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HomeMy WebLinkAbout1231 . - ~ - 1. To pay ap and singular the principal and interest and other sumo o! neoney payable by virtue of said promissory note- and this deed, or either, promptly on the days rapectiveiy the aame aevsrapy become due. t. To pay ap and singular the ta:ss, assessrnsreta, levies, liabilities, obligations, and enousle- brancea of every nature on said deaeribed property. each and every, and if the aame bs not prompt. ly paid the said Mortgagee,.~S~~s~~ legal representatives or assigns, may at any Lime pay the aame without waiving or affecting the option to forsdas or any right hereunder, and every payment so made snail bear interest from the date thereof at the rats oj__ll_per cent. per arpapn. . s. To pay all and singular the costs, charges and expenses, including lawyer's fees, reason- abIy incurred or paid at any time by said Mortgage s legal repreasntatives or assigns, because of the fas7ure on the part of the said MortgagorsS., their ksirs, Isgal repreasntatives or assigns to perform, comply with and abide by each and every the atipulationa, agreements, conditions and covenants of said promissory Hots and Chia deed, or either. and every such payment shall bear interest from dots at the rats of 11 per cent. par onreum. 4. To keep the buildings now or hereafter on said land inawed in a sum not less than highest insurable value nopara, in a company or oompweiea ~ to be approved by acid Mortgagee.-, and the policy or policies held by and payable to said 1Kort- gagee_~ successors legal representatives or assigns, and in the anent any sum of money baeomea payable gender sreh Pd~y Pd~, the Mortgagee-. successors legal representatives or assigns, shall have the option to receive and apply the soma on account of the indebtedness hereby aacured or to permit the Mortgagors3`. 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 of Chia mortgage; and may plats and pay -for ouch insurance or any part thereof without waiving or afjeeting the option to forsdoae or any right hereunder, and each and every such payment snail bear interact from date at the rate of_11- per Beret. per annum. 5. To permit, commit or auf f er no wools, impairment or detsrioratiorc of said property. or any part thereof. e: To perform, comply with, and abide by each and every the atipielationa, agreements, eon- ~ ~ ditiona and covenants in said promissory note-, and in Chia deed set forth. If any of said soma of money herein referred to bs not promptly and fully paid within ~ ~ ~ Gaya next after the aame aeverapy become due and payable, or~if each and every the atipulatio»a, agreements, conditions and covenants of said promissory Hots- and this deed, or i) either, are not fully performed, complied with and abided by, the said aggregate sum mentioned in said promissory note- snail become due and payable forthwith or thereafter at the option of 4 the Mortgagee-,successors era, legal representatives or assigns, as fuAy and completely ~ a if the said aggregate sum of Ten Tht~and 00/100 $10,000.00) dopers were originally stipulated to ba paid on ouch day, anything in acid promissory note- or herein to the contrary notwithstanding. i f IN WITNESS WHEREOF. the said Mortgagors.., t~1e ~*eunto set thy; r j hands and seal S the day and year first above written. ~ r ~ Signed, and deli in preae»cs of us: ~(S . ,t z . ` - , - r,~ IOi1/I~ rulut ~ d rt~OtMR ~ IAOsiY ilyn J - _ Mr CuMMli~l0li potR~ 11Jt7 ~ IN! ~f.. ` ~ ' Z+... w. r ~ Mt+10t0 rt*1~U tr. rti'~R'VRI1L~ ~ ~ ~ i i~~s/yam ' %%is 1»s~rn» u-,N frnpin,l /?y: this instrument was prepared by ~AAN',/EL ZAIAC, Attorney ' .•~rli~itss 150 S.E. 2nd Ave. Svite 610 ~ l,~ian+i, Fla. 33131 s~ s _