HomeMy WebLinkAbout0982 ?
Murt6a~or. In evcat rt forr.closu~e o( t6i~ ~nort~Re ur uther trauder of title to t6e mertsaied p~oper[y in euinsui~hnient ut the in~lebl•
ednea~ ssrured bereby, ~11 ri~t. tide and iutereu et t6e Mort~o~ iw aod to anr iwunnce policie~ thea ie torce ~hrll psey to tbe
purc6arer ur ~r~ntee.
16) To perf~rm~ e~o~plr ~vith add ~bide by eae6 ~nd every~ tlre rtipulstio~, ssreeraeots, cenditiatu aad cov~n~qq ia ~aid promis~ery
nute and ia tl?is deed ~ct (wrth.
(il 'I7fat i~ aa~ ~I wid snms o( m~.e7 6erein rcferred to be ool ptoa~pQ awd fulir prid wit6i¦ llfteen dq~ aeit
ae
atte~ the ~ame ~evenllr become~ due and pa~able. or if eacb~ ud every siipulationti a~rcen~ents, coaditiue~ asd eoveuaat~ ot ~aid
yrua~iwoq wte apd thb deed, or either~ are n~t fullr per(ormed, co~uplied wi~6 and .bided br~ t6e said •ssrepte ~um mentiowed in
nrid prvaii~wrr note ~hall becaae d~e aad p~rable tortb~vit6 or theceafter at tt~e option sf tbe ~fonR„aee a~ fnli~ and ceenplctel~ as
iC tbe atid ~~p~e~ste sara ot said promiswry awe ws~ ori~iaally ~tipul~ted t~ be wid oa ~uch day. aaythi~s in uid p~o~i~s~n wte
ur hersin to t6e eostnrr aohvitlutandin`.
t j) That in order t~ ~ectlente tl~t auturit~ ~f the in~iebted~ htrtbr secutcd, bcr~us= uf tl~e failurre ot ibc Mst1~+r8or to par aar
trz, aaewcnent, liabilitr. ~bli~ati~e or encwnbra~ce uNoa ~aid propertr. a 6erein provided, it ~6ril n~t be aeeewar7 or cequisite 16at
thr :~wetqaEer ~iulf 6nt p~~ t6e wne.
2. Tl~e Mortaagee may, ax hia optioa, snd without waivin~ IYie right to accelerate the indebtednes~ hereby
accured and tu foreclase the iame, par eitlter btfote or after dCll[IqIICOC~' :10y ot all of thoee certain obli6atiane
requi~d by ~he ~~r~n. h~reof to be pa;d by che Morc~~ ur [or the prntection of the n~ortgAge e~eecurity or for iht oollec-
c
tion of the indebtadness hereb~ secured. AIl aumx eo ~ v:~ced or paid by the 1lortgage~ shall be chargec3 inta tbe
inortgage aecaunt and becwrne sn u?te~ral part tl~ereo(, eubject in all reapects to t6e tern~s, cwxditiona, xnd covenants
of the aforesaid pr~miseorY note~ and tLis mortaa~e, su fnily aad to tl~e ssme ~~tent ae though a part of the original
iitdebtedneee evidenced by eaid note and aecuacd by `t:~is znortgagp, e~cepting howe~er, thae said eums ahall be repaid
the 1~Iort{~agee forthwith upon its denxaad and be ig addiaou to the re~ular manthly~ installrnenie ~?rovid~ed by the
IriOtt~a~C liOtE.
• 3. That tlie abatract or abatractu of title coverin~ the morigaged properi~• s1iAll at all timeR, during the li(e of
thie mort~yge, remaia iu poesessioa of tht Mortaa~ee and in event of the fore:cloeure of thia mQrtgaae or ather trstnafer
of title to th~ mortgaged proptrty au eztingeiiehment aF tl~e indebtedness eecured htreby, all right, title and intereet
of the ~Zort6agor in and to iny auth abstracts of title shall paws to the pnrchaeer or grantee.
4. '~'o ihe extent of t~e indebtedneee of the Mortgagor to t~e Mortgagce deecribed herein or secured hereby,
the 'liortgagee ia heseb}• subroaatc~ to tht lien or lien~ aud Lo the rig6ta of ti~e o«~nerd aod holdere thereof of each
and every mortgrge, 15en or other iuc~mbrance on the land described lierein i?hich is paid and/or satiafied, in whole
or in part, out ot the prooeede of t6e losn deacribed herein or secured hereby, and the reapective licne of sxid mort-
ga~ea, liena ar ather incumbraucaE, ehall be aad t6t aame and eac6 of tl~ein htreb} is ~?reeerved and ahall paes to and
1?e hrid b~• t6e !~iort~ap~ee herein as eecurity for the iudebtedne~ to t}~e I1lortgagee hereia deacribed or hereby eecured,
tr~ the same extent thst it M-ould havt }?een pc~eeer~•td and would ha~•e heen pnsecd to and been held by the Mortg~?gee
had it }~een duly and reg,ularly aeei~ied, traneferrtd,, eet over, •rud deli?ered u?~to ttie Mortgagee b}' se}rarate deed of
a.~i~iinent, notw•ithetandina the fact that the xame may be eatis6ed and cancel{ed oF record, it hein~ the intention oi the
~?~rties ]tereto ihat the samz will be eatisfied aad canctlled o[ record by tht holdera t~ereof at or about the time of
t4~e recort~in~ oE ihie mortKa6e.
