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and shalt ~~er/orm, cor?~J?ly uid~ u~id uGid~~ 6~~ curh u~i~l rci•r~ tlu,~ tJ"fccu?e•nts, s/i~?ulafions. conclitioru an~l
couenants tl~crco/, and o/ this mort~;u~;e, ti~en d~is ~~+ort;;u~c urid d~c ~~sfut~ hcrcG~ crcatcd, shall cease, de-
termine arul Le null anc! void. ~ ~
~ t1~e mort~;a~;or l~ereby /urfl~er coue?wnts a~ul u~rces Io {wy pranpNy ichen due Nie principal a~ul
interest and other sums of nionetJ pruuided for in sai~l iw~e u?uJ tl~is mort~;u~e, or citl~er, to ~wy all a~ul
singular the taxes, assessi~~euts, leuics, IiaLiliflcs, oL/i~;utio~u, und cuau?~brances o~ cocry ~wture on saul prop-
erty; to pennit, comrnit or su8er ~w iccute, ini~wirment or tle~erioration o/ said land or ihe improuements
tl~ereon at ony iime; to keep tl~e buildin~s no~c or hereu/~er on sauJ la~ul fup~ iruured in o sum of not less
__a r..,, nre rc~n _ nnn _ nni _
{I14?~ 1~IiGti~.li aaivu~+wi~"v: ~+:~v: :~.:j ~ ~ ~ - ' ' •
in a company or comJwnfes acceptuble to d~e ~nort~;a~;ee, tl~e ~~olic~ or policies to ~l,e held 1~y, mul jw~~able
to, said mortga~ee, arul in tl~e euent any su~n of money l~ecomes JwyuLte by nirtue of suci~ i~uurnnce il~e
mortgagee sl~ail have t1,e right to rec.eioe and a~~~~G~ tl~e same eo the indebted?~ess 1~ereLy secured, accouMing
to the mortgagor /or any surpG~.s: to ~wy all costs, cliar~es, a~ut expcnses, incl~uling Iaicyer's fees anci title
sea~cl~es, reasonabl~ incurred or paid by ti~e mort~;a~;ee l,ecuuse of tl~e failure of the mortgagor to promptl,y
and /ull~ cornply tcith ihe otireen~ents, stipi~lateor4s, corulitio~u and cove~iants of saul rwte and t1~is n~ortgage,
or cither, to perforn~, comply icitl~ a?ul aLide liy cucl~ a~~d~ecery. tl~e agreements. stiNulations, corulitions and
cooenants set forth in saul note urut this mort~a~e or eidicr. In t1i~ ee~cnt tl~e mortbagor fails !o jwy ichen
due any tax, assess?nent, insurance premeum or ott~er sum of money Jwynble Gf virtue of saicl note a~ui t1~is
mortga~;e, or either, the mortgn~;ee mn~/ pa~/ tl~e same, uiN~out u~aiuin~ or a~ecting ihe option to foreclose
or any other ri~ht hereunder, arul all such paeJments sl~al! bear inter~si from dute tl~er~eof at N~e hi~l~est law-
fu[ rate tleen ollou:ed by ti~e lau:s of ihe State of Floricta. -
ani/ stnn of money I~erein referred to be nof prony~Ny Jwul icitl~in thirty days ncxt njte~
the sanie beco?nes due, or if each uncl et:ery the ngreements, stipulatio~u, co~ulitions arul couenants of said
note anrl t/~is mort~a;;e, or eitl~er, nre not fuU~ perfor~ned, compliecf uith arul abided by, t1~en t1~e entire
sune menteoned in saul note, u?ul this mortgage, or ihe entire balunce iu~~wul tl~ereon, shuA forth~cith or
Niereafter, at the oplion o~ d~e mortga~ee, l~ecome and Ge due aul payable, onytheng in said note or herein
to the contran/ not~cit/~standinb. Failure l~y the mort~;a~ee to exercise any of the riglits or options he?ein
prouuled sl~all not consfitufe a icaioer o/ nn~ ri~;hts or optio».s tinder said note or this mortgage accrued or
d~ereafter accruing.
~n ~itness ~hereof~ tlie said mort~u~;or has hereunto si~;ned onc/ sealed tl~ese presents ihe
day and ~ear (~rst abof:e u~ritten.
Signed, sealed and c~eliuered in t~~e ~~resenee of:
.
~ Yu . . ~
;~C~~ " ----Q~
' _.~Ge~?c.-u.c..C--- ~~-~-G~- -
~r
~
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~ STATE OF FLORIDA,
~ cou;v~ oE St. Lucie ~
1 HEREBY CERTIFIi that on this day, befom me, an
of&cer duly autl~riu~el in the State afonKaid ancl in the County aforesaid to take acknowlc~lgmentc, perwnally appeared
Oakley N. Watson and Lois R. Watson, his wife
. . . acktx~..~k~clAect
to nx• kro~a n tu 1K• tlx• {w•r~~n d~~u•rilx•d m an~l ~~{N~ ~•~~ti uti~J fIN• ~ur~~L'uu~L m.truuw~nl :uHl they
Ix•fore me tl?at they ~•~~~-uti•d thr >:u~w•.
' lYl'1~\ESti u~)• ha~~d :tnd ol(iii:d w•:~ in thi• (:unnh :md tiC?h• la~t afun•,:ud t6ic 1St day of
~
August a. ~~i 74.
28£3403 e~ ~ .z_.`~ ~2j . ~p~--4 -
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~ S~ ;`;}~TY FLA. NOTARY PUB1K 57ATE Of FLCRIDA AT LARGE
S:_.: ''•a$ MY COA~tMI5S10N .Y.a7Rc5 FfS. E, 1977
r. . i:.^•U~TQ~ iOf'/DED TMRU GEt~~RAI INSU+2ANC: UMDERWRITEtiS
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