HomeMy WebLinkAbout0236 dy ana nezween La~~u,«ar,~ 1~iVC~~.luaaaa.a ..~...r~..j
? a Florida Corporation, as mortgagor and Hermari ,~ied, as mortgagee).-
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`^f1~t t~lE~ [~1C)I t.C)~(~C)1' 1~~'l ll 1~1~' .11 1 t<l~;( ~ :l'iS~ :i:;llll llta ~ ~Jc~CE-1' 1'ci;:~ S
ar.d ir. c?efault there~f, thr. Mc~i~t.;:tc~c~c :~~:.y ~~:tv tt;~~ salr.e.
That ii def~ult be made in p:~~~~;c~nt ,f t:~xc .~s~cssT..^.:its, cr
insurance oremiums, a:~d i~ t~he clcfault ~=~ntinues ~~r a pcri~c:
a~ ten (10) da~~s, tlie holcier of this m~rtgagc shall have the
right C~ oay st~cr dcfaulte-d ta:•:cs, :~ssessmrnts or ir.surance
nrLmiur.ts, ai1~~ the ari~tints s:~ p<<id with intc:rest thcreor 3t
the r~te of tei~ p~=rc~ rit (1~~':.=) pc:r annum :y be addcd to tt1E-
ind_btedness secured 11ereUy ~nd shall uc a lien on said
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- premises and be c~llected as a part of thc indebtedness
w secured U~~ this m~rtgage and in the cvent of any such
payments oi any ~f said ciefaultcd item:~, this mertgag~ and
thE whole inc~ebtedness securLd thercl.~y shall, at tne option
of the hold~:r ttiereof , with~ut notice or demand , imr.iediately
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bECOme due and payable, although the time limit for the payment
there~f r:lay not have e~~ired and the s~id holder shall havE ~
the sar.t~ ric~hts and remedies as such holder would havE if ;
default .,rerP made in the payments ~f the principal sum sECUred
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~ hereby, anythinq her~in ~~r in said note contained to the
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~ contrGry notwitl~standing.
~ That the ,`•lortg?gor and any sub~,equent owner of the mortgag€d
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~r~~^is~s hcreb~~ aqrc~ up~n d~mand to ~::ecute an estoppel
CCrC3~icatF in recordable ~orm indicating the principal and
irtEr~st due h~r~under, anci failure to cxccut= said estoppEl ;
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certifica~e up~n de~?~I:d sh;~ll cor.stittite ~ default of this
_n~r ~aage .
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