HomeMy WebLinkAbout0638 14. It the indebtednens seoured hereby ie now or hereafter i'urthar aeoured by ohsttel mortgagea, pledgee, oontre?ats of
iareuity, wssiKnment~y ot leases, or other soourities, or if the premiaee hereby encumbered aonsi~tB of wore than oae paecel,
~lortgsgee may rt its uption eah~?ust any une or morei uf said aeourities end the sc+ourity hereunder, o~ euoh paroels ot the
security hereunder, either oonourrantly or ?ndependaatly, and i~ auoh order as ic m.~y decermine.
15. [3pon requeet of Mort~sgor, I~3ortgs~ee may, At 118 SO~A Option, trom time to time betore fnll psyment of a1! indebted-
n~s Aeacured hereby, make further advanoes to Mortgagor; Qrovided, hovrever, thst the toU?l prinaipal eeaured hereby and remain-
iiig unpaid, inoluding wny auah e?dvanoee, shall not ~t ony t~we ezoeed the on'g~nal prinoipal eum seoured hereby. MorlgnQur ahall
execute and deliver to Mortgage~ ~ nots evidenoing erah wd every euoh further sdvanaa ~vhioh Mort{~ugee may muice, suoh
note to be payable on ar betore maturity of the indebtedness seoured hereby uid to vontsin gunh t~rme sa Mortga,~ee shall
require. Mortgn~gor shall psy all auoh turLher advanoee w~ith intereet, and the asme, and eeiaP~ aote evidenc~'c~g the same, ohsll
be seoured hereby. All provieione of this mort.~age she~ll apply to esoh further advsnoe sa ~vell a~ W~?ll other indebtedness
aecnrecl hereby. Nothing herein oontained, however, ahsil limit the axnount aeoured by thie mortgsge d suoh amount is
incressed by a?dvanoee ma?de by Mortga~g~ee, aa herein elsewhere provided tor to protsat the seourity. The word "Mortgag~or" ~
es used in thie paragrsph, inaludee say suoaegeor in ownerehip ot Ghe premieee.
16. No delay by Mor~ ee in exercising any ri~ht or remody hereunder, or otherwise t?tYordeti by law, shall operate ae s
waiver Lhereof or preotude t~e exercise thereof durtng the oantinuanoe of sny dofault hareunder. No wsiver by Mortgt~ee
of any detsult ahsll constitute a a•aiver uf or consent tu subaequent defaults, No [silure of Mortgagee to exeroiee aay option
herein given to acoelerate maturity of the debt here~y secured, no forbeara?nce by Mortgaqee before or stter the eaeroise o[
suoh option and no withdmwal or abandoament ot foreclosure prooeedings by MorLgagee shall be La?ken or oonstrued as a
N~siver ot ite rig}:t to exer~ise auoh option or to aecielerate the msturity of the debE hereby seoured by teason of any past,
preaent or future default on the part ot Mort~agor; and, in like mannar, the procuroment of insursnoe or the payment oi taxea
or other liens or cherges by hiortqagee shsll not be taken or construed sa a waiver of ita right to sooelere?te the maturity of
the debt hereby securvd.
17, Without affecting Lhe liability of Mort~sgor or any other{~,rson (except any person expresaly released in writing) for
pay~ment o[ an4 indebtednoss secured hereby or tor performance of anv oblit;atiai contained herew, and a~ithout aHeoting the
rights of ;~iortgagee with reapect to eny security not expresxly release~ in writing, Mortgsgee msy, at sny time snd fmm tircie
to time, either betore or efter the maturity of seud noGa, And without notice or consent:
(a) Itolease any person lisble for paqment ot ~11 or any part o! the indebtedness or for porfotmanoe of any obligation.
(b) Make any agreement extending the time or otherwise altering the terms oi payment of all or any part of the
indebtedness, or mociifying ur waiving any obligntion, or subordinating, modifysng or otherwise dealing with the
lien or charge hereof.
(c) Exercise or refrain irom ezercising or waive any right l~iortgagee ma~• have.
(d) Accept aclditional security of aay kind.
(e) Itele~asa or otherwise deal with ar?y property, real or personal, securing the indebtecinass, including all or any part
of the pruperty mortgaged hereby.
123. Any agreement hereatter niade by Mortgagor and Mortgagee pursusnt to this mortgage ehall be superior to Lhe r.ghts of
the holder of any inten~eoing lien or encumbrance.
19. Mortgsgor hereby waives sll right of homestead ea~emption in the property aubjeot to thie mortgsge.
20. The oovenants and agteemonts herein contained shall bind and the bene8ts and advantagee shall inure to the reeg~o
ti~~e heira, executors, adminiatrators, suacesaora and assigns of the perrties hereW. Wherever uaed the sing~ult?r number sha11
inolude the plura;, the plurai the singular, and the use ot any gender shsll be ~pplicuble to all ger,3ecs. All covehants, agree-
ments and undertakings shall be joint and several. In the event additional numbered oavenants are for convenience inserted
in ttus mortgnge foliowing the legal desaription, auch additional ocivenants ahe11 be teaci snd given eSect ae thuugh following
thie oovonant in oaasecutive order. ~
Ir1 W~TNF.,SS ~C~, the said Kor ~as set hf,e hand and seal the day
and year first abdve written, ~
Signed, Sea1~d and L~e2ivered in the i t~~)
preset3ce of us ; L. W. ~cott
r
~ . ~ ' ~ (SEAL)
G~ C/ r;ar~~ Fr' :rson Scott
/ ..1 ~ciL ~!_%t.~-....~~
STATE OF FTARIDA )
) SS
CCRINTY OF ;;T. ZLC~; )
I HEREBY C~TIFY that on this day befare me, an nfficer du~y authori~ed
in the County and State aforesaid tQ take acknowtledgments personal7.y appeared
L. ~ti'. ~CG'''T and I~.ARY FR1~'~~C~T cCG1'~, hiG Kife
to me kn~rm ta be the person(s) described in and srho executed the foregoi~.t~g
Mortgage, ar.d ~,hey ackncnrledges~ before me that th~y executed~tti~::~,e~e.',•.
; ~
; ~
WTT~SSS t~r hand and of
ficial seal i,n he Caunty snd St~tte 1{is~J;~af~r~' :
said thi.g ,~-1 ~Y ~ 'yZ~~ ~~'c` unA. D. 191?.f% • i . ~ ~ : - -
• ~ 1 ; 4 .
\ I r-1~
~ .
~Ctary Pu51ic, 5la~e o! ~lorida at Large p C~ a p 'Q~ ~9`:
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My Commisrian Exa:rei P,tarch 19, 1961 ' ~
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