HomeMy WebLinkAbout0824 41uH~~~or. In eveat of (orecloture u( t6i• ~nortRr6r ur other tra4der of titie to 3he u~ort~ared ptsperty in estinguisluucnt o( t6c indebt-
ednep seeurea ~ereby, al1 ri66t, tidt aad iniertst o( the !11orlKsxor ia aad lu an~ iu~urance policir~ thtn in force ~}:rll pass tu t6e
purch~aer ur arnlt~e.
(h! To perto~ cwipl~ ~+ith ~ad ~bide br earh aed every the Ripul~tions. aKreemeob, ronditiom aud .orrnrnu in said prwnissory
note aod in thu deed se~ t•nh.
( i) That i( asr d~aid ~unu o( n~~ne7 6erein retcrred to be not pro~ptl~ .nd full~ paid ti it6ia ff ittti~n drr~ ue.it
after tlx ~uae ~ererslt~ beranWea dwe and pr7rable, ur iE ear6 arrd evtry tl~e rtipulatiooi, a~rcemenu, cunditiom tu~ ro~cn~nu o( said
Nrutni..on eo~e wd ~6i. deed. or either~ are not (ullr perfuRUed, co~uplied ~vith and ~bided by, tbe wid asRre~te eum mcntioned in
arid prauiieory note ~all becwnc d~e and p~rablc forth~rith or theresRer s~t the optioe uf the ~furtRnKee a fullr ~nd co~npletely as
if the said ~~arepte su~n of e~id promi~sory note wa~ oriRindly rtipulued to be paid un •ueh day, rnythinR in wid pra~iworr este
u~ hcrein t+a ttiie eoatnty notwithst~ndin6.
l j) `:'t~at in ordes te aeceler~te tLe n~aturitr a( the iadebtedaer hereby secured, Lecauae of the failu~e o( the Mort~sRor tu p~r anr
tr.., awebunent, liability. obli~tion ot tncu~nbtance upoa srid propertr, u herein pruvi3ed, it ahill nut be ncctssarr or requisitt the~t
th~~ ~~~uH4aRtr ~hall Snt pa~ thr wme.
2. Tlie ii]ortgagee inay, at his optioa, and without Wi1V1Il~ I118 right to accelr.rate the indebtedneea herr.by
aecured and to foreclase the same, pay eitber before or after delinqueoc~• an - oc all oF tho~ce certain obliaation~
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required by the terms her~of to be paid by the Mortasgor for the protection o[ t e ntiortgage security or for t6~ collec-
tion of the indebtedn~ess hereby aecured. All eume? eo advanced or paid by the 1~lortgagee ahall be chargcd into the
mortga~e account and become sn integrsl p~tri thercof', 9ubjeet in all re8pecta to the terme, conditione, and eoveaanta
of the afUreeaid promieeory note, aad thia mortaa~, ae fu11y and to the same. extent a5 thuugti a part of the original
iudc~btedneee e~~idenr.ed by said note and a~cured y thia tuortgage, c~cepting huwever, that said eumR ehall be repttid
the ~1'Iortgaget Iorth~.~eth upnn ite deniand dnd bt in addition to the regular monthly installitieenta provided by the
u~ortga~{e note.
3. 1'hai tl~e ab~tract or abatracta of title covering the morigaged property ~liall at al! tinie.8, during the liCe o(
thia ~nort~age. remain in ~oeseesion of the A~Iortgagee and in event of the forecloeure oi thie mortgage or other tranafer
of title to thc mortgaged property iu extinguiahment of the indebtedriesy eecured hereb}', all right, title and interest
of the '~Sortga6or in and to ~ny a~.ch sbetraets ot tide ehall pac+~ to the purchaeer or grantee.
