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and stia~~ per~o-m, comply wifk and a61ds 6y eacl~ and erery fl~s agreQme~la. ~flpu~nfton~, condiltona ond
co~~enant~ the-eo~. und oj tRis mortgaAe, tl~en this ~nort9age and tl~~ ~~lats hereby creat~d, ihall ceas~, d~-
Iprmtne and 6e nul! and aotd.
~ ftie marfgapor tienrby (tuftier couenantt anc~ agrees !o pay prompfly wl~en due 11~• prtnctpal and
infe-ws! and ottier sums o~ money provldec~ (or in iaic~ nofe and th1~ mortgage, o~ etftier: to par a~~ a~d
sinpu~nr ttie taxes, nssessrnenfs, ~evies, Ita6ilitiet, obl~gaUons, and encumbrancet o~ every nalure on iaid pro-
pe-fy: to penr~if, co-nmi! or suf jer no wasfe, lmpairment or defe-to-afion o~ sat~ ~and or fhe imp-ovemenb
fhereon af any lime: to keep !he 6uildtnes now or he-pa~ler on ~aid land ~ully insure~I tn a sun~ oj no! leas
~tiQ~ its full insurable value
in n company or compantes accepta6le to the mo~tgapee, the policp o~ pollcies l0 6e I~eld 6y, and paya6le
fo, sai~ mortgnyee, and in ftie event uny ~unt o~ money hecomea ~ya6t~ 6y virtue of such iniura~ce I~e
mortgagee sl~oll have fhe -ight to recetoe and npply f1~e iame to Il~e inde6tedness here6y secured, aceounting
fo f{~p morfgagor ~or anv su-p~us: to pny a~~ rnsli, ckarges, and expenae~, tnc~tu~Jng ~awyers jeei antr Itf~t
searrl~~s, r~sonahly inc~ure~~ or paic~ ~y f~e morfgagPe because oj ftie ~ai~ure o~ f{~e morfgagor to prompl~r
anc~ ~ully comply u~il~ t~~e ayreernents, slipu~afions, concritions and covenanfs o~ said nole ancr Itiit murtgage.
o~ Pill~er: to per~orm, ~•omply with ancl a6ide 6y each nnd ~very the apreements, slipu~ations, condilions and
ronenanfs set Jor1h in said note and fl~is mortgage o~ either. In 1{~e euent the mo-tgagor )ail~ !o pay u~hen
due any lax, assessmnnl. insurance premium or other tum oj moriey payo6~e by virtue o~ said nofe and t1~is
morfgnge, or eifher, ttie morfgagee may pay ttie same, withoul waiving or a~jecting ftie oplion to ~o-er~osp
ur any olher rigl~t I~vreunrlpr, an~ all stul~ puyments shall 6ear interest (rom dafe tl~ereoJ al Ikp I~ighest 1au~-
(ul rale !{~en nllou~e~ by fhe lau~s oj Ihe StatP o~ Florida.
Dl nny sum o~ monvy herein re(errec~ fo he nof prompf~y paid wittiin 30 ~ayt next a~ler
fh~ same b~~om~s due, or i~ eacti nncj every ftie agreemenfs, stipulations. conclition~ an~ couenanta oJ said
nole and lhis mortgage. or eill~er, are not ~ully per/ormecl. complied u~ifl~ ~and o6~d~1 by, f6en t6e enlire
sum menfioned in said note, antl this mortgage, or tl~ e enlire ba~u-tcQ unpnid therPOn, sl~all ~orfhwith or
t{~erea~tpr, nt tl~~ option oJ fhP morfgagee. 6ec~ome and 6e dup ontl pnya6le, anytl~ing in saitl note or l~erein
to t~e conirary nolwiltisfanding. Fai~ure ~y t~-e morfgagee fo exer+cise any o( !tie righta or opllon~ ~erein
prori~ee~ s{~a~~ not consfih~fe a u~aiver nJ any rig~f.t or oplions unc~er sai~.notp or f~i= morlgage accnie~ or
1{~~rea~t~r ac~ruinA.
Dn ~~lilL,s ~~~~1~ ftie soid morf,qagor ~ea: tiereunto signet~ anc~ sPnle~ t{~ese presenls 1tiv -
t~ay an~ year ~irst a~-o~~e wriften. . ~
Signed. sealed and dplinered in ll~e presence o~: ~ ,
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Catherine R. Ferranti, his wife
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STATE OF FLORIDA,
COUNTY nF ~1 ~~L~~~ ~ HEkE1fY f;EkTIFY tnae on this dar, oeiore mc, ~~~
of(icer duty authorized in the Stat~ aforesaid and in the County a(oresaid to tak~ a~knorrkdqm~ob, penonally appeared
James V. Ferranti and Catherine R. Ferranti, his wife,
to mc known to br the pcrwr~ describ~d in and who executed the (orcqoing instrument and Wh0 ack~wakd4ed
before me that they ~x«~«a the same.
N ITNfF.SS my hand and o(ficial seal io the County and Sut~ last afor~said ~his 'y*~ dar o~
March, A. D. 19 81 . .,ir-- -' ,
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Notary Public _ ;'-"'~ :~~'•.'rr
My commission expire~~: "1~-~.~$ ~3 : `
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~ ~~~~s ~~~~~~~~~~,~~~ n, n~ 1~ R. N. Koblegard, III, Esq. ~
p p" y~ P. o. . BoX iooo
~t,/~/n-.c~ Ft. Pierce, FL 33454 ~~X~ n ~rU
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