HomeMy WebLinkAbout0485 3. To pay all taxes, assessments, lieas, snd eacwnbraacea oa mortgaged propeKy promptly
when due. If they are aot promptly paid tha Mortgagae may psy them without waivin` the optioa to fore-
close, and such payments, with iateres~ ~a~eoa feom the dato of payment at the same rata as speciCed ~
ia that note, shall also bo secured by this mortgage. ~
4. To keep that pmperty iasured agaiast damage by Cre aad lightning in the sum secured by
this mortgage, by aa iasuror satisfactocy to the Mottgagee, cde insucance policy co be held by aud pay-
ablo to the Nbrtgagee. If the Mortgagot shall aot do so, the Mortgagee may do so withont waiving the
option to foreclose, and tha cost thereof, with interest thereoa fmm the date of payment at tlte same rate
as speci~ed ia that aote, shall also be secured by this mottgaga. If sny sam becomes payable under
such policy, the Mortgagee may apply it to tha indebtedaess secnred by this moctgage, or may permit the
~g~ga: Lc L~c it for other putposes, without impairing the liea of this mortgage.
S. To canmit, pemut, or snffer ao waste, impaizment, or detarioration of the mortgaged property.
6. To pay all eapenses reasoaable iacuned by the Mortgagee because of failure of the INort-
gagor to comply with the agreemeats in that note or this mortgage, iacludiag reasonable attomey's fees.
'fhe cost thereof, with iaterest thereon from the date of payment at the same rate as speciGed ia t6at
aote, shall also be secured by this mortgage.
I~' any payment pmvided for in that note is not paid within t6irfy days after it becomes due,
or if any agre~ment in this mortgage other than the agteemeat W make the paymeats is breached, the ep-
tire unpaid principal balance of that aote shalt i~unediatcly bacome due at the option of the Mottgagee ~
and the Mortgagee may foreclose this moctgage in the manner provided by law, and have the mortgaged
property sold to satisiy or apply on the indebtedness hereby secured.
8. The rents aad pmCts of the mottgaged propetty are also hereby mortgaged, and if proceed-
ings to foreclose this mortgage shall be institated, the conrt 6aving jurisdiction thereof shauld appoint a .
receiver of the mortgaged property and apply those reats and proGts to the indebtedness hereby secund, • `
regardless of the solvency of the Modgagor or the adeqnacy of the secnrity.
Executed at Miami. Florida tbis day of August 19(~ 6_
Witntsses: KEI,I,y ~ ,
~ _ BY: (SEAL)
e . ice President (SEAL) ~
STATE OF FLORIDA
COUNTY OF DADE
I hereby certify that on this day, before me, a Notary Pnblic, dul thorized in. the state and
caunty named above to take acknowledgments, parsonally appeared ~ t~_~"~ k
I; to me tnown to be the person who execnted the foregoing chattel mortgage, and acknowled-. '
~ ged before me that said person execnted that chattel moctgage. r
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~ Wimess my hand and off'icial seal in t6e connty and state named above this ~~~~~r,._'r,, ~
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~ 19 66 - . =~ai,~ Q ~1 =
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Notary Pnblic ~ ~ K" a " ~ fy~<~~~ ~ ;
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CORItR1SS10~ C t~ • ~4~}•
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~ F11.E0 ANO RECORDED
~ ST.PEC~F~ ~URIF EDIA. ;
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'E6 t`~?~C 29 PF1 I: I Z
148048
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CLERK CIRCUtT CUURT
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ao~ 153 - 485
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