HomeMy WebLinkAbout1471 1. To pay alI a~red ain~uJar t/u princepal a~d intereat arui other suma of money payabte by
virtue of said promiaaory :tot.~_. and thia dead, ar eithsr, 1~'omPUy on tlu days respectively the ~
sams severaUy become dua.
8. To pay al1 and sing~Iar tlss taxea, aaaaaaments, levies, Iiab~itiea, obiiyatio~a, and encu»~
brancea oj every raature o» aaid deacribeui property. eacA and every, and if the aame be »ot prompt~ ;
ly paid ths said MortDa~se._, his ~eirs, ~e~al repreaentativea or asaipna, may at any~ ;
time pay the aame withou# waiviny or a~fectin~ tha option to ~orecioaa or any ri~l?t hereu~der, ~
and enery payment ao mads ahall btar intereat lram the da#e thcreof at the ,rate of14~._per
cent. per ataae~f. +
s. To pa~ aI1 and singular the coata, chargsa and expensea, inciuding tawyer'a feea, reaao~t-
abIy incurred or paid at any time by aaid lldortgagee~, his ~ra, lepal representativaa
or aaaig~a. because of the faalura an the part of the aaid Mortgagor S, the ir lap~
represent,ativea or uasi~~a to Per'f~. ~?PlY with and abide by each arul every tlae atipulat~iona,
agreementa, conditions and cove»ants of said promiaaory ~tote ond thia deul, or either. and
every such payment ahall bear interes~ from date at tlte rate of_].i]~6.._ per cent. per annum.
To keep the bu~dinga now or hareaf
ter o» said land ins~ured in a aum rat leas than
full insurable value ~ A~et~; in a company or compa.niea
to be approved by said Mortgagee_, and tht poticy or policiss held by atid payable to aaid Mort-
gagree~, h i s k~ra, le~al representativea or assigna, and in tha evvent
any aum of money becomea payabie undsr auch policy or policiea, the Martgagee_._,
h i s l~+ra, tegal repreaentativaa or aasigna, ahall have the aption to receive a»d
apply the same on account of tha indebtedneaa herebj/ aecured or to permit the Mortgagor~. to
receive and use it or any 1w,rt thereof for other purposea, witliout thereby waimreg or impairingr
arty equity, lien or right under ar by virtue of this mortgage, and may piace and 1x~Y for auch
insurance or any ~art thereof withwut ~oai~ring or affecting tlae option to forecloae or any right s
hereunder, and each and every such payment ahall bear interest jrom date at the rate oj~_ -
per cent. per annum. ; ^ .
5. To permit, commit or auffer no zvaate, impairment or deterioraiion of sa.id property. or any
part thereof.
6. To perjorm, comply with, and abida by each and every/ the stipulatiorts, agreements, con.
ditions and covenanta in said promi8aory note_, and in this deed set forth.
7. If any of said suma of money herein referred to be not promptly and fuUy paid witkin
30 .,~y$ next after tke same aet~cra~Uy become dus arul payabi~, or if each and every ths
stipulations, agreementa, conditiona arid covenanta of said promisaory note and thia deed, or
either, are not fully performed, compIied ~eoith and abuied by, the said aggregate sum mentioned
' in said promissory note_ shaA become due and qoayable forthwith or thereafter at the aption of
the Mortpagee_, his koirs, kgal representatives or assigns, a.a fully attd eompletely :
t
aa if the said aggregate sum of $26, 988.47------- ~oUa.ra wcra
originally atipulated to be ~aid on such day, anything in said promissory note_ or herein to the
contrary ~wtzvithsta.nding.
IN WITNESS WHEREOF. the said Mortgagor~, have h~~n~ 8et the ir
i hund s~nd seul_s-the da~ and year firat above written.
~ Signed, s aled deliv in presence of us: E''~~IN INVESTMENTS , LTD a~~~
i Florida Limited Par ership
.
. ~
I ~c.: .G~~~ .~-1~'Ll+~
! - (Seal)
erald Franklin, General Partner
~ UR
~ /7rf~ /u~lrr~u~r»> f~rrf~~~rr~l 1~~': RALPH FISCH, ESQ. B[~1iK~rVV f'~~,~~
i ~~fr~_„ 549 Pan American Bank Building
~ Miami, Florida 33131 (371-4544)
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