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u*nd~rsi ~ and nsa11T. PRO~[I8E TO PAT !o !L~ ord~s of
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h~r~of maT d~si~ast~ in wrilta~. ~~s wW? iroa~ dU~ at !L~ :at~ oi s o~alnm s aanwn oa tlu uapaid
~~o. ,~w tb..ata ~r~ s~•~ b. au..aa p.Y.w. :ouo...:No interest ior two years,
at which time 4 p~incipe~l paynaent of , . 00 sba~l be due aad payable; thereafiter
p~ri~acipal sad interest in montbsy ts of $2, 585.00 per month sha11 be made, the
iirs! swch instsllment being due 25 on after the date hereof and continuinq ea~ch month
thereafter until the entire amount ips~l awd a11 accrued interest shall have been paid
in full. Each monthly payment shall be first creditred upon interest and the balance on
p~ir~cipal. The makers hereof reserv riqht to pacepsy aay amount without penalty.
ll ~faalt M~~ t~r _.._a74..M ~f~ i~ fi~ W7~t u7 ~t ef M~~ er Y~t~rest x~wr prt tM~ef. t?~ w6o1~ sus t?~~ ~a1~t~i
unPal~ ~ritL iotmst ~WI at 6ddse'~ Ntl~a Mce~e i~ ui M7 t wotics. Failun t~ ~~rciN suc~ Mti~ d~ll ~~t eow~tltat~ ~ah~e ~f tM
ri~?e te s=ertis~ H~ sre i~ t6~ ~~t ~f wbN~t i~ladf. /1ft aatrrit~ bot\ pbdMl aai ~cerwa l~tere~t JaU ~sar {~te?e~t at u~tus
oer w~u~ atil M~ 7'~~ Mk~rs ~sws fiis ~eb ~ratt~ i~a~, ~edoe ef wos-M1~t ae~ Mote~t If Wts aot~ is Nt at
maturit~ a~l tM sa~e b dac~ witA w~ttK~ tK edMetl~0. ss~ e~i~sers ~en~t oi~ ~ Mf a11 eosb ef colledio~. LcWii~~ all eorrt
costs ~ ~~M~?4 atq~~ tsq.
HO AY OUT II~1 AMERICA AT ST. LUCIE, IlJC.
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~Yts (P/k s , _
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aad ahall duly. pmmptly and fully pertorm. discharge. execute, effect, completr, comply wfU? and abide by esch }
and every the stipulaUons, agreements. conditions and covenanta of said prorrussory note and ot this mortgage. ~
Wen thls mortgage sad the estate henby created shall cease and be aull and void. `
It is underetood tLat each oi the worda. ••note.•• "mortgagur" snd "mortgagee" respecUvely and the pron- ~
ouns referring thereta, whether in We singulnr or plural anywhere in thls mortgage. ehall be aingular i! one only ~
and ahall be plural joinUy and severallq. it more than one. and ehall be meaculine. feminine and/or neuter. wher~
ever the oontext so impHes or admits.
And ssid Mortgagor for himself and his heirs, legal representatives„ aucces9ora and assigne. hereby coven-
° anb atw agrees to and arith eaid Mortgagee. hia legal repreeentatives. succP.s9ors and asslgns:
1. To psy all aad singular the principal and interest and the various and suudry aums of money payable by
virtve of said promiasory aote, and this mortgaSe. eacl? and every, pmmpUy on the days respectively the same
severally becoma due.
