HomeMy WebLinkAbout0303 i
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" 1. To pay aU and ain~ula.r ihe principal and intereat and other auma oJ monay payable by
virtue oJ aaid promiaaory »ote.~ and tAia deed, or eithar, promptly on the days raspectivety the
same aeverally become dtca. ~
~ S. To pay all and ainguiar ths tazea, aaasaamenta, Ievies. liabilitiea, abli~ationa, and enc~cm-
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brances oj every nature on said deacribed property. each and every, arui if the same be not prompt~
!y Paid tha said Mortya~se , his ~eirs, ie~ai repreaentativea or aarip~a, may at ariy ~
time pay the aame without waivinD or a~Jecl~iny the aption to forseloas or any riyht hereuruler, ~
and every paymsnt ao made ahaU bear interest ~rom the date t.i~ereoj at tlee rate of~per -
' cent. per ataNan. ~
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~ 1. To pay alt anc~ aingula.r the coata, elaar~ea and expensea, inctuding tawyer'a ~aea, rtoaon~
a6ly incurred or paid ut any time b~/ aaid Mortgagee~, his 1e~ra, legal repreaentutivea
or cissigrls. because oJ the fa.s~ure on ths part oj the aaid biortgagor~ their k~ra, legal ~
representativea or asaiQna to perform, e:o~ntply ~oith and abide by each and ever~/ tlee atipulationa, 1
agreements. condit~iana and covenanta of aaid promiasory note- and this deed, or either. and i
every such payment ahc~11 bear interest from date at the rate of ten p~. cent. per annum.
To keep the buildinga now or hereaf ter on aaid land i»sured in a sum not teas than i
N/ A »oUara, in a company or companiea
; to be approved by said Mortgagee~, and tlu policy or polieiea held by and payable to said Mort- i
yagee-, - heira, Iegal representativea or assigns, and in the event ~ ~
any sum of money becomea paystible under auch poiic~/ or policiea, the Mortgagee_, ~
heira, legal repr6aentativea or assigns, ah.all have tlae aption to receive and
appIy the same on account oj the indebtedneaa hereby sec:ered or to permit the Mortgagor, to
receive a.nd use it trr ang part thereof for other purposea, without thereby waiving or tmpairin~
any equity, lien or right u»der or-b~/ virtue of thia mortgage, and may place and pa~ for aueh
insurance or any part thereof w:thout waiving or af
f ecting the' opti.~?t to foreclose or any right
hereunder, and each and every such payment ~hall.bear interest from date at the rate of
per cent. per annum.
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5. .To permit, eommit or asef
fer no waate, im~airment or deterioration of said property. or any
~ part thereof.
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~ 6. To perform, compiy with, and abide by each and everl/ the atipulations, agreemettta, con-
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ditions and eovenanta in said ~romissary note-, and in this deed set jorth.
~ Ij anb of said sums of moreey herein referred to be. not prom.~tly and fully paid within ~
~ ten nays next after tht same severally become due and ~ayable, or ij each and every the
~ stipulatimis, a.grsements, conditions and eovenants of said promisaory note_ and thia deed, or
~ either, are not fully perjormed, com~lied with and abided by, the said aggregate sum mentioned
~ in said promissory note_ shall become due and payable jorthwith or thereafter at the option of
~ the btortgagee-, his hoirs, legal re~presentatives or assigna, as fttlly and completely
~ as-i/ ihe said aggregate sum of TWO thousand eight hundred fifty ~ollara saere
~ originall~ stipulated to be paid on sueh day, anything in said promissory note_ or herein to the
c.ontrary ~wtwithstanding.
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IN WITNESS WHEREOF, the said Mortgayors , have h.~reunto $et their 4
~ hand S ~nd seal S the da.y and year first above ' en. ~
F ~'~G~~J ~.cJ • ~
h Signedl sealed and delivered in presenee of us:1 (Seal)
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~ , / ln~ /~;~~rniu, ~rl ~~r~ f~,m,l l>>~: Eugene A. Peer , PEER AND SELMI , CHARTERED
R 2 679 N. E. Dix ie Highway , Jensen Beach , FL . 33457
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