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and shall perform, comply with and abide Ly each and every the agreements, slipulationi, conditions and
covenants thereof, and of this morfgape. then this mortgage and the estate hereby Heated, shall cease, de-
termine and be null and void.
~~ the mo-fgogor Ite-rby further couertanfs and agrees to pay promptly when dw fhs principal and
interest and other sums of money provided jor to avid note and this mortgage, or either: to pay oll and
si-tgular the faxes, assessments, levies, liabtlifies, obligations, and encumbr+artces of every nature on said pro-
perly: fo permit. commit or strjjer -to u~aafe, impairment or deterioration of said land or the improvements
fherrcn at any time: to Iteep dte buildings now or hereafter on said land jolly insured in a sum o/ no! less
than
its a company or companies Acceptable fo the mortgagee, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such instuance the
mortgagee shall hat~P the right fo receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus: to pay all costs, r•ha-ges, and expenses, including lawyer's fees and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo promptly
nail jolly comply with the agreements, sfiptrlations, rnndifions and covenants of said note and this mortgage,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, eondittons and
covenarts set forth in said note and this mortgage or either. In the event the mortgagor foils fo pay when
due any tax, assesmmentt, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage. or either, the mortgagee may pay the same, wIlhout waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dote thereof at the highest Iaw-
jul mfe then alloured by the Iatns of the 4fate of Florida.
~l arty sum of mo-ePy herei-r referred to be not promptly paid within 1rj days next after
flee same bee-omes due, or ij each and every the agreements, stipulations. conditions and covenants of said
note nail this mortgage, or either, are not fully performed, rnmplied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall Jorlhwith or
thereafter. al the option of the mortgagee, become and 6e due and payable, anything in said note or herein
io the contrary notwithstanding. Faihrre 6y the mortgagee to exercise any of the rights or options herein
provided shall not consfiftrte a waiver of any rights or options under said note or Ibis mortgage accrued or
fhereaffer accruing.
~fl ~ltlleSS whereof, the soid mortgagor has hereunto signed and sealed these presents the
duy and year just above rvritfen.
Si ed, sealed and vered in the presence of
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STATE OF FLORIDA,
CO1'\TY OF St . Lucie
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GLADYS..~ _ LI~'YNE1~
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1 tiEREBY CERTIFY that on this day, before me, an
ottifrr duly authorized in the State aforesaid and in the County aforesaid to uke afknowltdRments, personally appeared
Robert L. Lippner, Sr. and Gladys C. Lippner, his wife,
to me known to hr the person S described in and who ezefutrd the toreKoinK instrument and they acknowkdRed
before me that theyrxrfuted the same.
N'I'i\ESS my hand arsd oitifial seal in the (:ounty and State last atoresaid this ~Q TL day
~2Ce[ilber A. D. 19 8O . /
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t9~0 DES 12 k~ 11= 33 ~~
i1Mw rabf+~. Sbte d Flortds at Lary!
FitEe aNt t'ECOi(vE'0 1~ Ceetwitsien Expires May 12, 1981
S i. L UGF C CUN 1 Y. f l A. tt..rw sr w.w+o.. rw a c....yr c.....r
ROGER POITRAS -
CLERK ~fACUiT COJFi
i
~~ .10349
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%is hwnar~~~N prr'prnrr/ hy:
ilrlrln-ts THIS INSTRU?:ENT WAS PREpaRED BY:
Er";!IaN N. Sl01~':.iY. III, Aitarney at Law
"~~ " ~~~3t;0 ST~~ET, FT. P'ER~., fLA, 334SJ
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X344 P~2492
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