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alit{ Shall f / ry g p
per orm, rom rly tnith and abide by each and eae the o reements, Sfi u[ations, conditions and i
covenants thereo/, and o) lhis morlgape, then Ihis mortgage and 1hP PsfalP hereby crPalPd, Shall cease, de- {
ferminP and be null and Iroid. -
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Iln~ IhP mortgagor Ilemby f urlher covenants and agrees !o pay promptly when due Ills principal and t
i?Iteres! and ofller sums of mo?ley provided for in said note and this mortgage, or either; to pay all and i
singular IhP tares, assessrnenls, levies, liabilities, obligations, and encumbrances of euery nattue on said pro- {
perly: la permit, commit or suffer no waste, impairment or deterioration of said land or the improuemenfs 1
Iherrcn of any time; to {rPPp 1hP buildings note or hPrPaf
ter on said la?Id fully insured in a sum of not less
than Full Insurable Value ?
ire a company or companies acceptable 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 i
mortgagee Sllall IIavP the right fo MCeII/P and apply the same to the indebtedness hereby secured, accounting t
to flee mortgagor for any stlrpllls; fa pay all costs, charges, and expenses, including lawyer's (PPS and title
searches, reasortal/ly irtcttrred or paid by thP'morfgagee because of the failure of the mortgagor to promptly
and ft/lly comply «~itll Ilse ag?eeme?Its, stipulations, conditions and covenants of said note and Ibis mortgage,
or either; to perform. (•omply u•it{t and abide by Pach anti every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any fax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagt'P may pay the same, without waiving or affecting the option to foreclose
or any other right IlerPllrtder, a?1(1 all s?ICh payments shall bear interest from date thereof at the highest law-
f ul rate then allou~e(1 by fhP laws o/ the State o) Florida.
arty sum of morrey IlPrein referred to be not promptly paid within 15 days next after
1hP same becomes d11P, or i/ Pach and e1~Pry the agrPPmPrlts, stipulations, conditions and covenarlls of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentior?Pd in said note, and Ibis mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, nt the option o) the mortgagee. become and 6e due and payable, anything in said note or herein
to fhP contrary noftvtthsfanding. Failure by the mortgagee to exercise any of the rights or options herein
provide(l shall not consfiluft; a waiver of any rights or options under said note or this mortgage accrued or
f'I Prea'fer aC('rlllrlg.
~n ~itneSS thereof, the said mortgagor has 1lereunlo Sl/tned and Sealed fhPSP presents IbP
day arl(I year f irsl abave IvritlP?1.
Signed, s IP(t~ and dPliverP}( in the presence of : `
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j STa"TE OF FLORIDA, 1
COC~TY (1F St. Lucie i
I HEREBY CERTIFY that on this day, before me, an
~ offirrr duly authorirrd in the State aforesaid and in the County afor(said to take acknowled¢mcnts, personally appeared
i
~ DONALD J. McDONALD and SANDRA J. McDONALD, his wife
i
j to m.• known to hr the persons described in and who executed the forr¢oin4~ instrument and they arknowkdRed
l,r(ori• tnr that they executed the same, ~ f
~~'ll \ESS mg hand and official seal in the• County and State• last aforesaid this 31st. day of
December D. t9 79
Notary Pub is .
- • • } r, ~ I~tFr't I MY CaRtntlission Expires:
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NMr?1lMsMtM11~ArM1a~
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FtIEC lili0 P: Girri•: i~ 1
S1.LUCIf CCI.:ViY.fIA.
ROGER pOtTFhs
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