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HomeMy WebLinkAbout0872 To pay sll and $ingular the pri.ncipal and interest sAd othe~ suina of money payable by wrtue of said pmmissory note~ and Lhia deed, or either~ promptly on the days reepectively the seune severally become dne. 2. To pay all and singular the tazea. assessments, leviea. liabilitiea, obligationa, and incumbrsnces af every nature on sa~d described pmperty, each and every, and i! the same be not promptly paid the aaid Mortgagee_, hie heirs, legal representatives or aseigne, may at any time pay the same without waiving or aflecting the option to foreclose or any right hereunder. and every pa~rment so made ahall bear interest from the date thereof at the rate oi 8 per cent, per annum. 3. To pay all and singular the coats, chargea and expenses. inciuding tawyer's ieee. reasonably incurred or paid at any time by said Mortgagee-, his tegal representativea or asaigna, because of the failnre on the part oi the said Mortgagror, ita successora, legal representative8 or sssigns, to perform, complp with and abide by each and every the stipuls- tions, agreementa, conditiona and covenants of said promiaeory not~ and this deed, or either, and every such psyment ahall bear intereat #rom date at the rate of 8 per cent, per snnum. 4. To keep the bnildinga now or hereaiter on said laad insured in a sum not lesa than hiqheat insurable value nollars, in a company or compaaies to be approved by said Mortgagee_, and the policy or policies held by and payable to said Mortgsgee._, hi$ beire, legal repreaentativea or assigna. snd in the event any aum oi money becomes paysble under such policy or policies, the Mortgagee_, hi$ ~+eira. tegal representatives or aaaigaa. ahall have the optioa to receive and applq the same on account oi the indebtednesa hereby secwred or to permit the Mortgagor ta receive and use it or any part thereof for other purposes, without thereby waiving or impairing any eqnity, Iien or right under or by virtne of this mortgage, ~nd may place and paq tor anch insuraace or any part thereof without wuiving or affecting the option to foreclose or any right hereunder. and eacb and every euch payment shall bear interest from date at the rate of_.$_~per cent per annum. 6. To permit, commit or aufier no w~ste~ impairment or deterioration of esid property or any part thereof. . 6. To pertorm. comply with, and abide by each sAd every the atiputations, agreements, conditions and covenanta in said promissory note_., and in this deed set forth. 7. If any of ssid sum$ of money herein referred to be not prnmptly and fully paid with~n -0- daya neat after the asme severally become due and payable, or if each and ~ every the etipnlatioaa, agreemente, conditions and covenants of said prnmisaory note_, and tLis deed, ar either, are not fullp perforcned, complied with and abided by, the asid aggregate aum mentioned ~n said pmmissory note_ ahall become due and papable forthwith or there- slter st the option of the Mortgage~, hia he~, Zegal representstives~ or asaigns, ss fully and completelp sa i! the said aggregate sum of Fifteen Thousa~nd and No/100 15 . 000 ) dollars ~vere originslly atipulated to be paid ~ on auch day, anything in said promiesory note_ or berein to the contrary notwithstanding. IN WITNFSS WHEREOF, the aaid party of the firat part hsa caueed these resenta ~o be si~ned in ita name_by itg enera par ner ~~c and ita ~ aeal to be affnred. ~~al~ the daq and year above written. ~YYYYYYYYYYYYYYYI[ vYY vvvvvvvvv ~ INDI RIVER GRO~VL CO., a Sign eealed livered in the presence of : p ; L' ' ' ~ i ' 4 n. ~4oce~iwq~c ~~GL >tvf~.a ~,~.r, ,,L~.(~p~ ~ Individ y and as Genera l Partn ~ , AI.AN M. KORNBLUH Ilit /?t.Un~inr~rl ~+afu~rri/ l?•: J anette Newman, Attorner at Law hi s wi f e .1~Gfrr-~~ b27 _ 71St Street ~ 0 R I! (ln p~+~ b!~ami Ecach, Florida 33141 ~liOK 1iJU OU ~ a,~ _ ~ _ , ~ . ~._~o _aT x.~n. ~