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and shnll perform, comply wilh nnd abide 6y each and every the agnementa, :ftpulalions, conditions and
covenanis Il~ereo~, and of Il~ta mortgage, tl~en this mortflaAe ane~ Ihe e~tate hp.ebr c?eated, shnll cewe, de-
termtne and 6e ~ull and votd.
~ the mo~tgagor {~ere6y /urll~er covenanls and agreea to pny promptly wl~en due Iha princtpal and
inle~est and othe~ sums oj money prooic~ec~ for in said nole ond thia mortpage, or elther; to pay all and
sinpu~nr fhe la.res, asseumenis, leviei. ~Iabi~ities, o6~igaiions, and encum6runces o~ every nature on aaic~ pro-
perfy; fo permil, rnmmit or su~fer no ~uaste, impairmenl or c~eteriorafion o~ said land or ftie improvemenls
fhereon at any time: to Ireep 1he 6uildings nou? or hereajter on said Iand /ully insured iR a sum of not less
~GQ„ fair ~ark~t valu~ #
in a company o~ companies acceptab~e to f~e morfgagee, f~e po~icy or po~icies lo f~ hpld 6y, and paya6le '
lo, said mortgagee, anc~ in Ihe euent any sum oJ money ~~ec~omes Paya61~ ~y viflue oJ suc~ insurance f{~e ~
mortgagee shall hare f~e ri~~t fo IPfPIVA and apply the same to the inde6teclness liereby secured, accounting ~
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to t/ie mortgagor !or any surp~us: to pay a~~ costs, charges, ancl expensps, i?ic~~ic~ing ~awyer~s ~ees anc~ fil~e ~
searches, r~asona6ly incurred or paid 6y ~hp mortgagpe 6ecause o~ fhe jailure o/ tlee mo~lgagor fo promptly `
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dn~ ~u~~y comply wil~ ttie ngree~ments, sfipu~ations, con~Iitions antl couei~anfs oj saicj nofe anc~ fhis mo?tgage. ~
or either; fo perJorm, comply witl? and abicle hy each an~I every ftie agreements, slipu~alions, condiiions anc~
covenants se! ~orth in sai~ note anc~ ttiis mo?fgage or eilher_ ~n 1{~e even! fh~ mortgagor ~ai~s lo pay w{~en `
due any tax, assessment, insurance premium or other siina o/ moriey pnya6le 6y virtue o( sai~ note ancl this ~
mort~agP. or eittier, fhe mo?Iflagee may pay fhe same. ~uithuut wniving or a~~ecfing Ihe option to Jorec~ose ~
or any olher ri~~! hereunder, ancl aI~ sucF~ paymenfs sl?aA b~ar inleresf (rom date thereof a1 I~e {~igF~est law-
f u1 rat~ Ihen al~ou~e~ by fhe ~~!~~s o~ t1~e Statp o~ Florida.
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I any sum o~ money I~erein reJprrt•~ fo ~p not pro:nn~ly p~~d within 30 c~ays next aJfer ~
~ t~~e sam~ becomes du~, or ~iJ eacl~ and euery the agr~ements, siipulalions, condifions and couenants o~ sait/ ~
~ note and this mo?t~age. or eifher, arp nof Jully per(ormed, complica/ wi!{i and abtdpd 6y. lhen t1~e enlire i
i sum menlioned in said note, and this mort~~a~e, or the entirp 6a~ance unpaid thereon, sha~~ )ortluuith or ~
~ tlierealfer, a! ttie optiori oJ 1~ie mortgac~r~. ~,ecome anc~ he ~u~ and paya6le, anyt~ing in said nole or tierein ~
!o fhe confmry notwif{~standing. F=ailure hy fhe morfgac~ee fo exercise any o( the rights or opfions herein ~
provi~e~ s~~a~l not constit~de A U~AIl~Pt O~ any ric~tifs or opfions uru~er said nofe or Itiis morfgage accruec~ or
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t{~erea~fer accruing. t
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THIS IS A BAlL00N MORT~AGE AND TFE FINAL PAYl~NT ~t ?NE BALANCE DUE UPQN ;
MATURITY IS S>>~~42•3~S , TOGETI~ER NITH ACCRUEO INTEREST, IF ANY, AND ;
AtL AOVANCElENT MADE BY THE MORTGAGEE UkOfR YF~ TERMS OF THIS Mt1RTGAGE. `
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i ~n ~~tness ~hereof ~~~P morf,ya~or I~as causec~ fl~ese presenls ~O
(('OK( OK ~17 F. '
~F.:1/? l~r ~x~~cuted in its riame, and its curporat~ s~al to 6e hereunto a(~ixed, by ~ts
'f prup~r of f icers lliFretinlo t~u~ auf~iorize I~~P ti ~
y cI. ~ay artcl year ~irst a ove wrillen. ; '
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f INDIAN RIVER GARDENS INC. ~
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' ~i.gnec~. s~n~e~~ an~~ ~1~~ir~r~~ in i~~~ pr~s~n~•~ o~: C
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~ . f~tEO AHC NECOkUEU
S ROGER
P017RASA
~ • , : CLERK CIRCUtT C ~
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~ FLORIOA ^ 'h'r 1~,~~~p`P~G
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~ ~ounty of sT. LUCIE I ~:~56
, t~ ~ f~~~lf:~~ ~~:kl~~~~ 1~~~1 nn I~ua ~H•(~KV mr. un n~~urr ~~~i~v auf~~wi:r~~ in 1{v ~Infr nn~~ ~ ounly a~orlwi~~ (o (a~e or~rnoua~dq- .
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~,,~K~.r,~ JAPES C. SMITH
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~ ~~.dl lnnU'n lo rrw lo ll~r Prru~~rnl an.~ n•ar.r~tuw~r Iti~ corporuhon narrK~~ m
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~ ~ m.~rtqa~rv in I~~'dP(~IHI1Q inalnnru~nL an.~ I~~al I~evy v~rr?u~~c ru4nou•Ir~~yr.~ .~~v~~dnrV 1{i? annr. in i~~r prrxnt'~ o~ tu~o futixrihing u~lnrsvs.
r Ir~.•Iv nm~ ~v.lun~an~y inulrr nn~1~w~~v .~ulv ~r.Iv.I in Ilu•m In• ..~i.l ~ir~.x.di~.n rv~<l ~bo~ ~1~r vol o~~i~t~ 16~nfo is 11~ inu corywra~r xo~ o~
3[ •U1~I lIII~MNlI~IIl11.
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~ Notary Publ;c, Stale ol Rorida ~b{;~.,~
~ty Comm,ssi~n E~;.ires S~pt. 27,~~~~QF~} -
¢ 1~ i,-~~: ~i Ae.e,:cn f~n E G..~~Y Go'oWf~y -~l.::il::lll::l`..
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~ ~I Thlt Instrument DreparM by EIVI~ M. 0'U1UGNUM
~ 0'U111GNll~i i 0'IAUGHLIN
~ C tL 8oit 340~„ kR eiette, fkrtal _ k~. J~~ '
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