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nnd aRoll p~r~orm, c•omp~y u~i1h and a6ide 6y each und e~~ery the agreemenfs, slipulalto?is, co~dtt~onr and
covenants therPO(, and o~ fl~is mortp~qe. Ihen fhis mort~a~e and ~he e~tate h~.~by c~eated, ~hall ceass, de-
terml~e a~~d I?e nu~~ ancl i~oi~~.
Iilili fhP mortga~~or ~ere~hy ~urt~er cover~ants ant~ ap~ees fo pay prumpt~y when ~us !~A principo~ anc~ f
interesl und of~~er sums o~ money proviclecJ ~or ln saicr note and f~it morfgnge, or eif~er; fo pay a~~ and
singular I/IP. ~QYFS, nssessmen~:, ~Pl~lPl, Iiabilities, o6ligalions, nnd encum6m~ces u/ euery nolure on snid pro-
ps~ty; lo permit, commif or su~fer no u~aste, impairment or c~eferioralion o~ sait~ ~nnd or the improuemenls
t~erecn at anv timP: fo ~ppn ~hp i,~,~[d~~~~is now or l~er~a(Ier un caid land ~ul~y insiue~l in a sum of not Ies~
~i~an full insurable value
tn a company or companies nrc~pfah~e to I~e mortgagee, I~e policy o~ po~icies to 6e held by, anrl poyabls
to, saic~ morfc~agee, an~ in f{~e evenl nny siun o~ money ~ecomes ~yn6[e by vIrtue o( such insurance fkt
mortgagee s{~a~~ tia~~e ftie rigti! lo IPfPI!'P anc~ apply !he same to iha inde6tedness I~ere6y secured, acc~ounfing
to t~e mo?(gagot ~or any surp~us; ta pay a~~ cosfs, chnrpes, nnt~ expenses, inc~uding ~awyer~s ~eet ant, tif~
searc~~s, r~asonutily incurrcv~ or pai~ by ihp morfgage.e 6ecause of t~e failure o( t{~e mortgagor lo promptly ~
ant~ ~u~~y c-omply u~ilh the agreemenfs, sfipu~ations, conc~ifions an~I covenants o~ said nofe anc~ fhia mortguge.
or eit~~er; lo p¢~~orm, comply u~ilh nnd o6ide 6y eacl~ an~ every I~e agreements, stipu~atio?u, condifions wt~
covenanls se1 jorlh in said note a,~d rh~ mort~age or eitF~er. /n fhe event 1he mortgagor (eils to pay tulten
due any tar, assessment, insuronce premium or oll~er sum oj money paya6le by virtue o/ said note nnd t1~4
martgage, or either, f{ee morlf~ayee may pay if~e same._wit/~out wniving or a~tecfing the option to (orec~ose
or any ofl~er riy~t Iiereuncler, and all such payments sl~all 6enr inte~es! (rom date tF~ereo) a1 fhe I~ighest ~aw-
~u~ ?ale tl~en allowed 6y 11~e lnu~s o~ tF~e Stntp o~ F~orida.
1` any sum o( mon~y I~erein re~prrc~c~ fo 6e nof prompl~y paid wifhin thirty ~Qys nert nlter
fl~e same bPCOmes due, or i~ each and ~eery fhe ngreements, sfipu~attons, rnnditiorts and couenants o~ satd
note ond tl~is morl~ayP, or eifher, are not (ully per/ormed, complied wit6 and obided 6q, then ihe enfire
sum mentioncKl in saicl note, aricl this morlgage, or ll~p enlire balance unpaid tl~ereon, sha~l forthwitl~ or
f~ereuJler, at the opfion of !he mortgagee, become and 6e c~ue nncl paya6le, anything iR snid nole or herein
to the confrary nolu~il~~slanclinfl. FailurP 6y fhe mortgngee fo exercise any oj the rtg~fs or options her+etrt
prouided sha~~ not conslitutp a waerpr o~ any rig~ts or opfions un~er saic~ noEe or fhts mortgage accrued ot
fherea~l~r accruing.
~n ~hereof~ the said morlgagor tins hereunfo signed and sealed tl~ese presents Ihe
doy an~ yenr ~irsf above ivriftpn.
Stgned, and ' red in I~e prespnce o): ~
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~ STATE OF FI.ORIDA. 8 sSm811
~ covh-rv oF S t. Lucie . !
~ I HEREBY CERTIFY that on ehis day, before me, an
g officet dui authorized in the Stat~ aforcsaid an~ in the Count aforesaid to tak~ acknowled
~ Y y gmenb~ pcrsonaUy appeared
; SIDNEY RIBAKOFF and BERNICE RIBAKOFF, his wife, ~ ;
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~ w me known to be the person 3 dexribed in and who executed the (or~going instrument and they ~cknowkd~ed ;
s befon me that they executcd the same_ .
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# KI7~IESS my hand and otticial seal in thc County and State last aforesaid this ~.7~~~~~~~~~ of
yr~,a..~~ A. D. 19 76 . ~ ~I~r,., .
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, ~~No~ar .'.Putilic;----Stat~---~-~~~RToi~ida~' ~
~ ~at Large ~ • ` " ' ; = " '
~ My Commission Expire~:;.
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' NOTARY PUdll: STATE OF RORfDA AT !'AA~3~ {
s /JSY COMMISSION EXPIRES JAN. 14. 197'S~ ~
~OldDED TNRU GENERAt INSURANCE UIJ~ERWRITE144 ,
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~ I7ris I?a[rufncnt pnpared by:
~ f~~d/cst ~ t:;.i t!iSTF~1'.•criF S/:,tiS a:,• PY. F r( 25? ~~E
AtFRED J. HOROWlTZ, Attarney at law
220 SOUTN SECOND SiREET