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and shnll pe?(orm, comply with and abide by euch nnd e~ery th~ ugnemenl:, stipulaiion:, condi~ions and ;
covenanti thvreo~, und oJ tl~i~ mortgag~. If~en thii mortgngs nnd the esta~e he?~eby crentecl, a{~all ceas~, de- i
ternune and be null and void.
~ the mortgngor f~ere6y Jurtl~er co~~enn~ts and apMes to pay promptly wl~en dw the prindpal nnd
interest nnd othe~ sums o/ money provided f
or in snid nots nnd tkis mo?tgage, o? either; to poy nll and
singulnr !ke tnxes, nsaessment=, lei~ies. lia6iGtiea, obligations, ond encumbrances o( every nature on snid pro-
pertq; to permit, commit or su~jer no u~asfe, i~npairment o? deteria?nlion o~ said Iand or f~e improuernenls
thereon al nny tirr~; to ~eep ttie bui~ings nou~ or ~eren(fer on sa~d la.~d /u~~y insurec~ t~ a sum of not ~ess
fhan nil
in a cornpuny or compnnies nccepta6je to the morfgagee, ihe po~icy or po~icies fo 6e tie~ dy, and ~yobt~
to, said mortgager. ond in the even! uny sum o/ money beeon+es pnyobl~ 6y ~irtue of sucl~ insurance !he
mortgagee shull I~nve 11~c right to receive and apply the same to tl~e indebtedness hereby secured, acrounting
fo li~e mortgugor ~or nny surp~us: to pay a~~ cosls, churges, nnd expertses, irtcluc~ing ~uwyer s Jess and til~e
senrrhes. reasona6ly incurnd or pnid by ~he mortgagee 6ecause o/ the )ailure o( tl~e mortgagor to promptly
and (olly comply wilh t~e ngreemenls, slipu~nfions, conditions anc~ covenants o` saic~ note and this ~norfgage,
or eilher: to per/ornt, eomply u?itti und a6ide 6y each and every tF~e agreements, stipulations, eonditions nnd
oovenants set ~orth in said note and this mortgage or eilhe?. In lhe event tlee r?iorlgagor ~aib to pay wl~en
due any lnx, asseument, insurnnce premium or other surn o~ rrtoney payn6le by uiriue of sni~ nole and fhis
morfgage. or eifher, t~e mwfgagee may pay tF~e same, u~ithout wnit~ing or a~~ecting t~e option to ~orec~ose +
or nny othe~ rigl~t l~ereunder, antl oll such payments sholl bear interest f ront clale thereo~ af tl~e I~igl~est law- }
jul rate then oUou~ed by tl~e Iaws o( Ihe State o/ Florida.
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~ l1 any sum o~ money herein re(erre~ to be not pro:npt~y paid within 30 dnys next n~ter
tke same becomes due, or i( eacl~ and every lke agreemenls, stipu~alions, condifioru nnd conennnts oJ said
note and tl~is mortgage, or eiil~er, are not (ully perjormed, complied with and abided by, then tl~e entire
~um rrtentioned in suid note, and this mortgage, or ll?e entire 6a~ar~ce unpoid the~+eon. :hai[ /orel.,yith or
therea/ter, at the option o( t~e mo?lga9ee. become and be d~ and ~ya6l~, anyll~ing in said note or' 1~erein
~ to the contrarq notu~iftistanding. Failure bq tF~e morfgagee to exercise any o~ the rights or options ~erein
I pro~ided sha~I not constitute a~.vaiver o( any rights or options unc~e? said nole or this mortgnge ncc?uerl or
! thereufter Qccruing.
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i! ~n ~~l the mortgagor f~cu ,..,~,n.~~,~ w1~p~s ~
; (CORPOR;1TE s"~-
; I ~F_AI_? 6e executec~ in its name, and its corpomfe sea~ !0 6e ~ ~Q
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! ;f proper oJJicen t~ereunlo du~y aut~orizecj, the day ana,yMFr ~t•p~'~6titt~lA.
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~ -_---P. M. J. CORPORATION ~r4"~i ut~tliS.tti~~~ -
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~ ;I .<<~A~•. . . ST.IUCtE Ct~l1NTr Fl -
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oll~~ d„!y oWla,~ud M J~e Sar~ a.~d C~
1 HF.Rf=BY CERTIf-1' tlwt on ~1~cs day. br(on /ne. m 7~~~ b~~
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~ ,n.R~,. a.wnotlr avva,.d JACK M. POLTI,OS
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~ uY(1 6~wwo Io me to F~e ~fw R~siJrnt nnd Xi~HEIQ~if/j?so~ 1tie ewpwnlion named a
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rrKrlpago~ in t~u ~wrgoing i.ulrumrnf. a~~}(J~ax v ac4nou~~~~ged riecWU~ ftie samr. in I~e yrestnor q l~uo wblai6irp wilnrsses.
~ret~y ond cv~unlanly uru~.~ uutfwney ~ul~ tYSln~ in ~y wid cwporaiiw~ and ltial I~t sto~ a~(ized ltierelo is t~t Irut corpwele ~eo~ oj
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'i W~I7y1~SS mr ho.Kl a.~d o~?~nd ,~d ~1~ C~ir a.d Sw~ la.~ a(w~.a:d ~lu: 7th dar ol Janudry
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W21ter E. D~vis
THtB INSTRUfdENT PP.EPAR£D BY: ;
~ i; ~I/!~ Lr~un~„~~~,~ p,rpa.~~! b~': ABSTRACT f,c TIT~E CORP. OF FLA
203 2NQ ST. FpRT p.ERCE. FLGRtDA i
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