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and shall perform, comply with and abide 6y each and etwry the agreements, stipulationu, conditions and
rnt•enants the?eoj, and of this mortgage, then this mortgage and the estate herby created, shall cease, de-
termine and 6e null and void.
the mortgagor hereby /urfhsr covenants and agrees to pay promptly when dw the principal and
interest and other stuns of money provided /or to said note and this mortgage. or etcher; to pay all and
singulu? the taxes. assessments, levies. liabilities, obligations. and enctunbrances of every nature on said pro-
perty; to permit. commit or suffer no waste. impairment or detsrtoratton of said land or the improvements
therrcn at any time; to beep the buildings now or hereafter on said land fully Insured to a sum of not less
than full insurable value
in a company or companies acceptable to the mortgagee. the policy or policies to be held 6y, and payable
fo, said mortgagee, and in the event any sum of money becomes payable 6y virtue' bj such Insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any aurplets; to pry all costs. charges, and expenses. Including lawyer's jest. and title
searches, reasonably incurred or paid by the mortgagee bemuse of the jatltu+e of the mortgagor to. promptly
' and jolly comply with the agreements, sttpubttons, conditions and covenants of said note and this mortgage.
or either: fo 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 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
jetting the option to jorecloae
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law-
fttl rate then allowed by the Iau~s of the State of Florida.
~l any sum of money herein released to be not promptly paid within 15 drys nex! after
the same becomes due, or If each and every the agreements, stipulations, conditions and covenants of said
rota and this mortgage, or either, are not jolly perjornted, 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 the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exerr±ise any of the rights or optioru herein
provided shall not consfitttte a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n witness whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year (first shore u~ritfen.
Signed, sea and delivered in the presence of: ,
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G me is "o on
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STATE OF FLORIDA.
cot;NTY 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 acknowledgmenu, personally appeared
LORNE NICHOLSON,
to me known to be the person described in and who executed the foregoing instrument and I'le acknowledged
before me that he executed the same:
WITNESS my hand and official seal in the County and State last aforesaid this 7th day of
May A. D. 19$Q ,
19L0 -8 ~ IS ota Public, State ~o ~~~Flor~a~
at Large .
i.LfE ~~~al ~ My commission expires
Si.LUCif:,,iiuliT~flA.
R(3GER p017RAS
i tXfR1t C1RG1lT t;til3
1~
F'fr'~`.p':'R'~ fcR . ~ ~~C STATE Q ilOt{IDA Ar Eaf~E
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Thu hwruilfri prpsurrd by: Spencer B . Gilbert !
Attorney at Law 1~t c~~
P . 0. Box 3388 BODK~JV Pa~E~~VUt~
Fort Pierce, Florida 33450