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HomeMy WebLinkAbout1851 IT IS MUTUALLY AGREED THAT: 11) If the said Morigagor shall fail o< neglect to pay installrrsents.oll slid Fran Plate or on any other sdrance a obligation which may be secured hereby st the same may hereafter ba:ome due, or upon default in par6sr~oe of ars~t~rrstnt hercurder, or upon sale a other disposition of the premises by Mortgagor, or should any action or prooeedirtg be tUed in any court to en oroe any lien on, claim against or interest in the premises. then all sums owsrt~ by the Mortgagor to the Mortja~ee under this Mort~e or under the Promissory Note secured hereby shall immediateb become dae and payable at the option of the Mortpgee, On the cep arson of the Mort~a~oe. or assignee, a any person who may be entitlod to the monies due thereon. In wch event the Mort~ee shall here the ti~ltt immedutely to fotecbsa this Mortgge acoordin~ to law fot the collection of the whole amount of the indebtednea and interest thereon plus teasonabb attorney's fees costs allowed by law and any amounts advanced pursuant to this Mortgage. (2) Mortgagor aacees to surnada possession of the hercinabore described premises to tMe Purchaser at the aforesaid sale, immediately after wch sale, in the event such possession has not previously been surnndercd by Mortgagor, and for failure to surrender possession, will pay to Purchaser the reasonable rcnta! value of the premises dutirtg or after the redemption period. t3) In the erect said premises arc soW by Mortgagee, Mortgagor, if a signer of the Promissory Note, shall be liable for any deficiency remaining after sale of the premises, gad application o[ the prooecds of :asd sale to the tndebtedness secured and to the expenses of conducting said sale. including attorney's fees and legal expenses if sJbwed by law. 141 Whenever, by the terms of this insttumsnt, Mortgagee is given an option, such option may be exercised when the right stxrues or at any time thereafter, and no scaptanes by Mortgagee or payment of indebtedness in default shall constitute a waiver of any default then existing and continuing or thereafter acctuing. a 5) If Mortgagor shall pay said Promissory Note at the time and in the manner aforesaid and shall abide by. rnmply with, and duty perform all the cotenants and agreements herein, then this oonteyance shall be null and void and Mortgagee will, within the statutory period after written demand therefor by Mortgagor. exewte a release or satisfaction o[ this Mortgage. t6) Notwithstanding anything k this Mortgage or the Promissory Note secured hereby to the contrary, neither this Mortgage nor said Promissory Note shall be deemed to impose on the Mortgagor any obligation of payment, except to the extent that the same may be legally enforceable, and any provision to the ~onuary shall be of no force or effect. 171 All Mortgagor shall be jointly and severally liable for fulfillment of their rntenants and agreements herein contained and in said Promissory Note. (8) If any Debtor is a married person, he represents and warrants that this instrument hu bcen executed on his behalf, and that he has not executed the same as surety for another. c9) Each of us, whether Principal, Surety, Guuantor, Endorser, or other party hereto, hereby waives and renounces, each for himself and family, any and all homestead or exemption rights in the property comrcyed hereunder, either of us have under or by virtue of the Constitution or Laws of any State, or of the United Slates, or any right in :,~,e nature o[dower of curtest', of any statutory substitute therefor as against this debt or any renewal thereof. ~ 10) In the event the Mortgagor(s) trander(s) the ownership of the said premises, or any put thereof, the entire unpaid balance of the debt secured hereby shall ~mmediatety become due and payable. IN WITNESS WHEREOF the said mortgagor has to these presents set hand and seal this date iday 29, 1980 This Mortgage was prepared by Zadie Rowe , 2502 South Federal Hwy , Ft . Pierce , Fl. 3Sl+So (Name and Address of Natural Person Preparing Mortgage) Sighed, Sealed and Delivered in the presence of (SEAL) Wetness A/ortaraar ~ :l (SEAL) Witness / MO1fg°a'O' rrI'_=GIPIIA CAI?d ACKNOWLEDGEMENT I j STATE OF FLORIDA, COUNTY OF cT• L''`r?r ss 1 Hereby CMdy .that un this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take f acknowledgments, personally appeared ~'T". '~AIP: atld _ T'T!/'T,~TA CAT"~ 'ITC t.rT^C to me known to be the person(s) i dexribed in and who executed the foregoing Mortgage, and acknowledged before me that _ `:'F.F.Y executed the same. E Witness my hand and official seal in the County and State last aforesaid this ~ ?Qth day ,-:AY 80 _ . A.D. 19 ~ - , ~ i 8 NOTAAr PtJB! ~C. SU?E Cf fl..^•p~CA a' Lr.RCF ! }r_ ~"~'•~~h Mr CCAAtuttSS:CN EJSPiR~$ y FG tp, tggz tt: ~ h1V COMMISSIOk EXPIRES: ~ Notary Public. State of Florida of j ° ° - ' r ~a.-.:tom ..r• ( a ~ 1980 JUN - iQ 1 rt col A. ) a~lal r ~ r ~ ut~ vERSrrEO I..~ O ~ -4 8 G~ ~ ~ > ~ ~ ! = ~ ~ ~ O ~ ~ I~w1 r `C` ~ ~ liJ ~ Q t c~ t ? I .o ~ ~ ' WOK ~G PLGf • - ` ~ I~ "3..