4. T~o ihe extent of the indebtedneae of the Mortgagur to the ~'lortgagce deecribed herein or eecured htrtbv,
the '~lortgagee i.~ hereb}• aubrog~ted to the lien ue liens aud to the righte of the o~~-ners and holdera thereof of each
und every mortguge. iien or other incumbrance ou the land described herean w~hich ie paid And; or satieSed, in whole
or in part, oat oi the prc~ceedB oF tix: loan deecribed herein or 3ecared hereby, and the reapective lienh of eaid mort-
~aKes, lienB or other incurnbrancee, ah~ll be and the same and each of tht~~n hercb~ ia preserved and c?6a11 aea to and
lie hei~i b}~ the ':iiortgaaee herein as necurity for the indebtedne~, tn the ?1lortgagee herein dPSCribed or here~v ~ured.
to the same extent t6at it N•ould have i~cen preaen•er~ and would ha~-e heen paeeed to aud been }?eld b}• the NFoctgagee
iead it been duly and regularly aeei~~ed, iran~ferre3, eet over, ~nd delitiered ui~to tiie Mort~a~r-r b~• separate deeal of
a:+~:i~anent, «ot~.•ithetanding the fact that the same ma}' be satiefied and cancelled of record, it ~eiu~ the inLention of the
parties liereso that the sanr?e wiil l~t aatig&ed and cancelleci of recurd b}- the holdera tiiereof at or abr~ut the iime af
ihe recc?rdin~ of this mortga~e.
5. In the event the ownerahip c~E the mortgaged pre~niqr~, or any part tiierec?f, b~econ~rs ve~ted io u}?er~on other
than tlie Mortgagnr, the '_1lortgagee may, without notice to tite Mort~agor, deal with aach succrafwr ur auccesear6 in
i~itereFY K7t}[ refe~ence to thie deed aud the debt hereby eecured, in thr game manner aK with the ~IortRa~or without
in ~i?}• way ~-itiatin~ or discharging the MortRa~or e 2iabilitti• hereunder or upot~ the debt hercb}` ~~~ured. No sale of
the }?rCmieeF Itcreb~• n~art aged and no Corbearance on the part of ti~e !~1urt~a~ee, snd no eYtenPion ~f the time for the
payn:Pnt oF the debt herc~}~ see~ired given by the Mortg~gee »hall o}?erate eo re'~easse, diac}ear~e, mo~iif}', chaetge or affect
the oririnal liabeiit~• of the D'Iortga~ar herein either in whde or in part.
~i. The lien o!' ihia deed eecurea and ehal! continue ta aeeure ~ia~•n`ent of Faid indebtednee+ or indebtednese,
1?ow~e~•er evidenctd, whether by~ eaid promiesory note or any rene.wai ar extenRion thereof or eubRtitute therr.fur, or
otl~erwiae, i~ntil ali euch in~lebtedne~v ehall have been full~~ paid.
7. I~t tlte e~-erit !!ie »r~ntt;~t;Tors self, ror~i~r~t~ or hnrisfrr thr° ur~,rt~ntied ~~rPmises r(tni!t~ tlic~ li(e uf !iiis rttur~l_~n,~r~,
tlicn tl~is mnrt~~i,~e shn(1. nt tlre optinn of the Afort~a~f°~ hrrern. i~~•rn~nc~ 11)7)?1ffll(Itfl;• dr~c~ nr~~l ~1a~~nble for tlae ~ull sum oi
thr> ~rinci~al balnn~e uncl i~iterest then due.
8. The terme "Mortgagor" and "~+Iortg~gce" whenewer used iu this inatrument ~i~all inclu~le the heira, personal
re~ire~eniati~~e~, succes~ors and aeeip~ne e?f the re~pective parties hereto. lVherever u~ed the e~inqular n~tml~r ahaii include
the plural and the plurAl the eiagular, ar+d the uae of an}• ~;enc~er shall include ali gendera.
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5i~;r~ed, eealed and delivered in the presen~ce of: _ ~~..r _ ".L v~ . _ yF:,?[.
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ST~#TF QF FLORIUA
COUNTY OF' ~
3t. e
Befure me Freraonally ~pptared J. LStiiIS ~~?d J~ L. L~1~tIS a~k~a d~fSLI, I~ifIBe his ~?it•
to me well known and known to me to be the indi~~idu~le deacribed in and whn executed the fore~oin~ iaesrument, and
3ckr~owledK~d befare tree that thty exec~eted ihe same for the purpoeee therein expreeeed. ~VITN~SS tny hand and
o~cial aeal in tl.a G?unty and State laet aforesxid thie 21st tiaT of 1S~?T~ 19 .
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Notary Pubtic, Siate ot Flurtda at La~i ~ • ' ~
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My Commission Expires June 30, 1967. ` ~
9onded By American Su~ery Ca ot1'1. ll, e~
Mv (;ommiesioo Expir~es: . _ Noiary Publi Stxte ~f ` . . >
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~'LORIDA