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and shall perform, comply with and abide by each and every the agr+sements, atipulattoni, conditions and
covenants thereof, and of this morfgape, then this mortgage and the estate hen6y created, shall cease. de-
termine and 6e null and void.
the mortgagor hereby further covenants and agrees fo pay promptly when due the principal and
interest and other sums of money provided for to said note and this mortgage, or either: !o pay all and
singular the faxes, assessments. Ieutes, Liabilities, obligations. and encumbrances of every nafttro on said pro-
perty; fo pe?mit. rnmmil or stsjjer no u•nste, impairment or deteriornlion of said Land or the improvements
iherwcn at any lime; to leeep the buildings now or he?eajter on said Ittnd fully insured in a sum of not less
than highest insurable value
to a company or rnmpanies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such instrance the
mortgagee shall have the right to receive and apply the same !o the indebtedness hereby secured. accounting
to the mortgagor (or any attrpltts; to pay all costs, charges, •and expenses, including lawyers fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply u+ilh the agreements, stipulations, rnnditions and covenants of said note and ihu mortgage,
or either; to perform, comply u•ifh and abide 6y each and every the agreements, stipulations, conditions and
rnt•enants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay u?hen
due any fax. assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without wniving or affecting the option fo foreclose
or any other right hereunder, and nil such payments shall bear interest from dote thereof of the highest lain-
(ill rote then Qlloll+ed by the Laws Oj the Sfafe Oj flOrida.
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~l any sum of money herein referred to be not promptly paid within fifteen day: next after
1hp 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 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire Iwlurtce unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, 6ernme and be due and payable, anything in said note or herein
to the contrary nofu~ilhstanding. failure by the mortgagee to exercise any of the rights or options herein
provided shall not eonslifttte a u+ainer of any rights or options under said note or this mortgage accrued or !
fhereaffer accniing._
~n ~~u1eSS thereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and delft red in the p Bence of
Georg nghurst
Valerie Billinghur~t
STATE OF FLORIDA, ~ q
COUNTY of ST. LUCIE '
t HEREBY CERTIFY that on this day, before me, an '
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
GEORGE BILLINGHURST and VALERIE BILLINGHURST,HIS WIFE
to me known to be the persons descn7xd in and who executed the foregoing instrument and they acknowledged ?
before me that they executed the same.
N'17'NESS my hand and official seal in the County and Sutc last aforesaid this lSt day of
June A. D. 19 80
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R.cehled • • b P,rngtlt Of ltltat ~ .
Ove On Clsss "C' intallpblg Pw'gonN anoPwtll.
Ott+suam To Chspbr 71. ~34r i~0!! ~ 1s .C~ ~i~ rl bi Atr c~QRIpA AS [1?R('~
GL{ ~ MY CUMMISStON IXtIRtS $'1 1? 19ti1
R Rt~~ ~ ~X~p iHRU C.E.~AitAt tNS IN~RWR~tfftS
i'larf Cncuq Court. St L.tlCltt. OD.. _ _
Y ~0<D
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JOHN ECvA!2 SHERRARD ~ ~ ~ B ~ t~'
'17iis hulrurnEid prrpard by • Ir ~ . ' - -
A•t~~rncy At Law t`'C,;'••...:...••'~t
r1tli/rrss 1'''? S~lr~~,'i:ivQr Drive (IRS A r (.:i~~'t~ ;
P. o...ox 43.,2 BQQ1(~`t P~Gf 51~
Fort Pierce, Florida 33450 ~ ~
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