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and shall perform, comply with and abide by each and every the agreements, sttpulattoni, conditions and
eouenants thereof, and of this mortgage, then this mortgage and the estate hereby created, s?~all cease, de-
termine and bs nl4II 8nd ibid.
T1~ the mortgagor here+by further covenants and agrees fo pay promptly when due the principal and
tnteres! and afher sums of money provided jor in said Hole and this mortgage, or either; to pay aII and
singular the taxes, assessments, IPI•iPS, liabilities, obligations, and encumbmncra aj puP?y nature On laid pro-
perty: to permit, commit or secjfer no waste, impai?ment or deferiorofion of said land or the Improvements
fherecrt of any time; fo ~PPp the buildings nou. or hereafter on said land fully insured in a sum of not less
than -------------------------full insurable value-------------------------------
in a company or companies acceptable fo the mortgagee, the policy or policies to be held 6y, and payable
fo, said mortgagee, and in the euertf any sum of money becomes payable 6y virtue of such insurance the
mOregagPe shall have the right fo recetue and apply the same to the Indebtedness ltrreby sectsred, accounting
to the mortgagor jor any surplus: fo pay all rnsfs, cha?ges, and expenses, including lawyers fees and title
searches, reasonably incttrrecl or paid by the mortgagee because of the jniltsre of the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either: to perjorm, comply with and abide by each and every the agreements, stipulations, conditions an41
cbveriants set forth in said note and this mortgage or either. In the event the mortgagor /ails 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 waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dote thereof at the highest law-
. jut Mle `then allolc~ecl by tI1P IaU•S Of the Sfafe Oj Florida.
~l arty stem of money herein re'PK~ to 6e not promptly paid within thl rty (30 ~ days next after
the same becomes due, or iJ each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
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 6e due and payable, anything in said note or herein
to the contrary nolwifhslanding. 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 accrued or
thereat ter accncing.
~n ~tttleSS thereof, flte said mortgagor has heretcnto signed and sealed these presents the
day and year first above tvriffen.
Signed, ~aled d deliver in P presP/ICP of : ~
CAR ~ ~N
~~~o~-e . EL~ . C NK
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STATE OF FLORIDA,
COL'\TV OF ST . LUC I E
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Stair aioresaid and in the County aforesaid to take acknowledgments, personaiiy appeared
OSCAR A. SCHENK and ELSA G. SCHENK, his wife -
to me knowh to be the prrson $ described in and who executed the torc¢oing instrument and they acknowkdged
before me that they executed the same.
f.Y17;'~ESS my hand and oftirial seal in the County and State last aforesaid this day o[
February A. D_ 19 $O ~ r
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lhu. L,ununfn~ p,rpn~-d by: Ot3car & Elsa Schenk
~1J~/n:(: 132 S.W. Crescent Ave. e~ ~+e~
Pt. St. ~.ucie, Fl. 33452 gUrJKJrGU PeGE~ IU•~