HomeMy WebLinkAbout1727 assigns, and in the event any sum of money becomes payable under
such policy or policies, the Mortgagee, its successors or assigns,
sha12 have the option to receive and apply the same on account of the
indebtedness hereby secured or to permit the Mortgagors to receive
and use it o_ any pa.rt thereof for o~her purposes, without4iereby .
waiving or impairing any equity, lien or right under or by virtue of this
Mortgage, and may place and pay for such insurance or any part thereof
withaut waiving or affecting the option to foreclose or any right hereunder,
and each and every such payment shall bear interest from date at the
rate of six percent per annum.
5. To permit, commit or suffer no waste, impairment
or deterioration of said property or any part thereof.
b. To perform, comply with, and abide by each and
every the stipulations, agreements, conditions and covenants in said
promissory note, and in this deed set forth.
7. If any of said sums of money herein referred to be
not promptly and fully paid within 30 days next after the same severally
become due and payable, or if each a.nd every the stipulations, agree-
ments, conditions and covenants of said promissory note and this deed,
or either~ are not fully performed~ complied with and abided by, the
said aggregate sum mentioned in said promissory note shall become
due and payable forthwith or thereafter at the option of the Mortgagee,
its successors or assigns, as fully and completely as if the said
aggregate sum of Six Hundred Fifty Five Thousand and 00~100 Dollars
were originally stipulated to be paid on such day, anything in said
promissory note or herein to the contrary notwithstanding.
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tJ1W OFFICES OF pAUL AND LA!lDY. 941 PAN AMERICAN BANK BUILDIN<i, MIAMI, FLORIDA ~l13f
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