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and shall perform, rnmply with and abide 6y each and every 'the agreements. ,stipulattoris. conditions and
cntwnants thereof, and of this mortgage, then this mortgage and the estate hertaby created, shall cease, de-
termine and 6e nut! and void.
the mortgagor hereby further eovenants~and agrees to pay promptly when due the prinNpal and
infetrsl and other sums of money provided for in said note and thin mortgage, or either: fo pay a!! and
singulw the faxes. auessments, leutea. Itnbtlitiea, obligations, and enctunbr+ances of every nature on said pro-
perly: to pertnil. commit or suf
jer no waste, impairment or deferionafton of said Iahd or the . improvemenb
lherecn at any time; to keep the buildings now or hereafter on said Innd fully inswed in a sum of not Iess
than . N/A
In a company or rnmpanies acceptable to the mortgagee, the policy or policies to be held 6y, and pays le
to, said mortgagee, and in the event any stun of money becomes payable by virtue o/ such ins ce e
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplets: to pay al! costs, charges, and expenses. including lawyer's jeer and title
searches, reasonably Inctured or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and /ully comply with the agreements, stipulations, eondttions and covenants of said note and this mortgage,
or either: to perform, comply with and abide 6y each and every the agreements, atipubfiona, conditions and
covenants set forth to said note and this mortgage or either. 1n the event the mortgagor jails to pay when
due any tax, assessment, insurance premitun or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgages may pay the snore, without waiving or affecting the opfion'to foreclose
or any other right hereunder, and alI such payments shall bear interest from date thert3oj at the highest law-
juI role Ihen allowed by the Laws of the State o/ Florida. -
any sum of money herein re/erred to be not promptly paid within 30 days next after
the same becomes due, or if each and every the agreements, stipulations. condi[ions and covenants of said
note and this mortgage, or either, titre not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this tnor[gnge, or the entire balance unpaid thereon, shall jo~rthwifh or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
to the canfrnry notwithstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided- shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereat
ter accruing.
~n ~itntSS ~herenf, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and delivered in the presence of
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--S AI~-~M: ~-MORRIS-----•---.....----------------------------------
STATE OF FLORIDA,
COUA'TY OF St. Lucie
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the Stair aforesaid and in the County aforesaid to take acknowledgments, personally appeared
TIMOTHY ALAN MORRIS and SUSAN M. MORRIS, his wife
to me known to be the persons described in and who executed the foregoing instrument and they ackrwwtedged
before me that they executed the same. '
KI'1;~1ESS my hand and official txal in the County and Statc last aforesaid thu 26th : - dxy of '
Marc h A. D. 19 80
48225 .
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