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HomeMy WebLinkAbout1239 ~ IT IS MUTUALLY AGREED THAT: ll) If the said Morttator shall fail w neglect to pay instaUrnents•ots ~ Rom' ry,~IVjtaj,w on any other advance w ubligation which may be secured hereby as the same may hereafter become due, w upon default in perfopMagq of any 1 hereunder, or upon sale w other disposition of the premises by Mocttator, w should any sction of prooeedint be tiled in any court to enforce any lien on, claim atsinst or interest in the premises, then all sums owrrt~ by the Mwtgator to the Mortta~ee under this Motttate or under the Promissory Note secured hereby shall immediately become due and payable ~ at the optwn of the Mortpdee, on the apPp~pation of the Mottta~ee, w assiQree, w any person who may be entitled to the monies due thereon. n wch event the Morttatee shall have the ritAt immediately to forccbse thts Mottp~e acoordina to law for the cotkction of the whole amount of the indebtedness and interest thereon plw rwonabk attorney's foes costs allowed by law and any amount: advanced pursuant to thu Montage. (2) Nwtja~w a~tees to surrender possession of rho hereinabove described premise: to the Purchsser at the aforesaid sale. immediately after wch sale, in the event wch possession has not previously been wrrcndered by Mwttagor, snd for failure to wrrcnder possession, will pay to Purchaser the reasonable rental value of the premises dutirst w aRer the redemption period. 13) in the event said premises ate soW by Mort~aaoe Monttagor, if a sigrrer of the Promissory Note, shall be liable for any deficiency remaining after sale of the premises, and applicatan of the proceed: of sand nab to the htdebtedneu secured and to the expenses of conducting said sale. including attorney's fees gad kcal expenses if allowed by law. (4) Whenever, by the terms of this instrument, Mwtgata is given any option, wch option may be exercised when the right accrues or at any time thereafter, ' and no acceptance by Mortgagee w payment of ' ebtedness in default shall constitute a waiver of any default then existing and continuing or thereafter accruing. l5? If Mortgator shall pay said Romissory Note at the time and in the mariner aforesaid and shall abide by, comply with. and duq~ perform all the rnvenants and agraments herein, then this conveyance shall be null and void and Mortgagee will, within the statutory period after written demand therefor by Nortgsttor. execute a release of satisfaction of this Mortgage. (6) Notwithstanding anythint in this Moctgate w the Promissory Note secured hereby to the contrary, neither this Mortgage nor said Promissory Note shall be deemed to impose on the Moctgator any obligation of payment, except to the extent that the same may be legally enforceable, and any provision to the contrary shall be o[ rto fora w effect. [7) AU Mortgators shall be jointly and severally liable for tutfiUment of their covenants and a~eements herein oontairted and in said Promissory Note. t 8) 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 fw another: (9) Each of us, whether Principal, Surety, Guarantor, Endorser, or other party hereto, hereby waives and rcnounas, each for himself and family, any and all homestead or exemption rights in the property wnveyed hereunder, either of us have under or by virtue of the Constitution or Laws of any State, or of the United ; States, w any right m the nature of dower or curtesy. of any statutory wbstitute therefor u against this debtor any renewal thereof. t 10) in the event the Mortgagor(s) transfer(s) the ownership of the acid premises, or any put thereof, the entire unpaid balance of the debt secured hereby shall 'immediately become due and payable. Ot+-1 IN WITNESS WHEREOF the said mortgagor has to these presents set hand and seal this date This Mortgage wasprcpuedby Zadie Powe, 2502 S Fed HwJ?, Ft. Pierce, Fl. 3St?50 (Name and Addrcu of Natural Person Preparing Mortgage) , Signed. Sealed and Delivered in the presence of - ~ ~ SEAL) 'tntn A/ortagaar • ~ ~ (SEAL) Witness 'NO11g1°a'O' Judit A DeBracy I ACKNOWLEDGEMENT If STATE OF FLORIDA, COUNTY OF St. Lucie ss. 1 Hereby Certify that on this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take ' Ronald Q. DeBracy + ,z~a ~ acknowledgments, personally appeared and _ Judith A. DeBracy, his wife ' to me known to be the person(s) ~ described in and who executed the foregoing Mortgage, and acknowledged before me that ' ~ they "executed the same. 10th ~~,I Witness my hand and official seal in the Cuunty and State last aforesaid this ~ ~ ~ day • , d ,,i April A.D. 19 80 ~ -=`,~-.~~~"'~-fit' ~ S ~ , f ~ C NOTARY pllBltC. STATE OF FLORtt]A AT lR~t3E _ ~ MV COMMISSION EXPIRES: MY CO!1tMISSION EI(PtRES DEL. ta, t:~2 - ~ i otary Prt6lic. Stag of Ftorplo 01 " ~fl~fai y ~ r ~ ~ ~ n ~ ~ 8~0 ~ ~ " ~ 4 = ~ ~ 'fit I ~ 4~ a. ~ z O 88 IIP i 5 ~M y D ~ CODE ~ ~ ~ ~ ~ Q wl J C~ 3 ul It e ~ ~ D ~ ~ b Cntgtlt T ~ ~ r' r t~ls'~IE IEO 2 n ~ ~ m ~ ~ ~ ~ g ~ n ~ I 4 4 ~ ; ~ mr PILE ~ ~ '