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and shall perform, comply with and abide 6y eac•h and every the agreemenh, aftpulnlton's, rnndittons and
covenants thprl*of, and of this mortffaap, then this mortgage and the estate hereby created, shall cease, de-
fprminp and bP null and void.
end f11P mortpaftor hPmhy further covenants and agrees to pay promptly when dtr. the principal and
interest and other sums of money proufded for in said note and this mortgage, or either; to pay all and
singular fhp fares, assessments, IPIrIPJ, liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit, commit or suf
fpr no waste, impairment or deterioration of said Land or the improvements
IhPrPCn at any limp: fo RPPp f11P buildings now or hP.PajtPr on said land fully insured in a sum of not lest
than [~~A .
ire a company or comparlips acceptable fo the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the evPn1 any sum of money becomes payable 6y virtue of such Insurance the
mortgagee shall bane the right to rpceiup a?td apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any surplus: to pay all costs, cha?ges, and expenses. including lawyer's Jess and title
searches, reasonably incurred or paid by ihp mortgagee because of the failttre of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and lhts mortgage,
or eifller: fo pPrjorm, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. /n the eupnf the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y oirlue of said note and this
mortgage, or either, Ihp mortgagPp may pay the same, without waiving or affecting the option to foreclose
or any other right Rprpundpr, and aII such paymen~sCShall bear interest from date thereof at the highest law_
flll cafe then allOlve(I bV the larva Of fhP $fafp Of r-IOrlda.
any sum of mo?IPy herein referred to be not promptly paid within thirty days next after
rho same becomes due, or if each and every the agreements, stipulations, conditions and couennrtts of said
note and this mortgaffp, 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 be due erred payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provirlPd shall rlof corlstifr/tP a waiver of any rights or options under said note or this mortgage accrued or
fhpreo(ter accruing.
~n ~itneSS thereof, f11P said mortgagor has IlPrptlnta signed and sealed these presents the
day and year first a1?ove rvriflen.
Signed. sealed and delivered In the p/PSPflCP Of : IATES artnership
Q .1'T S. Powers
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STATE OF FLORIDA,
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COI; \TY OF MAIrTIl3
I HEREBY CERTIFY that on this day, before me, an
~ offirrr duly authorized in the State aforesaid and in the County aforesaid to take acknowtedgmcnts, personally appeared
~ ~ AKIHUR S . POWERS of (~OI.DF04~t ASSOCIATES , a Parhiership ,
` to mo known to be the person described in and who executed the foregoing instrument and hQ acknowledged
i iI lxfore rnr that ~ executed the same.
1~'1'I:~ESS my hand and official sea: in th~• ~:ounty and State last aforesaid this 2~t day of ~
~ _
I I"~rC~l :1. D. : 9 ~ . `s
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K !
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g ; ~~1~ NOtaly Pub1.iC
t ~ COQIII. ~12eS : -
1 ! NOTARY DL'ftll C STATE OF FLORIDA AT (ARGE
r MY CCJv~~AiS~;ON ExPIR'S ;UlY.lB 1981
~fl~Q ~kn ~ f i 1= O BONDED THRU G:r?Etal INS. UNDER'~h~RIiE~S °
~I
FILL' ei;C ~•Fr Gi,;f l: .
ST.LUCIE COUNTY l`A. ~lC i`
ROGER POfTRAS -
CC£RK GRCUfT COUttT ~ ~ ~ _ „ - • -
~ t -
%lul IIWr~//IIfIJ/ p,rprtn-d hy: A. Parupi.a - -
Sawyers Title Ins . Corp . • .
:1Jr/~e~` 999 S. U. S. 1 (lf{ ~ . - -
° i ecnK~ P~GE~~'~
I Port St. hu~cie, Fla. 33452