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and shall perform, comply with and abide 6y each and every the agreements. slipulafioni, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby crenfed, shall cease, d~-
termine and be null and raid.
the morigagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for to said note and this mortgage, or etcher: to pay all and
singular the taxes, assessments, leutes, liabilities, obligations, and encumbrances of every Wotan on said pro-
perty: fo permit, commit or suf
jer no waste, impairment or deterionfion of said land or the improv`ments
thereon at any time: to leeep the buildings now or hereafter on said land fully insured in a sum of not less
than
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum o/ money becomes payable by virtue bj such insuuancs the
mortgagee shall hate the right fo receive and apply the same to the indebtedness herby secured. aeeountlrtg
to the mortgagor for any aurpltu: to prey all costs, charges, and expenses, including lawyer's fees rend title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
rend fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, comply with and abide by each and. every the agreements, stipulations, conditions and
covenants set jorih in said note and this mortgage or either. /n 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 affecting the option to foreclose
or any other right herntrnder, and all such payments shall bear interest from date thereof of the highest law-
f ul mte `then allowed by the laws of the State o j Florida.
~l any sum of money herein referred to be not promptly paid within ~d days next njfer
the same becomes due, or ij each and every the agreements, stipulations. conditions and covenants of said
note and this morfgaye, or either, are not fully performed, complied with and abided by, 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 nofu+ifhsfanding. f=ailure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a u+ait+er of any rights or options trader-said note or this mortgage accrued or
thereafter accruing.
~n ~t~~SS ~h~Of, the said mortgagor has hereunto signed and sealed these presents the
day and year first above a+ritten.
Signed sealed and d 'n the presence oj:
err - Wayiouthard~ -
I' - - - -
i
i
STATE OF FLORIDA,
COU\TY ciF ST • LUCI E
i I HEREBY CERTIFY that on this day, before me, an
I
~ oiticer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
f
TERRY WAYNE SOUTHARD
to me known to be the person described in and who executed the torc¢oinq instrument and he acknowledged
before me that he executed the same.
i ~~'I7:YESS my hand and official seal in the County and State last aforesaid this 9th day of
Mi~ A. D. 1980
r i ii ~'r~ • re f~ .
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~ 2 Nota ubl i - Sta a of a a arge
r' = My Commission Expires : /
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• ~ ' • c~ ' ST.WCIEE CCl;NTY.fIA.
• • ` ~ f!t?GER POITRAS
~j 1• ~ CtERK CIRCUIT COUR Q
! ~
•
4l~36115
'
1%is ~iu~rn~nfnl p~rpnr~-r! hy: - r
~ ~l,/~~,7_cs Chae. tiJm. Steae t1R
Attorney at law ~~K~~ P~ 2~
323 So. 2nd St.
FT. PIERCE. lI.J~ I