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and shall per~orm, comp~y wIfh ancr abide by ench ancj every the ag~eements, stipu~alions, co~c~ifions and
couenants 11~ereo/, and oJ tl~is rnortgage. Ihen this mortgage and the estnle hereby created, shall cease, de-
tern~ine and 6e null and votd. •
711~ the mortgago~ hereby f
urther covennnts and og?ees fo pay promptly when due tl~e principal ancl
interesf and ofher swns o! money proutded (or in said note and this mortgage, or eilF~er: to puy a~~ nnd
singu~nr the faxet, assessmenls, ~euies, linbi~ifies, o6~ignftons, anc~ encumbrances o~ every nature on said pro-
perfy; to perntit, commif or su~~er no waste, impairment o~ cjeferioration o~ said land o~ !~e improvemenfs
thereon at nny time: to keep Ihe 6utldings now or hereaJter on said Iand /ully insured in a sum oJ not less
than MAXIMUM INSURABLE VALUE
in a rnmpnny or companies accepta6le to Ihe mortgagee, the policy or policies to 6e held 6y, and ~ya61~
to, said morlgagee, anc~ in fhe event any sum o/ money 6ecomes pnya6le 6y uirtue o/ such insu?ance the
mortgagee shall I~ave the riflht to receiue and apply the same to the indebtedness here6y secured, accounling
to the morfgagor f
or any surp~us: to pay a~~ costs, c~arges, and expenses, incluc~ing ~awyer s(ees ui~d iil~e
searches, ?easona6ly incurred o~ paic~ by t{~e morfgagee because oj the /ailure o~ tl~e mortgagor to promptly
unc~ (u~~y comp~y witti t~e agreemenfs, stipu~afions, conditions ancl coue~innts o( said note and this mortgage,
or either: to perJorm, comply witk and abide by each and euery the ngreements, slipulations, conditions nnd
covennnts set /ortl~ in said note and this morlgnge or either. In the event the morfgagor Jails to pay w1~en
due any tax, asseasment, insurance premium or other suM o~ money paya6le 6y virtue oJ sni~ note and t~is
morlgage, or eifher, !~e mortgagee .,,ny r,oy the same, without wai~ing or af
(ecting the option to ~orec~ose
or nny ot6er right hereunder, and al! such pnyments sl?all benr interest Jrom date lhereoj nt tl?e highest law-
(ul rnte then allowed by tl~e laws o/ the State o/ Florida.
~L any sum o) money herein reje?red to 6e not pro:nptly paid within thiY'ty days next a(ter ,
the same 6ecomes due, or ij encl~ and euery the agreements, stipulutions, conditions and covenanta o~ said
note and tl~is mortgage, or eitl~er, are no1 Jully performed, complied wit6 and a6~ded 6y, then the entire
sum mentioned in said note, and tF~is mortgage, or t1~e eniire 6alance unpaid thereon, skall JoH.~?witb or '
tl~ereajter, at ti~e option oj the mortgagee. 6ecome and be due and payn6le, nnything in snid note or herein
to f1~e contrary notwitl~standing. Failure by tl~e morlgagee to exercise any o~ the rigl~ls or options herein
prouic~¢cl s?iall not constitute a waiver o~ any rig{~ls or options uncler saic~ note or this mortgage accrued or
therea~ter accruing.
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(CORPORATE ~n ~~e ~ortgagor has caused these presents to
SEAL) be executed in its name, und its corporate sea~ to be hereunto a/fixed. 6y ~ts
proper o~~icers lhereunto c~uly authorized, !he ~ay nnd year f
irst a6oue written.
~ ATTEST:--~-4~?._%f'_C:~~-------------------------- FORT.._PIERCE_. AUTO._ SALES,.__ INC_......_.....
8111 W11SOT1 ~ Sccrelary
i
Sign , sealed and delivered in t{~e presence oJ:
~L.4~~'.~~~--------------------- By------ ~ - -
~ 7~~~f ` -----•-•------•-----------F'rende+~t
~ -
~ - Jerr ve,
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~~/~^~~i~L~a--C - „ ?Gt; ~7tfY ~9Y ~F~~~~
4 IE COU r ~ ;
ppQE~ POtTA~f i
a ERK C«CUti ~dUltt ~
REL~R9 VEPifif~p~.....~.....
~LA~ Of FLORIDA ~~IO 1 M i1Z Q
~r~v.'v
ST . LLIC IE
1 HEREBY CERT?FY ~/iat on ~lus day. Fx/o~e me. on oJJice? dulr awl~oriud in Jm Seate a?u! Coun~r n/«esaid fo taLe ocbw~edo-
m`~''' P`~~' °P~ Jerry Lore and B:11 Wilson,
~ well bwurn Io me to 6e ll~e Pn~idenl ~a Seeretary naprdinrlr oj d~e cwpwnlion nomed us
r;~ martgagor in the (oregoing instrumenl. and I~wt l~ey x~~ero~~r ac4nou~edged executing 1/~e same. in t~e prcunoe oj two subsoi6ing ~rilnesset. ~
(reely ond adwuor~ly under outlw?tty duly res~ed in t6em 6y said co?pw~a~ion and tlwt ll~e seal a//ixed l/unlo is d~e uue oorporo~e sea! o/
~ a°'d `°'p°`°t`°"-
~ Wfl'NESS my hnrd and o(~iaal sca! in t6e Coun~y and S~u~e [ase a(wesoid ~6~s ~d~ dar o/ Oetober
~ D. t9 7 2..
~_~,~~ue~~~~~~~~~
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: No ry Public - State of Florida
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