HomeMy WebLinkAbout0182 Mert~pr. In evert f~re~tlo~rrc uf t6u mortgsse ur uthcr trruder of tide ta t6e m~rt~~ed prspcrtr in e~tinRuistuuent u( thr indebl-
ed~u~ ~eeuced Lreeb~, rll ri~hy titls aad inte~t e( t6e Mort~or i¦ rnd to aa~ iwdnnee policie~ thca iw forct ~hall paa to tbe
pur~6aMr ~r prfl~~ee.
(6) To perlie~o, e+~p17 witV qd sbi3e br eac6 aad every tbe Ripal~rtiMr, a~osts, e~pditiotu aaJ rovcn~ob in uid promisw~~
note ~pd ia tii~ deed ~et (~rth.
(i) T6at if w~ at ~aid awar d m~se~ bereia referred t~ be a~t pr~mptly awd full~ pai~ witW~ ritteea dan nest
after tbe ~rtme ~evenUr bec+~ne~ d~?e and prq~ble. or i( aaeb asd evet~ tl~e Kipu4tien~, a~reewcnt~~ conditiom md eoveuanb of ~aid
pruau~~ Mte a*d t~ deod, ar either~ are nst full~ perfwmed. co~upl;ed wi~6 and .bided br, tbe ~aid a6peaate ~u~ meatiooed in
,uid pt~a.i~rr sNe ~all bee~aae dre aad p~rable [oetb~rit6 ~r therea(ter at the option oi t~e Hort~soe a~ fnlly and r.ompietdy ar
if ehe ~ai~ ~~pte wa ef wid prooi~sor~ sete wr ori`ioallr ~ti~•il~ted to be wid ~~ucF~ day, anrthia6 i0 s~id pre~iwn s~te
~r herein t~ cowtrary aoa+it6~t~ndin6.
( j) Th~t ia order t~ accelerNe tl~e matnritr tbe indebtedne~r 4erebr securc~, becau?e ut Ihe (~ilure o( tbe 11lwtEass~ to p~7 ~7
irz. aMCS~cneny liabilitp. ~?li~tia ot toenmbraace upew ..id wrepenr, p I~errin ~ovided, it s6~11 not be neee~sar~ ur requi~ite t'~t
thr tuoctsa6ee dull tirst p~~ the wnc.
2. Tlic Mortaa~et mar, at hia optian, s?nd witlrout ws?ivina lus rigirt ta acceler~rte the indtbtedna~ hereby
aecured and to foeecla~e the same, ps~ eitber betore or aiter delinquenc~~ any or all af thoee ceriain oblia~tions
reqnired by tbe teran heraoE to be paid b} thc Mortga6or for t6t protection of the rnortgxge aecutity or for the eollec-
tioa of the indebtcdneew hereby secur~. All aumr ea advanecd ar paid by the Mortgag~ shall be chAr~ed into the
mortgage accouat and become an integral part thereof, wbject ia u11 reepocts to 16e ternia, conditiuns., s~nd covenanb
of the aforeeaid ptomieeory nott, snd ihia mortga~c, ~e [ully and to 25e wme ~ctent a~ thuugh a part oC the oriainal
iiidebttdrres~ ew-idenced by said nate and eecured by thie uwrtgage, exoepting howevee, that said eums shall be repaid
the Mortgagee iorthwith upoa its deniand aad be in addition to tht r~gular mntithly in9tallments provideti by the
mort[cage nott.
3. Thai tlie abstract or abstracts of titlt c,~verin~ the mortgaged property- al?all at a11 timee, during the li(e of
thia ~nort~?gt, remain in poweseioa af the Mart~agee and in event a[ the fareclasurc of thie mortg~~e or other tranefer
of titie to thc n~artgaged property iu eatinguishment of tbr indebtedne~y aecured hereby, all right, title and intereet
af t~e A~ori6sgor iu and W any s~.ch abstnct~ of title ehall pad9 to the pnrchaser or grantee.
4. 7'o the extcnt af the indebtedness of the Mort~agor to thc Martga~ee deecriFred herein or eecured Lereby,
tFtie A'[ortga~cx ix 6erEby subro6ated to tht Uen or liens and to the righte of tlu o~ynera and holdere thereof of eac~h
and ev~ry moctg~ge, litn or other incumbrance on the land dr.scribe~l herein which ie paid and/or eatie6ed, in wLole
or in pare, out of the procecds of ihe loan deaeribed herein or secured hereby, aud tl~e reapective liend af eaid mort-
gages, litna or other incumbran~e~, alull be and t6e e~tme and each of tt~e.n heret~~~ iu preserved and ehall pass to snd
n
tx held b~~ the Morega~ee hec~in As eecu,rity for the indebt~edneeA to the ?1lortgagee heeein described or hereby secured,
3u the same extent that it Mould Eiave beem preactved sud would ha~~e been paseecf to and been }~eld by the ~I"~ortgagee
had it betn duly and regul~rly aeei,~ed, transferred, eet over, ~ud ~ieli~ered ue+to tlit Mortgagee b}' Keparatc deed of
asai~ii~~ent, notMithstaadina tbe fact that the ~ame may be antiehed and caneeUed of recorci, it beinR the intention of the
~iartiee lzereto that the aame will be satisfied wnd cRaoelled of rcconl by the holdere therenf at or about the time nf
the rre~~rt~in~ of Yhir morl~a~~e.
