HomeMy WebLinkAbout2068 1. Ta pay a13 s?nd eit~ular the prlncipal and intere$t snd other aums of money paysble
by virtue of said promisaory note_. snd tbis deed, or either. promptly on the daya re~pectively
' 1.. the eame eevenily become dne.
2. To pay all and ein~nlur the tszea, ~ssessmenta, ievies, liabilitiea, obligatione, und
incnmbrances of every nature on ssid described property, eacb and every~ anc~ if the same
be aot prnmptly psid the aaid Mortgagee_., ~ tg ~eira, legal representativea or aesigne,
msy ~tt any time pay the same without waiving or aitecting the option to loreclose or any rlght
hereunder, :?nd every payment ao made shsll bear interest from the date thereo! at the rate
of 1.~._..per cenk per annnm.
3. To pay all and 8ingnlar the costs, chargea and expenses, including lswyer'a teea,
reaeonably incurred or paid at any ttme by said Mortgagee_, 3 ts ~egal representativee
or seaigns, becauae of t6e lsilnre on the psrt oi "the esid Mortgagor. its encc~sora, legal
representat3vea or sasigna, to perform, comply with and abide by each and every the stipula-
tiona, agreementa, condition8 and covenanta oi aaid prnmisaory note_ snd t~ie deed, or
either, and every snch payment shall beAr interest from date at the rate o! per
cent, per annum.
4. To keep the bnildinga now or hereaftsr on ssid land insured in s aum not less than
nollara, in s compa~? or companies
to be apprnved by esid ~[ortgage~, and tha policy or policies held by and payable to eaid
Mortgagee._, 1 tg ~+eirs, legsl repreaentatives or aseigne, and In the event any snm oi
money becomes payable nnder ancfi policy or policiea, the Mortgage~, ~ te ~+eira,
legal representativea or sa~igAS,~absll bsve t2?e optian to receive snd apply the same on account
ot tLe indebtednesa hereby aecured or to permit the Mortgagor to receive and nee it or any psrt
thereof for other ~ purpoeea, ~itbont thereby waiving or impairing any eqnity, lien or right
under or by virtne of this mortgage, and may place and pay for snch insursnce or any part
thereo! withont waiving or affecting the option to foreclose or any right hereunder, and each
and every encb payment shall besr intereat irom date at the rate of per cent per annum.
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6. To permit, commit or anifer no waste, impairment or deterioration of said property
or any p~rt thereot.
8. To per~orm, comply witb, and abide by each and every the atipnlationa, agreements,
conditions and covenants ia ssid pmmiasory note._, and in this deed set forth.
If any of said aums of money herein reterred to be not prnmptlq and fully paid
m~thin ~0 days neat after the same severally b~ecome due and payablet or if each and
every the stipntationa, agreemente, condi~ions and covenants of said prnmissory note- and
this deed~ or either, ue not fully performed, complied w~th snd abided by, the esid a,ggregate
enm mentioned in said pmmiasory note~ ~hall become due and payabte forthwith or there- ;
aiter at the option oi the Mortgagee_._, itg heirs, legal representatives or as$igns, as 1
tully and completely sa if the said aggregate aum of TEN TA~LISAND ~nd OOf l 00 ~
~ 10 004 . 00 ollsra ~vere orig?inally atipnlated to be paid on sncb day, anything in asid ~
promiesory note_ or berein to the contrary notvvltbstanding.
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_ - - IN Q~:ITNF.S.S WHEBEOF, t.~e asid party o~ the firet psrt haa canaed these
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~~.~,+n~w.~,~~ presenta to be sigaed in ita name by itg
, _ :
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~f:, .(Corporate Prea~dent~ aad ite corporate seal to be atfized,
~':•-~~~k~0`'t~~~~~s';,: (3es1) attest~d by its Secretary the day
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= ~~r' ~1'~' a ~ ~ ° ~ and year above written.
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~ '~'.;G ^ ones,
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$fg~ and delivered in the presence oi:
~
ields, Preaident.
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f/,~~ I~wrr~u,c,rr prrprr,r~l hy: J. R. Shi.elds BODK1~3 PA~~UU ;
,q~,~„~ ?401 S.W. 68th Court -
South Miami, Fls. 33143
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