HomeMy WebLinkAbout0947 Meetsaso~. Ir tvert ~i (oreelo~ure ot tbu cY~ort~a~e or otber trirufet o( title to t~e m~ti~a~ed phpert~ in eatia6ui~hnunt ui tbe iadebt•
edne~r seca~d berobr, rU ris6t. title aad interest oP thc Mort~or iw md to aar ia~ursnce policie~ tF~en iu i~rce ~1u~11 p~s~ te tbt
pure6~~er ~ ~r~lee.
(6) To pe~{~tm, e~tpl~ rit6 ard abide b7 eacb and every tbe rtipul~po~ a~roeaaeata, c~aditiens and eoreaanq ie uid promi~asry
note ~ad ia t?u deed ~et (~rtb.
(i) T1~t it ~er Mid ~wa~ ~f m~oe~ Lereia referrcd tw be n~t prompll aed f~y paia wit~ia tifteen d~~~ weit
dte~ tt,e wme ~everai) bceoew~s d~e aad e ~
~ ~?a~ible, ~r i( t+re6 ¦ed CYE~' esipWl~tiopa, asreewcat~., rouditior and cavewats ot wid
prwniMSC~ rote ~d tLi~ deed, or eitLer. are aot fallr periorrned. cauplied wit6 and abided br, tbe eaid a6~epie ~um meatiooed ia
e~id ptwuiiwt7 wte sball beeoare dYe a?sd p~rable furtbwith ~r tbtrea(tc~ at tAe uptioa ei the MortRr`ee n ta!!~ and romplNely ~
if t6e atid ~~repte a~ua ot s~id prou~iworr aote wa~ arisindlr ~tipulstrd t• be p~id as ~uch da~-, anrt6i~` in ~aid p~s~ai~ssi7r Nte
or herein to rbe eootrary nstwith~t~ndins.
l) ) That in otdtr t~ acceleratc t6e maturit~ ~f t6e indebted~a~ 6ereb~ ~ccured, t?esawe uf the failure et t6e M~rtsa~or to p~~ aa~
ax, weruneot, liabilit~, ~bliptiw or eecnnybrana~e upos said rroperty, a~ hereia p~ovidc~ it s6a11 ~ot be nceewan o~ rcqui~ite tlut
the uwrtgap~cY ~hall 6rst p~r the ~une.
2. Tlie Mortg~aee miy, nt bis optiioa, and without waivin lus right to accelerste the indebtedne~ hercby
secured and to foreclaet the esme, pay either before or after de~inqueacy any or all of thoee certain obli6atione
~ required by t6t tet7ms he~eof to be paid bj tbe Mortgaaor for t6e proteetion of the n~ortgage security or for the oollec-
` tioa of the indebiedncas 4~err.by stcured. Ail eumn eo adranccd or ps~id by the Mortg~gee ahall be charged into the
mort~age account and be~ome an integral part t6ereof, aubject in ill reepects to ihe ternie, conditions, and cavenanta
of the afores~+id promiseory note, aad tlsis mort6s~e, as Eully and ta tLe wme ~itent as thau~h a pxrt of the original
indebtedneae e~~idenced by said note and ~ired by thie martgage, excepting huwever, that said surns ehall be r~cp~id
~ the Mort6agee forthwith upon its deniaad and be in addition to the regulAr monthl~• ins3allmenta provided by the
inor[gagt nott.
3. That tiie ab~tract or abetracta of title coverin6 the mort~aged propert}' sl~xll at all timea, during the life o[
thie inortgage. remain in poeaessioa oE thc Mortaagee and in er•eni of the forecloeure o[ thie mortgaae or other tranafer
of title to thc n~artgaged property iu extinguiehment of the indebtedne'9 secured hereby, all right, title and iaterest
of the blort~agor ia and to any aach abettacta of title shall pass to the p~~rchaeer or 6rantce.
4. To tlie extent o[ ti~e indebtedneee of tbe Mort~agor to the Mortga~ee deecribed herein or 8ecured bereby,
the ?1'Iartga~•e ie herebp subrn ated to the lien or liene aad tn the righta of the o~.nere and holdera thereof nf e~ch
, and every mortg•age, lien or ~r incumbrance on the land de9cribed herein Mhich ia paid and/or eatieSed, in w6ole
or in part, out of the proc~eds of t!~ loan descril~ed herein or secured heteby, and the reapective licne of aaid mort•
gages, leens or other incumbranoea, ehall be and the esme and each of them hereb}~ ia pregerved and ehall paee to and
!~e held b~• the Mort6agee herein as eecurity for the indebtedrse~ to the 1liort6H~ee herein deacribed or hereby s~.-ured,
ta the sssme extent that it w-auld 6ave beea pre~er~~ed and would hare heen paeeed to and bren held b}' the Mort~agec
had it been duly and regularly asei~q~ed, iraneferred, eet over, aud ~ieli?ered wito tlie 1'tortoagee by se}?asate deed of
r~i~nnent, notwithetandin~ tht fact that thc same may be aatiefied and cacacelled of record, it being the intention o[ ;he
3?artiea lteret~ that the eame will 1?e eatiefied and cancelled of record by the holdera thereof at or about the time of
th~ rrc..tdin~ of thie mort~aae.
