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and ahall perjorm, ro~~nty ioith nnd ~btde by pa~h and enery the agreemenfi, :tipulatioris, condtfions and
co~~enanfs Ihereu~, and o! t{~is mort~a~e. lhen this mortgage and the estate hereby createcl, sholl ceaee, de-
~ termine a~id be null and aoi~l.
~Ind f~~r moric;a~~or ~~erehy ~urthe~ co~~e?~artts an~ agrees to pay promplly when cjue f~e pri?tcipa~ an~
interesi am~ ot{ie~ sums o~ money proui~Iec{ ~or in saia note nnd fhts mortgage, or ellher, to pay a~~ and
sinputar t~~e /l1.rPS, ass~ssme~~ls, ~evtes, ~ia~~i~ities, o6~i~alians, nnc{ encum6rancea of every natttre on saicl pro-
perly; to permit, commit or suJfer rio wasie, impairment or c(eterioration oJ said lanJ or the imp?ovementa
fherrcn at any lim~: lo ~~~p I?ie buildin~s nou~ or h~rna~t~r on said land Jully inaured in n sum oJ not less
fhan ~
in a company or companies ncceptn~le fo f~~e morf~a~ee, the po~icy or po~icies fo ~e Fie~~ E~y, anc~ payab~e
to, sai~ mor~gaqee, an~ in f{~e event nny sum oJ mo?i~y becomes paya6le ~y virtue o~ such insurunce Ihe
morlgag~e stia~~ ~iave tEip riflEit io rnc~i~~e anc~ apply !he same fo the indebledness hereby secured, nccounfing
!o t~?e mortgagor ~or any surp~us: to pay n~~ costs, <•I~arges, anc~ expensPS, inc~u~ing lawyer~s fees an~ til~e
searches, reasonn~~~y incurrec~ or na~d 6y ii~~ mo~t~a~~e ~ecause o~ t~e f
ni~ure o, the morfgagor to promptly
and Ju~~~ comply uyitl~ 1he agreements, stipu~otions, conc~ifions ane~ covenanfs of saic{ note nn~ t{~ts mortgage,
or eit~~er: ~o perjorm, comply wit1~ and abide dy eacfi anc~ e.very tfi~ aflreemenfs, sfipu~alions, conc{itions and
covenanls set jortfi in sai~~ nofe ancl t~is mort~age or either. ~n t{ie event the morlgagor ~ai~s to puy when
due a~iy tax, assessment, insurance premium or otF~er sum oJ money payah~e by virtue o~ saitl nole and this
morlgage, or eit~~er, f~ie ntorl~a~ee may pay i{~e sam~, wit{~out waiuing or a~Jecting the opfion to ~oreclose
or any other ri~ht {~ereuncler, nncl alI such paymenfs shal! bear interest ~rom date thereoJ at t{ee highesi Iaw-
~ul rnte then allotved 6y tlie lou~s oJ the State oJ Flori~a.
_ ~L arry sum oj mon~y ~~erein re(erre~ to f~e riot prompl~y paic~ u~ithin ~jP`j'Y ~ays next af ter
t1~e snmP becomos due, or i) each and erery t{~e ayreements. slipulafions, condilions and couenants o~ saicl
note and this mortgaqe, or ailher, are not )u~~y performed, complied wilh anc~ a6~ded 6y, then !he enlire
sum mentioned in snid note, and t{~is mortpage, or Ihe entire balance unpaic~ thereon, shall jorfhu~ith or
therea(ter, nt th~ option o/ the mort~agee. 6ecome and 6e c~ue and payable, anything in said note or herein
: to the contrary nottuit{~stanc~ing. Failure by ihe mortgagee to exercise any o~ the rights or options herein
pronic~~c~ shall not conslitt~tP a u~aii~~r o( any ~i,qhts or options unc(Pr sai~ note or t~is mortgage acerued or
!{~erea(!~r nccruing.
~ ~IL ~itness ~hereof~ ~~IP SQ(cI mortc~n,qor rt(!5 hereunlo signe~{ tlf1~ se~Iec~ IF~ese presents t~B
~ap ant~ y~ar ~irs! ~~,ov~ u~ritt~r~.
SIgRP ; PQ~P~ qfl~ ~P~tl~AIPQ 1?1 ~~1(' ~IPSF?Ifp O~: rtlJ~y .71 . LiJ1,i~ r, 1/L',V1:1Jl1~! tCiYl WL~tVi~t111V1`I
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STATE OF ~ ='~C ~ D ~ ~
COU\TY OF ? ,S 7 ~u c- s ~
I NEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to tak~ acknowledgments, personally appeared
ELYA KIEVSKY, PRESIDENT QF PORT ST, IUCIE DEVELOPMENT CORPORATIQN
to me• known to he the person described in and wfio eaecuted tfie foregoinq instrument and ~~p acknowledged
beforc me that ~Q ex~cuted the same.
~\'IT\ESS my hand and official seal in thc County and Stati• last a(oresaid this TJy day of
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Decen~ber .;,A. v. t9 86. ,
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~ ---?~IY OONMISSION EXPIRES ~ '
eor~ar rveire srarr ~ ~?_~d a~
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PREPA "s ~..~~yy =
CNELSfA TITLE G~' ' fLORIDA "`'~~'~1CN
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