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and shall pe~jorm, comply witl~ and abide 6y ~h nnd e~~ery the agreementi, stipulations, conditio?v and
coi~enants the?eof. and o~ thts mo?tgage, then this mo~tgage and Ihe e~tote 1~..~6y c?ented, aha~l ceass, d~- ;
1e~mine a~d 6e ni~ll a~d void. ~
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n~ fhw mortgagor hen+hy f u~!{~er covenants anc~ agrees to pay promplly when clue fhe principal unel
interest and ofker sums o( money provided ~or in said note and tkls mo~lgage, or eittier; to pay a~~ nnc~ ~
singu~ar f{~e faxes, as3essments, levtes. Iia6ilities, ob~igations, and encumbronces o~ every nature on tntd pro- ~
perty; to permit, commlt or su(Jer no waste, inepairment o~ c~etertomtion o~ saicl land or fhe improvements ~
ther~eo~ at any time: !o lreep the 6uildings now or herea~fe~ on ~a~d bnd /ully insu?ed in a ium oj not ~ess f
~I~an One Thousand and no/100--------------------------' ~
in a company or compantes accepta6le to the mortgagee, the policy o~ policies to 6e heW 6y, and ~ya6le ;
!o, said mortgagee, nnd in Ihe event uny sum of money becomea pnya6le by virtue of sucl~ insurnnce t?~e
mo?tgagee sha~~ have fhe rigtit to receive and apply tl~e same to tl~e inde6tednesi here6y aecured, accounttng ~
!o f{~e mortgapor ~o~ any surp~us; to pay a~~ costs. c~ar+ges, anc~ expenses, inc~tu~ing ~awyer a~ees and tit~e z
searc{~es, ?easonably tncnrred o~ paid 6y the mortgagee becnuse of the Jatlure o) the rnortgago+' to prornptlJr
anc~ ~u~~y cump~y with the agreements, sfipu~ntions, coni~iltons and covenants oj said note and thti mortgage. ~
or either: to perJorm, comply wtth and abide by each and every the agreements, atipulations, conditions and ~
co~~enanls sef jorlh in said note and tl~is mortgage or eitker. In the event the mortgagor jails to pay when `
due any tax, asses~ment, insurance premium or otlte~ sum o~ money paya6le 6y virtue oj said note end tl~ia
mortgagp, or eifher, ftie mo~tgagee may pay t~e same, wilhout waining or oflecfing tke option fo Jorecloae
or any other rig6t hereuncler, and alI such puyments shall 6ear interest (rom date thereoj at !he highest Iaw-
' ~u~ rate then al~ou~ed by ~I~e laws of the State oj Florida.
7l any sum o~ money I~erein re(errecr to 6e not promptly paid wifhin thirty daya next ajter
thP snme 6pcomes due, or iJ each and every the agreements. sfipulations. conditions and covenants of said
note and tf~is mo?tAage. or eitF~er, are not ~ully per(ormed, complied with nnd a6ided 6y, then ti~e entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid theneon, shall forlhwiih or ~
f~erea~ter, al t~e option oJ t~e morlgagee, become and 6e due and paya6le, anq!{~ing in sntd note or ~erein ~
fo t~e contrary notu~ifhstanding. Failure by tl~e mortgagee to exerrise anr oJ the rig{?ts or optioru here~n
proitic~ecr s{~a~~ nof constitute a u•ainer o( any rig~fs or options under sait~ nofp o? ftiis enortgnge accrued or ~
t
f{~eren~fer accruinA. y
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~n ~~lll~ ~hereof~ thp satd mortgagor {~ns I~ereunto siqned and sealed these presents the ~
I cray an~~ year Jirst ahoi~e u~rittpn. ~
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Sl~l1P[~: SPA~~ and delli~P~P~ !/1 t~P P~PSPIICp OJ: - I
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STATE OF FLORIDA, ~
COL'1TY nF St. Lucie ~
~ I HEREBY CERTIFY that on this day~ be(orc me, an
officer duly authoriz~d in the Stat~ aforesaid and in the County aforesaid to tak~ acknowltdgments, p~rsonally appeared
Grover Durham, a single adult
to me knovvn to br thr person d~scribed in aud who eaecuted the fortgoin,q instrume~t and he acknowltdged
I before me that he ~x~cuted the same.
~~'ITKESS my hand and official seal in the Count~• and Statc last aforfsaid this 21St d~Y ~ , ~
March 19 74
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