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and shall perform, comply with and abide by eoch and ewer ilte a0rwmertt:. ,tipulattoni, c+ortdlttoru and
oownanb tlureo/, and aj ehts mortgope, then tha moNgoQe and the aloe. het~eby created, shall cease, de•
termtne and be Willi and void. '
th. mortgagor hereby jwth.r oowrtants and aarw to pay promptly when dw eh. principal and
ineeroat and other stuns of money pr~avtded fo? to said note and tills morggape, or either: eo pay aU and
singular the taxes, assessments. levies, llabilttia, obltgattoru, and encumbr+snce of eveq Wotan on ssid pro-
perty: to psnntf. corremit or suffer no u~asle. impairment or deterioration of said land or the pnpeovemertta
thereon at any time: to beep the buildings now or hereafter on said land fully insured to a stun of not la.
than
to a company or rnmpantes acceptable eo the mortgagee.. the policy or policies to be heW by, and pnyabb
to. said mortgagee. rend in the event any sum of money become payable by virtw bj ouch iruurartce ilte
mortgagee shall haw the right to recsiw and apply the ,a,ete to eh. indebtednes, herby ,ecewd, aooounitreg
to the mortgagor jar any surplus: to pay all cwts. charge. and expenses. including lawyer i f«a and tula
searrhe, reasonably inctured or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully corrtply with the agreements, stipulations. oondtttons and oovertanta of said note and this wwrtgape. ~
or either: to per/orm. comply with and abide by each and every the agreerrtenb, stipulations, condtriorta and ~
cownnnts set forth to said note and this mortgage or either. In the event the matgagor jails to pay when '
dw ar.y to:, asaeasment. truurance premium or other sum of money payable by nirtw of sntd note and ibis
mortgage, or either. ehe mortgagee may pay the same. without waiving or aj/ecetng the option .to jonclo..
or any other right hereunder, and nil ouch payments shall bear interest from date thereof at the highest law-
Jul rote then allowed by the laws of the State of Florida. ~ ~
any sum of money herein referred to 6e not promptly paid within 30 days next after
the same becomes due. or if each and every tke agrwmenb. stipulations. conditions and cownanb of sold }
note and this mortgage. or either. are not fully perjonned. complied with and abided by. then the entire
sum mentioned in said note. and this mortgage. or the entire balance unpaid. thereon. shall forthwith or
thereof
ter. at the option of the mortgagee, become and be dw and payable: anything in :aid note a herein
eo the contrary notwilhseanding. Failure by the mortgagee to exercise any of tilt rights or options hntrt
provided shall not constitute a waiver of any righb or options under said note or this mortgage ac~a'ued or
thereafter accruing.
~n ~~`r the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
1
s in t er a oj:
. .
John G. Cannon -
j Hotly R.~t anon
k
STATE OF FLORIDA,
DOUN1'Y OF St , Lucie
I HEREBY CERTIFY that oo this day, hetore me, an
otfxer duhr authorized in the State aforesaid and in the Counq aforesaid to take acknorriedsmenn. persoaapp appeared
JOHN G, CANNON and HOLLY R. CANNON, his wife
to me known a be the person s described in and r.ho a:ecutcd the focrsoins imtrument and .they actnoriedded
txfore me that they executed the same.
WITNESS my hand and official seal in the Cooney and State last aforesaid this ~ ~ y d
August A. D. 19 79
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RECa•~g ~o`~°South Second Street
Fort pierce, Florida (3345Q)