPS, ~ia~~ililies, o~~igafions, anc~ encumbrances o/ PVPIp IIDIUIP 0?I Sa/d pI~O-
~ pe?ty; lo p~rmil. ~•ommil o~ su(~e~ no u~asf~, impa+rme~ef or c~elerioration o~ sa~d lond or the improvements
f IIIPM011 at an~ ~im~; to le~Pp tl~c~ 6uildin~s rwie~ or I~ernajfer on cni~ Iantl ~ully insurecl in a sum oj ~of less
~ ftinn N0116 I
i rr~ a ~omJx~iiy or ~ompanirs QCfPJIIQf~Ie lo Ihe mortgagee, the policy o~ policies to 6e held 6y, and ~ya6le
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~O. SOI~ morfgarye~. Q/I(~ IIl I;IP PUPf1I Gliy ~ifiii Uf iiiUllt~~ urCu~iai3 ~`aZj4~`~L• ~'1!1!!P nf lttlC~ 1lLSlIMI1CB tlle
II mortpag~e s~n~~ ~~ai~e I~~e riflht lo rereive and apply IF~e snme to the inde6ledness l~ere6y secure~, nccounfing
to f{~p morf~ac~or (or any surp~us; lo pay a~~ costs, c~a?ges, and expenses, including ~awye~s ~eea anc~ litjp
~ search~s, reasona~~~y incurrecl or pai~ tiy f~e mo~tga~ee fiecause o` fhe ~ailure o~ Ihe mortgagor fo pt+omptly
an~ ~~~~~y comply iuil~ II~e n,c~re~•menls, sfipujafions, concrifio?u ancl conenants o~ saic~ nofe an~ l~is ~nortgage,
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i; or eill~er: Io p~rjorm, comply inith and abide by eac/~ and every the agreerreents, slipulatFons, conditions and
;i corenarifs set ~orlf~ i?i saic~ nole ancl f~is morlgage o~ eit~er. In ihe evenf f{~e morfgagor ~ails to pny w{~en
due any tax, nssessment, inst~rance prc?mitttn or other stim o~ t?,onpy poya6l~ 6y vi~tue o~ saic~ note nnd !{~is
morfgape, or ~if~ier, flep mort~agee may poy the same, wifhouf waiving or u~(ecfing I~e option to Jorec~ose
(ul rnle tl en allo~aedP6y 11 e la~vs ~o~,the State o~ ~(o~ ~ja ~r inlQre~! (r._.m rlntp thereo( at the I~Ighest law-
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any sum o~ mon~y tierein re/erred to 6e not promptly paid withir~hl]G~ (30) dnys next ajter
thp sar»e beromes duc?, or i~ earh ond every the agreements, stipulations, conditions and covenanfs o~ said
~j nole and fhis morf~ape. or eilher, are Rot jull~ perJormed, cornpiUd with and a6id¢d by, then the e~ti?e
sum `entionecr in s~aid no~e, aric~ t{~~ ~mor~pppe.~r~tj{,q ~~t~ ~~Q{1~q~n1~p~ ~~qqpip~.~~ ~ort~wit~i or
~+Np i~a a a. a a,y
t{~erea ter, at fh~ o tion o the morf a ee~ become anct e ue an~ a~e, an t in [n sa~ nole or herein
i~ to i~p conlrary nota~ithsfancling. Failure 6y ~F~e morfgagee to exercise nny o~ the rights or options herein
provi~e•c~ sf~a~~ noi canstilut~ a ~vairer ut any rig~ils o~ options uncler saic~ note o~ t~tis mortgage accrttetj or
I~~ereaji~r ~ccn~in~.
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; ~n ~etness ~hereof~ t/~~ saic~ morf,yagor has hereunb si~nec( and sealed these presents t6e
I~ clay an~~ year jirsf aE~on~ ~vrifi~n.
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f~ Signed, s~alPd antl ~elit~erecl in ~he pres~nce o
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~ .LU~.fJ%~''~ . -
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F nk Kratzer ,
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' Ciili~LLiA
~i STATE OF ~ ~
~ COL'NTY nF I.~a Anael~s
~ I HEREHY CERTIFY that on this day~ befon me, an
o(ti~er duly authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowledgments, personally appeared
Frarilc Kratzer
' to me known to b~ the penon described in and who executed the for~going instrument and h@ acknowkdged
betorr me that he ~xecuted the same.
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,j WITI\ESS my hand and o(ficial seal in the County and Swte last a(orcsaid this l,~ day of
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t) ~.u,, A. D. 19 C E~ .
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} ' Q. ..`^~Y1~ASt.
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'::~i+T~t:CiA s. VALASSI Notary ic tii~lA S. GALASS(
. 't ~ ~:j~~N.i~TAAY PUBIIC
~,ST~; E OF CAiIFORNIA My Commission $xpires 2
~y7Y OF LOS ANGELES
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FILFD AND RECC?RDED
' ; ST. LUCIE COUN71f. Fl.q,
i~ ~ AFeeH~ v~~rFr~o
~ `~l~:.fPoti~~,L~
~ ~urr ~ P;; 2 : 5s
~ ~ 145~4
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f~i,~iT!'!ic
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' 0 R r`r~" ~;+iCiiti COURT
~ooK 14? _ 392 ~
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