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HomeMy WebLinkAbout1998 -- ~' P. "r.II .t"'~ .-; { -- .:1Q ~ ....,..1 sr. LUCi~ CCUNiY, fl.. ~_._.....-. . and shall_perform, com.ply with and abide by each and every the Sliplill1tiona, a~reements, conditions and covenants of said promissory note and of this dee-d, then th; deed '.Jnd the estate her-<3by created shall cease and be null and l'oid. And the Aaid .ltf.ortta~o,. for themselves and their heirs, lctal repl'68entatives and a3si~TIS, hereby covenant and atree : 1. To pay all and 8in~ular the principal and interest and other surfur of money pal/able by virtue of saUl promissory note and this deed, or either, promptly on the dc!.,g l'ecpectively the SGme severally come due. t. To pay all and siniular the taxes, assessments, lelries, liabilities, obli~ations and encumbrances of every nature on said described property each and "I'Cry. and if the same b'e not promptly paid the said .Morttatee. their heirs. le~al repruentatives or assitns may at any time pay the same without {('aidn ~ or affe-ctint the option to foreclose or any ritht hereunder, and even) payment so made I shall bear interest/rom the date thereof at the rate of 6% per cent. pcr aTUlllm. 3. 1'0 pay all and sintular the costs, char~es and expenses, includint lall'yer's fees, reasonably incurred or paid at any time by said .Morttatee . their heirs, letal representatives or a8Sitns, because of the failure on the part of the said Morttator, their heirs, letal representativcs or assitns, to perform, comply with and abide by each and every the stipulations, a~reements, conditions and covenants of said promissory note and this deed, or either, and cI'ery such payment shall boor interest from date at the rate of 6% per cent, per anllum. ~. To keep the buildint now or hereafter on said land insured in a su.m not less thanthe full insurable value vJVPrllfOlB, in a company or companies to be approved by s....id Morttatee.. and the policy or polic~es held by and payable to ,aid M01'ttatee, their heirs, letal representatives or assi~ns, and in the event any sum of m.oney becolnes payable under such policy or policies, the .Mort~atee. their heirs, letal representatives or assitns, shall hal'e the option to receive and apply the same on account of the indebtedness hereby see'll red or to permit the ",lforttator s to receive and use it, or ar.,y part thereof, for other purposes, without thereby waivin~ or impairint any equity lien or ritht undn or by virtue of this morttat,e, and may place and pay for su.ch insurance or any part thereol without waivint or affectint the option to foreclo!3e or any ri~ht here- under, and each and every such payment shall bear i1c.terest from date at the rate of 6% per cent. per annum. o. To pennit, commit or suffer no waste, impairment or deterioration of said property or any part therenf. 6. To perform, comply with and abide by each and every the stipulations, atreement" conditions and covenants in said promissory note and in this deed ,et forth. 7. II any 01 said sums 01 money herein referred to be not promptly and fully paid within tllirty (30) days next after the same severally 1.Jecome due and pay- able, or if each and every the stipulations, atreements, conditions and covenants of ,aid promissory note and this deed or either, are not duly performed, complied with and abided by, the said atlretate sum mentioned in said promissory note ,haU become due and payable forthwith or thereafter at the option of the .Mort~a~ee, their heirs, letal.repruentative3 or assitns, asfldly and completely as il the .aiel attretate sum of ---$5,000.00------------------------------ dQUa" WM oritinally stipulated to be paid on such day, anythint in said promissory note 01' Mrein tC' the contrary notwithstandint. The tenns ",MortJaJor" and "Jrfortgagee" whenever used ~n tillS lTlstrllment. shall inclu.-th t.Ju, heirs, personal representatives, snccessors and assigns of the respective parties hereto. Wherever used the singu,lar number shall incllw'!- the plural _and th8 plural the sintular, and the u.se of any gender shall include all lenderS. In Witness Whereof, the ,aid Morttator, have tlleir hand&. and 8eal sthe day and year first above written, hereunto set I \ , I . . . .' ('/ // ./'--) . ~rcz~ :,~L~. 1 ~.. c5EL~ :O~-fi4;. . \ ~~o ~ I ~ ______ __ _ u__~_ __ . " _ . . . ~_.._---- --- --"-