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and shall perform, comply with and abide by each and every the agreements. atlpulationi. conditions and
covenants thereof, and of this mortgage, then lhi, mortgage and the estate hsroby created, shall cease, de-
termine and be null and twid.
the mortgagor hereby further covenants and ag?ees to pay promptly when due the principal and
interest and other sums of money provided for to said note and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
. perly; to pe?mil. rnmmif 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 Ieu
than highest inaux~ble value.
to n rnmpany or compantes acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said 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 saute to the indebtedness hereby secured. accounting
to the mortgagor for any surplus; to pay. all costs, charges, and expenses, including lawyer i fees and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
and fully comply with the agreements, stipulnt[ons, conditions and covenants of said note and this mortgage,
or either; to perjo?m, 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, insttrnnce 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 alI such payments shall bear interest from date thereof at the highest law-
fttl rnte then allou?ed by the laws of the State of Florida.
1L any sum of money herein relerred to be not promptly paid within Thirty days next after
the same becomes due, 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, of the option o) the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage acetued or
thereafter accruing.
~ ?~,N~ `
~n ~~uleSS ~ht~eof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above u~ritfen.
Signed sealed and delivered in the resence of
ti rl W. Russel
ess Jean C. Russell
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~ STATI: OF FLORIDA,
€ COUNTY OF ~`G,'C~~kL
I HEREBY CERTIFY that on this day, before me, ea
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appesued
E
Earl W. Russell ~ Jean C. Russell, his wife
to me known to be the prrsonS described in and who executed the [orcgoinR instrument sad the acknowkd~ed
before me that they executed the same.
~ WI1'111ES my hand and official seal is the County and Sta last aforesaid this ~ day ~
A. D. 19 80.
~
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NOTARY BLIC ~ "
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~~i",Q is ?'i _7 ~,i 2. MY COMMISSION EXPIRES:
` cir` ~'a (.un 'r ~ tip f'~'.
RccEfz Pct rpA ~ ~ = - ~ ~ "
CLEkit ClRCiJfT CL';1~ 'K, , • _ • s 1: ~ - "
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~ PREPARED BY: _
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htf I/Wll/IAC/Il pr1°jJQ/flI G~?: CHELSEA TITLE & GUARANTY COMPANY
9000 S. U. S. 1, PORT ST. LUGIE, FLORIDA "WHICH
AddlfSf INSTRUN!ENT WAS PREPARED INCIDENTAL TO THE
6C3K`~Q ~,~~2745 WRITING OF A TITLE Ih~URANCE POLICY"
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