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and/or c•~herwi~e~ w~ll• ~s the pc~rfnacm.inc:c ~r ful~illment by ~
Mortgayor oE ~11 tl~c tr_rmt~. condi~iong, covanants. proviefone and f
warranties cont~~inr.~l in thi.s Mori:qage, or in any noto or notea i
whether or not ~ecurcd licreby, ar in any ~rebent or future agree-
~ ment or inetrument bei:ween Mortgagor and Mortg~iye~. Tho security ~
of this Mortgage m~iy decrease or i~creage from time to time during
the next ten (30) yc:ara. but the total unp.aid balance so securPd
hereby at ~ny one ti.me gh~~Il not ex~~ed a maximum princip~l amount
of THREE MILLIOA FIVE HUNDRED THOUSAND and 00/100-----•-----------
DoZlars 3,500.0OO.OQ1, plus interest thereon and any diabursementa
made for the paymant of taxes, leviea o r insurance on the property .
coverpd by thia Mortgage, with interest on such dieburBemente.
3. Mortgagor covenants and agrees with and warrante
to Mortgagee that the mortgayed property described in the annexed
•Schedule "A" i~ now irt the possession of Mortgagor at the ~
location and locationa ahown on aaid Schedule ~
S~a~~ of FZorida. that the Al~rtg~ge Ob].ig~t~.on~ ~re ~~knQw~edged .
~ and declared to be eecured by this Mortgage and th at the Mortgaqor ~
will fully and f~ithfull.y pay, perform and Eulfill all of the ~
Mortgage Obligationa with interest thereon during or prior to ma- ~
turity at the rates s~ec3fied in the instruments or documenta ~
evidencing the same, and if not so specified at one twenty-seventh {1/27):
of one (1%) per cent per day , and fr.om and afL•er maturity, ~
~ wh€:ther by accelerati~n or c~therwise, at t;h~ xate oF one twenty-aeventh ;
. (1/27th) of one (19b) per cent per day. i
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4. Mortgagor further covenants and ac~rees with and ;
warrants to Mortgagee that: s
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~ a.L _ u.~..a..~...~..wA 3
~d~ t~[orzgagor is C11@ J,dWllit tlwiiCi vt a.~ac a-ava a.yc.y..v .
Property and has the sole right and lawful authority to make this ~
Mortgage; the Mortgagea Property and cvery part thereof is free '
~
~ and clear of all liens and encumb~:ances of every kind, nature and ~
' c~e~cription except such liens and c~ncumbrances as apecifically
~
~ stated in Schedule "A" (and if. there be any such Liens or encumbraneee ~
to make timely payments and comply with al.l the terms thereof)t and
Y
` Mortgagor will warrant and defend the Mortgaged Propcrty against
all claims by all per6ons.
- (b) Mortgagor will keep ~hc Mor~gaged Property`
~ free and clear of all attachments, levies, taxes. liens and encum- ~
~ brances of evexy kind, naturc: ~nd description; Mortg3gor, at ita
~ own cost and expensc, will keep the M~rtgaged Pxoperty in a good •
" state of repair and will no~ cominit or permit waste or destruction
o£ the same or any part thcreof and will not be negliqent in the
~ care and use thereoft and M~rtgaqor will not sell, asaign, mort-
~ gage, tr~~nsE~r~, le~se, pl~dye or otherwiae diapnsc of L-he Mortgaged
~ Proper~y without the prior written co~~sent of Mortgagee.
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~ ~ooK 147 159
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