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an~ shal~ p~r(orm, comp~y u~~1h and a6icre I~y each artt~ et~ery fhe ugreements, sUpu~ationa, condifions ond
~-ai~enonls th~~eo(. nnd oJ !{~is mo?t~ape. then Ihis morl4~app and the P~~QIP hp~by crratecl, shall •cewe. de-
fPrmint~ nncr ~e nu~~ anc~ ~~oi~.
~n~ f~~P morff~ar~or ~ie?ehy (url~e~ covenanfs onc( aprees fo pay prompfly when aue !he principal an~I
inleresl ana ol~~er sums o( money proi~i~e~ for 1n sai~ note and thls morfgage. or eilher; to pay a~~ and
singular fl~p la.r~s, assessmi~nls, ~e~~ies, ~ta~i~ili~s, ob~i{~afions, and encum6roncea o~ every nafure on said pro-
perfy: fo pe~mil, commil or su(Jer no IUIISIP. lmpairmenf or ~pteriorafion oJ saitr ~anc~ o~ the improveme~tt
1{~erncn al any lim~; to ~PPh IIIP {~ui~c~in~s now or ~~erra~l~r on saicl Ian~ ~u~~y insure~ in a sum oJ not ~ess
Il~an NIL
in u company or com~~n~~ies ~cc~pfh~~~e fo I~e morfpagee. Itie po~icy ar po~tcies io tie he~t~ by, anc~ payab~e
to, saicl morfflaneo, an~ in t~~e enenf nny sum o~ mon~y ~>ecomes payable ~~y ui~lue o~ such iasurance t~~e
morfflagee sl~all hare the rinRt to receii~e and apply fhe same ~o the inde6tedness {~ere6y secured, accounting
fo t~~e mortga{ior Jor any su~p~us: fo pay al~ cosls, charges, anc~ expenses, includinfl ~a~uyer s jees ancj lit~e
set~rc~~s, reaso?~a~~~y incurre~I or paic~ hy ihe mort~nl~~P hec'ause o( i~e fai~urp o~ Ihe morfgagor to prompl~y
ancr Jully comply ti~ith il~e agreemenls, stipu~alions, cone~ifions anc~ corenanfs o~ sai~ note an~ I~is mo?fgage.
or eil~~er; lo p~r~orm, i•omn~y u~it~~ an~ abic~r ~~y each anc~ every f~~e agreemenfs. siipu~attons, condifions and
coi~enants sel jorl~~ in saie~ note anc~ fhis morfgage or pilher. /n the evenl fhe mo?tgagor ~ai~s fo puy when
d~~e a?~y i~r, nssessm~nt, insumnce prnmium or other sum oJ monep payab~e ~~y virfue o~ saic~ note anc~ f~~is
morlc~age., or ~il~~Pr. IE~e mortryac~ee may pay 1{~e same, u~ifho~d waiving or aJlecfing I~ie opfion to ~oreclose
or any other ric~i~f I~er~uncjer. ~nd al~ suc6 payments shall 6ear intPrest jrom clate thereoJ a~ ihe h~~hps~ lau~-
(ul rate then al~owecl I~y Ihe lau~s of Ili~ Stnf~ of Florida.
Dl any sum o~ mon~y I~ernin re(~rrec~ fo he no! promplly pnid within TBIRTY (30)d«ys next n~ter
Ih~ snm~ b~com~s du~. or i~ e~cl~ ~nd ennry Ihe anreemenfs, stipulalioris. conditions ancl conenanfs of saie~
note and this mortqac~e, or ~i1?~er, arn nol )ully per~ormed, complied with nnd a6~d~d hv. t~en fhe enfire
sam mentionet~ in said not~. ancl 1{~is morlgage, or tl~e entire ba~ance unpaicl thernon, shall Jorlhwill~ or
I~ereaJfer. at I~~e opfion o~ t~~e morign~e~, tiecome an~ he c~ue an~ payab~e, anyftiing in sni~ note or herein
to t~~e confrary noltvilhslan~Iin,ry. FaiG~rn ~y the mortgagep fo exercise any o( t~e righls or options ~~erein
proric~c~ s~~a~~ nof ~onsfitute a ~rain~r oj any rig~fs or oplions under saic~ note or this mo~tgnge accnu~ or
f~~erea~l~r ~ccruinc~.
~n ~itness ~hereof~ ~IIP SQI(r morlqagor ~I(15 I~erPUnlo si,rynerl (111~ sealPCl Iliese presenls ~I1P
l~AV Q?i(~ VP(1~ JIrS~ (1~)OI'P NTf~~Pfl.
Sl~I1P~. SP(I~PI~ UII~ ~PIII~P~PI~ f?1 ~'iP ~)f(~SPIICP O~'
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' STATE OF FLORiDA,
ccit'\TY OF ST. LUCIE ~
~ I HEREBY CER'I'IFY that on this day, before me, an
~ ofiic~r duk authorizrd in the State a(oresaid and in the C.ount~• aforesaid to take acknowledqments, penonallp apptared
BILLY N. MORRIS
to m~~ known to tx~ the prrson described in and who ezecuted the for~¢oinq instrurnent and ~0 acknowledged
be(orr mc that he ~s~cuted the same.
~~'[7':\E5S my hand and of(icial scal in th~• County and Stat~• last a(oresaid this 14th d~y of
~ April A. D. 19 75
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. ' ~ Mq cammission expires : •
~ ' • D"- ~ L ~ry,
~ - i,~o-~ R y~~: - BUC SG~TE OF F10RIDA AT UttGE
~ . - ~ ° ~ ; ?SSWri F7(PIRES YARGi 31, 1978.
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~„~,n,,,~~-,,, ~ri p„n 238 1520 AeR r5
BOOK PACE
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