HomeMy WebLinkAbout1686 { •
. ~ •
1. To pay au cts~d ~er~p~Iar tJls p~ri~oipol ~d iwtsrat w~d otller ~u~ns ol ~one1? Payabls b~?
virtue of said promtissory twte_ a~d t7tii ds~d. or eitll~r. PromPtly on the daya +~ssp~ctiv~ly tA~
sama aeveraUy bsco~s dx~.
t. To pay au ar~d ii~lar t~ taxa, aiaasiaMenti, lev~ei, Tiab~ities, obii~atio~+t. awd ~noww-
brancea of every ~at~crs o~ ~aid described P~'~PN"tY• eack arid every, awd if tlas a~a b~ ~ot P~'o~P~
ly paid tJ~s said Mortaa~s~... the ir ~sira, k~al r~press~tat~vet or a++~0~v, at ay+
time pay ths aame without waivi~y o* aff~o ths optiox to fore~tose or a,qr ripkt ltere~a~aar,
anai ever~? Paymant ao made al~aU bear inters~i ~rom the date tllereof at tlle rats of t~*
cent. per ataaa~.
s. To pay dIl and ain~lar tll~ coat~, cl~ryea and expenaei, s»cludi~ iawyer'a fees, reasow-
ably incurred or paed at any tirne by aaid Mort~ayee~, the ir ~eira, teyai represe~tativea
or asaigna, becauas of tha faiTxre ~ox tl~ts part o~ t11e aaid Mortpapor_, her l~,ei~, 1,eyai
rapresentativea or aia~~a to 7~'f~,. ~PTfI witk and abute by eac~ and every the ate`pKJatio~, .
apreeme»ta, eonditio~a and covanaxt~ of aaid pror?iasory not~ m~d thia daed, or eitl~er. and
every auch payment a1kaU.bear i~tereat firo~ri date ot tAa rata of~ per eext. per ~ -
To keep tl~ bu~dinga now or l~ereaf
t.er on said Zand i~a~a~ed ix a aum ~not ieas t,~ax
~ghe~t insurable value - n~~, ~ a~pany or e~panie~
to be approvea by saiat htortea9ee s., a»d tlte twticy or poticiss t~kt bf? arid txiyab~s to saui biort-
9a9e6-~. the ir ~•~a, byat repreaentaitivea or assiQria, and in t11e enent
any aum of mo»e't becomea payabie ~atdar s~tel~ policy or policeea, t,hs Mort~a~se~..~
their heira, leQai repreaentativa or assigna, ahall Aavs tl~a optio~ to receive awd
appiy the same on accoernt of the indebtednesi ltereby aace~red or to permit tl~s Mortga~or to
' receive and use it or any part thereo~ for other purpoaea, wethout t.lsereby waiviny or impairi~ty
a»y ~9'+~Y, iian or right u~d~ or by virt~s oj fkis mortya~e, and ~naf/ P~a a~nd Pay for a~cl~
i~ata~axee or any part tisareof u~ithout waivinp or af
f~tin~ t1~e option to foreeloaa or any ripll~t
her~a~der, and e~acA and etiery aucl~__payme~t ~aU bear intereat ~rom date at t,~a +ate of 6~
per eent. per amaan.
?r .
5. To permit, commit or auf
f
er »o waate, impairmeKt or datariorntioft o
f aaid property. or any
part tlkersof.
6. To perform, ~omply with, and abide by each and every ths atipulaLiona, aD!'eementt, co~
ditio~a and eovenanta in aaid promiaaory »ots~, and in thia deed ast f
ort7~.
If any of said auma of money heresn referred to be not prwnptiy und fu~Iy pa~d withix
~ 5 ~ya next af
tsr tha same satiaraAy beeo+na dus and payabl~, ar if ~ach and every tJ~ee
atipulationa. apreementa, conditio~a and eov~ta of aaid promisaory ~note_ and t~kia deed, or
; either, are not fully performed, compleed witl~ and abided bY, u~D*~ate aum tnentioned
in said promissory not~ alaaA beco»ta d~ue a~d paYabis forthwitJi or tliereafter at the option of
I the Mortgagee~, the ir ~eirs, lagat repreaentatinea or aaaiD~, ~ f'~Y ~~P~~Y
' as if the aaid agyrepate aufn. of unamortized prineinal plus interest ~~.s ~
origirwllg atipulated to be paid an aueA daY, axything in said promisaory note_._. or herein to t~hs
contrary notwitlasta~ndix~.
IN tiVITNESS WSEREOF. t.~a aaid d[ortyagor_, has h~~,~ a~~_
~.~___ana se~__._t~ aay a~ y~ar firat abotia ,orit Gx~ i~ll ~ ~ .
S' , a ared 'v e.d ' easnes ua: ' ~I
; !.t ~ ~2ee ~r~ (Sea~)
- ~/lns /sslnn~~r~d f?n~u,n~l hy: JOHN W. ESTES~ JR. ~ ESQ. ~1~~
;1~f~lnss 16495 N. E. 19th Avenue j .
~ :,or+:h 1liami Beach, Florida 33~62
' ~ . . • ' y ~
~ ~
~