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and 1hall per/orm, comply u~itl~ and a6ide 6y eacl~ and enery the ngreementa, stipulutions, condilions and
rnvennnls thereoj, and oJ ll~Is morlgage, tRen Il~ts mortgage a~d the esfate hPlP~~y created, shni! cease, de-
termine nnd be nul~ and t~oid. ~
~ fhe mortgagor here6y ~urther covenants and ng~ees to pay promptly when due the prtncipnl and
interest ancl other sums ol money provided for in snid note and fhts morlgage, or eif~er; to pay a~~ and
aingular the taxes, assessmenis, levies, lia6ilities, o6ligations, and encumbmnces oj every nuture on soicl pro-
pe?!y; !o permif, oommit o? su~(e~ no waste, impairment or deferioralion o( saic~ ~and o~ the improvements
Ihereon at any time: eo k~p ihe 6u~Idt~Qs now or hereaf ter on said Iand f ully insiired in a sum oJ not lesa
than Fifteen thousand and no/100.
in a company o? companies nccepfnbje to the mortgagee, fhe po~icy or po~icies to f?e held 6y, and payable
to. snid ~nortgagee, nnd in the e~ent any sum o~ money 6ecomes payable 6y i~i.tue oJ such insumnce the
mortgogee shall knue the right to ?eceive and apply !he same !d th~ inde6tedness liere6y secured, accounting
to !he mortgagor lor anq swp~us: to pay a~~ ewts, c~arges, and expenses, inc~uc~iiig ~au~ye~ s Jees and title
searches, reasona6ly incurred or paid 6y the mortgngee 6ecause of the /ailure oj the morlgagor to promptly
and jully.comply with the ag?eements, stipujnfions, condifions and covenants o~ saic~ note nnd this mortgage,
o~ eilher: to perjo~m, eomply with nnd u6ide 6y each and euery the agreements, slipulations, conditions and
oovenunts set forth in snid note anc~ fhis mortgage or either. ~n tf?e event t{~e morlgagor Jai~s to pay when
d~ ~y r~r, assessment, inswance premium or other sum of money payable 6y vtrtue oj said note and fkis
mortgage, or either, t~e morlgagee may ~y +l~e same, u~ithout waiving or oj~ecting t~e option to ~oreclose
or any other rigF~t I~ereunder, and al! suck payments shall 6ear interest jrom dale ther~eo( at the I~ighest Iow-
~ul r~ate then altowed 6y ~he Iaws o/ the Slate of Florida.
any sum o~ money herein re%rrecl to be nof pro:nptly paicl w~th~n thirty days next af ter
tl~e same becomes due, or iJ each and euery tl~e ogreements, stipulations, conditions and covennnts o~ said
note and this mortgage, or either, are not Jully per/ormecl, complied with and a6~ded 6y, t/ien t1?e entire
sum mentionecl in said note, and Il~is mo?tgage, or tl~e enti?e 6a~nnce unpaid thereon, sf~nll (ort{uuii{~ or
Ihereajter, at the option o~ t1~e mortgagee. 6ecome and 6e d«e and ~yn6te, a?iyt6ing in said note or herein
to the cont?nry notwillulanding. Failure by the mortga9ee to exercise nny o! t1~e rights or options herein
~ providec~ sholl not constitute a waiuer o~ any rigf~ts or opfions under saic~ note o? this mortgnQe acc?uec~ or
j therga~ter aCCrtung.
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' - =-x-; ~n ~~~Q~ ~I~C~LOI fhe mortgngor {~as cnusecl these presents to
, : ` 5~~~ ~ ~S , ~ ~a.v TE
I SEA~~ 6e executed in its name, and i!s corporate seal to 6e hereunto af/ixed, by its
! ~ proper o~~icers thereunlo duly authorized, the day aRd y~r,irst above written.
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€ JACOBSON-REA, INC.
€ ATTEST--------------------------------------------------------------------------
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t ' ned, sealed ant~ deGverec~ in t1~e presen e o):
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~ f~0 ANO RECORD~O ~
~ fT, LUC~E COUMTY F A.
~ ROCE~ P0ITAAS
CLEaK C+ :CUtf COURT i~~'
~ ~tECOR^ VFnIFfEOr....~.-1- ~
~ F LO RIDA 28Q9S1 ~ ~ ji~ 7~ j
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~UI~~ Of ST. LUCIE ~ ~
o(~inr dul~ aull~wir~d in tlu Stu~e nnd Cwu~lr a(onsadd eo lalx «lenowleag-
~ 1 HEREBY CERTIFY d~ ~ i6~s day. 6~J~ ~
menlf, Penorw~~7 ~PPe~d
~ Donald E. Jacobson
~
u.ell I~nou~n to mr fo be tl~e Prnsident ~7~ respectirrly o~' tl~ corpo?otion nomrd ns
mortgogor in d~e Jongoing instrument. ond tlwt If~er xcerally «Ierwu~e.lgsd P.fPCUIIflQ I~! same. in Ihe p?rs~nor o/ 1u~o su6scribing ud~~~ses.
_ (rre~Y ar~ rolunlori~y undrr uutMrily du~q vest~ in tlcem 6y said carporalion ~.1 ~6ut ~6e srul a((i.c~ tf~er~rto is t1~e trur cwpware seal o(
- - sai~ rorpprofion.
~Vrf'i~ESS my i~ ~,d op~d ~I ca..~~y a.~d sea~P ~a~, nl~•~d 30th daq d April
i a. ~9 ?4.
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