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und shall per/orm, comply with and u6tde br each and e~~ery the agreements, stipulatio?is, condiltons and ;
coi~enanfs ~hereo(, and oJ ll~is mortgas~e, then 1h~s mortgage and tl~s sstate here6r created, :I~all cease. d~- ~
!e?mine and be null an~ i~oid. s
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!he mort9aflor he~eby (urthe~ covenanls ond agrees to pay promptly u~hen due tl~e p~tnctpal and
interesi and ofher s~~ma o) money provi~ed ~o~ tn said note a~d t~is ~norlgage, or either: fo pay a~~ and
singu~nr f~e la.rps, assessmenls, ~evies, ~iabi~ities; ob~igafions, and encum6~ncea oJ every nalure on said pro-
perly; 'fo permli, commif or suj(e~ no wasfe. Impairmenf or deteriorotion of saIc~ ~and or fhe improuementa
f1~er~ecn at any fime; fo ~PPP IF1P bui~c~ings now or he~a(ter on ~atd bnd /u~~y Insured In a su~n o( not ~ess
than
in a company o~ companies accepfa6le to the mortgagee. !he pollcy or poltcies 10 6e held by, n~d a,ya61~
to, said mo?fqnqee, and in fhe event any sum o( money 6ecomes paya6le 6y virtue of such instuance fhe
mortgagee shall have the right to receive and apply Ihe same to tl~e ~ndebtedness 1~ereby secured, accounting
to t~e mortga{~or (or any surp~us: to pay a~~ costs, charges, anc~ expenses, inc~uding ~nwyc~ s~ees and iti~e
searches, ~pasona6ly inciu?ed or ~,~d by ~he mortgagee 6ecause of 1he (ailure o/ the morlgagor to promptly
and.Jully comply with !he agreemenis, slipulalions, conditions and eouenonts oj said note and lhis mortgage.
or eiftier; to perform, comply iuith and a6ide 6y each and euery the agreemenfs, slipu~ations, conc~itions and
covena~fs set Jorth in said nole and this mortgage or either. In !he e~~ent !he mortgagor /ails to pay when
due any Iax, assessment, insurance premium or otl~er sum oj money paya6le 6y virlue oj snid nole and this
mortgage, or eiiher, !~e mortgagee may pay f~e same, wit~oul waiving or aj~ecting fhe option to (orec~ose
or any other riph! herpuncl~r, and all sttck paymenls shnll 6ear interest (rom date thereoJ at the highest Iau~-
f u~ rate Ihen allowecl by Ihe ~a~us o) tf~e State o) F~oricra.
~L any sum o/ muney herein re(erred to be not promplly paid within thirty (30~inys next a(ter
the same 6e~omes due, or i~ each nnd every the agreements, stipulations. conJilions and `conenants oj said
note and this neort~age, or either, are no1 /ully per~ormed, complied witF~ and a6~ded 6y, ll~en fl~e entire
s~:m mentionecl in saicl nole, and tl~is morlguge, o~ the entire ba~ance unpaid thereon, S?~all Jorthwifh or
t{~ereaJfer, nt the option oJ the mortgagee, become and 6e due and pnya6le, anytl~ing in said note or herein
to f~e contrary notu~ithstan~Iing. Failurp 6y tF~e morfgngee to exercise any o~ fke rig~ts or opfions herein
prot~ic~ed stia~~ not conslifufp a u~ainer oE any rights or options under saic~ note or I~is mortguge accrued or
thereaJter accn~ing.
~n ~~tnQ~ ~~~~1~ lhp sai~ morlgngor has hpreunfo sic~ne~ ancr seale~ t~ese presents I~e
~ay ancl year Jirst atio~~e u~ritlen.
Si~nec~. sea~e~ an~ ~eliverecr in t~e pr~sence o:•.•
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f - JO PH M I.LER
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~ STATE OF FLORIDA,
COU\TY nF ST. LUCIE ~
. I HEREBY CERTIFY that on this day~ before me, an
o(ficer duly authorized in the State aEoresaid and in the County aforesaid to tak~ acknowledgmenu, penonally appeared
ALLEN R. OSTEEN, JAMES E. I~TFIELD and JOSEPH G. MILLER
to me known to br the prnon S described in and who eaecuted the for~goinq instrument and they acknowkdged
be(orc me chat th@y ~x~cuted the same.
~ N17';`ESS my hand and official seal in the County and State last aforesaid this s~ day o[
~ ~'ebruary A. D. 19 74.
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Notary Public Sta e of Flori a
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, " at Large.
~ ~ ' My Commission Expires: ~ « ~1
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