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HomeMy WebLinkAbout1937~aR~ 3 6b~ S1. LUCIE COUNTI'. FLA. ~i` ~ i 1 That if any of .aid rams or .e.e~ herds referred a be set peemptl~ .red fstll~ paid within Fi'j~d Ej~j d.r ae:t after the same reverally beeemea doe tad W7aY0. K if ese6 and ever? the .titwlatioas. a~reeseau. aaa ants covenaou of raid promissory note and this deed, w either. are wet rd17 performed, complied with and abi ed d b~. er it pa~mcnu are allowed is becaae delinquent upon an prior ae.^rnbraaee deetiu«t_ t-e ~topert7 herein eoaceraed, the said a~~reppto sum mentioned in srid promissory note shall become ~ and pgable forthwith w ter et the eptiea aJ the Mort aaee a< rull~ tAd eompletel~ w it the wid •RSre- Rste sum o1 raid premissery cote war oripnalh stipsslated to be paid en web dad. anpt~in` in said promirwry note er herein to the ren• tram notwithrtandia6. lil 'T'hat is cedar to aeeelarats alts ~r ~ ~ iadsbtadasr ~~7 atesrred, bsaw of t-a failtsra of the Yertppr to pal asp ta., assasrraeat, WLiliq, eWiptio. w oeettmbraaea aspen aaid~popert~, as `cress provided, it shall sot ba seewarr K regtrisiu that the saetp~ee rhall first pal the snare. Z. The Mortgagor may, at his option, sad without waiv' his sight to accelerate the indebtedness hereby secured and to [enclose the acme, paY either before or after deliagtteacy an or all o[ those certain obligation required by the terms hereof to be paidd by the Mortgagor for the protection oI t)~ mortgage security or for the ooUeo- lion of the indebtedness hereby secured. AU rams so a vanoed or paid by the Mortgagee shall be charred into the mortgage aecoant sad become as integeal part thereof. subject is all respects to the terms, conditions, and covenants o[ the a[oraaid promissory ao2t, sad this morlgs~s, as fully and to the same extent u though a part of the original indebtedness evidenced by said note and secured by this mortga6e, ezoeptiag however, that sod sums shall be repaid the Mortgagee forthwith u~oa its demand sad be is addition to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstncu oI title covering the mortga~d property shall at all times, durin the life of this mortgage, remain in posswion o[ the Mortgagee and in event of the foreclostu~e of this mort age or o~er trander o[ title to tLe mortgaged property in eztinguialuaent oI the indebtedness secured hereby, all ri~tt, title and interest of the Mortgagor is and to any such abstracts o[ title shall pass to the purchaser or grantee. 4. To the e:teat o[ the indebtedness of the Mo r to the Mortgagee described herein or second hereby, the Mortgagee is hereby subrogated to the lien o: limos sad to the dghu of the owner and holders thereof of each and every mortgage. lien or other iacumbranee oa the land described herein which is paid and/or satisfied, in whole or in art, oat of the proceeds of the loan described herein or secured hereby, sad the respective liens o[ said atom. gages, liens or other iacumbranoes, shall be and the same and each of them herby is preserved and shall w to sad be Geld by the Mortgagee herein as se4•~r-ty for the indebtedness to the Mortgagee herein described or he secored, to the same extent that it world have been preserved and would have been passed to and been held by the ortgagee had it been duly sad ~ulaxly assigned, transferred, set wee, and delivered onto the Mortgagee by separate deed of assignment, notwitll~gaadtn 'ng the fat:t that the acme may be satisfied and cancelled o[ record, it being the intention of the parties hereto that the same will be wtisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortga or, deal with each saooessor or succeawts in interest with re[ereaoe to this deed and the debt hereb__ 1~rcttnd, in ~ same manner as with the Mortgagor without in any way vitiating or discharging the Mortgagor's liabiliq hereunder or upon the debt hereby secured. No sale of the premises hereb mortgaged and no forbearance on the part of the Mortgagee, and ao extension of the time for the payment of the de~t hereby secured gben by the Mortgagee shall operate to release, discharge, modify, change or affect the original liabiLty of the Mortgagor herein either in whole or in part. 6. The lien of this deed setatrea and shall ooatiaue to secure payment of said indebtednew or indebtednea:, however evidenced, whether by snits promiwory note or say renewd or extender thereof or substitute therefor, or otherwise, until all sash indebtedness shall have been fully paid. T. In the event the property encumbered by thin mortgage shall become involved in any condemnation pro- ceedings, the holder o[ this mortgage shall become entitled to defend any arch act±on, and the title holder shall be liable for all costs and attorney fees incurred in eonaectaon with such defense, the acme to be 6:ed and set by the condemnation jury, and ticia,iucr ar tl:i:-r.:-:p°ep ~tint~ -~e ~!+fitlw_,d_ t~. r.ceivE slny award made in such condemnation proceedings for' the propcrt~ taken, such sum whoa paid to be applied to a reduction of the mortgage indebtedness. 8. The holder o[ this mortgage agrees to promptly furnish upon the written regneat of the mortgagor, his heirs or assigns, or attorney, a statement in writing of the principal balance due spore this mortgage, as of any epeci6ed date. 9. The terms "Mortgagor" and "Mortgagee° whenever used in this instrument shall iglude the heirs, personal representatives, succewon and asdgtu of the rdpective parties hereto. pherever usedlhe singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. 10. This is a Ii'jE,$'i' mortgage upon the above described property. the a.ia Mortgagor 8 hereunder s/eb ~THEIEZ hand and seal at Miami, sad year first above written. Z~-~ d doff ~ ~~'~ [: ROBERT J. EFAIII H ...----------• ........................... _..._-----_...... au~c, (Serf.) aya~'aIa'v'~ at. vi sae aaa~sCn STATE OF FLORIDA ~ COUNTY OF DADE Before me personally appeared ROBERT J. BTEFANICH AID SLAWS Hffi WIFE to me well known and known to me to be the individuals described is sad who ev<eta<ted the acknowledged before me that they eoceented the ranee for the purposes the~eia expressed. FITNESS my hand sad oieial seal is the Cotnq and State last afoa~eaaid this My l;ontmission Expires: ~ lotary Seal) A< D. 19 ~~ ~f Notary PnbBa State ~ i~ ;~ . ~ _. . r * ,,;.~'y, iy ., -~ ' ~_ , IN pITNESS pHEREOF, Dade Counq, Florida, the day