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and shall pt+rJo?m. comply tt+ith and abide by each and every the agreements, stipulations, conditions and
covenorats tltpreoJ, acid of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
fe?mine and be null and voirl.
Iin~ flse mortgagor lternby (urllser covenants and agrees to pay promptly w{ten due the principal and
irateresl•artd oilier sums of money proaided Jor in said note a?td this mortgage, or either; fo pay all and
singular flap tares. assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit. commit or suffer ?ro u+aste, impairment or deterioration of said land or the impwvemenls
lherra•n of any time: to ?rnep the buildings now or hereafter on said land fully inst?red in a sum of not less
than
in a company or companies atreptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, a?ad in the event any sum of mo?aey becomes payable by virtue of such insurance the
mortgagee shall have the rfgla! to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor Jor any surplus: to pay all costs, charges, and expenses, including lawyers fees and title
searches, reasonably incurred or paid'by the mortgagee because of the failure of the mortgagor to promptly
and Jt?Ily a-omply u+ith Ilse agreemerafs, stipulations, conditions and cor+enants of said note and this mortgage. ~
or either; fo pprforna, comply with and abide by each and every the agreements, stipulations, condition! and -
conena?afs set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any [ax, assessme?tt. insurance premium or other sum of money payable by 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 other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
f ul rnte then allowed by the lnu+s of the State of Florida.
~l any sum of money 1?erein relerred to be not promptly paid within 30 days next of ter
fhP same becomes d??e, Or iJ each alld PI+Pry the agreements, sfipt?lafio?as, conditions and covenants of said 7
note and this mortgage. or either, are not fully performed. complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
fhereaffer, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary nofu+illaslanding. f=ailure by fhp morfgagep to exercise any of the rights or options herein
provided shall not constitute a u+aiver u( any rights or options under said note or dais mortgage accrued or
thereafter accruing.
I ~tt ~lttleSS whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year Jirsf above a+riflpn.
Sfg d, sealed d delft+errd in fhp presence aJ:
~nj-
Dennis 0_ Yo
• Lorraine B. Young
STATE OF FLORIDA, I
~ c:cn'~•rv c~F ST. LUCIE i
I HERESY CERTIFY thaa on this day, lxtore me, an
( officer dul}• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Dennis 0. Young and Lorraine 8. Young, his wife
to mr known to be thr person dexribed in and who executed the foregoing instrument and they acktwwledRed
txfon• me that they executed the same.
N'f71~ESS mr hand and official seat in the County and Stair last aforesaid this ~f~ day oI
ii C_ 7 c+~~,~ A. D. 1979
464'718
+~-r 2~ Notarp Public. State o! Fbrid~ at loge
9 ~ - 2 2= My comni ss i on expires : Mr Coaami:siw? Fspires Sept. 6, tg8t
. sax., b Aw~ric~e iw G,w4, C • (SU1L ~ '
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After recording return to below: -
%i~ /rrslnurrfrr/ prrpur?-tl hy: Dennis Young
:1.1.lrrss 239, South Indian River Drive
{ Fort Pierce, FL 33450 alt J~9 PAGE~859
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