HomeMy WebLinkAbout1867 1
i
t
may be necessary for Bankers to obtain title insurance not
• ~
subject to the lien of the Costa Oceanview Mortgage or any ~
rights of the Trustee or either of them or persons claiming by,
through or under them. Trustee represents.andywarrants to
Bankers that it will own and hold and continue to own and hold
the proposed Costa Oceanview Mortgage and Costa Lakeview -
Mortgage outright with full right and authority to satisfy same
and to make and effect the agreements herein.
c) Notwithstanding the provisions of subparagraph
b) above, Trustee shall have the right to pay in full the
indebtedness secured by the Oceanview !?tortgage held by.Bankers
i -
together with any and~all cost, expense and attorneys' fees
` incurred by Bankers within sixty (60) days after Eankers shall
i
~ have recorded a deed in favor of Bankers to the Oceanview
Property in lieu of foreclosure or within sixt (50) da s after
t Y Y
Bankers shall have filed a foreclosure action on the Oceanview
Mortgage and thereupon obtained all right, title and interest
in and to said property or in and to the Oceanview Mortgage as
the case may be. It is understood and agreed that the remedy
rovided h rein w'
p e ith reference to the Oceanview Mortgage shall
be in lieu of any other remedy Trustee may have or claim under
the Costa Oceanview Mortgage or at law or in equity, all which
~ ~
f other rights or remedies are hereby expressly waived and
6
ao~342 P~~E1866
M[11SMON,SAWI/ER~JOMNSTON.OUNWOOr i COLE,Id00 SOUtMEAST IIRST NATIONAL 6ANK BVILOINO.MIAM1,/LGIIIOA »I~I
6
t - ~ _ ~