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and shall perform, comply with and abide 6y each and every the agreements, sfipulalion's, conditions and
covenants Ihereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and void.
end the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and
interest artd ollter sums of money provided for In said note and this mortgage, or either; to pny all and
singular the taxes, assessments, levies, linbIlities, obligations, and encumbrances of every nature on said pro-
perty: fo permit, commit or slit
fPr ?to u~asfe, impairment or deterioration of said land or the improvements
thPrecn of any time: Io I;PPp fI1P buildings now or herPa f ter on said land fully insured in a sum of not less
than hic?hest insurable value .
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, artd in 1hP euertt arty sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any strrpltrs; to pay all costs, charges, and expenses, including lawyer's fees and !ills
searches, reasonably incurred or fwid 6y the mortgagee because of the fnilttre of the mortgagor to promptly
and folly comply urith the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; fo perform, comply with and abide by each and every f?te agreements, stipulations, conditions and
covP?tants set forth in said note and this mortgage or either. In the event the mortgagor (ails to pay when
due any tax, assessment, insurance pre-mitrm Or airier sum o) rttoney puyGble by virtue of said nose and this
mortgage, or either, the mortgagee may ~ pay the same, without waiving or of
f
ecfing the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest haw-
ful rate t?ten allowed by the laws of the State of Florida.
arty sum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or i( each and every the agreements, stipulations. conditions and covenants 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, artd this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary nohoifhstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n witness thereof, tl?e said morfyayor has IlPreunta signed and SPQIPd f?IPSP prPSeRIS the
day and year first above u~riHen.
Signed, sealed and delivernd in the presence o(c
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~ STATE OF FLORIDA,
COC'\TY OF St . Lucie
[ I HEREBY CERTIFY that on this day, before me, an
officer duly authuriTeet in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Philip L. Bute. and Donna C. Rutz, his wife
to me knorcn to hr the p•rwn gdescribed in and who executed the foregoing instrument and whn acknowledged
txforc me• that they executed the same. n
~ 1'1'1 \ESS my hand and official seal in thr County and Stair last aforesaid this ~"1 day of
nctober D. l9 7 ~
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