HomeMy WebLinkAbout0155 ihe total amount of indebtedness secured by this Mort90gp.~shall,~ot exceed S
Mortgagor fully warrants the title to said land and will defend the same against the
lawful claims of all persons Nhomsoever, and agrees:
1. To make all payme~ts required by that note and this mortgage promptly
when due.
2. To pay all t~xes, assessments, liens and encumberances on that property
promptly when due.
If they are not promptly paid the Mortgagee may pay them without waiving the ;
option to foreclose, and such payments. rvith interest thereon from the date of payment
at the same rate as specifled in that note, shall also be secured by this Mortgage.
3. To commit, permit, or suffer no waste, impairment or deterioration 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 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 than 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 ~his ~
mortgage in the manner provided by law, and have the mortgaged property sold to
satisfy or apply on the indebtedness hereby secured. ,
1. 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 jurisdiction 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 conform strictly to the
usury laws, and it is agreed that any contract for interest secured hereby shal? be
; subject to reduction to the lawful amount. • _
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; IN WITNESS WHEREOF, the Mortgagor has hereunto set his hand and seal the day
` and year first above written.
~ . - .
€ Signed, Sealed and Delivered
~ in the Pre en e of :
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/ ~ ~ o~:i~,t ~ nt~.~, ~ , ,
A-s~tnesses to 't e ortgagors
STATE OF F~o O,E
~ SS
COUNTY OF sr. (.k~; ~ )
I hereby certify that on this date, before me, a Notary Public duly authorized
~ in ti-~e Sta and C unty amed bove, to take aknowledgements, personally appeared
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to me known to the p on or persons descr~bed as Mortgagor in and who executed the
~ foregoing mortgage and acknowledged before me the execution of same.
~ Witness my h nd and o ficial seal in the county and state named above this
~_day of , 19~.
3598~p
My Commi ss ~p~„~xpi res :~•l3'11 f~ ~ ~E ic~ I
a~:• •
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( NO~AR~.;a`F,~l:~' ' r
- ; ; . _ . ' tary ub c
_ , -n •o ~ . FlLEO ANO RECURIiEG
ST. LUCIE COUNTY flA.
Thi g~idst~iment -0r~pai5ed by : ROCER POITAAS
; o:_ MaeMiLLAN ~ SHEAR~ P.A. CLEtiK CIltCUIT COURT
-:~rdZ"~';`° "'1, jr~"'4~.t n-.•.?. A'tcrr. RECOR~ YERIFIED •
_ tt' eys ef Lew
. ~ . , 1074 N. E. Commercial St. Au
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16'`°i~d ~'F`~~''-•~~. 1 Jenseq Boach, Fla. 33457 ~ ~O~ Hn {