HomeMy WebLinkAbout1905 . I
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aud prrfwn~ at the Mo[t~i ~gors~ ow~ c:pease, sueh npsirs and ma'~atrnance arMortgagce may fram tinx m cime n~quire, hlurt~;agoe ~
k~iag hcrcbf• m.1clc the so~C jud~e 'of c1~ r~ecasity cl~ue~oi. :~itbQut ~limitina thp benenliqr of the fotcgoin~, che Mata,bors ~4a11
cau.c ~l! such.buildingi to be psinttd noc Iesi ofteh'tltiui oizcC w evet)?. ~h~year period. ' ' .
6. ln ihe eveni El~ie ~o'rt~a'adis sh~11'~a~ t~~eefrnQly~~vitli aent`eo~dne-oa+aibed in. Wnb~l~ Z• o~ f hee~of~ Mor~~~et
may (buc s6aH ha.e no oblig,ian'`co) ~e~fonh y'ttch eo~ensnr ou• bdaif of the lNo?taaaws aac! the fuU amouac of everp p~Yn~ent
mack by Mortgag~oe ia such ~b~nects'on ~hatl~bqr iticieraCat'.tbe eate af=10;i, pa anaum-from che daa so ptid and sh~U be sccund
by :he !KR od ~ mo:cga~e. : lf `Monaa~! ~lt ~efana~ aeyr. eoueewac ~~wnaiaed i~ p~raaraeh s, Mw~Bagee nuY sdd w such pa -
ment a fee equal to 100'~; oi itich~ payminY for Mbct~a~'t+~~tii~t~~i~ arraogioa :uch perforn?ance. Mo~cgaga shall abo luve ~
opta~ eo eHecc 6re and exce~ coveragt ~unuet dA'a~Y`amo~mie il~~'icia?t fr'ow? wae co time co dischu~te chi: mwcgagc aad the
note securcd bercby and tl~e Mortgal~ ~}~ij! ;l~iet~! i~lr'dF ~q s~e~+i~syn~'•otMrlc~a inurast in such dis~h.ugr. q?a1 the
full amou~c of every payaaeac rosdc b~? A/orc~aaarfor iach~iru~rfaoE ~ha]I beat inaetsk at'ihe rue of l0!:~ psr :u~num ftotn clrc
J~tr ~u paid and shall bt secund br tl~e lien of : tlas' h~onc~~~e: '
7. That (a) in the event vf~arry breach of this mo~tgsgf o~ :a1y'of the terms hertof or defaulc on the part o4 ttie Mortgagors,
ur (b) in the evenc my s~ans ot money refured to hertin be• not promp~lr and fully paid u che same bcconx du~ and pa~•abk, or ~
(c) in the event uf defaule in the payments under aid peom~ssory note; thrn, if any of such defaults shall continue tor a periocl (
of l0 days, clx principal snm aet out in said promissory +~te chen rc+~ninina unpaid, ~nd aN moa~en se~u~eJ IxRby, ~hall brconx and j
t~ i~tmcdis~ely dur aLd payabk ~c eheop tion of Mortgagee writhout notice o~ demand (which are hertby ra~presslp waived), and this P
nwrtgage niay ht f.~ncbstd w~ith all rights and renxdia aNorded br che law~s of Fbcida. inctuding the a{+~+ointmrn~ of a rtcciver, if
applied for by Mortgagte. In the evedt that Mortaages shall declue th principal sum set out in uid prorni~o~y note thrn rrn~ain-
ir,g ux~uiJ, and aU nwneys seeund herebr. immediately due andp~ yabk. the Mortgagors shall ~mm~d~~~dr wr, to Morcgagoe an
amount tqu~l to ti~c snwunt at v~hich this oote tould then lawrfully be pnpaid plus any othrr moneys srcured hercb~.
S. ?Vo Jclay by Mon~gar in cxercisia~any right or remedy hereunder shall operaee.u a~raiver tMerrof or precludr thc exe~ciA
cher~vf durin~ .the rontinuanee o! any ~kfau~t hereunder. No ~raiver by Mortaaget of any de4ault shal) cwuc~tuie a'..aivcr of ~or
canscnt co subx~quent dcfaulcs. ~
9. This nwregage and cbe note secured hereby constitute a Florida contraet aad shall be coastnud according to the iaws of thae
~cace. The MonFagors hereby w~aive all homestad exempcions grantcd by che Cautitution and Lawn of Florida..
77~e coveoants and agreements contained in this mortgage shall run ~rith tl~e land and bind Mortgagors, the heirs, peraona~
rep~csnitstiva, succtssots aad assiRns of Mongagors and all subsequent o~rners, encumbnneers, tenant: and subtenanu of c1x prem-
ises, and shall emire to thc benefic of the Mortgag~x, the succasors and usigns of Mortga~ee and aU subsequent holders `of='thu
morca,age: . . . ~
' A1 ~ `1f~~~~ ~ - 1
: ~ ~J j•~1f . tbt 1NO[tRa~ora have executed tnis msirwuc~it uu~icf Sc'ii vo i:.C.: r:.~ .«.S j» - ~ ;i=_~." ~
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t . ' . 1- t'. t° ~ i r: t~ S'.'fE.'
$1g~t~. ~?qd ~e}l~ttt~ - • - - . . . _.t' ~
i~_che~rs~eace of: - ' • . . _ . ~ . . . . ~
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covxrY ox ~.~r- ~-~r~i~. u•. - Early Lee, Feby , ~ 9
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~y~,~~,~,~ Lela ~eb~ Kni~Iton, a/k/a LeZa~ ~ KnighTtori a}k~~ - ~
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j+pl a(',i l rhr-i Qt ~ a 1•ridoi,r ~nd Ea ~,y Le~ Feby. Y`~er S021 !
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co me wdl ~nowrn and know~n to me to be tl~e individua!_...5 dacribed in 3nd wbo eucuted che foregoins instrument, aed acknowl~ ;
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~ edFed before nx chac.--~r2:S.'~- .T_e:ecutod tbe ume for the purpose therein tapressed.
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WITNF,SS m~ 1i~d and oa6c~19aI ih~: 15th ~ a,r of Se e.mbe 1~16~~ -
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.o,,., ~o,.,., . - CLERK.ClRCWT COURT - ~ - ~
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