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and shall perjorm, romply u~ith and a6ide by eech and a~~ery the agreements, stipulntioni, conditions and - '
co~~enanls the~~~o~, and o~ this mort~a~e, then this mortpa~te a~d ~hp estate hp~eby t-reated, shall cease, de-
tprmine ancl 6e nu~~ ar~~ ~~oid. -
~n~ Ihe murlga{~o~ her~•tiy ~urther covenanfs anc~ ngrees to pny prompf~y when c~ue fhe principal and
inferesl anc~ olher sums of mone~y providecl ~or tn saic~ nole and thts morfguge, or either; lo pay a~~ and ~
singu~ar the fa.res, assessmenls, ~evies, ~iabi~ifies, o~~igafions, and encumbr+ances o~ every nalure on said pro-
perfy; lo permif, commif or suf(er no u~asle, impairment o~ c~eferio~lion of saicr ~anc~ or lhe improvements
tl~erecn al any timp: to k.~pP ~hp 6uildin~s nou~ or hernaJl~~ an ~aid l~nd /ully ins~ue~ tn a sum o( not less
than highest insurable value
in a company or ~-ompanies acc~plahle to the morfga~~~e. Ihe policy o~ policies to be held by, and payable
!o, said mort~agpe, and in Ihe event any sum oJ mon~y 6PCOmes payable 6y virfue o( sucl~ insurnnce !he f
mo~tgagPp shall I~ai~e tf~e riflht to ~M'PIL~P and apply t/~e snme to !he inde6tedness here6y secured, accounting ;
!o ftie morfgagor Jor any surp~us; fo pay a~~ cosls, ChOIpPS, and expenses, inc~uding ~awye~~s ~ees and tif~e `
SP~I~CIIPS, fPU50li(16Iy incu~rec~ or paid by the mo~fgagee tiecause oj I~e fai~ure o~ the morfgagor fo prompf~y i
ane~ ju~~y comp~y u~ifh I~e agreemenls, stipu~afions, c-oncritions anc~ rn~~enanfs o~ saicr nole anc~ ff~Is morfgage.
or eiitier: to perjorm, comp~v u~ith and abide by each anc~ enery fhp agreemenfs, slipu~alions, conditioris ane~
covenants set Jort~ in said note and fhis mortgage or ei~her. ln tl~e event Ihe mortgagor ~ail~ io pay when
c~ue any tax, assessment, insurance premium or otl~er sum o( money pnya6le 6y virfue of saic~ nole and fhis
morfgnge, or either, f~e mortgagPe may pay /he same, u~iftiouf u~aiuing or af~ecting ihe opfion fo lorec~ose
or any othe? right I~ereune~e?, and a~l sucl~ paymenls shall bear internst ~rom c~ate f{~ereoJ at the {~ighest ~aw-
(ul rate thc~n a~~ou~ecl by thp ~au~s o~ thr Stafp o) F~orida.
, any sum o~ money herein re(errecl lo be nol prompfly pnid within 30 days next a~fer
!he SQMB ~ec-omPS cJue; or iJ ench ~II~ PI~Pry I~P A9~P@It1Pi1~5, slipttlafions, conc~iftons anrl coveriarils oJ saic~
nole and tbis mortgagp, or eilher, are not jully per~ormed, comp~iec~ wit1~ ancr a6~d~ 6y, tl~pn tl~e entire
~ sum mentione~ in snid note, anc~ Ihis mortgnge, or tf~e e~tire 6a~ance unpatd thereon, shn~~ foHl~with or
thereajter, at the opfion oJ the mortqaflee, 6ecome and 6p due and payable, anything in said note or herein
to fhe conlrary notu~i!{~sfan~ing. f'ai~ure by tl~e mortgagpe fo exercise any of the rig~f~ o~ options ~erein
proi~iclec~ sha~~ not consfitute a u~aii~nr o~ any rig{~fs o~ options under sai~ notp or ftiis morfgage accrued or
!{~ereaJl~r accruing.
~Q ~~Ul~ ~~01~ Il~p soid mortgagor I~~s hereunlo SiQRP(~ and sealed these presenls ihp
aay ana year ~irsf ahot~e IPf1IIPR.
~
Sl9?IP~, SPaIP~ Qtl~ ~P~II~PfP(I 111 ~~P ~~PSPflfp Oj: ~
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~ ~dC`ltJ~~~~. . ~?'L
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i~ , Vernon B. Simpson
-~'-l A- - - - i - -fi~•~~~ . ~ .
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: STATE OF FLORIDA, t
~ COU\TY OF ST. LtICIE `
F I HEREBY CERTIFY that on this day, be(ore me. an t
~ .
~ o[fic~r duly authorized in the Stat~ a(oreuid and in the Counh• aforesaid to tak~ acknovr•kdRments, prrsonally appearcd t
~ ~TERNON B. SIMPSON
~ to me known to b~ the person described in and who ~a~cutcd the (or~qoinq instrument and ~ acknowkdRed
~ beforc me that he e:ccutcd the same.
~ N'i1 VESS my~ hand and official seal in th~- County and State last a(or~sai~j this -~1 day of
~ ~ ~
February D. 19 71.
a
~ 2(; ~128
~ fItEG AN^ RfCOROlO ~
ST. IUCiC GOUhTY l~I.A,.._ . ...l.~-Ci7ri
~ - - .
~ . ,'t' ~ , 110Gin ~OITRAi
' '~C CLERK G~~CUiT COUR.....T.~J~
ti.' , tl•~ ;~v~i s / f Ifp~19 Pi?bTiC. State ol ~ido at lirQe
~
RE.CORD vi Kt. +ED 1
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; IJIy C~mm:ssion Expnes Sept. 1~ 1973
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• 1%;s I,uir?~~,rr~,i pr~-por~~l hy:
~ Walter E. Davis
~~s ~ REPARED BY: ~ R ~/~O
ST~~~ TITL~ CORP. OF FLA. BUaK i~
' 2{ fr, 2NY 6T FORt P:fRCE. FLOR~OA
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