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and s1~aU per(orm. ~amply ~ri1h a?id a6~d~ 6y each and ei~ery the ag~eemenls, sflpulaltoris, condittons and
coi~ena~~fs there~uf, and o( Ihis mortAas~e. then Ihis mwtpage and Il~e eilate hereby c?eated, shall cease, d~-
tetmine and 6e nuU and „oi~l.
~n~ 1/~P moriga{~or 1~~rv~y ~urlhe~ covenanls and agrecs !o pay promplly when due Ihe p~incipal and
interes! and ofher sums oJ money provic~ec~ ~or in sald note a?ic~ t~ts mortgage, or ellher; to pay a~~ and
singular ti~e tares, asspssm~nfs, levies, liabiliti~s, o61i~a1ions, nnd encum6rances o( euery natwe on sald pro- _
perfy; fo permil. commil or sufJer no wasle, impairmenf or delcriornfion o~ satd land or fhe tmprovemenfs
~ 1{~prrcn at any lime: !o ~PPp II1P hui~~~in{?s now or ~~erna(fer on s~ic~ ~an~ (u~~y insur~ in a sum oJ nof ~eas
~han hiqhest insurable value
i~ a compnny or companies acceptn6le 1o Ihe mo?tga~~ee, the policy or poltcies to 6e held by, ond paya6l~
lo, said mort~ta~ee, and in IhP ~nent any sum of money 6eromes ~ya6l~ 6y virtue o) sucF~ insumnce Ihe
mortflac~ep stiall have the. riqht to rcceive and apply tl~e same to the inde6tedness here6y secured, aceounling
to the morlga~nr ~or any su~pl~~s: to pay a~~ cosfs, r~arges, anct expenses. inc~uding lawyer s jees and lit~e
sean hes, rensonal~Iy incurrpcl or paid 6y Il~e morfganee tie~cause o~ i~e ~ai~we o~ fhe morfgagor to prompfly
an~ ~u~~y c»mply with Ihe. aflreeme~ils, slipu~ations, conc~ilions anc~ covenanls oJ ~aid note and tliis mo~tgage,
or eif{~er; to pprjorm, comply u~itl~ and a6icle 6y eacl~ anel euery IhP agreemenfs. stipu~attons, conc~illons ant~
coi+ena?els s~! ~ort~ !ri sai~ nofe antl fhis mo~fgnge o~ eiiher. ~n the event Ihe morlgagor (ai~s lo pay uf~ten
due arey tax, assessmenl. insurance premium or ot~er sum ol money paya6le 6y virlue o~ sat~ nole anc~ t{~is
mortfla~e, or ~ifher, I~~e morf~agPe ??~ay ~.y ~f~e same, wilhoul waiving or aJfecfing Ihe opfion to ~orec~ose
or any other ri~ht I~erPUncl~r, nnd all such payments sF~all 6ear intprpst jrom date fl~ereoj at the ~igl~est Iau~-
(u~ rale llien allou~ecl. 6y ~a~vs o~ the Stafe o~ F~orida.
D` any sum o( money I~erein re~P/~P~ IO he not prompl~y pai~ within ten crays next a~ter
tl~e same 6e~om~s du~, or i' CAC~I m~d ei~ery fhe a~reempnts, stipulations. condilions and covennnfs o/ said ~
not~ ancl Ihis morlgn~p, or Pit?~er, are nol fully perJormed, complied with and a6tdpd 6y, then tF~e enlirc?
sum mentione~l in said notP, and this mortgage, or tl~e entire 6a~ance unpaid tl~ereon, shall jortf~with or
t~ereafter, nt tR~ option o~ the mortgaflee. 6ecome ~ncl bp clue and paya6le, anytl~ing in said note or herein
to I~e conlrary nofwil~~siandin~. Failure hy I~e morlflagee to exercise any oj f{~e rig~?fs or opltons {~erein
pro~~i~Ic•cI s~~a~~ nol consfifute a ~aai~~er oj any ric~hts or options unc~er saic~ nole or tties mortgage accrue~ or
I~~ereaJl~r nccruinn_ .
~n ~itness ~hQ~OI~ tl~~ saicl morfgngor 1~as I~erPUnlo si,qnecl m~~ sealerl Itiese presents Il~e
cra~ an~~ yra? Jirst a~~ot~e ~rrittnn.
Siflnec~. seu~et~ anc~ ~~~irere~ in I~e pr~sencP o~: ```=~~~s..~. ~
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Irene H. Reese
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a~ Carlton W. Forc~-
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~ STATE OF FLORIDA, . ~ .
's COU:~TY OF St. Lucie,
& I}iEREBY CERTIFY that on this day, be(on .p~y:~tc~;
officer duly authorized in the State aforesaid and in the County aforesaid to takc acknowledqmenu, ~rspna ~
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Irene H. Reese and Carlton W. Ford, tenants in common~~%:r,t~;~ • y0,~:: ' 4
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to mr known to br the person$ dexribed in and who execut~d th~ forcqoin¢ instrument aA~'~ `~c~le~~ ~
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kxforr me that they~x~cuted the same. = ~
~1'IT\F.SS m}• hand and of(icial scal in thc County and Statc last a(orrsaid this '~!~~VlQ~,do_ .~y,~•
March " :
~ A. D. 19 7S. ' ~
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~CO ~~'-f~~
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~ Notary ublic,
State of Florida at Large.
~ My co~nission expires: a- 7- 7 7 i
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~ THIS INSTRIlMENT PREPARED BY:
Emory C. Teel, II1, Esquire, of
!%i~ ~iu~rrnii~-~rl pre~ur<<f !y: Fee, Parfcer & F~e, P. A.
;1d,fn_~s first Federal Building p R ~Q
E~d e1C1~~, Floride 3345Q SOOK ~+w PACE
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