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and shall perjonrt, comply with and abide by each and a?ery the og!-:r ~«.~fs. stipulations. eostditiont and
cotYnanis lhereoj, and ofthis mo?fgaps, then this mortgage and the ratofs hereby created, shall cease, de-
!ermine and be null and twirl. -
nll[i the mortgagor Newby further c+otrtnartts and agt~s la pay promptly when dw the principal and
ietterest and other sums of money provided Jar to said nola and tht: mortgage. or either; to pay all and _
singular the faxes, assessments; levies, liabilities, obligottons, and encumbrance: of every nafttro on said pro-
perly: to permit, commit oT stiffer no wcsle. impairment or detsriornfton of said land or the improvements -
iherPCR of mty time; to beep the b.~adinbs now or 6et~eajter on said Gtnd fully ituurod in a sum- o/ not less
than
in n rontpany or compnntes acceptable to the mortgages. the policy or poltcte: to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money 6eeomea pe?yable 6y virtue bj auch iratu+outce the
mortgagee shall, hates the right to rrceiue and apply the same to the indebtedness hereby sectu+sd, aeeottnting
to the mortgagor for any surplus: to pay all costs, charges,' and expenses. including lawyer's fees and titb
seatrhes, nKtsonably incutml or Natd 6y the mortgagee becattae of the jailor of the mortgagor to promptly
and fully comply with the agreements, stfpulations: co.tdttions and covenants of soid nets and this mortgage,
or either; fo perform, comply with and abide 6y each and every the agreements, sfipulatioru, conditions and
rot+enants set forth in sni~l note and this mortgage or_either. In the event the mortgagor jails to pay when
due any"tax. assessment, insurance premium ar other sum of money payable 6y virtue of said note and this _
mortgage, or either, the mortgages 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 thereof nt the highest law-
f
ul :ate then aUowetl by the laws- of the State of Florida. -
any stem of money herein rejetred to be not promptlT•-paid within th~ty Boys next after
the same becomes due. or ij each and every the agreements, stipulations, condition. and rnt:enants of soid
- note and this mortgage, or either, are not jolly perjotmed, complied wfth and abided by, then the entire
sum mentioned to said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
fher+eajter. at the option of the mortgagee, bPCOrrte and 6e due and payable, anything in said note or.herein- _ -
to the contrary notwiths[anding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute a tuait+er of any rights or options under said note or !iris .mortgage ncaued or
lhereajfer accruing. _ -
~n ~~D`s - the said mortgagor has hereunto signed and sealed these presents the
day and year (int abot+e u+riflen. -
Signed, sealed and deG 'in the presence of : - -
- 81 W. Mer
~ -
.-a A . Merryman
- - -
STATE Oy~ FLORIDA,
courrTir of _ST. LZTCIE
i HEREBY CERTIFY that on this day, before roe, an
officer duly -authorized in the State aforesaid and in the County aforesaid to -take acknowledgments, personally appeared
Bi11 W. Merryman and Barbara A. Merryman, his"wife, -
to me known to be the persot8 described is :nd v~ho executed the foregoits~ instrument and they acknowledged -
hefon me that they executed the same. - - -
Wf7'NESS my hand and official .sea! in the County and State last afotYSaid this ~l' ~ day of
a7anIIarY A. D. 19 80 •
~f ,
NOTARY UBLIC, Stag;~'~ - r , .
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r at Larqe . , . ~ -3-I ~ _ t
JAN 29 P~ ~ 40 My commission espi>Eea i ~ ~ . 4-.
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