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and shall perjorm. comply u~ith and abide by each and every Ihe agreements, stipulations, condilions and
covenanfs Ihereo~, anc~ o~ this morfgage, tl~en thia morlgage an~j fhe esfafe tiere~,y creal~c~, sha~~ CP(15P, c~e- ~
termine and 6e null and ~~oid. ~
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Ii1~fi f~e mortgago~ here6y ~u~the~ rnvena~ts and ogrees to pay promplly when due f~e prtncipa t
interest and ol/~er sums of money proui~ecr (or in saicl note ane~ if~is morlgnge, or eifhe~; fo pay a~~ anc~ ;
sin~ular Ihe taxes, acsessments, leuies, lia6ilities, o6ligaiions, and encumbranres o~ ei~ery nafurEe on saicl pro- ~
perty; to permit, commit or suj~er no wasfe, impairment o? c~eterio?ation oJ sai~ ~anc~ or the ir?iprovemenls !
Ihe?eon at any time; to lreep ihe 6uilclinfls now or herenjtPr on said land jully insun•d in a sum oj not less ~
1+. ...t~....a. :.+e..r~1.1 e •sa 7 ~~o ~-l~+ornnf ~
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I in n company or companies accepta6~e to fhe morigagee. Ihe ~l~~y or policies to 6e h~ld by, and payaE,le _
to, said mortgagee, and in the event any sum o) money 6ecomes payable 6y ni?tue oj such i?isuronce the `
morlgagee sl~al[ have tF~e riflht to receiue und upply fhe same to the in~e6tec~ness {~ereby s~cured, accounling
fo ttie morlgagor (o~ any surp~us; to pny a~~ cosls, charges, ane~ expenses, inclut~ing ~au?yer~s ~ees an~ lif~e .
seorches, reasona6jy incurred or paitl by Ihe morlqapee 6ecausa oj the ~ailure oJ Ihe mortgogor ro promptly ~
anc~ ~u~~y comply wifti ttie agreements, slipujations, conditions nn~ covenanls of saic~ note and this mortgage,
or eiiher: lo perJorm, comply wifl~ and a6ide 6y eac1~ and every fka agreemenis, sfipulations, conc~itions and
couenanls set ~ort~ in soic~ note and fhis morf{~age or either. ~n the evPnt f{~e mo~tgagor ja~l~_to ~xiy u~{~en
due any tax, assessment, insurance premium or of~er sum of money paya6le. by nirfue o~ snid note and fhis ;
morlgafle, or eifher, the mortgaflee may pay the same, u+if{~out waininfl or a(~ecfing f~e option to ~orec~ose .
or any_ otl~er rigf~l bereunder, anc~ all sucF~ payments shall bear interest Jrom c~a1e thereo~ at the higl~est Iaw-
/ul rate IF~en alloivcKl by ilie lau~s o( f{~e Sfa1e of Floridn.
~L any sum o~ money herein refCKPC~ fo 6e-not pro:npl~y paic~ u~it{~in ~'1].rty days next after
the same 6ecomes due, or i~ each and every the agreements, stipulations, condiiions and couenants o/ said
~iote antl this mort~age, or either, nre no! )ully performed, compliecl with and a6~d~d 6y, then t~e enlire
` sum mentioned in said note, and ~l~is morlgafle, or Ihe entire 6alance unpaic~ thereon, shall jort{uuilh or
IF~e~ea~ter, at t6e option o~ the mortgagee. become ancl 6e ~ue and paya6le, anything in said note or {~erein
( to 1{~e contrary notwithstanding. Failure 6y thp mortga~ee fo exercise any oj ttie ?ig{ets or opfions ~erein
provic~ec~ s{~a~~ nof constitute a wainer oJ any righls or options unc~er saic~ nofe or~ t~is morfgape accruec~ or
~ 1{~ereafter accruing. •
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_ : ~n ~(ll`~s ~IKiLOL t{~e morlgagor has cause~ f~ese presenfs !o
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~~46• E? be execuied in its name, and its corporafe sea~ to be hereunto aJ~ixed, by ils
1` proper o~f icers fF~ereunto ~uly atdf~orized. IF~e day anc~ year (irst above u~rilten. ~
~ ~~'''~~euu.,.•~~ • ~ j • i
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~ ~ J% ' COW CREEK RANCH, INC.
~ ATTES"~- ~ - - _
- Jo ~n ~ . Sloan, its ~?A~ - ~ `
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~ Signed, sealed and cleliver~ in tl~e presence o~: ;
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f ~ ~~y_~..~~_...---- •---......~~c~------•-•-••--•-----•---•-•-----••- ~
-----,,,.r:.C~.:=--•'`=`'----- -:~--L~~~iz:=-==---------------------~ T. L. Sloan, its r~.«an,~ ~
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' - -~-4 ~%f~~-~.:r----------------------~ .F ED AH~ ECOR r
~ ~ ~ ~~UCti ~~q~1T.3' , , . ~
~ ' ROCCR PQiTRA~ C~'
~ CLE~K i,~-~CVtT CQt~-- ~
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I ~~Q FLORIDA ' _
~ ~UIt~ Ol ST . LUC IE i~~~s~~
~
~ I HERF.BY CF.RTIFI' ~ha1 on this day. before mr. an o((icer duly o~d{~ai:rd in ll~e ti~at~ a?~ roanly a(oresuid to lalrr ac4nou~edg-
~
~,~.n~s. ~.~t~y ~a~..d T. L. SLOAN and JO ANN R. SLOAN
~J ( U~~ ~lWY'!t ~O ItK ~O ~~~1! (~ff4OY/1~ NIf~ Secretary rr.yxclirrly OJ ~~P ('0/(~W4~IOI~ /WI1V~ OS
1
I morfgogor in fhe jorrgoing in~tn~menl. an~ Itiel If~~y svrvra~~y ac~nouded~d ervculing Itir wme, in 1~ {urserter oj lu~o wbscriEring uilnrs.xs.
~ree~y ww~ t~o~unlari~y u~u~er aut~o?i1~ du~y t~este~ in Itirm tiy sai.~ n~r~.oralion an~ ttinf ttir sva~ a(fixed 1{w~rto is Ihr Iniv co?po?alt xa~ o~
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~ ~VR~'~~FSS my {~ond and oj~icia~ sea~ in l~e ~~qrnly and ~late ~as! n~wrwid I~i~ ~ L- day o~ V uly .
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~ - -------------~---------~~~a ~tof---Florida---at -
~ ~ , - . NOTARY PUBLIy', St _
~ ~ ~ Large . ~rt
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~ _ ~ _ My commission expires . ~
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~ ~~''~~~~~~~~n~??~.~~'~ BGOK~O PaGE ~J~ , ~
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