The URL can be used to link to this page

Home My WebLink About0955 ; ~ - 1 1 ~ i I ~ 1 This Mortgage is gi~•en to sccure to Mortgaget payment of t2'k~~ certain Promissory Note , even date herewith, made ! by {~lY~ ~ ELIY~ ~l~.'Y his wife ` e ~ in the original principal amount of S~~ 972 • 04 , accruing intercst u the initial rate of ~.~fc per annum «e the principal amounts remaining from time to time unpaid, which note is payable to the adcr of Morigaga, u P~$. F.$. ~ 5404 C~press G~enter Drive, Suit~ 260, Z~~a, Fl. 33609 F S l_~ • ~ ~ , _ . . `j ~ , ~ ` r . ~ i?'i: , c n ~rF. L~ £ - i _ ` r i i;` . ~ ; ~ ; . L S : ~ - ~ ~ - i , ~ ~ Until full paymcnt of such Promissory Note(s) or any extensions or rcnewals thertof, in whole a in part, and until payment of all other indebtedness ~ or liability that may become due or owing hereunder and secured hercby. if Mcxtgagor shali faithfullY and protnptlY comply with and perfomi exh ard every aher covcnant and provision M1erein on the part of Mortgagor to be nxnpliod wiih and perfomied, then this agreemeni shall be void. ' ~ Mortgagor agrees that any addicional wm or wms advanccd by the thrn hdder of the Ndc secured h~reby to or for tfie benefit of Mortgagor, wtxther such advances arc obligatory a rtude at the optan of Mongagee, or dhcrwist, at ~ny time within twrnry (20) years from thc date of this mortgage, with intercst thercon at the rate agreed upon at the time of cach additicaul loan or adv~nce. shall be equ~lly securad with and have thc sazne priority as the aiginal indebtedness secured hercby and all such sums shall be wbjut w all of the temu and provisiau of this r.wngagt. whether or nol such addiiia~al loan or advance is cvidenced by a prumissory note and whether or not identified by a tecital that it is secured by Ihis mortgagr provided that thc aggregate amount of principal indebtedness outstanding at any one time shall not excoed the sum of S~,~A and provid~d further that it is understood and agreed that this futurc ad~ance provision shall ncx be construed to obligale Mortgagee to make any such additional loans or advanca. It is furttxr agretd that any additional note or notes ezecutrd ard delivertd under this future advanec provisioe shall be included in t!x Word "Note" whert~~er it appears in :he contezt of this Mortgagc. i And Mortgagor hercby fiuther covenants as follows: f ~ 'Fo comply with and perform exh and every covenant and provision of any rtartgage srnior to this Mortgage. ~ To pay, with interest, the Note and any extensions or renewals thereof, in wfiok or in part, and all otF~et indcbtedness or liability 1?ercby secured, ~ howt~•er created or cvidenced, prompdy when the same respecUVdy becomes due; to pay and/or discharge any other amounu, indtbtedness andlor liability that may in the futurt become dtx, owing or outslanding from Matgagor to Mortg~gee, however the same may be or may have been contracted, evidtnced or xcnxd: to pay all tues u?d acseuments kvied or assessed upon the Roperty beforc the same become delinquent, and in no event to permit the property. ~ or any part thereof, to be soid for nanpayment of tazes nr asxssments; to keep 1he Property in good rcpair ud to pem?it, commit or suffcr no wastc, ~mpaimxnt or deteriontion thereof: to mmply strictly with all laws and govcrnerxntal rcguiations and ruks affating the property or its operation: to paY ; all ta~es that may be kvied a assessed on this rtwctgage or the moneys sxurcd hercby; to pertnit no mechanic's or othcr liens arising either by contract ? or by law, to be crcated or rest upon all or any part of the Properry fa ten days without the sune being paid or Rleased, and dixharge of the Praperty s ~ tT?erefrom procund; ard to pay all ecxts and e:pensu incurred or paid by Matgagoe in colkcting the moneys h~r~by stcurcd or in enforcing or protecting s ~ the ~ghts and security of the Mortgag~e herew~der, includ~ng rcasonabk attorneys' fas incurted out of court, at triaf, on appeal, a in bankruptcy proceedings, ~ io the event the Mortgage and thc Nae or osher evidcnce of liability be placed in the hands of an attomey fa colkction. ~ Mongagor further covenan[s to keep the