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and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants Thereof. a?td of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null mtd void.
~d the mortgagor hereby f wther covenants and ag?eea to pay promptly when due the principal and I
interest and other sums of money provided jor to said note and this mortgage, or either: to pay all and
singular the faxes, assessments, levies, liabililiea, obligations, and encumbrances of every nature on said pro-
perty: to permit, commit or st?jfer no waste, impairment or deterioration of said Land or :he improvements
therecn of a?ty lime: to beep the buildings rtow or hereafter on said land fully insured in a sum of not leas
than the amount of this mortgage
i?t a company or comps?ties acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the c+vent arty sum of money becomes payable 6y virtue of such insurance the
mortgagee shall hatre. the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus; to pay all rnsts, charges, and expenset, including lawyer's jeer and title
searches, reasonably incterred or paid by the mortgagee 6ernuse of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, rnnditions and covenants of said note and this mortgage.
or either; to perform, comply u,itl, and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth i?t said mole and this mortgage or either. /n the event the mortgagor jails to pay when
due any tax, assessment, instrance 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 affecting the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from dale thereof at the highest law-
ful m1e Then allowed 6y the laths of the State of Florida.
arty sum of money herein referred to 6e not promptly paid within fifteen days next after
the same becomes due, or ij each and every the agreements, sfipulafions. conditions and cvvenants of said
Hole and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said ?,ofe, avid this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at fl,e option ~ of the mortgagee, become and be due and payable, anything in said note qr herein
to the contrary notu~,lhsfanding. failure I,y the mortgagee to exercise- any of the rights or options herein
provided shall not constih,te a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~ttneSS ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
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' day and year first above u~riften. •
Si nod, sealed and delivered in the presence oj: t
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E ~ ST:~1TE OF FLORIDA, ~ _
E r COl'\TY OF $t. Lucie
f I fIERF.BY CERTIFY that on this day, before me, an
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~ oftieer duly authorized in thr State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
CESAR A. MONTOYA
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{ to me known to )x. the person described in and who executed the forcgoinq instrument and he acknowledged
i,efore me that he •cxccutcd the same.
! ~~'1'l XESS my hand and oitirial seal in the Count}• and Stad• last aforesaid ~ day of
I May D. 19 80
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NOtnR11 t'IAtIC STATE OF ~ O
Mr CAMMISSION f;At~B ' z ~ k~
i ~ 1lff~ GP'fIl/1L INS . ~~~Jldq~!If{ ~ , .
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