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anc~ shail p~rJo~m, romply u~ifh and a6ide 6y each and ei~ery li~e agreemenfa, alipublio-is, condttto~u and
coi~ena-~ts ~hnr~oJ, and oJ Ihis morlnane, Il~en this moNgage and Ihe pslnfe here6y c-patPd, al~all ceaae, de-
IerminP ancl I,p null a»d void.
~{l~ I~~w mo~tga~~or i~emE,y (urthPr covenanfs anc~ aprees fo pay promptly when due Ihe principal and
inter+c~sl nnc~ of~-pr sums of mon~y prot~itle~i ~or in saic~ note anc~ this mortgafle, or eifher: !o pay all a~d
singu~ar ftie fn.res, assessm~nls. ~c~vies. ~iahi~ifiPS, oti~i~alio-~s, and encumbmnces of every nalure on said pro-
perly: b~x•rmil. ~-ommif or su((er no waste, impai~menl or <~eferiorafion o~ sait~ (anc~ or tha lmprovements
tl~e~r~~n af any lim~; ro~r~Pp tl~~ bui~rlinns nou- or I~prea~f~~ on said lancl /u~ly insuretl in a sum o~ nol lesa
r/,an Fifteen Thousand and no/100 ($15,000.00) Dollars ------
in a i•ompnny or rompani~s a~rnpta~i~e fo I~~P mortga~ee. Ihe po~icy o~ po~tcies fo 6e held by, and paya6le
to, saic~ morlga~~P, an~~ in 1~~e ei~ent any sum of money becomes paya6le 6y virfue of sucf~ t~surance ths
mortga~~~ shall ha~~ 1l~N ri~~ht fo rec~iv~ and apply Ihe same to Il~e inde6tedness here6y securecl, acrnunting
to ftie mo-lgn~~or (ar any s~ap~us: to pay a~~ cosls, c~~a-~pes, and expenses. inc~uding lawye~s jees and fif~s
searcties, n~asonn~-~y incuire~~ or pair~ hy t{~n mortgagee hecause oj ttie ~ai~ure oj Ihe mortgaflor fo prompl~y
and ~ully ~-omply u~ilh the ac~re~mcnts, slipu~ofions, cone~ilions an~ ~ovenants of saic~ note ana itiis morlgage.
o~ Qil~i~r; fo pPr~orm, comply u~ifl~ antl a6ide 6y each anc~ every i~e agreemenfs, slipu~alions, conditions and
Covnnanfs sef jorl~ in sai~~ nofe an~ t{~is mo-l~oge or eifl~er. In t{~e rvent the mortgagor (ai~s fo pay u~tien
due any la.r, assessm~•nt, insuran~-e pr~mium or ofl~er sum o~ money payable `6y virfue oJ snic~ nole and tkis
mortpnc~p, or pil~~pr, f/~~ morf~~a,y~e may pay ftie same, u~ilhouf tuaiving or a~~ecting ttie oplion to ~orec~ose
or any olh~r ril~lil h~rP~u~der, an~l all such payme~fs sf~aU 6ear in~presl jrom date tl~ereoJ Qe ihp h~ghpst [om-
(ul rnte Ih~n alfo~oed by tl~~ l~~as o( t{~~ Slale o~ Flori~a.
~L any sum o( mon~y ~~~rAin re~~rr~~ lo ~~e not prompt~y pni~ within ~-5 ~ays nexf a~ter
the san~~ ~,~com~s tlue, or i~ eac~~ anc~ PI~P/y I~P agreempnls, stipulations. condilions anc~ co~enants o~ saic~
note and this mort~~nq~, or ~ith~r, arn not ju~ly perJormed, complied wifl~ ancl a6ided 6y, fl~en ihe entire.
sum mentioneil in said note, and t{~is morl~agp, or thp entire ba~ance unpaid fl~ereon, shall ~ortf~wifh or
l~e~en~ter, at t~-~ oplion o~ f~~P morlt~n~~pr, I~pco-ne an~~ ~P clue and paya6le, onyttiing in saic~ note or herein
fo I~e ~onimry not~nitf~slnn~~i~u~. ~=ai~ur~ ~-y fE~e morfgo~ee to exercise any oj ttie rig{~is or opltons herein
proni~I~K~ s~ia~~ nof consfiluf~~ a u~ni~~~r o( a-ty riqtils o~ options unrler sai~~ nofP or I~is morfgage accrue~ or
t{~erea~f~•r n~~•n~im~.
~n ~ditness ~hereof~ ~~IP S(IItI morlgayor ~tA~ ~tPfpllRtO SIqf1P~ (~fiA SP(IIP(~ IRPSP p~esents itie
~ay nn~~ y~mr ~irs1 n~ior~~ rvriflc~n.
Sign~~I. s~a~~•t~ anr~ t~~lir~r~t~ in f'~~ pr~s~vu~~ oJ:
.._, -~~, rn . . . ~ 51.r,~~~-'ti~~%~l.~a-~ .- -. . .
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Frank ~V. Race
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or~~ea"-~ ~Race
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STATE OF FI.(1RIDA, t
cc~~~~rv c~E~ ST. LUCIE ~
1 FIEREBY CERTIFY that on this day, be(ore me. an
offi~er duly authurir~d in th~ Statc~ afor~said and in th~ Gount~• afon•said to tak~ acknowledqm~•nts, prnorully apprarcd
FRANK W. RACE and DOROTHEA E. RACE, husband and wife
to m~• known to F-r• th~• p~•rwn S drsc~itxd in and who execut~d th~ for~¢oinq instrum~nt and they acknowledSed
Fx(or~• m~ that they ~xccutcd the sam~.
~V17;1~ES5 rnq hand and o[liiial sca{ in thr County and Stat~• last afor~said lhis 16th day of
De~_~,e~be~ :~. n. t9 80
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Notary Public, State of Fla. at Large
My Commission expires: •y-~ - ~.t
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%lri~ Irrs~mir~rrr~ pn~un•J hy:
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