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a?td shall perform, t~mply u~ilh and abI/lP 6y each and every the agreemerlls, atipulafton's, conditions and 3
covenants thereof. artd of this morfgape, then Ihis mortgage and the estate hereby created, shall cease, de- ~
[ermine and 6P null and void.
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the mortgagor hen+by f wlher covP?tants and agrees !o pay promptly when dw the principal and
interest and o1hPr sums of -money provided for In said note and flits mortgage, or either; to poy all and
strlgtllnr IhP fares, assessments, Levies, Liabilities, o6lipaiions, and encumbrances of every nature on said pro-
perly; to permit. commit or suffer no waste, impairment or deteriorotion of said land or the improvements
ihPrM`rl al arty tlmP; fo I;PPp t11P bt/tldings now or hPrPajter on sold land fully tnst/recl to a sum of not leas
than highest insurable value
in a company or companies accPpfablP to IhP mortgagee, the policy or policies to 6e held by, and payable
to, said mortpageP, and in fhP event nrly sum of money becomes payable 6y virftle of such insurance the
morlgapPP shall have the riph! fo receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for nny stlrpltls: fo pay all costs, charges, and expenses, including lawyers fees and title
searches. reasonably incurred or paid 6y 1hP mo?tgnpee because of the failure of the mortgagor to promptly
and ([Illy comply u~ilh the agreements, stipulalions,•conditions and rnnenants o/ said Hole and this mortgage,
or either: to perform, comply with and nbide by each and every the agreements, stipulnlions, conditions and S
covPnarlls set forth in said note and lhls mortgage or either. In the event the mortgagor fails fo pay when i
due arty tax, nssessme/lt, irlst/rance premium or other st/m of money pnyable by virtue of said note and this
mortgage, or eiflter, the mortgagee may pay the same, without waiving or of
fecfing the option fo foreclose
or any other right herntlnder, and all such paymertfs shall 6Par interest from date thereof at the highest law-
(Ill MIP then allotvMl by the lalUS Of the Staff of Florida.
~f arty stem of money herein referred Io be not promptly paid within fifteen days next of ter
the same becomes dtlP. or if each and every IhP agreements, stipulations. conditions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, ahnll forthwith or
thereafter, at fhP option of the mortgagee. become and 6P due and payable, anything in said note or herein
fo the contrary noftl•ifhstandinp. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitlltP a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itntSS ~heCeof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above Ivriflen.
Signed, sealed nd deli ere in the pr ce of : ~
J n R. Rea
j -
athleen B. Rea
STATE OF FLORIDA,
COL'\TY OF ST. LUCIE ;
I HEREBY CERTIFY that on this day, before me, an
i ~
~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
~ JOHN R. REA and KATHLEEN B. REA, HIS WIFE
to mc• known to be the prrsorS described in and who executed the [oregoinq instrument and they acknowkdged
Ix•forc me that they executed the same.
~~'I7"tiESS my hand and official seal in the (:ounty and State last aforesaid this 1St day of
August A. D. 19 8O i
` 4 949'8
NO 'a
l9~0 ~ ~ -4 P~; 2~ 30
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fl_EI` phi' <<CGFCii D
ST.LUttF CQ'JNTY.FIA. Mt Ct'~t•~,z".:(.Y/ fJU~IR_. ~1 ti Io81
R06ER Pf)1tRA5 ;<s?vDEU iHRU <:crl-.ant ens twt~twtiTERS
j CLERK CI CULT G~llR1,
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'tr t i t y
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• %liic /rtAni~nrnl pr<'jxtrrd hy:
F' U. 432 F • `
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Fort Plt:rce, Florida 33450 ii i
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