HomeMy WebLinkAbout1407 15. This mortgage also secure any and all renewab and extensions of the promissory note referred to herein and
secured hereby, and all installments thereof, and also any other notes which have been or may be given to the Mort-
gagee by the Mortgagor, and any other indebtedness of the Mortgagor to the Mortgagee which, however, shall not exceed
at any one time the aggregate unpaid principal sum of .TM1.0 .HUNDRED. THOUSAND. ANQ .NQ/.1Q0--------------
DOLLARS Ii.ZOfl,(1DQ.fl0.......).
it being tM specific intention that further advances may be made by the Mortgagee at its option to the Mortgagor, either
prior to or after the due dates of the above referred to promissory note hereby secured; and this mortgage is given for
the specific purpose of securing any and all indebtedness by the Mortgagor to the Mortgagee in whatever manner the
same may be evidenced or represented, until this mortgage is satisfied of record: and all covenants and agreements con-
tained in this mortgage shall be applicable to all [urther and future advances made by _the Mortgagee to the Mortgagor
and all other indebtedness of Mortgagor to the Mortgagee, and any and all renewals or extensions ther~vf.
16. It all or any part of the property or an interest therein is sold or transferred by Mortgagor, excluding (a) the
crretion of a lien or encumbrance subordinate to thin mortgage or (b) the creation of a purchase money security inter-
est for household appliances, then, in that event, the then outstanding principal balance of the note secured by this
mortgage. together with accrued interest, costa and future advances, if any, shall immediately be due end payable. Any
such transfer or conveyance made without satisfaction o[ this mortgage shall rnnatitute a default under the note and
mortgage securing name.
17. It Mortgagee deems itself insecure, or upon the happening of any of the following events, each of which shall
constitute a default hereunder, all liabilities of each Mortgagor to Mortgagee shall thereupon or thereafter, at the option
of Mortgagee, without notice or demand. become due and payable: la) the death o[ any Mortgagor (which term shall
mean and include each Mortgagor, co-maker, endorser, surety and guarantor of this mortgage); Ib) the filing of any
petition. under the Brankruptcy Act, or any similar [ederal or state statute, by or against any Mortgagor: (c) an appli-
cation for the appointment of a receiver tor, the making of a general assignment for the benefit of creditors by, or the
insolvency of any Mortgagor; (d) the entry of a judgment against any Mortgagor: le) the issuing of any attachment or
garnishment against any property of any Mortgagor: (f) the taking of possession of any substantial part of the property
of any Mortgagor at the instance of any governmental authority; Ig) the dissolution, incompetency, merger, consolida-
tion. or reorganization of any Mortgagor.
18. This Mortgage Deed and the note it secures shall be construed only under the laws of the State of Florida.
PROVIDED ALWAYS, and this mortgage is on the express condition, that if the Mortgagor shall well and tnrly
pay unto the Mortgagee the said sum of money mentioned in said promissory note referred to herein and secured hereby
and any renewals or extensions thereof, any further advances and any other indebtedness referred to herein, in what-
ever form, and the interest thereon as it shall become due, according to the true intent and meaning thereof, together
with all costs, charges and expenses, including a reasonable attorney's fee, which the Mortgagee may incur or be put to -
in collecting the same by foreclosure or otherwise, or in protecting the security o[ the Mortgagee, whet,~er by aui~~T
otherwise and shall well and truly keep, observe, perform, comply with and abide by each and evet~.;tlieE 'Iiet~,`'
agreements, conditions and covenants of said promissory -note and this mortgage as and when requi - _ -c>ii~,~'~_
mortgage and the estate hereby created anal! cease and be null and void, otherwise the same sha)r~:'- ~ ~ _
force and effect. -1t4 k* .
IN WITNESS WHEREOF the said Mort a or has made, executed, sealed and delivered di
snd year first above written. " , - C.•-= -
-c t' :~A 1
Sign sealed and delivered r _ •
;n presence of:,,Q ISLAND VILLAGE OF HUTCH. ~ ' `
D~YELQ~M~NT ~QRPQRATIQN~ - `i
• -
BxIts Press ;y:,i:~{,tL):
. r . SAND -DOLLA VILLAS _DEV. - OPMENT;~A~CN!l.
' . - Bit . f?-t ~ .G~~~L.Fx1- ' (s1tiA`I/Y
Its • Presi nt _
STA OF FLORIDA j.:
~ ~ s,I- v i.~--
i COUNTY OF = ,=L~
Before me personally appeared . ~ ;G
)T ~.-•1~.' .
to me well known and known to me to be the individual or individuals described in and who executed the foregoing Mort-
gage, who acknowledged before me the execution of the same freely and voluntarily for the therein e~tpreased.
WITNESS my hand and official seal this - - . ca'•Q day of A.D., ~ i
~ .rj;:-
[j! .~1 st:
~jY~i. o~^~
Notary Pub IAtY ~ • `c ~~c
My Commission Expires: MIIC STA1E.
ila Qarwt~oN plili ' +!q ~ r
~ ~ Ga~eat t6~
STATE OF FLORIDA . a ~
COUNTY OF MARTIN 'y~ • ~ ...=;r•~• ~t~`
3 %$fl'~3F~ti
I, a Notary Public, hereby certify that ..TONY- •$UTULUNGO '
i a~ personally appeared before me. and f.
being duly sworn according to law, acknowledge that they are P.residetlt .of.. Island. Ifi l.tage. Af. HutcbinsOXl,;;-.- , €
Island Development Corporation and Sand Dollar V'11 D v to me t Co~porat'o ~
the~rtg~gor herein lamed, t ~ate.,,~' S
duly authorized to execute, acknowledge and deliver the said mortgage for the purposes therein expressed. <-1;::~ ;Ji'.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my notarial seal this . - i~, l
say of ~..~Un@.. A.D., 19.$0. ~•a~`
P Notary Public MIIC AA1f'~r•••} , ~
My Commission Expires:
c~~ iA CIOiMI1fk,IlON ~/,j~;
Btl~c~JJ r1.t*1~ ~~ti .owom ><!.u ~ ifs: ~f~1DQ1AlI11T~ ,
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