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anc~ sha~~ per(orm, n~mply will~ and a6ic~e 6y eocl~ and every t~?e agreemenfs, alipulafioris, conditions artc~
co~~enants thereo(, and of this Mortgape. lhen this mwlgage and !he estats 1?ere6y created, shall cease. de- ~
fe~mine ancr ~~e nu~~ antr volc~. ~ ~
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~n~ fhe mo~tfla~or ~ientiy ~urlher rnuenunls onc~ agrees to pny promplly when due Ihe principnl and ~
inte?rsl ancr olher sums o( money proi~ided (or in said nofe ond t~i~ mortgage, or eilher; fo pay a~~ ar?d ~
singular tF~e taxNS, assessmenls, IPVlP3, lia6ilities, obli~ations, and ~ncumbr+ances o~ every nature on saic~ pro- ~
pe~fy; to permil. commit or suj(er no wasle, impai?ment or deteriornlion oJ said land or the tmprovements
1{~Precn at 1111y ~lfl'IP: to ~PPP IIIP bui~din~s nou~ or herpnjt~r on ~aid ~and /u~ly insurecl in a sum o~ not ~ess
~han FULL INSURABLE VALUE ~
in a company or compani~s accepta6le to the mortga~ee, the policy or policies fo 6e held 6y, and paya6le
!o, sai~ mortgagee, an~ in ttie event any sum oJ money tiecomes ~,ya6l~ by virtue o~ sucti insurnnce the ~
morlflagee shall hare tl~e right fo receive and apply the snme to the inde6tedness here6y secured, accounting
to f~e mortnn~or jor any surplus: to pay a~~ cosls, charges, and expertses. inc~uding ~awyer~s fees and tif~e
searr~PS, reasonaf~~y inc~ure~ or pai~ by ftie morfgagee because of fhe ~ni~ure o~ the mo?Igagor !o prompt~y
and ~u~~y comp~y wifh !{~e aflreements, sfipu~afions, condilions and coi~enants of said note anc~ ({~is morfgage,
or either, fo perJorm, romPly ~~~~th and a6~de 6y pa~f~ and every !~e agreemenls, stipulationa, conditions and ~
coi~enanfs set fortti in said note anc~ this mortgage or either. In the event the mortgagor faiu to pay when
due any ta.r, assessment, insurnnce premium or ofl~er sum of money paya6le 6y i~irtue of said note and this
mort~age. or eit~~er, f~e morfgagee may poy t~e same, wil~out u~niving or af
jecling the opfion to forec~ose
or any oth~r ri~~{it I~erPUn~e~, nn~ all such payments sl~all 6ear interest from date fhereo~ at ttie {~igf~est ~aw-
(u~ mte Ih~n a~~otre~l 6y 11~~ ~aws o~ rhp $tate o~ Florida.
D~ nny sum o~ mun~y ~~erein re(erretl (o {~e not prompt~y pnic~ wit~in TEN cjays next af fer
1{~e samp 6~~-omes due. or i~ euch and e~~erYullp aer ormecls com `Iiecl wit{~ anclf~a6 d d 6y. ~thennthe ~ ntire ~
note ~ncr i{iis morfgn~e. or PtIIIP~, are noi J y p J P
sum mentione~ in said note, ond this mortg~ge, or ttie entire ba~ance unpaicl lhereon, shn~I fortl~with or
6ecome and 6e due and paya6le, anything in said note or herein
t~ereaJter, af ftie option oj I~~e morfga~e~, ~
to I~e ronirary notwitl~stanc~in~. ~'ai~u?e hy ftie morfgagee to exercise uny oj t~e rights or opfions herein ~
pro~~i~~c~c~ sha~~ not cvnsfifut~ a u+aii~er oJ any rig{~fs or oplions uncler saic~ note or f~is morigage aCCIUPA or >
i~~ereajt~r accruing. ~
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~n ~itness ~~~0l~ t{~~ saic~ mortgayor hns tierPUnto signecl an~ spn~ec~ Ihese presenfs Il~e 3
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~ay an~~ y~ar ~irsl a~~o~~e ivriften. ~
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Signpd. se d ~l liv ~~I in ~ pre r o): ~
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PAULINE E. S H -
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FlLEO aN~ ~~COROE ~
<< r~t Y:~r ~E COIfNTY FlI?. ~
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CIE~K G CUt[ CdUaS
Rf_~OR3 VFR.t1E0.r~""~
g 44aK~~~
LORIDA ~
STATE OF F . ~ ~
COL~1TY OF S't. Lucie ~
I NEREBY CERTIFY that on this day, betore me~ an
offic~r duly authorized in the Stat~ a(oresaid and in the County a(oresaid to tak~ acknowledgmenu~ pcnonally appeared ~
~
JAMES C. SMITH AND PAULINE E. SMITH, his wife
to m~ known to b~ the person S described in and who exccuted the for~goinq instrument and t~le~/ acknowledged
befor~- mc that they ~a~cuted the same.
~~'["1~~ESS my hand and o((icial s~al in thc C:ounty and Statc last atoresaid this day o[
Apri 1 A. D. 19 74
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,~T ' ~r• ftOT;;RY ,-^~I~_ ~r. c;.',TE o! fCCR17A at lI:RrC
- ji~Tjf~lY.F'~~v~• i , ~~n'~y 2• i ~~Y C V 1 F'z{ : ~ !~I'G. ~I. 1175 1 ~ .
!dY G~ ~ . E,:...:~ - -
r~Brr ',.~t~ O ~ -
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R1C}iA~D D. SNEED, 1R.
Att~rrey At ta:r .
7~!) ~;~~ir;~ Ave.
"/%is I?ulnimrn~ pr~~nn-rl l~y: S;;n Q3rk Gi~g. - SUit2 1~`z 9001f~~.?lJ PAGE i
,~,/,/n_~ Fort Pierce, Fla. 33=~5~ ~~4
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