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in a contpany or companles acc.E+pta6le to Ihe mo?tgagee, the policp o~ polictes !0 6e I~eld 6y, a~d ~ya6l~
fo, sai~ mortgagen, anc~ in fhe evant any sum o~ money becomea paynb~s ~y virtue of such insuwnce t~e
morfgagee sha~~ 1~ave fhe r~ghl to recetve and applq tl~e same to ~6e-inde6tedness he~e6y serured, acrounfing
to f{~e morfgapor ~or anp surp~us; !o pay al~ cosls, charges, and expenses, jnc~uc~ing ~awye~ s(eea and lil~e
searc{~~s, reasona~?~y incarre~ or paid 6y t~e niorlgagee 6ecause oJ t~e lai~ure o( i~e morfgagor to pron?pl~y
ana ~u~~y comp~y u~ilh Il~e oereements, slipulaltons, conditions antl couennnts oJ suid note and ~l~is mortgage,
or ei1F~~r; !o per(orm, comp[y u~ith nnd abide by each and every lhe agreements, stipulations, conditions and
corennnfs set ~orl~ in said no(e ancl ftiis morfgage or eithe~. l~ •f6e e+~e?+t .tl~e r»or/gagor Jai~s to pay u?{?en
dtie nny tax, assesament, insurance premium or ot~er sum of money puya6le 6y virfue of said note un~ t~is
mortgage, or eit{~er, fhe morlgagee ~reoy pay 1he same, wIthouf waiuing or a/Iecting ftie oplion fo Jo~ec~ose
or nny ofl~er•ri~I~f I~er~iinder, nnd al~ such payments shall 6enr interest front date tkereo/ at the highest la~v-
(ul rate t{~en n~~ou~ec~ hy fl~e Iawa oJ i~e Seate o~ Floritla. ' '
any sum o~ monhy kerein re~prrcd lo be not promp!!y .pai~ within c~ays next o~ler i ?
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Ihe sam~ ~c~orn~s de~e, or i~ e~c{~ ant~ every t~ig agteemenls, slipu~afions, condiiions anc{ covenanfs o~ sait~ (
note and f{~is morl8age. or eitl~er, are not julCy perJormed. complied w~tl~ •and abided by, tl~en the enlire i ~
sum mentioned in said note, anc~ itiis mortgage, or th e entire ~a~ance unpnid thernon, sl~nll (ort~will~ or '
lticreajter, at ihe option of Ihe mortgag~e. ~~ecorrte and be dne arid pnpa6le, anyftiing in said note or herein
fo the conlrnry notwithstanc~ing. Fai~ure hy !he mortgagee fo exQrcis~ any of Il~e rig~ts or opfions herein
provic~ec~ s~a~~ not constitute a u~ai~er o~ any fi~j{~ts o~ oplions under-snic~ note or fhis morfgage accn~ed or
fhPreajler at'cruinp. ~
~n ~itness ~hereof~ ~l1C' SUId mo~tgagor lIQS ~¢reunfo si~necr and sealed these presents ~~P
c~ay an~ year ~irsf a~ove u~~iltPn. ~
Signe~rl, sea~cl arid dpl«~p.~d in t1~e presence of :
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_ R ert Eng
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~ Noriko Engb g~~ G~ 1
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STATE OF FLORiDA, ~ ~
cou~r-rv oF Indian River ~
I HEREBY CERTIFY that on this day, betort me. an
ofEicer duly authorized in the Stat~ aforrsaid and in the County aforesaid to take acknowledqments, penonally appeared
Robert Engborg and Noriko Engborg, his wife.
to me known to br the person S described in and who ezetuted the forrgoing instrument and tt1@S1 acknowledqed
before me that they cxecuted the same.
~~'lT\ESS my hand and o(ficial seal in the County and Statc last aforesaid this 14th day of
October A. D. I9 ]rj,
~ i~otary P~~;;i c, S; ~P~ c: ~loriua at l.ar ;c. ~
, . My Com~rr::::,:cn E~.pires Jan. 3, 197R ~
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t, ~CGi= f )~"RAS
• ~~or,to~ ~
; ~ ~n•~ CL~nK Gt".G~~T CG:1Rt ~
pr~:;:~; a'=: ~~_D
Tl,r"s I,wnrme,~~ prfpn,rd by: Krame r& Pa lme r QCi I I 33 AM ~ 7~J
1630 C1ub Drive
! 8p~2~~ ~2431 Vero Beach, FZorida 32960 3~a~
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