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and shall perform, comply with and abide by each and every the agreements, stipulations. conditions and
rnvenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
the mortgagor Newby further rnvenanfs and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and Phis mortgage. or either; to pay all and
singular the taxes, assessments, levies, liabti~ties, obligafiona, and encumbrances of every nafttre on said pro-
perly; to permit. commit or suffer no waste. impairment or deterioration of said Iand or the improvements
fhe?+eon at any time; to beep the buildings now or hereafter on. said land fully insured in a sum of not lesa
than $44, 000.00 '
in a company or rnmpnnies acceptable fo the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money 6ernmea payable by virtue of such insurance the
mortgagee shall have the right to ?eceive and apply the anme to the indebtedness hereby secured, accounting `
to the mortgagor for any surplus: to pay all rnsts, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor'to promptly
and fully 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 Chia mortgage or either. In the event the mortgagor jails to pay when
due any fax, 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 of
jetting the option to foreclose
o. any other right hereunder, and alI such payments shall bear interest from date thereof at the higheaf law-
(trl mte then allowed by the laws of the Stnfe of Florida.
any sttm of money herein referred to 6e not promptly paid within thirty days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said
nota and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entirr
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, ahall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Eailttre by the mortgagee to exercise any of the rights or options herein
provided shall not consfifttte a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~~u1eSS ~het'~of, the said mortgagor has hereunto signed and sealed these presents the
day and year firs) above tvritfert.
/ _
Signed. sealed and delivere i the present j. ~
_ ~ : ~ _
- kY - - H.
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Lisa H. Lueg
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I
I
STATE OF FLORIDA,
COUNTY OF St. Lucie ~ 3
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the Gounty aforesaid to tare acknowledgments, personally appeared
Oakley H. Lueg and Lisa H. Lueg, his wife
to me known to be the persons described in and who executed the foregoing instrument and they acknowledged
Ixfom me that theyexerutea the same.
WI7itiESS my hand and oflicial seal in the County and State last aforesaid this 4~~ 317~~j of
March A. D. 19 80. ~ - 7 l
S 'I ; ~ mil;
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~ ~5 ~ ~ ~9 - Notary Public c, " ~ ~ - o
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S1.lUGE COthY~ ~
R06ER POt C~j
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4'7~3~65
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%u I»llni»r<»~ p~rpnrrJ by: ~O~``~ EDGAR SHERRARD }i~~ ~~(n]
A.: ^rn~;~A Law 3U(>~t~ PAGE~~e~
• W~~-u LJJ 5. Indian River Drive
P. O. box 4332
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