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i ancr sha~~ p~?Ja?m. c-omply ioilh an~ a'~i~~~ 1?y ~oc1? ant~ ~~~~ry Ihe apr~emi~nts. slipu~alic~ns. c•on~lilions an~~ e~o~~enants thP?eo~, and o( this mortgiig~, th~n Ihis morfflage and Ih~ es1~t~ I~Fr~hy ~malt~d, shol! c~~cur, d~ fP?mine nna he nu~~ an~ i~oi~. , ~ T11~lL the m~xtpagor hereby Jurlhe~ coi~enants and ugrees fo pay prompt~y u~tipn ~ue fhe principal an~ inferesf ancr ofher sunu o~ money provtaecl (or in saic~ nole ond Itiis moHgaAe, or eilher, fo pay a« anc~ ' sinpular the taxps, assesamenfs, ~P1~1PS, lin6ilities, o611golions, and encum6ranc~s o/ ei~~ry nah~re on aai~I pro- ' pertV: to permit, commit or suj~e~ no waste, impairmenf o~ c~eleriowtion o~ sai~ ~~n~ or fhe improvemenfs I I~Pf+POR .AI QflV ~IMP; ~O RPPP ~hP Plll~~l11g3 ?IOU? O~ RC~?@Qf tPf 011 3a1~ ~QII~ ~ll~~y 1/13U~p~ Ifl A~tlT O' I10~ ~PSS ~1IQIl Itl a COf/t/Mtly J~ l'OMp(ItllPS aCfPpta~1~ ~O the mortgageP, ~hP nO~lCy O~ nO~IfIPS ~O ~P h~ld by, ~ncl payable (O, SUI~ ~torlpapee, and 1/1 Ihe evPnl any SUffl O~ money hPl'Ot?1PS ~yUE?~P ~)y VI~~UF A~ SUfR insu~ance ~~P MOI'IAQ~PF s?~all ha~~F IRP ~I~~~ ~O ~P('PII~R Qfl~ apply fl~e same IO I~P i/1dP~IP~ness h~reby SPf11~~, ac'cotinling to the morfgagor Jor any surpliu; fo pay a~~ e~osts, c~arges, anc~ ~xp~nsFS, inc~u~inp ~atuyPr~s ~P~s anc~ lii~e seMrcties, rensonati~y incurrec~ or paid by ~h~ mortr~agee ti~•ause o( fhe ~ai~iaP oj Ihe morlflngor fo prompf~y ane~ (ul~y comply u~ilti the ag~eemenls, stipu~afions, conc~itions ari~ covenanfs o~ saic~ nofe an~ fhis mortgage, or eilher; to perJorm, comply u~i!{~ ane~ abide 6y pach ancr enery t{~e agreements, stipu~ations, concrifiona an~ covenanls sef ~orlh in saic~ note nnc~ ttiis morfgage or eiltier. ~n Irtp FI'P?lI I~P morfgagor Jai~s to pay u~~en ~ c~ue any tax, nssessmenf, insur+nnce premium or of{~er sum o~ money paya~>~e hy virh~e o~ sai~ nofe anc~ ttiis , mortgaqp, w eiitier, ihe morfgngee may pay the same, uriltiout u~aiving or ajjecfing Ihe option to ~orec~ose or anv othpr rigl~! hereunder, and all such payments shall 6pnr inte.est (rom ~ate thereo/ at the hig{~est law- ; ~II~ ro~P ~~PR ~~~OU~~ ~y ~~P ~AWS Oj ~~P SjAIP O~ I'~QrI~[I. ' t~rt ~ ~ any sum o~ money herein re%rre~ lo be not pro:nplly paicl wifhin Y days next ajter ~ t~e snme becomes due, or i( each and e~~ery !he agreemenis, atipulations, condilions and covennnts of said note anc~ tl~is mortgage, or either, arp not Ju~~y perJormed, complic~d with and a6~ded 6y, t{~en Ihe entire sum mentioned in sAid note, and fhis morfgage, or tl~e entire 