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HomeMy WebLinkAbout0767 s i • , IT IS MUTUALLY AGREED THAT: 11) If the said Mottpgor shall tail or neglect to pay installments on sad Promissory Nute or on any other sdvana of obligation which may be xcured hereby at the same may hereafter become due, of upon default in pert as~e( any a nt hereunder. of upon sale or other disposition of the prcmixs by Mortgagor, a should any sction or protxeding be filed in any ~r~ t e force any clsim against of interest in the premix:, then all sums owing by the Mortgagor to the Mortga~e under this Mortgage of under the Tirdn Note x by shall immediately become due and payable at the option o[ the Mortgagee, on the cep Iptation of the Mortgagee, or assignee, a any person who may be entitled to the monies due thereon, In such event the Mortgagee shall have the tight immediately to fotecbse this Mortgage according to law for the collection of the whole amount of the indebtedness and interest thereon plus reasoaabk attorney's fees coat: allbwed by law and any amounts advsnad pursuant to this Mortgage. , 12) Mortgagor agrees to surtendei• ~osxsrion of the hercinabove described premises to the Purchaxr at the aforesaid sale, immediately after wch sale, in the event wch posxssion has not prcvausty been surrcadered by Mortgagor. and for failure to wrrender posxssion, will pay to Purchsser the reasonable rental value of the premix: during or aRer the redemption period. 13) In the event said premises are sob by Mortgagee Mortgagor, if a signer of the Promissory Note, shall be liable for any deficiency remaining after sale of the premises. sad application of /he proceeds of Bard tale to the indebtedness xcured and to the expenses of conducting said sab, incbding attorney's fees and legal expenxs if allowed by law, 141 Whenever, b the terms of this instrument, No l y rtgagee a given an option, such option may be exercised when the right accrues or at any time thereafter, and no scaptana by Mortgagee or payment of indebtedness in default shall constitute a waiver of any default then existing and rnntinuing or thereafter accruing. 1 1 S) If Mortgagor shall pay said Promissory Note at the time and in the manner aforesaid and shall abide by. rnmply with, and duly perform all the covenants and agreements herein. then this conveyance shall bs null and void and Mortgagee will. within the statutory period after written demand therefor by Mortgagor, execute a rekax or satisfaction of this Mortgrge. 1 16? Notwithstanding anything in this Mortgage or the Promissory Note xcured hereby to the contrary, neither this Mortgage nor said Prorilissory Note shall tx dremed to impox on the Mortgagor any obligation of payment, except to the extent that the same may be legally enforceable, and any provision to the contrary shall be of no fora of effect. !71 AU Mortgagor shall be jointly and aeverauy liable for fulfillment of their covenants and itgteements herein contained and in said Promissory Note. 181 If any Debtor is a married person, he represents snd warrants that this instrument has been executed on his behalf, and that he has not executed the same u surety for another. - ~9) Each of us, whether Principal, Surety, Guarantor, Endorxr, or other party hereto. hereby waives and renounces, each for himxlf snd family, any and all homestead or exem~Yion rights in the property conveyed hereunder, either of us have under or by virtue of the Constitution or Laws of any State, or of the United States, a any right >n the nature of dower of cwtesy, of any statutory wbstitute therefor as sgainst this debtor any renewal thereof. t l0) In the event the Mortgagor(s) transfer(s) the ownership of the said prcmiaes, or any part thereof. the entire unpaid balance of the debt secured hereby shall ~mmedistely become due and payable. iN WITNESS WHEREOF the said mortgagor has to these prexnts set hand and xal this date 06-1 ~-80 I This Mortgsge was prepared by (Name and Address of Natural Person Preparing ortgage) Signed, Sea[ed and Delivered in the presence of w (SEAL) . witness ~?INCIIrI' L ~•A" Mart l~ ~ ! (SEAL) Witness Mortgagor ACKNOWLEDGEMENT STATE OF FLORIDA, COUNTY OF em L'~C?E ss. i r 1 Hereby CMify that on this day before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared s and to me known to be the person(s) described in and who executed the foregoing Mortgage, and acknowledged before me that L?E executed the same. Witness my hand and official seat in the County and State last aforesaid this 1 E M`nr• day • ut JUtii; A.D. 19 ~ - - a; . ¢ cat°~ r~ rr~',-. AlOTApY QULiIIC. STATE OF FLORtOA AT tJtROE ~ r 3 ` ~ . .,v -r: Ey:uWRFS OEC to. 1982 - 7 • j d: - , MY COMMISSION EXPIRES:' _ Notary Plublic, Smu of FloridA~ r¢OZ~... ~ .•r` ~ < n C S O ~ y 3 x a ~ e. ~ s O O 'O ~ ~ N H ~ O< Q oo q O r n ~g ~ 2 4 ~ x ~ QQ~ H ! ~ O ; rn ~ ~ ~ _ q ~ ~ '=7 H O < < 7 f t7 ~ 5 ~ C `3 ~ ~ ~ ~ 1" ~ n t~ ` O Eo tlo we u H H r ~ n~~ d t PWTRII A y ~ ` ~ 7d ~ 1 N ~ ~ ~ > - ~ O` ~ O O ~1 ~ 4940 8 ~ ~ n c ~ I o o ~ 6~ t