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an~t slin~~ {,e,~rjorm, comply tvith nnc~ atilc~e hy each aisd ei~ery fhe apreementa, stipu~aftohs, condllions and
cot~enants lhereoJ, and o) f1~is morlpage, lhen 11~ts morlgagc~ and Ihe @S~UIP. here6y created, shal~ ceaso, de-
iermine and 6e niill and votd.
~n~ t~ie nto~t~nt~or I?ernhy ~urt~er covennnls nnt~ aprees lo p~y prompily tuhen due the principa~ anc~
interesf nnd athor sums o~ money provt~ec~ ~or in saic~ note nn~ Ihis mortgafle. ~r eilher; lo pay a~~ and
sln~u~~zr the tnxes, assessments, ~evivs, ~In6t~tites, of~~ipatfons, anc~ encumbrances o1 every nnlure on sntd p~o-
perly: to permil, comrnl! or sRij(er no waste, impairment or c~etsrioralton of sai<1 ~anc~ or t~a improvemenfs
_ thereon at nny lime; to keep !he 6utl~{infls now or hereafter on saicl Ian~ (uUy insure~l tn a sum of not lesa
~han full insurable value thereof------~--'-""'-----_____________..__
in a compnny or companies accepfab~e fo t~e mort~aflee, the polIcy o~ po~ictes to 6e helc~ hy, a?cd paya6le
fo, snt~{ morlgngee, nnc~ in t{~e euent any s~im o~ money ~ecames payab~e by t~irtue oj such in~urance !~e
mort~npee shall have the rtght b receive and apply the same to the i~de6tednsJS herehy secured, accounling
to Ihe mort~n~ar ~or any ~urplua; to pay a~~ costs, chnr~es, and expense3, ~nc~uc~tng ~au~yer~a ~ees and litle ~
senrcties, rensonably incurred or paid ~y the mortgagee because o~ ihe ~ai~ure o~ the mortgagor to prompt~y
nnc~ (u~~y comp~y wilh I~e agreements, stipu~ut~ores, conditioru and covenants o~ snia no~e anc{ (~ts morlgage, ;
or eit{?er; io per/orm, ~omply with and nbide by each and every the agreements, slipulatlons, cor~ditions and
covennnts set ~orth in said note and this mortgage or either, in the e~en! the mortgagor (ai~s to pay when ~
c~ue nny fax, assessment, insurance pr~mium or ofher sum o~ money paya6~e by uirlue o` s~ic~ note and ihis
. mortpage, or eitE~er, fhe morfgagee may pay the same, tuithouf waiving or a~jecttng the oplion lo Jorec~ose -
or any o;hcr ri~Iil hereun~Ier, and alI such payments s{eall bear interest ~rom date thereof at the highest Iau~-
(ul rate t1i~n nllotuec~ by Ihe laws o~ the Stc~te oj Florida.
~ ~i any s~im of nioney herein re(erred to 6e not promptly paid wilhin thirty days next a~ler
~ the snme becom~s due, or i~ each anc~ Query t1?e agreemenls, slipu~afions, conc~ilions nn~ covenants of said
note and this morlgage, or eith~r, are not fully performed, complied with ~and a6ided by, ff?en t~e entire
_ sum mentioned in ~aid note, .an~ this mortgape, or Ihe entire ba[ance unpaicl thereon, shali jorthwit~ or
lhereafte~, nt tha option of the morlfla~ee, 6ecome and be d~ie and payable, dnything in sald note or heretn
to the contrary notwithstariding. Failure 6y tF?e mortflagee to exerctae any oJ t~ie rights or options ~erein
` proviclecl sha~~ not constitute n u~aiver of any rip~ts or options under snic~ note or t~iis mortgage accruec~ or
1~?ereaJ(Pr acctuinfl. - -
-~ri ~itn~ss ~hereof~ the said mortgngor has hereunto signed and sealed these presents the
day a?ed year Jirst above written: THIS IS A BALLOON MORTGAGE AND ON THE SIX`1'YFIRS
- PAYMENT THE BALANCE DUE UPON MATURITY IS $ 36 ,940.60 , TOGETH R
Signed, sealed and '~ered in !F?e presence o~: ~r+1ITH ACCRUED INTEREST ~ IF ANY ~ AND L
~ ~ - VANCEMENTS MADE BY THE MORT
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. R-~THE...~E ---0~'-~-TI~I-S-•~40RTG~
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- Ernst S . ob~ ~ n
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" Glad M. J ok~sen _ ~
_ STATE OF FLORIDA, ~ ~ ~ -
_ Cou~v~nr oF ST . LUC IE ~ - ~
~ I HEREBY CF.RTIFY that on this day, before me, an .
o[(icer duly authorized in the State aforesaid and in the County aforesaid to take acknowledqments, penonaUy appeared
- Ernst S. Jacok~en and G3adys M. Jacobsen, his wife,
to me fcno~n to ~P t,tie perso~ described in and who eaecutrd the [oregoing instrument and th~y acknowtedged =
f. betorc me that ~ey ~•zecuted the same. _
> \VITtiF.~S my hand and officia) seal in the County and State tast aforesaid this day of "
- - June n. ~9 75 _
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_ . ~ NOTARY ~UBLIC , Sicate af rida
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; ;.r~•: ,•,,G~~ - at Large .
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' ~ T "n : - My commission expires : 4/7/78 -
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- , CLfRlc CI~CUIT CCURt
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~ Thif Lu~n~nre~~! prfpnrFr~ Ly: ~1 IZ ~ S5
`'`~,'n~ - R 24U PACE1650 . 310201 ~ .
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