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and shall perjorm, comply with and abide by each and every the agreements, stipulations, rnndilions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
terminenand 6e null and void.
Tl~ tha mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in soil note and this mortgage, or either; fo pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every native on said pro-
pe?ly; to permit, commit or suffer no waste, tmpai?menf or deterioration of said land or the Improvements
thereon nl any time; to peep the buildings now or hereafter on said land fully insured to a sum of not less
than X35,000.00 in fire and windstorm insurance
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and fn the event any sum of money becomes payable by virtue of such inswance the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, nc~ounting
to the mortgagor for any stuplus; iv pay till coats, chorgaa, and rxpartsrs, including lawyer's fees and fide
searches. reasonably Incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulaftoru, conditions and covenants of said note and this mortgage.
or either; fo perjorm, comply with and abide 6y each and every the agreements, stipulations, conditions 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 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without tuaiving or affecting the option to foreclose
• or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate`Ihen allowed by the laws of the State of Florida.
~l any sum of mo?tey herein referred to be not promptly paid within 20 days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said i
note and this morfpage, or either, are not fully performed. complied with •and abided 6y, then the entire t
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary notu~ithsfanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options- under said note or this mortgage scented or
thereafter accruing.
~n ~ttness ~hfCt~f, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed, and i ed i the pre ace oj:
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STATE OF FLORIDA.
COL'N"1"Y OP St , -Lucie
ii i HEREBY (:F.RTiFY that on :his day, before me, an
4 officer dull authorized in the Stair aforesaid and in the County aforrsaid to take acknowledgments, personally appeared
- Ralph H. Patterson, a/k/ Ralph H. Patterson Sr. and Lola B.
Patterson, his wife ~
to mr known to be thr prrsons described in and who executed the foregoing instrument and they acknowledged
beforr me that they executed the-same.
1~•IT`ESS my hand and official seal in the County and Stair last aforesaid this 25th .•~~~'~~rM- of -
~ February A. D. 19 80. e_~r ~iy •
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190 FE3 27 Pty 2~ 2l~ ~ _ - -
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ROGER PQITP.AS MraRltlll~~~~1~
CLEF:K Cti:COIL C; l:?;
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!leis Lrs/matr•irl ri rrnr! h : • A .Harris ,
~ P y 410 Orange Avenue , -
~ :1'/`!r`:" Fort Pierce, Fla. ~i ( `
` 800 e~U «Gf ~i