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anti shall perform, comply with acid abide 6y each and every the agreements, atipulafiotis, conditions and
covenants tltereoj, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termirte and be null and troid.
I1~ the mortgagor herrn6y further covenants and agrees to pay promptly when due the principal and
fnteres! and other sums of money provided for in said note and this mortgage, or either: to pay all and
singular the tare:, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit. commit or strjjer no waste, impairmertl or detertornfion of said land or the improvements
fherecn of any limp: fo keep the buildings now or hereafter on said land fully insured in a sum of not less
thanhighest insurable value
in a company or companies arreplable fo the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured. accounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers jeer and Title
searches. rPUSOnably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
and fully comply wish the agreements, stipulations, conditions and rnvenants of said note and Ibis mortgage.
or either: to perform, comply with and abide 6y each and euery the agreements, stipulations, conditions and
covenards set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tats, assessment, insurance premium or outer sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting fire option to foreclose
or any other right hereunder. and all such payments shall bear interest from date thereof at the highest law-
ful rate then .allotverl try the laurs of the State of Florida.
~l arty s+im of mo?tPy {terein relprred to be not promptly paid within thl'rty days next after
the same befonlPS due, or ij eoch and every the agreements, stipulations. conditions and covenants o/ said
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 !hereon, shall /orthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary notu~ifhstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not consfiftrte a wait+er of any rights or options under said note or this mortgage accrued or
fherea f ter accruing. `
~n ~itneSS ~het'Q~f, the said mortgagor has hereunto signed and sealed these presents the
day and year first above writ?en.
Signed, sealed and deist=p rd in tht. pre ? e of
Francis C. McLocklin
Charles J. H de
1
I _
I STATE OF FLORIDA,
f I c(n~`TY OF ST. LUCIE
I I HEREBY CERTIFY chat on this day, before me, an
j ~ otiicer duly authorised in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
FRANCIS C. McLOCKLIN and CHARLES J. HAYDE
to me known to he the prrson $ described in and who executed the forcQOin¢ instrumrnt and they acknowledged
Ircfore me that they executed the same.
1~`[7 `ESS my hand and official seal in the County and State last aforesaid this 14th day of
December A. D. 1979
N t y Publ C
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MY COMMKSIdF1 t7VIRfS ~t . 1? 19tH
K)Nt)ED IHRU t:,ENER/~l INS . UPIOERWRtTEfZS .
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