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and shall perform, comply with and a61d~ 6y each and every. the agreynenfi;+ sltpublioris, conditions and
covenants the.eaj, and of this mortgage, then this mortgage and the estate hereby created. ahaU cease, de-
termine and 6e null and void.
fhw moNgagor Newby further covenants and agroes to par promptly when dw the prinNpnl and
interest and other sums of money provided for in said note and Ihts mortgage, or either; to par alI and
singular the taxes, assessments, levies, Itabilttiea, obligations. and encumbrances of every nature on said pro-
perty; to permit: rnmmit or suffer no waste. impairment or defertornfton of sold bad or the improvements
thereon at any time; to keep the 6uildtnga now or hereafter pn sold bad fully truured in a :um of not less
than N/A
in a company or companies acceptable to the mortgagee. the policy or policies to 6e held 6y, and payable
to, said mortgagee, and to thw event any stun of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same fo the indebtedness hereby secured, accounting
to the morfgafjor for any stt?pltu; fo pay all costs. charges, and expenses, including bwyers fees and tttb
searches, reasonably incurred or paid 6y the mortgagee because of the failuro of the mortgagor to promptly
and /idly comply with the agreements, sttpubttona, rnndittona and eovenanb of said note and 1hi: mortgage.
or either; to perform, comply with and abtde by each and every the agrosmenfs, stipubtions, conditions and
covenants set forth in acid note and this mortgage or either. In the event the mortgagor fait to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and lhts
mortgage, or either. the mortgagee may pay the same, without wntving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear Interest from date !hereof at the highest bw-
ful mte then allowed by the bws of the State of Florida
~l any sum of money herein referred to be not promptly paid within 30 day: next offer
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of sold
note and this mortgage, or -either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and thin mortgage, or the entire babnce unpaid thereon, shall /orthwith or
!hereafter, at the option of the mortgagee, become and 6e due and payable, anything to said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or optforu herein
prodded shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
7n ~iterenf, .the said mortgagor has hereunto signed and sealed these presents the
day and year f
irsl above written. -
Signed, sealed an~d(~de/~livdered in the presence of
of k. /may t' F ri S GEMENT COMPANY, LTD.
wi s ~ r
CL_ _
witness
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STATE OF FLORIDA,
COUNTY OF Indian River
I HEREBY CERTIFY that on this day, be[orc me, sa
officer duly authorized in the State aforesaid and in the County aforesaid to take ackoowkdgments, personally appeared
Peter H. Fite
to me known to be the person described in and who executed the foregoing instrument and he acknowkdRed
hefore me that Ile executed the same.
WI"l'NESS my hand and official seal in the County and State' last aforesaid this 30tH day of
June A. D. 19 80.
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NOTARY UBLIC .;tti %,a: j i.
~ 19ED JUL 23 Pk 2~ 57 riY COMMISSION EXPIRES: '1 l' ~
at 1
€ FILED AkC FEC08(1f0 ~ y ~ 9
~ SLIUCtE Cpp~~w~TY.f 11. M!r Gteeiasiott Esjns Ott. ib, 19!2 =
RC+GER POITAA~ a...w s. w..~s. rw a t...+. c..w. - • , . Y ,
CLERK CIRCUIT - ~ c~ dy,/ -
RFCCRI) HzRIf:fD~ ~ ~N =
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493814 - ~~.f,
T/iis 1,u1r»»
~c»i prrp~arrd by: I/~~
Arldrrrs BII~ fi7~7r pk6E~,~
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