HomeMy WebLinkAbout0043 15. This mortgage also secures any and all renewals and extensions of the promissory note referred to herein and
secured hereby, and all installments thereof, and also any other notes which have been or may be given to the Mort-
gagee by the Mortgagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed
at any one time tlse aggregate unpaid principal sum of
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it being the specific intention that further advances may be made by. the Mortgagee at its option to the Mortgagor, either
prior to or after the due dates of the above referred to promissory note hereby secured; and this mortgage is given for
the specific purpose of securing any and ali indebtedness by the It+lortgagor to the Mortgagee in wh;tiever n:an:rrr ii.e
same may be evidenced or represented, until this mortgage is satisfied of record; and :tll covenants and agreements con-
tained in this mortgage shall be applicable to all further and future advun~rs made by the Mortgagee to the Mortgagor
and all other indebtedness of Mortgagor to the Mortgagee, and any and all renewals or extensions thereof.
16. If all or any part of the property or an interest therein is sold or transferred by Mortgagor, excluding la) the
creation of a lien or encumbrs?nce subordinate to this mortgage or lb) the cre:?tion•ot n purchase money security inter-
est for household appliances, then, in that event, the then outstanding principal balance o[ the note secured by this
mortgage, together with accrued interest, rests and future advances, it any, shall immediately be due and payable. Any
such transfer or conveyance made without satisfaction of this mortgage sh:sll constitute a def:sull under the note and
mortgage securing same.
17. I[ Mortgagee deems itself insecure, or upon the happening of :say o[ the [ollowing events, e:sc•h of which shall
constitute a default hereunder, all liabilities of each Mortgagor to Mortgagee shall thereupon or thereafter, at the option
of Mortgagee, without notice or demand, become due and payable: la) the death of any Mortgagor Iwhich term shall
mean and include each Mortgagor, co-maker, endorser, surety and guarantor o[ this mortgage); lb) the filing of any
petition under the Brankruptcy Act, or any similar federal or state statute, by or against any Mortgagor; Ic) an appli-
cation for the appointment of a receiver tor, the making of a general assignment for the benefit of creditors by, or the
insolvency of any Mortgagor; (d) the entry of a judgment against any Mortgagor; (e) the issuing o[ any attachment or
garnishment against any property of any Mortgagor; (f) the taking of possession of any substantial part of the property
of any Mortgagor at the instance of any governmental authority; IB) the dissolution, incompetency, merger, consolida-
tion, or reorganisation of any Mortgagor. -
IS. This Mortgage Deed and the note it secures shall be construed only under the laws of the State of Florida.
PROVIDED ALWAYS, and this mortgage is on the express condition, that if the Mortgagor shall well and truly
pay unto the )Mortgagee the said sum of money mentioned in said promissory note referred to herein and secured hereby
and any renewals or extensions thereof, any further advances and any other indebtedness referred to herein, in what-
ever form, and the interest thereon as it shall become due, according to the true intent and meaning thereo[, together
with all costs, charges and expenses, including a reasonable attorney's fee, which the Mortgagee may insur or be put to
in collecting the same by foreclosure or otherwise, or in protecting the security of the Mortgagee, whether by suit or
otherwise and shall well and truly keep, observe, perform, comply with and abide by each and every the stipulations,
agreements, conditions and covenants of said promissory note and this mortgage as and when required thereby then this
mortgage and the estate hereby created shall cease and be null and void, otherwise the same shall remain of binding
force and effect.
IN WITNESS WHEREOF the said Mortgagor has made, executed, sealed and delivered this mortgage on the day
and year Srst above written.
Signed, sealed and delivered
in the presence of:
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STATE OF Minnesota
COUNTY of Washington ~
Before me personally appeared ROGER A. ZITON and ANN ZITON, his wife,
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to me well known and known to me to be the individual or individuals described in and who executed the foregoing Mort-
gage, who acknowledged be[ore me the execution of the same freely and volunt city for the purposes therein expressed.
WITNESS my hand and official seal this ,OZ .7..... day of ..a A.D., 19 79...
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MICHAEL tY- HERkES - - , • ,
-NOTARI'' ~UbLIC -MINNESOTA
Notary P WASHINGTON COUNTY
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STATE OF FLORIDA
COUNTY OF ~
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I, a Notary Public, hereby certify that .
a :snd personally appeared before me, and
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being duly sworn according to law, acknowledge that they are
and respectively, of the Mortgagor herein named, that they are ,
duly authorized to execute, acknowledge and deliver the said mortgage for the purposes therein expressed.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal this
day of A.D., 19......
Notary Public
. My Commission Expires:
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