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and shall perform, comply u~ifh and abide by each and every the agreements, atipulatioris, conditions and
covenants thereof, arld o/ this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl.
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Tin the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
trtferesl and ofller sums of money provided for in said note and this mortgage, or either; to pay all and j
singular the fares, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- €
perty; to permit, commit or sttjfer no waste, impairment or deterioration of said land or the improvements
Iherecn a! a?ty time; fo beep the buildings rlou? or ?lerea f
ter on said land fully insured to a sum of not less
than }
in a company or companies acceptable fo the mortgagee, the policy or policies to be held by, and payable i
to, said mortgagee, and in the even! any sum of money .becomes payable by virtue of such insurnnce the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, amounting ~
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to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and fide
searches, reasonably incurred or paid by the mortgagee because of the jaihtre of the mortgagor to promptly
and fully comply wish the agreements, stipulations, conditions and covenants of said Hole and this mortgage,
or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the t%vent the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without u?aiving or affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear' interest from date thereof at the highest Inw- .
fttl rate then allowed by the laws of the State of Florida.
~t anx sum oJ. money herein referred fo be not promptly paid within 45 days next after
the same becomes dtte, or if each arld every the agreements. stipulations, conditions and rnvenants of said
- note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire ~ E
sum mentioned in said note, and this mortgage, or the entire balance unpaid (hereon. shall forthwith or
thereafter, of the option of the mortgagee. become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a toairer of any rights or options under said note or this mortgage accrued or
thereat ter accruing. ~
~n ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
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day and year first above tvritlen. 1
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Sign d, sealed and delivered in the prnsence of :
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~ STATE OF FLORIDA,
COU\TY OF ST. LUCIE
~ ~ I HEREBY CERTIFY that on this day, before sae, as
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officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
JOHN T. SHEERS,
to me known to be the person described in and who executed the fore¢oing instrument and he acknowledged
before me that he executed the same.
WITNESS my hand ands official seal in the County and Statc last aforesaid this 26th day of
April A. D. 1979.
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_ ~:GT:.,~Y . .mac ,
1919 'I~AY -9 Pt1 ~ G7 _ :
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FILED RNO RECORDi.D ~ .
ST.LUCIE COUi1jY.F~A.
ROGER P017RA ~ 1 ~1
CLERK CIRCUIY CO~~ ~ ~ ~ -
RO VEFIf iE~-
r RECD ~ t:
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X438'72 ~ • . :
1%ru hulnisrcnl p~rpnrr?l hy:
~I t~i~/[xs TMIf INiTRUMF.NT PREPARED BY
U ~ 3U8 P 1~
= CHARLES R. P. BROWN ee0!c ACE
P. O. aOX 141• - 301 S •n~ ST •
FCR7 PIERt_E. FLOR~G ~
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