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l. To pay all and singular the principal and interest and other suma of money payable
by virtue o! said promissory note_ and this deed~ or either~ prompUy- on the days respectively
the eaane aeverally become due. ;
2. To pay all and aingular the tazes~ asaeasnients. leviea, liabilities. obligationa. and ;
incumbrancea of every nature on eaid described property, each and every~ and if the same ~
be not promptly paid the said Mortgagee s, t he i r heira, legal representatives or assigna. '
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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 thereof at the rate - ~
o! ? per cent, per annum. t
3. To pay all and singular the costs, charges and expenses~ including lawy er's fees.
resaonably incurred or paid at any time by said Mortgagee S, t he i r ~~g81 representatives
or assigns, becauee of the failure on the part of the said Mortgagor, ita auccessors, legal
representatives or assigns, to perform. comply with and abide by each and every the atipula- ;
tions, agreementa, conditions and covenant8 of said promiasory note- and this deed, or :
either, and every such payment shall bear interest from date at the rate of ? per ~
cent, per aanum. ~
4. To keep the buildings now or hereafter on said land insured in a sum not less than
One hundred and forty thousand ($140 , 000 nollara, in a company or companies i
to be approved bq said Mortgagee~, and the policy or policies held by and payable to said
Mortgagee S., _ t he i r heirs, legal representatives or assigns, and in the event any. sum of
money becomes payable under such policy or policies. the Mortgagee~, thei r heirs,
legal representatives or assigna, ahall have the option to receive and apply the same on account
of the indebtedneas 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 equity, lien or right
under or by virtue oi this mortgage, snd 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 auch papment shall bear interest from date at the rate of~~per cent per annum.
~ 6. To permit, commit or suffer ao waete, impairment or deterioration of said property
¢ or any part thereof. ~ .
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6. To perform, comply with. and abide by each and every the atipulations, agreements~
~ conditions and covenants in said prnmissory note-, and in this deed set forth.
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~ 7. If any of said sums of money herein referred to be not promptly and .fully paid ~
~ with~n 30 days next after the same severally become due and payable, or if each and ~
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~ every the atipulations, agreements, conditions and covenants of said promissory note- and
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~ this deed, or either, are not fully performed, complied with and abided by, the asid aggregate
~ sum mentioned in said promissory note- shall become due and payable forthwith or there-
~ after at tbe option of the Mortgagee S, their heirs, legal representatives or assigas, as
~ fully and completely as i! the said aggregate sum of One hundred and forty thousand
~ ($140 , 000 .)dollara were originally atipulated to be paid on auch day. anpthing in said
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~ promissory note- or herein #o the contrarq notwithstanding.
~ IN WI WHEREOF, the said party of the first part has caused these ~
- ,(~;/En,oR~ CoRp. presents to be signed in its name by its
v~ r/. r.e« .
(Corporate ~President, and its corporate aeal to be affixed,
- (Seal) attested by its ~ecretaiy the day
\ . and year above written.
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Attest : ~
- Secretary.
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- Signed, sealed and delivered in the presence of : .
<g /
j 4~s-c-~~ LZ UQ.v1 ~1Q'.~~ gy
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~ C~ - President. ;
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~t(.~ ~ CL2~~,c~ ~
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9~ 240
= 77u~ I,rs~n~~,~r~rt f~r~~~~rrr,l 1~?~: Robert A. Van Natta, Attorney at Law
206-B South Indian River Drive, Fort Pierce, Florida.
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