HomeMy WebLinkAbout1574 2. To pay all and singular the principal and interest and other sums of inoney payable
by virtue of said prnmissory note._ and this deed, or either, promptly on the days respectively~
the same severally become due. ~
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2. To pay all and singular the taaes, assessments, levie~, liabilities~ obligations, and
incumbrances of every natnre on said described property, each and every, and if the same
be not promptly paid the said Mortgagee_, i tg heirs, legal representatives or assigns,
may at any time pay the same without waiving or affecting the option to foreclose or any right -
hereunder, and every payment so made shall bear interest from the date thereof at the rate
of g per cent, per annum.
i 3. To pay all and singular the costs, charges and expenses, including lawyer'a fees,
reasonably incurted or paid at any time by said Mortgagee_, ita ~egal representativea
or assigns, because of the failure on the part of the said Mortgagor~ its successors. legal
representatives or assigns, to perform, comply with and abide by each and every the atipula-
tions, agreements~ conditions and covenants of said promissory note~ and this deed, or
either, and every such payment sha11 bear iuterest from date at the rate of ~ per
cent, per annum.
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4. To keep the buitdings now or hereafter on said land insured in a sum no~ less than
~ nollars, in s company or companies
to be approved by said Mortgagee~, and the policy or policies held by and payabte to said
Mortgagee-, heirs, legal representatives or assigns, and in the event any sum of
money becomes payable under such policy or policies, the Mortgagee,, heirs,
I legal representatives or assig?ns, shall have the opLion to receive and apply the same on account
+ of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part =
~ thereof for other purposes, without therebq waiving or impairing any equity, lien or right ~
under or by virtue of this mortgage, and maq place and pay for such insurance or any part ;
i thereof without waiving or affecting the option to foreclose or any right hereunder, and each
+ and Pvery such payment shall bear interest from date at the rate of $ per cent per annum.
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I 5. To permit, commit or suffer no waste, impairment or deterioration of said property
or any part thereof. ~
6. To perform, comply with, and abide by each and every the stipulations, agreements~ -
} conditions and covenants in said promissory note-, and in this deed set forth,
~ 7. If an af said sums of mone herein referred to be not
Y Y promptly and fally paid
within 30 days next after the same severally become due and payable, or if each and ~
every the atipulations, agreements, conditions and covenants of said promissory note- and -
this deed, or either, are not fully performed, complied with and abided by, tne said aggregate ~ =
( sum mentioned 'ue said promissory note~ shall become due and payable forthwith or there- _
after at the option of the Mortgagee._, ita heirs, legal representatives or assigns, ss -
fully and completely as ii the said aggregate sum of S~ thousaad two hundred fiftv-
eigti~'~ , dollara were originally stipulated to be paid on snch day, anything in said
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ry• ` o~ herein to the contrary notwithstanding. :
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: o ` ~b IN WITNESS WHEREOF, the said party o:f the first part has caused these
f presents to be signed in its name by its
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q q'~ ~~.3 orate President, and its corporate seal to be affixed,
,,,`?Y~ ,~L•~~~,. t(S 1) attested by its Secretaiy the day
and year above written.
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Attest :
~ ~ Secretary. '
Sign sealed and , livered in the presence of: S.A.B. of St. Lucie unt Inc.
itC.- ~ gy ~ .
. . . President.
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