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and shall perform, t~omply u'tfh and abide by each and every the agreements, sftpulallons. condlflons and
~cove?tanls thereof. and of this mortgage, Ihen Ihis mortgage and the estate hereby created, shnU eerie. de-
lermine and be null and void.
111f~~ IhP mortgagor herv•Iry further rnvertanls and agrees to pay promptly when due the prtncfpal and
infe?rsl and atlter sums of money provided for in said note and Ihis mortgage, or ellher; fo pay all and
singular the faxes, assessmertls, levlPS, liabilities, o6llgalions, and encumbronces of every nature on said pro-
perly: to permit, commit or str(fPr no tvasfe, impairment or dPIPrlOrotiOn of said land or the Improvements
IhPrP+•n nl any limp; fo ~PPp IIIP buildings now or hereafter on said land fully insured in a sum of not less
Ihnn highest insurable value.
In a comirany or companies accetrlablP to the mortgagee, the policy or policies to be held 6y, and payable
to, sold mortgagee, and in the etrenl any strm of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor (or any surplus; to pay all costs, charges, and expenses. Including lawyers fees and t1lle
searches, reasortalrly irtcrrrrerl or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and jolly comply urith the ogreemertls, stipulations,. conditions and cotrenanfs of said note and this mortgage.
or either: to perform, comply with and abide by each and every the agreements, sfipulaltoru, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
- due any lax, assessment, insurnnce premium or other sum of money payable by virtue of said note and this
mortgage, or either. Ilte mortgagee may pay the snore. without uraiving or a(f
ecling the option fo foreclose
or any other right hereunder, and all such payments shall bent interest from date thereof at the highest law-
(ul rate then allowed by the laws of the SfafP of Florida.
{ DL any sum of monPv herein re(Pned to be not promptly paid within thlrt1l days next pjler
~ the same becomes due, or i( each and every the agreements, stipulations. conditions and covenants of said
no1P and Ihis ntortya~te, or either, are trot 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
fherea f
IPr, al Ilre optiart of the mortgagee. become and bP ~ltre and payable, anything in said note or herein
fo the rnnlrary nohvifhslanding. f=ailure by the mortgagee to exercise any of the rights or options herein
provided stroll not constitute a waiver n( any rights ar options under said note o? this mortgage accrued or
1 therea(ler accruinn.
~n ~~tnfss ~~Ct!)f, the said murt~tayor Ira. hereunto signed and sealed these presents the
1
rlm• nnrl year first nlror~e u•rillen.
Signed, sealed elivered in the presence of : • •
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~.E..naCa.. C - .i~ rl~ ..tom
~ . ~.YN J Y. - - . .
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STATE OF FLORIDA.
COC'VTY OF St . LUCle
I HEREBY CERTIFY that on this day, before me, an
officer dolt authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
.Tames I. Minix and :+~farilyn J. Minix, his wife
to m~• known to Fx• the person gdeuribed in and who ea~cuted the foregoing instrument and ~i/}lq acknowkdged
Ix(or~ me that they executed the same.
~YI7 tiF.SS my hand and official seal in the County and Sute last aforesaid this day of
,Y
December A. D. 19 79.
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N(1TARY...PtTTi~I;7(' - -
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