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and sholl perform, comply with and abide 6y each and every the ag?semenfs, aftpublions, conditions and
covenants fhereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
brmine and be null and twirl.
the mortgagor hereby f
urfher rnvennnts and agrees !o pay promptly when due the principal and
interest and other sums of money provided for in said note and the mortgage, or either: to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit, commit or suffer no waste, impai?menf or deterioration of said land or the improvements
thereon nt arty time: fo beep the buildings now or hereafter on said land fully insured in' a sum of not less
- than N~ R
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such tnstuance tht
mortgagee shall have the right to receive and apply the snore to the indebtedness hereby secured. accounting
to the mortgagor for any surpltu; to pay all costs, charges, and expenses, including lawyers Jess and titb
searches, reasonably incurred or paid 6y the mortgagee because of the failure of fhs mortgagor to promptly
and fully comply with the agreements, stipubtions, ronditions and covenants o/ 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 sold note and this mortgage or either, In the event the mortgagor fails to pay when
date any tax, assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option fo jo?ecbse
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest bw-
f
ul rate (then allowed by the laws of the State of Florida.
~l any sum of money herein referred fo be not promptly paid within 30 days next after
the same becomes dtte, or iJ each and Avery the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully per/ormed, complied with and abided 6y, then the entire
stun mentioned in said note, and this mortgage, or the entire balance unpaid fheneon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the rnntrary notwithstanding. Failure 6y the mortgages to exercise any of the rights or options herein
r
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
jn ~~u`~ ~~~Is t?te said mortgagor has hereunto signed and sealed these presents the
day and year first shore written.
S e sealed and deliv red 'n the presence of : '
Michael Picano -
' •
--.~-~a~w
_ Sandra K. Picano
f
STATE OF FLORIDA,
i trou:~~TY OF S t . Lucie
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the Count • aforesaid to take acknowled, meats
q personally appeared
Michael Picano ~~,rSandra K. Picano, his wife
to mr known to be• the person S described in and who executed the foregoing instrument and Who acknowledged
~ before me that they executed the same.
N'I7;'VESS my hand and official seal in the County and State last aforesaid this f q~j day of
~ l~~ A- D. 19 79
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1919 IiA'f 16 A!9 ~t~ 09 . -..:-~~.Cc/~-~=-----------------------
FFILEO AMC REC41t[lEU NOTARY PUBLIC
r SLLUCIE COUNTY.FLA.
ROCsER POITRAS
. CLERK C+RCUIT CO T~
RECBR; ~'ER;F'C^ ~ ~~,~=r--- MY COMMISSION EXPIRES
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` "!'Irv h?s~ni»rnri prrpa~rt' by:
AclE~ires BDU!c JUO FAG[~604
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