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and shall perJor~n, comply wilh and obide by pach and ei~ery tl~e agreementa, atipulalioni, conditions and
coi~enanfs Iherrof, and oj this mo~tgnge, ~hpn this mor~ga9e and the eatate here6y c~oted, shall cewe, d~-
termine and be null and void. • .
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Iin~ fhp mortga~or herr6y /u?t~er covennnts artcl aArees to pny prompl~y u~hen due the princtpal nnd
inferesf anc~ othe? sums of money prot~iilecl ~o~ in sai~ nofe and l~is morlgnge, or eiftie~: to pay nli and
sinpular the taxes, nssessments, levies, lia6ililies, obligations, and encum6rnnres o/ euery nalure on said pro-
pe?ly; to pe?mif, commil or su~(er no u~asfe, impuirme~t or defe~iorafion o~ aaid land o? t~e improvements
tf~ereon at any ~ime: to ~PPP ~~P 6uildinfls now or Rerea~ter on said jand /ully insured in a sum oj not less
than Twenty-five-thousand Dotlars ($25.000.00)
in a company or com{wnies acceplable to t~e mo~tgagee, fhe po~icy or policies to bp heW 6y, an[~ payn6~e
(o, saicr mo?tgagee, un~ in f~e er~ent nny sum oj money becomes poyobt~ 6y v~rlue of sucti insw~ance the
I110?~9Q~PP shal! ha~~e llee riglet to receive and apply the same to the i~de6tedness here6y secured, acrnunting ~
to t{~p mo~lgagor ~or any surp~w; to pay a~~ cosls, c~nrges, anc~ expenses, inc~uding ~awyer s(ees and fil~e s
SPOM~PS, ~PQ30/IQ6Iy incurre~ o~ ~~d 6y ~hp mortgagee 6ecause ol f~e `ailure of the mortgagor fo pron~ptlr ~
anc~ Ju~~y comp~y u~ith the agreements, sfipu~afions, eonditions nnd covenants oJ aaid note nnc~ f~is mortgage. ~
or eilher; fo per/orm, comply witl~ and abide 6y eac6 nnd every fhe ngreements, stipulaltans, conditions and '
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coi~enanfs sef ~orlh in snid note nnc~ ttiis mortgage o~ eifher. /n the event l~e mortgagor ~ails lo pay w~ien
due any tax, nssessmenf. insurance premium or other sum o/ money payable by virtue o/ said note and fhis
mortgage, or eiff~e~, t~e mortgagee may pay t~e same, u~ithouf waiving or alfecfing fhe option to ~oreclose
or any otl~er righf hereunder, anc[ a« sucl~ payments s/~all bear intprest Jrom date tleereo( o~ ~hP h~ghese bu~- ~
(ul r4te tf~en allou~ed by the ~au~s oj t{~e Stale o~ Floritla. I
D[ any sum o~ money ~erein rejerred to be not promptly paid within seven t~ays next aJter
tl~e same becomes due, or i( eac/~ an~ every (I~p agreements, sfipulations, condition: arec~ rnvenanfs o~ said
note and tRis mortgage, or either, are not ~ully perfornted, ccmplied wilh and ab~dpd 6y, t1~en the entire
sum menfioned in aaid note, ared t1~is mortgage, or !he enlire 6alance unpaid thereon, s{?nll jorlhwith or
thereaJter, ut the optio~ of t{~e morlgogee, 6ecome a.?d 6e du~ aRd ~ya6[~, nnything in said note or /~erein
lo !{~e conlrary nolu?ithatanding. Failurp 6y tl~e mortgagee to exerrise any of ftie rig~fs or optio~u herein
proni~ea s{~a(( not constif~de n u+niver o( any rig~ts or oplions un~Ier snic~ notp or ttiis morfgage accruec~ or
_ thrrpafter nccruing.
~n ~itness ~hereof~ the said mortgagor I~as hereunto signed and sealed these presenls tl~e
~~ay anc~ yP~r ~irsf ahone u~riflen. I
~ ~igne~. sea~ecl ancl c~e~irer in fhe p nce oj: ~
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` STATE OF FLORIDA, ) ; -
j COL'~iTY nF S t. LiIC 1 E' ~
I HEREBY CERTIFY that on this day~ be(ore me, an
officer dulp authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowledgm~nu, p~nonally apptared
nradford Davis ' ' r~-•.
to me known to be the person described in and uho ex~cut~d th~ for~qoinq instrument and rlE,' acknowiedqed
bcfore~ me that ~lE.' c«cuted the same. ~ ;
~~'I7~\ESS my hand and official sear in thc Count~• and Stat~~ last afor~said this Q~ day of
Jime A. D. 19 72. .
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' 7%i:s L~;~niii~r~a~ f~n f~,~r«I b~:
P. A. Sines i ~
j.1~/,/r,:~~ P• ~ox 893, Ft. Pierce, F1 33450
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