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and shall er orm. ~-c~mply u~ith and a6ide by each and every the agreements, stipulal~on's, condilions nnd ~
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conenants thereo(, and oJ fhts mortfla~te, tF~en Ihts mortgage a~d the estate he.eby crented, a?~all c~wse, ds- ~
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~n~ ffip morl{~a~~or ~~en+~y furthe~ covenanis anc~ ngreea to pay prompfly when clue II~e principal artd
interest anc~ ut~~er sums o~ money pro~~ic~ecl ~o~ tn sai~ nofe and ftiis morfgage, or etlhe?; to pay a~~ and
sin~ular Ihe fa.r~s, assessmenls, levies, lia6ililies, o6lif~ations, nnd encumbronces o( eve?y nature on soid pro-
perfy: fo permit. commit ar su~Je~ no wasfe, impairmenf or deferiorofton o~ snid bnd or ttie improuemenls
IhPrncn at any lime: fo k~p~ rhp huil~Iinfls nou~ or hereaft~r on said land jully insun~cl tn a sum o/ not less
lhan full insurable value
in a c-ompany or compani~~s ncc~ptable fo ihe morlga~ee, the policy o~ policies to be held 6y, and paya6le
to, saic~ mortpage~. an~ in thp ea~ent a~y sum oj money 6ecomes paya6le 6y vIrlue o~ such insurance I~e
mortflagee sF~all hnvP Ihe ri~lit fo receive and apply Ihe snme to ihe inde6fedness here6y secured, accounting
to ftie mortga~or jo~ any surplus; !o pay a~~ costs, c~arges, and expenses, inc~uc~tng ~awyers ~ees antl fif~e ~
searches, rea~ona~~~y incurr~ or pai~ hy thp morfgagee 6eeause of !~e ~ai~ure o~ f~e morlgagor fo prompl~y
an~ (u~~y comply u~il{~ the a~reemei~is, sfipu~alions, concrifions and couena~fs o~ said note anc~ f~is morfgage.
or eiil~er: to per(orm. romply u~ifli an~I ahic~e .hY pach anc~ cuery the agreements, slipu~afions, conditions and
covc~n~i~ls se! Jorf~ in sat~ note and this rrtortqage w eittier. ~ ~n !he auenl l~ie mortgagor ~ai~s to pay when
due any ta.r, assessmi~nt, insurance premium or other sum o( money pnya6le 6y~ vi~tue o~ said nole and ihis
mort~age, or eil~~er, t~~e morf~ac~ee may pay f{~e same, wilhoui waiving or a~~ecting the option fo jo~eclose ~
or any other ri~{~f I~ereuncler, a?id all such pnyments shall 6ear interpst from date IhereoJ a1 the highest !aw-
~u~ rate 1~~en n~~o~ue~~ ~?y f~~~ ~n~i~s oj f{~e Sfafe o~ Florida.
DL any sum oJ mon~v ~~erein rP(erre~ to ~~e not prompt~y pai~ wilhin lO days nexf after
t6e snme 6ecomes due, or i~ each. a?id PI~Pry IhP agreempnts, stipulations, conditions and covenants oJ said
note and ihis mortgage, or eilher, are not fully perJorrrtetl. comp~iecl wit1~ and a6td~1 6y. Il~en the enlire
sum mentionec/ in sai~ notP, and this morfgage, or t{~e enti?e bn~ance unpaid tF~ereon, sl~nl~ (orthwith or
fherpa ter, at fl~~ o tion o the mortqa~tee. 6ecome and be due and paya6le, anyll~ing in said note or herein
to I~e confrnry nolwithstan~irt~. ~'ailure by t{~e mortgagee !o exercise any o! e rig ts o~ op tons erein
pro~~i~ec~ s{~a~~ not conclilulP n u~ainpr o~ any riry/~fs or oplions uncler saic~ nole or t~is mortgage accruec~ or
t~ier~a~lrr acc•ruin~_ ~
~n ~itness ~hereo~~ /~~e saic~ morfgagor has IIP~PtI?IIO StQRP~ ane~ sea~ec~ t~ese presents Ihe
~i. ~r..~ vnnr ~ircl n{~n~~n ~~.rilfai~
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S/g1IP~. SPA~P Q~ f~P~llrplP~ i thp pres~nce Oj: ~ ~
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STATE OF F[.ORIDA, ~
~ CnU\TY nF ST. LUCIE.
I HEREBY CERTIFY that on this day, be[on me, an
o(ficer dulv authorized in the Stat~ a(oresaid and in the County aforesaid to tak~ acknowitdgments, p~nonally appeared
JO~IN H. STAMHI, JR. and SYLVIA STAMM, his wife,
~ to me known to be the pcrson described in and who eaecuted the for~goinq instrument and they acknowkdged
~ before ~ne that they ex~cuted the same_
~ ~~'Il'I~'~ESS my hand and official seal in thc County and Statc last a(ottsaid this St~l day of
Sept . D. 19 73 .
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s. ; . - - a e o..... ..--orida--
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= o; c- Notary P ic St t f F1
OT ~ Y~~': r~_ F~~EO ~??+e RfcoRoEo
~ ~ ~ ~ • - : ST. L1;CIE ^ouytr F~~. at Larg _
~ ~C'•: ~'M y~-,: ROCER ?O1T~?S i~ ~ 2d 7.~
'~t ' 1 = LErK Gi •:•U:7 C~URT
> - - ~ ~ ~ G c M Com~nission Expires :
~ u • ~ . _ . RE~~R~ VER~ftEC y .
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916AM'73
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~ 2s3~.19
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~ 6ooK ~1p PAGE~118
~ !liis Insrr,~,nr,~gr~~~'w~ ~EP~t~u ~l~
,~~l~/n.~ SPENCER B. GILBERT~ Attorney at la~
~ 220 S SECOND STREET . FT. PIERCE. flA. 3?.~5~
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