HomeMy WebLinkAbout0597 The total amount of indebtedness secured by this Mortgage shall not~exceed = 12,~5~.00~.~
Mortgagor fully warrants the title to said land and will defend the same agalnst the ,
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lawful claims of all persons whomsoever, and agrees:
1. To make all payments required by that note and this mortgage promptly ~
when due. ~
2. To pay ail taxes. assessments, 11ens and encumberances on that property
promptly when due.
If they are not pranptly paid the Mortgagee may pay them without waiving the
option to foreclose, and such payments, with interest thereon from the date of payment
at the same rate as specified in that note, shall also be secured by this Mortgage.
3. To camiit, permit, or suffer no waste, impairment or deterioratio~ of
the mortgaged property.
4. To pay all expenses reasonably incurred by the Mortgagee because of fail-
ure ~f the Mortgagor to comply with the agreements in that note or this Mortgage, in-
cluding reasonable attorney's fees and title searches. The cost thereof, with in-
terest thereon from the day of payment at the same rate as specified in that note, ~
shall also be secured by this Mortgage.
5. To permit no assumption of this Mortgage wlthout the prior written con-
sent of Mortgagee.
6. If any payment provided for in that note is noi, paid within 30 days after
it becomes due, or if any agreement in this mortgage other than the agreement to make
the payments is breached, the entire unpaid principal balance of that note shall im-
mediately become due at the option of the Mortgagee and Mortgagee may foreclose this
mortgage in the manner provided by law, and have the mortgaged property sold to ,
satisfy or apply on the indebtedness hereby secured.
7. The rents and profits of the mortgaged property are also hereby mort-
gaged and if proceedings to foreclose this mortgage shall be instituted, the court
having 3urisdiction thereof should appoint a receiver of the mortgaged property and
apply those rents and profits to the indebtedness hereby secured, regardless of the
solvency of the Mortgagor or the adequacy of the security.
8. Neither Mortgagor.nor any party liable for the indebtedness secured hereby ~
shall be required to pay interest in excess of the rate allowed under the laws of
the State of Florida. The intention of the parties is to conform strictly to the
usury laws, and it is agreed that any contract for interest secured hereby shall be
subject to reduction to the lawful amount.
~ IN WITNESS WHEREOF, the Mortgagor has hereunto set his hand and seal the day
i and year first above written.
,
~ Signec~. ealed and Del vered
~ in e e uf • ~
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s W tnesses to t e ortgagors
.
STATE OF ~14 A ) SS
~ COUNTY OF ~ (,re~~ )
~ I hereby certify that on this date, before me, a Notary Public duly authorized
~ in the State and County named above, to a e.akn ledgements, personally appeared
~ K s~ C'. .~~~e ~
~ to me known to be the person or persons desc bed as rtgagor n and w o execut t e
~ foregoing mortgage and acknowledged before me the execution of same.
~ Witness my ha and of icial seal in the county and~tate named above this
~ ~day of ~ , 19~.
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=.~1fS ~1"~1@~,Qprepared by: - ctE~~: ;JIT COURT
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