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and ahall per(o~m. camp~y wtfh and abtde by ~1~ and every f~e agreementt, dlpu~aliona, condtttona nnd
c~onenants Il~ereo~, and oj Il~is mo~tgage, then Il~ls mo-tgage and Ii~e ealate i~vreby created, ahall ceass, de-
termine and 6e nul! a~d iwid.
~ tl~e mortgagor hew6y jurther oovenants and agrees to pay prompily u-he~ due tl~e p-tnclpnl and
interest and ofher sums o~ ~oney provided jor tn sa~Id note and l1~li mortgage, or eittier: fo pay a~~ and
aingu~ar fhe laxes, assesamvnls, ~eules. ~iabi~ities, o5~igalIons, and encum6roncei o~ every nafwe on aatd pro-
perty: to permif. eommit or su(fe~ no u~aste. ~mpai-menf o~ dete-ioratton o~ satd ~and or Ihe improvemenli
tf~ereon af any lime; fo keep the tiut~ings now or he-~w~tc~ on said land ~u~~y insurec~ i~ a sum of ~o! ~es~
ehan its full insurable value
tn n company or companies acceplable io ftie mo-tgagee. ftie po~icy o~ po~ictea to 6e held 6y, and puya6le
to, said mo-tpagee, nnd in the event any sum o~ monoy becomes paya6le 6y vi-tue oj suck insurance the
mortgagee s{~nll haue the rtghl to receive and apply !he same to the inde6tedness tiereby secured, accounling
fo fhe mortga~o~ ~or any surp~us; to pay a~~ costs, charges, anc~ expenaes, inc~uding ~awyer s(ees and Ijt~e
searches. ~~o-~u61y incurrecr or pnid by f{~e morfgagee becawe o~ f~e ~ni~ure o~ the morfgagor fo prompt~y
nncj ~ully comply with f{~e ng~eemenis, sfipu~nfions, conditions anc~ covenn~fs o) saicl note and Iliis mortgage.
or either, to ppr(orm. ~•umply wilh and uLide by aurh and every thP agresments, slipulations, condittons and
covenanfs set ~ort~ in saicl note und l~is mortgage or eifher. ~n !ke event fhe mortgagor ~at~s lo pay when
due any fax, assessmenf, insurance premium or other sum o~ money pnqn6~e by virtue oJ said nofe and f~is
morfgage, or eifher. the morfga~ep may pay Itie same, wif{~ou! wuiving or a~(ecfing tf~e option !o (orec~ose
or any olher ri~l~t {~ereunder, and all sucl~ payments ahal~ bear inte~est (rom date tl~ereo( at Ihe higf~est ~aw-
'U~ IqtB then a~~OU~~ ~y ~~P ~AU~S O~ ~~P J~p~P O~ F~O-I~A.
~` any sum o~ money hprein re(errec~ to tie not prompt~y paid wifhin FIFTEEN day: nezf a~le-
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thp snme 6ecomes due, or i) each and cvery the agreements, slipu~ations. conditions nnd rnvenanls of sa~d
note and ~{~is mo-Ipa~P, or pither, are not /ully performed, complied wilh and a6ided 6y, then !he entin
sum menlioned in said notP, and 11~is mor~gage, or tke enlire 6alance unpaid thereon, sl~all forlhwitb or
Iherpajte~. at fhe option oJ ~he morl~a~ee. 6ecome and 6e d~~ and poya6[e, anything in aaid nofe or herein
fo f~~p confrary notu~ifl~sfancling. f'ailure hy !{~e mortgagee to exe~rue any o~ the rig~ta or options ~erein
provic~~ s~a~~ nof consfiluf~ n u~ain~r oj any rig{~fs or options un~er saicr note or t~is morfgage acc-ued or
Iherna~ti•r ac'rniing.
~ ] ' {~,~,~
i; Dn ~~~~s ~IKL[~~~ I~~P sai~ morfgagor ~as hPrpunfo si~netl nn~ aea~e~ t{~ese pre3enls fhe
!i c~ay an~ y~ar (irsf aho~~p trriHpn.
~i
$ign~~l. seolpd and d~li~~~red in 11~e pr~srnce o~
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STATf. OF FLORIDA,
Cc~~'~TV c~F SAINT LUCIE .
i}{EREBY CERTIFY that on thes day, betore me, an
u(fi~~r dul~• authori7cd i~ the Stat~ aforcsaid and ~n the County afor~said to ukr acknowledgments, p~rsonally appeared
C. J. DEAKINS, JR. and RICHARD K. CARROLL
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tu ne~• known to ~ th~ ~•rson described in and who ~XffUlfd th~ for~Koinq instrument and
M~forc me that ttl@y ~xccuted the sam~.
,. _- N'1TNESS my hand and official sral in thr (:ounty and Statc last a(or~said this
' ,~.~..~t~,~~ • •
',~Cb1iUf`a~~Y A. D. 19 81
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~~ion Expires:
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~~OAIDA ,~,Y~~
~~CiY'~''~~instrument prepared by:
ROBERT J. GORMAN, Esquire
BRENNAN, McALILEY, HAYSKAR
& McALILEY
Post Office Box 3779
Fort Pierce, Florida 33454
(305) 461-2310
the~a~k~ka~~a
19th d~y ~r
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51'764~ ~/-ro -8J
1981 FE3 23 ~~~i ~ 39
f LCC RNC F~ 6Ur~'t .'
5~. WC~f COJN: r.~ i a.
flOGER POtiR;.S
CLEkK CfR~U1? C~ _=~
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6~349 P"GE ~.30
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