HomeMy WebLinkAbout2267 1, To pay dl and ainsulu'thb princiPal and intered ns?d other auau oi money payable by vlrtue of wid promisaory note
and such tnrther aum or swau ot tnoney. ii anY. ~s the said psrty oi tbe seoond psrt m~y sdvance to ths part- y oi the _
first p~rt praaptly on the d~y~ reapectively the wme sev~erally beooine dwa.
S. To psy a11 and dn~ular the taxes~ ast~°ents. levies. liubilities. oWig~?tions and eaicambr~nces ot every nsture on
said described ProPorlies, and i! tLe sarae be not pro~npuy P~id the eaid partY oi the ~econd part, ib suoee~ors and aai~ns
msy at any time WY ~~OUi waiving oz aKeetini the option~~ toreclo~e or any ri~ht herennder~ and every pay-
ment so mude ah+?II be~?r interest irom the dste 1?ereod at the rate oi 'L_ percenk Per atu?um.
S. To pay all and dngul~T t1?e eosts. charges and ezpense~. including attorney's fees~ reasonably incurred or paid at sny
time by ssid party oi the second part. ita snoewort,le~a1 rsPresentativea or assjgns, because oi t1~e f~ilun on tM pnrt of the ssid
part~C- oi the iird part, its suceessors, legal repreeentaNves os aasigns. to Pe~o~• COmply witl~and abide by each
and every sttpulation. agreement. condition and covgnant of qid promi~sorY note sAa this deed. or either, and every snch psq•
ment ahall bear interest imm . date st the rate oi Pex~?t~ Per anuum.
4. To permit, commit~ o: snifer ao aaste, imP+drment or debriontion oi asid propesl~• or MY P~ ~reo~.
6. To Periorm. oomply with and abide by each snd ave ry the atiPnlations. agreemaAts, conditions and Coveasnta in
said pro~aisaory note snd in thi* deed eet iorth.
6. Ii sny oi aaid aums ot'money herein reierred to be not promptly snd tu1lY Paid within 30 days nezt after the
same severaliy beeome dne and, paysble, or if esch and every the stipulatione~ a~reements, conditiona and covenants ot said
prnmissoTY note and this deed, or elther. are not dnly P~ormed, complied with and abided by, the aaid sBgteSate sum men-
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tioned in esid pmmiseory note. ~t»al become dae and payable forthwith~ at the option _of ~e ~ 25 00. 00 1~
succeaaon. legal representatives. or aseiSaa. as iuUy ~nd comPletelY as if tlie said a88~8+?te snm oi '
or the advsnces heretofore referred to was originally stiPulated to be paid an sach dsy. an3?thin8 in said Pmmissory note or _
notea later to be ezecnted and secnred bereby, or herein, to the contrary aotwithstandln8• :
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$25, 000. 00
7. To keep the bn~dings no~w or heresiter on sai~ lands inanred in the smm ~ot less thsn
dollsra in s company or oompsniea to be approved by the esid party o! tbe seeond. psrt, ita aucceaeoi's, legal TePreaentsti~res or
assigns; and in the evea~ anY gnm °i m°ney Pay~?ble nnder snch policy or polieies, the said part}i oi the second part, ,
its saccessors or assigns, sha11 have the option to receive and apply the same on soeount oi the indebtednesa heret?Y sec~re~1
or to permit the partiee oi the tiTSb'i~-~ T~ive and use it~ or any part thereof. for other pntposea. vvtthoat thereby waiv-
ing or impairing any, eqlltitY lien or right under or by virtae of thia mortgage snd msY Pl~ and paq _for snch i~suranee or
any part~thereof withont wsivinB o~3sifeeting the option to foreclose or any riSht herennder and eaeh and every sach payment
shall besr interest at the rate o~ Z Pe~t P~ annum imm date. .
8, In the event it beoomes necessarY to foreclo~e this'mortgage, parties of the first part agree to the appointment of a
; receirer, to coneerve the rents aad Profits securing fmm or deri~ed irom the abone described proPer~Y-
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has ~ hereunto set its h~~ aAd seal the ~
IN WITNBSS WHEREOF. the said Mortgagor -
aay and year first above written. Wayn e Construction Compan~a
a Florida orati
gigned, sealed and delivered 'ue the presence oi: (3EAL)
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