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and :hall perform, comply with and abide by each and :very the ag?eerrrenb. •tlpulattoni. conditions acrd
covenants thereof. and of this mortgage, then this mortgage and fire state hereby croat.d, ahaU cease, d.-
termtne and be nirll and void.
><11~ the mortgagor herubp further covenants and agrees to pay promptly when dw the prtncipa! and
interest and other sums of money provided for to said note and this mortgage. M either; to pay all and
singular fhs faxes. assessments. levies. Itabiliftes, obltgatioru, and encumbnourcw of every nature on said pro-
perly; to permit, commit or suffer no waste. impairment or deferiorotton of said land or the improvements
thereon at any time; to lreefl the buildings now or hereafter on said land fully instued to n sum of not leu
than gt ~I1SLIrt'•BULe value
in n company or companies acceptable to the mortgagee. the policy or policies to 6e held 6y, and payable
to, safd mortgagee, and in the event any sum o/ money becomes payable by vi?fue of such inuurance the
mortgagee shall have the right to receive and apply the rams to the indebtttdneu hereby secured, accounting
to the mortgagor for any sttrplus: to pay all costs, charges, and expenses, including lawyeri fees and title
searches. reasonably incurred or paid 6y the mortgagee becawe of the failure of the mortgagor to promptly
and fully rnmply with 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. stipulattoru, conditionu and
covenants set forth In said note and this mortgage or either. In the event the mortgagor fails. 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 prey the some, without watuing 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-
ful mte then allowed by the laws of the State of Florida.
~l any stem of money herein referred fo be not promptly paid within t11~~ days next after
ilie Sa,tte Le~utrtrs due, or ij each and every the agreement. stipulations, conditions and covenants of said
notd 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. nt the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failtue by the mortgagee fo exer+cise any of the rights or options herein
provided shall not constitute a waiver of any riQhta or options under said note or thL mortgage accrued or
thereafter accruing.
~n ~l~tzSS ~~Of, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed deliver i the presence of:
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STATE OF ~ j~j
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COUNTY OF ~
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s ~ - I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforcuid and in the County aforeuid to take acknowledgments, personally appeared
~ JOHN i[It and MARIE R(7frA413CHUK, hi.S wife,
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to me known to be the persorg described in and who executed the forcgoinq instrument and tl'ley acknowkdsed
before me that they executed the same.
K I7'NESS my hand and official seal in the County and State last aforesaid this ~t day of
May A. D. 19 $0.
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RAGE.`: f'C;T!{k~i ='~y
17iu Irulrunrc,rt pre-paced by: A. Pan~pia - ' ,
Addrru I.a~wyers Title Ins. Coarp. - A,~t+~~~
9999 S. 0. S. 1 i>x
Port St . I~xie, Fla . 33452 Bl3f?K JJ~ PAGE