HomeMy WebLinkAbout0206 SP~CTAi., v.O~~GAGE CLAL'S~S: ~
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All pss turas ,:.a:~ces , bui~c:i:~y~ ~..Qyi ••,M-..
:.ac~~sar~ .~.a:.:.~ar.anca practica s:~d in t:~e even~ o~ a7y viola~ioa
:.~~GL:.c~r t: a.:.o: ~ga5aa s:~Q++ 5ive advance writter. notica : ot less
~:G:. ~'r.::rzy ~ 3~ ) days of ~.:~y alleged viola ~ion _ ar.d :~or ~gagor s:~al l
:'.3V8 'tvw.~O:.a~1.8 '~+•~.a ~O ' Cure a: d satis~y t:1lS Y'BC~wires,a:~~ dit@'L said
:.~;,ice.
:.t is hereby w:3erstood a:~d a5:eed by aad between the parties
t;.u;. ;.;.are exists upon all of subject property an underlying, prior,
s::~at:.o~ ::irsz i:?or~y~.y~ ~::2cute~ bj Se'_lers-~.or~gagees unto the
:a~era3 Land Bank o:: Colur:.bia, Mortgage Loan \o. F012009631, recorded
p, R. Book 2T1, Pages 2838 through 28~1., of the public records of
S :,;;c~e Cour.ty, r lorida, in the present balance of SEVEN HL'~'~R:.D
::'.GliSAAD DOLLARS ($70G,000.44) . Tha~ t'~is mort5age shall not be
SL'D~2C~ ~o ;his conveyar.ce nor assL:med by Buyer-Second vortgagor but f
s;G:.~ 'ae t,:a sole respo: sibility o~ the Sellers-Second :iortgagee. ~
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~rovided ~urt.'~er tiia ~ s aid exis ting f irs t rtortgage ann t:~e ~
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-~G~--' =~i:~g r.ote shall noz be slterea, ar?teaded or ;he balance ~
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~;.craas~d or said note ex~apded or :;~odified in any nanner wi~hoL~ ~
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; W~:.~~a: conse: ~ o~ B~;yer-Mortgagor and/or release of land u:~aer
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? ~:.::s :nortra5e fro:a t.~:a force ann e~fect of ar.y proposed alteratio:~ ~
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~x ~ar.s ~a:., ..••r ~?•er advances , e ~c .
~ Sallers-N:or~gGgez herau: der s:zail r,?a~ce all `required naynents ~
~ i
~ c,ke ~::.G2~ said first :
or~gsge of principal a:~d interest or otherwise f
;
u:.c:ar ~r.e ~er:s of said :;ortgage and r.ote.
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- I: ~'r.e even ~ o:. def asl ~ in ar.y ins ~allment of princ:paZ and
~:~ta~es:-. or ot'~erwise dLe ~by Sel2ers-:~•ortgagees under the first ~
~ ,;,o-rtgage and r.ote, ti'.e B::yer-:~ortgagor hereunder, i:~ such ever.~,
~ . .
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{ s;.G~l :~ava W,e ri5:t ~o .;.a:ce nayr.lent of a:~y and a~l sums due ~:n~er
aiu L ` B::yer-
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r, y.a .~rs ortqs5a r.erein +efzrenced, sr.d a s~ P Y~
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v~r ~5agor ~oward t:a f irs t riortgage shall credit pro-rata all sLn~s 1
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~ G;;e s:~cer pu-rc.:ase money secor.c r:.ortgage herein, and shall be a credi~~
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~ and s uch
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- p:o-rata to t:e several second purc
:ase mo :ey mort5a5es, ~
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G P. 235 ~.,~t 205 ,
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