HomeMy WebLinkAbout0439 i
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' 450492
~19 JU. •8 JIl1 ~ I7
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~ a€cas~ veaiF~o
s~D Mw tM opttoo to nosiw u~d appb? ths s~me on aooouat of tbs Lrdsbtedn~ ~ec~u~d b~nb~ ce to p~mit
ald l~lataaaor w nceive and ua~ it ar aehr part theerof tue otl~er purpo~ witl~o~ut tlNnby wdvio~ ar impairina
qp ~quitY. U~n a~ ri~At undK or by vi~tue o~ thb mat6a~; and in tM eveat sdd Maetg~or sl~ll tar ~n,y ew~oo
hil to ke~p tLs nid premis~i so insured. oc fail to d~ivK pe~umptlp aa~ ot s~id poik~ ot iwnrana ~o Mid
Mat~aaee, or WI PromP~Y ~ Ps3? ~ any p~emiwa t6aretor, or in any r+e~pect tail to P~• ~R+•
~wte. eHeet. oomp{ste. eomply with aud ~bide by this ooven~nt, or snY P~rt bereot. s~id Moel~ase~ my? Pl~a and
P~Y for wel~ insunnce or any part thereoE witbout w~ivins or aHeeting any optioa. ljsn. equitp ae ~RL nnder a by -
virtw ot this mortQ~e. and th~ tutl ~mamt o! e~ch and ew~ry sucs p~yment s6at1 bs immsdLt~? dw aad P~Y~
and ~U bear inteewt from tbs dat~ t6weof until paid ~t tbs nte ot ten per ceatum per anaum ~nd toeetMr with
snch iate~wt sludl bs Mcvr~d by tbs lien ot this mortgrgs.
4. To pacmit. oommit or suKer no waete. impainoneat or det~iontion oi said prope~rty o~ any part tf~eot.
5. To p~y dl and singular the oosts. cluirges and espenses. jach~dir?g re~sombls lawyer's fess wd oost ot .
abstracN of title, incun~ed o: paid at• aay tia~e by said Matgagee becauss andlor in tbs aveat ot tbe f~urs oa tM
part of tbs said Mortg~~ to duly. P~Y ~~7 P~ ~~6'~. ssccute. etteet. oo~Plsts. aomp~y w[th
.ud •btds br e.eh aad every t6s itipnl~tions. aEro~~ts. oondltiotu aad ooveaanta of s~id pe~omiNOry nots. and ~
this n+ortgaas. any or eithec. and said cast~, clur~ ~nd upsnsea. e~ch ~nd every. ahaU bs immedi~teiy dae Rnd
PU'~Ws. wbet6er or not tbare bs notioe. desnand. att~pt to oollect ar suit peading; and t6s tall amount ot e~cA
aad rv~y sncL paymeot sbaU bear interest h+om the date thareot uatil pair! at the nts ai ten pee o~tum psr
annum: and all said owts. ch~reee ~ad ~penssi so incvresd or paid. togetlier wit.A sueh irmt.a~+rt. sl~aU be ~scured by
the lien of t6is mo~rtg~ga. ~
6. 'tluit lal in ths ev~nt ot u~y lxwch ot this moct~gs or dsholt oo tbs qrt of tbe Mortsi~. or (b) 1n td
• event ~ny ot s~d mms oi monsy Derein rsterrsd to bs not prompNy aad tully p~id wit6in tee dqn n~st atf~e th~
s~ms severaUy beeofas dus ~ad p~yabM~ witMut demaad or notks. or Icl in tl~s ~veat each and sveq ths atlpulatioa.
a~ssmsnt~. oooditioos and oowaats of s~td promissory note and t6is mact~ae. any cT eftber. an uot da1,p.
p~puY ~~Y Pd'~a~• ~8~• ~uted. effected. oomplated. oomplied with and abided by. t~o. ia ait6er
or any sucA eveu~ tbe said aggrag~ce sum mentioned tn s~d promis~ory ~wte then remainin~ unp~id, with iatere~t
~a~rued. ~nd all nooaeys secured 1?e:ebr. shdl bsooms dw and p~yabls forthwith. or tAareafte~. ~t the option of s~W
Mortgagee, u tully and completely u if all ot t6s aid sum~ of nomsy were ori~inaity scipul~ted to bs p~id on
snch day. anythina m said promi~sory no~,~. and or ia t6ia mortpgs to the oonwr~ notwith~tandin~ and
theraapon ot tliereaft~er ~t t6e option ot e~id Moctssges, wlt6ont ootice or damand. suit at law or in equity.
theretofore. or t6ereatt~er begun. may be pco~scut~d u ii all monsys e~e~ued h~sby !ud matured prior to ita
instFtntion.
