HomeMy WebLinkAbout0267 mortgagor for benefit of mortgagor's creditors, all of the sums
secured by this mortgaqe shall be immediately due and payable at
the option of mortqagee, without notice or demand.
16. Upon the request of the mortgagee and at its option,
to pay to mortgagee with each monthly payment an additional
sum estimated by mortgagee to be equal to 1/12 of the annual
cost of the following:
a. All real property taxes levied or assessed aqainst ;
the above described real estate. `
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b. Premiums on fi~e and windstorm insurance as herein ~
required to be carried on the improvements situate on the
above described premises. ~
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Mortgagee shall from time to time notify mortgagor in writing F
of the amount due and payable hereunder and such sum shall thereupon =
be due and payable on the due date of the next monthly payment and
each successive month thereafter until mortgagee shall notify mort- i
gagor of a change in such amount. Such sums shall be applied by ~
mortgagee toward the payment of real property taxes and insurance ~
premiums. '
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17. The mortgagee, by an authorized agent or employee,
may enter upon and inspect the premises encumbered hereby at any~
reasonable time. •
18. The mortgagee, at the request of mortgagor, may from
time to time and Without notice, execute and deliver partial
releases of any part of the premises from the lien of this mort-
gage without affecting either the personal liability of any person °
liable for the payment of the note secured hereby, or the lien of.
this mortgage upon the remainder of the premises for the full
amount of note principal then remaining unpaid. The rights of
any subsequent purchaser, of any junior lien holder, or of.~,any
other person or corporation in all or any part of the premises
shall be subject to such right of the mortgagee to execute and
deliver such partial releases as aforesaid.
IN WITNESS WHEREOF, the mortgagor has caused these presents
to be executed in its name and its corporate seal to be hereunto
! affixed by its proper off~cers thereunto duly authorized, the day
~ and y`ar £irst above written.'
j Signed, sealed and delivered MOTOR INVESTMENT COItPORATION -
E in the presence of: `
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~ ~ iv Attest: ~
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~ - Secretary J:,
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~ Cor orate ~
~ - Seal ~
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STATE OF FLORIDA ~ ~
~ COUNTY OF ST. LUCIE {
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~ I HEREBY CERTIFY that on this day, before me, an officer
duly authorized in the State and County aforesaid to take acknow-
~ ledgments, personally appeared Charles F. Johnson and William N. ;
; Shultz, well known to me to be the President and Secretary, r
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~ FEE. PARKER & FEE. P. A.
~ ATTORNEYS AT LAW OrRr~~ ~
~ POST OFFICE BOX f000 DVW~ ~
~ FORT PIERCE, FLORIDA 95480
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" T[LEPHON[: Is06) I61-6020
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