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and shall perform, comply with acid abide by ench and every the agreements, stipubltoris, conditions and
rnvenanfs therPOj, acid of this mortgage, then this mortgage and the estate hereby coated, shall ceaac, de-
fermino and Le null and void.
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end the mortgagor hereby jurfher covenants and agrees fo pay promptly when dig the principal and
i?tteres/ and other sums of money prat?ided jor to said note and this mortgage, or either; to pay all and
singular the taxe:, assessments, IPriPS, liabilities, obligations, and encumbronres of every npfure on said pro-
perly: fo permit. commit or suf
jer rto waste, impairment or deterioration of said land or the improvements
Iherncn al any time: to ItPPp the buildings now or hereajfer on said land jolly insured. in a sum of not less ~
than highest insurable value. ~
in a company or companies atrepfablP fo the morfgagPe, the policy or policies to be held by, and payable r
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fo, sat mortgagee. and in the event mry sum of money becomes payable by virtue of :uch insurance the
morfgagPe shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any stt?pltrs: to pay all costs, charges, and expenses, including lawyer's Jess and title
searches. reasonably incurred or paid 6y the mortgagee because of the jailors of the mortgagor to promptly
and jurrv comply urith the agrPPmPn1s, stipulotions, conditions and covenants of said note and this mortgage.
or either: to perjorm. comply tuitlt and abide by each and every 1hs agreements, stipulations, conditions and
covPnarlis set jorlh in said Hots and this mortgage or either.' In the eaent the mortgagor jails fo pay when
due any tax, assessment, irlsttrance premium or other sum of money payable by virtue of said Hole and this
mortgage, or either. IhP morfgagPe may pay file same, without ulaiving or ajjecling the option to foreclose
or any other right herPtrrtder. and all 'such payments shall bear interest from date Ihereoj at the highest Iaw-
jul rnfP`then al[owcrl by 1hP [airs of the SIQIe of Florida.
~L any sum of manP~ herein referred io be not promptly paid within 30 day: next after
the same bPCOmPS due, or ij each and every the agreements, stipulations, conditions and rnvenants of said
note and this mortgage, or either; are riot /ully perjonrted, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
Ihereajter, of fhP opfiort of the mortgage>e, become and be due and payable, anything in said Hole or herein
to the corrfrary rlodvrlllsfanding. Failure by Ilse mortgagee to exercise any of the rights or options herein
providal shall not canstihllP a waiver of any rights or options under said note or This mortgage accrued or
t IhprnajlPr accruing.
~Il ~lttleSS ~heCeof, ills said mortgagor has IlerPtrnto sitfned and sealed these presents the
day and year just above tvrifiPn.
SI fled. alPd all del/I~Prell Irl fhP prPSPrlI'P Oj: '
Hess ~ RICHARD F. ~C S~
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W ess~ ESME M. SCHULDES
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r STATE OF FLORIU:~, t
' Cc)~XTY c)F ST. LUCIE `
I ItEREBY CERTIFY that on this day, before me, an
otiicrr doh- authorizrd in the Stair atorrsaid and in thr County atorrsaid to takr acknowledgments, personally appeared
i
j RICHARD F. SCHULDES and ESME M. SCHULDES, his wife
~ to mr known to tx• thr prrson S drscribrd in and who ezecutrd the forrgoing instrumrnt and who ackttowkdged
lx•iarr nor that they rxrruted the same.
~ N'(7:\ESS my hand and official seal in the County and Stair last aforrsaid this 3rd day of
October n. t9 80
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~ 1~_~~ Q~ . -b ii; ~ ~u C~..l_
i OTARY PUBLIC
ROGER NCtT.°?:,:: My commi-sion expires:
C:CFK Cl&~.':: L': f
' Notary Public: ¢tate or F!
9rida at Large
~U~,4~ r; My Cotnmtsslutt Expl;t:s Dec. 18. 1981
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Stt.t's ~ l~ PACE '
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