HomeMy WebLinkAbout0612 The total amount of indebtedness secur~d by this Mortgage shall not exceed s 16,a9 6.0 Q
Mortgagor fully warrants the tltle to said land and will defend the same against the
lawful claims of all•persons whomsoever, and agrees: ~
l. To make all payments required by that note and this mortgage promptly
when due. t
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2. To pay all taxes, assessments, liens and.encumberances on that property ~
promptly when due.
If they are not proa~ptly patd the Mortgagee ma?y 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 1n that note, shall also be secured by.this Mortgage.
3. To commit, permit, or suffer no waste, impalrment or deterloration of
the mortgaged property.
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4. To pay all expenses reasonably incurred by the Mortgagee because of fail- ~ ~
ure of the Mortgagor to comply with the agreements in that note or this Mortgage. in- ;
cluding reasonable attorney's fees and t~tle searches. The cost thereof, wlth 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 payme~t provided for in that note is +AO~ paid within 30 days after
it becomes due, or if any agreement ta this mortgage other than the agreement to make
the payments is breached, the entire unpaid principal balance of that note shall tm-
mediately become due at the option of the Mbrtgagee 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. s
7. The rents and profits of the mortgaged property are also hereby mort-
gaged and if proceedings ta foreclose this mortgage sfiall be instituted, the court
having 3urisdiction thereof should appoint a receiver of the mortgaged property and
apply those rents and profits to the indeb~edness hereby secured, regardless of the
solvency of the Mortgagor or the adequacj? of the security.
~ 8. Neither Mor~gagor 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 flrst above written.
Signed, Sealed and Delivered
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~ s W tnesses to t e rtgagers
g StATE OF F~eR
COUN?Y OF s r, E~ SS
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~ I hereby certify that on this date, before me. a Notary Public duly authorized
~ in the Stat and County named above, to take aknowledgements, personally appeared :
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5 to me known to be the person or persons descr bed~as Mortgagor n an w o execut t e ~
= foregoing mortgage and acknowledged before me the execution of same. ;
= Witness my hand an official seal in the county and state named above this r
~ _ j~day of A 19 7~. ;
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