HomeMy WebLinkAbout1003 4lurt~a~ur. In evrat vi forerlosure t6i. ~uun~aRr ur othei tr~s(er uf titie to the wurtRa~ed ptupierty ~n r~tin~ui~Lntent uf the ;n,irbt.
- ednea~ aecund he~br, ~l! ri~ht, iitle ~nd intereet ot iix HortXaRor i~~ and t~ an~ in~ur~wce pulicics then iu furce. ehall paee to thr
NUrrFa+uer ur ~raetee.
~ lhI To pcrfot~m~ cw~?ply with aad ~6ide br c~c6 aeJ evrn t6c ~ti ulrtionr, r
~ P Kt~cmedt~, cotedi~ione~ •ud ruvc~wou ~q ~id pra~y~iss+.r)
note and ie t~i~ beed ~ei farth.
( i) That i( aa~ e( wd ~wua ai ruone~ 6a~ein re(errea i~ !x aet pzumptlx +iad f•.illy p~id W I1~1)p I~Ptfti't1 ~ia~e acat
after thr ~ne ~ert,~rallr bocomer due iued p~yaLle, or if eec6 and erery the stipulrtionti aareeuitnta, ror~~litians and eaveuaob o( wid
~ _ yrucnias~~ oute aod thi~ dcad. ur eitber, ~r+e not fullt y~esioewed, co~aplied rrit6 and +~bidal hY, t6r. inid aa~re~lc aum mcntior?eJ in
,~id promiMOry aole ~6all berwne due asid parable fonh'?ith or ihr.ta(irr at tht ~i~iro ui the ~'furtRa~re ae fully ~nd ro:iaplet~ly a~
. if Ihr said •~~tepte ~u~a of d~id promi~ao~ onte was uci~?nally rtipua~t~d tu ku psid oe euth ti~~. rnythiQR i~ ~s~d prna~iNery a~te
+,r I~erein [o tLe roqlrarr notwit~ltltn~~inR.
tj~ Thnt in otder to rereltc~te tlee matun!} of t6e inde~ir.iueti hrreby recured, bcewuer ut thr (rilure v~ ILe 41urtKa~or tu psr ~n~
t„~. e,wtas~nent, li~.bilitr. ebli~tise or ~nruu~brance u~en srid prn~?ertr~ ae l~erein proriJed, it rhal; nut be aeeessar7 ar rtqui~ite ihat
' ihr :~~prtgl~rc L~a~l lirtt p~~ ttle ~aiat.
T'lie :1lortsa~e Ynay, at.hie option, ~ad withwtt ?`air•uig lun rigtit to accelerate the indebtednese herebv
secured and to foreclawe the aamt, pay eithcr before ~r after delinqu~nc~• any vr a!1 of tl~oee certxin obli~ation~
required by the terms hereof to be ~~aid by the M~rt~a~or for ih~ protection of the mort~ag~ ;~e~curitr or for the cc,ilec-
tion of the indebtednew hereby aecured. All sumu~ so Advanerd or p~id by tht Nortga~ee e:hall be charvc~ into the
innatga~;e acc~unt and become sn integrsl prrt thetyeof, a~bjeet in alf ree}~~cte to the t~rrns, conditioren, aud covenante
uf the aForeaaid promiarwry rsote, and thia moctgY ,w fully aud to thc name extent aK thou~h a part oE the original
~ iudebtedneee evidenced by ~aid note and aecured ~hia smartgagr, excepting huwe~etr, that said a+une ~hall be repaid
t}tie Mort~agee forihwith upon ita de~nand and bie in additian to the regular monthly instaliyne~Yis pra~~ided by ti?e
~ enurt~a~e no!C.
3. '1'Fiat tlie a~»tract or abetracW oF title covtriYtg tlte martqaged pr~perty sLall at dil tirrae,,~, durinp, the life of
tlyie mort~:~ge, rearain in poeaeasioa of the :~Iort~a~ee an~~ in event of the iarecioaure vf thiR mortgage or other trunafer
of title to the n~ortpaged propcrt}• iu extinguiehment of the indabtedn~y eecured htrebr•, all right, t~tle and interest
oE t~e :~Yort~agor in and to any auch abeeracta of title shall i?aRS to the pntr,haeer or grantee;.
4. T'a the exteat af the indebtedneee af the Mort~~ur to thc Mortga~;er. descrihed herein or aecured hereby.
the ~lortgagee in hereb}' subrogated tv tl?e lien or liezu aud io the right6 of tl~e o~~nere •rnd ho~dera thereo( o[ e. ch
~ and every mortgyge. lien or other incumbraneC on ttse~ land described }icrein which ie paid an~%or 3811A~C~I, in whole
' or in pArt, out of the proceeds of the loan d+r.acrib~ci ~crein or ~ecured hereby. aud the rea~?ective lieas of eaid mort-
~a~eee~, licns or other incumbrances, ehri[ be utd the same an~i eacfi of them hcreb~~ ie i~rescrved and shall paea to and
l~e held by the Mort~agee herein ae eecurity for the i~cie~tranexe to the iltortga~ee herein deacrihs,d or hereby eecurer3.
