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eui~ shull pr~Jorm, i•omply u~ifh an~ abide by ench and every the ag~eements. slipulattons. condilions and ~
conenants Iher~oj. ane~ of Il~is morlf~cistp. iF~en t{~is mw'tgaf~e and Ihe estate hereby createt~. sha~~ cease, t{e-
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~n~ t~~P murlgagor ~~emby jurther cuv~nanls ancr agrees fo pay p?ompf~y wl~en clue II~p principal ane~
inte~sl an~ o!{~Pr sums o~ money provic~c~cr f
or in sai~~ nole and itiis mortgage, o~ eilhe~: to pay a~~ and
stnnu~nr the la.~es, assessmenfs, ~rvies, ~iahi~ili~s, oh~ipations. and encumbmnces o~ every nufure on said pro-
perly: fo permit. commit o~ suJjer no u~asle, impairment or deterioration o~ saic~ ~and or Ihe improvemenls
IhNmcn at any lime: fo ~PP~1 1IIP buildir~ns nou, or herc~(t~r on said la~d f idly insured in o sum oJ not less ~
~I~an maxium insurable value. '
in a compnny or compani~~s acc~pta6le lo Ihe mortfla~ee, II~P policy or policies to be held by, and paya6le i
to, sai~ morigagee. anc~ in f~e event any sum o( money becomes paya6[~ by virtue of such insurance I~e
mort~agee shall hai~e the ri~ht to rnceivP ana onPly ~hp :nmp to the intle6letlness here6y secured, accounting
fo t{~e morlflanor Jor any surplus: !o pay a~~ cosfs, char~es, unc~ expenses, including Iowyer's fees and fif~e
sea~r{~es, reasonatily incurrPCl or paid by ~hp morfga~ee tiecause oJ Ihe ~ai~t;re oj f~~e morfgaflor to prompf~y
arac~ JuIIy c•omply wit~ f~e a~reeme+~ls, stipu~nfions, conailions and co~~enanfs of saic~ nole anc~ I~is morfgage.
or either; to pPrJorm, ~-omply u~ith and abide 6y each and ~very 1{~e agreements, slipulations, conditions and
corennnls s~t (orth in said notp and this mortgage or either. In the event the morlgagor fai~s to pay when
due any tnx, assessment, insurancR premium or otl~er sum oJ money payable 6y virtue of saic~ note and tF~is
morlgage. or ~il~~er, l~ie morfgagee may pay Ihe same, ivifhout «?uiving or aJ(ecting if~e opfion io ~orec~ose
or any olher rictht her~under, an~ all such payments shall bear interest from date thereoJ at the higl~est Iau~-
(u~ rafe I~~~n n~~otir~c~ {~y 1~~~ ~atus oJ I~e Stafe o~ t'~ori~a.
D~ any s~em o~ money {~erei?i re(errerl lo be not promplly paicl within thirty days nexl af ter
ihe same 6ecom~s due, or i~ each and every IF~e agreements, stipulafions. conditions and c-oi~enanfs o( said
note anrl this morlga~p. or eithpr, a~e not f ully perjormed, complied witF~ and a6ided 6y, tF~en Ihe entire
sum mentioned in said note, and t{~is mortyage, or tF~e entire balnnce unpaicl Ihernon, shol~ forthwifl~ or
tl~ereafter. nt Ili~ option of the mortguge~. 6ecome nnd be due and paya6le, anything in saitl note or herein
to f~e ~ontrnry nolu~ithstnnaing. F=ailur~ hv t~e mortflagee to ex~rcise nny o~ the rig~ts or options herein
proniclecl s{~a~~ nof consfifufe a ivaii~~r o( any riryhfs or opfions unc~er saia note or fhis mortgnge accrue~~ or
t{~ernajt~r ncrruin~. ,
~n ~~tnL,s ~~~~~L~ f{ie saic~ mortynyor I~as I~Preunlo signpt~ an~ sea~et~ lhese presenls !tip
~ay an~ year Jirsf a~~on~ irrilfen.
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Signecl. se and cr~Ii~> ~c~ in prns ~ece oj: :
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, - ; Edwi:n L. Penland ~ .
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. ---i;inda-~p~enland~
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STATE OF FLORIDA, :
CnU~TY OF ST. LIICIE ~
I HEREBY CERTIFY that on this day~ before me, an +
o(fi~.~~yl~ta~athoriy~~,{~t}~L~,te ~(4rm~i~~ndeis ty~ County a(oresaid to tak~ acknowled.qmenu, prrsonally appeared
11V L Yra1~~J.t~1~u~ o lIil K110W11 i1S
EDfnTIN I. pgNLAND and LINDA PSNLAND. his wife,
to me known to br the prrson S described in and who execut~d the for~qoinq instrument and they acknowledgtd
befor~ me that they cxecuted the same. 3
~~'ITIESS m}• hand and of(icial seal in thc County and Strtr last afor~said this 23rd day o[
April .a. v. ~9 74. ~~j~~1•~~H ' `4
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No ry Public ' 'f, i:
State of Florida at ~a `.s~ ~
My Commiss ion Expire's ~ ~ `
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FIIED AE ~OUNTY ft~?•
St. ROCc?_PO~~itAS
CIER YEa;
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EO ~OU.+~„~~
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• , , 25 45 ~K'~~
7%rc lu~lna~rr~rl pr~ f?r1r~ d l} ~
,,,~,~n 28U514
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