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and shall pPrJoFm, comply with and abide ~y each and every the agreements, stipulations, rnnditions and
rnrennnls thereof. and of this mortgare, Ihen this mortgage and the estate hereby created, shall cease, de-
tPlmllte and be null a?ul void.
end the m<?rlyagor hrn•hy Jtuther covenants and agrees !o pay promptly when due the principal and
in?eresl and other stuns of money provided Jor in said note and ihts mortgage, or either, to pay all and
singular the tares. assessmt•rtts, levies, liabilities, obligatio?ts, and enct?mbrnnces of every Walrus on said pro-
perly: to permit. commit or suffer no waste, impairment or 'deterioration of said land or the improvements
lherncn n1 any limp; to I?eep the buildings Hour or hernaJter on said land fully insured in a sum of not less
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in a company or companies anrptable to the mortgagee, the policy or poltries to 6e held 6y, and payable
lo, said mortgagee, and in the event any sum of money becomes pnya6le by virtue of such insurance the
mortgagee Shall have fIIP right 10 MCell'P a/ld apply the same to the indebtedness hereby secured, accounting
to the nwrfgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
I and Jt?lly t•ontply with the agreements, stipulations, conditions artrl covenants of said note and Ibis mortgage,
or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
~ covr??artls set (orf?t i» 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 said note and this
mortgage, or either, the mortftngee may pay the same. without wniving or nffecfing the option to foreclose
or any other rinht hereunder, and all such payments shall bear interest from date thereof at the highest law-
I~ Jul role then allowed by the Inu•s of the State a( Florida.
~l any sum of monev herein referred to be not promptly paid within 30 days next niter
~ Ibe.same becomes due, or if each and eve.y the agreements, stipululiuns. runcliliuns amt covenants of said
note and this morfgafte. or either, are not fully performed, complied with and abided 6y, then the entire
sum me??tfoned in said note, and Ibis mortgage, or the entire balance unpaid thereon, shall forthwith or
~ thereafter, of the option of flu, mortgagee, become and be due and payable, anything in said note or herein
to the contrary noh?•?thstanding. failure by the mortgagee to exercise any of the rights or options herein
provfdr?1 shall not constitute n roaiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~ ~ the said mortgagor has hernunto signed and sealed these presents the
~n witness thereof
~ day and year (irsf above u•rilfen.
Signed. ed and delivered in the presonce of
i Witn s SrC_ C . kAL 4CE
I! _ ~ t ~ t
~tness~ ~ ~ ~ Dt?PIIG~_ G . k'ALLAGE
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~ Sl:4TE OF FLORIDA, '
I 'HEREBY C<;RTIFI' that on this day, before me, an
uffirer duly authorized in the Stat~• aforesaid and in the County aforesaid to take acknowledgments, personally appeared
SCOTT C. r~v'ALLACE and D0:^~ G. L,tALLACE, his wife,
~ to me known to lx- thr p~•rwn Sdescribed in and who eaecuted.the fore¢oin¢ instrument and t~te~ acknowledged
' I~efore the that they caec-uted the same.
F ~ ~~•11 \F.SS rm• hand and offi~ ial seal in th~• County and State last aforesaid this 14th day of
February D. t9 80 • .
' r'(1Tp.RY PLBLIC -
' ~ ~io N~ , 9 ~ O L '.-'Y CO:~~!ISSION EKPT~1~Sr -
Natary Public, 51~1e o$ Ilaidti at ~
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