HomeMy WebLinkAbout0947 or extension thereof or subs~itute therefor, or otherwise, until
all such indebtedness sha11 have been fully paid.
6. The Mortgagee shall have the right to enforce the lien
of this Mortgage against all of the mortgaged property and to
cause all of said mortgaged property to be sold for payment and
satisfaction of any decree of foreclosure without any right of
Mortgagor or tt~ose clai~ning under Mortgagor to any marshalling of
Iiens~, exonerations of security or other similar rights or
remedies. •
7. In the event damages are awarded £or the taking of, or
injury to, the mortgaged property under the power of eminent
domain or otherwise, all such damages shall be paid to and
received by the Mortgagee to be applied as a payment upon such
part of the indebtedness hereby secured, as the Mortgagee may
elect, without affecting the amount of, or time for payment of,
any other installments required hereunder, whether or not such
indebtedness to which such damages may be applied is then due and
payable.
8. That if any acti~n or proceeding, shall be commenced by
any person other than the holder of this Mortgage (except an
ar.tion to foreclose this Martgage, or to collect the debt secured
thereby) to which action, or proceeding, the holder of this
Mortgage is made a party, or in which it shall become necessary to
defend, or uphold, the lien of this~Mortgage, all sums paid by the
holder of this Mortgage for the expense of any lit~igation to •
prosecute, or defend the rights and liens created by this Mortgage
(including reasonable attorney's fees), shall be paid by the
Mortgagor on demand, toge~her with interest thereon, at the rate
of TEN per centum per annum, and any such sum, and the interest
thereof, shall be secured by this Mortgage.
9. All remedies provided in this Mortgage are distinct and
cumulative to any other right or remedy under this Mortgage or
afforded by law or equity, and may be exercised concurrently,
independently or successively.
10. This is a Purchase Money First Mortgage upon the
described property.
The terms "Mortgagor" and "Mortgagee" whenever used in this ;
instrument shall include the heirs, p?rsonal representatives,
successors and permitted assigns of the respective parties hereto.
Wherever used the singular number shall include the piural and the
plural the singular, and the use of any gender shall incZude all '
genders.
I
~ IN WITNESS WHEREOF, the parties hereof have set their hands
~ and seals the day and year first above written.
~ Signed, sealed and delivered MORTGAGOR
in the presence of:
~ '
~ (~p SEAL )
~ J ES E. FAR , JR .
L ~ Q
(SEAL)
~L v .
~ , IG~ ,
2.,~~~.l~-~ S~~,d~__ In Payme~! O( Taxes
~ ~ - , ' ' _ _ - t ~ P.-- :c~ Pr~perfy.
~
, - . : Acrs Of 1971.
r ~ . ~ :,.r. ' l:~ciL, Co., Fla - 4 -
~ . J' ~ g~oK 579 PAGE ~45
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