HomeMy WebLinkAbout1367 , . . , ~ . . . . ~ .._`l:. 'L'. . .~GE: . . ~..._3:.
,>ti:;, 55 State l~ocumentary Stamps affixed to original note and cancelled,
plus inte~est on past due rentals as therein provided (herein cailed "said Sublease"1; and (b) in the event, i
but only in the event, that Mongagee purchases the P~amissory Note (herein called "said Note"? referred to
in the Assignment of Rents portion ot said Lease (the face amount of said Note aggreyating ~
~
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$ , including p~incipal and interestl if Mortgagor~shall pay to Mortga , at the •
time and in the manne~ provided i~ said Note, all sums owing on said Note; and (c) if Mortga rs/~hall fully f
keep and perform all of the covenants, ag~eements and obligations on the part of Mortgagors~ be kept and
performed under said Sublease, then this Mortgage to be null and void, and to be released at Mortgagors'
expense, othenivise, to remain in full force and effect.
tn the event Mortgagee purchases sa+d Note, then and thereupon, but effective as of the date hereof,
this Mortgage shalt secure the payment of all sums owing or to be owing on said Note, in addition to
securing the payment of all sums to be paid under saic! Sublease, it being agreed that this Mortgage shall
not constitute security for the payment of said Note so long as said Note is heid by the bank named therein
as payee, but shall secure the payment of said Note only in the event said Note is purchased by Mortgagee. '
In case of default in any of the foregoing covenants and agreemertts, or in case of defauli in the
payment by Mortgagors to Mortgagee of any sum the payment of which is secured hereby, Mortgagors
hereby authorize ancJ empower Mortgages, its successors and assigns, to foreclose this mortgage by judicial
proceedi~gs, or to selt said premises at public auction, and convey the same to the purchaser in fee simple~ ,
~ in accordance with the statutes of the State in which the aforesaid premises are situated, and out of the
~ moneys arising from such sale, to retain all sums secured hereby. with interest and all legal costs and charges
of wch foreclosure a~d the maximum attorneys' fees permitted by law, which costs, charges and fees
e Mortgagors agree to pay, remitting the wrpius, if any, to Martgagors.
a
~ No security now held, or in the future to be held, for the payment of any of the indebiedness hereby
~ se~:ured shall be in any way affected, lessened or diminished by the execution of this instrument. All rights,
~ titles, liens or equities held under and by virtue of this mortgage or by other instruments in law or in equity
~ shall be considered as cumulative and not exclusive, Mortgagee shall have the right to proceed under any of ~ ~
~ the rights held by it without affecting any other right, and election to proceed upon one right or remedy
shall not affect any othe~ right or ~emedy, but Mortgagee shaN have the right to exhaust a!I rights and
remedies, jointty or separately, until aN indebtedness owing here;r^~r has been fully paid.
IN TESTIMONY WHEREOF, the said Mortgagors have he~eunto set their hands and seals as of the day
= and year first above w~it n.
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r11fPiA!1~ R~CQ~dE~ T.- L-;•-t+r ' , a ni
_ NOTARV PUBUC STATE Of FlORIOA AT It+~;E ST. ~U~+i "vOUMTr FLA. . at@ t~'f .F 102'~t;3
CO'R'.~i;St~NEXMRES:UN.20,1975 ROC:R?Jt~R~S ~ ~,'t~'-'~
GENERA~ INSURANCE UNOERWRITERS. INC. CIEP,K C~:tGttlT COUAT ~ - .
- RECORt~ YEn3fiE0..~.~
\ it~lUC~f COUtItY flA• ~f . -
~ aocER Po~~
co~T ~ dCT t 4 14 ~H ~ T ~
CIERK C?RCU
- ~ RECORO VERIFIEO~ ~
V Oct 18 10 2o A~'Z 1 21681~i
- ~ BOOK ~c7U PAGE
= z~.~4o~ ° ~ p: l 96 F~.~ _ 1367 . .