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and shall pe?fonn. con,~~h~ ~ri~h u?ut ul?ide 1,y ~ruci~ au~! r~e•r~ tl~r u~;rr~rrncuts, s1i~~ulufeau. ro~ulilioru ancl
rnoenants thcreo/, arul of ~his iuor~;;u~:e, tlien thu rnurt;~u~e~ urul thc cstufc l+crcl~~~ c?euted, shall cease, ile- ~
termine anct Le ~u+lt a~cl ~ici. ,
~ the ittortga~or hereGy /ahl~er coue~wnts a~uJ utirees eo ~wy pro~nptlJ ~clien dae ihe pri~uipa~ and ;
interesf aru~ oti~er sums o/ ntonc~ >>rouuled fo? in said eate o~ui lhis n~or~tiu~e, or eitl~er, ta ~w~ all arut ~
singular the iaxes, assessmenfs, leoics, linbilitics, aLli~utio~~.s. and cnc~~uiGrunces o~ ci~crt~ :wture on s~~kl prop- i
erty; to peru~it, comruit or sujJer uo ~raste, iui~wirnient or de~eriaratiun of sa:d land or tl~e i??iprovements 4
ihereon at a~~y time; to keep the buiklin~s no~z or hereufter a~ saul lurul Jull~iiuurcd in a sum of not less ~
than Thirty Thousand and no/100 Dollars (530,000. 0) ;
in a company or rn~nJwnies ucce~~table to the n~ort~;a~ee, d~e ~wllc~~ or ~wlicies ~o be l~eld 1,e~, a?u~ ~w~able ~
to. saul »~ortg•i~;ee, a?ul in the euent an~/ nim o~ mo~~ey l~eco~nes ~,uynl,Ie Gy virtue o/ nicl~ i?uurunce the
mortgagee sl~all haLe the right to reoeice and n~~ply the sarne to the inclebtedness 1~erebJ secared. accounting ;
to tl~e mort~a~;or for nn~J surpfiu; io ~xry al! costs, cl~ur~es, aul expenses, inch~din~ la~cyer's /ees an-1 title ~
searclies, reasonabty incurred or Jwid by 1he mort~a~ee becausc of tl+e failure o~ the mort~a~;or to p~omptly ~
aul /ully com{11y ecit/: the agreements. sti~x~latio~~.s, coiulitioru arul co~enunts of said ~wte and d~is inortgage, ~
o? eiNier; to per/onn, coniply ~rit?~ anci abide by euch and ecer~~ tlce a~ree~nents, stipu~ations. conditeoru an[l
cvoennnt's set forth in said note aru! ihis mortga~;e or citltcr. ?n thc eucnt ~he mortga;or faiis to pay echen
due an~ tax, assessrnent, iru~~runce premium or other sum o~ mone f ~w~uGle G~ uirtue of snid note nrul this
mortga~e, or eitlier, tl~e mort~a~ee may ~wy tl~e sanie, iciN~out uaiuin~ or aeecting the optian to foreclose ~
o? any other ri~ht l~e:euruler, a~ul al! such ]wyr~eetus s1?all l~car interest froni date thereof at ihe hi~liest la~c-
ful rate tiren allou:ed by tl~e lau;s of the State o~ Florida.
an~ sa~» of »~oney herein re%rrecl to Ge not ~~rompt~y /wu! icit/iin thirty duys next a/ter
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d~e same beco~nes due, or i/ each anci even~ the ugree~nents, stip~dat~or~.s, corulitiau and couenants of saul ~
note anrl ihis ?nortro~e, or eid?er, arc not fuUtJ )~erformed, complied iceth arul avided by, d~en ilie entire
sum »ientioned i:: s~ul note. a~ut deis ~northage, or the entire Galancc tin~~aul Niereon, sliall fordiuith or
thereofter, at tlie option o/ ihe mortgagee, become and Ge due arul J~ayable, an~d~ing in soid note o? )~erein
to the contran/ noti~•ithstancling. Fai!ure Gy tl~e n~ort~v~ee to exercise an~ of flie ri~lits or options herein
provuled shall not co~~.stitute p u-oit:sr o~ anJ ri~;hts or optio~u tuuler sait! nofe or tl~is mortgage accnied or
therea/ter accruing.
~n ~~~1~ the said mortgu~or l~as I~ereunto si~;ned anc~ sealed these ~rresents the
day arat year first abooe icritten.
Signed, sealed an~t cte.~cered in the presence of: ~
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STATE OF FLORIDA. ~ ~
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cou~~n oF St. Lucie ~
I HEREBY CEP.TIhI' that ~r. this day, befom me, an
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oA'icer dtd)• autlx~riud i~ tlx= State afomwid and in the Coanty afom~aid to take ackno~a•k-dKments, pers"'~ally aPpea~ed ~
Vincent G. Newell, Jr. and Mildred C. Newell, his wife
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~ . . ~ru•rilx•d i+i :~n~l ~~iw~ ~•~iti•~di•~I tlw• furr~u~u~ ~n.tn~uK•nl :tn.i they arkiwa~lcnl~ctl ~
tt~ nx• k~N~~~n lu Iw~ tlx {x~~nS c. a
Ix~fun• nK• ll~:d ~ey ~•~~Y•ut~•~1 NN• .:unt~. ~
26th ~f ~
~\'ll~\Etiti ~nc h:uNl :u?d ut(ii i.d ~•.d in lhi~ ('onnh- and tilatr I:nt :~(un-~:tiil fhic
August a- ~`'74 . ~
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,••.a:- --:iC S':.-~ ~P FiGRiDAAT:''~t
t:' : . ;::.C~~ EY.?IRFS fE3. 1':' .
z`~~~•:: Gct::%At lNSURAYCE UND:i~„k~T.RS .
Documentary stamps affixed to original note. ~
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f1L~~ A~e PEG01lOE ~ - - ~
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