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and shall perform, comply with and abide by each'gnd every the agreements, stipulaftoria, conditions and
covenants thereof, and of this mortgage, then this inorfgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
><i111~ !hP mortgagor hereby f urf her covenants and ogress to pay promptly when due the principal and
inferes! and other sums of money provided for in said note and this mortgage, or either; to pay all and
singular the lazes, assessments, levies, Ita6llities, obligations, and encumbronces of every nnturo on said pro-
perty: to permit, rnmmit or suffer no waste, impairment or deferiorofton of said land or the Improvements
thereon of any time; to deep the buildings now or herrttf
for on said land fully t?uured in a sum of not less
than
in a company or companies acceptable fo the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the et?ent any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any sttrpltu: fo pay all costs, cha?ges, and expenses, Including lawyers fee: and title
searches, reasonably incurred or paid by the mortgagee because of Ihe_ failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either: fo 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 fails fo 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 affecting the option to foreclose
or any other right hereunder, and alI such payments shall bear interest from date ihereo/ at the highest law-
f ul rate then allowed by the Iaws of the State of Florida.
~l any sum of money herein referred fo be not promptly paid within 3O days next after
the same becomes dug, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully per/ormed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith w
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 ot* options Herein
provided shall not co?tsfitt?te a u~ainer of any rights or options under said note or this mortgage accused or
fhereaJ(er acc?uing.
~n ~itntSS thereof, the said mortgagor has heret?nto signed and sealed these presents the
day and year first Abol~P written:
Signed, sealed and delivered in the presence of
_ - `
Richard G. Petitt
app
arbara A. •Petitt
i
t
i
~ STATE OF FLORIDA, )t
COI,'\TY OF TI2Q/~?~.yt, 1
~ I HEREBY CERTIFY that on this day, before me, an
officer dul}• authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared
Richard G. Petitt and Barbara A. Petitt, husband and wife
to me known to Ix the persons described in and who executed the (oregoinq instrument and they acknowledged
j before me that they executed the same.
~~•I7~\ESS m}• hand and official seal in the Count}• and State last aforesaid this 3 C.J day of
t A. D. 19 8O.
P -
i
i
E
Notary Public - •
f~
S ~ _ ~
My commission expires : 491,62'~f - - - -
I . ~ .
! NOTARY PUaI IC STATE Of ROR I DA Aj LARiGE I98U J!!i ~ Z ~ i2: 2 S •
MT CGMnal:Slt;zv f:u~idcS I1MT IS 1981
'..~wu: ~ruw .,c~.:R.+? _ ur.U[x.bw~..tii f{lID ~tiC frCCdOEi.
I y 0 S~ t.t1ClF Cf2i1NTY.fLA.
3 zLEWf CtRC~OTTC
J~ i
~
~ This tnstrume?tt was prePa~ ~ }
! CHICAGO TITLE INS. CO.
T/iis liulnarrrrri prr-fxrrr~/ hy: SUSAN BOIJSS
`~~/Jre.cs 555 COLORA00 AVE. -SUITE 4
P. 0. BOX 2295 aCi7Kc~4 P1GE ~1
STUART, FLORIDA 33494
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