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I a~d shall perJorm, comply with and abide by each and ei~ery the agreements, stipulattons, rn~dtlions and
conenants fl~ereo~, and o` t1~is mortgage. lhen fhis mortgage and Ihe estate hereby crented, ahall cease, de-
lermine and be null and coid.
~nd t1~e mortgaflor {~ewby jurther covennnts nnd agrees to pny promplly whe~ due llte p?incipal and
interesf anc~ oftier sums o( money prouic~ecr for in said note nnd I~is mortgage, or either; to pay a~~ anc~
singular the lazes, assessmenis, levies, Ita6ilities, o6ligations, and encum6mnces of every nalure on said pro-
perty: fo permil, commil or su~~er no wasfe, impairmenf cjeteriomtion of saic~ ~und o~ the improvemenis
fhereon at any time: to keep the 6uildings nou? or herrajler on said land ~ully insured in a sum o/ not less
e1~a~Twenty-five Thousand Dollars - - - - - - - - - - - - - - - ' '
in a company or companies accepta6le to the morfgagee, tf~e policy or policies 10 6e held by, and paya6le
~ fo, saic~ morfgagee, an~ in f~e event any sum o~ money ~?comes ~ya61~ 6y virtue o~ suck insurance fhe
mo~lgagee shall have f~~e riflht fo receive and apply the same to t6e inde6tednesa 6ere6y secured, accounfing
to Ihe mortga~or for any surplus: to pay a~~ costs, c~a?ges, anc~ expenses, tnc~uding ~awyers Jees and lti~e
searches, reasona6~y incurred or paid 6y fhe mortgagee becnuse o( the ~ailure oj the mo?tgagor to promptly
( nnd ~u~~y comp~y witti fhe agreements, sfipu~ations, conc~itions ancr covenanfs o( said note and fF~is mortgage.
' or either: fo pe~~orm, comply wit?~ and a6ide by each and every !he agreements. stipu~ntions, conc~ifions ancj
' covennnts set jorlh in said note n~d this morfgage or either. In the event !he mortgagor ~aila to pay when
~ due any tax, assessment, insurance premium or other aum o) money paya6le 6y virtue o~ satd note nnd tf~is
mortgage, or either, the morfgagee may pay Ihe same, wethout waiving or affecting ttie option to /oreclose
~ or any oil~er right ?~preunder, and alI such payments shall bear interest ~rom date Ihereoj at the higl~est law-
I fu[ mte then allowecl 6y the lau~s o/ fhe State o( Florida.
i 7L any sum of money herein re(erred to 6e not promptly paid within 1~ c~aya nexf nfter
the same 6ec-omes due, or ij eacF~ and euery tF~e agreements. slipulafions, conditions and covenanls of said
iy note and lhis mortpa~p, or eilher, nre not f ully per~ormed, complied with nnd a6id~d 6y, then the entire
I~ sum mentioned in said note, nnd this mortgage, or the enti?+e balnnce u?~paid the~on, shal~ ~ort6wifh or
t6erea(fer, at 16e option oJ tl~e mortgagee. 6ecome and be due and pnyn6le, anything in said note or herein
fo the confrary nofwifhsfanc~ing. Failure by the mortgagee to exercue any oj t~e rig~ts o~ opNons /~erein
provi~ed sha~~ no! consfifufp a wai~~e~ oJ any rig{~fs or options uncler saic~ nofe or t~is mortgage accrued or
~ thereaJfer accruing.
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~I` ~n ~~~IL~ ~~~1~ ihe saic~ mortgngor has I~ereunto si~necl and seulec~ tl~ese presents tl~e
ji t~ay ancr year (irst aboi~e «~rilfen.
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Il Jl9RP~. SPQ~~ ared deli~~ered IR ~~Ip PIPSPIICP O~:
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1= Vada King '
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STATE OF FLORIDA, ~
Got•:~Tr ~F ST. LUCIE
I HEREBY CERTIFY that on this day, befon me, an
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otficer duly authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowled,qments, penonally appeared i
~.~RL KING and VAUA KING, husband and wife ~
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_ v".••~`•~••~p ~~(e'known to bc the prnon deuribcd in and who executed the forcgoinq instrument and they actnowkdRed f
~ ` ~ befotc +~,c%tthat they~xccuted the same. ~
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:i Y sW1~i~ESS my hand and offieial seal in thi• County and State last aforesaid this 2nd day of
.v : ~ 'a ~ ~'g~11~1~ A. D. 19 C 8 ~
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FILED AND RECOROED . ~
ST. LUCIE COUNTY. FLA. ' ~ ~ - ,
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R:.CO~D VERIFi: D ~ . • : . i, '
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'68 FE6 2 PN 3:53 ~
16405'7 i ~
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~~o:;:.~ ~-o~T~µs t
CLERK CIRCUiT COURT ~
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