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s.nd steal[ perform, comp[p with and abide by each and every the agreement:, stipulations, cortdttions and
~ cvvenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and croid.
the mortgagor Newby further covenants and agrees to pay promptly when due fhe principal and
Interest and other sums of money provided for in sold note arsa stets mortgage, or either; -to pay all and
singular fhe taxes, assessments, levies, Ila6ililies, obligations. and enctunbranees of every nattue on sold pro-
. perry; to permit, commit or suijer no, waste, impairment or deterioration of said land or -the improuemenb
theriron of any lime; to kt•ep the buildings now or hereafter on said land fully insttr+ed to a stun of not less
than full insurable value
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held by, and payable
to, said mortgagee, and in fhe event any stun of money becomes payable by villas bj such instuance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, ae~otutting
to the mortgagor for any surplus; to pay all costs. charges,-and expenses, incltultng lawyer's Jess and title
searches, reasonably incur?ed or paid by the mortgagee because of the failuntr of the mortgagor to promptly -
and fully comply with thg agreements, stipulations, conditions and covenants of said note and stets mortgage.
or either; to perform, rnmply urilh and abide by each and every the agreemen4, stipulations, conditions and
rnuenants set forth _in said note and this ~rtorfgage or either. In the event fire mortgagor jails to prey when
due any tax, assessment, insurance premium or outer sum oj. money pnya6le 6y virtue of said note and this
mortgage. or either, the mortgagee may pay the same. without waiving or affecting the option to foreclose
or any outer right hereunder, and all such payments shall bear interest from date ther+eoj at the highest Inw-
ful rate then allowed by the laws of the State of Florida.
any sum of money herein referred to 6e not promptly paid within 15 days-next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said
note and stela mortgage, or either. are not fully perfo?med, complied with and abided 6y: then the entire
sum mentioned to said note. and this mortgage, or the entire .balance tutpaid thereon. shall forthwith or
thereafter, nt the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to fhe_ contrary notwithstanding. Failure by the mortgagee to exercise any of fire rights or options herein
provided shall not rnnslittrte a waiver n( arty rights or options under said note or this mortgage accrued or
Ibereafler accruing. -
~n ~idlesS ~hereo~, the said mortgagor has hereunto signed rend sealed these presents the
day
and year first above tvritten. -
- ign led rend delivP in fhe presence oj: _
Teri ~~Ba rte
_ -
-
STATE OF FLORIDA, _
COUNTY OF $t . LUCle_
I HEREBY CERTIFY that oa thu day, before r»e, as
officer duly authorized in the State aforesaid and in the County aforesaid to take ackrwwledgments, . persomily appeared
H. ALLEN BALDREE,
to me known to be the person described in and who executed the foregoing instrument and ilg acknowledged
before me that rte executed the same. _
WI1"NESS my hand -and official seal in the County and State last aforesaid this 21St day of
September A. D. 19 79. _ ..~:crtcr,;r-. -
•
- 3-
~9I9 SE? 21 A:. it- 58 N lacy Public, ~ _ate FIs~
! at Large.
FI~I:o~r:e4ECE?~~~~t~ My commission espj.~t3s~
- ST.LUClE COU}iTY.fIA. ~ , ' -(r~ I./'=.: • - -
fi "
ROGERPOITRAS ~,-f N
CLERK taRCi1R C/C~TtT
4tva.T~-• ~~11 Prbirr Stall o/ et
RECORO ~'ERIrtEL~_.L~ luiy Caetttissios E,tp;ras t)ecr~bt
so.e.s M n....~.. r.. a c,..wr c~w..r
X0010 ~Y "l/
1
I7,u I,rsrramcrt prrpared by: Charles J. Dor"fman of Gilbert, Dorfman ~ Orr, P.
Addn7s P • 0 . Box 3388~j~,~Fort Pierce , Florida
kt~W.)~ ~ S(1T2