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and shall perform, comply with and abide 6y each and every the agreements, stipulnftoris, conditions and
covenants tlterPOf, and of this mortgage, then this mortgage and the Psfafe hereby created, shall cease, de- ~
terallnP and 6P null and void. ~
end flte ntorlttagor Iterc•by jurtlter covenants and agrees fo pay promptly when due the principal and
irtlernsl and ollter sums of money provided jor in said note and this mortgage, or either; to pay all and
singular the faxes, assessmc•rtfs, IPI+IPS, liabilities, obit{rations, and encumbrances of every nature on said pro-
perty: fa permit, commit or suffer no waste, impairment or deterioration of said land or the improvement ii'
fherecn al any lime; fo Iteep the buildings Hour or hernafter on said land fully Insured in a sum of not less t
Ihan N/A
in a company or companies acceptable fo the mortgagee, Ilte policy or policies to be held by, and payable {
to, said mortgarteP, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo recPIPP and apply the same to the inde6fednes: hereby secured, accounting
fo the ntorlgagor jor any sttrrrltrs: to pay all costs, charges, and expenses. Including lawyers fees and fills
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
and fully e•omply u+itlt flte agreements, stipulations, conditions and covenants of said note and this mortgage,
or eiflter; to perform. comply with and abide 6y each and emery the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the morfgago~ jails to pay when
due any fax. assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the morfgagPP may pay IhP same, without waiving 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-
~uI rate then allowed by the ~au•s of the State of Florida.
Dl any sum of mmtPy herein referred to be not promptly paid within 30 days next after
the same becomes dues, or if each and every the agreemwtts, stipulations. conditions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire
strm mentioned in said note, and Ibis mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter. of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary nolu+rthstonding. Failure by 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
Iherea jter accruing.
i
~n witness thereof, Ilte ,aid mortgagor has heretrnfo signed and sealed these presents the
day and year f irsf above u•riden.
Sind, sealed curd delivered in the prnsence of : `i~`/•
itne OAN•~LI/PS'~..~..
the s ED~3t PHILLIPS
f ' I
~ ~ STATE OF FLORID:1,
f COI: \TY OF
I ~ I HEREBY CERTIFY that on this day, before me, an
officer dulc authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
i
JOHIJ PHILLIPS and EDGAR PHILLIPS
~ I ro mr known to fx• th+• prrson described in and who executed the foregoing instrument and they acknowledged
° ~ Ixfor~• me that they executed the same. j"
i
~~'171ESS my hand and official seal in the County and State last aforesaid this ~ f day of
A. D. 19 80. ~
~
f
I ~ NOTARY PUBLIC I
• 1980 AUG -4 A~ i~ 50
r My Coumission Expires:
FfLE01:fiC FECURpfO
a ST.LUCIE CQUlfiY.ilA.
RC+GER POiTRAS L~
CLERK CIRCUIT LOUR~I ;
~ ~ • 3J'~.%
j
RECORD ~'>•elrl~o _ ~7 ~ /Wta~r~l lrf~
- - ~ J n
`'S1i~~4 ,
lus Ills/nullfJd pr?~uri
~l hy:
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I JJ.r~« 8(IOKV~JII PAGF
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