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and sl~oU perjortn. ~-umply iailf~ and a6ide 6y each an~ PI~Pry ~Iie egrnemenls, slipulnlions, conditiona and
~•oi~enants I~~ereoj. anc~ o( l~~is ma~f~agP. i~~ert f~is morlya{le an~I thp estate hp~pby c?pafet~, s~a~~ cecue. de-
fe?mine ancl E~e null nn~ aoi~~. _
~n~ t~e mortgngor ~~en~by ju~lher corenanfs an~ agrees fo pay prompl~y u~hen ~ue the principal and
inleres! and of~er sums oj mor~ey provic~e~ ~or in sai~j note and this morlgage, or eifher: fo pay a~~ nnd
singu~ar t~~e ta.res, asspssments, ~~e~ies, ~ia~i~ifies, oh~i~ations, QR~ PIICUr1i6~QIlC@s Of every nnfure on saicl pro-
~ perty; fo permif, comr?tit or sulj~r no u~aste, impairmenl or ~eteriorateon o~ saic~ ~unc~ or f{~e improvemenfs
thereon at ai~y leme; to RPPp I~P hui~dings notu or {tereaf I~r on sait{ lan~ jttl~y insured in a sum o~ not ~ess
/~an
in a company or companies n~~ceptati~e to !he morfgapee, t{~e po~icy- or poticies (o tie ~e~c1 hy, a«d ~yabl~
fo, saicl mortgage~, an~ in fhe erenf any sum u( money ~ecomes Paya6l~ by virfue o~ suc~t insurance !~?e
mortgagee sl~al~ hare fhe right to receine ancl apply Ilte same fo tl~e i~debtedness here6y securecl, accounfing
I to the morffla~or jor any su~plus: to pay aII cosls, charpes, ancl expenses, inc~uding ~awyer s~ees and lif~e
searches. ?easona6ly incurre~{ or paic~ by the morfgagee ~ecause o~ f{~e ~ai~we o~ 1he morfgagor to prompf~y
and Ju~~y comp~y wif~ f~e agreemer~fs, stipulelions, conaifions nnd cove~anls oj snic~ note an~ t~is morlgage.
or eilher: to per(orm, comply u~ith and abide 6y eac~ ancl enery f~e agreements, stipu~afions, conditions and
~f covenants set (orth in said nole and this morlga~e or eit{~er. In ihe event the mortgagor fai~s !o pny uJhen .
'If c~ue any fa.r, assessmPnl, insurancr premium or other sum of money payable 6y virtue of saicl nole and this
'1 rrtortgage, or eilher, !~e mortgngee may pay t{~e same, u~ifhouf wai~~ing or njfecling the option fo ~orec~ose
~ or any otl~er riQht F~ereunder, and a~~ such payments shall bear interest from clatp t~ereo~ nt t~e I~ighest 1aw-
~U~ ~Q~P ~E1P?1 A~~OIUC~ ~V ~lIP ~(III~S Of l~P ~tQ~P O' F~OIt(IQ.
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j y ItPrpln re errec~ to ~~e not rom t~ aic~ wit~in c~ays next aJler '
artV sum o mone ( P P Y P 3~
Ihe same 6PCOmes due, or iJ each QIIA pl~Ply II1B ag~eem~nts, stipulniions. condilions and coi~enants oj saicl
note ancl this morlga~e. or ~ilher, are not Jully perJormed. ~omPlted with and ab~ded by, then l1~e entire
sum mentionecl in sa~d note, anc, this mortgage, or tF~ e entire bn~ance unpaicl thereon, sleall f
orthwith or ~
therea)ter, at tl~e option o( Ihe mortga~ee. 6ecome and be due and payable, enyt~+eng in said note or herein ;
to the conirary notwilltsiancling. Failure ~~y lhe mortgngee to exercise any of ttie rig~ts or options ~erein .z
proi~iclec~ sEia~~ nof consfihile a u~nit~Pr o~ any righfs or optiores i~nc~er saic~ notP or ttiis mortgage accrued or ?
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t~+erFnjler ac-cruing-
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~n ~itness ~hereof ~IIP SQ/~ morfqa Ol ~QS I~erni~nlo signe~I ancl sealed these presents ~~P _
~i day ancl ~ar Jir~1 ahoi~. ~r?itt~n T~IS IS A BA~I~ON MIORTGAGE AND TSE FINAL PAYMENT ~OR
~~THE BAL~IJCE DUE UPON MATURITY IS $13,113.32, TOGETHER WITH INTEREST, I
?~NY, AND ALL ADVANCEMENTS MADE BY
Signpe~. s~al~tl and <<Plii~~r~~l iii f1e~ pr~sPnc~ oJ_ ORTGAGEE tINDER THE TERMS OF TSI MO `
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~ ~ William E. P ares >
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N~ncy P,~ Phares i
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STATE nF FLORIDA, ~
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~ c~~.'~TV c~F ST. LUCIE '
f I IlEREB1' CERTIFY that on this day, before me, an ~
ufficcr dul}• authori~cd in "th~ Statc aforesaid and in the Count}• aforesaid to taks acknowledgments, personally appearcd ~
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~ , William E. Phares and Nancy P. Phares, his wife,
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~ to m~• kno~vn to hr th~• p~•rsor~ described in and w•ho executed the for~qoinq instrument and Wh0 acknowtedged
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~ Ix•for~~ ~nr th.,~ they ~a~cuted the same.
~1'I7~\ESS m~~ hand and official ual in thr Count}~ and Stat~• last aforesaid this /(~t.~.1L- ~ day of
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~ ~~.'tober a. ~9 ~3• ~,,r , , -r~~~~;
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; -.._.._G.:-~~ ---'.-``~~~`-"T-~'Y:~=•••i'--.-;~-.
otary Public N p ~
~ My commaission e~~.~ces : ~ :
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; ~ Prepared By : . .
` John T. Brennan, Esquire ,,~,'Y'`~ ~4- ~
° " N07ARY PUBItC STATE Of FLO$~~A A~~G6
'~Post Office BOX 3779 My G~,1,~MISSIONEXPIRESNOY, 7~~
~Fort Pierce, FZOY'ld1 33450 - GEtitRALINSURANCEUNDER~R1iEt3~- i
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