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and shall prr~orm, comply ivilh a~~d a6ide f~y PpCh an~~ PVPIy t1~e upreements, ~~ipu~ntions, co~tdiliuns ar~~
coi~enanfs fhereo~, and o/ Ihis mortnagP. lF~en fhis mwlgag~ and Il~e estate hNrr-l?y crealed, shol~ ccase, de- ~i
tp~mine and 6p null and ~~oid. _ ~
Iin~ thN mo~fga~or tien~hy (urther covenanfa ane~ agrees to} p~ay prompl~y iu~ien c~ue Ihe principal and
infer~s! ~n~ olh~r sums o( money proi~ided Jor in sai~~ 7~ ~~~`fhta mortpagP, w Pit~er; 1o pny a« and
sin~ular the Iares. 4ssessments, Ipvies, lin6ililies, obltgationa, and encum6mnces a( e~~e~y nature on aaid pro- '
- pe?fy: fo ~~ermil. commil o~ su~jer no wasfe, impai?ment or deferioration o~ ~aic~ land o~ !~e improvements ~
thereon at any lime; to ~eap f~e 6utldinga nuu~ ur hrrea~ler on «~d land ?ul[y insu?cd in a sum oj no! ~PS~ ~
fl~an tnaxim~n inst~'able Vdlue
in a company or companiea acceptab~e fo Itie morlgagee, fhe po~lcy o~ po~i~ir• to ~P held by, nnd paya6li?
to, sai~ morfgage~, an~ in ttie even! any sum o~ money becomes Poya6te 6y r~irt~ie o( suc~ insurance t~e
mortgngep shal~ hane the rig{~t to receive and npply tl~e sume to the indetiledness hereby aecuretl, aceounttng
to f~e morfgagor jor anv aurp~us; to pay a~~ co~fs, ctiar+~/es, and expensa~, inclteding ~awyer~s feet antr ttf~
• searchrs, rpasona6~y inen?red or paid by t{~e mortgagee becnuse o~ fke ~ai~ure a~ ll~eam7ort a or tto prompl~y
anc~ (u~~y comply u~ifti ftip agreements, stipu~nllons, conditions and rnvennnts u` safd 2d~I~Za mortgnge.
or Piftier: to per~orm, romp~y ~6ide 6y each and every ihe ngreements, stipu~alions, condifions and
conen~nls sef ~orth~ in sairl a. nn this morfgage or eiftier. ~n ftie event f~e mortgagor ~ni~t fo u~ en
due any lax, nsses~ment. insurance premium or ot~e~ sum ol money payati~e hy virlue o( said an ~is
mortgage, or eiltier, ftie morfgngee may pay the same, wifhouf wniuing or a~~rcting ttie optlon lo (orec~ose
or any otl~er ri,q{~f hpreun~er, nnd all such pnymenta s{~aII bear inlerest ~rum dnte tl~ereo( nt fhe I~igl~esf Iaw-
~ul rate fhen nllou~ed by tl~e Iawa of tl~e $tate o~ Florida. i
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D` nny sum o~ money herein re~errec~ to be nof prompt~y paid within ~ 3d e~ny ~ ~
the m 6ecomps due, or i~ eacl~ ancl every the agreeme~Is, sfipalatio~. conditions and covenanls o~ snitl
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n~l}~~s morfpage. or either{.- are not )ully per(ormed. complied with •and a6ided by. fken Ihe entire
sum mentionec~ in ~aidfj~ .~~a `T~is mortgnge. or the enfire ba~artcQ unpaid I~ereon. shn~~ fort~witk or
therea~ter, at fhe option o~ t/~e mwtgaflee. 6ecome and 6e due and paya6le, anything in aoi in ~
fo t~e conlrary notwitF~standing. Failure by tlte morfgagee fo ex¢rriie nny o~ !~e rig~ts or optfons herein
pronic~vc~ stio~~ nof ~onstifute a u•aiver o~ any rig~fs or opfiont under sni~ ]d~L1[ir-b~-Tr1i~ mortgage nccrued or
ttiereaJf~r ac~ruing.
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Dn ~~lll~s Itie said morfgagor has tiereunln signa~ and spa~et~ these prese?its the
c~aV an~ yNar first a~?ove wriften. .
Signe~, sealed and d Ii~~eretl " e presence o~: G& VENTURE
~a~. ~ _ Y'
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~ ARY G ARMAT , Partne ~
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~ A EN R. OSTF. N, Partner
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STATE OF FLORIDA, ~
COUNTY OF ST. L[7CIE
i NEREBY C£RTI~'1' th.at on this day, be[ore me, an
officer duly authorized in the Stat~ a(oresaid and in the County afor~said to taice aricnow:e3gments~ penonally appeared
GARY S. GYRRAIATHY and ALLEN R. OSTEELJ, partners of G& A VENTURES,
a Florida genera par~n rshj'p
to me known to be the perso~ deuribe~ in and w{ho exccuted the fongoing in~trumer.! and they acknowkdged
bcfore me that th('~/ ex~cuted the :am~. and had fUll authority ±:O f~0 SU.
KI'I~~ESS my hand and o(ficial stal in the County and Statc last aforesai~ this day of
November A_ n_ 19 78.
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