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and shall perform, comply with and abide by each nrtd every the agreements, aftpulatton's, conditions and
covenants thereof, and of this mortgage. then Ihis mortgage and the eafale hereby created, shall cease. de-
lermine and 6e null and tmid.
the mortgagor pert+by Jtuther covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided jor in said nose and ibis mortgage, or either: to pay all nrtd
singular the lases, assessments, levies, liabilities, obligations. and encumbrances of every nature on said pro-
perfy; fo permit. commit or sujjer no waste, impairment or delertorofion of said land or the improvements
lherecn of any lime: to keep the buildings now or hereafter on said land fully insured in a sum of not less
than the highest insurable value _
inn r-ampany ar companies acceptable to the mortgagee. the policy or policies l0 be held 6y, and payable
lo, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shalt have the right fo receive and apply the snore to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus: to pay all rnsts, charges, and expenses, including lawyers fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
rend Jttlly comply u~ifh the agreements, stipulations, conditions and covenants of said note and Ihis mortgage,
or eill~er: to perform, comply with and abide 6y each and every the agreements, stipulations, rnndilions .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, insurance premium or other sum of money payable by virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date ther+eoj of the highes! law-
~nl rate them ulluwe+l I,y the laws of the State of Florida.
~l any sum of money herein re(prred l0 6e no! promptly paid within 3~ days next after
the same becomes due, or ij each and every the ngreemenfs, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said Hole, 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 nohviihslandi?Yg.~=ailure by the mortgagee to exercise any of the rights or options herein
provited shall not consfittrfe a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itneSS thereof, the said mortgagor has hereunto signed and sealed these presents the
day and year just above tnritfen.
- Signed, sealed and delivered in the presence of
JOSEPH P. G CE
• .
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STATE OF FLORIDA, -
cOUtiTY OF ST. LUCIE
- I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appearrd
JOSEPH P. GRACE and PATRICIA G. GRACE, his wife,
and TERRY D. VITALE, a single man
to me known to be the persorg described in and who executed the foregoing instrument and thegti~ t+ckaowkdged a
? y- t
before me that they executed the same. `t~ttRi.ri.
~~'i"1'tiESS my hand and official seal in the County and Stat~• last aforesaid this ~I ~~Qd~?rof ~
+r ei ,
~ 4'2924 - - - - - - -
i:atrY Pc~:~:, St_te o} Fi.•,f:ia a r } ~ti
1.iy tor.++ausian E,r.res ~,--:nr:fi 9;11$J.. 1
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t,•.,
130 JAN I7 AEI 29 -
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f1LE0 r.N(,' F:-CCr,GE 0 ~
S ROGER
P017RA5A
CLERK ClP.CWY COtS,fi1
R~CrsD ~~r~ti';~ _
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This Instrument was prepared by: -
JEFFREY R. MINER _ •
l !%is hu/ninr~irlt(~ 1~?: p~ l N E R, P. A.
Pentf;ocse I Ame:,can Sarin5s [31dg. 6Q~~~ P~tEz~1
AJr!>r~ts 2500 East Ha:Icndale Beach Boutevatd 's
D n o,._ one. i