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1. To p~?y ~11 snd ain~ulu the principal and interest and other suma of money payable ~
by virtus o! aAid promiesory note._ and thia deed, or either. promptly ~n the days reapectively
the a~me aeverslly become dne. ~
2. To psy all and einQular the tszea. assessmenta, levies, liabilities, obli~tiona, snd ~
incnmbnncea oi every nature on said described propert~y, eacb and every, and i! the same
ba not prnmptly ps?id the asid Mortgs8ee~.. ~~e~, legal representstives or sesigns, , s
may st any time pay the same without waiviaS or affectin8 the"option to iorecloae or any right
hereunder, und every payment so made eht?11 bear interest tmm the date thereot at the rate
at ~ --per cen~ per annom.
3. To pay all and aingnlsr the coste, cbarges and espenses, including lawyer'a ieea,
reasonably incun~ed or paid at any ttme by aaid Mortgagee s, tl'ieir teg~] ~preaentatives
or asaigns, becaase ~f tt~e failure on the part of the said Mortgagor, i~s encceesora, legal
representa,tives or aasigna, to pertorm, comply with snd abide by each and every the atipuls• `
tiona, agreementa, conditiona snd covenante of said pmmissory noter ~nd t,~ie deed, or
either, and every euch payment shall bear intereat from date at the rate oi per
cenk P~ ~ ~
. ~ - - ~
To keep the bnildin8s now or here ter on said land insured in s aum not lesa than i
~ - ollara, in a compa~? or companiea
to be appro by esid Mortgsgee_._, ~?nd the policy oliciea held by and payable to said ~
;
Mortgagee_, eira, legal representatives or and in the event any sum o! '
,
money becomea pa le under snch policy or policiea, the Mo gee_, he~, €
legal representativee or 'gna, ahall have the option to receive an ply the same on accoun~
oi the indebtedneaa hereby cnred or to permit the Mortgagor to recei nd nae it or any part ~
thereof for other purposea, out thereby waivin8 or impairing any eq lien or rlght ~
under or by virtue of tbia mortga and may place and pay for snch insuranc r any part ~
thereoi witbont waiving or aifecf:ing e option to fo~eclose or any right hereander, d each +
and every such payment ahull bear inte m date at the rate of per cent per ann .
6. To permit, commit or suffer no waste, impairnaent or deterioration of $aid property
or any part thereof. :
,
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6. To perform, comply with, and abide by each and every the atipulations, agreementa, ~
j conditions and covenants in said promissory note-., and in this deed set iartb. . ~
, ~
If any of said sume of money herein referred to be not prnmptly and fnlly paid ~
~tb;,, 90 daya neat after the same severally become due and payable, or ii each and
every the stipnlatione, agreement~, conditions and covenants of said promisaory note_ and ,
~
thie deed, or either, are not fnlly performed, complied with and abided by, the eaid aggr~egate ~
sum mentioned in said promiseory not~ shall become due and payable forthwith or there- _
atter at the option o! the Mortgagee~, their heira, legal representatives or asaigns, as ~
fully,.~ ,co~~~ly as if the said aggregate sum of ~ ~
o`U~ were originally atipnlated to be paid on snch day, anything in said
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~ ~ ~or herein to the contrary notwithstanding. ~
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-IN ~~[T~ WHEREOF the said of the first srt bas caused tbe~e
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- • o-.-• s presents to be signed in its name by itA
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~ J'• attested b itA Gecretary the day
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and year above written. ~
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Atteat • ~
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Signed, sealed and delivered e presence • E~ ~RDS' AERODROME INC. :
/ -
By ~ .
. , ? President. :
~
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_ I7iis hcqrnuicnl rr md h:John Edgar ~herrard ~
P v~ y
302 South Second Street, P.O. Box 4412 600K~~J~ P~6E~~,
Fort Pierce, Florida 33450
I' I'~ ~ P._"
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