S. In th~ event the ownership of the mort~aged pre~~i~R, nr an~~ part tl~ereof, brrcon~ea veAted in a pereon other
than ihe Mortgagor, the '_liortgagee may, without nutice ta the Mortgagor, de~l with euch ayccea~wr ur succeseore in
intereRt „•ith reference ta thia decd and the debt hertiby etcured, in th~ rame manner as with the '~iort~agor without
i~i ru~~ way ritiating or diecharging the Mortgagor'e 1ia6ility hereunder or upon the ~lcbt her~by eecured. No sale of
tlie premieex hereb}~ mort agrd and no forbearance on the part af thr '~iartqa~ee, znd reo €xtension nf the time for the
~~aynient af the debt here~~- esec~ired given by the Mortga~ee a}~all operate to release, diechargef mo~lif}', change or affeet
the ori~inal lial~ilit}' of the Mortga~or herein eithtr in whde or in part.
Tiie lien ~ thie deed eecures and ehall continue to aerure ~a~-meiit of said in~iebtednese or indebtedneae,
i?~we~•er evidenced, w~ther by ~aaid promieeory note or any rrnswal or r.xteneion thereof or Aubetitute t~aerr.for, or
ott~erwise, until all euch jndebtednea9 ehait hrve bcen fullv paid.
7. I~t Phc• P,~ent tlre mnrt~a{~ors sell, cn~tz~ey in' h~nr,sJer~ litr~ r~tnz't.~rn~ed ~rPrriises dt~t~irt~ th~~ lije c.f t/tis ±rtort~a~r~,
tlre~~ tl~is mort~~~ye slrall, at the obliort oj the ,iforl~a~E~~ he~~ei,i, l,c°runte imn:~%li~telti~ d~rc rtricl ~~~~at~te for~ l/~e jt~ll su,~~ af
tfr~~ ~ri>~ri~ial bnla:~rp nnd interest thFn dtte.
8. The terme "!VMortgagor" and "Mort~ugee" wheucrer ueed in thie inatrument sliaEl include the heirg, personal
, re~~re4entativea, su~oeeaors and ae~i~na of the reApective pacitiee hereto. Wherever uecd the ~ia~ul~r num}rer Rhail include
the ~?lueai ~nd the plural the singular, and the uRt of an}' p,enc~er shall include all gendere.
~ ~ ~7',%~ ~iZ/)-~,
~+i~ned, ae~led and delAVered in t6e prexnce of: ~.-t~t ~r( (Se~L)
~ f:% ' ~ 'j~
,
! ~ ca ' ~t.L.-i ' , _ ! J
~ ' ' ` ='1 'Y ° . ` , ` .-y~ ~~~i"~ C~. ,,f ~ t ~ W,/~- , . { SEAL ~
,
• j' _
~~L '
. ~
,
S'I'A`I'E ~F FIARIUA ~
t;OU~iT7i QF DADE S5
Before ~me pereonally appcared . , ; ' . A . . : . ' - . . . , . - - ,
to me well known and known to me to be the individuale de~cribed in and who ezccuted th~ foregoing inacrumer~t, aad
acknowleslged l~efnre me that they executed the earrae for the purpoeea therein ezpreex~ed. ~K%I'I'N~;SS m~~ hand and
olFcial eeel is~ ti.~ CQUnty and Strete la6t a[nreesid thie , , ' ; ~ ~ . _ , ' : .
7/ i
.
Notary Pub~lc, State of F~arfda at l:ar~e J `
My Cemm:ss on Exp:res June 30, 1967 _ . _ ~
.
~ k~ondzd By American 5urety Co. pf X,. ~ /
Mr• t;ommiRgioa Expiree: . Notary Publi State of
. FIL , AND R~CORDED : ~ _
~ ~ ...~OOK - _ .
. '1 f /t
L~/ ' '
. 'CF C/~ . 4-
'~5 ti+"" w p.1~ ; n: 2 3
. „ ,
RQG~F; ;=~t~i~,',S, ~rtv~K {01~~.1i~1 . ~~o
5T. t,~ ~ C~Uh
~'~.ORlQA .