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po~icy or po:icies said M~RTGAGEE sha~l have the option to reosivs ar~d apply tne sa~ne on account ot thp ir~deocedr~:ss secwsa herebr ~ n•
oermit said MORTW1r'~ORS ta receiv~e and use it or any part thereaf far ott~ purposes Mnrluut me*ea? vw~r+rs8 or ~e*+PauY+t ~f? ~K.
i~e.~ w ri~ht under a by v~rtw of this Mortga8e: and in the event sai~ MORTGAGORS shall 4or sny reas~o~ fail ro ke+zp ti+e sai~d p~e+~s+es
s~ ~nsured. or fail to delivar pcomptty any of ssid poticies of i~ance to said MOdtTGACEE, w tail promptip to piy h,eiiy aary preinwxn t}.~eior~
or in any ~espett fail to perfam. distharge, execute, effect. ton~plete, tompiy with and ab+de by this oo~nt. any part hereof. sa;d h10RT
GAGEE may ptace and pay for wch inwrance or any p~rt tf~ereof witnoui waiving cr affecte?B ~nY optia+, lien. e~K, ar ri~rt ur+der or by
.,~nx of this Mart6a8e. 2I1d fF1E ~1JI) if1101X11 O~ CiC}I ~f1d iVlYyl SNCF1 piyRk~1L SMiI~ bQ 1I1YffCd:sttly ~~C i~1d pi)~1Q lnj s~ll barr ~nt~*est
~rcm the date thereof until paid at the nte ot six and j~teMns per cent pet arrwtn a~d to~et:,zt w~th such interest si~at! b~ sepired b~ tne
~ en of ti~is mortgag~. D1I1@
4. To permit, cortunit cr wffer ~o waste. impaim~+t or dzieriorari~ of said p~ape.-fy or a»y p~rt t!~errci.
{t is F~ereby spec~fitally agreed that any wm or s~xr?s whith may be 'oaned or aa.::.r~d by the Alortgagee w the A~1o~cs,~a? at ~
~.~,e after ti~ recording of this inde~ture, together with interest the~on at the rate agreed upon at tF+e time o~ w~: loan or a~vanc~ shaq be
e>ua~y secured v?iM arxl have the same priority as the originat indebte~drtiess, and be s~~ett w ati tt+e terms and peovisior+s of t~is er~ortg,a~
Frovided. tFvt the aggrega~e ama~nt of p.incipa! outsland;ng sf sny time shall not exceed an arnetr?t egaal to ane Fxadred and f;ftp per oa,t
i' S0~) of the prinCipal amount originally Setured hereby.
6. To pay alI a~d singuta~ the costs, charges ard expaues, inck~ding a reaso~ab(e sttome~r's fee and 2ae~ af abatract of r.t4 in-
curred or paid at any time by said MORTGAGEE beca~ae or in ihe event of the faiture on tne Rarr of t~e sa;~ 1~~,`FtTGAC',~2 :a dut~r, prc~nptiy
=r„i ~,liy prrform, discharge. rac_cute. e4fect. c'ort+PkK, oort+P~Y wiM ard abide by eath and every the stipulatians, agrear~?ts. oandtions
and covenants of said promissary note and this martgage any or either. and said costs. ch.irges and e~s, eact+ ard ererY. shsil De
~^~m~ia;ely due and payebte; wF~et!~r or rot t~ere be notice, dcmand, atternpt to coi;ett w su and the fult amo~r~t of aach rd
e:ery such payment shall boar interest from the date thereof until paid at the rate of six and~[~per oenturn per anrxan- ard s1! sa:d
cosrs. c.harges and ezpenses s~ incurred or paid. together with wcl~ ~nterest, shall be secwed by th~ lien of this rnext~a~a. •
7. That W in the event of any broach of this Mortgage or defauft on the part of the MORTGIIC',OR, er (b) in the e.ent any oF sa;d
sums ot ma~cy hercim rcferrcd to be not prampRly ard fully paid witfiin thirty (30) ciays next aher the sarne severatly beoane due and payadie,
.+•ithout dema~d or ~otice, or (cJ in the event each and every M+e stiDulations. ar8ee+~?ts. c~tioru ard eoverw~es of said prornis9exr rr~
and this rtwrtBa6e anY ot eiM~et are ~wt duly. P«Pt~Y x+d ~++~~Y' P~d. ~scharSed. exewted. effected. oomplered canptied w~d+ ~+d
abided by. then in eitt~ or nny wch eve~t. the said a te sum mentia~ed in said
accn,ed, and all mor~eys srcured hereby. shall beoorne due~~ +d payaWe iorthwith, or t~ t the ~
opcion of said MOitTGA~t',EE. as fullfr
a~d completdy as if sll of the said wrns of ma~ey were originally stipulated to be paid on wch day. anything in s~:d p~mi~w~ ewl~e a N ;
