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7. That in the evtnt of any su~h Ixeach of thit mo?t~q~ o~ ~ny of th~ terms henof or detauit on the part of th~ Mort~9ort, or
lb) in th~ event any sums of money ?eftrr~d to herei~ bt not promptly and fully paid as the s~me becom~ due ~nd pay~ble, or tc) in th~
event of def~ult in the q~ymentt unde~ said promiuory ~ote; then. if ~ny =uch def~ults thNl continue for ~ perlod of 10 d~ys, the
princip~l sum sat out in s~id promissory not~ the~ rem~intng u~p~id, snd ~II mon~ys stCurad her~by, sh~ll becom~ ~~d be immedi~ta
1y du• snd p~Yable at the opNon of Mortgaqee without notice or demend (which u: hereby expnuly waived), and this mort~~e msy
bs foreclosed witFt all rights ~~d ~amedies afforded bV the I~vrs of Florida, i~ctudinp the ~ppoi~tment of i receivtr, if sppited tor by Mort•
g~~. In the event that MortgagQa shill declare the principel sum set out ir't tild promissbry n8te th~~ rem~intnp unpaid, ~nd all mon-
eys s+cur~d hereby, immediately due and pay~ble. ths Mort~gor: sh~ll imrrkdi~qly psy t~ Mottq~ge~ an smount equ~l to the amount
at which thi: note could then Iswfully be prepaid plus ~ny other moneys ssr~ired he~etfy.
8. No del~y by Mortya~se In exe~clsl~ ~ny rlpht or ~emedy hsrsunde~ shall opa~~te as a watver ths~eof o~ precluds the exerclae
thu~of durinq the contlnuancs of ~ny default hsreunder. No walver by Mon~apee of any dafault shall constltute ~ walve~ of or c~+naent
to subsequent dehults.
9. Thls mortq~ge~nd ths nOts secuced h~nby constttute a Florid~ contract and shall bo co~atrusd sccordlnp to the laws of that
st~te except aa modifled or. prl~empted, by ippqcaDle t~eral lawa and ~eflulatlona. ~ .
t0. It i~? underetood ~nd a~rosd that lhls mo(tpap~ le qtvs~ to secun, tn addltlon to the note or obllgatton ~Dovs d~scrlbed any addi-
tlon~l loans or tuturo sdvances mada wlthln twenty yws from date hsroof by ths moltppee to sAld mortqapors or any auccssso~ M tl=
tte of sald rno~t~~ors of ths propsrty herabjr conveyed; provld~d that ths totsl un ald cs of ttif Indibt~dn~~s hbreby at
any one ttme shall not excNd ths maxlmum pnncl I f
Ooilus ~ ~ pfua intersst thsreon~ ~nd any dlsbu~aements
made by the mo~tpa~ee for the payment oi ta~ies~ tevlss or Insunnc~ on thb prop~rty sncumbered hereby, wlth Interaat on such
dlaburosments.
11. .Mort~eQors he~eby covensnt, agree snd fully unckrstand that shoutd mbrt~9ors bsnk~upt, either voluntarily or involuntarily~ snd
said bankrup~cy sffects the property hs~eby mortg~qed, ~fault in tht psyment of any due and ragulsrly scheduled payment pursu~nt to
the tem?s of this instrument must b~ cu~ed within twentynin~ (29) day: f~om said due dste.
The covensnts and agreeme~ts. cattained in this mortgage sfiall run with the land a~d bind Mortgagors, the heirs, personal repre-
sentatives, successas-and-auigns of Mortga~ors-and~ail'subsequent owners, encumtxances, tenants and subtenants of the premises, and
shall enure to the benefit of the Mortgayee, the successors and auigns of the Mortgagee and sll subsequent holders of this mortQege.
!N ~ E&S WkEREOF. ths ort~~cxs h~r exesutzsi ihis ins ant unrlar soaf tha daY ar f~rst abava written.
ISEAL)
(SEAL)
STATE OF FLORIDA . (S~AL)
ss..
COUNTY OF ' (SEAl)
Before m~ parsonaUy appeared
.
' to me _HrelLkno~vn_and known_to me to be the individual described in and who executed the foregoing insvument, and acknowledged be~
;
E fore me ti'nat executed tfie same for the purpose therein expressed.
~ WtTNESS my hand and official seal this 7 day of ,~g
~
Name and address of person who prepared
this instrume~t: , Nota Public, State of Florida
.;~~::t:x:.::e;.d~. at Large.
~ ~Q~''•'•. My commission expires: kG+t~'f Pu9iIC SiA*E CF fl?R10A
` t~~o~' t6: ;i~ayt•'•~~ RY ~,!r1iSSIGR E::P. FEti 21.1991
~ By?':::~ TN~it GEkiP,Al IMS. UND. ~
; ' • t.-c ' ~ ~ ' % '~A 'trI 1Yi13t79 AYlI! Q3QROQ
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