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on~l sh~ll pi~r(u~m. comply u,i1h an~l abide by ea~•h and PVP~y. I~P agreements. stipulatio?ia. condilions und
~•o~~enants iher~o(. and aJ ihis morf~~nc~p, thpn Ihis mwl~~age and t1~R estate {~ereby creale~, shal~ cease, cre-
iermine an~ ~?e ru~~~ an~~ ~•oi.~.
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~n~ !hP murtga~~or ~~e~~~tiy (urfher covena+~ls an~ agrees !o pay prompt~y u~hen due the prt?icipal and
inferesl anc~ uf~~er sums o~ money provi~Iecl Jor in saicl nofe and fhts mortgage, or either; fo pay a~~ and
sin~u~ar Ihe f~.r~s, ass~ssm~~nls, ~evies, ~ia~~i~sli~s, oh~i{~alions. and encum~rnnces o~ every nature on said pro-
pertv; lo permit, commil or suf~e~ no u~asf~, impairment or c~eteriarafion o( said ~and or t~o improvemenfa
f{~Precn al any time: to ~C~~p f~~e tiui~~~in{~s nour or ~iert~a~fe~ on sait~ ~an~ (u~~y insuret~ in a sum o~ nof ~ess ~
thnn ~'()I,L INSURABLE VALUE.
in a compnny o~ i-om~wnirs ACCP~)IQ~~Ie !0 1{~e mo~fgagee. Ihe policy or policies to be he~d by, and paya6le
fo, saicl mortgagee. ane~ in f~~p ev~nl any sum oj mon~•y ~ecomes payab~e by nirlue o( sucti insurance tf~e
morlQa~~e shall ha~~e Ihe ~i~hl to rnceii~e a~d apply the same to the inde6tedness here6y secured, accounting
to I~e morlqa~or jor any surplus; to pay a~~ cosfs, c{~arges, and expensas, inc~uding ~awyer~s (ees anc~ fil~e
searc~es. reasonaE~Iy inca?re~ or pai~ ~~y itie morlgagee tiecause of ftie jai~ure o~ ttie morlgagor fo prompt~y
an~ ~u~~y comp~y u~ilti Ihe aflreemerifs, stipu~atio~s, conc~itions ancr corenanfs o( said note nn~ fhis mo?fgage.
or eit~~pr: !o per(orm, comp[y u•ith and a6ide by eacf~ and every the agreemenls, stipu~alions, conditions and
coi~ennnts set forlh i~a said note. and tl~is mo~tgage or eilher. In the event t{~e mortgagor /oils !o pay u~hen
c~ue any tax, assessmpnt, insura~tce premium or other sum oj money paya6le 6y virtue of said note ane~ t1~is
~ morfgage, or PII~P~, 1{~e mortc~ag~P may pay ftie same, wilhout. u~aiuing or aJjecling Ihe opfion fo jorec~ose
or any other ric~{~t I~prnuncler, anc~ all sucl~ payments shal[ 6par inte~PSt (rom elate thereoJ at the highpst lau~-
~u~ rafe I~~en ~~oure~~ +~y f~~e ~au+s o( I~~P $fafe o~ E'~oria~.
lL nRy sum o( money I~erein re(erre~ fo he nof prompi~y paic~ within thirty (3~~ c,ays next njter
fhe same bacom~s c~ue, or i~ eacE~ and ~~~p~y ~hp agreempnls, stipulafions, con~Iilions an~ covenants oj said
nole and fhis morlgac~e, or PI~IIP~, are not fu~ly performe~I, compliecl wifh ancl abtded 6y, then Ihe entire
sum mentioned in said nole, and iF~is mortgage, or the enlir~e balance unpaid lhereon, shall for~l~with or
Il~ereaf ter, at Ihe option oJ the morlga~ee. 6ecome ancl 6e crue nnd ~ya6lp, anything in saicl note or herein
to l~e confrary notu~ill~stan~Iing. Failure 6y ihe mortgagee !o exercise any o( fhe rig~fs or options ~erein
pronicle~ s{~a~~ nof constifute a u~ainer o~ any rigtits or options un~er saitl nole or l~is mortgage accrued or
lherea(I~r accrtting.
~n ~itness ~hrreof~ t{~e said murtgn,yor I~ns I~erPUnlo signecl ancl sealed ehese presents il~e
~ay anc~ year ~irsl aho~+e u~ritfen.
Signed. sealed and delinered in Ihe p sence o{:
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; nice R. Miles
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STATE OF FLORIDA. ~ •
Cc~U:~TY nF ST. LUCIE
I HEREBY CERTIFY that on this day, betore me, an
o(fic~r duly authorized in the Stat~ a(oresaid and in the County a(oresaid to take acknowledgments, personally appearcd ~
RODNEY D. MILES and JANICE R. MILES, his wife
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to me known to b~ the person S deurib~d in and who ez~cuted the foregoinq instrument and Wh0 acknowkdged ~
be[orr me that they ~x~cuted the same.
~~'I7 i\F.SS my hand and official seal in th~ County and Statc last aforesaid this 3~Cil day of
~y A. D. 19 74 . _ :
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f IlEO ~ti ~ F: ~~J"~ED ~
St.IUCtE: ••:OUNtY FL~. ~
~,r ~ ?~:~STRAS
P~ „j~~UpT My Commission Expires:
CIErM• ~.t
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NOTARY PUBLIC. State ot Florida at l.arge
5 3iu P~{ My Commiss~on Er~~res December 18, 1976 ,,,,,,~~~F,~~ iii
6ondeC Thru AUTO.O~VNERS IHSURANCE CO. - /~~~'i; =,-,i~_` i
vw~ 2~~'793 ~ _ ~ ; ~.E ' #
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