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and shall perform, comply with and abide by each and every the agreements. stipulations, mndilions and
cot+enarrla thereof, and .of this mortgage, there this mortgage and the estate hereby created, shall cease, d~-
lermtne and be null and void. -
the mortgagor hen+by further covenants and ogress to pay promptly when dw the prtncipal and
interest and other sums of money provided for in said note and this mortgage, or either: to pay all and
;ingulnr the faxes, assessments. levies. liabili[tes, obligations. and encumbrances of every naturo on said pro-
perly; to permit, commit or suffer no -waste, impairment or delerioratton of said land or the improvements
thereon at any time; to deep the buildings now or herraffer on said land jolly insured to a sum of not less
thanTEN THOUSAND TWENTY FIVE DOLLARS ----40/100--------- -
in acompany or companies acceptable to the mortgagee, -the policy or policies to bs 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 opply the :ante to-the indebtedness hereby secured, nceounttng
to the mortgagor for anp surplus; to pay all costs, charges, and expenses, including bwper i fees and title
searches. reasonably incttr?ed or paid by the mortgagee bemuse, o/ the jniltu+e of the mortgagor fo promptly ,
and fully comply wish 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 agreemenb, stipulotions, 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 tht:
mortgage, or either, the mortgagee may pay the same, without tuaiving or of
fecting fire option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest Iaw-
f ul role then allowed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 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 bp, then the entire
- sum mentioned in said note, and this mortgage, or the entire balance unpaid therron, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e dire and payable, anything in said note or herein
- to the contrary. notwithstanding. Failure by the mortgagee to exercise any of the right: or options herein
provided shall not constitute a uraiver of any rights or options under said .note or this mortgage- acrnied or
(hereafter accruing. -
j ~
DII ~~tness ~hereofs .the said mortgagor has {terettnto signed and sealed t?tese presents the
day and year first above written.
$ig"n'ed. sealed and d~Iive in the presence of
-ter-- - - - - -
STATE OF FLORIDA, 2
coutvTtr of St. Lucie S
I HEREBY CERTIFY that on this day. be[ore me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
William J. Hills ~ Patricia M. Hills,tiis wife
to me• known to be the person described in and who executed the foregoing instrument and they acknowledged
before me that tile}/ executed the same.
WITLESS my hand and official seal in the County and State last aforesaid this 9 day of.
May A. D. 19 80
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Jp.~l ~ -f
/ ~~~Y '
1980 ~A~. 28 - - -
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NOTALY NNLIC STATt,; OI~,~A~OMiGk
t-!LEO Anti rCCJRD! D MY COMMISSION , _ Y-.:23.19T~
S T. LilCf E C~;ttt TY. FL A. ~ONOFD IFIRU GEttflK.
ROGER PGITRAS i
'!'J,is :
twnuuca~ prr port-~t' hy: Jackie Talamine
;~,/,/nom First National Bank of Ft. Pierce -
P.O. Box 970, Ft.Pierce, Fla. 33450 g~1 pACE~;c'~c7~