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and shall perform, comply with and abide 6y each and every fire agreements, stipulations, conditions and
eorenanls thereof, and o/ this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
the mortgagor hen.~6y further rnvenants and agroes to pay promptly when due 1hs principal and
interest and other sums o/ money provided jor in said note and this mortgage. or either; to pay all and
singular the loxes, assessments, levies, liabilities, obligations, and encumbrances of every nattue on said pro-
perty; fo permit, commit or suffer no waste, impairment or deterioration of said land or the improvement
thereon at arty time; fo keep the buildings now. or hereafter on said Land fully insured in a sum of not leas
than
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and paynbb
fo, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such tnstsrance the
mortgagee shall have the right to receive and apply the same to the indebfedneu hereby sectued, aceotsntinp
to the mortgagor jor nny surphu: fo pay all costs, charger, and expenses, including lawyer's fees and title
searches, ?easonably incurred or paid 6y the mortgagee because of the jailtu+e of the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and rnvennnts of said note and this mortgage.
or either: to perform, comply with and abide 6y each and every the agreements, atipulattons, conditions and
covenants set forth in said note and thin mortgage or either. /n the event the mortgagor jails to pay when
due any fax, assessment, insuronte premium or other sum of money paynbls 6y virtue of said Hole and tht
mortgage, or either. the mortgagee may pay fhb same, without waiving or affecting the option to jor+eclose
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law-
jul rate then allou.ed by the laws of the Sfafe of Florida.
~l any sum of moncry herein relemtd fo be not promptly paid within 30 days next njter
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenant of snid
note and this mortgage, or either, are not jolly performed, rnmplied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entirie balance unpaid !hereon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
fo the contrary notu~ifhstanding. Failure 6y the mortgagee to exercise any of the right: or options herein
provided shall.nof constitute a waiver o/ any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itntSS ~herenf, fhp said mortgagor has hereunto signed and sealed these presents the
day and year first above u~ritfen.
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-S ,sealed and definer in the presence oj: ,.l
. ~f/
Michael Picano
- - - - - .t~:.__.----.-~
Sandra R. Picano-
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STATE OF FLORIDA,
F COUti'C1' OF St. Lucie
I HEREBY CERTIFY that on this day, before mr. an
i officer duly authorized in the Starr aforesaid and in the County aforesaid to take acknowledgments, personally appeared
{
Michael Picano and Sandra K. Picano, his wife
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to me known to be the person described in and who executed the foregoing instrument and w]tp acknowkdsed
~ before me that they executed the sar~.
e
t ~YI7:YESS my hand and official seal in the County and State last aforesaid this day of
A. D. 19 79
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• f1,E0 An~ kECe~uc u My COt~IIS5ION ERPIRES
S~.LUCIE COJHIY.1 L«-
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CLERK CIRCUi7 CC ' T
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