HomeMy WebLinkAbout0822 corveying, assigning, tsanaferring and confirming unto Mortgagee
the praperty and rights hereby conveyed or assigned or intended
now or hereafter so to be, or which Mortgagor may be or may here- ~
after became bound to convey or assign to Mortgagee, or for carrying
out the intention or facilitating the performance of the terms of
this Mortgage, or for filing, registering or recording this Mortgage
snd, on demand, will execute and deliver, and hereby authorizes
Mortgagee to execute in the nenne of Mortgagor to the extent it may
laafully do 80, one or more financing statements, chattel mor[gages ,
or camparable security instrumenta, to evidence more effectively~the
lien hereof upon the personal property.
Section 1.03. (a) Mortgagor forthwith upon the execu- -
tion and delivery of this Mortgage, and thereaFter from time to ~
time, ~ill cauae thia Mortgage, the Building and Construction Loan
Agreement and eny security inatrunent creating a lien or evidencinQ
the lien hereof upon the personal property and each instrunent of
further aseurance to be filed, registered or recorded in auch
manner and in such places as may be required by any preaent or
future Law in order to publish notice of and fully to protect the _
lien hereof upon, and Lhe interest of Mortgagee in, the mortgaged '
property.
(b) Mortgagor will pey all filing, registration or
recording fees; and all eapenses incident to the execution and
acknawledg~nent of thia Mortgage, any mortgage supplemental hereto,
any security i~struoent With respect to the personal property, and
any instrument of further aseurance, and all federal, state, county
and municipal stamp ta~cea and other taxes, duties, imposts, assess-
ments and chargea arising out of or in connection With the execution
and delivery of the Note aecured bereby, this Mortgage, any mortgage
supplemental hereto, aay aecurity instruQaent with respect to the
personal property, or any instrument of further assurance.
Section 2.04. Mortgagor will punctually pay the princi~
pal and interest and all other s~s to become due in respect of
the Note ~ecured hereby at the time and place and in the menner
specified in the eaid Note, according to the true intent ar.d mean-
ing hereof, all in any coin or currency of the United States of
lymerica ~+hich at the time of such payment shall be legal tender for
the payment of public and private debts.
Section 2.05. Mortgagor, if s corporation, will, so long
as it is o~mer of the mortgaged property, do sll things necessary
to preeerve and keep in full force end effect its existence, fran-
chiaea, rights and privileges ae a business or stock corporation
under the lars of the state of its incorporation and will caaply
vith alI regulations, rules, ordinances, statutes, orders and
dacreea of any governmental authority or court application to
Kortgagor or to the mortgaged property or any part thereof.
Section 1.06. A1Z rigt~t, title and inCerest of Martgagor
in and to all extensions, improvements, betterments, renewals, sub-
stitutes and replacemente of, and all additions and appurtenances to,
the mortgaged property, hereafter acquired by; or released to,
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~;~215 ~~0
B~CK P~G:
WILLIAMi. lALOMpH, KANNCR !C DAMIAN, ATTQRN[VS AT LAW, OuPONT BUIL~INO, MIAM1, FLORIOA
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