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an~ stio~~ per~orm, ~~omp~y wifti and n6id~ 6r ~1~ nncl eoery f~e agreemenls, sfipu~aftoni, rnndiflona a-ul
c~o~~e~ants ~6ereoj, and oJ Ihis mwtAa~s, lhen this mwt9age and Il~e e~tate kero6r crealed, ~hal1 cew~, d~-
ltrmine antr ~e nu~~ nntr voi~.
~ ~1~~ mwtga~or I~e-e+by fwtl~e~ covennnts and agrees to poy promptly when dus the principal nnd
inte-pa! and othe- sums of money provided f or in satd ~ole and ihii mortgoge, or etlher; to par a1l and
singu~a- Itie fa.rps, assessmenls. ~evies. ~iabi~ities, ob~igalions, n~d encumbronces oJ every nafwe on said pro-
perly; to pe-mil, rnmmit or su~~er no wasfe, impai~ment or deferio~atton o~ anid ~and or the tmprovernenb
tl~Precn at an lime: fo ~~p 16e bui~dings now or {~e-PO(t~r on said la~d ~u~~y i~sured in a aunt o( nof ~ess
Ihnn hig~iest insurable value. .
in a compnnr w i-ompnnies accepta6le Io Ihe mo-tgaflee, the poltcy or policiea to 6e held 6y, o.~d ~~61.
to, said enortpayee, and in the event any sun- o~ money 6ecomea ~ya6k by ui-tue o~ such inswance t1~e
~nortgagee sl~all bave tl~e rigl~t to -eceiue and apply Ihe same to Ihe inde6tedneu here6y secured, acc~ounting
to ftie n~o-fga~or (o- nny aurp~iu; lo pay a~~ cosfs, charges, and expe-ues, inc~uding ~awyer s ~ees and itt~
seancties. rPwona6lr irtcurree~ or paid by Ihe mortgagee because.oj Itie ~ai~ure o~ f~e mortgagor fo prompl~r
nnd ju~~y comply wifl~ fl~e ogreements, stipu~afions, conditions anc~ covenanfs oJ said note ond fhi.t mortgng~.
or eit~er: to pe~o-m, rnmply witk and a6ide 6y eac6 nnd every the ngreemenfs. sfipu~nliona, condittons and
c-o~~nanta stl ~ori~ in snid nofe and lhis ~nwfgage or eifher. ~n ttie event ttie mo-tgagor ~ni~a to pny w~en
due an~ tnx, assessment, insurance p-emium or otl~er sum o~ money payab~e by virfue o( snid riole nnd tl~ts
mortgage.. or eiltier, ftie mo-tgagee mny pay ttie same, withouf waiving or uj~ecfing t~e option to ~weclose
w any otl~er -iql~t 6erpunder, and all sucl~ payments shall 6ear inlerea! ~rom date thereof a~ rl~e htghe:~ bW-
~u~ rofe I~en a~~owec~ tiy f~e ~aws o~ the $tale o~ F~o-iaa.
1L any sum o~ money tie-ein re%-red lo be not prompfly pnid wilhin f i f teen days next n~ler
11~P same becomes due, or iJ earl~ and every II~e agreemenis, slipulations. condilions and c~o~enanls o) snid
note nnd this mortgaqe. or eitl~er, are no! )u~~y per/onned, complied u~it1~ antl a6~ded 6y, then the enti-e
awn mrntioned i~ said note, nnd l1~is mortgage, or fhe entire 6a~ance unpnid lbereon, shall jorlhwill~ or
lhereafter, at t~e option oJ t/~e morfgagee, become an~ be ~ue and pe~yab~e, anyf~ing in soic~ note or ~e~ein
to f~e rnnl-ary nofu~ifl-slan~Iing. Failure 6y f~e morlgagee to exerrise any o` tke rtighta or options ~erein
prorided ska~~ not constilufe a u~aiver o~ any rig{~ts or options under saicr note or this mortgage aecrued or
~IIQfPa j~PI pfCrUlR9.
~n ~itness ~hereof~ I~e said morlgagor has I~ereunfo signecl and senled ll~ese presents the
c~ny an~ year ~irs! ahot•e inritfen.
Signed, sealPd and dp~irered in Ihe prespncP o~:
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• LIONEL E. WATSON
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STATE OF fLORIDA, ~ ~
Cnl'\TY (!f
$t. Lueie I tIEREBY CERTIFY that on this day, betore me, an
offi«r dulr authoriz~d in th~ Stat~ afor~said and i~ th~ County alor~said to t~k~ ackoowledgmenu~ penonally appeared
Lionel E. Watson,~a single adult
~ to me known to Fx th~ prrson d~srribed in and who ex~cut~d the (or~qoing instrument and Whp acknowkdged
helor~ mc that he ~xccutcd the same.
~CI7 \ESS mv hand and o(tirial seal in thc County and Stat~ last afor~said this 16th d~Y "°~
:T'aIlU82y A. D. 19 81
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NOTARY PUBLIC
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