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and shall perform, comply with and abide 6y each and every the agreements, sttpulafloris. rnndtflona and
covenants thereof, and o) this morfgape, then this mortgage and Ihs estate heroby created, shad cease, de-
terminP and be null and twirl.
71~ IhP mortgagor here+by further covenants and agrees fo pay promptly when due the principal and
interest and other st?ms of mo?tey providead for In said note and this mortgage, or either: fo pay all and
singular the taxes, assessments, IPlriPS, liabilities, obligations, and encum6ronces of every nature on snid pro-
perty; to permit. commit or suffer no waste, impairment or deterioration of said land or the improvements
lhPrecn at any time; to liPPp fbP huildings now or hetraJlPr on said land fully insured in a sum of not less
than X18,000.00.
i?t a company or companies acceptable to the mortgagee, the policy or policies to 6e held by, and payable
to, said morfgngPP, and in 1hP Pnent arty st?m of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounttng
to the mortgagor for any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply u~ifh the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, comply with and abide by each and every the agreements. stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor Jails to pay when
due any tax, assessment, irtsttrance 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 of
jecfing the option to foreclose
or any other right hereunder, and all such payments shall benr Interest from date thereof al the highest (aw-
ful role then allotoeel by the loins of fbe State of Florida.
~f arty sum of mo?tey herein referred to be noI promptly paid within thirty days next alter
the same becomes due, or iJ each and every the agreements, stipulations. conditions and cotenants of said
note and this morfgarye, or either, are not fully performed, rnmplied 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 notu~ifbstanding. F=ailure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n tnaiver of any rights or options under said note or this mortgage accrued or
thereof ter accruing.
7 1s1:a..--- 7llL r
Di~ ~/?liirSS ~1ii~i'E`Ulr !be saiel mortgagor bas herPUntO signed and sealPA these presents the
~ day and year first above tvrillpn.
Signerd. sealed and delivered in tl?e presence oJ: ~ .
v- -
~JACTt ~P~:~
~ 1
THELMA H
I
I _ _ . . ~ -
I
~ `
I STATE OF FLORIDA,
COL'\TY OF St. Lucie
I HEREBY CERTIFY that on this day, before me, an
t
'I officer duh~ authorized in thr Statr aforesaid and in the County aforesaid to take acknowledgments, personally appeared
}
~ JACK P. HOYT and THELMA HOYT, his wife
to mo known to be• the p~•rson S described in and who exrcutrd the foregoing instrument and they acknowledged
before uic that they rxccuted the same.
\~'I"{ \ESS my hand and official seal in th~• County and Stat~• last aforesaid this day of j33
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%ie /~lunutu•til ~nr'pnrr'el hy: LAWYERS TITLE INSURANCE CORPORATION
!1e%/nsl Karen 5. Barkwell
P _ n _ Box 3845 1'~ ~7~ ~ l nn ~