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anc~ sha~~ pe~(orm, comp~y wilh and a6~de by ~h and e~~ery I~e agreements, ~tipu~atIon's, condllio?u and
corenants thereo~. and oJ this mortga~e. Ihe~ this mortgage and tl~e estate kereby creafed, ~hall cease, ds-
iermine and be nul! and iwId.
~ Ihe mortgaflo~ hen?6y f
urtf~e~ covenants and agrees to pay promplly wken due the prtncipnl and
inleresl and other sums o~ money provtdec~ lor in tata nofe and thit mo~lgage, or eilhe?; fo pny c~l aru~
singu~ar t~e ta.res, assessmenls, ~evies. Iia6ililies, o6ljgnttons, and encum6rancea of every nalurs on snid pro-
perfy; to permil. commif or sia~jer no waste, impai~ment or detertomfion of satd la?~d or !he improvemertb
Ihprccn al any fime: fo keep the butldings now or herra~ler on said land Ju~~y insurea in a sum o~ not ~est
than g~,y INSURABLB VAI.UE.
in a company or companies acceplab~e fo l~e mwtgagee, t~e po~tcy or po~icies to 6e held 6y, and paya6le
to. satd morigngee, an~ in fhA event any siun oj money becomea paynb~e ~iy uittue of suc~ insumnc~ t~?s
nastgngee shnll have tf~e ri9ht to receive and npply the same to the ir~de6tedness here6y secured, accounting
to the mo?tga{1o~ jor any su?plus: fo pay a~~ cosls. c~arges, and expenses, lncluding ~awyer s Jees anc~ tif~e
seorc~es, reasonn6ly incurred or paid 6y the morfgagee because o~ the ~ai~ure of the mortgagor to prompi~y
and ~ully comply wi!{~ fhe agreements, stipu~ations, conc~ifions und covenanls o( said note and this mortgage,
or either; to per~orm, comply with a~d a6ide 6y eac1~ end every the ag?eemenfs, stipu~ations. oonditions and
covenants set ~orfh in said note anc, i~is mortgage or eit~er. ln fhe euenf f~e morigagor `oila to ~ny tir~en
due any tax, assessment, insurance premium or other swn oJ money paya6le 6y vtrlue oJ said note and this
mortgage, or either, if~e mo?tgagee may pay t~e same, wiftiout u~aivtng or a~lecting lhe opflon to lorec~ose
or any other rigl~f herpt~nder, and all such pnymenta sknll 6ear interest /rom date thereo) nt the l~ighest [aw-
~ul rate ttien allowed by t1~e laws o/ the State o) Florida.
any sum oj money hp?ein re~errec~ to be not prompt~y paid with~n thirty (30) days next a~ter
t{~e same becomes crue, or i~ each ant~ every t~e agreemenfs, stipu~ations, cone~itions an~ covennntt ol said
note and this mortgage, or eitl~er, nre nol f ully perjormecl, ~~pl~gd wtth and a6~ded 6y, tl~en the enfi?e
~um ment~oned in sa~d note, ond this morlgage, or t!~ e ent~~ 6nlanc~e unpaid t6eneon, shail Jort?~with or
thereajte~, at Ihe option o~ the mortgagee, b~o~e and 6e due and ~ya6l~..anythtng in said note or herein
to t{~e contrnry notwil~slanc~ing. Fai~ure ~y t~e mortgngee to exerrise an~+ o` t~e ?ights or opttona ~e?ein
prouided sha~~ nof conslitufe a waiver o~ nny rig~ts or options under said note or t~is morigage accruec, or
fhereaf fer accruing.
~n ~~~Q~ 1he said mortgagor has he?eunto signed nnd sealed lhese presenls the
~ay anc~ yenr ~irst above u~ritten.
Signed, sea cfplinered in t pr~sence o•
! /
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F e ~H. S th
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, vian H. Snith
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STATE OF FLORIDA. ~
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that oa thu day~ before me. aa
afficer duly authorized in the Stat~ aforesaid and in the County afotesaid to take acknowkdgments. pertonally appeared
FRED A. SMITH and VIVIAN H. SMITH, his wife
to me known to be the person Sdescribed in and who esceuted the foregoir~ instrument and WilO acknowkdsed
beforc me that they ~xecuted the same.
WI7'NESS my hand and official seal in the County and State last aforesaid this 23rd d~Y ~
~y A. D. 19 74. ~ ,
,
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]VOTARY PUB..IC, Sl3'C' ~':.•~ta i.~fpe
My Comrrti~,:o~ E.,, u. .-.,,r :~s, 1976
Bosded Thro AUTD~G'hC~ERS iNS~„H4riCc CO.
R~~ KE~JRD`~ ~ ...,~~+tu~~~
s~~~uc~E r•out~sY F ~ ~ 39 • ''~i,
~oc~ ~ cos4t ~ ~y~ .
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