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and shall perform, comply with and abide by each and every the agreements, sllpuhttion's, conditions and !
cavenants thPrPUf. and al this mortgartP, then this mortgage and the estate hereby created, shall cease, de-
fP?mine and I>P null and void. -
IZn~flte mortgagor Itervby further covertanls and agrees fo pay promptly when due the principal and -
InlPrest and outer sums of money provided for in said Hole and this mortgage, or either; fo pay all and
singular rite taxes. assessnte?tfs, levies, liabilities, obligations, and encumbrances o/ every naftrre on said pro-
pP?ty: to permit, commit//or suffer no waste, impairment or deferiomfion of said land or the Improvements
IherPCn al arty time; fo RPPp IIIP buildings rtour or hereafter on said land /oily insrwed In a sum of not lest
titan the full insurable value
in a rompanp or companies acceptable to the mortgagee. IhP policy or policies to be held 6y, and payable
to, said mortgagee, acrd in the PvPnl any sum of money becomes payable by virtue of such insurance fhP
mortgagee shall ItavP fire right fo receive and apply the same to the indebtedness hereby sectued, accounting
to the mortgagor for any sttrpltts; fo pay all costs, charges, and expenses, including lawyers fees and title i
searches, reasonably incurred or paid 6y the mortgagee becatue of the fai[tue of the mortgagor to promptly
and Itrlly comply with fire agrPPmP11tS, stipulations, conditions and cot~enanfs of said note and this mortgage,
or either: fo perform, c-omply with and abide 6y each and every the agreements, stipulations, rnnditions and ~
cove+tartls set forth in said note and this mortgage or either. In fire event the mortgagor /ails to pay when
due any tax, assessmP?tt, irtstrrancP premium or outer sum o/ money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or a//ecting fire option to foreclose
or any other right heretutder, and all strl'h payments shall bPaT infPlPSf from date thereof at the highest law-
ful rate then alloevecl by rite laws of the State o/ Florida.
1~ arty Bunt o/ money hPfP11t rP1PrrPd t0 he not promptly paid wifhir~~t~ days next after
fire same beCOn1PS titre, or if - each and every the agreements. stipulations. conditions End covenants of said
note and this marfga{te, or either, 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 rite mortgagee, become and be due and payable, anything in said note or herein
to fhP contrary nottvrlhstanding. E'ailurr by the mortgagee fo exercise any of the rights or options herein
provided shall riot carlStlflttP a waiver of arty rights or options under said note or Ibis mortgage accrued or
Iherecffer accruing.
~n witness thereof the said mart ~ ar has hP1'PlrntO SI ned nd se le then s
f 9 4 g a a d a present the (
day and year first above toriflen.
Signed. sealed and delivered in the presence ol:
/ .
C ~ J
Z/ ~
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I,~,~ ocrosend
- - - .X. . s
1 Margar Townsend ~
. . _ - _ t
STATE OF FLORIDA,
I
cOC`~TY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before tae, an
officer dul~• authorized in the 5tatr aforesaid and in the County aforesaid to take acknowledgments, personally appeared
LARRY S. TOYJI~SEND and MARGARET TOWNSEND, his wife
to me known to Ix• the prrson s described in and who ezecuted the forc~oinq instrument and theyarknowlea~ed
~x~fore me that they executed the ume.
N1"1-HESS my hand and official seal in the County and State last aforesaid this 30th day of
November , A. D. 19 79 .
F}}LED aN`. fly
n rr7---•
c~Ek~~ "Jw
R~
~ N tary Pub is -
RECO~' r - - €
2 21 Pu ~ State of Florida at La~rge'~ }
N~ -
' My commission expires;) -
~ 46'7"l5~.. 5 -
.
!leis hls~ryimr,rf p>r-pc~r~J try: Guy R. Bruni, Esq,
Sc~te ?~3. C iz~ns Federal Bldg.
:1c%/rt-ss 8&+10 S. Fec!eral Nwy,
Port St. Lucie. Fla. 33452 31 ~~K 321 PaGE ~~O