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~0. 1ha1 Mwtpapor wiN nol psrmq ~MI olhsr Nvns io be IIIsO a•~Mst th~ iald pnmis~a ~od N ~ny such Il~ns ~n Ilkd whelt+K psramotenl a subo~-
I~tN~ lo tf?h m0~lpap~, Morl9spo~ wIN h1~v~ or cRUS~ to b~ had NId Il~n~ dNd~ar~d In+++~~dlll~ly.
! 1. Morlp~~s~ ~MN h~ve lh~~Ip~l lo charpi Malp~por~ ~ooount wNh Mori~~ tor fh~ Mt~r~tt snd Wlnck?a~ psYabl~ ~s Mo~?id~d M tho prombsary
f~~ ~a tuoh b~com~s du~ !n ~oco~tfat~as fh~~ewlth ' ,
Z~. N IM MoHWpe~ rpueN Mottp~ he~eby coretwnf! uidw re~a Ihst MortQspo~ w~ill lumbh 1M Mottpapo~ ~nnuai1y ~Ita~n tM dRN oi thi
na~tq~ h~~u+ntnl. unNss sans ot~ dat~ h a~~ed to btlween ths p~uths In wrNkp. M cs~tiiNd ~udlt~d tlnandal atdanan! o! ths Mai9~ ~nd ~n~wa!
oannpl~~openl1n~ slelem~nlt of Maf~qa, H Ihs Mat~~~ tlecai a aNndu y*~t ahaq nat ool~idaw!!h Ihs dat* hsrsln e~Nd? IM+~ Ih~ d~l~ whbh
Ih~ Malp~pa shNt ~pscNy:haN bs controlqn~. MatQaOa ahail supphr Mort~pN wNh ~u~h othH Iln~ncut ~talemNrb a Mor ~pN n?sy IroM finN lo tim~
~pws1.
23. q h aqned 1l~at nol~Mrsln caM~{ned not ~ny ir~nsecllon tNalpd th~nto s1+iM1 b~ consltued o? ~o vpsrNi to ~a4ukt fM Mortpsqot to pay
Int~~eN N~ nl~ pt~Ntr th~n It now i~wlul k~ such cue io conlnct tor. or to m~ke ~+~Y paYm~n! a lo do ~ny ~ct coMnry 1o Ishr tluil N eny d~us~i or
provMfora IHntn ooMaMed op~rsta w wouid pro~pec:IH~ly opK~le to IrweMd~te lhN Mor~a w s~M Noi~ Ir~ whoN a In pa~t. l~n ~uch e~wa~ aed
_ ppvf~lon~ vnly ~haN be h~ld lor a~uphl. a thoupl~ no! hereln contain~d ~nd Ih~ ~~m~M?d~r o! t Mortqa~ ~1 remaM opsnlNS ~nd In IuN to~ ~nd Ni~cl.
Z~. N ~A ar sny peN ol lhe morl9~ped prq~y ~hrtl bs dam~ped or t~ken throu~h condemn~iion (which term when used M tMs matpps ~N Mr
c~ ~ny dameqe or lakkq~y soy ~orerrunentRl aufhorNy~ ~nd any i~a~s~ler t~yprfvals s+le ~!!eu Itis?saq,,etthsr Iempor~~N or ~ma~en~y~ Ihe ~nIH~ tM
debiedn~a ~td Mr~py si~a1~ s1 tho oplbn oi tbe Mort a bacon?e Imme~etey chee ~u?d p~y~bi~. Ths I~Aalq+pe~ ~hstl be entMNd to ~il ooa~pna+~tbR
wrud~, and othK R~Ymenis or ceNel Ihsretor and {s M~ r•u~n«~ed •t ps o~~on, ~o co+~menca •aw~~ tn.nd ao.eou~a i~ n• own «~h. o~?o~Qwa's
Mm~ ~y iCl1011 Cf PfOC~ldlitW [OI~IIt1Q 10 MY OOItdMIMt10~ Alld 10 =911~4 W COrttp~WllNe ~Mi d~li!! M OOfln~Q11011 thOtlWllfl. A~I =W~1 W111pMqtI01;
•rvarda ~lsrnap~s, Chim~ ~qAti ol ~ctbn ~nd p[oCStds snd lhs tlph! Ih~rotO W~ hote0y ss~ipMd b!? Ilt~ MO~tSl~por totlt~ Mon9ip0e~ tYh0.!lNtdt~udinp
~anlrqn ~ qs o~mes. N+dudinp Nlomeys lees. ~y rele~ ~ny moRk~ so r~celved by N wHhoul ~lf~cllnp !he I~K d lhis mo?tq~0~ a+M1? ~ th~
Mm~ M wch msnner as i1w Morlgaqer~ ~h~l! deisrmMe, lo tM ~aductbn oi t!~ wms Ncuted hetebY~ ~nd lo~hy preMynMnl ehupe herNn ptov{d~d? •~nf?
