HomeMy WebLinkAbout0558 :11urt~a~or. In eveet o( foreclwart uf tbi• ~nurtRaRe ur uther trwdor oi title to the wucl~aaed pruperiy in rx~iup,uiehu~ent uf t6~ indcb~-
c3ness ~eeured 6ereby, rll ti~hht, titlt and iuteres~ of the tiSort}~~Kor in aqd to •o~ itiuram-e puliriee ih~n in forc~ shall pa~~ te tbr
pw~ia~~et ut ~artAt.
(hl To ped~em. crmpl~ with snd abide by eacb ~ad rvtrr tht dioul~tiona, aKteenntutt, eonditione ynd co~rnrnb in esid promieeorr
nute and is t6ia tised ~et torth.
(i) That ii u~ ol aaid ~um~ a( rnene7 6erein reEerced t~ Le nat p~uuiptly and fulir psid within - tYtt~~en ciay~ ~it
a(ter t!x kmt ~e.venlly betoma due and parablt, or i( eatl~ and every tl~e rtipul~tiom, a~recmentr, eonditium and ~o~~iuat~ nf Mid
Nruuciwwr7 oote aod thi~ detd, or either. rte not lully perfurwed. caupdied with and abided by, tLe wid ¦~Kre~te eum m~ntioned in
,aid pro+uiMwp note a6s11 beeor~ dae and parsblt furihwith er therta[ter ~t the option ui the ~1ortRrgc~ as fu117 rnd corupletely as
it thc said a~ r{ate ~wa oi said prnmiraory nwe wa~ oriKiaslly ~tipulued tu be p~id on suri~ ~iay-, •~ythinR ia ~~id promiwerr sele
ur lu~-'~ to t6e coetr~rr notwit~utandina.
tj/ That in ottfer 1• ~cctltnte tbe n~~turit~ a( the indtbtedncs~ hcreby recured, becawe of tLe Irilure o( the 41un~tagur tu Wy aoy
trs, a.aessenent, li~biiity, oblisati~a ur rn~wnbnn~~e upoa s~id property~ ua herein provided, it shall uut be n~ce~eary or requiaite that
th~• ~~~ort!~,Rer ~hali fiM par the srme.
2. TLe ?1lortgagee inay, at hie oplion, and without waiving liia right to acceieraee, itie iudebtedness hereby
3ecured and tu foreclose the eame, pay eithmr beFore or after delinqueac~• auy ur ail oF thoae certain obligatiot~
required b}• the terma hereof to be paid b~• the Mortgagor for the protection oC the mnrt~age ,ecur;ty~ or for the cotlec-
tion of the indebtedneed liereby Beca~ed. All yumx so advanced ~r paid by the ~lortgagre dhail be charged inlo the
inortga~e account and becamr an integral p~rt thereof, subject in •rli re~pea;te to lhe tern~~, conditian~s, and covenante
of the afureeaid ptomiec+ory note, and thia mortgag~t, se fully and to the ewme extent as thuu~h a part of the vriginal
indebtedneee e~~idenced by daid note and aecured by thia mortgage, excepting huwe~er, that said Hu~ns shall be re~aid
the ~tort~,..~re forthweth upon ite den~and and be in addition to the rP~ular monthlJ~ invtallments provided by ihe
inurtg:+~e nott.
3. 'I'hat the abetr:~ct ot abstracte of title covering .Zt~ murtgage~! propert}' sliali a~ all timea, during the life of
thiN ,n~rt~;age, rem~in iu po~saiaa of th+e :~forta~~ee and in eveat of ihr [arecloeure o#' thih mortgage or other tranefer
of title to t~ mort~aged property iu exiinguiahment of the indcbtedness yecured hereb}', :?11 ri~ht, tiile and intereet
of the iTortga6or in anti to any $uch ~betrarts af title shali pas~ to the ~urchaser ur grantee.
4. 'I a the extent of the indebtedneee af t}~e Martgagur tn the _l7ortga~ee deecribed herein or Aecured hereby,
the ~~ortgagc~e i~~ hereb}• eubro s~ted to tl~e lien or liena and to the righte of tlie o„nera ant~ hol~Iers thereaf at cach
3nd every mortgage, lien or ot~er incumbrance on the land described herein ~+-hich ie paid and!or ~atiNfied, in whole
or in part, aut of the proceede of the loaa described herein or secured hereby, aud tlie re~irective liene of s,id,~,prt-
ga~e~, liene or other incun~branee~, Ahall be And t4~e ~ame and each ~~f thFm hereb~ is ~~renerved and Kii~ll paee to and
l~e held b~~ the Mortgagee henin ae aecurity for thP indebtednea+ to the i1'Iortgagee i~erein Ld~e~:~~ribed or herebv aecured,
tu tlie ~an~e ezieut that it Mould hare been preeien•ed and would ha~•P f?een passed to :iilf~ ~~Ct~I1 }1PI~~ 1~iP. :1lortgagee
ha~3 it }~en duly and regularly aGe~iRued, tranaferred, aet over, a~id deli~ered uiito ti~e ilort~a~ee )~r rr~~arate dr.ed af
asri,~suient, notwitheta~nding the fact ihat the same may be: sati~fied and ~ancelle~l of rtc~rd, it t?eing ihr intentiot~ oF the
~~artie9 l~ereio that the Rasne will be eatisf~ed and cancelled c?!' record hy- the holdera thrre~?f at or ahaut the tim.a oC
tlt~ rrcordin~ of thie mort~age.