to tfie same extent that it r?ould have been grr.ren•ed ai~d wouid ha~•r_ beert aseed to and 1?r~-n f~eld the :l'Iortgagee
tYad it been duly and~~re~u'ariy -r~ied, tran.~fcrrtd, xet avtr, and deli~erec~ uuto ttie :~fc~rtra~er b~~ ~~:~~arate deecl of
:~~u.igtunent, noto`iihatandinR tht fact t~at the s~me m~y br. eatiefied and cancetled ~f rr.cor~~, it beiu~ the intention of the
!,•rrties hereto that the same wi11 I~e ~atiafied and cancellEd of IP.CO!(~ h~' t~1P. holdere there~?f at or about the tume oi
tite rre~~rdir~g of thia mort~aae.
' S. In the e~•ent i}te m+~nert+hip of tht morl~a~e~'! ~?tatiivice, or an} ~?art tLereof, becomry ~e.ted in a per9on n~ther
than tl?~ 11~ort~agor, t~ '1lortga~ee mav, withuui notice t~~ ~?e Mort~agor, ~ieai witi? auch Hucce~r c,r sucec~aore in
i~ite*e:~t ~r~ith referenct to this deed and the debt herr,by eecured, in tl~r s.ime maau~er aK with tF?e '~1ort~a~or without
i~~ anr way vitiutin~ or di~schar~inQ the iiort~a~or'n liabilit}• hercunder ~~r up~i the debt hereby r~ec?ered. \o aale of
tlir. lir~t~~ie~ fit!'e~lf' mortQagrtl and no forbearance on the part oE t~e 1lortk.?qrw, anc~l no fYCPl191f)Il c?f the time Eor ihe
~>aynieiit of tlae de~i 4~tre~n• atct~red ~iven by the ?4Scttiga~ee ehal) aperatr relr_ase~ diachar~e, ma~if~~, rhan~e or aPfect
- tlie ori~inai liabili~~• of the~4TartqaRar herein either in wnole or in part.
h. T}~r lien of this deed aecurte aacl ~hal! contiu~~e to Recure pae~n?rnt of said as~debtednee~ or indehtedneea,
, l~~~k~e~~er evidenetd, whether b}' said pramiaeory note or auy renewal mr extrn9ion thereof' or eubetitute therefar, ur
otl~er»iee, until all euch indehtedneas Ahall ha~•t been €uIl}• ps~id.
1. ~T~I ('i~P>7< <~!P mnrt~a~~ors sell. cn~ti~et~ !i~' !?~;:!:t!~'i~ ~~FP !)l~it(~/!tiP(i ~)?'P~I?1Jf.i (ltlt't17J~r tI1C It~C Il~ ~~1i5 771111~1~lI}c'.
:Ire~t fhic ntort~a~e ;fra11. nt tiie uLttr}n of the :lfort~a;rr-~~ hrreir, l,e~nrr~t~ !rrtrr.rdrrt!esl; ~~trr. rtr,~l j,a}'able•,+"or thr (>~11 su~r u;
tlt~• hr~nri~ir~l balanre r~»d i~atere.st then due. ~
8. The 1ern~s "~lottgagor" and "IO'iortgaXee" whene~•er nsetl in thia inetrument slsali inclui3e the heirs, peraonal
reprrw~ntaeivee, su~ce~ors ar~d a~iKne nf tF~e respectir•e ~+artiea hereio. Wherever ueed the ein~u3ar n~im}rcr ~hall incla~3c
t6e plural and the plurat tke ain~ilar, and the t~RC of any ~r_n~er ~hali include all ~endera.
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Siqned, aealed and delivered ia tl~e preaenc~ of: ).y?~-~!`'~--!..t'/
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[ ~,4:C c~. , ~~7• ~.L-C z-..-f,..- ~ ~ C. C ~ /~-1- cI.-~'`--~ . . . (J£AL)
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~ STATE OF FLORiDA
~ COUNTY t~F. aAILE
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~ Before tt~ ~ _r!~aally appeared . . . . ~ . . : " ~ : : ~ . ' . _ ; . _ : , . . . . . ~ . . , . : . : ,
~ ' to me well ~Cnown and known to me to be the indivAdua~a c~!~ribed i~i and whu executed the i'ore~~s;ng inetrume~t, sn~d
~ acknowled~ed b+zfore me that they Gxecuted the eame i'oc the purp+~es therein exp . ~'i'TiYESS tny h~~td asd
€ ol~icial eea! in tl.a County aad StRte Iset aforesaid this - , ;;1 j.
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Notary Pubtic, State oi Florida at LB~Se ` • • • , ~
My Commiss~on Expires June 30. 1' Z _ . . _ . . t.... .
` i0'I~~ (;Rmnejtesfon E~n ~~~rte~t~s~~`iN .
E, . Pt~. Notary Public, Siate oi - .
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~>'~3 JLf~! q~M i: 4 6
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. - ~ ~i0~~~t ~~~7R,~~, C~~RK
. . 3~, i~U~l~ ~~~1NTY, '~~~K~~~ '•r~ .
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