HomeMy WebLinkAbout0055 1 ~ 11 ~IE~TUA4Ll' AGREEU THAT: (11 If the said Mortgagor shall fait or neglect to pay installments on ~lidiP><orp¢sory NotalWon any other ~ivan~r or
•I~I~gJliof. which may be xwrrd hereby u the same may hereafter become due, or upon default in perforW any agmenton 1g:crunder, or upon sale or
~~Ihrr dupnsition of the premises by Mortgagor, of should any action of proceeding be filed in any court toe fo any lien on, ctalm against or interest in the
premiss:, thin alt sums owiir~ by the Mortgagor to the Monaaaagxoe under Ibis Mortgage or under rho Promissory Note secured hereby shall immediately become
,Iur and payable at the option of the Mortgagee, on rho appliation o[ the Mortaa~ee, or assignee, or any person who may be entitled to the monies duo
thereon. In wch event the Mortgagee shall have the right immediately to forrclosese this Mortaaae sccorduea 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 purwant to this Mortgage.
1?) ~tortaagor agues to surrender possession of the hereinaborc described premises to the Purchaser at the aforesaid sale, immediately after wch sale, in the
rent wch lwsssssiun has not previously been wrrendered by Mortgagor, and for failure to wrrendor possession, will pay to Purchaser the reasonable rental
slur of the premises during or after the redemption period.
131 In the event said premix: arc soW by Mortgagee, Mortgagor shall br; Gable for any deficiency remaining after sale of the premises, and application of the
pr~kssds of said sale to the indebtedness secured and to !hc expenses of conducting said sale, including attorney's Tres and legal expenses if allowed by taw.
141 Whenever, by the terms of this instrument, Mortgagee is given an option, wch option may be exercised when the right accrues or at any time thereafter,
vnd no acceptance by Mortgages or payment of indebtedness in default shall rnnstitute a waiver of any default then existing and continuing or thereafter
a~rruing. "
1 S) 1 f Mortgagor shall pay said promissory Note at the time and In the manner aforesaid and shall abide by, comply with, and duly perform all the rnvenants
anJ agreements herein, then this conveyance shall be null and void and Morigagee will, within the statutory period after written demand Iherefot by
?lurlgagor, txecute a release or satisfaction of this Mortgage.
~ 6) Notwithstanding anything in this Mortgage or the Promissory Note secured hereby to the rnntrary, neither this Mortgage nor said Promissory Note shall be
~rrnxd to impose on the Mortgagor any obligation of payment, except to the extent that the same may be legally enforceable, and any provision to the
;untrary :lull be o[ no force or effect.
17) AU Mortgagors shall be jointly and sorerally liable [or fulfillment of their rnvonants and agreements herein contairkd and in said promissory Note.
1 ti t I f any Debtor is a married woman, she reprexnts and warrants that this instrument hu been executed on her behalf, and that she has not executed the
;,ms as orrery for another.
ly) Each of us, whether principal Surety, Guarantor. Endorser, or other party hereto, hereby waires and renounces. each for himself and family, any and alt
homestead or exemption rights ett'her of us bare under or by virtue of the Constitution or Laws of any State, or o[ the United States, or any right in the
nature of dower or curtesy, or any statutory substitute thereiot as against this debt or any renewal thereof.
1lU) In the event the Mortgagor(s) transfer(s) the ownership of the said premises, or any part thereof, the entire unpaid balance o[ the debt sauced hereby
shall immediately become due and payable.
IN WITNESS WHEREOF the said mortgagor has to these presents set hand and seal this date 7th Of November 79 r
Sr_q?ied, Sealed and Delivered in fire presence of
tS)f
/1L)
a Detle Wolfg Sc =
(SEAL)
Mlitness Patricia Ray Schu ta"g011 ~ .
ACKNOWLEDGEMENT
I -ATE OF FLORIDA. COUNTY OF St Lucie ~
1 Hereby Certify that tin this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take
~~~knowledgments, personally "appeared Detlef WolfgatzR Schulad ahd Patricia R v Schulze
'"'`l - to me known to be the person(s)
~7es~ribed in and who executed the foregoing Mortgage, and acknowledged before me that they executed
he same.
Witness my hand and official seal in the County and State last aforesaid this ?th ~ ~ ~ day
;aovem~er -
- A.D.197~_ .
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