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HomeMy WebLinkAbout2274 27. It is u~deratood aad agreed that SMA ,ay at ary tiae, without notice to any person, grant to the Mcrtgagor aAy indulgeacea or forbearance. or any extension of time for the payoent of any 1Adebtednas~ •~cured hereby. or al1oW any change or changea, aubatitutiott or aubstitutioas of any of the property described in thia mortgage or any other collateral vhich say be held by SMA without in any manner affecting the liability of the Ibrtgagor~ any andoreers of the i~debted- ness hereby secured or amr other peraor for the paysent of said indebtedness, together with lntereat and any other sums which maq be due and payable to SMA , and also without in any manner affecting or impairin~; the lien of this Mortgage and it is also understood and agreed that S~ may at any time, vithout notice to any person, release any portion of the property deecribed in this l~brtgage or any other collateral, or any portion of any other collateral which may be held as security for the paysent of the indebtedness hereby secured, either with or without any consideration for-such release or releases, ~rithout in any manner affecting the liability of the Mortgagor, all endoraers, if any, and all other persons who are or shall be liable for the payment of said indebtedness, and vithout aff ecting, disturbing or impairing in anq manner whatsoever the validity and priority of the lien of this Mortgage for the full amount of the indebtedness renaining unpaid, together with all interest and advances which shsll become payable, upon the entire re~oainder of the mortgaged property which is unreleased, and without in any manner affecting or impairing to any e~ctent vhatsoever any and all other collateral security Which may be held by SMA• It is distinctly understood and agreed by the l~rtgagor and SMA that any release or releases may be made by SMA~rithout the consent or approval of any other person or persons whomsoever. 28. In the event this liortgage is a construction mortgage, each of the terms, covenants and conditions of the construction loan agreeinent executed in connection with the execution of Xhis Mortgage are incorporated herein as if said construction loan agre~nent were repeated herein in extenao. 29. Mortgagor covenants and agrees that he vill deliver to the Hortgagee every five years hereafter an inspection certificate that the captioned pr~nises is free from termites. 30. In the event this is a mortgage on an apartment in a condominium together with appurtenances thereto, the failure of the mortgagor to pay any assessments required to be paid purauant to the Declaration of Condominium or to otherwise comply with any of the terms, covenaqts or conditions of said Declaration of Condominium shall constitute a default uuder this mortgage and the mortgagee may, at its option, i~ediately or thereafter declare the indebtedness s~cured hereby due and payable. 31. This i~ a puschasa ~anq first ~ort~age axscut~d for t6• pcpr~s• purpose of ' ~acuring a portion of tha purchss• price of the propsrty ee~c~ab~rad h~rsbY. ~ IN WITNESS iJHEREOF the said Mortgagor has caused this Nortgage to be properly ' executed and sealed this the day and year first above Written. i ~ Signed, seal and delivered in the presence of: ~ • - (SEAI.) ~ Wi~ liam ax Li y` % , " ,!1 ' - ~1~-~' (s~.) Mattie C. Lindsey tT IUCIE?OUN1~1?Rf~A. S ~S~'~ ROCLF? PqITAAS t~ ~ CIERK C3~;~JIT COURT ~ ~ ~g~,~ RECQfiO VE?, FtF.O..~.,.,~.,,~ ~ ~r 19 II ~1 AN'12 238846 ~ w~~~ STATE~9$ FLORIDA, COUNTY OF n~Y SS ~ ~~;~~s„~iot~rq Public, certify thst William Max Lindsey and Mattie C. Lindsey, his wife ~ ~ ~c~.~~~c~a~ly knowa, this day ackaovledged before ~e tbat they ~ecuted the fore- ~ ~g~ing~mortg. , and i further certify tbat I kaow the said person(s) making said .ac~(1~i6~iarl.ed~~ to be the individual(s) daacribed in and vho rsecuted the eaid mortgage. : ~~p `r. : • : ST. I.UCIE ~.~~=~REOF, I hereunto aet mq hand and of~icial seal at Co ty~ ~~'iorid~;~'thi~~•:-~"~'~6thiaq of September ~ A.D.. 19 72 • ~ G, . tt' - ' ~ ~ ~ i.1 ~ ^ ~ My. Cq.~~~tbii Expirea : ~ Notary Yublic, Stat~, o~ ~'~da at Large 6 Nob~Y P~'~~. Statc ~t lor Absaac't & TiUe Corp. ot Fiorida lsr~- ~ eoo~Zds P~cE2~~ ~ ~t = ` ; _ ' ~ ~ ~ ~ ~ . : ~ -