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and shall perform, comply with and abide by each and every tTte agreements, slipubtioni, conditions and
covenants thereo/. and o/ this mortgage, then this mortgage and the estate hereby created, shall cease. de-
termine and 6e null and twirl.
the mortgagor hereby f
urlher covenants and agrees to pay promptly when dw the principal rend
inferea! and other sums of money provided for in said note and the, mortgage. or super: to pay au and
singular the faxes, asseuments, levies. liabilities. obligations. and encumbrances of every nature on said pro-
per~y; to permit, rnmmif or suf
jer no waste. impairment or deterioration of said land tar the improwm~nb
fht?rrcn at any time: to beep the buildings now or hereafter on said land fully irutu~ed in a sum of not less
than Full oustanding balance of dll mortgages covering property.
in a company or companies acceptable fo ihs mortgagee. the policy or policies to be held 6y, and payable
to, said mortgagee. and to the event any sum of money becomes payable 6y virtue of such i?tautnnce the
mortgagee shall have the right to recetue and apply the :ame to the indebtedness hereby secured. aeeotulting
to the mortgagor for any surplus: to pay all costs. charges, and expenses. including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the jailtu+e of the mortgagor to promptly
and fully comply with the agreements, stipulations, eonditiona and covenants of said note and this mortgage.
or either; fo perform, rnmply with and abide 6p each and every the agreements, afipulattons, conditions and
covenants set forth in said note and this mortgage or either. /n eke event the mortgagor jails to pay whin
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, tuithout waiving or ajjecfing the option fa foreclose
or any other right hereunder,- and all such payments shall bear interest from date thereof at the highe:f law-
fttl rate then allowed by the laws of the State of Florida.
~L any sum of money herein referred fo be not promptly paid within fifteen days next after
the same becomes due, or i j each and every the agreements, stipulations, eonditiona and covenants of said
note and this mortgage, or either, are not fully performed, complied with rend abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire ~ 6obnce unpaid thereon, .shall forthwith or
thereafter, at the option of the mortgagee, become rend be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein -
provided shall not cortstiftrte a waiver of any rights or options under said note or this mortgage accrued or
thereat ter accreting. `
Dn ~ ~h~eof, the said mortgagor has hereunto signed and sealed these presents the
day andf7/ear just, above rvriNen.
Sy~n sealed dely~ d i?~,,t~ pr nee of : I
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STATE OF FLORIDA,
COU\TY OE $t. Lucie -
I HEREBY CERTIFY that on this day, before rite, an
officer duly authorized in the State aforesaid and in the County aforesaid to take ackrwwkdgments, peraonaliy appeared
FRANK V. ELLIS and TERRY F. ELLIS, his wife
to me known to be the persons described in and who executed the foregoing instrument and they acknowkdaed
~~efere me that they r:ecuted the same.
N 17'NESS my hand and official seal in the County and State last this 3~ day of
March A. D. gp ,
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4'713401 .
James C. Carets
• Fus; A~~ti~r~ca : ~iUe Company
lliu hr~nma~rl prrpntr~! hy: 51 Lucie County. tic.
P. 0 Bcx ?719
Arfdmu FI Pierce. Florida 33450 ~
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