buidings, swctures and aher improvements now or hercafter erected or plxrd on the prcmises and constituting ~ a part of the Mortgage security ronstantly insured against all loss or damage for the full insuraDk value of the Property for fire, windstortn and extended coverage in insurance companies satisfactory to Mortgagce (but Mortgagee shall rat be liable for the insolvency or imsponsibility of any such companies,) ~ wh~ich poticies shall provide fa rat less than 10 days written notice of carKellatia? w mortgagtt, and to pay promptly all prcmiums for such insurance. the policies reprcsenting which shall bo delivered to and held by Mortgagtt u additiaul security for the paymeM of the indcW~dness atd liabiiiry secured ~ hercby. All sums rccmerable on any such inwrance policies shall be rtude payable to Mortgagee by a loss payabk clause satisfactory to Mortgagee, to be at~achcd to such policies. ln the event any wch insurance policy shall expire dur.ng the life hereof, Mortgagor agroes to procurc and pay for renewal ~ thercof, with the abovc rcquircments, rcplxing wch ezpircd policy, and deposit the sune with Mortgagce, together with rcceipts showing payment in full of prcmiums therefor, ten Jsys prior to the expiration date of sach policy. In case of loss Mortgaga is hereby audiorizcd to adjust and sedle any claim under any such policy and Mortgagce is authoriud to colkct and rcceipt for any wch insurartce money and to apply the same, at Mortgagce's option, in reduction of ehe indebtedness hereby secured, whether due or not, or io albw Mottgagor to use such insuranct nwney, or any part thereof, in repairing the damage or restoring the i mprovements or other praperty without afferting the lien txreof for the full anwunt secured hereby. It is further covenanted the Mortgaga may (but shall na be obligued so w do) advance ma~eys that should h~ve becn paid by Mongagor hereurder in order to protect the lien or socuriry hercof, apcLMy~tgagor agrces without demand to forthwith rcpay such naney, whieh uraunt shall bear interest from the date so advu?ced until paid u the rate of Il • 7 per cent, per annum and shall be considered u so much additional indebtedness securcd hcreby: but ra p~yment by Mortgagee of any such maxys shall be dcemod a w~iva of Mortgag«'s right to declare the principal sum due hereunder by reason ~ of the default or violation of Mongaga in any of his covenants hereurder. hiortgagor further covenants tfiat granting any utension a extensions of the time payment of any put of all of ~he total indebtedness or liability secured hereby, or taking aher or additioral serur~ry for payment t}~ereof, shall rat affect this matgage a the righu of Mortgagce hcnunder, or operate as a release ` from ~ny liability upon u~y put of the indebtedness hereby secured under any covcrtant haein contained. ~ It is furt}~er covenanted and mxie of the essence hereof t}ut in case of default for ten (10) days in the pertornunce of any of the covenants herein ~ on the put of Mortgagor, then it shall be optional with Mortgagee to cauider all w~rtuturod indebtedness o? liability secured }xrcby, and accnud interest ~ thercon, u immes+iately due and payabk, without demand and witt~oitt notice or ~eclaration of said option, and Mortgagoe shall have the right forthwith ~ to in;titute proc~sdings to rnforcc the colkction ~f all moneys secured hereby anNor to forcrloae the lien hereof. ft is further stipulaud u~d agreed by and between the parties thu the Mortgage+e shal! have the right to exercist any option or privikge herein given or rcserved and to en(orce anY duty of the Mortgagor at any time without further or other ratics regardkss ot any prior waiver by Mcrtgagte or defautt of Martgagor or dday by ~iv(or~paga in eaercisir~ rr?y right, option, a privikEe or enforcing such dury of Mortgaga, and oo wtiver by Mortgagee of dehult of Mortgagor nor delay d Mortgaga in 'exuciting any right, privikge a optioa or in enforcing any dury of Mortgagw shall be deemed. held. or consuoed to be a waiver of any ~ the artns or provisions of this Mcxtgage or of any wbsequent or continuing defautt. -r ~ t1R QRt;E ~ ' - - - - _ _ ~ k ~ _ - - ~