HomeMy WebLinkAbout0939 the final maturity dste of the Note and of this Mortgage being v`-'- • i" - o
Note provides that ali installments of prinapal and interest are payabie at the office of Mortgagee, or at such other place as the holder
may designate in writing, and that each maker and endorser agree to pay all costs of collection, inctuding a ressonable attorney's fee,
upon default in the payment of the Note, and that if default be made in the paymer~t of any installment thereunder and that if such
default is not made good in aacordar~ce with the terms of the Note, that the entire principal sum and accrued earned interest shall
become due and payade without notice at the option of the holder thereof; and shali perform and comply with each and every stipu-
lation, a~eement a~d covenant of the Note and of this Mortgage, then this Mortgage and the estate hereby cxeated shall be void,
othervvise tfie same shall remain in futl force. Maker covenants ta pay tfie interest and principal promptly when due. Mortgagor
covenants to pay itte taxes and assessmenu on said property; to keep the improvements r~cw existinq or hereafte~ erected on the
property insured against loss by fire, hazards included within the term "extended coverage", and such other hazards as Mortgagee may
require and in such amounts and for such periods as Mortgagee may require, with a company approved by the Mortgagee, with a
standsrd mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee, and to keep the building on said land in
proper repair.
The loan represented by this Mortage and the Note is personal to the Mortgagor and the Mortgagee made the loan to the
Mortgagor based upon the credit of the Mortgagor and the Mortgagee's jud~nent of the ability of the Mortgagor to repay all sums
due under this Mortgage, and, the~efore, this Mortgage may not be assumed by any wbsequent hdder of an i~terest in the Mortgaged
Property, except as provided herein, without the prior express written consent of the Morigagee. If all or any part of the Mortgaged
Property, or any interest therein, ia sold or tronsferred (including a transfer by ageement for deed or land contract) by Morigagor
without Mortgagee's prior written consent, excluding (a1 the cr~eation ot a lien or encumbrance suhordinate to this Mortga~e, (b)
the creation of a purchase money security interest for household appliance, (c) a transfer by devise, descent or by operation of law
upon the deatfi of a joint tenant, or (d) the grant of any leasehold interest of 3 years or leu not containing an option to purchase,
Mortgagee may, at Mortgagee's option, declare all sums secured by this Mortgage to be immediately due and payable.
' This Mortgage shalt secure not only existing indebtedness, bui also such future advances, whether such advances are oW igatory
or io be made at the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent
as if such future advances were made on the date of the~~C~cution of this Mortsage, but such secu~ed indebtedness shait not exceed
at any time the _maximum principal amount of $ plus interest, and any disbu~semenu made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether
obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or aher the due date of the Note
or any other notes secured by this Mortgage. All covenants and agreements contained in this Mortgage shall be appficable to all further
advances made by Mortgagee to Maker under this future advance clause.
Shauld any of the above covenanis be broken then the Note and all moneys secured hereby shall, without demand, if the
Mortgagee sa elect, at once become due artd payable and this moftgage may be foredosed, and all cosu and expenses of collection
and reasonable attorneys' fees, induding costs, expenses and reasonaWe attorneys' fees on appeal, if collected by legal proceedings
or thraugh an attorney at lav+r, shali be paid by the Maker, and the same are hereby secured.
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
Signed, sealed and delivered -
in our presence: /
~ "
I ' - - _ - 1 ~ 'I ' (SEA~)
- (Mortgagor) Lawrence . 'fn+hite
/
> I ~ (SEAL)
o fMort gor) o ie . ite
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° STATE OF FLORIDA )
a U
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~ Q~~ courv-nr oF sc . r.u~~e ~
~ 3 ~ ~ 1 HEREBY CERTIFY, that on this day, before ~ne, and officer duly authorized in the Stu e,afo sa~'d a~d in
z~ ~ the County aforesaid co take acknowledgments, personally appeared Lawrence C. and BobbZe k't~zte,
h i s wi f e to me known to be the
j ~ ~ person .described in and who
~ ~ execuied the foregoir~g instrument and the~ acknowledged before me that they
r,.~ ~ executed the same. .
Z~ ~ WITNE$~ my,hand and official seal in the County and State last ~foresaid this ~ day of
i ~ ,f , A.D.. 19 ~ . ~
r- - %
.
Notary, Public .
~
~ My Cammj;si0n Expires:
P4-6014-000-7 Rev. 4/84 mw, , . ,
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~.~.~~i)~- in.
' ' ~ Direct Property Related
With Future Adva~ce Q
MORTGAGE
THIS MORTGAGE, made this 16fh day of October , A,D., 19 87
Lawrenc~ r_ Whira an.l Rnhhls~ i_ ?JhitP`~is„y,tifr~ (Mongagor) and