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and shall pe?/orm, comply with and abide by each and every the agreements, stipulations, rnndittons and
covenants thereof. and of this mortgage. then this mortgage and the estate hereby created. shnU cease, de-
termine and ba null and void.
the mortgagor hereby further covenants and agrees to pay promptly when due ihv principal and
interns! and other sums of money provided jor in said note and this mortgage, or either: to pay nil and
singular the taxes, assessments, levies, Itabilitivs, obligations, and tancumbronces of every nattuv on said pro-
perly; to permit, commit or suf
jer no waste, impairment or deterioration of said land or the improvements
thereon at any time: to keep the buildings now or hereafter on said land fully inaarsd in a stun of not less
titan FIFTEEN THOUSAND ONE HUNDRED NINE DOLLARS ---08/100---------------
in acompany or rnmpanies acceptable to the mortgagee. the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such irutrr+wtce the
mortgagee shall {rave the right to recetue and apply the same to the indebtedness hereby secured, accounting
to !fie mortgagor ~ jor any surplus: to pay alI costs, charges, and expenses, Including Lawyer i fees and title
searches. reasonably incrtr?ed or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and (ally comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, 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 by virtue of snid note and this
mortgage, or either, the mortgagee may pay the same, without waiving or aj/acting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest lnw-
f ul rote then allowed by !fie laws of the State of Florida. -
~L any sum of money herein referred to 6e not promptly paid within days next after
the same becomes dtte, 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 by, 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, nnythtng in said note or herein
fo the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
~I firoai•fod xhrrli not constitute a waiver oI any rights or options under said note or this mortgage accrued or
~M ,
~n ~~uleSS zV~~O~s t{~e said mortgagor .has hereunto signed and sPaIed these presents rite I
day and year (first above written.
tgn seated -and deliverer/ in the presence oj:
•
- y
orge Ta or
- - ~ . . . .-..r'-
Genevieve Taylor
I - ~ -
STATE OF FLORIDA,
covxTY of St. Lucie
I HEREBY CER"~'IFY that on this day. before me, an
officer duly authorized in the State aforesaid and in the ('.ovary aioresaid to take acknowledgments, personally appeared
George R. Taylor and Genevieve Taylor, his wife
to me known to be the person described in and who executed the foregoing instrument and they acknowkdSed
before me that theyexecuted the same.
WITNESS mp hand and otiicial seat in the County and State last aforesaid this 25 day of
Feb. A. D. 1980
4~~86 ntoiARt 1lAlIC SUtF os t Jf ~ ' • _
MY COr~AMISSION EX?Iltg P~". 23 19 _ rid
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T/,is hrun,nrcr~ prepnrrd /y: Jackie Talamine B~L~ ~~,94$
_ ~~r/,/,~,~ First National Bank of Fort Pierce
300 S. 6th St. , P.O. Box 970, Fort Pierce, Fla. 's3450