HomeMy WebLinkAbout1498 1. ` To pay all and singular the principal and interest and other aume of money payable
by virtue o! said promissory note_ and thia deed, or either, promptly on the daya reapectively
the same severally become due.
2. To pay all and aingular the tazea~ asaessments. Ievies, liabilitiea, obligatione, and
incumbrancea of every nature on said deacribed propertq, each and every, and ii the same
be not promptly paid the said Mortgagees_, +~h~; r h@~TB. legal representatives or assigns.
may at any time pay the same without waiving or aifecting the option to foreclose or any right
hereunder. and every payment so made shall bear interest from the date thereof at the rate
oi per cent, per annum.
3. To pay all and singular the costs, charges and expenses, including law3?er'a feea.
reasonably incurred or paid at any time by said Mortgage~, +-hP; r legal representatives
or assigns, because of the failure on the part of the said Mortgagor, iffi auccessors, legal
representativea or assigns, to perform, complq with and abide by each and every the atipula-
tions, agreementa, conditions and covenanta of said promisaory noter and this deed, or
either, and every such payment shall bear interest from date at the rate of per
- cent, per annum.
4. To keep the buildings now or hereafter on said land insured in a sum not less than
full insurable value nollars~ in a company or companies
to be approved by said Mortgagee-, and the policy or policies held by and payable to aaid
Mortgagee_.s, .t~+Pir heirs, legal representatives or assigns, and in the event any sum oi
money becomes paqable under such policy or policies, the Mortgagee~, hP; r heirs,
legal representativea or assigna, shall have the option to receive and apply the same on account
ot the indebtednees hereby secured or to permit the Mortgagor to receive and use it or any part
thereof for other purpases, without thereby waiving or impairing any equity. lien or right
under or by virtue of this mortgage. and may place and pay for such insnrance or any part
thereof without waiving or affecting the option to foreclose or sny right herennder, and each
and every such payment shall bear interest from date at the rate of per cent per anr?um.
6. To permit, commit or suffer ao wsste, impairment or deterioration of said property
or any part thereof. .
6. To perform, comply with, and abide by each and every the stipulations, agreements,
conflitions and cavenants in said promiasorp note_, ~nd in this deed set forth.
7. If any of sai~i sums of money herein referred to be not promptly and fully paid
within 30 days neat after the same severally become due and payable~ or if each and
every the stiputations, agreemente, coaditioas and covenants ~ of said promissory note- and
this deed, or either, are not fuliy performed, complied with aad abided bq, the said sggregate
sum mentioned in said promissory note_ shall become due and payable forthwith or there-
after at the option of the Mortgagee~, thP~ heirs, legal representatives or assigns, as
i fnlly snd ca~pletely as ii the said aggregate aum of
' , , : ~ ~;s; .
~ l~ars were originally stipulated to be paid on such day, anything in said
, t,-..~..;~, ~ ,
. .
~xo~so~q ~i~R,Q,~ or herein to the contrxry notwithstanding.
' . • -
' IN WITNESS WHEREOF, the said party of the firat part hae caused these
' / •~r, t-}•~J I • l ~2.
_:A. ~?1 v~?~ presents to be signed in its name by itQ
. 4 r j~~~Corporate President, and ite corporate sesl to be ~~~3~td;
;~v ~ ~ j:~~'~B
~ (Seal) atteated by itA ~ ~ ' F'
; . , ~ecreta1+y Y • '
'f/':`i,.7 y~ and year above written. an
~ Attest:...., - ~ ~
- SecretarY• _ r :±~;R~ , ;
: ~c ~ . .
Signed, sealed and delivered in the presence of: WOOD EARD ASSOCIAT , ~
~ '•~~i~.,~~~,;.,:~
. , ~ . BY t
- ' ~ ~ - ' President.
~ ~
`
i
; '/lri~ !uJ?nu~rrrr~ f~r~ f~nrrJ 1)~: GERALD S. JAMES r
Attomey at LaN o R z~U 1~c ~
.1~l,Ir~:c~ P. 0. BoX ~ ~:OK F!G~ ~ c ~
; fort Pierce, Ftorida 3345~
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