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an~l shal~ pe~Jorm, i•ump~y ~vilh an~l n6i~1~ ~y PaC~ and ci~ery t{~e ag?eemenls. slipulatio~is. conditioru and
CAITPIIp11~5 I~IPI('UI, Qfl(~ O~ ~~IS n~orlf~as~e. ihPfl ~~IS IIIO1~{~11~~P Alll~ ~~P esfate ~IPfP~y CMpIP~. 3'IQ~~ CPQSP, dB-
~P//lII/IP A/I~ ~)P IIII~~ Q/I(~ 1'UI(~.
IU~~ I~~P morfga~~or ~i~mtiy (u~t~?er coi~~nanfs nnc~ agrees to pay prompl~y u~hen c~ue ~hp Pr~~«~Pal and ~
interns! anc~ af~~~r sums o~ mon~~y proi~i~~~~I ~or in sai~ note anc~ ftiis mo?Igagp, or eifher; fo pay a~~ and
sinc~u~ar !h~ fnx~s, nssessmenls. ~evies. ~ia~~i~ifi~s, of~~iflntions, anc~ encum~,rnnces o~ every nafure on said pro- i
perly: fo permit, commit or sujjer no u~ast~, impairment or ~eferioralion o~ saicj ~ancr o~ Itie impronements
I~1PM~•/I O1 (111Y ~IIIIP: ~O ~('Ph ~~IP til!!~(~/IlqS ?IOIU OI ~IPMdJ~1'~ A11 cnl~ ~Q~I~ ~Il~~y ItISUlP~ 1/1 Q Sl/?1'1 O~ IIO~ ~PSJ ,
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, highest insurable value . ~
in a i~ani~wnY or ~•ompanic•s ACCP/)~A~~~e fo Ihe morfc~ag~e. the po~icy o~ policies !o ~~e tie~~ ~y. an~ payah~e ~
fo, sai~1 mortc~a~~e, and in Ihn eaenl any sum of money becomes paya6le by i~irtue o~ such insurance ihe ;
mortc~au~e sl~nll have !he right lo ~PfP11~P and apply fF~e same to the inc~e6teclness hereby secured, accounling =
to f~~e morf~n~~or (or any curplus; lo pc~y a~~ ~-osfs, c~~a~es, nncl expensPS, inc~uc~ireg ~awyer~s ~pes an~ tii~e '
search~s. ~pason~~?~y incurr~c~ or pai~ E~y If~e mortflagpe h~cause oJ Ihe lai~ure o~ fhe morigaqor to prompt~Y ~
an~ ~u~~~ comply u~it~~ f~ie a~reem~nfs, slipulalions, conclilions an~ corenants oj saic~ noie an~ ftiis mo?tgage, ~
o~ ~il~~er; fo per(orm, cumply u~it{~ ancl al~i~e by each an~ Pvery fhe a~reemenfs, slipu~alions, conc~ifions and ;
covenants set fort{~ ir~ said note ond lhis mortgage or eitl~er. In the ruent the mortgagor fails Io pay u~hen {
clue any ta.r, ~csessmc~nf, insurancp premium or ofher sum o( money p~ya6le by nirfue o( sai~ ~wfe anc~ lhis ~
mo?fnage, or eit{~er. Il~e n~orlc~a~iP~ may pay fhe same. u~ittiout waiving or ajjeclinfl 1{~e oplion lo lorec~ose ~
or ~ny o1{~er rittE~t {~Pr~urider, antl aII sucl~ payments shall bear interest ~rom rlate Ihereof nf fl~e 1~ighest 1au~- ~
(ul r~le Il~en allou~e~l by Ii~~ Inirs o~ tl~e Stale o~ Florida.
Dl nny sum o~ mon~y h~rein r~(errn~~ to ~e ?iot prompl~y paic~ within ten trays nexl n~ler
Ih~ samP I?t~-om~s ~u~, or i~ eac~~ ancl ei~ery 1I~e a~reemPnts, slipulalions. condiiio?ts an~~ conenanfs o~ sait~ ~
nole and lhis morlga~~~~. or eiili~r, or~ not ~ully p~r~ormed, complipd with ancl a6ided by, then !he enlirP #
s~im mentioned in said not~, and lf~is morlgage, or the entire ba~ance unpai~ tf~preon, sf~all /orlhu~ilh or °
f~ereaffe~, al Il~e option oJ 1{~e moriga~eP. {>ecome an~ ~n due and paya6le, anyftiing in saic~ note or herein
fo 1~~ confrary nolu~ilhstari~ing. ~'ai~ur~ tiy f{~e mortryagpe to pxercise any of the righfs or options ~erein
pronic~c~ sha~~ nof concfilule a u~nii•~r o~ nny ri,ryhls or options unc~er saic~ note or t~is morf~age nccnie~~ or
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f{eernajl~r accruing. x
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~n ~Uitness ~hereof~ ~~1P Sfll~ morfgagor ~1(IS ~1P~PUfl~O SIf~I1P(I (1?t~ SP(1~P~ f'1PSP presenis /~P
~~ay an~ y~ar ~irsf a~~o~~e u~riflpn.
$ignec~. sPa~~~~ anc~ ~~~i~~~ ~ in Iti~ pr~senc•P o~: ~
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Richard A. SpenLFer
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Linda Mae Spen r ~
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STATE OF FLORIDA, ~ '
~ cc~r~TV c~F ST. LUCIE
I I~ERFBY CERTIFY that on this day, betore me, an
officer ~ulr authorized in the State afor~said and in the Count~• aforesaid to tak~ acknowledqm~nts, penonally appeared
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~ Richard A. Spencer and Linda Mae Spencer, his wife
~ ro m~- known to hr th~ person gjescribed in and who ~arcut~d the [or~¢oin¢ instrument and they a~qpwr~ea'qld.
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~ befor~~ mc that they ~x~cuted the same. . .
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~~'I7:\ESS m} hand and of(icial seal in thr County and Statt• last 1~OiP531fI this .7 ~d~Y-~o~'• = ~
~ March A. D. 19 74 ~
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r;.; THIS INSTRUMENT PREPARED BY : _ ~ - . - - -
- Emory C. Teel, III, Esquire Notary Public, State ~ l~or.id~-? '
s FEE, PARKER & FEE, P. A. at Large. ~'~.,,,v ?
_ 121 Orange Avenue My Commission Expires: /a i ~
FIRST FEDERAL BUILDING ~
Ft. Pierce, Florida 33450 No~ory Ouf~f~c, s?v~ eo c~or'dn a~ ~
Idy Comm~.;ion Eapires D~c 17. 1l~7 ~
't fIIEU ANG ~tECOFt0E0 Scnded by Ame:`cun FL- b C~~•u~l'r C, #
' St.~UCIE CaUNTY fLA. i i ~
~ iiOGER ?OITRAS
CIEFK C~1CUC[ COURt ~
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