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and shall perform, comply u~ifh and abide 6y each and every the agreements, stlpulafto?is, conditions and
covennnts thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease. de-
terinine and be null and twirl.
the mortgagor hereby further couennnts and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and
singular the tares, assessments, Ievtes, liabilities, obligations, and encumbrnncei of every nattue on said pro-
perty; fo permit, commit or stiffer no waste. impairment or deleriorolion of said land or the improvements
lhetrcn n! any time; to deep the buildtngs now or hereafter on said land fully insured in a sum of not leu
than Seventy Thousand Dollars ($70,000.00)
in a rnmpany or rnmpanies acceptable fo the mortgagee, the policy or policies to be held 6y, and payable t
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance fhs I
mortgagee shall have the .ir~hi to receive and apply the same to fhs indebtedness hereby secttred, accounting
fo the mortgagor for any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and title
searches, reaso?tnbly incurred or paid 6y the mortgagee because of the failure of the mortgagor fo promptly
• and jolly co??tply with the agreements, stipulations, conditions and cQVpnanfa of said note and this mortgage.
or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants se! forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note 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 thereof at the highest law-
. f uI rate then allowed by the laws of the State of
~ Florida.
~l any sum of money herein re(em~d fo be not promptly paid within 15 days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and rnvenanb of snid
note and flits mortgage, or either, are riot fully perjottrted, complied with and abided 6y, then tlfe entire
sum mentioned in said note, a?td this mortgage, or the entire balance trrtpnid thereon, shall forthwith or
- thereafter, at the option of the mortgagee, become and be due and payable, gnything in said note or herein
to the contrary notu~ifhsfanding. Failure 6y the mortgagee to exercise any of the rights or opttoru herein
provided shall not constitute n waiver of nnyrights or options under said note or ibis mortgage accrued or
Iherea(fer accruing.
~n ~~lJIeSS ~h~Of, the snid mortgagor has hereunto signed and sealed these presents the
day and year first abov trritten.
$igr se i the presence o(: f -
r
H i Pet s
l
- `Rut Petersen
j - - - - - -
STATE OF FLORIDA.
c~~vTY 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 acknowledgmenu~ personally appeared
- HENRIK PETERSEN and RUTH PETERSEN, his wife,
to me known to be the persons described in and who executed the foregoing instrument and they acknowledged
before me that theyexecutea the same.
WITI\ESS my hand and official seal in the County and State last aforesaid this ~ day of
~ ~ February A. D. l9 80. " 1
I ota Public, State of Florida
at ~~arge.
~ i~~0 rc+.s 29 3 S~ My Commission Expires: ~-,Z
R St.~~L^^UrrCiE)f.(':(/:~Y1eYf.'r t i+. . ~ ~.c~. ` '
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C7ru 'ht~lrn»t~nJ pnpar~a by: - ~ + '
r AdJirxs J. MICHAEL BRENNAN 81!(p(L~
715 DELAWARE AVENUE
FORT PIERCE. FL 33450