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an~~ sI~nII p~~rJorn~. er~mp~y ~ril~~ aii~ a~~i~j~ ~y ewc{~ o?u~ ~~~ery f~~e QQfPPMPf1It, siipu~alions. con~itions and ~
rn~~~?ianls 1{~~reo~. ~~n~ oj I~~is rnort4~ap~. ll~en fl~is mwfpage anc~ fhe ptlate hereby cn~olt~, sha~~ cease, ds- ~
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t ~ 1 1 y(urtl~Pr c~~~~nanls urtd a rees ro rom il when due ll~e ri?~ci a! and
~n~ ~i~ n~urt n~ ur ~r?~~ ~ f1 PaY P P Y P p ~
inlc~rnsl and ulher sums o~ mon~y proe~i~ec~ jo? ia sattl nofe ancl ftiis morfflage, or eilh~r: to pay a~~ nnd
stngu~ar Ihe IQXPS, nsxessm~uls, IPI~iP3, ~ia~,i~iti~s, ob~i~Jalions. Qll~ PflClIII1h~QflCFf O( ei~e?y nalure on said pro-
perly; !o ~x~~mil. rnmmil or au~je~ no wasfP, impairmenl o~ c~elerio~alion o~ said land o~ I~~e improvemenft ~
Ih~~rcn al nny lim~: fo I~~~p the huil~Iin~s now or I~ern~(I~r on caid land ~ully insiucKl tn o sum o) no! lest t
than
t~i a rom~?t~nY a~ compani~s arr~pfn~~~e fo Ihe morlgu~r~. 1{~e po~iry or po~icies lo be held by. ancj paya6~e
lo, sai~I morl~~agn~. ~n~ in I~i~ ~~~enl any sum ol monay ~?ecomc~s PQy(1~)~P 6y vi?I~~e o~ such insurnnce Ihe
, mortgap~e thQl~ ~IAI'R II16 ?i~~ht lo n~c~iue arid apply Ihe same to the indebleduess Iieref~y secureel, accounfing
~O ~~1P 1110I~(JA{~O~ rOr Ally SIl~p~I1S: ~O P[ly O~~ COS~S. C~IQI'~PJ, and PXP@I1SPJ, tncluding ~tl~yP~S IPPd QI1~ ~j~~P
searc{~~s. r~~sona~?~y incunp~ o~ pai~ tiy I~~e morlga~ee he~nuse o~ l~~e fai~ttre o( I~~e morf~a~or lo pr~~nq~l~r ,
anc~ ju~~y romp~y u~ifl~ .fl~~ aprern~enls. sfipu~alions. conrlilions a~ul cot~enanls o( sai~I nole an~1 Il~i. m~~.l,y~e~i.•
or eitl~~r. !o periorm, comply u?ill~ and a6ide 6y each and CVPIy IIIP ag~eemenfs, slipu~alions. ~•nn~~ili~~~~s
covenunfc sel (o~l~~ in sai~ note a~~d ~h~s morlgage or Pilher. ~n Itie r~?pnt tl~e mortgnqor ~ui~s t~. ~~.~v u•?v ' -
du~ anv fax. ass~ssmrnf. insumn~c premium or ull~~r sttm o~ moneY paya6lp ~~y oi?1~~~ s~~ul ~~.,Ir ~,ul tJ~r. ;
morf~age, or Pil~+er, l~~~ morl{~a~~~~ moy pay I~~P sam~, withouf u~aivin~ or a~~M•?inp I~~p uplion lo ~ur~c~ost
or any oll~e~ rinl~it IiPrPwuler, ~nd a~~ s~~~h ~oyMpn~s s~~all bear intPrest from datp ihereo( al Ihe highest-~aw-
(ul mle Ih~n nllo~ved by Ili~ lau,s oj th~ Slat~ of 1'loreda.
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D` nny sum o~ mon~y ~i~r~in rp(errc~cl l0 6e not promptly paicl wiihin t~ilTty (30~ ~ays npxl a~ler
t~ie samr ~ic~om~s ~u~, or i f ~nc~~ anrl ei~ery IGe a~reemPnls, stipulalions. ronrlilions ancj covenanfs o~ saic~
nol~ n~d this morl~~a~~o, or ~ith~r, are nof, jully p~r)ormecl, complied witti and a6idP~1 6y, ll~en Ihp ~ntire
sum m~ntion~~ in said. r~ote, and Il~is morl~agP, or tlip enlire I~alanre unpai~I t{~e?iwn, slia~l (orl~uuifh or
I~erPa(ter, af 11~~ onlion of Il~p mort~a~t~~. 6c~com~ an~ be rhie and paya6le, unythinp in said note or 1?prein
to tti~ confmry notu~itl~sfnnclinf~. Failur~ ~~y f~e morlgagep fo ~xercise ~ny o% f~~e righfs or opftons tierein
proi~ic~c~~ s~~n~~ not rnnslilufe a traive?r o~ any rin~fs or opfions uncrer sai~ nole or I~is mortgage accruee~ or
f~~~rea~f~r accruing.
~n ~titness ~tlhereof~ tl~e saic~ morl,yngor has I~preunlo sign~I ancl spal~d l~ese presenfs the
c~av an~. yenr (irs! a~~ou~ ~orillnn.
'gnc~~ SPQIP~ ~c~ ~c i~ c~ in f~ rns~ncp o~:
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K C INGS, AS' STEE
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STATE OF FLORIDA. ~
COUN1'Y'OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me~ an
o(fi~er dulq authoriz~d in the State aforesaid aod in the County aforesaid to tak~ arknowledgments, penonally appearcd
JACK CUNflrlINGS, AS TRUSTEE
to m~- knorcn to br the prrson dcscribed in and who ex~cuted the,(or~¢oinq instrument and j16 acknowledAed
beforc nic that he ~=~cuted the same. .
~~'17'1~ESS my hand anct o(ficial seal ia thc County and Stat~• List a(or~said this ~ day o[
December A. D. 19 74
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~ l~r Coms~ssion Expires: ~ o~ Notary ublic
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THIS IIVSTRUMENT PREPARED BY: ~
-`"l %is 1~ulrumtn/ pn f?rtn•~l by: JOHN D. PRIOR, JR.
SPEAR & DEUSCHLE, P• A• O R
/~~~r~l['ss 5554 NOR7H FEOE~:AL HIGNWAY d~~
FORT LAUGERDALE, FLORIUA 33308 ~
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