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rend shall pert
orm, comply with and abide 6y each and every the agreemenb, stipulations, conditions and
covenants thereof, and of this mortgage, than this mortgage and the estate herby created, shall cease, de-
termine and 6e null and void.
the mortgagor Newby further covenants and agrees to pay promptly when dw the principal and
interest and other sums of money provided far to said note and this mortgage, or either: to pay all and
singular the taxes, as:essmenti,. levies, liabllittes, obltgaltons, and encumbrances of every nature on sold pro-
perly; to permit, r~ommlt or suf
jer no uwste. impairment or deterior+atian of sold land or the improvements
thereon at any time: to keep the buildings now or hereafter on said land /oily insured In a sum o/ not less
than "
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and to the event any sum of money becomes payable 6y viNw of suck insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any sttrplus; to pay all cosh. chaega, and expenses. including lawyer i fees and floe
searches. reasonably tnctu~red or paid by the mortgagee because of the fatltsre of the mortgagor to promptly
and jolly comply with the agreements, stipulations. eortditiorta and covenants o/ sold note and th4 mortgage,
or either; to perform, eomply~wlth and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and flits mortgage or either. In the event the mortgagor jai4 to pay when _
dw any tax, assessment, insurance premium or other sum of money payable 6y virtue. of said note and this
mortgage, or either, the mortgagee may iwy the same. without waiving or affecting the option to foreclose
or any other right hereunder, and till such payments shall bear interest from date the.eoj at the highest law-
ful rote then allowed by the laws of the State of Florida. .
s~ any sum of money herein referred fo be not promptly paid within ~ days next after
the same becomes due, or if each .and every the agreements, siipulnfions.'eondtlions and covenants of said.
note and this mortgage, or either, are not fully performed, complied with .and abided 6y, then the entire
sum mentioned in avid note, and this mortgage, or the entire balance unpaid thereon, ahaU /orthwith or
thereafter, nt the option of the mortgagee, become and be dw and payable, anything to said note or herein
fo the contrary notwithstanding. Failure 6y the, mortgagee to exercise any of the rights or options herein
provided shall not rnnstitute a wniuer of any rights or options under said note or fhb mortgage accnred or
!hereafter accrusi~ng. `
~n ~Vull~ ~~`e the said mortgagor has hereunto signed and sealed these presents the
day and year f
int above written.
. sealed and delive in t e presence of
. a -
f~ 8-,,-f
~at"rici a'~Qiiion"""-'"~""
i "
- .
~ STATE OF FLORIDA.
COUNTY OF $t . Luc i e
~ I HEREBY CERTIFY that on this day, before me, as
officer duly authorized in the State aforesaid and in the County aforesaid to take acknoMrtedsmenu, personally appeared
Orbie J. Dixon and Patricia Dixon
to me known to be the person descr'bed~ in and who a:ecuted the toreaoina instrument and they acknuwkdScd
before me that they executed the same.
WITNESS my hand and official seal in the County and State last aforesaid this 20th dsy of
October A. D. 19 80 • "
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~ ~.T 21 S~ _ ~c,~„~, rwuc si~tt a , f~
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77itiLhs~ninrati pttpirurAb~: Howard N. Hughes
~+ddizxr Southeast First National Bank of Fort Pierce -
P.0. Box 970 _
Ft. Pierce, Fla. 33454 X341 PAGE
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