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and shall perform, rnmply with and abide 6y each and every the agreements, stipulations, eondifto?ts and
rnt+enanls thereof, and of this mortgage, then This mwtgage and the estate hereby created, shall cease, de-
terminP a?id he null and twirl.
~nd the mortgagor hereby further 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 the tQXPS. assessments, Levies, liabilities, o6ligafians, and encumbrances of every nature on said pro-
perty: fo permit. commit or strjjPr no u+asle, impairment or deterioration of said Land or the improvements
ther+ecrt at arty IintP; to keep the buildings now or hereafter o?t said land fully insured in a sum of not less
than full insurable value. -
in acompany or companies accPpta61P to 1hP mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in fhP el+Pnt any sum of money becomes payable 6y t+irtue of such insurance the
mortgagee shall have the right fo receit+e and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any sttrpltts: to pay all costs, charges, and expenses, including Lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo prorrtptly
and jtrl[y <-omply u+ith the agreemertfs, stipulations, conditions and cot+enants of said note anti this mortgage.
or eillter; fo perform, comply u+ith and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. /n the event the mortgagor jails to pay tuhen
due any fax, assessmnrtf, irtstrra?tcP premium or other sum of money payable 6y virtue of said note and this
mortgage, or eillrer, the mortgagee may pay the same, without .waiving or affecting the option fo foreclose
or any other right IterPtrnder, and alI such payments shall bear interest from date thereof at the highe:t law-
fuI rate Ihen dllou+ed by the lau+s of the State of Florida.
D` any sum of money herein referred Io 6P not promptly paid within 15 days next after
the same becomes titre, or if each and et+ery the agreements, stipulations. conditions and covenants of said
note and this morlgactP, 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 forlhttrith or
therenjter, of the option of the mortgagee, become and be due and payable, onything in said note or herein
fo fhP contrary noftr+ifltsfanding. Failure by the mortgagee to exercise any of the rights or options herein
prat+ided shall not constitute a u+aitJer of any rights or options under said note or this mortgage accrued or
thereofler aCCrUing.
~n ~ltneSS thereof, the said mortgagor has hereunto Signed and sealed these presents the
day and yt•ar first above tvriflpn.
Signed, sealed and delivered in the presence of
- . _ - _ amen. r - - - - - .
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STATE OF FLORID:1, f
COC\TY OF ST. LUCIE - \
I IIEREBY CERTIFY that on this day, before me, an
oftirer clot}- authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
` JAMES W. POYNER and DOROTHY H. POYNER, his wife
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to me known to br• the person S deurilxd in and who executed the torcgoing instrument and whO acknowledged
txfon• ale that they executed the same.
N•il \ESS ?n}• hand and official seal in th~• (:ount}• and State last aforesaid this ~y day of
y November n. I9 79
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fIlEO ~ ' -:..cEt) Notary Public
:T. ~ucf • _ - ~ ~ ; S State of Florida at Large .
J PC•,-
C1~-, ~ " - ~ue My Commission Expires" ~ +/J _
RECO~ ~ 1M~
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DEC 3 l~ 2i ~M'~ .
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~ 44; 7869 ' + •
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THlS IHSTRU'AENT PRfPA!!EO Blf: i' .
%lni Ltr~nnr,~,n pa f?nrr~/ hy: Joseph J. DeRoss, Jr., Es -
q., of
A~/r/rr:(c Fee, Kobkgard & Teel, P, q, f,K
P. o. ~X ao~K 321 Pa~f 915 t