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HomeMy WebLinkAbout1726 and shall perform, .comply with and abide by each and every the stipu- lations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate hereby created shall cease and be null and void. AND the said Mortgagors, for themselves and their heirs, legal representatives and assigns, hereby covenant and agree: 1. To pay all and singular the principal and interest and other sums of money payable by virtue of said promissory note and this deed, or either, promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nature on said described praperty~ each and every, and if the same be not promptly ~ paid the said Mortgagee, its successors and assigns, may at any time pay the same without waiving or affecting the option to foreclose or ; ; any right hereunder, and every payment so made shall bear interest ~ ( from the date thereof at the rate of si.~c percent per annum. 3. To pay all and singular the costs, char ge s and expenses, including lawyer's fees, reasonably incurred or paid at any time by said Mortgagee, its successors and assigns, because of the failure on the part of the said Mortgagors, their heirs, legal repre- sentatives or assigns, to perform, comply with and abide by each and every the stipulations, agreements~ conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear interest from date at the rate of six percent per annum. 4. To keep the buildings now or hereafter on said land insured in a sum not less than the highest insurable value, in a company or companies to be approved by said Mortgagee~ and the policy or policies ~eld by and pay3ble to said Mortgagee, its successors or -4- dt~ ~ ~ LAW OFFICES OF PAUL AND LANDY, 34f PAN AMERIGAN BANK BUILDING. MIAMi. FLORIDA 33151 ~ ~ . . . _ -c e . , . _ , s a...C&`.