HomeMy WebLinkAbout0487 Abshact & Titie Corp. of Ei~orida
27. It is underetood aad agreed that SMA aay at any tia~e. vithout notice to any .
person, grant to the Mcrtgagor amr indulgencea or forbearance. or any extension
of time for the paysent of any indebtadness ~ecured hereby, or a11oW any change
or changes, substitution or subatitution~ of~any of the property described in
this mortgage or any other collateral uhich say b• held by SMA vithout in any
manner affecting the lisbility of the Kortgagor~ aAy andorsers of the indebted-
ness hereby secured or any other person for the paysent of said lndebtedness,
together vith interest and any other sums which maq be duP and payable to SMA ,
and also without in any manner affectit~g or impairin~; the lien of this Mortgage
and it is also uirderstood and agreed that SMA toay at any time~ withaut notice
to any person, release any portion of the property deacribed in this Mortgage
or any other collateral, or any portion of any other collateral which may be
held as security for the payneat of the indebtedness hereby secured, either
with or without any consideration for such release or releases, vithout in any
manner affecting the liabil~t~Qf the Irbrtgagor, all endorsers, if any, and all °
other persons who are or shall be liable far the payment of said indebtedness, s
and without affecting, disturbirg or impairing in anq manner whatsoever the
validity and priority of the lien of this Nortgage for the full amount of the
indebtedness rPSnaining unpaid, together with all interest and advances which
shali become payable, upon the entire resnainder of the mortgaged property vhich
is unreleased, and without in any manner affecting or impairing to any exteat
whatsoever any and all other collateral security which maq be held by g~p. '
It is distinctly uaderstood a»d agreed by the Mortgagor and SMA that any release
or releases may be made by SMA vithout the consent or approval of any other.
person or persons whomsoever.
28. In the event this Mortgage is a construction mortgage, each of the terms,
covenants and conditions of the construction loan agreeaent executed in connection
with the execution of this Mortgage are incorporated herein as if satd construction
loan agreeaent vere repeated herein in extenso.
29. Mortgagor covenants and agrees that he vill deliver to the Mortgagee every five
years hereafter an inspection certificate that the captioned premises is free
from termites.
30. In the event this is a mortgage on an apartment in a condominium together vith ~ i
appurtenances thereto, the failure of the mortgagor to pay any assessments
required to be paid pursuant to the Declaration of Condominium or to otherwise
comply aith any of the terms, covenants or conditions of eaid Declaration of
Condominium shall constitute a default under this mortgage and the mortgagee may, ,
ai its option, imnediately or thereafter declare the indebtedness sECUred hereby
due and payable.
31. This i~ a purchasa wo~sy fint ~ort~~ga ezacutad for tb• ncpru~ purposs of
sacuring a portion of tha purchsa• p~cice of t6a propsrt~ aec~b~r~d hrrsb~.
IN WITNESS WHE OF the said Mortgagor has caused this Mortgage to be properly '
executed apd sea t he day and year first above vritten.
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S i~e~, ~ea~~9 ~ in ttse ~r~sence cf :
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~ ~ _ f ; ~~r~-r~ (SEAL) ;
y/ ~ Jo . Johnson .
G'.Ci _ ,z~
- FIIE a~ii P s~t~ u~.. ~.n w-,A (SEAI.)
ST.lUC1E ~OUHfY FLA. J' et Jo s n ,
aac~~ ~n~za~s (s~.) '
ClERx c!~:CU11 COURT er~e . o son
aEr,OQ? Yf F IE°~ ~.~.~•1 ~ - -,G ~
[„t~t'4'"''c' ~ i'`'--~c~ )
SEP 7 11 ~tAH'~2 _
,
~ 23'7602
St. Lucie
STATE OF FLORIDA, CaUNTY OF SS
Katherine F. Johnson, a singie adulfi
I, u Notarq Public. certlfy thatJohn E. Johnson and Janet Johnson, his wife and
to me ptrsonall~ k~nown, this day acknov2edged before ~e that theY executed the fore-
Qo~~..mortgagc, and i further certifq th+~t I knov the ~aid peYSOn(s) making said '
.a~ic~ttvle~~qeat to be the individual(s), described in and who e~cecuted the said mortgage. ~
i.~ r ~ ~ . St ie
; ' IN WITNSSS ~iHEREOF, I hereunto set sq hand and off icial seal a Cp tq
~ .,~lorida, this 29th. day of August , A. D. , 19% 72 /
i ~ ~ . ,
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My Co~ai~sion Expires:
' t~lotary lic, State of Florida at Large
6
h ~ Na~ry Vub6c. SWe of f1orW~ st L~?p
~ . BOOK ~Us ~ Wy Cornm,ss;oe Expira Srpt, l. 197!
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