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and shall p~~(orm, i~omply wi11~ and a6ide 6y ench and ei~ery the ngreements, atlpulalion's, conditions and ~
coi~ereants ~he~cwJ. and oJ lhis mortgnpe, then ihis mortpage a~d tl~p estate hereby crented, sl~all cease, de- '
fprmine an~ ~e null aucl ~~oic~. - +
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~n~ tf~P mortga~or Rer~~tiy ~urlher conenanls and agrees to pay promplly when clue f~e principal and ~
inferes! and olher sums o~ money providecl Jor in satd note anc~ f{~is morfgage, or eifher; to pny a~~ nnd
sinflular Ihe ta.res. assessments, levies, liabiliti~s, o6ligationi, and encum6rancea oJ every natwr on said pro-
perty: fo permil. commif or su((er no u~astP, impairmer~t or c~ete~ioralion o~ suid land o~ t~e improvements
tf~e?rcn at nny tim~: lo ~PPP I~P 6uil~linfls nou~ or herPajt~~ on ~aid land Jully insured in n sum o/ not lesa
Ihun
in a company or companies QCfP~)IA~IP fo fhp mortgapee, 1{~e po~icy or po~icies to 6e I~eld 6y, and paya6le
to, saia morf4~agpe, anc~ in thp evenl any sum oJ money ~ecomes ~ya6l~ 6y virlue o~ suc~ insurance t~e
morlgagPe ShUII II(1t~P the rigl~t fo ~EK'PIVP and apply the same to the inde6fedness 6ere6y secured, accounting
lo fhe mo~fga~or ~or any surplus; to pay a~~ cosls, charges, and expenses, inc~uding ~awyer~s ~ees anc~ fit~e
searcl~es, reasonal~Iy incurrec~ or M,~d 6y thp mortgagee 6ecause of the ~ai~ure oJ fhe morfgugor to prompt~y .
and~jully comply u~ith Ihe agreemerits, stipulnlior?s, conditions and covenants oj said nole and t{~is mort9age. ~
or eit/~er, to per~orm. ~-omply ivill~ and abide by eacti anc~ euery Ihe agreemenfs, sfipu~ulions, concjifions antr
covenanls set jortti in sai~ nofe nnc~ f~is morfgage or eifher. ln !he evenl t{~e mortgagor Jai~s to pay when
tlue any lax, assessment, insurance premium or olher sum of money paya6le by virlue o) saic~ note and this
rnortgage, or eif~er, t{~e morfgagee may pay !~e same, withouf waiving or a(lecting fhe option to ,orec~ose
or any oll~er right I~ereunder, nnd al~ such paymenls s{~all 6ear interest jrom date tl~ereo/ af fF~e 1~ighest ~aw-
f u~ rnte then a~lou~ecl by f{~e ~u~us o( 1he Sfate o( Floridn.
iL any sum of money I~erein re(errecl to be not promptly paid within fifteen days next af ter
the same 6ecomes due, or iJ each nnd et~ery fhe agreempnfs, stipulations, condifions and covenants o/ said
note and this ?nortgage, or either, are not fu~~y per/or?ned, complied wit{~ anc~ abided 6y, tlten f1~e entire
sum mentioned in said nofe, ancl lhis mortgage, or tl~e entir+e bnlance unpaid ther+eon, sl~all jorll?wit1~ or
l~ereafter, a! th~ option oj t~e mortgagee. 6ecome antl be due and paya6le, unylhing in saic~ note or ~erein
to tf~e confrary nofwiltisfanding. Fai~urp 6y ~hp morfgngee to exercise any o~ f/~e rig~is or opfions ~e?ein
provic~ed s~a~~ not conslitute a u~aiver oj any rig~ls or options under saic~ note or t~is mortgage acerued or
I~e~eaJler accruing.
~n ~itness ~h~~`~ the said mortgagor has tiereunto signed ancl sealed these presents t1~e
c~ay and year jirst abone u~ritfen.
Sig , ed and in Il~e presence o(:
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~ STATE OF FLORIDA, ~
~ COUNTY OF $t. Lncie
~ I HEREBY CER?IFY that on this day, before me, an
officer duly authorizcd in the Stat~ aforesaid and in the County atoresaid to tak~ actnowkdgments, personally appeared
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~ Robert g. Ellis and Sandra L. Sllis, hia viie,
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~ to me known to be the penon B dcscribed in and who exccuted the foreqoinq instrument and they atknowkdged '
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~ bcfore me that ~hey exccuted t6e same.
~ WI7'NE3S M~ hand and-offidal seal in t1?e County and State last aforesaid this 1~1th day ot
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{ Hovember. A. D. 19(~~ i
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Tlrts hWninuitl prepanPd by: p~ I,. Carlson
Addr~°sr ATlANTIC RICHFIELD COMPANY
Post Office Box 6063~ g00K1~1
~ Orlando. Fiorida 32803 ~
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