~~[s Mortgsge to the contrary rat witlutanding; and thereupon or there,after at tfie option of said MqtTCiIC,EE, vritlwut notice or de~nud,
suit at taw or i~ equitY. may be prosetuted as if a!1 maurs setured hereby h~d matured prior to its i~tifutiaR +
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8. That in the . event that at tFre begiming of or at arty tirne pend~ng any suit upon this i~Aortgage, or to fareclose it. or to ref«~s ~
~t, or w enforoe payment of any claims he~nder, said MORTGAGEE shall apply to the Caurt having jurisdittion tl•.ereof for the ap~pointment
of a Receiver, such Court st~all forthwith appoi~t a Reoeiv~er. of said mortgaged property atl and singuiar, ir~ciu3sig aq ard sir~v~ar Me ~
;nc~rr~e, profits. iswes and revenues from whatever source derived. .ead+ arxf every of which, it be+n8 e~resslY ~++derstood, is t~ereb~r mor~ i
gaged as if specificalfy set fwth ard described in tF~e granting arxi habeodum clauses Fiereof. and such Reoeiver shatt hare aR tf+e Droad snd {
e'fective f~u+ttio~s and powers in anywise entrusted by a C.auri to a Receiver, and s~xh appointment shaft be rtade by wch Court as an :
admitted equity ard a matter of absolute right to said MORTGJIGEE, and without reference to the adepuacy or inadeq~aicy o# ti,e ~atue ~ thr
P~~Y mortgaged or to the solverx.y or insolvcncy of said MORTGAGOR or the dehndants, and t'rsat w~d~ rents. profits, incarKS~ ~
and revenues shal! be applied by wch Receiver aocording to tha lien or equiry oi said MOf2TCJ1C,EE ard the practi~- ~f wch Court_
9. To dufy. Pro~+P~~Y and fully Perfonn. d~scharge, execute. effecr. compkte compy with and abeae by each and e+ery ttr stipu-
i=t~orts. a8reert~e~ts, ~onditians aod co~renaMs in said p~wnissory note and in ttus mortga~e set forth
10. That in the event the ownership of the mottg,aged prernises. or any par! thereof, beccr~s vested in a person atf+er tfi~v+ tne
`,'ORTGAGOR, the MORTGAGEE, its wocessors ard assigns, may, wi~?~ou~ notice to ihe MQRTGAC.OR, dea! with such wocessor er a~o~soa
~n interest with reference to this mortgage and the debt he~eby secured in the same manner as with Mo~tgagor vrit}~out in any nay viriatic~
~r ~sehargi~ the Mortgagcx's 1'wbility hereur~der or upon the debt hereby secured No sa(e of the
Pre*ni~s herebY rtw~g~ed and no fo~e-
F~arance o~ the Rart of the MORTGAGFE or its successors w usi~s end no extension of tix time for tF+e payrnent of Me debt her~eby seaxed
g~ven by the MORTC,/~(',EE or its suctessors or assigns, shall operate to release. discharge. rrqd'ify. et~arsge or effcct the orig~nal tiabiiity of
the MORTGACAR herein. either in whole or in part.
1 i. It is specifiplly agreed that time is of the esser~oe of this oontract and that ra wairer or any obligat;on hereundar or of ttee
ct~l~gatioo setured t~ercby shdl at sny tinK tF+e~ahar be held to be a waiver of tF+e tern~s herwf or of the +nstns~+t scn+red heroby.
IN WITNES$ WHEREOF. the said MORTGACAR hu herew~to set hit Fwd and se~l the day ~nd year first storesaid.
Signed. Sealed and delivered in preser~oe of:
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' _ ~ L~~_~._y . ~.I-~?~JW
ST/1TE OF FWRID/l } ~
St. Lucie j ~
AUGUSTUS C. ~CKSON ~
~fore me vKSOna~b ~pearoa J
--~ULLA G: 1ACKSON - r,~ ,Mk. r~ ~ii w,~,, ~,d w,~, ~ ~ e~ ~ tt,~ ~
a~d who aewesa the fore~oi~ instruexnt, ar,d acicnovviecl~~a berure me thac rr.ey exauted the sarne fo. r?+e purposes tt~rsn, express~d .
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Notary Public in and fw ths State of Fbrid~ at LsrR
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' REGLYEO:~ ~N PATIfENT OF TAXES
t ~ DUEON CLA55' ' 1NT GIBL PERSONAI PR01'ERTY
A--~;, i• PURSUANT 7G ' AaTE 2072 ACTS OF 1911.
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