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HomeMy WebLinkAbout2054 . 1 ~ i 1. To pay all and singular the principal und interest and other sums of money payAble by virtue of said promissory note- and this deed~ or either. promptlq on the days respectively ~ the same severally become due. 2. To pay all and singular Lhe taxes, sssessments, levies, liabilities, obligations, and incumbrancea of every nature on said described property, each and every~ and if the same be not promptly paid the said Mortgagee-, h~ ~ heirs, legal representatives or assigns. may at any time pay the same~without wai~~ing 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 ? per cent, per annum. 3. To pay all and singular the costs. charges and expenses, including la~vyer's fees, reasonably incurred or paid at any time by said Mortgagee_, his legal representatives or assigns, because of the failnre on the part of the said Mortgagor, its successors, legal represent~tives or assigns, to perform, comply witL and abide by each and every the stipula- tions. agreements. conditions and covenantg of said promissory not~. 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 aum not less than ~ ~ full insurable value ~x~, in a company or companies to be approved by said Mortgagee_. and the policy or ~ policies held by and payable to said ~ Mortgagee___, ,h,~~heirs, legal re resentatives or assi ~ p gns, and in the event any sum of money becomes payable nnder auch policy or policies, the Mortgagee_, his he~, ~ legal representatives or assigns, shall have the option to receive and apply the same on account I of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part I ~ thereof for other purposes, ~vithout thereby ~aiving or impairing any equity. lien or right ~ ~ under or by virtue of this mortgage. and mar place and pay for such insurance or any part ~ thereof without waiving or affecting the_ option to foreclose or any right hereunder, and each ~ and every such payment sha11 bear interest from date at the rate of_Z__per cent per annum. i 6. 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 erery the stipulations, ugreements, conditions and covenants in said promissory note`, and in this deed set forth. 7. If any of said sums of money h~rein referred to be not promptly and fally gaid i within 30 days next after the same severallq 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 tvith and abided by, the said aggregate sum mentioned in said promissory note- shall become due and payable forthwith or there- , after at the option of the Mortgagee-, his heirs, legal representatives or assigns, as fully and completely as if the said aggregate sum of_~if~~-nine thousand and no/100--- dollars were originally atipulated to be paid on such day, anything in said s promissory note- or herein to the contrary notwithstanding. ;'n~.',, h~T WITNESS WHEREOF, the said party of the first part has caused these ~ .J, `L ~ . - presents to be signed in its name by its , (Corporate President, and its corporate seal to be affixed, - . - ~ ' ~ (,Seal) . attested by itq Secretary the day : • _ 1 ' / . ~ and year above written. -=~'f/- Atti~t f ' ~ ~ acrc •iark~ , Secretary. , . Signed, sealed and elivered in the presence of : TREASURE COAST RUSTP FING, INC. ~ / ~ ~ ~(.,G~tCL~2 - . ~~i~ Lt i By '~)~~lB ~ ~~`~;J"l2-`-. , Thomas C . Larson, President. ~ ' %%i~s INS//IN!!f/l/ f~r~`~rtr~i/ `~r T+'+:~ t~IctRU~tEfiT AREP.•,RED BY 4AM21~ ~~j~~~~ 1~1~1rr_« ~F-.4c~LES R. p. oVYn B:". ~:V V . F ~ r ~ • ~ • 3 C : ~ Gr.r ST. r ~ . ~~OHIDi~' 3drb0 ~ ,k < ~r ` . . _ . . . . . a.