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and shall perform, comply with and abide bg each and every the agreements, atipulatioris, conditions and
ctoveetants thereof. and of this mortgage. then this mortgage and the estate hereby created, shall cease, de- }
termine and be null and void.
the mortgagor hereby juMher covenants and agrees to pay promptly when dw the principal and }
interesl and other sums of money provided for to sold note and flits mortgage, or either: to pay aU and
singular the taxes, assessments, levies, liabilities, obltgatioru, and enctambrances of every nature on said pro-
perty; fo permit. commit or suffer no waste. impairment or detertorofion of said land or the improvements
thereon of any time: to peep the buildings now or hereafter on said land fully insured in a sum of not less
than FULL INSIIREABLB VALUE
in a company w companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any stain of money bernmes payable 6y virtue bj such inuurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby sectored, aeeotanttrt~
to the mortgagor for any surpltos: to pay all costs, charges. rend expenses. including lawyer's fees and rich
searches, reasonably incurred or paid 6y the mortgagee 6eeauae of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations. conditions and covenants of said note and this mortgage.
or etcher: to perform. comply with and abide 6y each and every the agreements. stipulations. conditions and
covenants set forth In said -note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premitun or other sum of money-payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without wafvtng or affecting the option to foreclwe
or any Other right hereunder. and all ouch payments shall bear interest from date thereof at the highest law-
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ul rate then allowed by the laws of the State of Florida.
lL any sum of money herein re%rred to 6e not promptly paid within fifteen (15xays next after
the same becomes due, or if each and every the agreements, stipulations. conditions rend covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note. and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereof ter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contenry notwithstanding. Failure by the mortgagee to exee+cise any of the eights or options herein
provided shall not constitute n waiver of any eights or options under- said note or this mortgage a.-crtaed or
thereafter accruing. `
~n ~juleSS whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above tvritlen.
Signe syaled red deliverecj-in the resence of
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RUBY R.
i
'E
' STATE OF NORTH CAROLINA
COU\TY OF :;ic/dwr
I HEREBY CERTIFY that on this day, before me, an
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officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
~ CARL W. CLF.[~ff:NT and RUBY R. CI,II~lENT, his wife
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~ to me known to tx• the person s described in and who executed the foreYO~nq instrument and they acknowledged
f before me that they executed the same.
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~~'I'1'\ESS my hand and official seal in the County and Stair last aforesaid this i daY ~
~ ~ March, q• D. 19 79.
I
• Notary Public
My Commission Expires: ~ !~~J +~ECORDED~ , .
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'1'/ru hulrnueft~l pr~'~arc•~l hy: ARIF PARUPIA -
i LAWYERS TITLE INS. CORP ~ R ~V
9999 S. U. S. 1
Port St. Lucie, Florida 33452
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