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HomeMy WebLinkAboutScan_0130 1iiU " --......... ...........- '--w-vP' ----~ - - . ~- ,.. - - - Attaohed to and forming a part of 'l'ruat Deea dated December 2nd, A.D. 1924, on re.ol The South one half (si) of Lot Two, Section ~leven (11), Township Thirty-five (35 ) South, Range ~orty eaat, in st. Lucie ~OUllty in the State of ?lorida. tl..~ :U estate described as Ruth Austin (Seal) :chn D. Austin (Seal) ~:attie C. Johnson (Seal) Legal owner 8fid holler of netcs. TH3 G~A!;1'CRS, covenant ano. agrce a3 follci1la: (1) to rn:r said indebtedness, o.ndthe' inter- est thereon,. us herein and in said notes provided,or according to any aaree~e~t extendifig, tir.ie of pa~'mont: .(2) to pay, prior to the fit'st uay of Jcly in each j'ear 1;.11 taxes and assessments, against said premises, a~d on de~and, to exhibit roceipts therefor: (3) within S\xty days af~er dcs- truction or damage to rebuild or restore all buildin~s or improveme~t s on said premises that may have been des:royed or canaged: (4) that \'taste to said premises shull not be com:r.itted or suffered (5) that said pre:~ises shall not become lia~le for &ny mechanic's lien, or for an:r lien conflic- ting with, or SUliorior to, the lien hereof; and (6) to keep all buildings et allY ti:ne on said pre~isea insured against loss by fire, lightnin~ and tornadoes, in companies to be appro\cd by the holder, of and in amount at least equal to, said ~debt€dness, and deliver to the holder of of said indebtedness thel insurance policies' :for that amo~:nt, and ir, aodi tior: all policies for insurance in excess of seid indebtedness all so written as to require all loss to b~ applied in reduction of said indebtedness. In the &vent of failure SQ to insure or pay taxes or assess- 1 ments, or to remove any such mechanics' or conflicting or superior lien, the grantee or the holLer of said indebtedness, ffiay procure such insuran~e, or pay such taxes or assessments or remove &ly such mechsnics' or conflicting or auperior lien, or discharge or purchase any tax 1 ien or title affecting said pre::Jises; and all money expended in so doing,. or oti1erwiee expen- ~ed in maintaining the priorit:r of the lien hereof, the grantor ~lree to repa~~meQiatelJ, "itL~ out demand, and the same, with inter~st thereon from the date of pSjLlent at eight per cent per annum, shall be so mueh additional indebte~neBs ~cured hereby. 7he grantee i8 empowered to adjust, compr6mise, submit to arbitration and appraisement and collect and afply to the re- duction of said indebtedness, any claim for less arising under any insurance ?olicy covering said premises; 'and to that end the grantee is irrevccab~y QPpointed the attorney in feet of the grantors for them and in their nawes and stead to execute and deliver such receipts. re- leases and other writings a8 shall be requisit~ to completely accomplish such adjustment,.com- promise;' arbitration, appraisement and collection. In the event of 6 breach of any of the aforesaid covenants or agreements the whole of aaid indebtedneas, including principal and all earned interest, shall, at the option of the legal holder thereof, without notice, become immediately due and payablp-, and with interest 'thereon from the time cf ouch breech, at se~en per cent, per annum, shall ba recoverable by foreclosure hereof, or b:r suit at law, or bo~h the same ae if all of said indebtedness had then ffiat'JIed by expr~ao terms. 9 .~; l 1 I It is agreed by the grantors that all expenses and disbursements, paid or incurred in behalf of complainant in oonneotion with prooeedings for the foreclosure heI~of- including' , . reasonable solicitor's fees, outlays f?r dooumentary evidenoe, stenographer's oharges, cost of procuring or cQmpleting abstract showing the whole tlt1e to said premises - shall ~e paid by the grantors; and the like expenses ano disbursements, oocaoioned by any suit or proceeding . \ V\lJV ~~ wherein the grantee or; anytJ'art of se.id indebtedness, as such, may be a partyehall also be T:i~i" ." .':',~~;~it;~;~1i~~