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and shall pe~form, comply witk and abide 6y each and ei~ery t~s agroente~la. ittpu~attona, condtfioni and
~orenanls the-eo~, and o~ this mortga9e, then thia mortgage nnd tl~~ estat~ hsrs6y c~snled, shall osas~, d~-
termine and 6e null nnd i~oid.
~!tis mo-fgagor hen+by jurfher covenants and agreea !o pay promptly when dw tl~~ prlnNpal and
i~fee~~! and ofl~er sums of money provi~ec~ ~o~ i~ sat~ noie and t~ls mortgage, or etlher; fo pay aQ aru!
si~gu~ar Ihe taxes, assessmenfs. ~euies, ~iabl~Ities, ob~igafions, and encumbr~wices o~ eve~r nature on snid pro-
pe-ty: to penr~if. commtt or suf(e~ no wasle. impairment or deterioration o~ aaid land or ths lmprovemenb
t1~ee~eon at any lime; to keep the buildings now or he-~w~ter on ~a~d bnd /ully insured i~t a sum o/ not less
than its full insurable value,
tn a rnmpany or companies acceptab~e to the mortgngee, !he po~icy o~ po~ictet to 6e held 6y. nnd ~xiya6l~
to, said mortgagee, and tn the even! a~y sum oj money 6ecomes rxi~,6l~ 6y virtue oj such iniura~ce the
mortgagee shnll I~nve the right lo receiue nnd opply lhe snme to the tnde6tedness here6y secured, nceounfing
to t~e mortgagor ~o~ any surplus; to pay a~~ cosfs, charges, and expenaes, inc~udtng ~awyer s~ees nnd ttf~e
~enrrhes, reasona6ly incu-red o~ paid 6y Ihe mortgagee 6ecawe o/ the /ailw+e o( fl~e morlgago~ to promptly
and lully comply with II~e agreements, sfipu~fions, concrifions and covenanfs of said note and this mortgape.
or either: to perform, eomply with and abide 6y each anc~ euery !he agreeme~ta, afipu~ationa, rnndilions and
covenanls set jorth in snid note and Ihis mortguge or either. -n the ee~ent fhe mortgagor ~ails to pay when
due any fax, asaessment, insurance p~emium or other sum oJ monep puya6le 6y virtue o~ :a~d. Ro~s nnd ~h~
mo-tgage, or eit{~er, the mortgagee may pay the same, wilhout wai~+tng o~ ajlecting 'the option to jorec~ose
or nny olher right I~ereunder, and aIl such payments sknll 6ear interest ~rom dnte lhereo/ at the highest law-
~ul rate ihen allowecl 6y tl~e la~us o/ the State o/ Florida. ~
7l any sum of money herein re%rrecr lo be not prompt~y paic~ wtthin thirty (30)~/ays neact a~ter
fF~e same beeomes due, or if eacF~ and euery the agreements, s~ipulafions, condilions and rn~enants o/ said
note and this morlgage, or eitl~er, are not ~ully perJormed, eomplied with ond a6~ded 6y, the~ the entire
sum mentioned in said note, and Il~is mortgage, or the entire 6nlance unpaid thereon, shnll jorthwith or
tl~ereaJter, at the option oJ Ihe mortgagee. 6ecome and be due and paynble, nnyt6ing in snid note or herein
to fhe conlrory nofwilhstanc~ing. Foilure by tl~e mortgagee to exer+cise nny o~ fhe rig~ts or options herein
provirled shall not consfifute a waii~er oJ any rig~ts or options under saic~ note or this mortgage accrued or
I~ereaJfer arcruing.
~n ~~~~s ~~Ol- Ihe said mori a or hw hereunto signed and sealed lhese eresents Ihe
clay and year /irsl a6ove u~riften. T~IS IS A BALL~O~ MORTGAGE THE F L PAYMENT OR THE
BALANCE DUE UPON MATURITY I 53,31 . TOGETHER WITH A(
INTEREST, IF AND ALL AN S MADE BY THE Mortg
Signed ea d ii~erpt~ in lFie presence o/: ~,TE OF S MORTGAGE.
/ ~ --,
---- ~---- ---- ---• -- + ----- -------~------ - --- ----------------- . . . ""'INC: K(JFTT~--SHAR~
TRUST, by MICHAE B. KANE, III, Trusb~
--~- - - ---~ ---------- ------ - -- --•--~---- ~--~-----•---- - •~----- ----......_....---------- -------..._.__..------•----...------...__.`T~
-- ---- - --- --•- ----~ -----~---- -- - -- -- --~ ... ........ .....--~-• -~---•- - -------- - --~ ---- ~----......------------• ----•-•------• ---•-••-----•--•--------•-~
.. .. ..... .. .._ ---- -- - ---_.. ---- --- - ----.._.._..-- • - - -- --- ..... ....------~- ----- - ~-----------
-~--- -- •-- -- • -- - - - ---~ ---~-•-----••--~
STATE OF FLORIDA, ~
cc~L Y'rv ~F SAINT LUCIE
I HEREBY CERTIFY that on thi~ day~ before me, aa
~ffi~rr duly authorized in thc Stat~ aforcsaid and in the County afor~said to tak~ acknowledgments~ penonally appearcd
SKAGGS ELECTRIC CO., INC., PROFIT SHARING TRUST, by MICHAEL B. KANE,
III, Trustee
to m~• known to tx thc person deuribcd in and who executed the for~goinq instrument and }le acknowkdaed
txfor~- mc that he ~a~cuted the same. ~e-:~_ •
_.- ~a:~r»;._-,.
N'1T1ESS my hand and oificial seal in thc County and Stati• last aforesaid thit~
_ ~
March A. D. 1981. .,. ,`J
My Commission Expires:
THIS INSTRUMENT PREPARED BY:
ROBERT J. GORPSAN, Esquire
BRENNAN, McALILEY, HAYSKAR ~ McALILEY
Post Office Box 3779
Fort Pierce, Florida 33454
(305) 461-2310
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