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Home My WebLink About0947 ~ . . 7. That (a1 in the eveni of any such breach of this mortgage or any of the terms hereof or default on the pa~t of the Mortgagors, or (b! in the event any sums of money rPferred to herein be not promptly and fully pai~i as the same become due and Qayable. o~ ~c) in the event of default in the payments under said promissory note; then, if a~y such defaults shall continue for a period of 10 days, the principat sum set out in said promissory note then remaining unpaid, and all moneys secured hereby, strall become and bR immediate- ty due and payable at the option of Morigagee without nocice or demand (which are hereby exp~essly waivedl, and this mortgage may be foreclosed with all rights and remedies afforded bY the laws of Flo~ida, including the appointment of a receiver, if applied for by Mort- gagee. In the event that Mo~tgagee shall declare the principal sum set out in said promissory note then remaining unpaid, and alt mon- eys secured hereby, immediately due and payabte, the Mortgagors shall immediately pay to Mortgagee an amoant equal to the amount at which this noie could then la~vfully be prepaid plus any other moneys secured hereby. No delay by Mortgagee in exercising any right or ~emedy hereunder shall operate as a waiver thereof or preclude the exercise thereof during the continuance of any default hereunder. No waiver by Mongages of any default shall constltute a waiver of or consent to subsequent de(aults. 9. This monflage and the note secured hereby constitute a Florida contract and shall be construed according to ths laws of that stateexcept as modifled or preempted by applicable federal laws and regulations. 10. It is understood and aareed that this mortgage is given to secure, In addltlon to lhe note or obllyatlon above described any addl• tional loans o~ future advances made withtn twenty years from date hereof by the mortgagee to said mort9aqors or any successo~ in ti- tle of said mort a ots oi the ro riy hereby conve ed; provld th~ the to tal ~~n bal Qf ihe ir~g any one time shall not exceedthe maximum prlncip Y y~9~, ~v~ ~7ouB~7d Q]epHi~[~~~ 1~8 & W~~ Dollars (S ~a~u1•W ptus interest thereon, and any dtsbursements made by the mortgagee for the payment ot taxes, levies or Insurance on the property encumbered hereby, wlih lnterest on such disbursements. 11. Mortgagors hereby covenant, agree and fully understand that should morigagors bankrupt, either voluntarily or involuntarily, and said bankruptcy affects the property hereby mortgaged, default in the payment of any due and regularly scheduled payment pursuant to the terms of this instrument must be cured within twenty~i~e (29) days from said due date. The covenants and agreemenu contained in this mortgage shall run with the tand and bind Mortgagars, the heirs, personal repre- sentatives, successors a~d assigns of Mortgagors and all subsequent owners, encumbrances, tenants and subtenants of the premises, and shall enure to the benefit of the Mortgagee, the successors and assigns of the Mortgagee and all subseGuent holders of this mortgage, IN WITNE W ER~OF, the Mortgago~s have executed this instrument under seal on the day and year fi~st above written, ~ Jr~~ lSEAL) l~ " ' 1~ - C~-~ ISEALI STATE OF FLORIOA (SEAI) ss.: COUNTY OF _ ~t• i~i° ~.antY (SEALI Before me personally appeared ~ to me well known and knanrn to me to be the individual described in and who executed the foregoing instrument, and acknowledged be- fore me that t~ executed the same for the purpose therein expressed. NlITNESS my hand and official seal this 14~1 day of .18[X]B[Y ,~g ~ , , s i Name and address of person who arepared ~l:-x_ l~ ~ this instrument: Notary Public, State of Florida ~ Vit'QlO~e ~reCe at ~arge. NOt~ry Pe6&. State of Aoridi ~ ~979 14tb Ave. My commission expires:~r ~,,,;ssion E,cpires ~„r ~qgp ~ i~,,~,~ ~~,,,y~ y~ ~yy~ h~bd Thn Tror fuw I.sws+c• I~c. YC[.V ~'7L71~ C`+ ,7G71,+V . . ' - ..,~,~~I! . ' j~~).'~ i o F . Y ~ ~ ~ ' I` ~ . - . ~ . • • i ' j ~t . ' • ' 1 , \ . . _ ~ l~ ~ . ~ ~ 4~ O ~ ` y,; . ' ~~i~~~~~~~ Z ~ ~ .p. //~3~ ~ ~ y-~ ~ r~.~~/ z 0 ~ 0 U w . - ¢ oC ~ - soox 574 PacE Q 948 t