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and shall perform, comply with and abide by eacft and "every the agreements, afipulafioni, conditions and
covenants thereof, and of this morfgape, then this mortgage and fhs estate hereby created, shall cease, de-
termine and be null and twirl.
Ii1N~ lhP mortgagor Newby f
tufher covenants and agrees to pay promptly when dtte the principal and
interest and other sums of money provided for in said note 'and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obligations. and enctunbroncea of every nature on said pro-
perly: to permit, commit or suffer no waste, impairment or deterioration of said land or the Improvements
thereon at any time; to keep the buildings now or hereafter on said land fully insured to a sum of not leas
than highest insurable value thereof
in a comtwny or companies acceptable to the mortgagee. the policy or policies to be held by, and payable
to, said mortgagee, and in the euenf any stun of money becomes payable by virtue of such insurance fhs
mortgages shall have the right to receive and apply the snore to the indebtedness hereby sectued, neeounfing
to the mortgagor for any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and tiffs
searches, reasonably incte?red or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, rnnditions and covenants of said note and Chia mortgage.
or either; to perform, comply with and abide by each and every the agreements, stipulations, rnndiftons and
covenants set forth in said note and this mortgage or either. In the event the-mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money+ payable by virtue of said note and this
mortgage, or either, 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 dale thereof at the highest Iaw-
(ul rate ihen allowed by the laws of the State of Florida.
~L arty sum of money herein referred to be not promptly paid within ten days next of
ter
the same becomes due, or if each and every the agreements, stipulations. conditions and rnvenanfa of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum me?ttioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the 'contrary 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
thereafter accruing.
~n ~t~eSS ~~~f, the said mortgagor has hereunto signed and sealed these presents the
day and year first ulxrve written. THIS IS A BALOON MORTGAGE AND THE TOTAL AMOUNT
DUE ON MATURITY ON APRIL 20, 1982 SHALL BE $23,948.31 IN PRINCIPAL •
Signed, sealed and define din the preSPnCp of : AND $199.56 in INTEREST .
~ ~
Keith C . Akre
Carra.e J V . Akre '
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STATF. OF FLORIDA,
¢ COU;I~TY OF ST . LUCIE
I HEREBY CERTIFY that on this day, before me, as
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
•Keith C. Akre and Carrie J. V. Akre, his wife,
to me known to be the person S described in and who executed the fore¢oinq instrument and they ackrtowledsed
before me that they executed the same.
H'ITNESS my hand and official seal in the C wnty and State last aforesaid this ~'a ~ day d
Apr i 1 A. D. 19 8 ~
NOTARY BLIC, State o orida
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