HomeMy WebLinkAbout0614 Mort~~. L evewt d' t~reelaure of t6is mart~~r or otber tr~nnder ~t title t~ t6e m~Kp~ed p~~pe~tr in eati~6ui~fnuni o~ tbe iadeb~-
ednea setvred Lercbr, aU ri~ltt, tide wd iotere~t o/ the Morl~er ir a~d to ~ay io~unnce pelicie~ t6ea ie (orce ~hal1 pasa to tbe
purebwr ~r R~rbe.
(6) Ta prxlKar~ e~pl~ wit` swd Rbidc ~r e~e~ +urd every tbe rtipal~tioos. s~ta, corditioa~ ~ad caven~ea in eaid promis~er~
nwt and ir t~ deed ~et fwt6.
(i) Tha~t i( a~~ ~t Mid ~~w al m~uef 6erein referred t~ b~ ~ pr.~lr ,rd ruur p.~a witbie - iilteen da~~ se:t
a(ter t6e wae ~everdi~ beeeme~ due .nd p.r.bk, ~r i( eacb aad ever~ t~e stipulation~ asrrementi. coaditioos md esvewau ~f ~aid
promiwc~ ~ote a1?d t~ deed, K citl~ct. ue art fdly perfrrrue~d. to~upliad with ~?nd rbided br, ~Lx wid •r~epte ~wn mentiooed in
said ptauir~y Mte ~dl beewie d~e and payible iortbNith or thereafter at t6e option ef tbe bort~rsee ai [nlir uYd c~~npletely a~
if tt~e ssia rktepte wrw ~t said ~omiyory eote w~ oripoally •tipul~ted t~ be p~id ow ~ur6 d~y~ anrt6ia` i~ wid prowiwry ~~te
or herein t~ t4 eastrar~ e~twit~t~ndin~.
l! ) 1'hat in w~der t~ ~eeelente tlMe outnrity ~f t6e indel,eedoesr 6erebr ~ecurcd, t~ec~~ue ef the failure o( tbe M~rt~Ror to prr a~7
trx, awerstneat, !i~?ilit~, ~lipti~w sr eec~brance u~w ..~d'.openr. as bereie provided, it ~Lall not bc neee~sarr ~r rtquuite tlut
thc n~a~tsaRcr d~a11 firrt par the wne.
2. Tl~e Mort~ases uiay, :i 6ie optian, and withoat waivin$ his right to accelarate thc indebtednea~ hereby
eccured and to foreclose t~e same, pay eitbee before or after delinqueac~• anr or all of thoee certain obliaationa
required by tbc term~ ~ereof to be paid by the Mortaa~or for the protection oC the mortgage eecurity or for the oollce-
t;on of ~ u,debcedne.. henby secured. All awinr w advanced or paid by the Mort~agec shall be charged into the
mortgage account and becorne an intearal part thered', subjzct in s?11 reapects to the ternra, conditiona, and covenants
of t6e aforesaid promiasory note, and this mort~a~e, as [ully aed to the same e.~tent se thouah x pAtt of the ori~inai
indebtedness evidenced by eaid note and eecnred hy this mortga~e, excepting huwer~er, that said eume ehall be repaid
the Mort~agee forthwith upan its dtniand and be in additiwx to the regular monthly installmente provided by the
~nortRage noit.
3. That tlie abetract or abetracts of title caverin~ t}ie mortgaged prapert5- sliall at all timcs, during the life of
thie ~nortgaae, remain in pas~sion of t6t 11~ort~$gee and in eveat oi the forecloeure af thie mortgage or other tr~eFer
of title to thc n~ortgag~ed property iu extinguishment of tht indebtedness eecured hcreby, all right, title and interest
of the btori6agor in and to an~ e~.ch abstrscts of title ehaU paes to the p~irchaeer or grantee.
