HomeMy WebLinkAbout0178 Mortppr. Ia evpN ~f (~reeiosdre o( t6u ruoctaa~e or ot6ar troder et title t~ the m~rtp~ed pt~pert~ ia eitin6ui~6mea1 a( tlx iedetbt•
edne~ ~ecured `eteby~ al! ri~t~ title ~d ioterest ~t t6e Mort~o~ iw rird to snf irur~nee pelir'se~ thea iw force ~hall p~w te tbe
purcL~rer ~r~Mec.
~6l Ts pert.nr, ~..plr ~i~L a.d .bide br e~c6 ud evary tbe ~tipulstia~„ a~reea~eab, c~sditiaa~ aad covea~wt~ in s~id pro+nisesry
note ~nd iw thi~ deed ~et 1~.
li) T6rt it ~r d Mi~ m~ae~ 6e~eie rders~ed tr be u~t pnaiptl a~d f~l1~ paid wid~i~ _ flfteen dq~ ae:t
dter t6e s~ma rsvetaUr beee~rre~ dne sad ~wryable, ~r it a~eL a~d eve ~ ~
promwt~ sete a~d tia deaJ~ or eit6er ~re e?~t te~ll ~ a~reemeat~ couditioar aud toveaaab of wid
, y pai~rtoed, ewopL'ed witL and abided br, tLe uid a6Btepte ~um meatiooed in
said prowi~e7~ Nte sWl bec«~ dre aod p~rabk (orthwith x therea(ter at tbe optioa ~i t6e bort~see a~ talir md eemptetelr r
if the ~aid ~~repte w~n o( iaid promiswrr sote wa~ oripa~lly ~tipulated t~ be paid o~ ~nc6 da~. wrt6i~s ia Nid phsiwn wte
o~ herein to ~be eeatrar~ mtwithq~adin{.
( j) That iw a~rder u~eeeler~te tbe o~at~iry the indebtedear 6erebr aecured, beca~ue ef th:: tailuro a( t6e bl~H~sor to pa7 v7
t¦x~ ~srewneat, WibiW7, ~bliptiw er eac~brancc upon wid pcopcrt7, q IfC(EIA p~vided, it ~il not be eeeewn ar requisite t6at
thc nwrtga6ee ahall Srrt p~r the wne.
~ 2. Tht Mortaaaee may, at his aptioa, and without w~ivin lue right to aocelerate the indebtedaw hereby
! eecured and to forecla~e the same, pay either before or $fter de~inqueacy any or all o[ thwe certaia obliaationa
i requ;~d br t6e eerms 6~fieof co be pa;d by the Morcaaaot for die prutection of t}re r~ortgage eecurity or [or tl~e oollce-
i tion of the iadebtednew Lee+eby secured. tUl wms w adv~noed or paid by the Martg~?g~e ehatl bc charged inta the
morigage account and become an i~tte~ral part thereof, subjcet in all reepecte to the ternie, conditione, and covenants
sa
of the s~forresaid romiseory aote, and this mort~a~e, a fullr and to the wme e_~rtcki as though a part of the ori~inal
indebtedoess evi enced by said aote and aecared by this mortgage, excepting huwefer, that said eume ehall be repaid
the Mort~a6ee forihweth upon its dentand and bt in addidon to the regular monthly instatlmtnta provided by the
~ ~nortgage note.
3. That tlie abetract or abstrscts of dtle caveriti~ tbee mortgaged propetty sliall at all timea, ~uring the life oE
thi~ mortgage~ remain in pa~asioa of the 1VXort~agec and ia r.vcnt of the forecloeure nf thie mortga~e or otber transfer
of title to the mortga6ed property iu eztinauiehment of Y~e indtbtedne~s secured hereby, all right, title Aud inttreet
of the blort6agor in and to any such abstrarts of tatle shall pasa to the putcha~er or grantee.
4. '['o t6e extent af the indebtedneee o[ ttoe Mort~aaur to the Mortgaaee described hercin or aecnred henby,
the ~1'Iortgagee is hereb} subro6ated to tht lien or liens and to the righta of tl~e o~.nere aud holdere thereof of each
E and every mort6xge. liea or other incumbranet ou the land described herein which ie paid and/or aatie6ed, im whole
i or in ~art, out of the proceede of tht loaa deacribed hertin or eecured hereby, aud t!?e re8pective liena of said moct-
ga~ea, liens or other incumbranoe~, shall bt and t~ae ~ and each ot thein hereb~~ ie 1?reaerved and ehall pass to and
be held b~ the Mortaaaee herein as eecurity for the indebtedne.en to the 111ortgagee hcrein deacribed or herehy eecured,
to the sxme extent th~t it N~wild have beeu preaerved and would have been paexd ta and been held by the Mortga~ee
l~ad it been duly and regularly assi~ed, transferred, eet over, aud deli~ered uiito the Mortgagee bJ• separate dced of
d.rei~i~nent, not~ithetandin6 the fact that t~e ~ame may be satieficd atrd cancelled of record, it being the intention o[ the
~~artics l~ereto ihat the same will be ,~atiaSed and canoelled of record b~ the holder~ therenF at or about the timc of
j t4~e rrcordin~ af this mort~a6e.
