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and al~~ll perjorm, comply with arul a6ld~ 6y sach and ewry th~ aArwm~nta, attpulatbna, oondltioni and
oo~manta tl~erw~. ar?a o~ f1~u martgape. Ihen tF~4 mortgage and the atote henby cm~ted, ~hnu ceass. c~-
ttrmtne and 6a null and void.
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~ the mortgapor herwby (cather covenant~ a~d aArees to pay ~mp~lr when dw ~hQ prt?~ci~! and i
tnten~si and othe~ a~una o~ money ~yidec~ jo~ in tald nota and t1~ia moNgnge, or eif~er; to par a~~ ancl
tthgu~ar t~e taxea, asaes:menb, leviei. Ila6ilitles. obUgattona, and ettcumbnanc~~ o~ euory natur~ on said pro-
peNy; to pennit, cornmit or iu~fer no wcule. i?npairment or ~eterioratlon nf .~d la?~d or the improvamenb
thereon at any ttme; to Irpep the 6uilding~ now o~ hetrajter on ~aid land /uUy insured in a aunt oj not le~a
~ Ilwn highest insurable value
!n a c~o?npany o~ compa~tet ac~ceptabje to the mortgagee. ike po~tcp o~ po~tciei eo 6e Retd 6y. ana pnyab~e
to. ~ald mortgagee, nncl in the enent any sum of money 6ecomea paya6le 6y virtue bf tuch iruuranc~ thf
n~c+~!n~gee eha~~ ~ave the right to receiue nr~d apply fha iame to tJse inde6tednesi f~ertby recw+ed. nc~ounting
to t~e morlgaAor jor any aurp~ua; to pay a~~ costs. charges, an~ experues. inc~uding jawyer s(eea and tlt~
searchea, reasonably inc~ured o~ patd 6y the mortgngee 6ecawe of !~e jailuro o~ the mortgagor to prompt~r
and ~ully comply with tfie agreemenie. attpujatto?u, oonafti~rj; and covenanfs o~ sntd note and t~ta nwrtgag~.
or either: to perfo?m, eomply wilh and abide 6r each and enery !he a9reemenb, atipubtiona, condttlons and .
covenants set ~orth tn sntd note and tltts mortgage or eitl~er. In tke event the nartgagor fails to par wF~sn
due any tax. aasea:ment, tnsurance premium or ofher sum o/ mon~? ~xiya6i~ 6r vi~tue oj satd note and thia -
mortgage, o~ eit~er. the mortgagee mny pay the acme. without waining or af
jecting the option to ~orecjwe
o~ any other rigl~f hereunder, and alI auch paymenti shaU 6ear tntere~t /rom dute thereo~ at tke 6igheit la~u- ;
{ul rate fhen a![o~ed by e?~e laws oJ the Stale oj Florida. ~
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any aum oj money herein re%ned to be not promptly pnfd wtthin thirty day, noxt alter
t~e sarne 6ecomes aue, or i( each and everq ihe agreements, atipu~aftons, condttiont and c~ovenanta o~ ~aid
~ note and tf~is mort9age, o~ etther, are not Jully perJormed, complted with and abtded 6y, then the entir+e
~ ~um r?tenttoned in satd note, and tl~ts mortgage, or t1~e enttre balarue unpatd t6er+eon, i1~all (oMhwttk or
thereaf
ter. at !he option o~ t1~e mortgagee, bec~ome and be due and payabGe, anytl~ing tn aaid nots or I~+tn .
to the contr+ary nuiwtthstandtng. Fui~ure 6y il~e mortgagee to exer+cfse any o~ !he rig~ts or opttoru htretn t
providec~ shall not rnnstifute a wniver of any rig~ts or options under said note or thia mortgage accrutd or
ther+eajter accruing. 'There shall be a;25.00 late charge penalty for any payment
received more than fifteen (15) days past the due date.
- Dn ~`LIL~ t/~e satd mortgagor has hereunto signed and sea[ec[ theae pre:ents the
c~ay an~ ye~r Jirot above writfen.
Signed, sealed deltvered ' II~e presence oJ: '
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• ' FE LOZANO ~
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§USAN LO
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STATE OF FLORIDA, ~ , -
COUNTY C)F MpRTIN
I HEREBY CERTIFY that on this day, before me, an
o(ficer duly authorized in the Stat~ a[oresaid and in the County aforesaid to tak~ acknowledgmenu, personally appeared
Fernando Lozano and Susan Lozano, his wife,
to me known to bt rthe persons described in and who eaecuted the fureqoinq instrument and they acknowledged
be[orc mo that they ~x~cuted the same.
WI"1i'VES~ my hand and of(icial seal. in the County and Statc last aforesaid this a~ day of
:
J' " !';,I: ~
~ ~:,Jan~~~ A. D. 19 $7.
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~ NOTAR IC, State of F ida
~ ' . ~ ~~~~~6~, Commission expires:
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. . ~ . : •87 FE~ 20 Pl2 ~26
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1/~u I~utniinf~r~ prepnr~d by: Shirley Schulz ea
A~~~f~ Universal Land Title, Inc. ~8~32 PA~G~~7 l v ,
2432 NE Myrtle St., Suite 2 ,
Jensen Beach, Florida 33457
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