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and shull pe-~orn~, rnmply wtll~ and a61d~ 6y each and e~~ery tl~~ ag-~emenli. •tlpulai~oni, condtliona and
co~-enants the-eoJ, and o~ II~Is morfgap~. t6en ll~ia mortgagr and t1~s s~taf~ hsnby created, a1~all csai~. d~-
ts~mine antl bs null nnd iwid.
~ II~p mortgn~or heru6y ~wthe~ oovenanla and aereei to pay pro~nplly whvn dw tl~~ prt~cipn! and
tntenai and ofhK suma o~ mdhey prouided jor tn satd note and lhlt mo-tgage. w stltirr: fo pay a~~ and
singu~a~ t~e fax~s, assessments. Ieules. Ira6iturH, o6ligafions, and encumbroncet o~ overy nntun on ~uirl pro-
perly: to permli, conimif or au~f er no wwte, impal~menl or deteriowf~on o~ ,a~d bnd or fhe Improuemenfa
Il~prrcn t an Iime; !o ~~np Ihe butldtngs now or 6e-vajt~~ on .oid land Jully tnsiu~ed 1n a:un~ o/ ~ot lesi
~tiQ~ ~ig~iest insurable value. ~
in a company or rnmpaniat accepfa6~e lo i{~e mortgaflee, Itie po~tcy o~ po~icies fo 6e held 6y, and ~xiya6b
to, said mortga~ee, and in lI~R event any sum o/ money 6eeomes paya6le by virtue o~ auch tnsurance fl~s
mo-tgagee shall I~ove the rtght to recetue and apply the same to the tnde6fednast -~ereby sectued, aceounfing
fo ftie mortga~or ~o~ any iurplus: fo pay a~~ rnsts, cha-ges, and expenses. tncluding ~awyer s~eea a~d tilb
searcties, rewona~~y tncurrec~ or paitl 6y t1~e mortgagee because o` Itie~ (al~ure o~ Itie morlgagor fo pron~pt~r
and ju~~y rnmply wit~ ftie agreemenfs, slipu~alions, condtftons nnd rnvenanls o~ taid note nncr ttita mortgagt.
or eithe~: to per/orm, e~omply with und a6ide by each ond every !he ngreemenb. :tipulnttons, condilioni nnd
covenants set jorlh in said note and this morfgage or either. ln the event the mortgngor jails to par when
due any fax, assessmenl, insurance premium or other sunt oJ ~oney ~ya6[~ 6y uirfue oj said nole and f~is
morfgage, or eiltier, the morfgagee muy pay ftie same, wtfhout watuing or a~fecling the opt~on to ~onc~oae
or any ofher ri~l~! herpunde~, nnd all auch paymenls s1~a11 6ear [nteres! (rom date ll~ereo/ at the I~tgheit law-
~uI mte Il~en allowed by the Iawa o~ Ihe Slate o) Floridn. -
7` any sum o~ money he-ein re~erred lo be not promplly paid wittiin fifteen dnya n~xt aJfe-
t1~p snme bet~omes due, or ij each and every Ihe ag-eements. slipulations. rnnditions and oovennnta o/ tatd
note ~d . eh~s mo-fgage. or eit/~er, are nol /ully per/ormed, complied with and a6td~d 6y, fhen tl~e entire
sum mentioned in said note, and Il~is mort9age, or the enftre 6alance unpntd tf~eneon, ahall jorthwitl~ or
If~ereajter, at Ihc oplion o/ ttie mortgagee. 6ecome nnd be due and paya6le, anytl~tng tn said note or 6e-ein
to I~e contrnry nolwil{utanding. Failure 6y fF~e mortgagee to exercise any oj ttie rig~fs or opttons ~eretn
provided s~a~~ not constilute a waivP~ o~ any righfs or opfions under said nofe or lhit mortgage acc-ued or
I~e-euf te- acrruing.
~n ~itness ~hereof~ Il~e said marlgagor has I~errunto signecl and aealed tl~ese presents tl~e
aay an~ year ~int a{~one ~nrillen. '
Signed, sea~ and t1P~ine~ n II~e pr~s~~ncp o~: ~~ ~/'~'/`/ „"'' ~!
~ ~ ~ . . . .. ............. ... . . ........... ..........~
.......... ... ..... . . ........ ... ....... . . . . . ..
~' ~~ LIONEL E. WATSON
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O
STATE OF FLORIDA, ~
COU:~TY nF
$t. Lueie I HEREBY (:ERTIFY that on thii day, before me, an
offic~r duly authoriz~d in the Stat~ a(or~said and in th~ County ~(oresaid to tak~ acknowledRments, penonally apptared
Lionel E. Watson, a single adult ~
to mc known to br thc prrson d~xribed in and who ex~~uted the (or~qoinq instroment a~d Wl'10 ~~knoM'kdRed
Fx(or~ rr~ that he ~xecuted the ume.
K'I7~NESS my hand and offi~ial seal in thc C:ounty and S~ate last a(oreuid this 16th d~Y ~
' .'`.'l~anuary A ~ ~9 81
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19~ ~~N 2 ~ ~,u~ ~~; 23 NOTARY PUBLIC
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