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and shall perform, comply with and abide by each and every the agreements. stipulation's. conditions and
cot+enonts thereof, and of this morfgape, then this mortgage and the estate hereby created, shall cease, cle-
lermine and bs null and void.
~Itll the mortgagor hereby further rnvenants and agrees to pay promptly when due the principal and
interns! and other sums of money provided jor to said note and this mortgage, or either; to pay all and
singular the foxes, assessments, levies, liabilities. obligations, and encumbratces of every nature on said pro-
perty: fo permit, commit or suffer no waste, impairment or deferioratton of said land or the improvements
therecrt at any time; to beep the buildings now or hereafter on said land fully insured to a sum of not less
than N/A
in a company w companies acceptable to the mortgagee. the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any stun of money becomes payable by virtue of :uch. insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus; to pay all costs, charges, and expenses, including lawyer's fees and ttfle
. searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor fo promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and ibis mortgage,
or either: to 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 /ails to pay when
due any tax, assessment, insurance 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 of
jetting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dote fher+eoj at the highest law-
f trl mte `then allowed by the lows of the State of Florida.
~l any sum of money herein referred to be not promptly paid within thirty days next offer
the same becomes due, or if each and every the agreements, stipulations, conditions and eouenants of said
noes 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, 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 exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or ,
thereafter accruing. '
~n ~~WIeSS ~~eCeof, the said mortgagor has hereunto signed and sealed these presents the
day and year first shone a+ritten.
Signed, sealed and de 'vered in the presence of : -
_ - MICHAEh B. WATKINS~.,-{~~
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TERRI A. WATKINS
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STATE OF FLORIDA.
COU:~'"f'Y 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 takr acknowledgments, personally appeared
~ MICHAEL B. WATKINS and TERRI A. WATKINS, his wife
to me known to be the person 8 described in and who executed the foregoing instrument and they acknowledged
before me that they executed the same.
s WITNESS my hand and official seal in the County and State last aforesaid this ~ day of
I June A. D. 19 80.
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