HomeMy WebLinkAbout0508 1. To pay all and aingular the principal and interest and other sums of money payable
by virtue of eaid promissory note_ and t~ia deed, or either. promptly on the days reapectively
the same aeverally become due.
2. To pay all and singular the tazea, assessraenta, levies, liabilitiea, obligatione, and
incumbrancea of every nature on said described property, each and every. and if the same
be not promptly paid the said Mortgagee._., her heira. legal representatives or assigna,
may at any time pay the same without waiving or affecting the option to foreclose or any right
hereunder, and every payment so made shall bear interest from the date thereoi at the rate
of 9 per cent, per annum.
S. To pay all and singular the coats, charges and expenses, including lawyer'e feea,
reasonably incurred or paid at any time by said Mortgagee-, her tegal representatives
or assigns, because of the failure on the part of the said Mortgagor, its euccessors,~ legal
representatives or assigns, to perform, comply with and abide by each and every tDe stipula-
tioa~. agreementa, conditions and covenanta of said promissory note- and this deed, or
either. and every such payment shall bear interest from date at the rate of 9 per
cent, per annum.
4. To keep the buildings now or hereafter on said land insured in a sum not less. than
not applicable nollars, in a company or companies
to be approved by said Mortgagee-., and the policy or policies held by and payable to said
Mortgagee-, ~+eirs, legal representatives or assigns, and in the event any aum of
mon~ey becomes payable under sach policy or policies, the Mortgagee_, ~+eirs,
legal representatives or aagi8~ns, ahall have the option to receive and apply tbe same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it or any part
thereof for other purposes, without thereby waiving or impairing any eqnity, lien or right
under or by virtue oi this 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 intereat from date at the rate of per cent per annum.
5. To permit, commit or suffer no waste, impairment or deterioration of said property
or any part thereof. ~
~ 6. To perform, comply with, and abide by each and every the atipulations, agreements,
~ conditions and covenants in said promiasory note_., and in this deed set forth.
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~ 7. If any of said sums of money herein referred to be not pra~mptly and fully paid
Q within' 30 days next after the same severally become due and payable, or if each and
~ every the atipulations, agreements, conditions and covenants of said promissory note- and
this deed, or either, are not fully performed, complied with and abided by, the said aggregate
sum mentioned in said promissory note_ ahall become due and payable forthwith or there-
siter at the option of the Mortgagee-, her heirs, legal representatives or assigns, as
fully and completely as ii the said aggregate sum of eighteen thousand .
dollara were originally stipulated to be paid on such day, anything in said
~ promissory note- or herein to the contrary notwithstanding.
IN WITNE.SS WHEREOF, the said party of the firat part haa caused these
~~j p~ presents to be signed in its name by its
~
~ 6 E A I. (Corporate President, and its corporate seal to be affiaed, s
~ (Seal) attested by ita Secretary the day ;
~ and year above written.
~ Atteat: ~ 3ecretary.
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~ Signed, aealed and d'v~e~ the presence of : FORT PIERCE HELLENIC ASSOCIATZON `
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~ ~ , ~1 President. -
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