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{ 5. In the evtnt the ownerehip of the mortgaged premis~ee, or an~~ part tliereof, becomes veHted in a pereon other
~ than the 11Zortgag,or, the '_0'Iortgaget mar, without notict to ihe Mortgagor, deal with auch sueceaa~or or succcaeore ia
' intereat w-ith reference to this deed and the debt hereby secur~cd, ie the same manner ae h•ith the htort~agor without
~ in an~• way ~-itiating or dieeharging ihe Mortgagor's 6abilitg- hereunder or upon the debt hereby aecured. No sale of
` tlie prCmieeR liereb}~ mort a~ed snd no forbearance on the part oF the '_11ort~{aRee, and no extrneion of the time for the
payn~eut of thit debt hec~e~y securtd given by the Mott~~gae eha11 operate to rcleaBe, dinchar~e, m«iify, change ar at~ect
! tlle original liability ot the iN~rtgaXar herein eithtr in w6qle or in part.
; 6. The lien of th~e deed aecurea and ehall continue to aecure pa}•m~nt of ~aid indebtedneay or indebtedneea,
' howe~~er evidenced, whether by said pro~ni~sory nott or any renewal or exteneian theieoF or nubetitute thecr.far, or
~ oti?envise, vntil all sach indebtedara9 ahalt have bmen ful[~ pAid.
~ 7• In t)ie ez~ent tlre n7m~t~ngors sell, conz~e}' vr trnrisJer t/te ~nnrr~n~ed ~romises dt~rtn~ ri,c lije of thrs mort;n~f~,
~ tlie~i tl:is martgn~e s~rnll, at the optron of tlre Aiortgnhec herPin, l~ecnnte immrdralelti~ ciue nnd ~~ayable fo~~ the ft~ll sur~i of
tl~e pri~rci~ial balnnce ni:ci i~iterest then due.
tE. The terme "?67origx~or" and "Mortgagee" whtnever ueed in this instrument RLall include tht heirs, pereonai
rr}~re!?entativee, aucocseors and seei~na of the respe~ctiv~c partiea hereto. Wherever used the Pin~uler number Rhalt include
the plural and the plural the ein~ular, and the u~e oE any ~endee ~hali include all genders.
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Si~ned, aealed and delivered in the preeence of: ~~__.~;.~,b~:. (S~,)
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C..- c~rr~°.~ e _ ~'~7 ~~t°. cL' _ C. c ~ Cc. ; s L
I G~7t~x~ _ _ _ . . . ( SF,?L )
_ . _,,i,.f~
STATE OF FLORIDA
I:UUNTY OF ~ s
='1'. LU
8efore r~onallyappeared Dot~ian ~:icha.c~clson, Ji~. , aitQ :•:a~ I'earl ~..icliarclsoti,
~~~5 w~r~,
to me welt kaown and icnown to me to be the individuals deecribed in and whu executed the fore~oing inetrum~ent, gnd
~ acknowledgcd before me that they executed the aame for the purposea thtrein ex reeaed. Q/IT'NESS my hAnd aad
o~'icial ~eal in tl.a (:ounty and State lasi aforesaid thiis li ci a}' o l a}' l. ? t~ ~j .
- ..`~\\~<,`''•o'.,~~~,~Ir;.
ho:~ry Pu~ ~ .
' ' ~l°c St /
, ate of Fiorida at Large . . - -
h~Y ~omm ss~on Expires June 30, 19b7, ~ •
:
t3orded By Americ~n Surety Co. of ht. Yr
Mv Commieaion Expir~s: . . Nots~ry Public, Stxte of ' ~ / .
. . . . ~i , ~ REC a~0 r,.. ` '~.:t• -
. - yN~ BQOK - - .
~ . _ ~'}R?r°~ . j~~~j t"~:° 42 =:;,,~I ,`I'
~ ~ . r~ YY ~ ~ ~ r"• •
. • j~ I~~~,~`
. . , , . . ROGER g~iTr~ASUNTYR BO~~K~~.~ .l.~
ST. LU C 1 E C 0 ~
~ ~ ~ FL~RlDA