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and shall per~orm, comply with and a6ide 6y ~ach and e~~~ry t~P ngreemenls, stipu~ations, conditions and
co~~enants Ihereo(. ~nd a( Il~is mortgage. t1~en Ihis mortgage anc~ Il~e estafe {-ere6y c-eatecl, sha~~ cease, de-
I~rmine a~i~ he ntt~~ an~ i~oi~~.
n~~ IhP mortc~a~or hemhy (urfhpr cauNnants an~ agrees fo pay prompl~y u~{-en ~ue ihe principn~ and
interpst and a~h~v sums o/ money pronided Jor in snicl note and lhis morlgage, or eitl~er; fo pay a~~ and
sin~ulnr fhe tnxes, assessmrnts, lei~ies, liabilities, o6ligations, aR~ PI1fUT6~A-ICBS OJ every naiure on said pro-
perty; to permit, commif or su((er no u~asfe, impairmenl or c~eteriorafion oJ sai~I Iund or ltie improvemenfs
thpreon al any fime; to kPpP ~hp buildin~s now or herPn~t~r on said land jully insured in a sum of not less
thnn ~ORTY TkiOUSAND THREE HUNDRED EIGHTY ONE DOLLARS ---20/100----------------
in a company or companies accepia6le to fhe mortgagee. the po~icy or po~iciea !0 6e held by, and paya6le
to, sai~ mortgage~. an~ in !tie event any sum o( money ~ecomes Poyabt~ by uirtue o~ such insu~ance t~e
morfg~gPp shal~ hane 1he right to receive and apply the same to tl~e indebtedness {~ereby secured, accounting
fo ftie morlgac~or (or any surplus: fo pay a~~ cosfs, charges, and expenses, i~cluding ~awyers ~ees ond tttle
searchrs. rPason~hlp inc~~ne~ or paic~ hy f~e mortgagee hecause oJ t~e ~at~ure of the morfgagor fo prompt~y
an~ ~u~ly comp~y u~il~ fhP apreements, stipu~afions, conc~itions nnd covenanfs oJ said nofe anc~ l~is mortgage,
or eith~~r: to perlorm. ~omply u~ith and abide by eacl~ Rnc~ every I~ie agreements, stipu~nlions, condiliont and
roi~enanis set ~orlh in said note and this mortgage or cilFer. In ihe evenf the morlgagor fails to pay when
due any ta.r, assassmpnt, insurance premium or ol{~er sum a~ money pnya6l~ by virtue oj snid note an~ fhis
morfgagp. or eilher, t~e morfyagee may pay f{~e snme, u:~t{~out u~aiuing or a~jecfing the option fo ~orec~ose
or any other right {~erAU~~der. and all such p~yments shall bear interest (rom dnte thereo( at the I~ig{~est lau~-
(u~ rate t~mn a~~owe~~ hy ftie ~aws o~ f~e State o~ ~'~oria...
~l ~ny sum o( mm~ey tierein re(prre~ to ~e no! prompt~y paic~ u-ithin ~ays next a~ter
fhP samN herom~s ~ue, or ij each an~ ei~ery the agreemenfs, slipu~etions. cone~itions anc~ covenanfs of said
nol~ an~ 1{~is mortga,yp. or either, are -iot (ully performe~. comp~iec~ u~ith ~anc~ nhicle~ by, f{-en !~e entire
sum mentiorietl in saic~ note, and t{tis mortgape, or tl~e enlire balnnce unpaid thereon. sf~all forlltu~itft or
f~ereajler, at Iti~ option o~ ttie mortgag~e. E~ecomp an~ be ~~ie und ~ya6[~, anyf{~ing in sai~ nole or ~erein
fo t{~e ~onfrary nolu~it{~slanc~ing. t ni~ure ti,v !hp mo-tgagee t~ exercise any oJ t{~p rights o~ oplior4t herein
prori~~wf sha~l nol constifufe a u~aivpr oJ nny riptits or opfions un~er saie~ nofp or ftiis mwlgage accruec~ or
Ih~rea(I~r ~~~ruinp. -
~n ~itness ~hereof~ the said mo-tgagor hns ~~prPt~nfo sigried and sealed t{~ese presenls 1he
c~nv r.n~~ y~~ar ~irst ahore u~rittPn.
Sl9RP~. SPfI~P(~ QII~ ~P~11'P/P(I Ifl ~~P pfPSP-ICP Oj= .
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nn B. lone
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STATE OF FLOR1DA, ~
cot~tirv c~F St . Luci e
I HEREBY C;ERTIFY that on this day, betore me, an
officer dul~ authoriz~d in the Stat~ afor~said and in the County aforesaid to tak~ arknowledqm~nts, p~nonally appeared
James E. Malone and ~nn B. Malone, his wife,
to m~• known to br the persoiS drur:}xd in and who ~a~cuted th~ (or~qoinq instrumrnt ~nd tne.Y acknowledged
beforr me that ~x~cuted the sam~.
lti'l1~:~ESS my hand and official s~al in the County and Stat~• last aforesaid this -" , ~Y ~
! r ~ A. D. 19 ''
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1991 I!?.:'. 23 ~~~ .~ ;2
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"J%r~~ Jus/n~~~u-~!/ prepvii~I l~y: Vergie Mandel
;~,/~/rr_s~ Southeast First National Bank ofFort Pierce
p,0. Box 970, Fort Pierce, Florida 33454
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