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nnd shall perform, comply with and abide by mach and every :he agreements. stipulations, conditions and
rnnenants thereof, and of lht: mortgage, then this mortgage and the estate hereby creoted, shall cease, de-
termtne and be null and void.
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the mortgagor hereby further covenants and agrees to pay promptly when due fke princtpnl and
interest and other sums of money provided for in said note and this mortgage, or etcher; to pay all and €
singular the tarps, assessments, levies, liabilities, obligations, and encumb?ances oj'every nature on said pro-
perty: to permit, commit or suffer no waste, impairment or deterioration of said land or the Improvements
thereon at any time; to Itepp the buildings now or hereafter on said land fully insured in a sum of not less
titan $25, 00.0.00 in fire and windstorm insurance
in a company or compnntes acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by uittue of such inatunrtce the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, acoountfng
to the mortgagor jor any surplus; to pay all costs, charges, and expenses. including lawyer's Jess and title
searches, reasonably incurred or paid by the mortgagee because of the jailur+e of the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and covenants of sad note and this mortgage.
or either; to per/orm, comply with and abide 6y each and every the ugresments, stipulntiorst, eondttions and
covenants set forth to said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment. insurance premium or other sum of money payable by utNue of said note and this
mortgage. or either, the mortgagee may pay the same, tuithout watvtng or of
feeling the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
(ul rate then allowed try the laws of the State of Florida.
~L any sum of money herein referred b be not promptly paid within 30 days next• after
the same becomes dos,, or if each and every cite agreements, stipulations, rnnditiorts and rnvenants of said
Hots and this mortgage. or either, are not fully performed, complied with •nnd abided by, then the entire
sum mentioned in said note,- and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything trt said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n u+aiver of any rights or options under said note or this mortgage accrued or
thereafter accnring.
~n ~i~ness ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed red in the presence oj:
t~
STATE OF FLORIDA,
cov:vTY of St . Lucie
f HEREBY CERTIrY that on this day, bcfort me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, prrsonalty appeared
Timothy Phillips and Jeraline Philips _ -
to mr known to be the pcrsor?S described in and who executed the foregoing instrument andthey acknowledged
before me that they rzccuted the same.
tYIT:~ESS my hand and official seal in the County and State• last aforesaid this 26th day of
September A. o. 19 79
4~t!58`7 N~
Stale j E
.f.:~da of tu. I
- M~anmission t::cF:re. Jun. 46r 19x0- ~ ~'f~+
1979 Sri 2T P~~ 1= 50 ~ A~~~,~ h,o ` co„pty ~ . s•; ~
S ROGQR POIT!?AS o.
c1.ERK ClRCUlj CCU?`S ~ ?:''-=d'` ~
_
%iJ Iuslmin~u/ pn pnrrit' t'ry: F . A . Harris ~ u 01
410 Oran a Ave . c~
t1,1,lru g auaKJ1~ P~~E1339
Fort Pierce, Fl. -