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and shall perform, comply with and abide ~yreach ana every the agreements, stipulations, conditions and
- covenants thereof, and of this morfga(fe, then this mortgage and the estate hereby created, shall cease, de-
fPlmille A?Id bP /lllll and l,al?I.
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bind 1hP mortgagor hereby further covenants and agrees to pay promptly when due the principal and i
irlleresl and otter sums of money provided for in said note and flits mortgage, or either: fo pay all and ~
singular the tares, assessments, IeI~IPS, liabilities, obligations, and encumbrances of every nature on said pro- ~
pe?ly; fo permit. commit or suffer rlo u,asfe, impairment or deterioration of said land or the improvements ~
fhPrPCn al any lime; fo IrPPp the buildings now or hereafter on said land fully insured in a sum of not less .
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in a contpn?ly or companies accet?table to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such instuance the
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- mortgagee shall have the right to receive acid apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: fo pay aII costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
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and fully comply u,il?t IhP agreeme?rls, stipulations, conditions and covenants of snid Hole and (his mortgage,
or eilller; fo 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. In the event the mortgagor fails to pay when
due any tat;, assessmwtf, insurance premium or other sum of money payable by virtue of snid Hole and this
mortgage, or either, the mortgagee may pay the same, without tvaiuinfl or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest f?om date thereof nt the highest law-
ful rate then allowed by the laws of the Sfafe of Florida. }
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any snm uJ money ?terein relerrPd to be not promptly paid within days next after ~
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fhP same befome5 due, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said ?lote, a?Irl t?tis mortgage, or the entire balance unpaid thereon, shall forthwith or
thereajfer, at thr option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary nohoifllstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute n u•airer o1 arty rights or options under said note or this mortgage accrued or
Ihereafler nccn?ing.
~n ~itneSS whereof, t?M Sall m:,rfgagor has llerell?Il0 SlgnPd a?Id Sealed these presents the
day and year first above written.
Signed. sPale~gnd delivPCt,d jn,,1hP presence of : ' ,
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-:~L-,.. _ _ _ - -Marc M. Ba11-
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-CR~t6L ANN- BRLL-'" -
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~ ' STATE OF FL<)Rli):~,
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ccn~~•rti• c?F ST• LUCIE ~
4 I IfEREBY CF.R"I-IFl' that on this day, before me, an
I olfircr rlulg authori?rd in thr State aiurrsaid and in thr County aforesaid to take acknowledKmrnts, personally appeared
MARC M. BALL and CAROL ANN BALL, his wife,
to me known to tk- the p~•rson $ described in and who executed the (orr¢oinK instrument and they acknowledged
In•tom me that they executed the same.
~ ~~•1"1'\F.SS my hand and official seal in the (:ount}• and Stab• last a(orrsaid this Bth day of
~ April n. Is 80. -
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4~1t~462 ~ ~ - ~ ,
Nota'~ uG Tc; State of - . ~ ai;-" .
1960 APR -9 Pk ~ 20 My Commission Expires : a • - - . • ,1983 3
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