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nnd shall per(orrn. comply wil1~ and abide by each ant~ e~~ery t1~e ngrt~msnts, alipulatlona, condittons and '
coi~enanls Ihpreo~. ~nd oJ tf~is mortgage. 1i~en this mwt~age and tl~e sstale keroby cTent~d, sl~all ceaas. d~-
lermine and be null and void.
nIL1~ ttie mortgagor {~en~by ~urftier covenanls ond agrees to pay prompfly when due !ke principal nnd ;
inferesf ancl ot{~er sunu o( money provi~ec~ Jo~ in aaid nole artc~ thts morfgnge, or eifke~; fo pay n~~ nnd
singulnr tl~e faxea. assessments, lrvies, lia6ilities, o6ltgntions, and encum6~+a~ces o) every nnlure on satd pro- '
perty: to permif, ~ommi! or suj~er no waNe, impairmenf or dete?io~+atton o~ ~atd b~d or the improua?mentt ±
fhP?eon a1 nny time; to ~eep tl~e 6uildings nou~ or hereu(ter on said land jully inaured in n suM o/ not les~ ~
~i~n~ the full insurable value ~
in a company o~ companies nc~cepta6le to Ihe mortgagee, the policp or policies to 6e held by, nnd paya6le 3
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to, saic~ mortgngee, ana in ihe euont any sum o~ money becomea ~yn6l~ 6y virtue oJ suc~ instunnce the
morlgagee s{~a~~ tiane the rtgtit to receive and npply tl~e snme to t1?e indebtednes~ here6y sscwed, aceounting ~
fo f{~e mortga~or (or any surpjus: to pay a~l costs, changes, and expenses, incluc~ing ~awyer~s fees anc~ Ntle ti
searchps. rPasonably incu?red or pnid 6y tl~e nwrt9a9ee 6ecouse o~ t~e ~at~ure o~ fhe mortgagor to prompt~y
nnc~ (u~~y comp~y will~ Ihe nA~eernenli, slipulnflona, eonditions and conenunts o~ snitl note nnc~ tltit mortgage.
or pif~er; to pPr(orm, comply wilh and a6ide 6y eoch and every ttie ag?eemenls, stipu~attons, conditions and
coi~enants set /orfh in satd note and ll~is mo?tgage or either. In fhe event the mortgago~ /ails to par wl~en
due any tax, nssessment, inswance premium or other suni oj money paya6le 6y virtue o~ said note and this
morfgage, or eil~er, ftie morfgogee may ~y ehe same, without waiving or n~~ecting !he option to ~orec~ose ~
or any othe~ ripl~t I~erpunder, and all such payments sl~nll bear interest jrom dote tl~ereo( nt the I~Ighest Inw- i
f uI rate f6en nllou~ed by ttie laws o/ the State o/ Florida. f
any sum o~ money ~erein rp(errec~ to be not prompl~y paid wittiin ten aoys next n~ler
Ihe same 6ecomps due, or iJ eacl~ nnd every fhe agreements, s~ipulations. condilions and covenanb o/ :aid
note and this mortgoge, or eitl~er, a?e not ~ully per(onned, complied wttl~ ~and abided 6q, tl~en the entire
sum mentioned in inid note, pnd tf~is mortguge, or fl~e entire 6alance unpaid tkee+~on, sl~au (orthwilk or
thereajter, at tf~e option oj ehe mortgagee. 6ecoene and 6e due and pnya6le, anyll~ing in said note or he~ein
- to t~e confrary notwitl~slnnding. Fni~ure by t~e morfgngee to ex~rfse nny of the ?ig~tt or options herein
pronided sha~~ not conatihite o waic~er of any rights or oplions w~de~ sa~d notp or f~is mortgage accn~ed or
t{~e~ea~fer accruin~.
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n fL[~L~ ~ t~e said morfqagor tias {~ereunto signed anc~ senlet~ tF~ese pr+esenfs ttie
day anrl renr (int aboue u?riften.
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1 Signecl, sealed and t~elirered in the presence of : „
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l~i_-.--.Ir~~ ~ ~~'I..~-------------~~--------._...---~ - ~
. ~ Andrew P. McDonnell
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; ! Gloria M. McDonnell
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STATE OF FLORIDA, ~
~ cou:vrv oF INDIAN RIVER
I HEREBY CERTIFY that on this day, betorc me. an
ot(icer duly authorized in e6e Stat~ aforesaid and in the County aforesaid to qke acknowkdgmenb~ penonally appeared
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~ ANDREW P. McDONNELL and GLORIA M. McDONNELL, his wife
~ to me known to 1x the person 5 described in and who executrd the (orcaoing imtrument and they acknowkdged
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~ before rne thst they ezecuted the same.
~ W[TNESS my hand and o(ficial real in the County and State last atorcsaid this 16th d~Y ~
~ November A. D. 19 83.
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M.143
~ .=c~~ ~~v'` ~ ~a. ~ Public, Sta ....of~Fl ida~-at~--~--~~---
~ No ary te
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• _ i" ' ; My Comnission expires: , ~ f
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~ Joan L. Morris, Vice President
~ "!'his hu~nmicn~ pnpind !ry: Comnercial Bank of Vero Beach ~
( ~~~~~r~.~~ Vero Beach, Florida 32960 A~~ ~ ;
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