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antl s{?all pe~(orm, comply u~i1h and a6ide 6y each and every the agreemenls, sfipulations, condilions and
c~ovenunts the?eo(, and o( Ihis mortgage, ihen this mortpafle and fhe esta~e heroby creatncl, shall cease, de- ;
termine nnd be null nnd void. , i
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7f11i~ ttie morfgagor hereby ~urtF~er covennnts and agrees to pay promptly when due the princtpal und ~
interest and ot1~e~ sums o/ money provided (o~ in snid note and this mortgage, or either; to pay all ond ~
singulor tl~e taxes, assessments, levies, lin6ilities, o6ltgalions, and encum6rances oJ every nature on said pro- ~
perly: to permil, commit or suJ~er no waste, impnirment or c~eferiomfion o~ saic~ ~anc, or ftie improuemenfs
the?eon at any fime; to keep the buiidinga now o~ herea(1er on said land Jully insured in a sum oJ not less
than the aggregate unpaid balarice fram time to time o~ring -
in a company or companies accepfable !o the mortgage.e. !he pokcy or policies to 6e held 6y, and paya6le
to, said ?nortgagee, nnd in Il~e event uny sum oj money 6ecomes paya6le 6y vi~tue oJ suc6 insuronce the ~
mortgagee shall hn~e I~e right fo receive an~ app~y I~e same to the inde6te.dness I~ere6y secured, accounting
to Ihe mortgagor Jor any surp~us: fo pny a~~ cosls, cha?ges, anc~ expenses, including ~wyer
s lees anc~ tit~e
searches, reasonably incurrec~ or pai~ '~y ftie morfgagee because o~ Ihe f
ai~ure o~ t~e tnortgngor to prompt~y
nn~ ~u~~y comply witti fhe agreements, siipu~ations, conc~ifions anc~ couenants o~ said note and lf~is mortgage,
or eilher: to pe~jo~m, comply u~ifh and abide 6y each and every tl~e agreements, stipulations, conditions and
rnvennr~ts set ~ort~ in saic~ ?eote and Ihis mo~tgage or eittier. ~n the evenf f~e morfgago~ ~ai~s to pay when
clue any lax, a.sessmenf, insurance p~emium or ot/~er sum o( money pnyable 6y uirtue of saic[ note and t~is ~
mortgagp, or either. t{~e mortgagee may pny fhe snme, wit~ou! waiving or aJJecling fhe option to ~orec~ose ~
or any other rigl~t hereunder, nnd al! such payments sl?all 6ear inferest Jrom date t{~ereoJ at tF~e highest law-
Jul rate then allowed by ~{ie laws oj I/~e State o~ Florida.
~l any sum of money ~erein referrec~ to be not pro:nptly paid wit{~in thirty days next a(ter
the same becomes due, or i( encl~ an~ every !he agreements, stipujniions, -conditions anc~ covenants o~ snid ~
nole_ antl this mortgage, or eilher, nre not f ul~y perJormed, complietl wilh and a6ided 6y, tften the entire ~
sum mentioned in said note, and this mortgafle, or the entire 6ajnnce unpnid thereon, shall Jor!?uuith or ~
thereaJter, n! the option o~ t~e mortgagee, beco?ne and be due and payn6le, anyt~ing in sai~ note or herein
fo the confrary notwit~stancling. Fai~ure ~y ffie morlgagee to exercise nny o~ !he rig{~!s or options herein
proviclet~ s{~a~~ not constitufe a wniver o~ any rig~ts or options une~er saic~ nofe or [his morfgage accruet~ o~
t~erea~ter accruing.
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~ (4'ORPORATF_ ~n t~e mortgagor ~ns caused t~ese presents to ~
~ i~, A.,, SEAL) E~e execu in ils name, anc~ ifs corporafe sea~ to be ~ereunto a(~ixed, by its ~
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i • proper cers thereunlo c~u~y nut~orized, ihe day and year ~irst a6ove wriften. i
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; ` ~ ; - ~ L, INC. .
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TFtEASURE COAST OI
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j a ' ~ C@-PI'@S1 78GaEa[3f~lC
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i : , Sigri e~iver n e presence o~: ~ /
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6 - \ - - ~ ~John Glaze v~.ydn,~
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~ ~ulte Florida ~ ~
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0i St. Lucie
1 HF_RF.BY CERTIiY e6a~ on ~6~s day. 6.•~ore me. an oJ~~m. d~dy ou~horiud in dk S~~1e and Cou,dy aJo.~wi~l ~o ~a~e oclu~o~v[edy-
~ ~ mrnfa. {wnorwlly oP~k~.ed John Glaze and g. W. Si.mpkins ,
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~ i ,.~Il k~;.LL.~ ro~ ro F~ ei~~ PrvsiJ.~~ a,,.l • Yice-President ~PS~~e~~vty o( ~he ro.~.~~~„~ .~.,..1 ~ (
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matgago? in t~e ~orPyoing instnnrwmf, aru~ 1~~ot I~vy srrrra~~~ ac~nou~e~ye~ Fxrculing 1~~ same, in Itie prrs~nce o~ lu~o subscr~~riny u~lnvssvs. -
- ~ ir~rly ond ~•nlunlorily urulrr a~:tl~wily ~Iuly r~.~.~d in thrm 6y said rar~roru~iun and 16ot l6e sral a~(i.«d tl~rreto is 16r truv cwpwnle sro ~
It ~o.~.an«~. 25th SQptembe~
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~ wmv?:~S m> ~~,,.~1 „n~1 0~(,.;~I ~~I ~tie Cw~nh .~.,,1 s~atF tase a)~~d ~1~~s ; isu.rl., ~
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~ ; 2s4 aQO~ 219 PAGE 3~ ~
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