HomeMy WebLinkAbout0032 11[~ctppr. L avaM f~tdel~wn d tbu m~rtpsc ~t otha' trwu[er tide't~ d~e OIN'l~~ ~~pE~l1 Iq lXlIA~,YI~ICOI O~ lb! iedebt•
edneM ~seare~d tierebr, rll ri~t, tiSle ard iaterat sf the Nort~K i~ aad to axr irnranee p~lieie~ tl~e~ io (~rce ~hrll grtw u tbe
Purchw~ K ~rrMe.
(4) T~ ~atf~rsy e~~l7 witi~ awd ~bide b~ e~ch u~ erer~ tDe Ripalati~aa. ap~essesn, c~ulitiow ied covenaau ie wid pr«n;..s~
note aod iw t~ ~sed ~et f~et~.
( i)'Ph~t it ~r~? J wil ~rms ~ w~ae7 6ereis refesred a be wt pr+mpt! ard lnllr paid withiA fliteen dsrs aext
dter tbe MAe ~everall~ Lee«oe~ dre swd pi~~k. ~r i( ae6 awd ererr ~ stipalati~aa, aireemeata, cooditior ard eeveoanu et ~aid
promlwr~ rNe a~a t~ deed, ~r eitl~~ are twt tull peet~nned~ eorutliod wit6 aad abided br, tLe wid a~pepte ~um meetiooed in
wid ptvrsiow^f wrte ~rl1 beeeme d~re s~d psraWe ~+wtbwitb ar then~atuer at the optidr ~i tbe iMortR,r~ee ar fnllr ~nd cewpletclr M
if tbe aaiia~re pte Nua ~t s~id pn~ai~r r~te ~ras ~ripwllr stipnl~ted t~ be paid w~ucb d~~•~ aart6io* ie wid pr~rtiwrp r~ue
or herein to t`e ce~tnt~ MtaitlW~ndiot.
( j) '1'h~t in w~er t~ ace~lerate d~e matority ~f tl~e indebted~a+ 6erebr ~ecured~ bcca~ue ut t1~e f~ilure af t6e ~l~rtprK ts W7 ~7
tr:, weM+aeat, liabcilitp, ~iilip~ti~ ~r enr~mbranre upor wid ~perty, M I~creio provickd, it ohall aot be ncceMary~ K{"CqY1l1l! l~il
t~lC 1110ffyi~Et i~f~ w! ~IC M~E.
2. The Mortaa~et may, at hi~ option, and witLout waivin~ liis right to accelerate the indebtednee~ ~enby
eccurad aad tv foreclo~t tlre ramt, pay either before or after delinquency ~nr or all nf those certain obli6ationa
reqnired by t6e urm. 6ereof w be paid by the Mort;a or for t6e prntection of the mortga~e security or [or thc pollec-
tion of the indebiedner hereby ~ecured. All sums io a~vaaxd or paid by the Mort~agee ehall be charged into the
mortgage account and become an inte~ral part thereof, subject iu xll reapects xo tLe ternu, conditions, and covenauta
of the aforesaid promiewry notc. and this mo~gs~e, as fnlly snd to the samt extent aa thou6h a part of tht ori6inal
indebtedne~s e~zdenced by aaid note aad sec~ired by this mortga~e, exoepting howevtr, thai said aume shall be repaid
the Mort~a~ee forthwith vpon its deniand and be in addition to the regular n~oathly installmente pravided by the
inortguge note.
3. Tlwt d~ ~batr~ci or abriracis af iitle ca:eaiag tbe m~rigag~3 pro~erty s:znll ai il! timea, durisg iltt lift uf
thie ~nortaaae, rem~in is~ pos~euian of t~e Mortaa6ce and in event of the forecloeurc af thie mortga~e or othar tnnefer
of titts ta ti~c mortga~cd praperty iu extin~uishment o[ the indebtcdneas s~ecured hereby, all right, title and intereei
of the l~iortgaaor in and to any s~.ch :bstracU uf tide ahall pas9 tn the purchaser or arantce.
