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HomeMy WebLinkAbout0161 . ~ J " If foreclosure prc~ceedings shall be instituted against the property covered by this mc~rtRage u~n any other lien or claim whether alleged to be superior or ~unior to the lien of this martgage, the mortgagees may at their option, immediately upon institution of such suit or ~luring the pendency thereof, declare this mortgage and the indebtedness secured hereby due and payable forthwith and may at their option proceed to foreclose this mortgage. 10. Tl~e words, notes, mortgagors or mortgagees, if it appears hereby that there is only one, shall, ~vherever herein used, be construed in the si~~Rular; and all the covenants, agree- ~ ments and undertakings, herein set forth, sh~ill be joint and several. 11. biortgagees hereby agree to subordinate this purchase money ~nortgage a single time only in favor of a conatruction and/or permanent first mortgage which may be subsequently granted to the mortgagors herein in an amount not to exce~d Saver~ty-Fi~~ Thous~td (575,000) Dollare. I;~ WITNESS WHEREOF, said mortgagors. have duly signed, sealed and executed this instrii~nent in the presence of the subscribing witne, es the day and year first aforesaid. . Si~ued, sealed and delivered ~ in the p sence of ~I _ ~ ~ ~ ~ (SEAL) Jo ido e ~ _ (SEAL) de iK. i oore _ ~ (SEAL) STATE OF F lori da i cov:~r~~ oF St Zucie Bcfore me, a itotary Public in and for the State and County aforesaid, on this day personally appeared John ;~ioore and Bernadette ~i. idoore, his wife ~o'm~•'N~Il~koowq and known to me to be the persons described in and who eYecuted the foregoing instrument, and they acl~o;y~~IcdR}d to ~nd be~ore me that they executed ihe same for the uses and purposes thercin set forth. 1~iTNf6$'V hgnd and oFficial seal at Port St. ZL1C10 , State and County aforesaid, this o~~~.,~=~October A. D. 19 76. ip• . ~s.-T"8~ s 0 ; - ~~ja?~~i"~O'r ~ 9/14/~ ~ ~ -r 2. NMary ublic State of Florida at I,arge ~ ~ 5~~~~F .edYlt~r~+~ Before me, a Notary Public in and for the State and County aforesaid, on this day personally appeued to me wrll known and known by me to be the of . a corporation, and the persons who executecl the foreQoin~ instroment as soch officers thereof; and they severally acknowledged to and before me that they execut~~d the same as surh o(ficers for the uses and pur~sc~s therrin expressed by due and reAular corporate authority, and tlwt tl~e seal :dtarhecl thereto is ~he ror~wrate sral of said corporation, that it was attached thereto by due and regular cor- M?rate authority, and that said instrument is the free act and deed of such corporation for the uses and purpoxs therein expresscd. ~~'ITNN:SS my hand and official seal at , State and Coiinty a(otesaid, this day of A. D. 19 . ~1y Cu~u~n~~ion eapires ~ Notary Public n R nnn . _