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and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
cotenants thrreo/, and of this mortgage, lhen ibis morlgt:ge and the estate hereby created, shall cea:s, de-
termine and be null and void.
the mortgagor hereby jwther covenants and agrees to pay promptly when due the prinNpa! and
i?tteres! and other sums of money provided jor in said .note and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabilities. obligations, rend encumbrances of every nature on said pro- -
~perfy: to permit, rnmmif or suffer no waste. impairment or detertorotion of said land or the improvemenb
thececn at a?ty time: to keep the buildings now or hereafter on said land fully instu~ed in a sum of not less
than
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the even! any sum of money becomes payable by virtue bj such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any sttrplt?s: to pay all costs, charges, and expenses, including lawyer's fees and title
senrchea, reasonably inct?r?ed or paid by the mortgagee because of the jailtue of the mortgagor to promptly
and jolly comply with the agreements, stipulations, rnnditions and covenants of said note rend ibis mortgage,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and _
rnvenants set forth to said note and this mortgage or. either. /n the event the mortgagor jails to prey when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or e11hP?, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any outer right hereunder, and all such payments shall barer interest from date thereof at the highest law-
{ul rate then allowed by the laws of the State of Florida.
~L any sum of money herein re{erred to be not promptly paid within days next after
the same becomes dire, or ij each and Avery the agreements, stipulations, rnnditions 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 balance unpaid thereon, shall Jorthwifh or
thereafter, of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary noturithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing:
~n ~~u1eSS ~h~~f, the said morfgnyor has hernunlo signed and sealed these presents the
day and year first above tvriflen.
Signed, sealed and deiiv~red in the presence of :
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. ~ C Y. Yate
' Geneva C. Yates
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f STATE OF FLORIDA,
COli\TY OF 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 acknowledgmenu, personally appeared
CLIFTON Y. YATES and GBNEVA C. YATES, his irife
to 'me known to be the person B described in and who executed the foregoing instrument and they acknowledged
before me that they cxccuted the same.
~ ~~'17:\ESS my hand and official seal in the County and State last aforesaid this 25th = day of
March A. D. 19 80.
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3 ~8~ ~ 26 a~ i t ~ Z8 No Public, Stats ad.`; Flarit~i ~Isrg
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F1LEQ ANC ~ECt1KttEfi My co~iBaion expires: _
f ST.LUCtE C~~tY.F44 Ji. ~
R06ER PdITRkS ` r i
CLERK CIRCINT CGUtt' n
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1%u hutnn,?~nt prrpnrrJ by: ~S. wm. Staff
~1 Jrlrrxr Attorney at lar? ~
32n So. 2nd- St, 6t>a1f ~ PdGE ~3
FP. PIERCE, 1~
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