5. In ihe evr,nt the ownerehip of the murt~aged pren?isee, or ~n} part tl~ereaf, becomeg ~e:ted in a peraon other
than the ~1'Iortgagor, the 11ort~aKee m~y, without noiice to tfte 'bidrt~a~or, dral with xueh .rucce~or ur eucceeeora in
iuterest sr•ith re~erenr°e to thie deed and the debt hereby eecured, in tl~r wanie manner ax with the it~?rt~a~or wiihout
in am• way ti~tiaEin~ or diecharp,in~ the '~'Iort~agor'a liability hereunder ~~r upnn the ~lebt hereb}' ~cured. No ~ale of
tl~P (1CCIIIIBP,F~ ~IE[Cb~" filOTlg agrd and no forbearance on the part nf the '~7ort~aRee, and no fY~P1I!Ilnfl +~f the time far the
~)$YIitP.t7t of the debt hereb~- geeured given by tht Mvrt~age~e ahall op~rate to relea~e, divcl~ar~e, rnc?~lifti~, c}ian~e or affect
the oririnal liability of the i~fortga~or herein either in whole or in pArt.
fi. The lien of thia deed securea and ~hall continue to aecure px~~ment uf waiai indebtedne.e~ or utdebtednesa,
leowe~•er evideneed, whether b}' aaid promiasory note or any renewal or extenaion thereoC or eubetitute therr,for, or
otherwise, until all euch indebtednc.es ~hsll have beer+ full~• p~id.
7. Irt t!t•r. f~~e>tt the mnrt~r+~`ors seil. cn?~~~c°1' nr tra~tsfr°r lirr° ~n~nt!~n«~d j~r~f•m!ses dinirt,~~ t1~r~ LJe of flits »torf~`n~~r,
lhr~t tlii.c mort{~a,~e slrall. nt llre o~tion of the ,lfa~t~ntirF I1t'1£Itl. ?,r•, ~~me~ imnrrdirt!e•!~' dti~ artd t~u~~c1L(e fm- the j;~.':` sunt u/
tire ~~rin~i~;nl balan~e ~inci i~ilerPSt the?i ~l:ie.
8. Ti~e terms "Mortgagor" and "A~ortga6ee" w6e~etier ueed in thie instrume~it ahafl inciu~le the heirr~s„ personal
repreaPntativee, succcseor:+ and aaei~Cna of the rePpectivt pgrtiea hr.reta. ~'htrever uAed 4he rin~ular numhe:r aha11 include
the plural and the plural the eingular, and the uee oF ~n~• p,~ender shall include all ~endera.
i~ -
~i~ned, sealed and delivered in tlie pre~ence of : ~l G~~~~" ti"i `-t'+`'7 (SF,?c,)
~ x ....,'--f`"L~ _ {SEAL~
~ ,~:v~~ . _ .
3TA1'E OF FLORIDA
t;0U~1fiY Gr F~.~DEt ss
. . :,~Ti~. -t.
Bcfore Yne pe lnally appeartd _..i?.;. ,T"~:::.~_: , an ;.t~t~ua t~?~ i r~cl ~•roin<<1: ,
to iue well ~.nown and known to me to be the andividuals deecribed in and who tx~cut~d the foregoing inetrument, and
' ackaowledged before mt that thty executed the aame t'or ttie pu~poees therein expreeeed. ~NITNE~5 my hand and
oAicial eeal tl.~ County and ~tate laet aforeasid thia l k. ; ~ a}- v:' ' I:>:>
/I ~
Netary Pubiic, Stjte of F3orida at Lar~ . . ~ i~~{'. . , .
My ~emm;ss!on Exp!res June 30, 156~`i - •
ndzd By Amer,can Surety Co. of IN~ r. °
Mt~ Comrr?ieeion Expirc~' Notary Pu ic, St~te of = -
. ROE~ ' ~ -
: . ~Il. . A ~ R~~ ~adK
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. . 2~ ~ i1r. 34
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OG.~~; ~:'-,1 ; i~AOVNTY ~~~JK .
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F~ORIQA