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and sltoll perform, cumply with and abide by each and et+ery the ngroemonls, tttpulnttoris, conditions and
covenants thereof, and oI this mortgage, then this mortgage and the estate hsroby created. shall cease, de-
termine and be null and t+oid.
the mortgagor Ite-eby further covenants and agroes fo pay promptly when due the principal and
irtferes! and other sums of money provided Jor in said Hole and this mortgage, or either: to pay all and
singular the faxes, assessments, levies, Iiabililies, obligations, and encumbronces of every nature on said pro-
perty; fo permit, commit or strjjer rto waste, impairment or deterioration of said land or the improvements
lherrcn at any lime: to beep flte buildings noun or hereafter on said land fully insured in a sum of not less
than
in n company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money 6ernmes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same !o the indebtedness hereby secured, accounting
fo the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the fniltu-e of the mortgagor to promptly
and fully rnmply with the agreements, stiptrlafions, conditions and covenants of said note and this mortgage,
or either: to perform, rntnply with and abide by each and every the agreements, stipulations, eonditioru and
cot+enanfs set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, artd aII such payments shall bear interest from date thereof at the highest law-
)ttl rate then allotuerl by the laths of the State of Florida.
~` any sum of money herein referred to be not promptly paid within 15 days next offer
the same becomes dice, or ij each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are riot fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
fhereajter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary nofu+ithsfanding. Failure by the mortgagee to exercise any of the rights or options heroin
provided shall not consfiftrfe a u+aiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~V~~Q~ ~,KL`~`s the said mortgagor has hereunto signed and sealed these presents the
day and near first aIr01+P a+riflen.
Si ed, sea d and d
~~~.
T ~
-- _ . -_ ~ -
Fered in the presence o/:
~~,~ J L-
STATE nF FLORIDA,
COl;\TY OF $t . Lucie
. RT - .... . . . . . ....SR /-- -- - ~- ------
.
I HEREBY CERTIFY that on this day, before me, an
o(ticer duly authorized in the Stair aiornaid and in the County aforesaid to take ackrsowled~ments, personally appeared
Robert L. Lippner, Sr. and Gladys C. Lippner, his wife
to rr:r known to 4r the person described in and who executed the foregoing instrument and they ackaowkdRed
txforr me that they rtcrcuted the same.
N'1"l \ESS my hand and oiiicial seal in th~• (:ounty and State last afore 'd this /O TN da) d
December A- D. l9 $Q .
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:90 ~~!; 12 A!# !I~ 33 ~+~- -~. sate o~ of t,rge .,,,.nr++;.;,.;~ -
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%is hwnuntai p,rprftrJ by:
;1r/r/rrss THIS ItlSisil;,;EHT WAS PREPARED BY:
E';:~'~ H. S:~`.:':;;Y. 11l, Attar~ey >tt Lew
~~ ~ ~. Sc;L;~D ~7'rE7, FT. PiER%E, FIA. 3345Q
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