HomeMy WebLinkAbout0606 The total amount of indebtedness secured by this Mortgage shall not exceed ~2 5',2$0.00.
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Mortgagor fully warrants the title to said land and will defend the same against the
lawful claims of all persons whomsoever, and agrees: -
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1. To make all payments required by that note and this mortgage promptly
when due.
2. To pay all taxes, assessments, liens and encumberances on that property
promptly when due.
If they are not promptly paid the Mortgagee may pay them without waiving the
o~tion to foreclose. and such payments, with lnterest thereon from the date of payment
at the same rate as specified in that note, shall also be secured by this Mortgage.
3. To carmit, permit, or suffer no waste, impainnent or deterioration of
the mortgaged property. . •
4. To pay all expenses reasonably incurred by the Mortgagee because of fail-
ure of the Morfgagor 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 without the prior written con-
sent of Mortgagee. •
6. If any payment provided for in that note is not paid within 30 days after
it becomes due, or if any agreement in this mortgage other than the agreement to make
the payments ~s 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 indeb*edness 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 jurisdiction thereof should appoint a receiver of the martgaged 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
i subject to reduction to the lawful amount~.
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~ IN WITNESS WNEREOF, the Mortgagor has hereunto set his hand and seal the day
; and year first above written.
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F Signed, Sealed and Delivered
_ i n the res c of : ~ ,
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Witnesses o t e Mort s
STATE OF F~~ ) SS
COUNTY OF ~ ~ ` ~ )
~ I hereby certify that on this date, before me, a Notary Public duly authori2ed
~ in the Stat and nty na d ovG, to take akno ~edgements, personally appeared
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~Ar~G'~.~' 9~- ~ -
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T to me known to be the person or persons escr bed rtgagor n an w o execut t e ;
- foregoing mortgage and acknowledged before me the execution of same. i
~ ~ Witness my hand aAd ficial seal in the county and state named above this ~
~ ~_day of , ~ ~19 ~3 ,
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~ My Commissiort Expires:
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u- This ~n~~tterr~. pr.~ared by: Ro~f'; ~~i7ROS ti
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