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HomeMy WebLinkAbout2276 to make and perform at the Mortga~ors' owa expease, such repairs and maintenauces as Mort~agee mqy trom time to time require. Mortgagee being hereb~ made We sole iudge ot tl~e Aecessity Werefor. Witbout limitiag the geaerali~j? of We foregoing, tbe Mortgagors shall cause all such buildings b be painted not less ottea thaa once in every three-year period. 6. in the event the Mortgagors shall faD to comp~y with aqy cover?aat contained in paragraphs 2. 4 or 5 hereof. Mortgagee may tbut shall have no obligation to) perforpn such coveaant on behalt of the Mortgagors aad We full amount ot every paymeat made by Mortgagee in sucA coanection shalt bear interest at the rate oi lOqg per annum from the date so patd and shs,ii pe s~ tured bY the lten of this mortgage. It Mortgagee shall pettarm ar4y covenant rnntaiaed in P~Bi'$P~ s. Mortgagee maY add to such payment a fee equal to 100y(r ot fuch pa,yment for Mort~agee's services in arrangin~ such periormance. Mostgagee shall also have We optioa to etiect rire and e~ctended coverage insurance in an amount sui8cient irom time to time to discharge tbLs mortgage and the note secured hereby and the Mortgagors shall ha~•e ao interest ia such insuraace. other than tbeir interest ia such discharge. and the tull amount of every p~ymeat made by Moitgagee fot such insurance sDall bear interest at ihe rate oi 10~ per anaum hom the date so paM aad shall be secured by t6e Uen of this mort~age. 7. That (a) in the eveAt oi aay such breach oi t6is mortgage ar an~y of the terms hereof or deiaWt on the part of tLe MorG ~agors, or lb) in the eveai aqy sums of moaey referred to herein be not promptly aad itil~y paid as tbe same become due and payable. or (c) in We event of default in the payments under said promissory aote; t6ea. it any such defaults sLalt continue for a period of 10 days. We priacipai sum set out ic said promissory note then remaining uapaid. and all moneys sec~n~ed hereby, shall become and be immedtately due and pa,qable at the optioa of Mortgagee without nottce or demand (wl~ich are hereby ea• Press~j? waived), and this mortgage may be ioreclosed with all rlghts and remedies aKorded by the Iaws of Florida. including the appointment oi a receiver. !f applied for by Mortgagee. In the event that Mortgagee shall deciare We princIpal s~at set out in said pramissory note thea remaining uapaid. anti all moneys secured l~ereby. ima?ediate~jr due and peyabde. the Mor~ Sago~rs shall immediately pay b Mortgagee an amount equal to the amouot at which this note could then lawtul~y be prepaid plus aqy dt?er moneys secured herebq. 8. No delay by Mortgagee in exercising aqy right or remec~+ hereunder shall operate as a waiver thereof or preclude the eaercise thereof during the continuance d aqy default hereuuder. No waiver by Mortgagee oi any deisult shall constitute a waiver oi or consent to subsequent detaults. 9. This mortgage and We note seeured hereby coastitute a F1orlda contract and shall be construed according to the laws of that state. T6e Mortgagors hereby waive all homestead exemptioa granted by the Constitution and I.aws oi Florlda. The covenants and a8reements c~otitained in this mortgage s6ari run with the laad and bind Mortgagors. We heirs? Persanal representatives. successors and assigns oi Moa~tgagors and a11 subsequent owners, encumbrances. tenants and subtenants oi We premises, aad shall enure to tbe beaeiit of the Mortgagee. the successors and assigns of the Mortgagee and all subsequent holders oi t2~'s mortgage. IN WITNFSS ~F, the Mortgagors have Pacecuted this instrument under seal on the daq and year Srst above written. Signed, sealed and delivered in the presence oi: 1 SEAL 1 ~ L • a p Zeigler ~s~.? orrie Zeigler ATE OF FLORIDA ~gFAi•) ss.: COUNTY OF _ S~. T. ~_i p~ ~5~~ Bero~ me ~~Aauy ap~a~a _ Harry Zei~ler and Flossie Zeigler, his wife to me well known aad known to me to be the individual~. described ia at~d who executed the foregoing instrument. and ac- know•ledge@ before rne that they executed the same for the purpose therein expressed. • i - - 21st y eb ar ` • ~ WITNESS my hand and official seal t6is da of ' = ; ; ~ . j `:196~~. . oROEO, _ ~ - F~~Ep AND R~p TY, FLA- ~ `~s • - S?. V C1E C~ = e _ , ~ ~ ~ No Public, State af _ . , i ~ _ L r. r ~ ~ ~~n~`'`}~ `1' at I.arge. ~ . ~ " ' _ • C commissioA expires: 01 November 17 19~~`v'~ fj'• '`e ' ~ l~ . ~ ''~~'.,,.~~.:s*''' ~ 9' ~ ,6g ~~R ~~'r . Ra S~ - ' R s ~E N t'() ~j t 1~ O T ANT p ~~NTi1NGiB ~N A~~MF ~LERK IRC O R~G PO APTEaZ072~ pERS0~11,~ ~p OFT ~4 0 Of ~ C/e~ ~CTS OF 19~~R~pE Y. F" H St. C ~IS M. ~ui~ C,~~r 3 O ox ~ ~~S ~ ~ ~ ~ ~ ~ ~ ~ r J~ ~ H ~EPUry CIERK c~i ~ a~ ~ ~ ~ O W a ~ v~ ~ 0 R ~ ~ 800K ~ ~Q PACE ~269 FORM 404-362 ' . ~.r - ~ - ~ > - - ~ : - ~::'4^c" -G- 7i ~~`.4 s-' ' ' ~ ;S~ 5 . - ~~T