HomeMy WebLinkAbout0029 1he total amount of indebtedness s~cured by this Mortgage shall not exceed s .
Mortgagor fully warrants the title to said land and w111 defend the same against the
lawful claims.ot all~pe"rsons whomsoever, and agrees:
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l. 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 pr~xnptly peid _Lhe N9rtgagee may pay them without waiving the
option to foreclose, and such payments, wlth lnterest thereon from the date of payment
at the same rate as speclfied 1n that note, shall also be secured by this Mortgage.
. 3. T~ comnit, permit, or suffer no waste, impairment or deterioration of
the mortgaged property.
To pay all expenses reasonably incurred by the Mortgagee because of fail-
ure of the Mortgagor to comply r~ith the agreements in that note or this Mortgage. in-
cluding reasonable attorney's fees and title 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 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 is breached~ the entire unpaid principal balance of that note shall im-
mediately become due at the oRtion of the Mortgagee and Mortgagee may foreclose this
~ortgage 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 ~urisdiction thEreof should appoint a receiver of the mortgaged property and
apply those rents and profits to the indebtedness hereby secured, regardless of the
salvency 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 inten*.ion of the parties-is to-=conform s#rictly to the
; usury laws, and it is agreed that any contract for interest secured hereby si~al~ be
' sub~ect to reduction to the lawful amount.
' IN_WITNESS WNEREQF._the Mortgagor has hereun~o set his hand and seal the day
j and year first above written.
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f Signed. Sealed and Delivered .
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~ STATE OF SSH011 ZO I 35 PH ~.4~
~ COUNTY OF S~ =f~•~ j . ~ '
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~ I hereby certify that on this ~ate, before me, a Notary Public duly authorized
~ in the State nd Coun,t,~ named above, to.take aknow dgements, personally appeared
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to me known o b th_e person or persons descr bed as ortgagor n and who executed t e
foregoing mortgage and acknowledged before me the execution of same.
; Witnes3~~r-~fand _a fficial seal in the county and state named above this
i,~_day of _ : ~ ~ ~ 9 7 ,
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