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a-td shall perform, comply u~iflt acid abide by ench acid every the agreements, stipulalioris, conditions and
-rnvertants tltercwf. and of flits mortgage, then this mortgage and the estate hereby created, fhall~cease, de-
termine and be -urll and void.
end the morlgagor hereby f urlher covenants and agrees to pay promptly when due the principal and
IIItPMSf and oflter str-ns aJ ntortey provided for in said note and this mortgage, or either; fo pay all and
singular the taxes, assessments, levies, liabilities, obliftatiorts, and encumbrances of every nature on snid pro-
perly: to permit. commit ar suffer no waste, impairment or deterioration o/ said land or the improvements
lhernvn at any limp: to leeep the buildings now or hereafter on said land fully insured in a sum of not less
than full insurable value
in a comtxtny or companies acceptable fa the mortgagee, the policy or policies to 6e held by, and payable
to, said nrort{tagee. acid in the event any sum of money becomes payable 6y vfrltre of such Insurance the
mortgagee shall have the rigltl fo receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; fo 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 morlgagor fo promptly
and Dully comply u~ifh the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform. comply with and abide by each and every the agreements, stipulations, rnnditions and
covenants set forflr in said note and this mortgage or either. In the event the mortgagor (ails fo pay when
due any ta.r, assessment. insurance premium or other sum of money payable 6y virtue of said note and flits
mortgage, or either, the mortgagee may pay the same. without waiving or affecting the option to foreclose
or any other right hernunder. and all such fragments shall bear interest from date thereof at the highest law-
ful rate then allotverl Icy the laws of the SfaIP o/ Florida.
)l any sum of money herein referred to be not promptly paid within lt~ days next after
die same becomes due, or if each mid every the agreements. stipulations. conditions and covenants of said
note and Iltis mortgage. or .•ilher, are not fully performed. complied with and abided :ry, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary rtottvrfltsfanrling. failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a tvniver of any rights or options under said note or this mortgage accrued or
fhernaf (cr accruing.
~n ~itneSS ~hft'~~f, Ilu• snid morlgagor has hereunto signed and sealed these presents the
day and year first above u•riffen.
Signed sealed gnd d~livernd in the presence of
r
;'
_. ~ _
STATE OF FLnRIDA,
--
ccn'~TY c~F MARTIN ~
I HEREBY CERTIFY that on this day. before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to takr acknowkdRments, personally appeared
GEORGE W. R. OLSEN and DAISY V. OLSEN, his wife, and
ro m.• kn ROBEReT t BEPST nSri~I~L~RRAI NE K ~~ BEST ~e fl].S i Wl.~e meet and they acknowkdged
Ixfore Inc that theyeaecutea tht same.
,c- A.~..: ' . ~ .~
N'17:~ESS my hand and official seal in the County and State last aforesaid this , ~. • y.,:' ~y of
November n. n. 1980. ~ ~• ,~,`".. .- =',~~ ••
~. d,:
.;_
rA ~ ^ ~~t , f. -.
~~`Q ~ _ Notary Public -;:~,;~73•: ~ : '-
~kt:c tfrcc a Notary Pul:!it, Stat~ei •" ,~. v ;;
S1.Lt)CI(C ,~! ~ My Commission E:yires 0. I~:~ .V ~`
ROGER I"OIiR~.~ W,a.a r. •.,..:..:.. s c.:.:i1't~~-s~~F
CLERK C~3CUIT CCUF ~ gf
qs r{pry ~T'tlt':f
5~.~9~36
~ pREPARL-D BY:
%is hurr,nr~„~ prrpr,mf by: W, THOMAS Y'lACKEEN, ESQIS{RE
~,/,/nom 41 EAST OCEAN BOULEVARD
'; POST O~PICE 30X Itr66
STUART, FL4:ilDA ~ 33494
s~944~~1023
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