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and shall perform, comply with and abide by each and st?ery the agreement. stipulatbns. eonditiona and
covenants thereof, and of this morfgape, then iht mortgage and the titate hereby created, shall cease, de-
terrrine and be null and void.
fhe mortgagor Newby further covenants and agrees to pay promptly when dw the principal and
interest and other :ums o/ money prouidtd for in sold note and fht moNgage, or either: fo pay all and
singular the fares. assessments, levies, Itabiltltes, obligations. and encumbrances of every naftsre on sold pro-
perty: fo pet~rtil. commit or suffer no waste. impairment or dvteriorofion of said land or the improvement
thereon of any lime: fo Iseep the buildings now w hetrajter on said land jolly insured in a sum of not less
than Righect incurable value.
in a company w companies acceptable fo the mortgages, the policy or policies fo be held by, and payable
to, said mortgagee. and in the event any stun of money becomes payable by virtue of such insurance the
mortgagee shall have the right fo receive and apply the same to the indebtedness herebq secured. accounting
to the mortgagor for any aurpltts; to pay all costs. charges, and expenses, including Iawye's Jess and title
searches, reasonably incurred or paid by fhe_ mortgagee because of the jailtu~e of the mortgagor to promptly
and jolly comply with fhe agreements, stipulations, rnnditions and covenants of said note and this mortgage,
w either; to perform, comply with and abide by each and every llte agreement. atipulatbns. conditions and
covenants set forth In said note and this mortgage or either. In the event the mortgagor jails to pay when
due any fax, assessment, insurance premium or other sum of money payable by virtue of said note and tht
mortgage, or either. the mortgagee may pay the same, without waiving or of
jtscting fhe option to foreclose
w any other right hereunder, and all such payment shall bear interest from date thereof of fhe highest law-
f ul rate then allowed by the laws of the State o/ Flo?tda.
any sum o j money herein ref
erred to be _not promptly paid within fifteen dads next after
fhe same becomes due, or Ij each and every fhe agreements, stipulations, conditions and covenant of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and.this mortgage, or fhe 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 rnntrary notwithstanding. Failure by the mortgagee to exercise any of the right or options herein
provided shall not conslilttfe a u~aiuer of any rights or options under said note w this mortgage accrued or
thereafter accruing. `
~n 1Vl~n~ ~~~lr the said mortgagor has hereunto signed and sealed these presents the
clay and year jIrst above u?rilfen.
Sign algid and delft d he pres a of
MA -..~11Q
C
i
STATE OF FLORIDA,
COli2V'TY OF
St. Lucie I HEREBY CERTIFY that on this day. before tae, an
officer duly authorized in the Suu aforesaid and in the County aforesaid to ukc acktwwkdgments, penottally appeared
Mark E. P.nderson and Joma L. Anderson, his wife
to me krawn to be the prrson g described in and who executed the foregoing instrument and Who acktwwkdged
before.me'tbat they executed the same.
WTINES~m~t hand and official seal in the County and Sutc last aforesaid this day of
z:! r # Augaat A. D. 19 79.
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17iis hulrumcn~ prpaa~I by: ~~ttD`VERtfteo_.
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