HomeMy WebLinkAbout0741 1~1urtKa~or. In eveat v( foreclorure uf th~s ~~~ortR.rRr ~r uthrr irattdrr of t~tlt ta~ the u?urtKadeJ pruperiy in rxtinguishi~~rn; uf tbc indrbt-
cdnawa recured 6ereby, rll ri~Lt, title rnd iuterees of th~ llortRo~or in and to rn~ iwunnce policies then in forc~ ~hall paee to f6e
Nurcu~aer ur 6raptee
(hl To perform, compir ~vith and •b~de by each aaJ every the ~iipulrlioni, aKreemeat~, eoaditiuna Yi1~I cuv~n~nts in eaid prun~iseory
rwtr and in t6ii deed u~t forth.
( i f That i( •nr o[ iaid ~uma od mewe~ herein referred tu Le nd prumptir aad fetllT paid withia fitt~ti ~i d~ya ncxt
aftcr the w~me eerenll~ beconxs due red pafable, v~ it tach ted evsry ihe rtipulation~, s~reenimts, eonditivne ¦nd ro~eu~nu u( sai~1
Nrumiwrr nott apd t6i~ deed. ot either. are not fully petfortncd, to?uplied wit6 rod abided by, t6r raid a6greKate euru mrntiuned in
.aid proniiwory nute ~Il becwne due and {»yabl~ [orthwith or thecea(ter rt the opuma uf the 31ortKrFee ar fully rnd eo~upletely ae
i( the said •Sarepte •uiu of Faid prowiawry pote wH vri6inally rtipul~led tu lx psid OR eu~h da>, xny?hinR in s~id promissorr note
~~r lierein to t6e eoetnry rtolwitlutrndins.
li i"That in order 1• rcrelente the m~turity uf thc indebtedaer+ h~rebr aecurcd, I~cause uf the iriiure o( the ~lonRaRu~ to ~r rnr
ta~, rr~ebaenent, (iabiiity, obliKatioe u~ encumbrancr upon eaid propeny, as hrrein pra»ided, it uhrll not be n~ce?aar7 us requieite that
tl,r uivrtSaRer shali tint pay t6~ same.
"I'l~e jlortgagee inay, at hie option, and without waiving hie riglit to ntteleratr, thc: indebtedneee hereby
~currvl aud to foreclade the same, pYy eieher before or after delinqueac?~ an~• or all u[ thc~e certain obligatiot?e
reyuire~i by the term~ hereof to be paid by ihe Mnrtga~or for the protection of thr mortga~r. securit}' or for the collec•
tion uf thr. indebtedneee hereb~ eecured. Ail ~ume so advanced or paid by the llnrtga~re ahall 1~ charged into tLe
~nortgage account and become an integral part thereoC, subject in all reapect~ ta thr. term~, co?~ditione, and covenant8
uC the afureeaid prumisesory ~iote, and Lhia mortga , ae [uUy aud to the uamc extent ae thou~h a part oF the ari~inal
i~ulebtedneeh e~ideuce~d b~• ~sid nate and aecured ~y thia tztortgage, e~cepting huwe~er, that ~aid rumr, Ahall be re~aid
.4e '~Tort~a~ee EurthK•ith upon its demand and bt in ~r~dition tu the regular n~onthl}• installinents provideu by the
~~~urt~;~Ke nott.
3, "i'li:et tite abytract or abatracts c~f' title covening the mori~aged }~roperty~ sliali :~t ~ll tirne.~, ~luring ~he life of
thi~ ~nort~age. reinain in poeaesaion of the ~'Iurt~agee and in event of the C~rtcloeure of thie n~ort~age or other tranafer
of title to the n?art,gaged properiy iu extinguiehtnent of the indebtedne.4s accured hereb}', all ri~ht, titte and iuterest
o( the 3Tortgagor in and to aay auc.h abetracta of title a~iall pass to the Fnrcha»er or grantee.
4. To t1?e extent of tbe indebtedn~ea of the Mortgagur to t}ie ~'lortgagee descrihed lierein ur secured hexeby,
tlie '11ort~;agee i~+ hereb?• aubrog~tcd to tlie lien or liena and to the rights of tiie o«nerN and holder~ thereof of each
and every~ mortgaKe, iien or other incambrance on the 1•and describe~ iierein which ie paid aa~3lur ~atiefied, in wholr.
