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nnd shall ~~~rjo~m, comply u~ith and abide by each nnd e~~ery tl~P agreements, sfiputalions, condtttons and
ca~~enanfs Ihereof, nnc~ o~ 1{~is mo?tgage, tf~en f~is mwfgage anc~ I~e estafe hereby creafe~, i~a~l cea.te, t~s- •
tPrmine a~u1 bp nuN nnd i~uid.
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~n~ I~P morfyagor ~en~~y (urfl~er covenanis ancr agrees to pay promptly u~hen due ihe princlpal and ~
interrsf anc~ alhi~r sums o~ money proai~ecl jor in said note anc~gltiis mo~fgQge, or eilher, fo pny a~~ and ~
singular 1he IAXPS, ass~ssmpnts, Iei~tes. Iia6ilities, obligattons,.and encumbmnces oj euery nature o~ said pro- ~
pe~fy; fo permil, commtf or su~fpr no wasle, impairmerit o~ c~elerlo?~ation of said IQncI o~ !he improvements
~hc~rnon a1 any time; fo ~PPp I/IP 6uildings nou~ o~ 1?e?ra~te~ on said land ~ully insured in n sum oj not less
~tiQn $1~,000.U4 in fire and windstorm insurance
in a company or companies accepta6le to Ihe mortgagee, the policy o~ poltcie~ to be held 6y, nnd ~ya6le ~
to, saic~ mortgngee, anc~ in ttie evenl any sum oJ money becomes Payab[~ 6y viriue or such insurnnce fhe
mort9agee S~QII ItQI~P tl~e rigl~t to receive and app~y t1~e same to t1~e inde6tednesa i~ereby secwed, accounting
to Ihe mortgagor ~or any surp~us; to pay uII costs, c~a?ges, ancr expenses. ~nc~ucling ~awyers fees and tttle ;
seaml~PS, rposona6ly incunecl or pcrid by the mortgagee 6ecause o~ fhe failure of f~e ?nortgagor fo prompt~y ~ ~
an~ (u«y comp~y wit~ tl~e agreements, stipu~ations, con~itions anc~ covennnts o/ said note and tl~is mortgage, ~
or eilf~~r; lo per(orm, comply u~ith and abide by eacle and euery fhe agreements, sttpu~ations, c~ont~itions and ~
co~~enants set ~orfti in sai~ note ancj this mortgage or eilher. jn the e~ent the mortgago~ fai~s to pay when ~
due any tax, asspssment. insuronce premium or other sum oj money payn6le 6y virlue of said note and this '
~»ortgage, or eilher, ftia mortgagee may pay t~e same, wit{~out wniving o~ aJ~ecfing the option to (orec~ose !
or nny other ric~l~t hprpunder, and all s~ich payments sh4ll 6ear inleresf ~rom date t6enwJ at the 1~ighest law-
(ul rate then allou~ed by 1he laius of f{~e State o( F~ori~la. ~
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any sum o~ monay herein re(erre~ to be not prompt~y paid wifhin 7 days next ajte~ ~
tlir same becomes due, or i~ each an~ enery fhe ngreements, stipulations, conditions and covenants o/ said !
note and Ihis mortgagp, or aittier, are not Jully performec~, comp~ied wit1~ und n6~ded 6y, tl~en the entire '
sum meniionpd in said note, and t{~is morlgage, or !he entire 6nlanee unpaid thereon, s/~n~I ~ort6with or i ~
I~ereaJfer, af the option o( t{~e morfgagc~e, tiecome anc~ be d«e and ~yab[~, anyf~ing i~ said no~e o? herein !
fo the conhary no~withstanding. Failure by tbe mortgagee fo exercise arty o( the rig{~ts or opttoru herain ~
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provi~ec~ s{~a~~ not constitufp a u~airer o~ nny rig~ts or oplions un~er sai~ rtotP or fhia ntorfgage accrued or j
f~erea~t~r accruing.
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~n ~itness ~hereof~ tl~e said mortgngor has l~ereunto si,qnecl anc~ aealecl tl~ese presen/s t{~e 1
~lay anrl yPar ~irsf n~ove u~riften.
Signe s~ajec~ c~ cle~ii~prpa in !tie prpsencp o~:
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STATE OF FLORIDA, ~ ~
COU\TY Op $t . Lucie
1 HEREBY CERTIFY that on this day, before me, an ~
o(ficer duly authorized in the Statc aforesaid and in the County afor~said to tak~ arknowlydqmenu, penonally appeared '
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Eugene D. Pagel and Linda E. Pagel, his wife ~
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to m~~ knawn to Ix the• p•rson $ described in and who executed the for~¢oinq instrument andWhO acknowledqed
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be(ore me ~r,:+cthey ~z~cuted th~ same. ~
~ ~~'I"I~\ES5 my hand and Q(firial seal in thc Count~ and Stat~• last a(oresaid this 19th day of . ;
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S@jJ~@IIl~@Z' :i. D. 19 72 ~ 1 i
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ECp~OEO ~ --•G~=.~--~--~-~.~~--......:~::~
f lED AKO f~ - -'-u : ~ ' ~
~11CtE COUNT~ f ~ ~ ;
apGcR PO1tIlAS ,
~ ~tRC11~~ NOTARY PUBLlC STATE ~JF F±.,'~-Y~'At ,q~2~~ ~
'~'EP~ 41If1~0 ~~MMISSION EXPIREc cr~~. ~•f'197,4 ~
i RECORD Y~ BONDED TNRit FRED W.`~OI~'STElFISRST ;
~ 19 3 i~ PN'Z 2 ~ r
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