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~i and shall perform, comply with nnd a6ide 6y each and ei~ery t1~e agreoments, itipulnttona, condtlloni und
coc~enants thereo/, and o~ thii mortgage. l~en fhis mortgnge nnd ~ht es~ale I~ere6y neated, shall ctoss, d~-
termine and be null and uo~d.
Tl~ !~e morfgagor he?~r6y f urlher covenants anc~ agreea fo pay promplly wf~en cIw /h~ principal nnd ,
inferes! and of~er ~ums o~ money provided (or in snid rtote and f~is mortgaAe, or oltti~r; fo pay a~~ und
singulnr Ihe fnxes, assessments. ~evtea, lta6ililiea, obligofions, and encumbrance~ oj every natun on satd pro-
perly: to permil, cornmtt o~ suj~e~ no wasle, impalrment or dafe?ioratton o~ :a~d Iwsd or !he lmprovemenb
fhereon a! any fi~q; fo ~eep fhe buf~tnga now or tierea~ler on sntd Iond (u~~y insured in n ium of not ~est
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in a company or companies ucceplnb~e to !~e mortgagee. Ihe po~tcy o~ po~icIIes to be l~eW br, and payab~
to, aaid mortgagee, and in t~e euQ~t any sum o~ money becomes ~yn6le 6y utrtue o~ such iruw+ance t~~
mortgogee s1~aII have the rtgl~t to receive and app[y the aame ~o the inde6tedneaa l~ere6r iecured, nc~eounting
fo t~e mortgapor (o~ nny surplus; to pay u~~ co~ta, c~argea. onc~ expentes. Includine lawyer i~tes nnd tit~
searches, reaao?ru6iy inc~errecl o~ ~~d 6y t/~e r~w~9ng~ b~we o/ Il~a /atlure oj t6e mo?fgagor :o promptlp
anc~ ~u~~y comp~y with !~e agreements, stipu~alions, condtfioru and covenants o( :otd no~e o~d ~I~~, ~wrt9~o,
or ei11?er: to perform, comply with and n6ide 6y encl~ nnd euery t1~e agresmenb, stipra~ations, condtfioru nnd
covenanli set ~orfh in aaid note and f~is mortgage or eifhe~. ~n the e~en! t~e mottgagor ~at~s to pap whtn
due any t~c, assessment, insurance premium or otl~er sum o/ money Poya6l~ 6y virtue of . anid nota and thii
mortgage, or pif~er, t{~e mortgagee may pay fhe same, wtthout wnivinA or a~~ecting ttie optton to ~orec~ose
or any ot{~er rig6t ftereunder, nnc~ alI sucl~ paymenls shall 6ear intereat /rom date tl~ereo~ at tlie I~fg/~est ~aw-
~ul rate fhen nllowed by the lau~s oj l6e State oj Florida.
7` any sum o~ money heretn ?e~errec~ fo be not prompf~y pnid wifhin Teri doya next a~fe?
t{~e same 6ecomes due, or if eoc{~ and euery fhe ngreemenfs, stipu~nfions, cone~itio~s ant~ rnvenanta o~ snid
note and tl~is mortgage, or eIll~er, are no1 /ul[y per(ormed, complied wit1~ and abtded 6r. lhsn the enttre
sum menftoned tn anid note, and Il~is mor~gage, or the entire ba(ance unpaid tl~neon, :I~nll ~orthwith or
~I~ereajter, nt tF~e option o/ the mort9agee, berar?ie and 6e due and payable, anyl6ing in tnld note or herein
to the contrary nolwitk:tanc~ing. Failure by the mortgagee to exeneise any of 16e rights or opttona 1?erein
prouided s{~a~~ not conafifute a u~aiuer o~ any rip~ts or options under snic~ note or t~L ntortga{)e accrued or
fl~erea f ter accruing.
Dn 1V~~Il~ ~hereof~ fl?e satc~ morfgagor ~as tiereunto sig?iecj and sea~`thesv presenfs the
c~ay an~ ypnr ~trsf atioue wriffe~. .
Signed, sealed and delive~ed 'n the presence o/: ~
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Joram O. Petersen
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~ STATE OF FLORIDA~ ~ ~
~ CouNTY oF St. . Leac ie ~
I HEREBY CERTIFY that on tAis day. betore me~ an ~
~ of[icer duly authorized in the Stat~ a[oresaid and in the. County aforesaid to takc acknowledgments, persomUy appeatrd i
~ Joram O. Petersen ,
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~ to me known to br the person dcscribed in and who eaecut~d the foregoing imtrument and he acknowledsed =
~ before me that he executed the same.
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~ WITNESS my hand and otficial seal in thc County and State iast aforesaid this St}~ dar o(
t MAY A. D. 1976
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z f'LEr ~;y~r FL~?• ~ Notary PuGl~r, State ot F;orida At,L , I ~
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' SS•~~~" -u S ~ My Commiss~on E~pires Sept.'7;,~97 ~ 7~.•. ~'~O 1
- ` L~~ Bonde~ !y RCittrt InfurawC! CQ. ' ~ -
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_ P P~ Shirley J. McSwain, First National Bank of Fort Pierce
ti ;~,/JnSr Post Office Box 970, Fort Pierce, Florida 3345q.. ~
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