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event any sum of money becomes payable under such policy or
policies, the MORTGAGEE, its successors, legal representa-
tives or assigns, sha21 have the right to receive and apply
the same on account of the indebtedness hereby secured or the
MORTGAGORS may receive and use said policy proceeds or any
part thereof for the purpose of rehabilitating or rebuilding
the premises or that portion that has been damaged or destroyed,
provided MORTGAGORS establish to MORTGAGEE'S satisfaction that
they have'sufficient monies on hand for such rehabilitation or
rebuilding, without thereby 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 for other
purposes, without thereby 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 t~ereof without waiving~or
affecting the option to foreclose or any right hereunder, and
each and every such payment shall bear interest from date of
payment at the rate of ten per cent ( 10 per annum.
~ 4. To permit, commit or suffer no waste, impairment,
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or deterioration of said property, or any part thereof.
5. To perform, comply with and abide by each and
every stipulation agreement, condition and covenant in said
promissory note, and in the deed set forth.
6. This Mortgage shall secure not only existing
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indebtedness of the BORROWER, but also future advances, ;
whether such advances or obligations are to be made at the
option of the BORROWER or otherwise, as are made within
twenty (20) years from the date hereof, Lo the same extent
as if such future advances to BORROWER were made on the date
of the execution of this Mortgage and although there may be ;
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no indebtedness outstanding at the time any advance is made ~
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~ FEtBEIMAN, FRIEDMAN, HYMAN 6 BRITTON O$ R~+~
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~ 228 N. E. 2NV Av~u~. MiwMl, FLORIOA
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