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1. To pay all snd ain~nlu ths prIncipsl and intere~t and other euma oi moaey psyable
by virtne oi asid promlasory note~ an$'tb~a deed, ot either~ pmmptty oa tbe dsya respect3vely
the asme asverally becoms dne. -
8. To psy all and sin~ular ths tszee, ~aeeeamenta, levies, liabilitlee~ obli~ations, snd ~
incumbriwces oi every nature on a~id descrlbed properly. eacb and every, and i! the asme
be not promptly p~id the aaid MortQa~e~, their t+etrs, Ze~al repreaentativea or aseigna,
msy at auy tinas psy the ssme ~rithout wsiving or aifectin~ the option to forecloae or any right
herennder. and every pa,yment ao made ahall bear intsreat trnm the dAte thereo! at the rate
od~_per cent, per annum. .
8. To pay all snd atn~nlu the coata, chargeg and e~cpenses, inctuding lswyer's fees,
ssaaonably incnrred or psid at iwy ttme by asid Mortgage~, their ie~sl repreeentativee
or aesiSne, becsuae of the failnre on the psrt oi the aaid ]l~ortgs~or, ite ancceseors, legal
repreeentattvee or sssi~ns, !o pertorm, comply ~vith and abide by each and every the stipul~
tiona, sgresnneats, conditions and covenants of eaid promieaory not~ sna t~ aeea, or
either, and every sacb payment ehall beu intereat ilrom date at the rate of
8~_per -
cent, per annnm. ~
.
4. To keep the baildings now or hereatter on asid lsnd inaured in a amm ~ot lesa than
~l the hiahest insureable va lue " g ~ompa~y or companies
to be appraved by eaid Mort,gs~ee`., snd the policy or golicie$ held by and payable to aaid
~o~ge~,~ their t~~, le~al repreaentstives or saeigna, and in the event anyaum oi
money becomea paywble nnder aach policy or policies, the Mortgagee.~, their ue~,
le~sl repreaentatfvea or aaeigas, ahall have the op~ion to recefve and apply the ~e on acconnt
o~! the fndebtednees hereby aecnred Qr to permit the Mortgagor to receive and nse ft or any part~ ~
thereoi ior other Pnrpoees, ~vitbout thereb~ waiving or impairing sny eqait~, lien or right
nnder or by virtne oi thi8 mortgsge, and ms,y place and pay for snch ~naursnce or any part
thereoi wlt,hont waiving or aifectin~ the option to ioreclose or sny right berennder, and escb
and every anch psyment sbsll bear intereat irom date at the rate oi~._per cent per annum.
6. To per~mit, commft or aaKer no waste. impairment or deterioration oi esid property
or sny part thareoi. - .
6. To periorm, comply wfth, and abide by each and every the stipulationa, agreement~,
conditions and covenanta in asid prom~asory note._, and in tbia deed aet forth.
7. I~ an,y of said aama of money herein referred to be not promptly and fnlly psid
~b~ 30 ~y8 n~ ~r ~e ~e severally become dae and payable, or if each and
avery the atipnlations, agreements, conditions and ~ covenanta o! said promiseory note_._ and
thia deed, or ait~?er, are not. fally pertormed, complied with t.nd abided by, ,ths eatd aggregate
anm mentioned in Said prnmieaory not~ ahall become dne and payable forthwith or there-
aiter at the opt~on of the Martgage~, ~e~ ~+eus, legal representatives or asaigna, as
fnlly and complefely as if the eaid aggregate s~m ofSwo Hundred Eiah~y Thousand
and ~?0/100 dollats were origlnslly atipnlated to be paid on auch day, snqthing in esid
promiesory ~ aote_._ or herein to the contrary aotwitba#anding.
IN WITNE33 WHBBEOF. the aaid party ot the ifrat part ha8 ciweed these '
presents to be signed in its name by i+~+
' (Corporate ~ President, and ite corporate seal to be a#fized,
' . (Seal) atkested by it~ Secretsry the daq
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~ r~ . and qesr above wrlttea.
A • - INTRACQ~STAL DTILITIFS CORPORATIO
_ = Secretary' '
. , ~ . . snd delivered in the presence of :
, ~ V-~••' .
r---,
Preaiden~
~ 427 Pac~ 588 _
r~,u f~w~?„~,~~,~ p.~p~n,~ by; ALFRED K: FRIGOIA
Aa~lm~r P.O. Box 177, Marathon, Florida 33050 Q R_~4 ~ ~ O -
i~U~