5. In the event the ownership oE the mortgaged premisee, oc an~• part tliereof, becnmes ~•eateci in a peraon other
than tLe Mortgagor, the '_1lortaagee may, without notice to ti~e Mort~a~or, deal with euch succeaeor ur 9ucceseore in
iuterest ~cith reference ta thie deed and the debt hereby eecured, in tii~ ~anie manner aA with tD~e '~4ortgagor without
i~i au~• way ~ltiatin~ or diechar~ng the. MortRa~or's }iabilit}' hertundcr or upon the debt hereby aecured. No aale of
the prr.n~ieeR }~ereb~• mortga;~rd and no forbearanee on the patt of the '41ortRa~ee, at~d no extenrion ~~f the time for the
payment af the dt~t hereb}- eecured ,given by the Mort~agee ahall operaic to release. discliar~e, modif}', change ar al~ect
tl+e ori~inal liabilit}• of the Nortgaqor herein either in w6de or in ~?srt.
fi. The lien ~f' thie d~eed aeeurea and sha11 contiatie to eecure pa~•n~ent of Raid indebtednees or indebtednescy
l~owr~•er evidenced, whether by said promiesocy nate or any [CpCWiI or extensian thereof or eubstitute therr.for, or
otl~erwise, until aIl auch indebtedntes ehsll have bxn full~• paid.
7. In tlie ~~ent tlre mnrt~a~ors sell, co~i~~ey or trnnsfer e/~r ~nori~~n~eci ~rPnt:ses durin~ the life vf tleis ritorl,;a.~1r°,
then ihrs mortgn~e s3ra11, at the option of the ~~fortgagee )rcrei~t, l,e~rrntc irrt~raPdintel~~ duc nr~d ~'~nyable for tlie fttll sttrvt u/
tl~e principal balance a~:ci i>r~erest then due. ~
8. The terme "Mortgasor" and "Mortga6ce" whenever uaed in thia insirument aLall include the heira, personal
representatives, aucceseora and aeeiXns of the reapective parties hcmto. Wherevtr ueed the aingular numbrr ah~il include
the plurai and the plural the ain6ulAe, and t~e uee of any ~,ender shall include all genders.
SiRned, aealed and delivered in the preeence of: ' ~ .-.i.. _ (Se,~.•L)
~ - / s . .G. ~ . 1 ` fCt i ~ 7~ _
- _ . . ~ _ ~2..~~~`._ -(Se~~.)
r ~ ~
f . . ~ . `
STATE OF FLORIDA
t;OUNTY OF t~.A1~fH
~"1'. LC;C~L
Beforemeperaonsllyappeared JOfI\ ~~SO~i.::Y ai~ci \ULa J. `f0~1:I;Y, h_is etife
to me well kn~own and I~nowt~ ta me tr~ he the individuals deacribtd in and who ex~cuted the ipre~oin~ iaelrurnent, a~d
~ acknowled~ed before me that thty esecuted the e~me for 4he purpoeee therein ~xpreeeed. WITNES5 my hand and
~ oiecfzl eeal in tl.a County ~nd 5t~te lut aforeaaid thia ~ t}1 ~1~3y o f' :•iay .'ti j..
' , . .
Not.~_ry Public, Staf9 bf Ftorida afi L'.args ~ D ~
1ty Comm:ssion Exp;res June 30, 1957~ . . _ . . - - . . .
~ Ba^. ;^,i ~y Ame ...ar~ 5u. ty Co. ot N. Y. .
•e li
• ,
~ , , . i
Mv Cornttti~~•~xpuee: Natary Peib ic, 5tate of -
. . _ ~i~Ee ~ R~~ RQ~~ ' {.~''r: ' ~ ~
- _ ~ . ~a~ - tN ' ~4t~p~
. ~ . : , ~ '1•;».....•
- • .
- ~ , ~ ~ f ~ ~ ~ ~ ~ Z~ ' ; .
; ~ ~ ,
.q.... > goo~ 1:~,~3
~ , . , , . ~1~~+. ~ , ~ ~ - .
~ 1 ~