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aril shall perform. comply with and' abkle by each and ever the agrwmenb, atipulatioria, condtttoru and
eovsrtonts thereof. and of this mortgage. then this moNgoge and the estate herby coated. shall c~eaae. de-
fermine and be null and void.
the mortgagor hereby f
urthe? eovertanta and agues to pay promptly wltert dw the principal and
tnterwsl and•other soma of money provided jor to said noN and. this mortgage, ar either; to pay all and
singular the faxes. assessments. lwiss. ltabiGtiee. obUgattons. and encumbnanca o/ every rtaturu on Laid pro-
perty; to psrntit. commit or aujfer no wrote, tmpatrmertt or detertoratton of aald land or the tmprovementa
thereon of any time: to deep the buildings now or herrajter on said land juUy trtsured in a sum of not bsa
than highest iasurable value
in a company or companies acceptable to the mortgagee. the policy or poltctee to 6e held 6y, and payable
to, said mortgagee, and in the event any soot of money becomes payable 6y virtw bj such tnsur+anoe the
mortgagee shall have the right to receive and apply the sartta to the indebtedness heroby secwrd. ataootuzttng
to the mortgagor jor any surplus: to pay all owta. charges. and expenser. tncG,dtng lnwyer'a jeea and titb
searches, reasonably incurred or paid 6y the mortgagee because of the jaitun. of the mortgagor to promptly
and fully comply with the agreements. sttpulationa, eortditions and covenanb of said note and thL mortgage.
or either; to perform, comply with and abide 6y each and every the agreemenb. stipulsftoru: cortdittoru and
rnvenanta set forth to said note and this mortgage o. either. /n the event the mortgagor rails to pay when
due any tax, assessment. insttrn?tce premium or other sum o/ money payable by virtue of said note and this
mortgage. or either. the mortgagee mny pry the same. without waiving or of
jecttng the option to foreclose
or any other right.heretutder, and all such payments shall bear interest from date thereof at the highest lnw-
jul rate then allowed 6y the bws of the State of Florida.
7` any sum of money herein re(emed to be not promptly paid within 30 drys next of
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the acme ~bernmes due, or ij each and every the agreements. stipulations, conditions and eovenanb of said
note and this mortgage, or either, are not jolly perjonrted, complied with and abided 6y. then the entire
sum mentioned in said note, and this mortgage. or the entire balance unpaid thereon. shah. forthwith or
thereafter. of the option of the mortgagee, beeorrte and be due and payable, nnythtng in said note or herein
to the contrary notwithstanding. Failwe 6y the mortgagee to exercise any of the. rights or options. herein
provided shall not constitute a waiver of any right: or options under said note or this mortgage accrued or
thereafter accruing.
~n ~tbteSS thereof, the said mortgagor has hereunto signed and sealed there presents the
day and year first ve u?riffen.
Sig sealed deli [n the presence oj: -
Carl '~lbaug
Mar ret M. Coolbaugh
STATE OF FLORIDA. ~ .
COUNTY OF St. Lucie
I HEREBY CERTIFY that on this day. before me, as
o[ficer duly authorized in the State aforesaid and in the County a[oresaid to take acknowkdgments~ personally appeartd
CARL J. COOLBAUGH and MARGARET M. COOLBAUGH, his wife
to me known to be the person 8 descn'bed in and who executed the forcgoin~ instrument and acknowkdaed
~ he[orc me that they eXec„t~d t}1e ,a,m,
E
WITNESS my hand and o(Ficial seat in the County and State last aforesaid this 8th day of
February A D 19 80
:.=t: ~EG ~ ~ ~ I~ 52 --.......---•-•-NOTARY PUBLI
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