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and shat! perform, comply with and abide by each and every thv agrQements, stipulations, conditions and
covenants thereoj, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl. •
the mortgagor Newby further rnvenanfs and agrees to pay promptly when dw the prtnctpal and
interes! and other sums of money provided jor in said note and this mortgage, or either; to pay all and
singular the taxes, assessments. !soles, Ita61ltties, obligations, altd encumbr+anc~a of every nature on aatd pro-
pe?ty; fo permit, commit or sttjjer no waste, impairment or deferiorofion of said tared or the improuemenb
thereon at any time: to keep the buildings now or hereafter on said land fully insured to a sum of not leas
than full insurable value.
in n rnmpany or companies acceptable to the mortgagee, the policy or policies to be held by. and pdynble
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such inatwance the
mortgagee shall havie the right to receive and apply the same fo the indebtedness hereby sectu~ad, recounting
to the mortgagor jor any sttrpttts: fo pay alt costs, charges, and expenses, Including Iatt/yer s Jess and ttfte
searches, reasonably incurred or paid by the mortgagee 6ernuse of the failure o/ the mortgagor to promptly
and jolty comply with the agreements, stiputnfions, eondIlions and covenants of said note and this mortgage.
or either: fp perform, comply u?ith and abide 6y each and every the agreernenls, 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 thts
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and alI such payments shalt bear interest Jrom date thereof at the highest trw-
Jut rnfe`then attotved by the taws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 15 days next after
the same becomes due, or i/ each and every the agreements, sfiputalions. rnndifions and covenants of said
note and this mortgage, or either, are not jolty performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid !he?+eon, shall . jorthwtth or
thereafter, at the option of the mortgagee, become rend 6e due and payable, anything in said note or herein
fo the conlrnry nofu~~fhsfanding. Failure by the mortgagee to exerefse any of the rights or options herein
provided shat! not consfiftttP awaiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
i `
~n ~ttfleSS ~hel'e0f, the said ortgagor has hereunto signed and seated these presents the
day and year Jirsl above tvritfen.
SlgnPd, Seated and (IPIIhPrPd In the preSPI1CP O
~ J es E. Burrell
~ Lois L. Burrs
i
r
STATE OF FLORIDA,
=iii COli\TY OF ST. LUCIE
~ I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
JAMES E. BURRELL and LOIS L. BURRELL, his wife
to me known" !o hr the persons described in and who executed the foregoing instrument andthey acknowledged
I~efore me that t]1ey czecuted the same.
t~'11:4ESS my hand and official seal in the County and State last aforesaid this dap of
March A_ D. 1$t) :•~Nrc~:
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toy ub ~>lc ; ,.~G-, . .
1980 MAY -2 A!4 ~ 36 _ _ ~ : r ~ / .~a- -
Ft EOAtfO t+i CGItUE 0 • . ~ ~ f ,
, sR~Q~GERp01TRA5A. ~giARrlUM1CfA~l~.U~.;~.i~
~e,... ~ ,
p.ERK CIRCUfT ~p~p
11~Af~6'B~l?L IW! • t1MD~~~ nt~
O ~1f1f lire ~~1Nt~~~i.'
~ ' _
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%i~ 1?uln~air'rrl pr<prm~! hy: Harold H. Goldman, Esquire
t A~ldr~:cs 8028 South Federal Highway
~ Port St. Lucie, Florida 33452 BttQK ~l~j