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and shall perform, comply with and abide by each and every fhs agreements. sftpulnfloris, conditions and
covenants thereo/. and o/ this mortgage, then this mo?lgage and fhs estate hereby created, shall crass, de-
termine and 6e null and twirl.
. .
the mortgagor hereby further rnvenanta and agrees to pay promptly when due file principal and
interest and other sum: of money provided for to said note and tha mortgage, or etthsr; to pay all and
singular the fares. assessments, levies, Itabilitiea, obligations, and encttmbrartees of every nnttrro on said pro-
perty: to permit. commit or stiffer no u~wfe, impairment or deleriorotton of said Iand or the improvement
Iherecrt al any time: to keep the buildings nou• or hereafter on said land fully insured to a sum of not leas
than highest insurable Value
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such tnsurartco the
mortgagee shall hate the right to recpiue and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyers fees and tttle
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor fo prorrtplly
and jolly comply with the agreements, stipulations, conditions and rnvenanta of said note and this mortgage,
or either; to perform, comply with earl abide 6y each and every the agreements, stipulations, conditions and
covenants set forth to said note and this mortgage or either. In the event the mortgagor falls to pay when
dos any tax, assessment, insurance premium or other sum of money payable by virtue of said note and tht
mortgage, or either, the -mortgagee may pay the same, without watutng or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear Interest from date thereof at the highest lnw-
(trl mte then alloured by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly. paid within ten ,days next niter
the same becomes dup. or tf each and every the agreements, stipulations. conditions and covenant of said
note and this mortgage. or pitltpr, arp_ .not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter. at the option of the mortgagee, become and 6e due and payable, anything to said note or herein
to fhp contrary notu~ifhstanding. Failure by the mortgagee fo exercise any of the rights or options heroin
proridpd shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accnring.
Dn ~~lll~s ~~Ols Ilse said mortgagor {gas bpreunto signed and sealed these presents fhp
' day and year lint above u~riHr'n.
Siguad..ssolsd-orwl-~lir[~-iw-!{t~pr~nrtref
THIS IS A BALLOON MORTGAGE AND E FINAL PAYMENT OR THE BALANCE
.-Dt]E...UPON.-MATURI~-..IS.._$16-1330-.-00,---TOGETHER_ WITH ACCRUED IN_TERE_ S~
- -
IF ANYr AND ALL ADVANCEMENTS E BY THE MORTGAGEE UNDER THE
_.TEA.MS-..QF...~#~I~-_MORTGAGE.--------------------- - - •
Signedr sealed and deliverd
-.~>r~-.-the.presence-.of ~
iCOBS
I
mess-- - - - - - - -
J• R. REA
f w aces -
STATE OF FLORIDA,
couwTY c~F St. Lucie
I HEREBY CERTIFY that oa this day, before rrx, as
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Donald E. Jacobson and John R. Rea
to me known to be the person S described in and who executed the fongoinq instrument and who acknowledged
before me that they executed the same.
WITNESS my hand and official' seal in the County and State last aforesaid this ~ 3~~ day of
'''~jOVelllber A. D. 19 79 •
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•.`~F rtG ~pQriy commission expires : ,~,,9 , .
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