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HomeMy WebLinkAbout2807 IT IS MUTUALLY AGRt:I•:D THAT: 111 If the said Mortgagor shall fail or neglect to pay installmrnts on said Promissory NVte or op any other sdvance or ~~bligation which may be secured hereby as the same may hereafter become due, or upon default in performance of,tups agreement 1?or~uuder; or upon sale or uttser disposition of the premises by Mortpgur, or should any action or proceeding be tUed in any court to enforsb Lily' Ben on, c4lm r~alnp or interest in the premises, then all wms owinj by the Mortgagor to the Mortga~ under this Mortgage or under the Promissory Note secured hereby shall immediately become Joe and ~ayabk at the optan of the Mortgagee,. ~ the app i~tion of the Mortgagee, or assignee, or any person who may be entitled to the monies due thereon. In wch event the Mortgagee shall have the right immediately to forccbse thhiiss Mortgage according to law for the collection of the whole amount of the indebtedness and interest thereon plus reasonable attorney's fees costs allowed by law and any amounts advanced pursuant to this Mortgage. (21 Mortgagor ajras to wmnder posaeuion of the Acrcinabove described premises to the Purchaser at the aforesaid sale, immediately after wch sale, in the event wch possession has cwt previously been wrrcndered by Mortgagor. and for faAurc to wrrcnder possession, will pay to Purchaser the reasonable rental value of the premises during or after the redemption period. (3) In the event said premises are sold by Mortgagee Mortgagor, if a signer of the Promissory Note, shall be liable for any deficiency remaining after sale of the . premises, and application of the proceeds of sod sale to the utdebtedness secured and to the expenses of conducting said sale, including attorney's fees and legal expeascs if allowed by law. 111 Whenever, by the terms of this instrument, Mortgagee is given any option, wch option may be exercised when the right accrues or at any time thereafter, a,~d no acceptance by Mortgagee or payment of indebtedness in default shall constitute a waiver of any default then existing and continuing or thereafter aCCNing. IS). If Mortgagor shall pay said Promissory Note at the time and in the manner aforesaid and shall abide by, comply with. and duy perform all the covenants and agreements herein, then this conveyance shall be null and void and Mortgagee will, within the statutory period after written demand therefor by Mortgagor, execute a release or satisfaction of this Mortgage. ~6) Notwithstanding anything m this Mortgage or the Promissory Note secured hereby to the contrary, neither this Mortgage nor said Promissory Note shall be deemed to impose on the Mortgagor -any obligation of payment, except to the extent that the ume may be legally enforceable, and any provision to the ~untrary shall be of no force of effect. i 7) AU Mortgagor shall be jointly and severally, liable for fulfillment of their covenants and agreements herein contained and in uid Promissory Note. 181 If any Debtor is a muried person, he represents and wamnts that this instrument has been executed on his behalf, and that he has not executed the same as surety for another. ~4) Each of us, whether Principal,-Surety, Guuantor, Endorser, or other poly hereto, hereby waives and renounces, each for himself and family, any and aU homestead or exemption rights m the property conveyed hereunder, either of us have under or by virtue of the .Constitution ar Laws of any State, or.ot the United hates, or any right m tht nature of dower or curtesy, of any statutory wbstitute therefor as against this debt or any renewal thereof. lu) In the event the Mortgagor(s) transfer(s) the ownership of the said premises, or any par hereof, the entire unpaid balance of the debt secured hereby shall immediately become due and payable. v IN WITNESS WHEREOF the said mortgagor has to these presents set hand and seal this date 7 ~ , This Mortgage was prepared by W O f3 33/.5 Nam d Address of Natural Person Preparing Mortgage) .SrRned, Sea and Delivered ' ~ p _ se cj ~ Witness t ~ (SEAL) e er , ~4°: • Witness ~ ./`~[.~G( ~/~tl ~l-~J~ (SEAL) Mortgagor F.dirinet B• MetrkOxsld i ACKNOWLEDGEMENT ti I ATE OF FLORIDA, COl1NTY OF II1Cie ss 1 Hereby Certify that on this day before me. an officer duly authorized in the State aforesaid and in the County aforesaid to take erknuwledgments. perwnally appeared _ A1.9~RdAr Z'hl'kOM1rsk3g Jr. end - B. ffie t~iPe ~ to me known to be the person(s) ~ - I .leuribed in and who executed the foregoing Mortgage. and acknowledged before me that •~l~v executed tht same. 's - Witness my hand and official ual in the ('uunty and State last aforesaid this 21id day - - A.U. I'1 _ 7 _ ---1-- : Nctar~ ~sb":. a+.tc of >':otida at LasQe ' _ - 6 My :ocr~rrusi~n Ecpite; April 28, 19E1 E `+w COMMISSION EXPIR~~"~ 1s An~r,-a.i 6 Cars~~ ~ - ' Notarv i°uh i•. State vjit7vsido at lagee- ~ - • ~ s .b : ~ - ~ q ~ A ~ I ~ _ pp yy 7 ~ C ~ 0 11i O a i-~ F~1 19 KRt1 ~ 7 a~ 3 _ ~ ~~yy F/~r r. fQEO lU1 HECUr<^ V ~ ~ t~ ~ ~ iT.LUC COU!ITY.F s v i R0p R POITRA ~ w 1' d 4 V ~ ro I~ q ~ i s 1 ~ ` E El':!! ullp ~a~f _ - x.