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rend shall perform, comply wflh and abide 6y each and et+ery the agreements. stipulations. eondittons artd
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall eestse. de-
termine and be null and void.
the mortgagor hereby lwther covenana and agues to pay promptly when dw the pNnNpai and
Interest and other sums of money provided Joy in sold note and tht, mortgage. or either; to pay aU end
singular the faxes. as:euments, levlvs, ltabtGttes, obltgaftons, and encumbrances of every nature on said pro-
peNy: fo permtl, rnmmlf or sutler no waste. impairment or deterioration of sold land or the'Improwntenb
thereon at any time; to deep the buildings now or herruf
ter on said land /ully Insured to a Burn o/ not less
than highest insurable value---------------------------------~___-__-
in a company or companies aeeeptabb' to the moNgagee, the policy or poltctea to 6e held 6y, and payable
fo. said mortgagee. and In the event any sum of money beeontes payable by virtue of such insurance the
mortgagee shall leave the tight to receive and apply the same to the indebtedness hereby second, accounting
to the mortgagor for any surplus: to pay all costs, charges, and expenses. including lawyeri Jses and floe
searches. reasonably factored or paid by the mortgagee 6erawe of the f
aflurs of the mortgagor to promptly
- and fully comply with the agreements. stipulations. cortdittons and oawnonts of said note and this mortgage.
or either; to perform, comply with and.abide 6y each and every the agreements, stipulations. conditions and
covenants set forth in said note and this moNgage or eitF.er. In the event the mortgagor Jails to pay when
due any tax, assessment. Insurance premium ~or other atun.of money payablo 6y viNw of said note and this
mortgage. or either, the mortgagee may pay the same. without waiving or of
Jscfing the option to Jorscbse
or any other right hereunder. and all such payments shall bear interest from daft thereof at the highest law-
f
ul rate then allowed by the Laws of the State of .Florida.
1l any sum of money herein re(arrrd fo be not promptly paid wifhir~].f'172eI1 (ZJ) days next alter
the same becomes due, or ij each and every the agreements, stipulations. conditions rend covenants of said
note and this moHgage, or either, are not lolly performed, complied with •and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thenron, shall JoNhwith or
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 exen-ise any of the rights or options he?eIn
provided :hall not constitute a u?aiver of any rights or options under said note or this mortgage accrued or
fherealfer accru=sing. `
~n ~`uleSS ~~~fr the sold mortgagor ha: hereunto signed and sealed these presents the
day and year f
int above written.
Signed, sealed and delit~errd fn the presence of
~rl~. -
j S T. McCORMTCK
STATE OF FLORIDA.
CouNTY of ST. LUCIE
I HEREBY CERTIFY clue oa this day. before me, as
officrr duly authorized in the Stair aforesaid and in the County aforesaid to take acknowkdaments. peraoaally appeared
SANDRA I. McCORMICK
to me known to be the person described is and who acecuted the foresoina instrument sad SPIe acknowkdaed
before tree that she executed the same. .
WITNESS my hand sad of[tcul seal in the County and Sate last aforesaid this day of
September, A. D. 19 80.
j~ ~ 3' ~Q ARY UBLTC r.. - ~lori`cia
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4 (~Q f~~ 1 ~ ~r~ ~ l' ~ at Large. >y~~:.~yR~,, - - ~ -
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