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anti shall perJarm. comply with and abide by Pnch and every the agreements, stipulations, conditions and
cot•enanis thereof, and o/ Ibis mortgage; then this mortgage and the estate hereby crnated, :hall cease, de-
termine and be null and void.
~n~ the mortgagor hereby further couenartts and agrnes to pay promptly when due the principal and
interest and other sums of money provided (or fn said note and Jhis mortgage, or either; to pay nil and
singular the faxes, assessments, IPt~ies, lfnbilities, obligations, and encumbrances of every nature on said pro-
perfy: to permit, commit or suffer no waste, impoirment or deterioration of said land or the improvements
thereon at nny limp: fo keep the buildings noun or hereafter on said land fully insure<I in o sum of no! less
tltanSlX THOUSAND THREE HUNDRED TEN DOLLARS =---08/100----------------
in acompany or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and fn the event any sum o) money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor (or any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches. reasonably incurred or paid by the mortgagee because o/ the /ailure o/ the mortgagor to promptly
and /ally comply with the agreements, stipulations, conditions and covenants o/ said note and this mortgage,
or either: to per/orm, comply with and abide by eac?t and every the agreements, stipulations, conditions and
COt~PnaltfS set forth in said note and this mortgage or either. ?n the event the mortgagor /ails to pay when
due any tax, assessment. insurance premium or other sum of money payable 6y-virtue of said note and This
mortgage, or Pifher, the mortgagee may pay the same, without waiving or affecting the option to foreclose ~
' or any other right hereunder. and all such payments shall bear interest from date therPOf nt the highest tau.-
lul rate Ihen allowed ?,y the laws of the State of Florida,
any slim of money herein re~Prred to be not promptly paid within days next after
fhP SQmP bPCOmes
dttP, or if each and every the agreements, sfiptrlations, conditions and covenants o) said 4
note and this mortgage. or either, are riot fully performed, complied with .and abided 6y, then the entire j
sum menfioried in said note; and this mortgage, or the entire balance unpaid thereon, shall forthwith or
(hereafter, al fhP option of the mortgagee, become and 6e dtte and payable, anything in said note or herein
to the contrary noltailhstanding. Failure by the mortgagee to exercise any of the rights or options herein
proridPd shall not constitute n waiver of nny rights or options under said note o? this mortgage accrued or
Ihereaf fcr act•ruinp.
l ~t! ~itneSS thereof, the said mortgagor ?Ia5 herPltnfO signed and sealed these presents the
day and year (first shore trriflPn.
!i Steil, sealed a?rd dP1it•PrPd in ~,hP presPrtt'Q of
Arthur C . Smith
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STATE (7F FLORIDA,
C(~L'~ITY <)F St. Lucie
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowiedgments, personally appeared
Arthur C . Smith
i
to me known to t,e the person descrilxd in and who e,ecuted the foregoing instrument and he acknowledged
beforr me that he executed the same.
N'IT~F,SS my hand and official seal in the County and State last aforesaid this 20 't"` "---'dry- of
March A. p- tg$0 . , tt
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19E0 k "aR 24 1: ~ O T .oNOm IFRIJ crEf~+t rife . ur~rit~flirtals ~ •
'FILED GNU a{COr1tJt 0 ~
ST LUCfE COU~tY.ft A. f'f
ROGER P017RAS I
`f Itt£RK CIRCt1tT CQU~TjJ '
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%ic Jns~rr„ni,d /?rrf?t,rr-t/ Jackie Talamine ~ '
.•1~/Jrt:ccFirst National Bank of Ft, Pierce g Pd6E
P.O. Box 970, 300 S. 6th St. , Ft. Pierce, Fla, 33450