; Z. To pay all aad a[ngulsr the taxes. aseessments. levies, IiaDiliUes, obligation~ and incumbrancea o! every
i nature and kind aow on said descrlbed pmperty. and/or that hereafter may be impoaed, auffered, placed, levied
~ or asaeseed thereupon, aad/or that hereafter may be levicd or asses~ed upon this mortgage and/or the indebted-
E neas aecured hereby, each and every. when due and payabie according to law, betote they become delinquent,
~ and before any interest attaches or any penalty is incurred; and in ao far se any thereoi ia ot record the same
shall be promptly satisfied and discharged of record and the original ofticial dceument (auch as. for instance,
the" tax teceipt or the satiafaction paper officiaily endoreed or certified) ahall be placed in the hands oP said
Mortgagee within ten days next after paymeat; and in the event that any thereof is not so paid, satis~ed and
dischsrged. said Mortgagee maq at any time pay ihe aame or any part thereot without waiving or affecting
any opUOn, llen, equity or right under or by virtue of this mortgage. xnd the full amount oi each and everq
auch payment ahall be immediately due and payable and shall bear interest from the date thereof until paid
at the rate of ten per centum per annum and together with such interest shall be aecured by the lien of this
mortgage.
3. To place d cont3nuo ly keep on e buildinga now ereatter aituste o d land fire and orm
insurance in e usual s poUcy [ . in a sum not 1 than i auch com-
panq or panies a9 y be approv by said Mortga ; and all such ins nce policies on any i said buiid-
ings, intereat the or part W f. in the aggre e aum aforesaid o excess thereof, contain the
usual tandard mo ee cla aking the loss der said policiea, e and every, payab to said Mortga.
gee his interes may appear and each end ev such policy shall proinptly delivered and held by said ,
rtgagee: an ot less th n daya in adv e of the expiration each policy, to deS r to said Mortgagee ,
renewal the f. togeWer th a receipt for e premium oi auc rnnewal- and there all be no such insur- i
ance placed any of buildings, aay ~ rest therein or pa ereof. utiless in th lorm and with the f
payable aforesaid; in the event an aum ot moneq bec es payable under a pollcy or pollcies 'd
Mortg ahall have e option to rece e and apply the on account oi the i btedneas secured he y or
to pe t esid Mo or to recelve use it or any part ereof for other pu ses without thereby aiving
or airing any uity, Uen or rtg nnder or by virtue thte mortgage; and ' the event esid Mort gor ahall
~ !o any reason il to keep the prem[ses so lnsure , or fail to deliver mpUy any o! sai policiea o!
~ rance to d Mortgagee. or 1 promptiq to pay lly anq premium th for, or in any t fail to per-
orm, e, execute, effec complete. comply wi and abide by this co nant, or any part h f, said biort
~ agee may ace and pay for ch insurance or any thereof without ving or atfectin any option, ' ~
equity right under or b virtue o! thia mort e, and the t~U aqio t of each and eve auch paymen
be ately due and yable and ehell bear terest trom the dete ereoi unttl paid tha rate oi n per
cent . per annum ether with suct~ rest shall be securad the Hen oi thls m gage.
4. To permlt, commit or sutter no waate, itnpalrment or det~esloratton oi aatd property or any psrt ihereol.
6, T~p psy all aad aingular ths costs. cLarges xnd expenses, induding nasonable lawyer's fees and cost ot
abstracts o! tltte, lncure~ed or pafd at any time by said 1?i~rtgagee bccause aad/or W the event of the tallurs
oa the part oi the ssid Mortgsgor to duly. promptly and fully perform. dfscharge. ezecate, etfect, complete.
eomply with and abide by eacL aad every the stlpulations. agreementa. conditions and covenaafe of eaid promis- ~
~ory note, aad this mortgage, any or dther, and safd coata. charges and a~cpea~es. each and every. ahall be 1m-
medi~ telq dus and paysble. whetber or not thers be notice, demand, attempt to colkct or sult pending- and ths ~
l1il1 a:nount of each aad emery suct~ psyment aLall bear interest irom ths dste thereof unttl pald_at We nte o!
ten per centnm per annum; aad a11 safd coste, chatges and expease~ w incurred or peid. WgeWer with suc~ in-
terest, sball bs ~ec~u+ed by the Ilea o! thf~ mortgsge. ~
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. g~K 167 PACE 2239
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