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and shall perform, comply with and abide 6y each and every, tha agreements, slipulnfton's, conditions and
covenants thereof, and of this mortpape, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl.
nlf~ the mortgagor hen~by f rather covenants and agrees to pay promptly when due the principal and
irtteresl and other sums of money provided for in said note and this mortgage, or either; to pay alb and
singular the tares, assessments, levies. liabilities,- o6ltgations, and encumbrances of every nafttre on said pro-
perly: to permit, commit or suffer no waste, Impairment or defertoration of said land or the improvements
thereon at arty time: fo beep the buildings now or herraf ter on said land fully insured In a sum of not less.
• fl:ars €LLL Z~lS!!R!',BLE YA,LUE
in a company or rnmpanies acceptable fo the mortgagee. the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such instuance the
mortgagee shall bans the right to receive and apply the snore fo the indebtedness hereby sectued, accounting
to the moNgagor for any stupllls: to pay nil costs, charges, rend expenses, including lawyer's fees and title
searches, reasonably tnctrrrcd or paid ley the mortgagee because of the failtue of the mortgagor to promptly
and fully comply wish the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either: to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. /n the event the mortgagor (ails to pay when
due any fax, assessment, insurance premium or other sum of money payable by virtue of sntd note and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
fecting the option to foreclose
or any other right I~eretrnder, and all such payments shall bear interest from date thereof at the highest law-
f ul rate then allowed by the laws of the State of Florida.
7L
7l any sum o/ money hPIPIR referred to be not promptly paid within see note day: next alter ~ ~
the same becomes due, or fJ each and every the agreements, stipulations. conditions and covenanb of said
note and this mortgage, or either: are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, rend this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and fie due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the ?ights or options herein
provided shall not consfitttte a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing. _
~n ~itntSS ~het'enf, the said mortgagor has hereunto signed and sealed these presents the '
day and year first above u~ritfen.
Sig d, sealed and d a~d in the presence of : C
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/ , ~ - ~ ROBERT ~ W . S MERHAYS , JR . s Trus tee
4
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STATE OF FLORIDA,
couNTY of ST. LUCIE
I HEREBY CERTIFY that on this day, before trx~ an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personalty appeared
ROBERT W. SUMMERHAYS, JR., as Trustee
to me known to be the prrson described in and who executed the foregoing instrument and he acknowledged
before me that he executed the same.
N I7'NESS my hand and official seal in the County and Sute last aforesaid. this 3~ S t dad of
March A. D. 19 8O.
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Notary Pu~bl ic, Stat~•-Qf,-`F'~~t~ ~,M
Large •,;•_,0
~ Corlmission Expires. ~~rJOrtJ -~a' ~ -
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SIN b I~4as fi?1 Cdr Gynl?
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f tIEU shv F= CU:t:rt ;i , f ? t
ROGER
F
OI7R~
3 ~ •
ttERK CIRCUIT CtiUR+~~ .
I7irs bulramcnl prepared by:
THIS INRRUM[NT PREPARED BY l~ir(~~ r~i719
l~dd/e!f CHARLES R. P. BROWN '
P. O. BOX 141e 30t S. 6rH 3T.
FORT PIERCE. FlORIOA 33450 ~ f