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HomeMy WebLinkAbout2178 15. This rrwrtgage also secures any and all renewals and extensions of the promissory note referred to herein and secured hereby, and all installments thereof, and ciao any other notes which have been or may be given to the Mort- g:~gre by the Mortgagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not a:teed at any one time the aggregate unpaid principal sum of . . DOLLARS lZ.. it being the specific intention that further advances may be made by the Mortgagee at its option to the Mortgagor, either prior to or alter 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 all indebtedness by the Mortgagor to the Mortgagee in wh,9tever manner the same may be evidenced or represented, until this mortgage is satisfied of record; and all covenants and agreements rnn- tained in this mortgage shall be applicable to all further and future advances made by the Mortgagee to the Mortgagor and all other indebtedness of Mortgagor to the Mortgagee, and any and all renewals or extensions thereof. Ili. II all or any part of the- property or an interest therein is sold or transferred by Mortgagor, excluding (a) the creation of a lien or encumbrance subordinate to this mortgage or (b) the creation of a 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, costa and future advances, if any, shall immediately be due and payable. Any such transfer or conveyance made without satisfaction of this mortgage shall constitute a dei::utt under the Hate sad mortgage securing name. ~ 17. I[ Mortgagee deems itself insecure, or upon the happening of any of the following events, each of which shall constitute a default hereunder, all (iabilitiea of each Mortgagor to Mortgagee shall thereupon or thereafter, at the option o[ Mortgagee, without notice or demand, become due and payable: la) the death of any Mortgagor Iwhich term shall mean and include each Mortgagor, rn•maker, endorser, surety and guarantor of this mortgage); Ib) the filing of any petition under the Brankruptcy Act, or any similar federal or state statute, by or against any Mortgagor; (c) an appli- cation [or the appointment of a receiver fot, the making of a general assignment [or the benefit ot•creditors by. or the insolvency of any Mortgagor; (d) the entry of a judgment against any Mortgagor; te) the issuing o[ any attachment or ~ garnishment against any property of any Mortgagor: It) the taking of possession of any substantial part of the property of any Mortgagor at the instance of any governmental authority: Ig) the dissolution, incompetency, merger, consolida- tion, or reorganization of any Mortgagor. - _ 18. This Mortgage Deed and the note it secures shall be construed only under the laws of the State o[ Florida. PROVIDED ALWAYS, and this mortgage is on the ezpress condition, that if the Mortgagor shall well and truly pay unto the Mortgagee the said sum of money mentioned in said promis-gory note referred to herein and secured hereby and any renewals or extensions thereof, any further advances and any other indebtedness referred to herein, iri what- ever form, and the interest thereon as it shall become due, according to the true intent and meaning thereof, 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 erase and be null and void, otherwise the same shall remain of binding force and effect. i - S IN WITNESS WHEREOF the said Mortgagor has made, executed, sealed and delivered this mortgage on -the day ~ and year first above written. Signed, sealed and delivered in reaence of: s~~~.......c~.~.•..~~~ ~ Get: ~-'~C N . ~ AS`HBURIIT . !SEAL) ~ - - - - (SEAL) - _ j,~ . . l~..L~-'. .D. L~.f!C'>........... t~ .LJG~~'~~.......... (SEAL) - - HEILA L . ASHBURN .......C~~'~.~i~~.'C.JZ..~~ - (SEAL) STATE OF FLORIDA as COUNTY OF Martin - Before me personally appeared LANNY D. ASHBURN and SHEILA L. ASHBURN, his wife 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 before me the execution of the same freely and voluntarily for the purposes therein ezpressed. WITNESS my hand and official seal this 3ra dary/ of Ji111LlSly , 19 80 Notary Public ~ _ My Commission E:pirea~- - . ~ ~.lrirttl~~,~9Y1 \ STATE OF FLORIDA ~ ~Lb COUNTY OF .~;~i~~~~'~ ' ti I, a Notary Public, hereby certify that ''~w~`~ - ~ ..............................'~.7,~ia................... # and personally appeared before me, and 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: ego 3~ PACE~~