HomeMy WebLinkAbout0615 The total amount of indebtedness secured by thfs Mortgaqe shall not exceed =
23_,700.pp
Mortgagor fully warrants the~tltle to~said land and will defend the same a9ainst the
lawful clalms of all persons whomsaever, and agrees:
1. To make all payments requlred by that note and this mortgage promptly s
when due. ~
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2. To pay a11 taxes. assessments, liens and encumberances on that property ~
promptly when due. ;
If they are not prompt]y paid the Mlortgagee may pay them without waiving the ~
option to foreclose, and such pnyments. with interest thereon fran the date of payment ~
at the same rate as specified in that note, shall also be secured by this Mortgage. ;
3. To conmit, permlt. or suffer no waste, impairment or deterioration of ~
the mortgaged property. ~
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4. Ta pay ail expenses reasonably incurred by the Mortgagee because of fail- ~
ure of the Mortgagor to camply with the agreements in that note or this Mortgage, in- ~
cluding reasonable attorney's fees and title searches. The cost thereof, with 1n-
terest thereon from the day of payment at the same rate as specified in that note, ~
shall alsa be secured t,y this Mortgage. ;
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5. To permit no assumption of this Mortgage without the prior written con-
sent of Mortgagee.
6. If any payment provided for in Lhat note is not paid withfn 30 days after
it becanes due, or if any agreement in this mortgage other than the agreement to make i
~he 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 i
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
havfny 3urisdiction thereof should appoint•a receiver of the mortgaged property and
appiy those rents and profits to the indebtedness hereby secured, regardless of the
solvency of the Mortgagar or the adequacy of the security. .
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8. Neither Mortgagor nor any party liable for the indebtedness secured hereby
shall be required to pay interest in excess of the rate alloNed under the laws of
the State of Fiorida. The intention of the parties 1s to conform strictly to the
usury laws, and !t is agreed that any contract for interest secured hereby shall be
sub~ect to reduction, to the lawful amount. i
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IN WITNESS WHEREOF, the Mortgagor has hereunto set his hand and seal the day
and year first above written.
Slgned. Sealed and Delivered . ~
in the Presence of: _ _ ;
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s tnesses to t e ortgagors
STATE OF~G ~ 7~ b~T) SS ~
COUNTY Oft,q ~R ~
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I hereby certify that on this date, before me, a Notary Public duly authorized
in the State and County named above, to take~ knowledgements, pg~ onally appeared
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to me known to e t e person or persons descr be as Mortgagor n an o execut t e
foregoing mortgage and acknawledged before me the execution of same. ~
1litness my hand a d official seal in the county and state named above this
day of J~r'~ ~ ~ ti , 19~_SS
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: . ~ r:~-~ r~~ ~ , Notary P
M~ mmissier i(,... CS ~ i. 197E C
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;'t~~s jijf~t~ut~~ent prepared by : •~A ~ ,
St.I~CiE .:~UN~Y flA. ~
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