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BOOK • ~~ PACE~~~
ST. LUCIE COUN?'~ ~ f L A.
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seiztd of the real property in fee simple and >~as a good right co sell and convey the same, that
the property and improvements are free from a l~encumbrances and chat the Nortgaaot and
Mortgagor's heirs, esecntors, adnuaistiistors gad assigns will faere:r defend the same-unto
Mortgagee and its sncceaaors and assigns against the claims of all persons whomsoever.
'this Nottgage is trade, however, subject to the following covenaets, condldoas and agreements:
1. Thar ldortaaaa agrees co .pay the principal of gad interest on the indebcldnesa evidenced
by the above e+entioned note, 'at the dsiea gad in the runner therein pprovided, the monies evidenced
by said note haviaa been wed by Mortgagor co purchasr all of a portion of the property covered
hereby.
2. So long as any of the Iedebcedness secured hereby shall remain unpaid, to whole of In p:n,
the Mortgagor agrees to keep the premises and the improvements thereon la Good coadltion sad-
repair, and to pay all a:es, asse~samencs gad all other charges, judgments of claims of whatever
nature chat may be imposed agsiast.or become lima upon the premises, or the tenements,
heraditaments or appnrtenaaces thetennto, the terra, issues -or profits chcrcfroai or the buildings
or improveeunts thereon, or say pact thereof, got to permit asp snch lien (whether o~ ~taU lags
snpecior hereto) co accnre sad rrmate thereon or oa any part thereof, and co comply
and ordinances now or hereafter ie effect, and all rules, reaulacions, requitemeats gad orders of
all aovetames~al anthocldes oc ageecies now or heceaker sEfecclea said premises or the Ridewalbs
adjacent thereto or gay bnildiags, stcnecurca, fi:cares, egnipmeot gad improvements thereon or~the
nae or occnpaacy thereof. Moetga~or agrees to indemnify ad bold Mortgagee fiaaaciaUy harmless
toles, regnlsdoas, tegnlremeats
troy the coos nences of aey yIo doo of snch laws, ocdlaieces,
or ordero, aad~ M e c~oeda ~ oa said premises or s~aywnse totbeereade ~ereoE cartraty toardia~y •
bnsiaess or trade to lament or order.
snch law, erdleancc, rnk, regn4tioa, regn .
a a as Mortgagee
a. Motcgeaot ttUl caidenowly maieaia hazard iesnraace of snch type tlipc
gay tree tlme'te dcae_req~ttre ie oeomcs egnai co the tall inamnble vwlue cheret-E oa the lerptove-
ments cow oP hereafter oe the pteoises, sad wUi pay pr+oisptly when tine gay ptdminms therefor.
All insurance shall be carried in companies satisfactory to the Mortgagee aed the policies and
renewals thereof shall be held by Morgagee (or persons anchorized by Mortgagee, co hold the same),
asd shall 6a~e aasched thereto loss payable or mortgagee tiara=s la fsvor of s6d in form ac-
ceptable to Mort saee. The poltctes shall provide agaiasc cermiaacion or cutceltatton for any
16 •ail Street,
reason wlthont ve days' prig eodce co goctgagee, co Bankers ?rwt Company,
New York S, New York addressed to the attention of the Corporate and Pension Olvlsioa and co
Phillips, addressed is race of Its Sales Depaccmeoc, Bartlesville, Oklahooa• in the evesc of loss,
Mortgagor will aloe Immediate eottce by mall to Mortgagee, who may s-akwecpecoo~ Islheaby nc6
proof Is not promptly made by Mortgagor, gad each iasncs<tce compaey
ant6orised and directed co make payraeat for snch loss ~~dy to Mortgagee ieatead of co the
Mortgaa« and Mortgagee jointly, and ehe.lasuraace proceeds, or gay part d,esot, day be applied
by ~ Mortgagee at its option etcher to the rednectoe of the Ltdebcedaess herebli secnted or co the
of die damaged, Ic beieg nsdersteod dlat Moecaaae! shall ercercise
restoration or cepatr prop~y
snch option in accordance with the wishes of Phillips. la the event of foreclosure of this Mortgage
or other transfer of title co the isoct aged propeecy is Ueu of foreclosnce, all tight, ctde and
interest of the ltottgagor is gad co cse iosntaace poUelea chew ID force shall pats to the parchaser
or graaces. Notwitbatuding any other Pr'ovislon of this Mortgage, It L nedentood drat Mortgagee
shall delegate co PhilUps any riche granted co Mortgagee by this pananph 3. wl~h respect to
a nitro ceccala type or types of tasYraaee o~ be maiacatoed, determining the cotapsnles In which
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