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and shall pe~)o~m, comply with and a6ide 6y eacl~ and every t~e agreements, atipuloltona, condittons and
covenants the?eoj, and o/ tF~is mortgas~e, then this mortgage and tl~e estnte l~ereby crented, s1~all cPase, de-
te?mine and be nul! and void. 4
~lilll the morfga~o~ he~u6y ~urthe~ covenants and agrees to pay prompfly when clue fhe principal ancl ~
intereal and o1he~ sums oJ money provided jor in said note and thts mortgnge, or either: to pay all nnd
stngu~ar tl~e la.res, assessments, ~euiea, ~ia6i~ities, ob~igalioru, artd encumbrances oj every nafure on said pro-
perly: fo permii, commit or su~jer no waste, impairment or c~eleriorntion of soicj ~and or f{~e improvemertb
ther+ecn al any time: fo ~PPP I~P hui~~ings now or tie?en~ter on ~a~d land (ully insured tn a sum o~ not ~ess
I~nn
in a com{wny or rnmpanies accepta6le fo fhe mortgagee, the policy o~ policiea fo 6e held 6y, and payable
to, saic~ mortgagee, anc~ in !he evenf any sum of money 6ecomea Poya6[~ by virtue o~ auch insurance fhe
mortgagee s{~all ha~~e the righl to receii~e and apply the same to !!~e tnde6tedness hereby secured, aceounting
!o fhe mortga~or (or nny surpli~.c: fo pay a~~ rnsts, c{~argBS, and expenses. including ~awyer's ~ees anc~ tit~e
s~rcties, reasonnb~y incunr~ or ~xi~d 6y thR mortgagee because oj the ~ai~ure o~ t~e morlgagor fo promptly
and Ju~~y comp~y wifh the aflreemenfs, stipu~alions, conc~itions ane~ couennnfs oJ said note und Il~is morlgage,
or eitl~~: fo perJornt, comply wifh and abide by each nnd every !he agreements. stipulations, co~ditions and .
rnvenants set /orth in said note and this mortgage or either. ln the event the mortgago~ f
ails to pay when
due any tax, assessment, i~sumnce premium or ofl~er sum o( money pnya6le 6y virtue of said nole and tl~is
mortgage, or eit{~er, t{~e mortgagee ??~Qy ~xiy ttie snme, wifhout waiving or a~jecling !~e opfion to ~o?ec~ose
or any other ri~ht i~erPUnder, and all siich paymenls sl~all 6ea~ interest (rom dnte tl~ereoj at the tiighest law-
Jul rnle fhen allowed by 1?~e laius oj ~?~e State of Florida.
_ any sum of money herein re(erre~I to 6e not promptly pnicl within thirty c~ays next after
the same becomes clue, or i f each anc~ every tl~e agreemenls, stipulations. conc/itions nnd rnuenants of saier
note ant~ tl~is mortga~p, or eitF~er, are nol f u~Iy perjormed, complied with and a6~ded 6y, tlten fhe entire
sum menlioned in snid no?e, and tF~is mortgage, or tl~e entire bnlance unpaid ihereon, shall (ortf~wilh or
thereafte~, a! ttie option o) !he morlgagee. 6eoome aRd 6e t~ue and paya6le, anything in snid note or 1~erein ~
to f~e conlrary nofwitl~sfan~Iing. Failurp 6y ~I~e mortgagee fo exercise nny of fhe rigtits o~ optior~t ~e?ein ~
provided s{~a~~ not.consiitute a u~aiver oj any rig~ts or opfions under saicr nofe or ttiis mortgage accruc~ or =
t{eereajter nccruinfl.
~n ~~lll~s ~h~Ol~ the said mortga,qor has hereunto signed and sealecl fhese presenis tl~e ~
cray an~ year ~inf ADODP ~orillen. ~
Signe~I. sealed ar~d dPIl1~PfP~ in Il~e presencp of : '
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~ STATE OF FLORIDA, ~
coU:~~[~r ~F ST. LUCIE
I HEREBY CERTIFY that on this day. before me~ an
ofticer duly authorized in the Stat~ atoresaid and in the County afomsaid to take acknowledgmenu,~ penonally appearcd $
RONAI,D E. SMITH and ANN SMITH, his wife ~
to mc known to br thc pcrson S deuribed in and who ezecuted the (orcqoinq instrument and they acknowledged ~
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befor~ me that they ~x~cuted the same.
~ ~VI7'NESS my hand and official seal in the County and State last a(oresaid thu t~~ day of
X September A. D. 19 73 '
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~ ' .EG , ~T~ PtJBLIC STATE QF F(ORIDA AT IAR~
~.y , ~ !Y!Y COM!411SS~n+~t Fvo,•,• - •
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~TER8.974
~ ritY••~ ~r, = ~~U~1.SURANCElJND 13' -
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