T. That in tse event cMt at the besionina ot or ~t any tfms p~oding any ~uit upon thi~ m~tgage, or to farecbss
it, or to rstarm i~ and/or to ~face p~ya~ent ot any cWm~ Aereandar. eaid Mortgager shall appty to t6s oourt
~~8 3uri~dietion tlwneof tor t6e ~ppointmsnt of • Reeeiv~. me6 oourt shalt torthwith ~ppoint • Reoeiver at.~aid _
~B+~'~ ProP~~Y all and singular. indoding all and singuLr tM rmb inoome profits. issues and rsvennss trom
whatever sonroe derivad. eac6 and every of wl~ich. it being eiptesdy under~tood is hareby mortgaged as if
'I speci8cally set torth ~nd deseribed 'm the granting and habeadum cltuses Mereof. and such lieceiver e~ h~ve
~ all c6e bro.d .nd effective fanccions ud pow~a in .nywise ansrusted by • oo~uc w a Receiver. and snc6 appointm~nt
~ shall bs made by such court ~s sn admitted equity and a enatter oi ~b~lute right to e~id Mortg~gee, and witho~t
I refere~ce to the adeqwcy or inadequacy of the value of the property mortgaRed or w tl~e wlvency o: insolveticy
I of said D~dortg~gor and/or ot the defend~nta. and that sneh roats. Pr'u8is. iAOOme. issues and revenues sh~ll bs applied
k by suc6 Receiver ~ding to t6e kin and/or eqnity of said Martgagee and the pnctice of such ooart.
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8. It is anderstood ~nd ~greed that thi~ mortgaga L giveo to ~ee~re. in additioa to the note or oblisation
~bove describsd ~nr ~dditbnal lo~na ae fuwrs ~dvances mads within tweatr yean trom date hereof by tbs mortpgse
to s~id mo~t;a~or~ or any snoosssos in title oi wid mort~~ of !hs propeety hersby conveyed: pcovided th~t the
total napaid b~nee ot the indebtednsss sscarsd hereby ~t any one tia~s slull not ~ceed the a~uimum P~Pv
amounc ot ~T~USAND I~~~RED S~X~Y ON 2~6~00~---------------~°~'r"
~s plus incera~c c .ud anr m.de y or c ot cues. isvie. or insnru~oe
oe the proparty eneumbered 6eleby. with interest ou ~uc6 disbn»emsnts.
IN WITNES3 WHEREOF, the said Mortgagor hae e:eeuted this mortgage ander eed on the day and ye~r herein
firat above written.
Signed, ssded ~nd ~livared in the pre~e of:
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~ ~ ISEAI.)
e
~ 13EAL1
~ t G. Thompson .
~ STATE OF FLORIDA _
° COUNTY OF 3T. LdCtE ~ ~
. .
~ ~f~ Wi 11 i am J. Thonmson and Janet G. Tharoson,~ ~r#fe of
.
~ 1647 Harts Mill Rd. N. E. Atlanta Ga. 30319
~ : 4
~ . -'r J J , ! _ .
to ms weU kao~wn and Imown to m~ to bs t~ individual5 described ia and wbu ~s~ait~d tb~ ' ,
t
and aeknow4dasd before ms t~ .}~V ezeeut~d tbs pms far t6~ . ~
'^"~J• ~1~p0~ls L~II ~i~[~ " f L'.- «
wrr[~rESS mr b.oa .na o~ .e.~ e~. 26th ~ oc Nove~':..y: _'~'f~.~ 1~:: ~.~:.t:
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~~M S~ , f
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~ BOGK J12 ~AGE 43? Mr ~ ~ . ~I
• March 8, 1982 ~
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