HomeMy WebLinkAbout0120 property are free and clear of all encuiabrances, liens and claims except
aa hereinabove set for~h= that the Mortgaqor, its succ~ssora, assigne
and legal representatives will make such other and further assurancea
to perfect the title to the said land and other property in the Mortqagee,
its successors, leqal representatives and assiqns aa may reasonably be
required; and that Mortgagor does hereby fully warrant the title to all
of the aforesaid property, real and personal and will defend the aame
against the claims oE all persons whomsoever.
PROVIDED ALWAYS, that if the Mortgagor, its successors, legal
representatives or assigns, ahall pay unto the Mortgagee. its successora,
legal representatives or assigns, all oE the claima, liabilities and
obligations due and to become due from Mortqagor to Mortgagee, its suc-
cessors, legal representatives or assigns and otherwise comply with all
of the Mortgage Obligations hereunder and to perform, comply with and
abide by each and every of the stipulations, agreements, conditions
and covenants of this instruinent and make all payments t~ ereunder, then
this Deed and the estate thereby created shall cease and be null and
v~o id .
T'he term "Mortgage Obligations" as used here in shall mean and
include the indebtedness of Mortgagor to Mortgagee, present and future,
arising or accruing by, through or under any and aIl agreements and
instrucaents between Mortgagor~.and Mortgagee and any and all other loans,
advances, payments, extensions of credit, endorsements, guarantees,
benefits or financial accommodations, present and future, granted or
extended by Mortgagee to or for the account of Mortgagor, and any and
all interest, commissin ns, obligations, Iiabilities, .indebtednesses,
charges and expenses now and hereafter chargeable against Mortgagor by
Mortgagee or owing by Mortgagor to Mortgagee or upon which Mortgaqor may
be or become liable as endorser or guarantor and any and all renewals
and/or extensions of any of the foregoing no matter how or when arising
and whether in any present or future agreement or instrument between
Mortgagor and Mortgagee and/or otherwise, as well as the performance
and fulfillment by Mortgagor of all of the terms, conditions, covenants,
provisions and warranties contained in this mortgage or in any note or
notes, whether secured hereby or not, or in any present or future agreement
or instrument between Mortgagor and Mortgagee.
Z'he security of this mortgage may decrease or increase from time ~
to time during the next ten years, but the total unpaid balance so ;
secured hereby at any one time shall not exceed a maximum principal
amount of $3,000,000.00, plus interest thereon and any disbursements
made for the payment of taxes, levies or insurance on the property
, covered by this mo=tgage with interest on such disbursements.
Mortgagor, for itaelf, its successora, legal representatives ~
and assigns, hereby covenants and agrees: ;
;
1. That the mortgaged property described on annexed Schedule '
4
"A" is now in the possession of the Mortgagor, on the locations i
described hereinabove in the County of St. Lucie, State of Florida.
2. That the Mortgagor will fully and faithfully pay, perform
and fulfill all of the Mortgage Obligations with interest thereon `
during or prior to maturity at the rate specified in the inatruments
or documents evidencing the same, and if no instrument or if not so
specified, and from and after maturity, whether by acceleration or
otherwise, at the maximum rate proper and permitted by law.
3. Mortgagor further covenants and agreea with and warrants ~
to Mortgagee: ~
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