6alance unpai~ therron, sha~l (ortluuitl~ or tl~Pren(ter, at Ihe option oJ the mortga~~e, become nnd 6e due nnd paya6le, anything in saicl note or herein to Ihe contrnrq notu~if~stanc~ing. Fai~ure 6y ~he mwtgagee fo exercise any oj f{~e rights or options herein provided s~a~~ not consfitute n u~aiver o! any rig~t~ or opfions uncrer snic~ nole or itiis ~rtgage accrt?ec~ or - the?ea~ter accru~ng. ~ F lE0 AN~ Rf~ORQ€~ i~. WCIE COU TY f~ ROCER POITIlAS c ~ ~ • r... - • • • • ~ CIERK CIRCUIT COnItT ~ ~ ' " RECORD YERIFIEO~ `1 ~ 1. • ~ ~,r ~!;t;~'~~~~~r ~.s•~;j,F ~ • ~ ' Ocr 30 ! 24 PM'70 . ` : `0~?40 1'~ . ~ . , ~ ~ 2(.~038i ; t~ ~ , . ; . I t 't~ f ;~G 1i~ ~~~'ORATE ~n ~~O• the mo?igagor hns caused lhese presents lo - 9~ y ~ ~~'EA[_) be executec~ in ifs name, anc1 its corporate seal !o be hereunto a)~ixecl, by its ~ ~iet ~i pt~ t~ proper o(f icers thereunto cluly a~dltorized, the day anc~ year ~irst a6oue writ~en. ~ ; ~ . . ~ ' t~ORTH BEACH DEVELOPMENT C0. i ' I ; ~ ATTEST------- -~~---------~~ery ~ E . i~ ` Signed, sealed and delirered in Ilie prPSence of : ' € ~ il ~ ti ~v-~~- ~ ~ ~ ~ ~ ~ .................P - - ~ rc ' nt J I ~ - - , - ~ --~~f - - ~ ~ - . ~ ~ ~ ~ ~s~-~._ ~ ` ~ D. B. tT1~AID ~ Agelit ~ ~ - s ~ p~ FLORIDA ~ ~ p~ ST. LUCIE ~ ~ ~ ~ 1 HERFBY CERTIFY ~Iw~ an elei, da~. 6~Jo.e mr. an o~(ien dulr wdMrired in tl~e State ord Connt~ o(wesnid to ra4~r «b~wulydp- ~i a•~.bu, ~a,.a President and Agent of ~ ~j DAVID B. PUTNAM a/k/a D. B. t~]g(p/tiorth Beech Davelopment Co. ~i u~rl! 6w~un w me ~0 6r ti~e Pnrsd~n~ m~i ~@I1C ns~xct~orl~ o~ t6e corpora~~on rwr.~ as 1~ mortgopw in I~e ~orrpoing irutrumenl. ar~ Itial l~y a~[~ero~~y oc~r~~grd ~iecufing Itie same, in t~ M?sennr o~ luw wbu-~iding utilnrssr~. z ~i I~ ~mlr ond ~ol~wril~ ~..d.. aw)w.~ey d~dr nst~d i~ ~Mm 6y so~d ~apwo~io~ ond dwt d~e ~eal aJ(i.ued t6e~r~o is ~I~e t?ue corpwda xol o( r, s I~` ~ w ~ss ?,~,.a a„a ~l~ c~,.<<Y o„a s~~. ~ ~~.ma 22nd ,~y o~ October ~ a. n :o~'' ~ I! T ~ ~ . ~ ~ . h~s ~nstrur.-,ent prep~eel ~ tc~, - - - - - - ~ ~ ~ bv : 0T TO - - _ _ - µ " ~cp,~LD S. JAt,~ES g~,... , NO A PUBLIC~ State of Florida w ; . ~ ? at Large. ~i . i; Attorney at Law ; . • • . ~ : p ' : Street - o . v ~ - ~ ~ - My commission expires: 7-22-72 2p6 South 2nd • ~ ~ ~ • _ . ~ : • ~ - Fort P~erce, florida ; o~ a,. : ~ i) : Z~~`l~ ,.•'.Q; N-;a:~ P,:~ ;c, S!~te of F:c,:~aa at Large ~ .,C ~S ~Q,.•~ :.i~ l:,T.; ;~;:,~n Ear:.::i i~i/ 22, 1411 ~ i.~~~ A~,~~` ~.r.C~~ Ii A~~:._~n f~~l ~.:.~~a~ Co. ~ I; aa~r1~7 PacE~937 . , , s ; t~ ~ ~ . ~ .,t~,,.,~~ - ~ ' ~ _ . . _ _ , _._,r f-- . . _ _ . _ _