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and shall perform, comply with and abide 6y each and every tits agreements, atipulationa, conditions and
_ covenants thereof, and of this mortgage, then this mo?fgage and the estate hereby created, shall cease, de-
termine and 6e null and void. ~
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the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgoge, or either; to pay all and
singular the taxes, assessments, levies. Itabilitiea, obligations, and encumbr+ancss of every naftu+e on said pro-
pe?!y; to permit, commit or suffer no watts. impairmentrfor detertor+ation of said land or the improvements
thereonpIVEyTtHOUSAN~ SEVEiN i~JNDRED EIGHTY FIVE
L)C)LLAl~~ -y2i?}~aaum of not less
than
in a company or companies nocepfable to the mortgagee, the policy or policies to be held 6y, and payable
to, snid mortgagee. and in the event any stun o) money becomes payable by utriue of such inatu+ance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplw; to pay ail costa, charges, and expenses. including ~awyeri Jess and title
searches, reasonably incurred or paid by the mortgagee because of the f
ailtu+e of the mortgagor to promptly
and fully comply with the agreements, stipulations. conditions and covenants of said note and this mortgage.
or either; 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 faib to pay when
due any tax, asseument, insurance premitun or other stun of money payable by virtue of said Holt and this
mortgage, or either, the mortgagee may pay the tame. without waiving or affecting the option to foreclose
or any other right he?euvder, and all such payments :hall bear interest from date thereof at the highest law-
f ul rate then allowed by the Laws of the State of Florida.
~l any sum of money herein ref
erred to be not promptly paid within days next after
the same becomes dtte, or ij each and every the agreements, stipulations. conditions and covenants of snid
note and this mortgage, or either, are not fully performed, complied with~nttd abided 6y, then the entire
sum mentioned in snid note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at 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 n waiver of any rights or options under snid note or this mortgage acrnsed or
!hereafter accruing.
~n ~itntSS whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and d~je~livered in t presence of
y-~~~_.-.-. ---.rl.....-."-
tt ~ Georg C. O o e
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1, - - - _ - f
Susan M . Osborne
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i
s
STATE OF FLORIDA,
.coutvTY of St. Lucie
k I HEREBY CERTIFY that on this day. before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
George C. Osborne and Susan M. Osborne, his wife
9
to me known to be the person described in and who executed the foregoing instrument and acknowledged
before me that c:ecuted the same.
k WITNE~S t~aad and oti~et~l seal in the County and State last aforesaid this 14 day ~
MaY A. D. 19 79
f 23 ~ z,
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= 1979 '~?t ~ - - -
p~(ytU ~ p ~
ANG F.EG ~ O _ I
FILEO FE C~NTY•FLA. ~ ~ ~ -
ST. LUC tQUY NAIK AA/E Of RORW? A`i1 nac. ~ ~ ~ ~ _
~~K
cRRCU,t CG 5 ~ Mr ~+OtMM1SS10N E7~Ft~S 0~7 `-'71~R
Fxi:ca. ;
4~~1~391
F I7iit hulamfrn~ prparrd by: ~~rr~~~~
A~~~>•~~ BOOK JVO PAGE2375
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