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and shall perform, cotc.ply with and abide by Pnch and every the agreemertls, stipulationi, rnndittons and
covenants tltereof. and of this mortgage, then this morlgagP and the estate hereby rreafed, shall cease, de-
tPrmine and be WWII and void.
i<l~ fhP mortgagor hPnrby f urfher covenants and agrees to pay promptly when due the principal. and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and
singular fhP tares, assessments, IPVIPS, liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit. commit or suf/er no waste, impairment or deterioration of said land or the improvements
1hPrncn at only time: fo ItPPp 1hP buildings now or hereafter on said land /ally insured in a sum of not less
than
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in IhP event any sum of money becomes payable 6y virtue of such insurance the
mortgagPP shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably Ir1C11IiPd or paid by fhP mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, comply uritlr and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any. tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or eillter, Ilte mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right IterPtrnrler, and aII such payments shall bear infernst from date thereof nt the highest lnw-
ful rote then alloured by the Ian's of the State of Florida.
)f any sum of money herein rPlPrred to be not promptly paid within thirty days next of
ter
the same bPCOmeS due, or i f PACK and Pl'Pry the agrPemPntS, stipulations, conditions and covenants of said
note and this morlgagP, or eiflter, are not 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 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not fOI1StItU1P a wa1DPr Of any rights or optians under said note or this mortgage accrued or
thPrna f ter accruing.
~n witness thereof, the said mortgagor has IIPfPUntO signed and sealed these presents the
day and vear firs! a1wvP u'riNen.
Signed, sealed and delivernd in the presence of
i •
. - . - _ - - _ - t ~ - - - - - .
Louis D. Arcaro, Jr.
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STATE OF FLORIDA, O~~/
COI,'\TY OF ~o
C~.
I HEREBY CERTIFY that on this day, before me, an
officer duly authoriu•d in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
Louis D. Arcardo, Jr.
to rim.• known to be the person described in and who executed the toregoinq instrument and Who ackrwwtedRed
Irr(or~• me that t1 a executed the same.
H'I"11ESS any hand and official seal in the (:ounty and State last aforesaid this ~t~ ~ day of
November n. 19 79
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NOTARY Pt3BLIC
~ t9 z~ Y COMMISSION EXPIRES:~3 -~03
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