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I~iMMt TO iti~ Ii~1K MR M ~ MORTGAGE
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The Mortgagors, Mark C. Bentley and wife,Dorothy Bentley
in consideration of the principal sum specified in a prom ssory
note hereafter described received from Gilman Wallcoverings, Inc.,
the Mortgagee, hereby, on this 28th day of January, 1980, mortgage
to the Mortgagee the real property in St.Lwci County, Florida,
described on Exhibit A attached hereto an ma e a part hereof, as
security for the payment of the promissory note, a copy of which is
attached hereto and made a part hereof as Exhibit B, and all other
liabilities from time to time owing by The Wallpaper Palace, Inc..,
or any of the Mortgagors to the Mortgagee and further agree:
1. To make all payments required by that note and this
mortgage promptly when due.
2. To pay all taxes, assessments, liens and encumbrances
on that property promptly when due. If they are not promptly paid
the Mortgagee may pay them without waiving the option to foreclose
and such payments, with interest thereon from the date of payment at
the same rate as specified in that note, shall also be secured by
this mortgage.
3. To keep all buildings now or hereafter on that land
insured against damage by fire and lightening in the syua secured
by this mortgage, by an insuror satisfactory to the Mortgagee, the
insurance policy to be held by and payable to the Mortgagee. If the -
Mortgagor shall not do so, the Mortgagee may do so without waiving
. ~ ~ the option to foreclose, and the cost thereof, with interest thereon
~1, from the date'of payment at the same-rate as specified in that note,
shall also be secured by this mortgage. If any sum-becomes payable
~~;<<~ under such policy, the Mortgagee may apply it to the indebtedness
- _ secured by this mortgage, or may permit the Mortgagor to use it for
other purchases, without impairing the lien of this mortgage.
- t~ ~ -
4. To commit, permit or suffer no waste, impairment,
- or deterioration of the mortgaged property.
= 5. To pay all expenses reasonably incurred by the Mortgagee
_ because of failure of the Mortgagor to comply with the agreements in
that note or this mortgage, including reasonable attorneys' fees.
~J ~ The cost thereof, with interest thereon from the date of payment at
the same rate as specified in that note, shall also be secured by
this mortgage.
i 6. If any payment provided for in that note or any other
~ obligation is not paid within thirty days after it becomes due,
or if any agreement in this mortgage other than the agreement to make
the payments is breached, the entire unpaid principal balance of
~ that note and all such other obligations shall immediately become
due at the option of the Mortgagee, and the Mortgagee may foreclose
this mortgage in the manner provided by law, and have the mortgaged
property sold to satisfy or apply on the indebtedness hereby secured.
7. The rents and profits of the mortgaged property are
also hereby mortgaged and if proceedings to foreclose this mortgage
shall be instituted, the court having jurisdiction thereof should
appoint a receiver of the mortgaged property, and apply those rents
and profits to the indebtedness hereby secured, regardless of the
solvency of the Mortgagor or the adequacy of the security.
Signed, Sealed and Delivered
' in the presence of:
~
~ , _
(SEAL)
Witness ~f C. BENTLY
9~a,.,~. C3 ~ - ' ` ; (SEAL)
~ tnes s `annr ~ ~'fUD