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. an~l s{~a~~ per~orm. romp~y wil~~ an~~ ~hic{e ~y eac~~ anc~ every the aflreemenfs. aftpu~atioris, conc~ittons nnc~
coi~enants ~hc~reo(, and oj this mortga~~, 1{~en f{iis mort~nfle and the eatnte here6y crpc~fe~d, shall ceaso, de-
te~mine an~~ ~~e n~i~~ ancl ~~oic~. -
lZn~ f~~~ morlganar {~en~by ~url~er covenanls anc~ ag~eet !o pay promptly tuhen cl~ee the priric.ipal nnd
interes! anc~ of~~~r st~ms o~ money provic~ect (or tn satc~ nole nnd tht~ mortpage, or elther; lo pny a~~ nncl
sin{~ular 1'~~~ faxes, assessmenls, ~evtes, ~i~~~~l~iltes, ob~ipattons, an~ encum~rancc!s o~ every nalure on said pro- ~
perty: to permif, contmil or su~~er ~io iuasle, impairn~ent or c~elerioratton oj satc~ ~anc~ or the improvementa
i~i~rcen A1 ~flri)* t(m~; to ~eep the f~ull~ln~s nou? or heraajf~r on satc~ ~arit~ ~u~~y inscuec{ in a sum of not ~esa
iha?~-------------- fl.tllinsurabl.evalue--__-_ ;
in a c•ompnny o~ compnnies accepla6le b!he mortpa~ee, the policy or ~policFes l0 6e h~ld 6y, anc~ paya6le
fo, snic~ morfgagec~, anc~ in t{~e even! any sum oj ntonay becomes payab~e ~y ~~irtue of auch tnsurance !he
/i107~f~AlJPP shnll Iiat7e tl~e rifllit !o recei~e arid apply Ihe same to fhe inde6tedriess hereby secured, accounling
to f~~~ mort~~.cior ~Qr any surp~us; fo pny a~~ costs, c{iarges, and expenses, ine~uc~ing ~awyer's ~ees and tit~e
- searches, r~~sonably incurrecl or paic~ by the mortga~ee 6ecause o~ the ~ai~ure o~ the mortgaflor to promptly
anc~ fu~~y ~omply u~iih tl~e aflreements, stipu~alio'?es, conc~itions~anc~ covenants o( said note and tliis mortgage.
_ or eit{eer; to p~~jarni, comp~y u~etli nncl a6ide E~y ~nch anc~ eDery ihe agreements, stipu~ations, conc~ilQons anc~
conen~nis spt jort~i i:~ snid note and lhis mortgage or either. /n the event the mortgngor ~ai~s to pay when
~ dur. any tn.r, nssessmerit, insurnn~e premium or ot~er sum o~ money paynbie ~y uirtue o~ saic~ nofe and !{~is
mortnn~e, ur ~if~ier, t~~e morfgngec~ may pay the same, u~ithout u~aivinp or a(~ectin~ t~e option !o ~orec~ose
, or nny other ~i~~1~t here~utcl~r, nrid a~l such payments shall 6ear interesl ~rom date ihereof nt ihe h~9hest ~
~u~ rnle Il~~n a~~otue~l ~~y tjie ~auis oj tlie State of Florida. ~ _ _
Dl any sum oj money herein re(errec~ !o be not prompf~y paic~ within - lp dnys next a1fer
1?~e samr bc~comes duc~, or~iJ earh and ei~ery Il~e ac~reements, stipulations. conditions and covena~its of snid
_ note and this mor?c~~c~e, or eithe~, are not ~ully perJormed, complied witli a?id ab~ded by, then ihe entire
- stim mentionecl.in said not~, nnd lhis morlgage, or the entire ba~nnce unpnid thereon; shall ~ortf~wilh or
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thereny~ter, at the oplion o( l1~e rriortgaflee, Gecome and 6e due and paya6le, anyihing in said note or herein .
to fhe contrary notti~ithslanclin~. Failure by Ihe mortc~agee to exercise any of the rigf~is or options herein -
provi~ec~ sha~~ nof ~onstilutc~ n u~aiv~r oJ any ~ig~fs or options uncler saic{ nofe or ttiis mortgage aceruec~ or -
. t~eren~ter accruinc~.
~n ~itness ~hereof~ t{ie saic~ morlgagor {~as {?ereunto sic~nec{ anc~ sea~ec~ fhese presents-t~e
c~ay anc~ year ~irst af~ove u~ritlen. -
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Sigrtec~. a~ec~tnnc~ c~e~i„erecl in ~e presen
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~~~7ILLIAM R. SE ,
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f. . _ STATE OF FLt7RiDA, ~
- COUNTY OF ~ ` '
' S`I'. LUCIE t HEREBY CERTIFY that on this day, before me;-~n ~
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of(icer duly authorized in the State aforesaid and in the County aforesaid to ~ake acknowledgments, penonally appeared ~
~ :~]ILLIAi•~ R. SELPH, JR, and TERRIE HAYES SELPH, his ~~life•.:
J ~ ' t~ ~ t ' : ' :
_ C . ,'',~~~~~t~.3:i~_t :
to mc known to be the person " described in ar.d who executed the foregoing instrument and th~~'.~k~tqyvlet~g~d j: ~
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before me that yexccuted the sam~_ _ tr , r'.' i
!~'I7'tiESS my hand and of(icia! seal in the County and State last a(oresaid this ?3~' .~G* cia~r,_~f~ i _ ~
- J' ' Cy v ~ ~ j
May n. ~s 75 • ` • -:~?~l~=:'., -
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- - . ~ Notary Publi S te of Hori{~ -
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~ MY Comr~isii~n Er.~lr2s 1:'~;y 3i, i975
_ _ - lond~+1 lY Afer:ran l:ri Ce~c:':r ~s.
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FIIEC :.~,s r.F~i+h~ED _ ~i1~7•719
• $t.lU~.:E ~~HTY FLA.
P.UG-~ . -:'''p$ ~ _
CtE?'. COURT . .
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- ~ r 27 as PH'z~ - 8~ox239 PAGE2853
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