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~ and shall perJorm, cumply u~ith and a6ide 6y Pncl~ and eoe?y tl~e agreements, stipulations, conditions and
co~~enants thereoJ, and oJ Ihis mort~a~e. Ihpn tl~is mwtgage and t{~e estate F~ereby created, ahall cpase, de-
termine ancl 6e nu~l and i~oir~.
~ f~p mortga~or {~erof~y ~urther covenanfs anc~ agrees to pay prompf~y when due 11?e principal and
~
I interest anc~ ofher sums o( money provic~ecl ~or in said nole anc~ fhis morfgage. o~ either: !o pay a~~ and
singulnr the taxPS. assessmenls, IPVlPS, lia6ilities, o6ligntions, und encum6rances of every nature on said pro-
perty: fo permit, commit or suJJer no waste, impairment or deterioration o( snid ~and or fke improvements
iher+eon at any timp; to ~PPP I~P buildings nou~ or I~erpaJtPr on said land ~ully insured in a sum o/ not less
~ha~ Thirty-five Hundred Dollars ($3,500.00).
! in a compnny or companies aCCPP~aQO~F fo the morfgagee, fhe policy or policies fo be held by, and payaDte
i to, said morlgaqee, and in the event any sum oJ money becomea ~ya6l~ by airfue o/ such inswance the
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I~ morfgagee SI~aIi ha~~e the rig~t b recei~~e anc~ apply the same io f~ie indebleuness f~errZy se~.•ur~, ua:a.rour.t3rt~ I
fo ttia morfgac~or ~or anp surplus: to pay a~l cosfs, c~arpes, ancj expenses, including ~awyer s lees nrttj tii~e ~
j` searches. ~easonably incurre~ or paid 6y t{~e morfgagee 6ecnuse o~ t/~e fni~ure o~ the mortgagor fo prompt~y
~ anc~ ju~~y comp~y wii~ ttie agreements, stipu~alions, conditions and conenants o~ said note an~ fhis mortgage.
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or eifher, fo per,orm, comp~y wit~ anc~ abide 6y each anc~ euery f{~e agreements, stipu~utions, condifions and ;
covenants set ~orfh in said nofe nnd this mortgage or eit~er. ~n !tie e~ent the mortgagor ~ai~s to pay w~en ~
i tlue any fax, assessment, insurance premium or ot~er sum o~ ?no~ey ~xiya6le 6y virtue of said note and ttiis ~
~ mortgag¢, or either, the mortgagpe may pay t~e same, wifhout waiuing or af~ecting t~e option to (oreclose i
~ or any ot~er rict~+t-Iieret~der, and all such payments shall 6ear interest /rom date thereo/ at the I~ighest law- !
( (u~ rate then a~~ou:~ 6y thp ~au~s oj 7Rp-Statp o{ Floric~a.
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'i any sum uj money E~t~rein re(errec~ to ~,e not prompt~y pnic~ witf~in ~0 dnys neart nftet
the same 6ecomes due, or i( eacl~ anc~ every Ihe agreements, stipu~ations, conc~itions and covenants o~ said
note and this mortgac~e, or pit{~er, are not ~ully perJormed, eomplied with and a6ided 6y, tf~en the entire
sum rrtentioned in said notP, and this mortgage, or tl~e entire balance unpaic~ thereon, shal! (orlhwitl? or
ii t/~ereaf ter, ut the option o~ the mortga,qee. 6ecome and be due and pnya6le, anything in suid note or 1?erein `
fo lf~p contrary notu~ithsfanc~ing. Fai~urp hy t~e mortgagee to exercise nny of the rights or options ~eerein
pronic~ec~ sha~~ not concfifutp a u~aiver o~ any righfs or options uncler snic~ note or t~is morfgage nccrued or
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l~ierea~ler accruing. i
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~n ~lUl`JS ~II~~OI~ thP saic~ mortqagor hns ~eretinto signec~ anc~ sea~e~ these presents t~e j
; ~lay an~ r~~ar Jirsf atiov~ ~vritfpn. , ~
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i j} igne~, s~a~ec~ nn~ ~ ~erec~ in he presence oj: ` ~ J
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= S7:4TE OF FLORIDA, ~ ~
~ C(ll'~7'Y OF ST. LUCIE ~ ;
~ I HEREBY CERTIFY that on this day, bef ine, an ~
~ ~~ffir~r duh• authorized in the Statr aforesaid and in the County aforesaid to tak~ acknowledqments, p~rsonally ap ared ~
~ !
~ JOHN E. DOUGLAS, JR. and MARY L. DOUGLAS, his wife, ~
~ to m~~ known to be~ thr p~•rson S describrd in and who tx~cut~d the [or~QOinq instrum~nt and they ~~knowkdqed 3
~ befor~• ?ne that they cx~cuted the sam~. `
~~'I~T~ESS my hand and official ual in thc County and Stat~- last afor~said this 9 a~y o[ ~ ~
December n. ~s71.
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