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and shall perform, comply with and abide by each and every the agreements, sfipulnfions, conditions and
covenants thereof, artd of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl.
~1nd the mortgagor hereby further covenants and agrees fo pay promptly when due the p?incipnl and
interest artd other Bunts of money provided for in said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit. commit or suffer rto waste, impairmen! or deterioration of said land or the improvements
r r r r r r. r e •J 1_. J r_.1!__ J! 1
ifiereCfl ai a/1y llalt•; IV Keep ille rrUIIUIIIgS IIUU~ Ur nrie•irl ~a•~ Vii Suiu our R~ luuy iTiSiu ru iii u Siii,. vl iafit .r'ba
than TWENTY-FIVE THOUSAND AND NO/100 DOLLARS, $25,000.00)
in a company or companies acceptable to the mortgagee, the po icy or policies to be Geld by, artd payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such Insurance the
mortgagee shall have the right fo receive and apply the same fo the indebtedness hereby secured, accounting
to the mortgagor for any str?pltts; to pay all costs, charges, and expenses. including lawyers fees and title
searches, reasonably inctr?red or paid by the mortgagee because of the failure of the mortgagor to promptly
and folly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, comply uritlr and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor (ails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
f ul rate `Then allowed by the lows of the State of Florida.
~l any sum of monev herein referred to be not promptly paid within thirty (30~(ays next offer
the same becomes Jere, or if each artd every the agreements, stipulations. conditions and covenants of said
note rr„l t!::~ ntortgaat', or Ce::!::-:, :::r rw) fully performed, 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
thereafter, at the option of the mortgagee, become and be due and payable, anything in 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 a waiver of any rights or options under said note or this mortgage accrued or
fhereoffer accnrirg.
~n witness ~dhereof, the said mortgagor has ltererrnfo signed and sealed t?tese presents the
day and year first above a>ritfen.
$ignP~se le and delirr>red it re reserve oJ: /
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mss'//j/.
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W LCIAM L ~ R C
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N ~H , ~is wife
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STATE OF FLORIDA,
CC)ti\T1' c)F ST. LUCIE
~ I HERESY CERTIFY that on this day, be[orc me, an
oiiicer duh• authorized in the State aforesaid and in the County aion•said to take acknowledgmenu, personally appeared
WILLIAM L. RITCHEY AND KATHLEEN T. RITCHEY, his wife
to me known to tx• th~• pcrwn5 described in and who executed the tore¢oin¢ instrument and they acknowledged
1 Ix(or:• me that they ,•xecuted the same.
N'I7 \ESS my hand and official seal in thr County and Stah~ last aforesaid this 11th day of
October D. 19 79.
Fri ~ Z 4 ""My Commission Lx~:., .s ..::du;t 12~ 1
?~19 OAT 12 ~ - - -
•
S R06C>? PCITR.tiS ~ _
II CLERK ClRCUt' ~~1""T
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462.460
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%!s Ilulrr/!!/f!!l prrpurr-rl hjAis instrument was ~rtpa*c~ h~-: ROBINETTE G.~ OOLEY
First Amerce ~GCap a
~1:Iclr%cr - of St. Lucie C~;:ra•,. tac. •
8380 D S_ U. 5_ t~ilJt~Yray'^ i?K
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