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nncl sl~all pt~rJorm. ~omply u~ith and a6ide by ~n~•h and e~~ery ti~e agreements, stipulalions, condilions nnd
co~~enanfs thereoJ, and of Ihis mort~ane. IhPn IRis mortua~~ and the estale hereby crealed, shall cease. de-
termine and 6e null and i~oid.
~n~ t{~P mortga~or her~~hy ~urther covenants an~ agrees fo pay prompfly u~hen c~ue Ihe principa~ ant~
internst and othrr sums o~ money provi~Iec~ ~or in sai~ note and this mortgage, or eilher: to pay al~ anc~
sin~ular fI~P ta.rps, assessmenis, IPI~IPS, lia6ilities, o6ligations, an~ encum6ronces o~ e~~ery nalure on said pro-
pe?ly: fo pvrmil, commil or suj~er no wasfe, impai~menf or t~eferiorafion o~ said Iand or fhe improvements
thereun at any fime; to kppP thp 6uildin~s nou~ or hernajter on c~id land )u~ly insured in a sum o( not less
~{~a~ full~ insurable value.
in n company or companies accepta6le to Ihe mortqagee, the policy o~ policies to 6e held 6y, and pnya6le
• to, sairl morfgagee, an~ in ftie event any sum oJ money becomes Payab[e 6y i~irtue o! such insurunce t~e
mortgagee shall have I~e ?igti! to receive and upply t{~e sume to ll~e inclebfedness here6y securetl, accou~ling ~
to f{~P mortga~ar (or any surp~us; lo pay a~~ cosls, charges, and expense3, inc~uding ~nwyers ~ees and fif~e I
searchps, reasona6ly iris~irrecr or paicr hy ftie morfgngee because o~ 1{~e jatlure of Ihe mortgagor fo prompt~y i
~n~~ (u~~~ comp~y wil~ f~~a apreements, sfipu~aiions, condifions nnc~ covenanfs o~ said nofe anc~ f~is morfgage, ~
or eiil~er; lo par(orm, ~omply u~ith and a6ide 6y eacl~ and every the agreements, stipulations, conditio~s and ~ '
conena?ifs set Jorfti i~ said nofe anc~ Ihis mo?tgage or either. ~n the event fhe mortgagor ~ai~s to pny when
due any tax, assessment. insurunce premium or otl~er sum of ??~o.~py paya6le by v~rtue of said note and Ihis ~
mortgage. or either, f~p morfgagee may pay the same, wif{~oul waiving or affecting fhe oplion fo ~orec~ose ~
or any olher rinhf he?eun~Ier, and all such payments shall 6ear inlerest from date thereo( at the 6ig6est Iau+- ~
(ul rate then allou~er~ by 11~e ~aws of Ihe State oI Florida. ~
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~L any sum of money herein re(erre~ fo 6e not prompl~y paic~ a~ittiin 10 ~ays next af fer i
the same becom~s clup, or i~ each an~ enery t{~e agreements. sfipulations. conclilions and covena~ts o~ snicl ~
note and ttiis mortAac~p, or eitl~er, nre nof f ully perf
ornnecl. complied u~ilh and .a6~ded by, then tFte entire i
sam mentioned in saicl note, and tl~is mo~tgage, or the entire 6alnnce unpnid Ihernon, sl~all ~orthwith or ~
t~ereajter, nf i{~P opfion o~ !he mortgac~~e, become an~ 6e due and paya6le, anyf{~ing in snit~ note or ~erein ~
to t{~e confrary notu~ittistanc~ing. Fai~ure hy fhe mortgngee to exercise any o~ fhe righfs or options herein ~
pro~~icle~I s{~a~~ nof ~onstitute a u+ainer o( any ?i~~ts or oplions un~er sai~ notv or f{~is mortpage accnied or i
Iherea~trr accruinp. ~
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~n ~~~~5 ~hereof~ Ihe said mortgagor has I~erpunto signpd and sealed these presenls the '
c~a~ anc~ yt~ar first ahot~e ioriflen.
Sign~ . s~a~~c~ an~ ~e~i~•erP~ in fhe presence o~: 1 ~
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' ~GGc-! c` ~
' ~~:1,(~..._ _~,~~~.C1~C~.~~.:- - ~ . . -~``~_~y:..
~ , Davi~E. Swartz ~
~ . L1E.~n ~~t~ .1.~. -`~-.~c~a.. . - - ~.~..:~u.~.~.~.~.- . - _ .
s Barbara J. Swa~f t z
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STATE OF FL<)RIDA, ~
COUNTY OF Indian River ~
I HEREBY GERTIFY that on this day~ befor~ me, an i
offi~er duly authori~ed in the Statr aforesaid and in the Countp aforesaid to tak~ acknowledqments~ p~rsonalfy appeared
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David E. Swartz and Barbara J. Swartz, his wife I
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to m~• known to 1x the person g described in and who ~xecut~d the for~qoinq instrument and they ac~Cnowledqed
bcfore me that they ~xccuted the ume.
I 1\'IT~ESS my hand and oHicial sral in thr County and Swtr last afor~said this L~ day of
OCtObeY A. D. 19 72 I E
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' f~~EO ~Ne aECOROEO ~
ST.LUCIE COUM~Y FU. ~ . . ~ . . .
PO~TRAS ~
~ NOC~R : ; ; t::
RT r ota. ;t, ; ~i
CLER!l Clf'CUI? COU r~ v P~ , c, t„tn ~f Flori~a at Lar~e
RECORC YER`f~EO ~ v C-~.~,~ ~_~~::n L,.pi~es ti~bw: tl, <?~6:~~,.,..,;~' ~~;~t~~,~
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239'781 . . .~~,4- ~ ~
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~ I~~~in~ r~~~•p~~~f J?~
jl LIMENT WI1S PREPARED ~Y Q j~ ~"'j S~
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~ .•I~/r/r~x~ . C. ~~~~E•PRESIDENT O~ EOGK l PACf
~i THE (hE~fA~1 FI~Ef~ ~~T~2US BANK
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