4. 'I'a t6e extent o( the indebtrdnees d the Mort~agor to the Mortga~tc deecribed herein or aecured hereby,
tlie ?liortgwgc*e iu hereb~ subroaated to the lien or liens and to the righta of tl~e o~.ners and holdere thereoC of tach
aad every mort6~ge, litn or other incumbrance on the land dtxribeii Lerein which ie paid and/or satia6ed, in whole
or in part, out oE the proceeds of the loan described herein or aecnred hereby, and tl~e reepective liena of aaid mort-
~agea, iiena or other incumbnncea, eha!! be and the eame aend each of lhem herel»~ ie ~?reserved and ehail paea to and
I~e held b}' tbe Mortgagee herein aa aecurity for the indebtedneen ta the Htortgagee herein described or hereby eecured.
to itie sarne extent thst it yould have been preeerved and would ha~•e heen ps~er~ io and ~n held b}' the Mortgagee
had it been duly and iC~l1IiT1V aeei~ued, tran~Eerred, eet over, a~yd delirered ui~to tlae blartgage.~ by aeparate deed of
:?.~i~itnent, notNithetan~iin~ t~e fact that the same may be aatiefied and caneelled of rtcord, it being the intention of the
p~rtics l~ereto ihat the eame will be ~atis6ed and cancclled of rccord by the holder~ thereoF at or about the time of
t~~e recordin~ of this mortga6e.
5. In the event the ownerahip of the moct~aged premisee, or any part .ieereof, become9 vested in a person other
than tlie ~'Iortgagor, t6~ 'liortgagee may, without notice to t~te Mort~agor, deal with euch aucceeaor or successeore in
iiitereAt with refercnce to this deed and the de6t hertby eecured, in tl~e same manner a~ ~.•ith the ;~4nrt~agor without
in auy way ~~tiatins or di~char~gng Yhe MortgaRor'e liability~ hereunder or upcx~ the debt hereby eecured. No aale of
tlie prcrniees licetb}• mort(agrd and no forbearance on the part ~?f the ilort~aRee, and no eYtenaion nf tl?e time for the
payment of tht debt henebJ- eecnred given by the Mortgagee ahall operate to release, ~~iqcLar~ye, m«lif}~, chan~e or affect
the ori~inal liability of the Mortga~or herein either in vrhdt or in part.
T}~e lien of Lhis deed secures and shall continue to aecure Pa}•matt of eaid indebtedneay or indebtedne.~a,
i~oN~e~•er evidenced, whether b}' eaid promissory note or any renewal or extension thereof or aubatitute therefor, or
oti~erwiae, until all ~uch inde~tedntas ehall have been fullti- paid.
7. In the Pr~er:t the mnrt~a{~ors sell, co~:vey or trnnsfer tl~e morl~;ngeci ~rPmises dtn-in~ the li/e n/ this r~torl;a~f~,
tJ~e~t this mort~~~e slrall, nt tlie nption of the Afortgn~;ce irerei~z, l~~~rnm~~ imrnerliatel•; duc nnd l~nyablc for tlie ~ull sluii oj
llrr ~rincipal l~nlance a~id i~iterest then due.
R. The terme "1Vlortga~or" and µMOCt$a~CC~ whenever ueed in thie iOBtrument ALall include the heirs, personal
repregentatives, suceeseors and aeai~as e~f the respective ptlYtt~e ~fEtCLO. Wherevtr ueed t~e e~in~{ular numtrer shall include
the ~lural and the plural the aingular, and the uec of any gender shall include all gend~rs.
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Si~ned, eealed and delivared in thc preeenee of: ~ : ~ _ _ _ _ (Ser?~.}
~ ~ ~ - ~
~ LX-%T.-~C . C:~. ~?~",~'f~,`''r!~, ,''~,r..F . (SBAL)
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S ATE O FLO IDA
COUNTY OF D s~
sL 7u c~ . .
Before m~ persona~ly appeared i . . . . . . , . < < i ~ . . , _ . . , . . ~ _ . _ ~ ~ ~
to m~ well known xnd I~nown to me to be t` e fadividuale deecribed in and wha ezecuted th~e fc~regoin~, inatrument, and
acknowledRed before mt that thCy executed th~ es~me for the purpoeea therein expree~td. OVITNESS my hand aad
oi'icial seat in tl.a Cuunty and Stxte last aforeaaid this - ~ ~ ~i; ` • - ~ , ' , •
~ '_....::~~.~-~~,y,
NaYary Public, State of Floride ~t larg~ ~
My Commiss,on Expires June 3Q, 196~, f •
d4?nded 1!y American Surety Co. of fM~ Y. Notary Pub c. State of~ ~
M~• (',emmiseion Expires: _ . . _ .
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