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aria s~~a~~ per~orm, c.~mp~y u~it~ a~c~ a~i~e by rn~h ~t~d ei~ery t~~ ag~eeme~ta, sfipu~atlons, co~tJifions ant~
corenants Ihrreof, and u( Ileia mort~ag~, 1{~ru lhi~ mort~upe and the a~late here6y c-pat~, ahull cease, de-
le-mine ancl 6e null and i~oid.
Iin~ Ihe morfga4~or tien+~•y ju~llier covenanfa onc~ u,qrees to pny prompl~y when :l~.e ~h~ p.~.~~~~al and
inferrst an~ of~~er sun~.s o~ mon~y provicle~I (or in saic~ nofp an~ Itiis morfgage, or elfher: to pay a~~ artd
singu~ar the fa.res, nsspssm~nfs, ~eries. ~ia~i~ilies, o6ligatior~s, nnd encum6mnces oj evetq nature o-i ~aid pro-
pe-fy: fo permil. rommi! or sulJer no u~asfc, impairmenl ur ~~efe-ioralion of saicj ~nnc~ o~ fhe impwapmenis
fhereon at any time: to RPPp ~{~N ~-ui~dinns noto or hNrnaff~r on said ~sind /ully ins~u~~ in a sum of not ~rss
~f~aR its insurable value
in a rompany or compnnies acc~plaf~~p fo I~~e morfflagee, ihe po~icy or po~icies b ~~ ti~~~ ~y, anc~ pc~yu~~e
tu, saic~ mvHgagee, anc~ in fhP e~~~nt any surr~ o~ monev 6ecomes paya6le hy virfue oj such tnaurance !hr
morlp~~pP shnll /iu~~~ ~l~e ri~l~t to rec~ine a-td apply the snme to ihe inde6ledness {~pre6y sr: u~ed, accounting
to the mriri!~nc~or ~or any surp~us; lo Aay a~~ cosls, charges, und expe.ises, inc~uden,q ~wyer~s fees anc~ lilte
searc~~~~s, rnasonably incurrr~~ or paid by thp morfgagee hecause o~ t~e (ai~ure oj the morlgagor tu pwmptly
an~I ~u~~y compiy wifti f~e no~~entc•t~ts, clipulalions, co-i~lilions an~ coUenants•o('saitl note and t{~is murtgaga,
or eif~er; fo per(urm, rom~jy a~ilh an~l a6ide 6y each ancl evpry II~e agreements, stipu~ations, conc~ilions and
covenanfs sel (ort{~ in sai~ nate ant~ tj~is morigugp or pither. ln Ihe ei~ent fhe mortgagor Jai~s to pay ur~en
due any tax, assessment, irtsuranrp pr~mium or ollie~ sum of money paya~,Ie Ly virlup o) said notr and Il~is
morfgage, or ~ifl~er, l{~~ mo-tqa~~P m~y ~y f~e same, wilho~d waivin~ or af(ecling the opfion to lorec~ose
or uny olhPr ric~ht 1~prn~uulPr, an~1 all such paympnls Shall 6Pa~ interesf from dafe thereo) a! Iho hig{~esf ~atv-
(ul mlP th~n allotoed 6~ IhP lau~s o( fhe $tate o~ Florida.
~1 an~ sum o~ muney ~~erPin re(prred lo E~e not prompt~y pai~ wil~in thirty days nexf n~fer
t~P sam~ f,e~om~s c~u~, or ij each an~I et~pry tl~e agrpemPnfs, slipu~alions. conc~ifions a~e~ COVRIIaAIS o~ saic~
nofe anc~ t{~is m.ortga~P, or ~itl~~r, are nol f ully per~ormet/, complied wifh anc~ a6td~1 6y, then f{~e enlire
sum m~ntioned in said not~, anc/ this morigage, or !he entire 6abnce unpaid Ihereon, shall /orthwith or
IhereaJfer, al f{~e oplion oj f{~~ morl~agee, hecomP and 6e crue and pnqab~e, anyftiing in snid note or ~ierein
fo f~~~ coMran notwilhsfan~liny. Failur~ ~,y t{~~ morfgagee to exercise any o~ ttie rig~fs or options I~erein
pro~~id~d s~~n~~ nol ~onstilut~ a toaii•~r o~ a-ry ri,ytifs or options un~pr sai~~ not~ or l~is mortgage accrue~ or
fl~. n•alle~r lICC/Ulfl(~.
~n ~itness ~hereof~ tlu~ soi~1 mort~nqor l~as hPreunfo sittned and s~ale~I these presenls fhe
~~aV wuI Y~~ur Jirsl a~~o~~~ lo~tlli•n:
Sign~~. i~o[P,~~ c~ [i~~~r ~ in 1~~~ pr~s~nc-v o~:
i
- _~ ~ -~ .. _ . . .'_~~ -
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As all four
\ 1
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~ . _. . - -._. .. _ . _ . . - - - -- ~
G RGE ~~ 1~LA
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CARI,--~C1~P~L I
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~ -- -
. . . . . . . -- . - [ -. tT,~Y' ~~" ..------- U -~ ~ -~ -~- - ~ - -- ~ - - ~
EDWARD C . ~n2dSON
S7':\7F. OF FL(-RID3,
~;(~~•~7~}• ~~F St. Lucie
~}{FREBY (:ERTIFV that on this day, be(or~ me, an i
~~ffi<<~r dul~• authuri~rd in thP Statr afo~rsaid and in th~ Count~• aforrsaid to tak~ a~knuwledqments, prrsonally appearrd ~
, '
George Capella, Carl Capella, Wayne Collier and Edward C. Johnson [
t~~ rn~• knnwn to I~r th~• ~HVwn g deurilxd in and who ~x~~utrd th~ forrqoinq instrum~nt and whp acknowledqed ~
I
VM'~Of~' iI1P that they ~xccutcd th~ sam~. :
N"I"T\ESS m}• hand and o(fi~ial xal in thr• County and Stat~• last aforcsaid this ~ Gj~ day of '
February, :~. n. i981. `
,
My commission expires: '~'`-:; ~~. .
~ u..~~NU~~~~~~::
- -- - -~-~------ --_:1„b' q ,~.....
/ ~ ~ - -- -- - ~ ~-~ -
~~ ~_. .
~ (~ ~ Notary P ic ~ t ' ~ ~
, ~~......~~ ~~~ ~~•,r
State of lorida ge ~sa 6-~
. : . . , -j , ~ ,,-~
518326
THIS INSTRUMENT PREPARED BY:
. John T. Brennan, Esquire
i Post Office Box 3779
~ Fort Pierce, Florida 33459
'~
1981 F~~~ 26 r; ~ 5?
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