S. In the event 3he a~anecehip of the mortgaged premises, or an~- part tl:ere~f, becomea veated in a person othtr
than tla~ Mortgagor, the '~lortga~ee may, without notiee to the Mortgagor, deal with euch succeeeor or sucet.aeors in
interext Mith reference to thia deed and the debt hereby secured, in tl~e same maaner as a~ith the MortRagor without
in ai?y way ~~itiatinS or dia~harging the Mortga~or s liabilit~~ he.rrun~3er or upon the debt hereby eecured. No a~le of
the premieex hereb~• mortgaged and no farbearance on the part oF' the 'liort~aqt*e, and no extennian of the time for the
~~aytt~r,r~t of tht debt hereb~• aecured given by the Mortgagec ahall operate to relcase, discl~arge, m«lif}•, change or aiieet
t1~e ori~inal liabilit}' of the Mortga~or herein either in whde or in part.
The lien of tliia deed aecurea aad ahall eontinue to aectire pa~-ment of eaid indebtedneea or indebtedncas,
hoN•e~•er evidenccd, whether b}• said promieeory note or s?ny renewat or extension thereof nr eubetitute thcsefor, or
otlierwise, nntil all euch indebtcdncxs shall have been fulh- paid.
7• I~~ ihe Pz~ent tlre mnr~t~a~ors sell, rottr~ej~ or hn~asJr~r the »iorf{«~rd firPntises dtcrin{ the ti(e oj tltis m~~rt~n.t;e°,
tl~en this mort~a~e shall, nt tlre uption of :he ,lfortg~~~<~~ hPreirr, bernme intmrriinte•!ti~ iluc nnd Ua)'a'~le for tlrc full scu~i of
tlrc~ ~ri~tciflal balnnce a~td i~rterest 1he~a due.
; 8. The ternis "Mortgagor" and "Martgagec" ryhe~ever used in thia ipstrument Ah:+ll include ths heira, personal
' rel?re~entativea, avccesgors and aeei~Cna of the reapective partiea hereto. Wherevtr aeed the Pin~lar number ehall include
j the plural and the plural th~ eiagular, and the uee oF ang• gender
shall include all ~enderd.
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~ ~i~ned, aealed and delivered in the preaence of: (S~+L)
~ ~ ~ -r,. ,7,/. ~ 1`~~~~ ~ ~Z: ~'t`/r( C2 c_~~; L~/.~k
~~...~~f/~ (SEAL~
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~ 3'i'ATE OF FLORtDA
~ (;OUNTY OF IiAD~ gs _
,
. . a -
'i Before me perx~aadly apPeared ' ' - . . _ , ' . - . . . . . ; : r : ~ 1 . . ' . . _ . . _ : , . : i : ~ ,
~ ta me well known and known to me to be the individuala deecribed in and who execute.d the foregoing inatrumtnt, s?nd =
{ acka~owledgec~ before mt that they e~e~uted the eame :~,r ~he purpaeea therein expreeaed. ~%ITIVE?S my' h~nd and
'E o~icial aea! in tl,a County ~nd State laet aforeeaid tl~is
E ~ . . . . . .
~ I - ~ . Y. ~
~ , ~ ~
Notary Publtc, State o4 Flortda at L:a~s _ ~.~.f_l--r-
~ . , - '
My ~or'nmid~~0~ Expires !une 30, 1967 _ • ~ '
M~- (~otn~~?ieeion Ex~Q!'~ 4me~ican Surety Co. sf h. Y, .
Notary P~blic, 5tate of '
~ FIl. •A~ ~~~R BOOK l~~ ' . ,
_ ' _ % ~1~~=` . .
~j~,%~, / ; 7~,, `
_ . ~ - - ,s~ 5~;~~ 3 P1~ 1 . 19
~ ~ ~ ~i_~~~ ~ ~ ~j"
~ Ro` ~_i~ ~E~-~:,,'.. ~~c'~
JT. L.UC COtfNTY. 3.;:i ~
FLORIQA