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an~ stia~~ per~o~m, comp~y wif~ anc~ a6ide 6y each an~ e~~ery f~e agreements, sfipujalions. co~difloni and i
covenants thareoj, and o/ this mo?tgage, tf~en Ihu ~norteaAe and tl~e ~atuts hsroby created, ~hall cews, de- ;
termine und be null and void. ~
~ thw mortgagor hewby (urther covenanlt and a~ee~ to pay promptly wl~en dus ll~e p~ncipal and
tntereat and other sums o~ money provided ~or in aQid nofe~ nd t~b mortgugs, or eifi~er; fo pay a~~ and
singuliu Ihe tnxe~, assessments. ~eoies. ~ia6i~ities, o6~lgnNon~. nd encumbrances of s~sry nalun on iatc~ pro-
perty; fo permil, rnmm~f or su~~er no waste, tmpatrment ur ete~toration o~ :~td bnd or itis improvemenb
Ihp?eon uf any time; to ~eep tl~e bui~ings now or tiereafter on eaid land ~ully i~su~ tn a swn o~ not ~esi
ehan Twenty Thousand and no/100--------------------------- ~
in a compnny or com{wnies ac~ceptab~e to f1?e mo?tgagee. !he po~tcp or po~icies to 6e heW by. nnd pa7rab~e
to, said mortgogee, ane~ in fhe evant any sum o~ money becomes ~ya6l~ 6y virtue of auch insurance ftie
mort9aaee sl~al! have the ?ight to recetve and apply the same to tl~e inde6tedness kere6y secured, nceounting
to the mortgagor for any surp~w; fo pay a~~ c~osts. c{~argea, and expenses. inc~u~ing ~awyeri jeea nnd tit~s
searches, reasona6ly Incurrecl a~ paicl by tlte ntortgagee becutue o~ t~te ~ai~ure o~ Itie morfgagor to prompl~y
and J«lly comply wi11~ the aereements, stipulutiona, conclitio~ and rn~enants o~ said note and this mortgape,
or nit~er; to per~orm, comply wifl~ and a6ide by each and every !he agreemenft. aftpu~ations, eonditions anc,
corenanls set jo?tl~ in said note a~d t/~is mortgage or eithe~. In the event the moetgagor jaib to pny mhen
dus any tax, assesament, insuranoe premium or other sum of mo~er rxiya6l~ 6y virtue o/ sutd note ond this
mortgage, or eifher, t~e morfgagee may pay f/~e suine, wtthouf'waluing or n~lecting tke optiort io ~orec~ose
or uny other rigl~t Itereunder, and all sucl~ payments skall ben~ inte?+esf (?om date thereo) at the I~ig6est lau~-
(ul rate tF~en allowed by tl~e laws oj the State o~ Florida.
any sum o~ money he?ein re(e~re~ to be not prompt~q paid wit~in thirty dnys nexf alter
thp same becomes due, or if eacl~ nnd every the ng?eemenls. slipulations. eondilions nnd eovenanb oj said
nole and t{~is mortgage, or ettl~er, are not /ully per/ormed, compliecl wit6 and a6~ded by, then tke enttre
sum mentioned in raid no1e, and fhis mortgage, or the enlire 6alance unpaid thereon. :hall ~orthwith or
Il~ereaf ter, nl the opt~on o~ the mortgagee, become nnd 6e due and paynble, anyt6ing in sald note or herein
to !~e confrary notwitl~standing. Failure by tl?e mortgagee to exer+cise any of fke rights or optior~t heretn
provi~c~ sha~~ not constitute n waiuer o~ any rig~fs or oplions under said note or fhis rr~ortgage accrued w
Iherea~fer accruing.
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7n Z{/~LI{~S !he snid mortgagor ~as hereunto signed ancl sea~ these pretents fke -
cjay an~ ypar ~int aboi~e u~riften. I
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Signed, sealed and delinered in~ the presence o/: f
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~ STATE OF FLORIDA, ~
COUNTY OF St. Lucie ~ ~
I HEREBY CERTIFY that on thu day, be(ore me, an
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o(ficer duly authorized in the Stat~ aforesaid and in the County aforesaid to ute acknowledgments~ personally appeared ~
Arthur C. Gravatt and Margaret H. Gravatt, his wife ~
~ to me known to be~ the person S d~scribed in and who ~:ccuted the loregoing instrument and they actnowkdged ~
~ before me that theyx~cuted the same. ~
~ WITtiESS my hand and o(ficial seal in the Count~ and Stat~ last afor~said this ZZRC~ day of ~
~ March A. D. 19 74 _ i
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