b~l~nce oi su~ monktlh~n ~en~e~haN b~ paM to tM f~1o~1ps~a. Th~ MartyWor ~p~est io execut~ suah fwlh~r salQnn?eMs o! sny compss~Uon~„
. ~wu~? d~lm~ riphts ot act ~nd p~ac~eds a the Mortqsqee mfy rpWra
26. In ths hrsM thh matqaqs b wnfor ~nd Inlerfor lo ~+~y ofhe~ mort~sqe ~nd/a Nen on ihe abovrdesc?lbed ro~llxoperty, ~nd thh motlqw~e h piw~
en
wilh iaM knowfedqs of wch sut~rtw malp~gs ~nd/a bsr4lhat iatd wperlor mort a~e endla Ikn wiN tiei P~py ~4Wa in accordaex:e wNh iM f~rms and
oondi~lonslhereolwilhoutt~ga~dtoanyq~~ceperiodaconlaMedtherslnst~dl~retompksuidp~ymentwiNconNNuteanaulom~llcdel~uttMthUmort• '
~e~ndihevrhola ol ~sid prfnGipsl ~Vm secureil heteby sheplmm~dietsly bsCOme duO ind psyubte ai thepp1ion M Ihs Malps9ee. Ad~tbn~ly~ iM det~uN
In !h~ p~rtom~ance o! ~ny o1 tAe terms~ provislo~s, coven~nts. or sp~esmsnts oontsMed in a~Y suPerlor n~or~~s0a and/or Nen, or Ih~ comrt~enceMlnl ol u~?
~clbn to fo~edose rny said wperlqr matqape ~nd/a Ib~. shaH constltute an sutom~tb d~fault In ihb mortp~~e and the whole ol said prl~cip~l wm secur~d
1?Kiby sh1~N Immadtalely bscoms dus ~nd psyable al tha optio~ oi ths Matpapea ~
Z8. Thh mat~ays shall be construed as a tecudty sqreemenl under the Floridq Unliam Commer~lal Code.
27. Othsr provhbns:
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IN WITNESS WHEREOF, lha Morfgegor haa execuled Ihese preaenls u~der asal Ihe day and year Ihst above w~ilten.
~ (Se~ry
Jo n E. La ~ eortowtr
Q - oY~Y l8e~A
Dorid L. Lay ield
, INDIVIDUAL ACKNOWLEDl3EMENT Q~~A~J
C7 rJ~•s ~
Q~ {"{A~ G / IuO
$TATE OF ~'ORIDA ~
~ :aa FILED E~i~~~ ~~~icu
sT. Luci~ -
couNnroF ? ~ DOUGLAS t~i:C~.;:fi
- , - - SY. IUCiE C~l`!t1 F~..
T1iQ,~1p1~qQ~Ml,~nstrumenl was acknowledyed belws me ~n~s 13th d,y or I~iBrCh .
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`•`JO~W~~$..°'`I.AYFIELD an~ DORIS L. I.AYFIELD, his wifQ
19 by ~
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~COA~~Nb j~LIC STAtE dF fLORIDA ~~'S~Yl/YI ~
~"•~~~'~~~,~f !Ix' COl114tSSI0A EXP. NOTAHY PUBUC ~
. !~F.i3 Tun~, r-.. ; • ' • ~ ~
~ ~ ' ~ CORPORATE ACKNOWLEAGEMENT
StATE OF ~
- . _ :ss
COUNTY OF ~
The laeyoioq inalrumeM was acknowisdQed .betae me thls dsy ot ~
19 - by end ~
re~psciNely Preaident and Secrolary ol
~ a corporat~ on beMlt
ol said corPontbn. .
My Cammission ~xphss: ~ ~ ~ ~
NOTARY PUBLIC
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