HomeMy WebLinkAbout2144 IT IS MUTUALLY AGRI•:ED TNAT: (1) If the said Mortgagor shall fail or neglect to pay installments on said Promtseoryt Nute or un any other advamY of
obligation which may be xcurcd hereby as the ssmr may hereafter become due, or upon default in pgf[o~rtt)rtor of any a~e~gM hereunder, or upon sale or
other disposition of the premises by Mortgagor, w should any action or proceeding be filed in any court td enforce any licit on, citim agatnst or interest in the
premises, then all wms owirtg by the Mortgagor to the Mortgagee under this Mortgage or under the Promissory Note secured hereby shall immedtately beromr
Jur and payable at the optton of the Mortgagee, on the application of the Mortgagee, or assiytee, or any person who may be entitled to the monies due
thereon. In wch event the Mortgagee shall have the rght immediately to forcclox this Mortgage according to law for the collection of the whole amount of
the indebtedness and interest thereon plus reuonabk attorney's fees costs allowed by law and any amounts advanced pursuant to this Mortgage.
l:l Mortgagor agues to wrrender possession of the hercinabove described premises to the Purchaser at the aforesaid sale, immediately alter wch sale. to the
event wch posxuion has not previously been wrrendered by Mortgagor, and for failure to wrrcnder possession, will pay to Purchaser the rrawnabk rental
value of the premises during or after the redemption period.
~3) In the event said premixs are sold by Mortgagee, Mortgagor, if a signer of the Promissory Note, shall be liable for any deficiency remaining after sale of the
prrmixs, and application of the proceeds of said sale to the indebtedness xcured and to the expenxs of conducting said sale, including attorney's fees and legal
expenses ii allowed"by law. .
X41 Whenever, by rite terms of this instrument, Mortgagee is given an option, wch option may be exercised when the tight accrues or at any time thereafter,
and no acceptance by Mortgagee or payment of indebtedness in default shall constitute a waiver of any default then existing and continuing or thereafter
•rcruing.
IS) If Mortgagor shall pay said Promissory Note at the time and in the manner Sforesaid and shall abide by, comply with, and duly perform all the crovtnants
and agreements herein, then this conveyance shall be null and void and Mortgagee will, within the statutory period-after written demand therefor by
Mortgagor, execute a release of satisfution o[ this Mortgage.
ib) Notwithstanding anything in this Mortgage or the Promissory Note secured hereby to the contrary, neither this Mortgage nor said Promissory Note shall be
Jrrmed to impose on the Mortgagor any obligation of payment, except to the extent that the same may be kgalty enforceable, and any provision to the
~untrary shall be of no force or effect.
i7? AU Mortgagor shall be jointly and severally Gable for tutfillment of their covenants and agreements herein contained and in said Promissory Note.
~ K 1 If any Debtor is a married person, he represents and warrants that this instrument has been executed on his behalf, and that he has not executed the same as
surety for snottier.
ia? Each of us, whether Principal, Surety, Guuantor, Endorser, of other puty hereto, hereby waives and renounces, each for himself and family, any and all
h~.,mestead or exemption rights in the property conveyed hereunder, either of us hate under or by virtue of the Constitution or Laws of any State, or of the United
States, or any right in the nature o(dosser or tottery, of any statutop• wbsiitute therefor as against this debt or any renewal thereof.
101 In the event the Alortgagor(s) transfer(s) the ownership of the said premises, or any put thereof, the entire unpaid balance of the debt secured hereby shall
immedutely become due and payable.
IN WITNESS WHEREOF the said mortgagor has to these presents xt hand and seal the date 3~12~80
"this Mortgage wu prepued by Zadie Rowe Lundy, 2502 S Fed Ht+y, Ft. Pierce, . Fl.. 33450
(Name and Address of Natural Person Preparing Mortgage)
Signed, Sealed and Delivered in the presence uj
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~Ll}~-L.L. -1 ~ C - ~ ` 'x_ - (SEAL)
witness ~?raoaa?
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tvirness Mo?t~oaor Kay F. Sims
ACKNOWLEDGEMENT
~T:~TE OF FLORIDA: COUNTY OF_ Saint Lucie >s"
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1 Hereby Certify that un this day before me. an officer duly authorized ut the State aforesaid and in the County aforesaid to take
.:~knuwledgments, perwnally appeared 'r'ilbert Sims _
-'AV- r. Si^~s _ _ _ to me known to be the perwn(s)
they
Jexribed m and who executed the fureguutg Mortgage, and acknowledged before me that _ exewted
~ he ,ame.
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Witness my hand and official xal in the County and State last aforesaid this 1 t.. •,~z',~ day `
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