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an~ s{~a~~ perjorm, comply u~itf~ an~ a6icre by eocti an~ PI~PI'y t{~e agreements, tflpu~aflons, conditions and ~,~'t
coi~enants thereo/, and oJ lhis mo?ff~ape, then Ihis mortga~e and the e:tate I~ern6y c~nted, shall cense, de-
fPrmine anc~ ~e nu~~ anc~ iwic~.
~ 1{~p morlga{~or ~~enhy (urfher rnvenanls and agrees to pgy prompf~y u~hen due ths principal nnd
tnteresl and ol~er sums o( mo?~ey proi~ided /or en saic~ nofe and ttiis morfgage, o~ eiltier; to puy a~~ ond ;
sinflular Ihe? tn.res, assessments, le~~ies, Iia6ilities, o6[igolions, and encum6rnnces o( every nalure on aalcl pro- ~
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perly: to ~rmil, commil or su~~er no waste, impnermen! or c~eferiorntion o~ satd land o~ fhe improvemenla ~
fherPen al a~ry 1ime: to ~PPP IIIP buildinc~s now or hernaJter on ~aid land ~ully insurcKl in a sum oj not Iesa ~
~hQn highest insurable value
in a company or companies acc~ptab~e to the mortga{~ee, the po~icy or policies to 6e held 6y, and puya6le
fo, saic~ mortgagee, an~ in t~~e event nny sum o( money becomes paynb~e by virlue o~ such insurance ttie
mortgagee shall ha~~e the right to re~-eii~e and apply 1he same to the inde6tedness hereby secured, nccounling
!0 1he mortga~lor ~or any surplus: fo pny a~~ cosfs, charges, and expenses, inc~uding ~wyer~s fees antj tit~e
searches._teasonably incurrecl or pai~ tiy t~e mortgagee hecause o~ Ihe Jai~ure oj fhe mortgagor (o prompt~r ~
an~ ju~~y comp~y u~ilh 1~~P aflreemenfs, stipu~alions, conc~itions nne~ covennnfs oJ said nole and lhis mortgage. ~
or eif~er: lo per~orm, complV ~uifl~ and a6ide 6y each nn~I every fhe agreemenfs, slipu~ations, conditions and ;
coven~nls set f
o~lh in said note and lhis morlgage o~ either. In fl~e event tlee mortgagor jails to pay when ;
due any tax, assessment, ins~irance premium or other sum o/ money pnya6le by virtue o/ snid note und ~I~is ;
morfgagp, o~ either, t~e morlgagee may pny ftie some, u~it{~out waiving or aJjecting the option lo ~orec~ose ;
or any olher ri~l~t I~ereunder, and n~~ such payments shall 6ear interest ~rom clate tl~ereof af the F~ighest ~nw- ?
(u~ rate Ihen a~Iotued 6y I~p ~mrs o~ fhe State o) F~orida. i
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~l any sum oj monPy herei?i re(errec~ lo be not promptly paid wilhin ten (10) days next a~ter ~
f~e same 6ecomes clue, or i( each ancl pvery 1{~e agreements, stipu~alions, concritions nnc~ covenants o~ said ~
note and this mortga~e, or eilher, are not Jully perjormed, complied witl~ and a6~ded 6y. then t{~e entire ~
sum menfioned in said note, and this mortgage, or the entire balance unpaid tl~e?eon, sknll (orlhwiih or ~
therea(ter, at the option o) 11~e mortgagee. 6ecome and 6e due and puya6le, anything in said note or herein ~
to t~e cont?nry notwithsfanding. Failure 6y the mortgagee to exercise nny of the rights or opfio?u ~erein ~
prot~icrec~ ska~~ nof rnnstilutp a waiver o~ any rights or options unc~er said note or fkis mortgage accruetl or ~
t~erna~ter accruinfl. ~
~n ~itness ~hereof~ tl~e said mortgagor has {~ereunto signed and sealed theae presenls the 3
~Qy an~ year jirst a6ove ivriNen_ ~
$igned, sealed antl treliveretl in the presence o): ~ C~~~ ,
C~,~, ~ ~
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~:o~-----
ohn W. Schenart s ~
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i ~ Alma L. Townsend ~
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STATE ~F FLORIDA, ~ ~ • . ~ / .
COtJNTY nF St. Lucie : ..:4 i
I HEREBY CERTIFY that on -t6is ;d~r ~ t~ so~ ~
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officer duly authorized in the Stat~ a(orcsaid and in the County aforesaid to tak~ acknowkdgmeat~;, {1ersVballY a~efretl~ -
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John W. Schenarts and Alma L. Townsend _
to me known to be the person S described in and who executed the torcgoing instrument and '~#~~3?~1~iWvt~e~~ i'
r..:n.~,.~`` T
be(orc me that th@y executed the same.
WI7'NESS my hand and official seal in th~ County and Stat~ las rcsaid this day of ~
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AUgUSt A• D• 19 '72. ~ ~ ~
Z 3~~2t~ ~ _ Gr/. - ;
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FILEO RMC RECORQEO - ;
W ST.tuC~E ~~?sNTY i~~- Notary Public, State of Fla. at Large ~
~ ROC~y ~'G~jRAs M commission e ires: 7S -
~ CIERIC CI~~tl~t COURT y ~ ~
~ RECORD YEP.`f ~EO r..----- ~ ~
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~ ~ e ~ 4Z ~H ~~t~~
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77iu Lwrunicm paparrd by: '
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Richard I3. Sneed, Jr. , Esq. ,
~ PO Box 1000 A Q
~ Fort Pierce, Florida, 33450 BORK~~'3 PAGt ~~~0
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~`~..t._._. w._.,. , . {Y..~V
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