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HomeMy WebLinkAbout0958 o~' ~ ~ . ~ ~ 7. That (a) in the event of any such breach af this mortgage or any of the terms hereof or default on the part of the Mortgagors, or ib) in the event any sums of mo~ey referred to herein be not promptly and fully paid as the same become due and payable, o~ (c) in the event of defaul; in the payments under said promissory note; then, if any such defaults shall continue for a period of 10 days, the principal sum set out in said prArrissory note then remaining unpaid, and all moneys secured her~by, shall become and be immediate• !y due and payable at the option of Mortgagee without notice or demand (which are hereby expressly waivedl, and this mortgage may~ be fo~eclosed with all ~ights and remedies afforded by the larvs of Florida, including the appointment of a receiver, if applied for by Mort• gagee. In the event that Mortgagae shall declare the principal sum set out in said promissory note then remaining unpaid, and all mon• eys secured hereby, immediately due and payable. the Mortgagors shall immediately paY to Mortgag~e an art~ount equal to the amcwnt at which this note could then lawfully be prepaid plus any other moneys secured hereby. 8. No delay by F~Aortgagee in exerclsing any rlght or remedy hereunder shall ope~ate as a waiver thereof or preclude the exercise thereot during 1ha contlnuance of any default hereunder. No walver by Mortgagee of any default shall constltute a waiver of ot consent to subsequent defaults. . 9. Thls mortgage ~nd the note secured hereby constitute a Florida contract and shall be construed according to the laws of that stateexcept as modlfled or preempted by appflcable faderal laws and regulations. . 10. It is understood and agreed that thls mottgage Is given to secure, ln addltlon to the note or obltgatlon ~bove descrlbed any addl• tlonal loana or future advances made withtn twenty yaars t~om date hereoi by tha mongagee to agtd mortgagors or any ~uccessor ln tl• tle of said martgagors of the property hereDy conveyed; provld~dpur t~~ie~~o8anuc{~RN~nee1Hundr~tde3eventyne~srQeur~e~d~e~~b~~t0 any one tlma shall not exceed the maxlmum princlpal sum of Dallars (S 4973.4T plus interest thereon, and any dlsbursemenis made by the mortgagee for the payment of taxes,~ levles or Insurance on the property encumbered hereby, wlth Interest on such dlsbursamanta. ~ 11. Mortgagors hereby covenant, agree and fully understand that should mortgagors bankrupt, either voluntarily or invofuntarily, and said bankruptcy affects the prnperty hereby mortgaged, default in ~e payment of any due and regu~arly scheduted payment pursuant to the terms of this instrument must be cured within twontynine (29) days from said due date. The covenants and agreements contained in this mortgage ~hall run with the land and bind Mortgagors, the heirs, personal repre- sentatives, successors and assigns of Mortgagors and all subsequent owners, encumbrances, tena~ts and subtenants of the premises, and shall enure to the benefit of the Mortgagee, the successors and assigns of the Mortgagee and all subsequent holders of this morxgage. IN WITNESS WHEREOF, the Mortgagors have executed this instrument under seal on the day and year first above written. f (SEAL~ f , ' (SEA+Li " STATE OF FLORIDA (S~AL.) St. Lucie u'~ COUNTY OF x ISEAL) ~Ct3 r, (y r~ Before me personaliy appeared ~ ~ ~ ~ ~ - , ta me well known and known to me to be the individual described in and who executed the foregoing instrument, and acknawledged be- fore me that ~~'K executed the same for the purpose therein expressed. ~ I~,fITNESS my hand and official seal this ~O~` day af ` .19 ~ r~~~~~~'`'J Name and address of person who prepared this instrument: Notary Public, State of Fiorida C~rol Ingle . at Large. . " . P.O. Box 3847 My commission expi~es: - , ~ c...'.~j°~ - Ft. Pierce, F1 33448 ' 'f ' F~ i~'''j~p ( :Y P li~ Ii: Sth. i93~ - ~ 4" , ~i~~i~- ,.,c it[. c~~'" . ~ , a~r.e . : - ~'j i(~,k`,IG'. . ~ ` :.i~ • ~~'br~' : ~ ; ~ • ` ~r• ' n:r G~~'f~ - e . . E~''{: _ _J v 4 r Bil!.:`= • ' G~..:'~ ~ '`c• ~ ~ J~ ,C. . ` ` ,I~ ~ • ~ ' r. . •g,~ ~P 24 P12 ~29 . '..`:;f fIL~.O t;~,~ ~ ~OGE ~CIE COiir,~Y. Fl-. p ST. L . z ~ ' ~ ~ w ~ C7 ~ ~ . z o - ac O v = w - ~ W BOQK PACE e~5~ ~ u. 't 4 . . '