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and shall perform, comply u~itl~ and a6ide 6y each and ei~e?y tl~e agreements, sNpulaltoni, condttions ond
ca~~enants thereof, and u~ Ihis morlga~e, fl~en tl~ts mortpage and tl~e estale here6y created, ahnll c~e, de-
termine and 6e null and i~oid.
~nd thr morfga~c+~ hen+6y'~urther covenanls and agrees to pay promptly when due 1he p?incipal and
interest anc~ ofhe~ sums o~ mortey prot~i~etl ~or in said nofe and Ihit morfgnge, or eifhv~; fo puy aII and
aIngular the fn.res, ussessmenls, levies, lin6ililies, o6ligalions, and encum6?ances o! every nnture on said pro-
perty: fo ~ermll, commif or su~ler no wasfe, impairment o~ delerioratton oj said land or f~e improuemenla
ihe~rncn at nny fime: ~o RPPp ~hP 6uildin~s ~ow or f~ereajfer on said land /ully lnsurecl In a sum oJ not less
lhan full insu~able value.
i~ o com~xiriy or i~ompanies ac•cepla~~e fo Ihe mortgngee, f~e po~icy o~ pollcies to be I~eIc1 by, and paya6le
lo, said mort~aQee, and i~ t{~e evenl any sum oj money 6ecomes ~ya6l~ 6y uirtue oj such insurance the
mortgagee shall hai~e f1~e riyl~t to receinp and apply ff~e some to the inde6ted~ess here6y secured, nmounting
!o f~e mortfln~or ~or a~y surplus; lo pay al~ costs, charges, and expenses. inc~uding ~awyers jees and tif~e
SPpMltPS, reasona~~y incurre~ or pai~ tiy t~e mortgagee becaiue o~ 1{~e tai~ure o~ fhe morfgngor to prompf~y
ane~ ~u~~y comp~y wilf~ Ihe apreements, sfipu~ations, con~itions and covenanls o( saic~ nofe nne~ 1{~is mortgage.
or eifher; to per~orm, comply wifl~ ancl ahicle by each and euery t{~e agreements, sfipu~ations, condifions antl
conenanls sef ~orth in saicl nofe a~d f~is ?norfga~e or eifher. /n f~e evenf the morlgagor ~ai~.t !o pay when
t~ue any tax, assessmenf, insurance premium or oll~er sum oJ money pnya6le 6y vi?tue o~ saic~ note anc~ fhis
mortgage, or eit~ier, f~~~ mortgagee may pay !he same, wittiout wniving or a~jecling fhe option fo Jorec~ose
or any ofl~er ti~I~f I~prp~~ntler, nnd all s~ich payments shall 6ear intp~pst jrom dale Il~ereof at tl~e ~igl~est law-
(uI rate tlihn allou~ecl 6y f1« lau~s o( the Stafe of Florit~a.
° ~l any sum o( monry ~~prPin re~PRpq t0 ~~e nof prompf~y pnic~ u~if{~in thirty doys next after
tl~p samP 6~comes due, or i( ear1~ anrl ei~ery tF~e agreemenis. sfipulations. conclitions and cot~enants o~ said
notp and tl~is mortt~ac~e, or ~ill~Pr, are not jully perJormed, complipcl wiih and ab~dpd 6y, t{~en the enlire
~ sum mentionPd in said ~~ot~•, and ~{~is mortgaAe, or the enfire 6a[ance unpaid thereon, sf~all jortl~iuil/~ or
IhereaJter. ~1 t{~~ option oJ tl~r mo~tgacieP. 6ecome and be due and payable, anyt6ing in said nole or I~erein
to t~i~ contrary nolinif~~sfan~~in~~. rui~u~~ ~~y ff~e mortgagee !o exercise any oJ t~e rig~ts or options tierein
prot~ic~M~ sha~~ nof ~oncfilufe a u~air~•r of any righls or options undpr snit~ nofe or this mortgage accrue~ or
f~~ereajlc+r ~n-ruinc~.
~n ~ditness ~hereof~ fl~~ said morlgayor has herc~unfo sic~ae~ and sealed t{~ese presents the
c~ay anc~ y~ar Jirsl aj~o~~~ tvrifl~n.
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( ,ynecl. se ~d and •li~•~r~•d in Ih~ prnsi~nc~ o(:
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Oak ey I~. Watson
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` As to Mr. Mrs. Watson I.ois~~R~:~~ Wafson
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STATE OF FLORIDA~ ~
COU\TY O~ -
~ ~Q~' I HEREBY CERTIFY that on this day, be(ore me~ an
of(icFr dul}• authori~ed in th~ Stat~ a[oresaid and in the Countq aforrsaid to tak~ acknowled¢menu, p~nonal{y appeated
Oakley N. Watson and Lois R. Watson, his wife,
to ~nr known to br the• prrson S deuribed in and who eaecut~d the (oreqoinq instrument and they acknowlcdRed
^ befon• me that they ex~cuted the sam~.
~ 11'[l:\ SS my hand and of(irial scal in thi• (:ounq• and Statr last afor~said this ~ day of
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~ r~t~Ea Ak: a:c~aoEO ~r~cZ~,:~~.:.,?~:.-~---..,:~~.~~........-~------
! iT. LUCI: ~,~t1N Y FLA.
! qpc~a ••.~;T~4$ Notary Public
C~ERr. UiT COURT State of Florida at Large.
RfC4F.~j V~ R •i~0.....~.~~..
My commission expires : 3- 23-7 7
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Darrell Fennell ~ ~ ~
% liu /rir/ni~ru•~N ~r~- ?~ur~l l~ 1
f f ~ P. 0. Box 760 . ~
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:1 JJrr.cr ~ Qt ~ Bea c h F 1 2 9 6Q,. ~ `~~A ,
~ E~0 Z2I PAG: ; ~V~ ~FFI~~A~
R..L.~~~~i ROOK t'!?..r ~3
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