ur in part, out oE the proceede of ¢he loan deecribed herein ar yecured I~ereby~, u~~d d~e respective lienh of aaid mort-
~a~ee, liena nr other incumbrance.a, ehall be and tht ~ame and each of tl~een leerel~~ i~ ~,reser~~ed and ~hall ~aae to and
l~e held b~• the '1'[ortRagee herein ae eiecurity for the indebLedne.~n to thr tilortgagec herein described or her~~~• gecured,
to tlie sanxe ~extent that it r,rauld have h`een pteaerved and w~uld ha~e heen paesed to aud l~c,n hel~l hti the 1lortga~ee
ha~l it bees~ duly and re~larly aeei~ed, traneferred, set over, aud delieered uutu tlie ~lort~a~eE~ h. ~<~~~arate cleed of
.~;,•ignu~ent, notwithetandin~ the fact that ihe same mpy be xatiRfied and cancelled oi recnrd, it bei~~r tt~c• inten~io« <,f cht~
~,3rties lze~retn that the same will be aatiafied and r.ancelle~ o[' mcor~l hy thP hnldee~ th~re~~C .~t ~~r .~b~~ut the tirnr ~~f
t4je rec+?rdin~ of thie mort~a~e.
5. In the event the owneeehip of the murtgaged pren?ivra. or an} part tLereof, becornes ~r..tt•il in a~?er~on othea
than the bZortgagor, the '~tortgy~ee ma~~, without nuticc to the '~1ort~a~or, deal with auch Huccr.fu+or ur +ucceeaors i~i
i~~tere.t a~ith refemnce to this dec~ and the debt hereby secured, in thp vanie manner ars N~ith the ~1or,~a~;or without
in a~~v way vitiatin~ or diachar~ing the '.V[ort~a~or'e iiabilitr• herrunder ~u up~n thr. ~lebt Iserel?r :;r~cured. No Fale of
tiie ~rrer~~ieen: 1~ereb~• inortgagrd and no forbearancr oi? the part of the ~1ort~a~ee, ~nd no r.~tenHion ~if tl~e time for the
payrnput of the debt hereb} aecnred ~ivea h}' the Mort(~a~ee shall nperatr to relraqe, divcl~ar~e, ~no~iifr, chan~e or aRect
tl~e ori~inai liabilit}' of the '.V(ortRa~or herein either in whde or in Paet. ~ ~
fi. 'I'he lien of thia d~d aecuree and ehall co~tinue to aeciare i?:1~"I11PI11 u( r.aid indPbtednee+ or indebtednega,
~~~ywP~-er e~~i~lenret~, whether b}' aaid ~ramiesory noYe os aav renewal or Pxieneioei theren~F ~r ~+ubytitt~te thcrefor, c~r
nti~Frwise, .umil ali auch indebtedneas ahall have been falh• paid.
7. J)1 ~~It' C7~C)11 ~~)P ITiO1'tyQ,~O)'J SC1~, f!)l'l7'P1` /iT .'1'llllS~t'1~ jf!!' 'R!)t~t~Tll~~P(~ ~1FPP1?~P~ (~Cllf'1!~~ I~i(' ~l~t' Il~ /~!!S )?2(11~~;~Cl,~f'.
11!!q)! Of ~ftP ~1101'f~R~~~P 71E';'P1)1. ~~r'r'~~t7,!t' t7It11tP(~1lt~t'(`; [l!li' /lltCl ~JQ1'lltl(t' ~n}' f~lP. (tlll Sf('ll
tlr~~ t~rr»~ipaC batnrt<t• rntd i~tierest t)te~t dtte.
8. 7'he ternis "ldtort~agar" and "i4ionga~ee" whenever uRr.d iii this iaRtrument al~atl inclu~le the heira, persanal
re~ire~c•ntati~•es, succeseors anci aeni~r?s ~nf' the respective partiee heretn. Wherever utied the ainRular t~umt?er ai?all inclucle
the plural ~nd the plurul the ain~~iar, and the u~e. of an~• ~r,nder shall inciude all ~;ender~.
~i~oei , eealed and d'~e ed in the presence of: ~-C-~-~ . C~ ~!U~ ~~P.AL~
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5'TA'I'E OF FL~RII3A ~ ~~~a _ .l
(:()liNTX OF ~ ss
ST. LIICI~
Before tne peraonalty appeared PAIIL F. $~GF~S and ET~iEL ROGERS~ hie w1~• at~.d ELYE~'~ 5?i~TH~ sn
to me w~ll known and knawc to me to be the individnale deecribed in aod who executed the f~i~ib~rumen ~and
acknowlcKlqed before me that they eaecuted the eame for th~ purpaeee therein expresscd. WITNESS my hand and
oAicial eeal in tt.a County xnd St~te laet afoTCaaid thie 14th day of t~Lty~ 65.
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Notary Public, State of Florida at Large l
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My Comm;ssion Exp(res June 30, 1967
Bonded By AmeriC~n Surety Ca. of fV. Y. "
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i41~- (:ommiesian Expiree: _ iVot~ry P~blic, State of :l ~ '
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