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and shah p~er•jorm, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants thereo/, acid of this mortgage, then this mortgage and the estate hereby created, shall cease. dt-
termine and be null and twirl.
the mortgagor herttby further covenants and agrees to pay promptly when due the prineipnl and
interest and other sums of money provided jor in said note and this mortgage, or either: to pay all and
singular the taxes, assessments, levies, liabtltlies, obligations, and encumbrances of every nature on said pro-
perly; to. pe??nit. commit or sujjer no u?wte, impairment or dete?iomtion of said land or the improvements
thPreCn Af any limp; to keep the buildings now or hereajtPr on said land jolly insured in a sum of not less
than full insurable value
in a company or companies acceptable to the morfgngee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event arty sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo receive and apply the same !o the indebtedness hereby secured. accounting
to the mortgagor jor any sttrpltts; fo pay all costs. charges, and expenses, including lawyers Jess and title
searches, rewsonably incurred or paid by the mortgagee because of the jatlure of the mortgagor fo promptly
and jolly comply with the agreements, stipulations, bonditions and covenants of said note and this mortgage.
or eidter, to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any fax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or n(jecting the option to jorecbae
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate then allowed by the laws of fhP State of Florida.
J~ any sum of money herein referred fo be not promptly paid within 30 days next after
the same becomes dtte, or ij each and every IhP agreements, stipulations, conditions and covenant3 of said '
Hole and this mortgage, or either, are not jolly performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
Iltereaffer, at thn option of the mortgagee, become and bP due and payable, anything in said note-or herein
fo the contrary ~notwifhsfanding. Failure by the morfgngee fo exercise any of the rights or options herein
prat+idtYl shall not cOnstltlttP a U+a/ITPr of any rights or options under said Hole or Ibis mortgage accrued or
Ilrerea jlPr arc•ruing.
~n witness ~heCeof, thN said mortgagor has IIPrPllntO signed and sealed these presents the
day and year first alwvP uaitfen.
Sign~d• sealed and dPlivPrPd in 1hP prest•nrP o(:
Daniel Grimes
i
STATE OF FLORIDA,
~ coL~TY OF Indian River
I HEREBY CERTIFY that on this day, before me, an
of(icrr duly authorised in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
DANIEL GRIMES
to m+• known to tx the p•rson described in and who executed the foregoing instrument and he acknowkdged
~ !x[or~• ~nr that he executed the same.
~1'1"I:`ESS my hand and of[icial seal in the County and State last aforesaid this ~ day of
I I"~8rC~1 A. D. 19 8O.
a";E.~~ ~ ; 464'7 _
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i?,~f.~ o r d ~ :y~ : 1900 APR 28 Mour,? rttx~, site o~ Flord..t t,r~e ,
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Tlra 1,Wn.»,c,N prcpnrrit' by: NORMAN A. GREEN, Attorney
Addiru Poat Office Box 2618, Vero Beach, Florida 32960 ll~~ Pty
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