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artd shall +perform, comply with ant a6tde 6y each t#nd every the agreements. sffpulnfto?ia. eonditiorta and
covenants thereof, and of thta mor~gaAe,• lXen this mortgage and the estate hereby created, shall cease. de-
termine a?td 6e null and tbid.
the mortgagor hereby jtuther covenants and agrees to pay promptly when due 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. assessme?tts, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: fo permit. commit or stiffer no waste, impairment or deterioration of said land or the improvemenb
ihPPPCn at arty time; fo keep fhP buildings Hour or hereafter on said land fully insured to a sum of not less
than n i 1
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, sold mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the Indebtedness hereby secured, nceounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the jnilure of the mortgagor to promptly
and fully comply urith the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: 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 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 date thereof at the highest law-
ft/l MIP fltPn allOlverl by fltP Laura Of the State Oj Florida.
any sum of money herein re/erred fo 6e not promptly paid within thirty days next after
the same becomes drrP, 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 note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at IhP option of the mortgagee, become -and 6e due and payable, anything in said note or herein
to the contrary nolu~tf{tstanding. FailttrP by the mortgagee to exercise any of the rights or options herein
prat+ided shall Trot cortstiftrte a u+aivPr of arty rights or options under said note or this mortgage accrued or
IherPaftPr an•ruing.
~n ~ttfless ~heCeof, 1hP said mortgagor has hereunto signed and sealed these presents the
day and year firs! above a+ritfen.
Sig?lPd, sled a?Id deli ' red trl t P prPSPIICe Of:
- GARY PAYN
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STATE OF FLORIDA, l
c(~t~~TY OF MARTIN
F I HEREBY CERTIFY that on this day. before me, an
1 officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
GARY PAYNE
to rn+• known to hr the person described in and who executed the foregoing instrument and 11j1O acknowledged
ix•for+• me that h e executed the same. ~j ~
s l,~~I"11ESS my hand and official seal in thr County and Stat~• last aforesaid this - p2 ~ ~ " day of
A. D- 19 8 ~
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O' ~ Sl.ll?CiF CtK?NTY.FIA.
My Commission Expires• ~ ROGERf'CITRns
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