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and sleall perf
orm, comply u~ilh ancl a6ide by each and every the agreeme~ts, alipulaftons, conditions and
conenants therew~, and oj lhis mortgage, IF~en this mortgage and the estate he.~6y createtl, s1~n11 cease, de-
le~mine and 6e nidl and void.
T1n~ Ihe mo~lga~or her~6y (urthe~ couenanis ancl agrees to pay prompfly when clue !he principal and
interest ane~ olher sums o~ money prouic~ecj Jor in saicj note and f~is mortgage, o~ eifhe~; fo pay a~l and
singi~la~ the la.res, assessments, Ievies, lia6i[ities, obligaltoris, and encumbrancea o~ every nature on aaid pro-
per4y; to pe?mif. commit or suf(e~ no waste, impnirment o~ c~eleriomfion o~ saic~ janc~ or the er~provemenls
tf~ernon at any Iime: to keep tl~e buildings now or herpa~ter on ea~d [and /u!!y insured in a sum o/ not less
~~aR $5, 000.00 fire atxl extended coverage
in a company or c~ompanies acceptable to tl~e morlgagee, t{~e policy o~ policies to 6e held by, and payable
to, sai~ mortgagee, anc~ in flee event any sum o~ money 6ecomes payable 6y virtue of such insurance ttie
n~orlQagee sl~all haue Ihe right to receive and apply the same to the indebtedness hereby secured, accounting
I fo fhe mo~fgagor Jor any surplus: to pay a~~ cosls, cha?ges, and expenses, inc~ucling ~awyer s lees nncj tif~e
searcl~es, reasona6ly incurred or paid 6y the mortgagee 6ecnuse oj tF~e (ailure oj the morlgagor to promptly
~ and ~ully comply with Ihe agreements, stipulalions, conditions and covenants o( said note and thts mortgage. ~
j or either; fo perjorm, comp~y with and a6ide 6y each and every the agreemen(s, stipujattons, conditions oRd '
' couenn~ts set jorth in said note and this mortgage or either. ln the event tl~e mortgagor /ails to pay wl~en ~
` due any lax, assessmenf, insurance premium or other sum oj money payable ~y virlue o/ said note and t6is i
~ mortgage, or either, t'~e mortgagee mny pay ehe sarree, withou! waiving o~ o~~ecling t~e option to ~orec~ose ~
~ or any other righf hereuncler, and QII such paymenls shall 6ear interest (rom dafe tF~ereof at the F~ighest ~nw- '
~I ~trl rate tF~en alloeued 6y 11ie laws of the Siate o) Florida. ~
f `
I ariy sum of money /~erein re%rred !0 6e no! promptly paid wi~hin ~-10~ c~ays next aJter °
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li 16e same becomes due, or ij each and ec~ery the agreemenfs. slipulalions, condilions and couenants o/ said '
~j note and tl~is trsortgafle, or eitleer, are not /ully perjormed, complied wit~ and a6~ded 6y, then the enfire
( sum mentioned in said note, and tF~is mortgage, or the entire balance unpaid thereon, shall /ori6witk or ~
tl~ereajter, at Il~e option o/ t{~e mortgagee, become and be due and pnynble, anything in said note or 6erein ;
' to t~e contrary nofwi!{~sfancling. Fai~ure 6y t{~e mortgagee to exercise any oj fhe rig~ts or options ~erein '
~ provi~c~ stia~~ nof consfitute a wair~r of any rig{~fs or options unt~er saic~ note or t~iis morfgage accruecj or ;
!i i{~Freajter accrtting.
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~n .~itness ~hereof fhe saic~ mort_ a or p
~ q g has 6preunto signec~ and sealed il~ese resen[s the
iI cray anc~ year f irst a~ove ivritten.
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Signed, s Ipd and delii~ernd in the presence o/:
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`fI ST4'TE nF FLORIDA,
~1 COLTNTY nF ST. LUCIE ~
I HERE$Y CERTIFY that on this day~ before me. an
E officer dul authorized in the Stat~ aforesaid and in the Count aforesaid to tak~ acknowled
i~ y gmenu, personally appeared
Victor E. Demorest and Ruth K. Demorest, his wife
to me known to be the prnon S deuribed in and who eaecuted the [orcgoing instrument and they actnowledged
' beforc me that th@y ~xccuted the same.
~t'ITNESS my haod and offecial seal in thc County and Statc last aforesaid this ~~.f~'• day of
ij
~j December A. n. 19 67.
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Nota Public, State of Florida at
FILED AND RECORDED Large: My commission expires:
sT. LUCIE COUNTY. FLA.
RF.CORD V~RIFlEO ~
163`7'?'2
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'68 JAN 23 PM 2: 36.
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~ CLERK CIRCUI7 COURT 1 = ~ ~ = ~ = _
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800K170 PAGE ~02 ':r,.~. .
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