HomeMy WebLinkAbout2854 The total amount of indebtedness secured by this Mortgage shall not exceed s5100.00
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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:
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 pranptly paid the Mortgagee may pay them without waiving the
optlon to foreclose, and such payments, 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 comnit, permit, or suffer no waste, impairment or d~terioration of
the mortgaged property.
4. To pay all expenses reasonably incurred by the Mortgagee because of fai1-
ure of 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 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 thap 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.
I. The r~nts and profits af the mc~rtgag~d Rroperty 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_cQnform 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
; and year flrst above written.
E Signed, Sealed and Delivered
3 in he Presence .
. r ' ~ 1 , 7
~ ' H~~ONUE ~ ~
~ f1Lf'~ A'~~ TY fl?.~,
E PGG' . ` . - COURt ~
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~ ' Ct=~r : / _ i
C~G7?C ~ CI~Jr'~- FF,.,~-*~'1-~• ~ lc~ L.L~-u~ ~ ,
~ ~s W tnesses to t e rtg~o~r~, 6~N'~ ;
e~a "3 0
STATE OF ~v ~ ) SS a~$9T~ ~
~ ' a
~ COUNTY OF ) `
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~ I hereby certify that on this date, before me, a Notary Public duly authorized
~ in th~ State and ~unty named abo~re~~to t~e aknowledg~~ , personally appeared
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l,~'~-uJ'L-~-~-~- ~ ~t~.t ~ c~..~.~
~ to me known to be t e person or persons descr bed as Mortgagor n and o execut t e
~ foregoing mortgage and acknowledged before me the execution of same. -
~ Witness my hand and official seal in the county and state named above this ,
~ 13 ~'day of 7~~ , ~ g -7S
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~ My Commission Expires: - ~
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(NOl'ARY SEAL) - ~o. sz~~isso, s~,~'c~ak ca„Mr
~ T.~~,~.~9~~ r~«h ~o. t9~6 Notd Pub c '
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~ This instrument prepar.e~~:~y:, ~ -
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~ 16 Executive Park • '
D~ •~,t~c ~ R' q i
~ Atlanta, Georgia ?0~29 - ~OOK~c~ PAGE~r849
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