4. 'I'o the exteat of t~ indcbtednese of the Mort~or to tht Mort6asce described herein or aecured 6ereby,
the ?liortgagee ie lureby wbro6ated tn the litn or liens and to tht rights of ti?e o~.nero aad holdere therwf of each
and every mortaxge, litan or other incumbraace oa the land described herein ~?hich ie paid and~or aa~tiefied, in whole
or in part, ou! of the proceeds of t6e loan de~cribed herein or eecured hereby, and d~e rcepective licne d~aid raort-
6a~ea, liena or other incumbraacx~, sball be and the same and each of them hereb}- ie preserved snd ehall pase to and
be held b~• ihe Mort~s6ee herein aa security for the indebtedneaA to the Alortgagee herein described or heroby wxured,
to the same extent th~L 1L h'QU~I~ ~laVC ~1CCR p~'C,CTVtd and would have been pa~eed to and bcen held by the Mortgagee
had it been duly and regul~rly assi~ed, traaeferred, eet over, and deli~~ered w~to the Mortgagec br- se~arate deed of
agc+igtuntnt, notwithstandin6 tbc fact that the eame may be satiefied ar.d cancelled of record, it bein~ the intea~tion of the
parties hertto that ihe eame will Le aatiafied snd cancdled d recur~ by the huldere ~h~re~,f at vr about tl?e ti~yi~ of
the recordin~ of this mort~a6t.
S. In the evicnt the ownership of the mortgaged pr~emi9ee, or any~ part d~ereof, becomee veated in a peraon oth~r
than tlie tliortgagor, the '_1'Iortgagee may, svithout notice to t!?e Mort~agor, deal with euch eucceeeor or succeeaore in
iutereAt ~eith rcference to thie deed and the debt hereby uecured, in the same manner as with the Mortgagor without
in an~• rray ~-itiatina or discharging the MortgAgor e liabilixy hereunder or upan the dtbt 6treby eecured. 1~1o aale of
tl~e pr~miees Lereb}• mort a~ed and no farbearance on the part oF the '~1ort~ag.xe, and no extension oF the time far the
paytueut of tht debt here~J~ eecured given by the Mortga~ee shall operate to sele~se, discl~arge, modif}', chan~e or affect
the ori~inal liabilit~• of the 1~lortga~or herein either in w6de or in part.
6. T}ie lien of thie dced decurea and ehall coatinue ta eecure pa~•ment of said indebtedneas or indebtedne,~.,
hoN•ever evidenced, whether by said promissory note or any renewa! or exteneian thereof or aubstitute iherefor, or
oii~erwt9~y until xll euch indebtedneas aha11 have bc~en fnll~• paid.
7. Irt the ez~ent tJre ~nort~ngors seil, corii~ey or tra~asfer ti~e mn~-1;a~ed premises d~n•in~ th~ life of t)iis »io1~1{atie,
!lre~e ihis mortgn~e shalt, at t/te op~ion of the Alortgngee herein. l~erome imnredintell~ dt~e a~icl t~ayable for ihe ~ull sum of
the principal bnlance an~l interest then due.
8. The terme "Mort~a~or" and "Mortga~ee" whenever ueed in this instrument al~all inclu~le the heira, peraonat
rei~re~entativee, aucoeseors and aeaiKns of the reepective partiee hereto. Wherever ~aed the RinRular number R~all include
the ~?lural ~nd tht plural the ein~ular, and the uet oi any $endet ahell inclade all gendera.~
^ u_ C L+ " ~
SiRoed, eeal~d d deliv d' ia thr. preeence of : . . . . . ~ _ ~SEAL~
.
1 ' ~ ' ~ ~_,~i - . - ~ ' , -
/L~/ n`'` ~ __~t.~ _r~-~c.,
c"
-CG;;,t=:1. ' ' - - _ _ - - - - - - - - - . . ~(.f:.~ . Y , i ~ i ~ _ ( S~~?x. )
<
; 1 ~i
Q ' ~ -
-L~,~ ~ ~
. . . . . .
STATE O~' P RID
C:OUNTY O~ f]~lr~~ ss
; t Luc
n r+rn• r, r
~f0lE I11~ ~ a ly appeartd ~T T.~L~ ~ ~~i. ii. f n
~ i ar.1 ,~ILi,I' RI2 ~I::, his •.,•i . ,
to me well kno and known to me to be the individu~le deecribed ;n and w~h~o executed the fore~oing inetrument, and
~ acknawledgcd before me that they executed the eame for the purpoees therein expreeeed. ~'I'I'NESS my hand and
o~icial resl in tl.a County and State last aforesaid thi~e ~~'t.h ~3ay -•f «pri 1, .
t~otzry FurfiC. State of F!orida af Carge _ .~.-L. ::.L....--..
i:~y Comm ss~cn ~xprrec Ju^e 3C, 1907. ~
E3.~nded f3y American Surety Co. uf N_ Y_ _ , ~ '
Mv Commieeion E: ires: ~~D1~O~L?. Notary• Pu ic, ~tate df -
~ FlLEpD AND g~OK
.1N . .
: . . ~ f ~ ~ . ~
- . I 3 P~ ~ , ~13 ~ .
, , i~oGER f~ul~Ras. C1.ERK ~ En~.r,1~.~. ~J~J . '
. , , 9T. ~ ~L~R DA NTY. _ _ _