HomeMy WebLinkAbout2347 45. That this mortgage shall also be security for the faithful
performance and compliance by Mortgagor with each and every one of the
stipulations, conditions and covenants contained and set forth in a
certain Agreement between Mortgagor and Mortgagee (or which Mortgagee
acquired by assignment), by virtue of which Mortgagee has the right,
but not the obligation to furnish any and all financing for the develop-
ment of and/or the improvements made or to be made on the premises,
a copy of which Agreement is in the possession of Mortgagee. Said
Agreement is incorporated herein by reference; and, any default under
or breach of said Agreement shall, at the option of Mortgagee, be a
default .hereunder. At its option, Mortgagee may refuse to release the
premises from the lien of this Mortgage unless and until Mortgagor has
complied with all the terms, stipulations, conditions and covenants
of that Agreement.
46. '.Mortgagee may, to the extent permitted by law, at Mortgagee's
option, foreclose this mortgage for any portion of the debt or any other
sums secured hereby which are then due and payable, subject to the con-
tinuing lien of this mortgage for the balance of the mortgage debt not
then due.
47. That all of the covenants herein contained are joint and several
and shall bii,3, and the benefits and advantages thereof shall also
inure to, the respective heirs, executors, administrators, successors
and assigns of the parties hereto. Whenever used, and whenever the text
so permits, the singular number shall include the plural, the plural the
singular and the use of any gender shall include all genders.
I:d WITNESS WHEREOF, Mortgagor has executed this mortgage under seal;
all on the day and year above written . _ : , ~ - -
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Signed, sealed and delivered SEMINOLE SPRINGS, INC.`,
i the presence of:
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_ Attest: S ASS
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i STATE OF FLORIDA
g COUNTY OF C ~P
The foregoing instrument was acknowledged before me ,~hsg; ~ ~
Vii'" day -
o~March, 1979, by F~ - and ~ -
~ t e - and _ ~ c'' ~ ~ ~
of SEMINOLE SPRINGS, INC . , on f beha f of a co o tiBn..•
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N ary Public y, t:,
(NOTARIAL SEAL) ~ rr
My Commissi ~ Ex es~:~+``'~
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