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l. To pay all and aiAgular the principal and ~interest and other aums of money payable
by virtue oi said promissory note- and this deed, or either. prumptly on the days reapectively
the same severally become due.
2. To paq sll and sin8ular tbe taxes, assessments~ levies, liabilities, obligations, and
incumbrances of every nature on said deacribed prnpertY. each and every, and if the same
be not promptly paid the said Mortgagee.~, ~hp~--~'e~• legal representatives or asai8~na,
may at any time pay the same without waiving or affecting the option to forecloae or any`right
hereunder, snd every payment so made sball bear interest irom the date thereof at tbe rate
of~5
per cent~ per annum.
3. To pay all and ain8ular the coats, charSes and eapenses, including lawyer's fees,
reasonably incurred or paid at any time by said Mortgagee~, their 1ega1 representativee
or aasigns, because of the failure on the part of the said MortgaSor. iffi euccessora. legal
representatives or assigna, to perform, complp with and abide by each and every the atipula-
tions, agreements, conditiona and covenanta of said promissory note_ and this deed, or
either, and every sucb payment aball bear intereat frnm date at the rate oL 15 Per
cent, per annnm.
4. To keep the buildinga now or hereaf ter on said land instu'ed in a sum not less than
-Dollara, in a compsny or companies
to be approved by said Mortgagee._, and the policy or policiea beld by and payable to said
Mortgagee-., heirs, legal representativea or assigns, and in the event any aum oi
1~eir8,
money becomea payable under such policy or policies, the Mortgagee.-,
legal repreaentatives or ssaigns, ahall have the option to receive and apply the same on account
of the indebtedneas bereby secured or to permit the MortSagor to receive and nse it or any part
thereof for other purposes, ~vithout thereby waiving or impairing any equity~ lien or rigbt
under or by virtue of tbis mortgage, and may 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 shall bear interest from date at the rate of per cent per annum.
b. To permit, commit or suffer no waste, imPairment or deterioration of eaid propertY
or any part thereof.
~ 6. To perform, comply with, and abide by each and every the stipulations, agreements,
; conditions and corenants in said promissory note.-, and in this deed set fortb.
f
7, If any of said suma of money herein referred to be not promptly and fully paid
within 15 day
s neat after the same severally become due and payable, or if each and
every the atipulations, agreements, conditions and covenanta of said promissory note- and
this deed, or either, are not fully performed, complied with and abided by, the said aggre8ate
sum mentioned in said promissorq note._ aball become due and payable forthwith or there-
after at the option of the Mortgagee their heirs, legal representatives or assigns, as
r~LmQC~t• g TMDRFD and no~7 00
fully and completely as if the said aggregate sum of~
dollara were originally atipnlated to be paid on such day. anythinS u? said
promissor~+ note-. or herein to the contrary notwithstanding.
t -~~'F . IN WITN~SS WHEREOF, the said party of the first part has caused these
. presents to be signed its name by itn
- , .
~ ~~~~~~Corporate President, and ita corporate seal to be affiaed,
~ ,-,i - ~ r. .
~ r+~ Seal) attested by its Secretary the day
4r I ~ . .
Xry ' . -
r.; and year above written•
~ti: .
~ Attest:
0.i4
Secretary. .
~
LANDI~LARK ~TI~iVE~T ~*t•titc C'[l1Np~NV o[1~
~
~ Sign~d, sealed and delivered in the presenee o:
, , , BROWARD , ~NC .
~ ; -
~ ~~ZL ; By ~
~t RIC 12D F ZBAUM, _ Px'esident---,
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