HomeMy WebLinkAbout1986 Moctppr. Ia erewt tareelo~w~e of tbu roortpre K e1~er tr~(er ~I titla te tbe n~rtp~ed pr~perir in eatin~re~hme~t o( the iadebP
edueY ~eenred kereby~ all ri~t~ tidc aad iaterat ~f tbe Mo~t~o~ iu ud tu ~n~ i~u~nee peliciw thew in force thall paw to tbe
P~ee~uw~ .r ~e.
(L) 1'~ perfar~~ c~ply witL ~erd .blde br aa~b ud every the ~tipdad~ ~~een~erts~ c~aditi~n~ aad covensaa in uid promi~aorT
n~te ~nd ir t6I~ deed ~et t~rth.
(i> T'6~t J ~a~? wd ~~uno ~f m~sey 6erein rcferr~ed ta be nat pr~ay+tlr aad tnil~ pair widuw - tlfteen dan ~ut
a(ter the a~e ~everallT beea~ dne and p~~rble. ~r it aae.h ard every t6a ~tipalrti~wr. akeeuMenta, coaditioes md covenaau o! wid
ptwii~ Mte a~d tld~ desd, or eitbtt, are net fdlr periw~wed, eon.pliea witb and +ibidsd by~ tbe ~aid R[~repu ~um me.ntio~d in
wid phmis~ory M!e ~rll beeon~e doe aed p~rable (wt6~vit~ w thereafter at the option ~f the Mort~~ee a~ tdl~ and eompletelr e~
if tbe s~id a~e wte aua of ~aid pr~aiwor~ sote wa~ oripwlly ~tipulned t~ be p~id o~ ~uc6 day, anri6irE in ~aid pc+wia~q ~
~r 6ee~eta t~ tre eNtr~rr net~reth~tmdin`.
( j) T'b~t in o~ ts ~eeeletite d~e m~tnritr i( t6e iadebtedwer 6arcb~ ~ecured, beea~ue ot the Failure of tbe M~rtiri~ ~a P~l ~7
t~x, aaa~aenent, tiabiliq. ~ilipti~ or encru~btani~e upor ~aid propercr. y i~ereia proviJe~ it ~6a11 aot be ~eceMan K requuite t6at
thc u~ortsasce saall 6rst p~~ t6e same.
2. Tht Mart~a~ may, at his aptiwr, and wit6o~tt waivin lus right to accclerate the iadebtedne~r hereby
secured and to foreclo~e the same, pay eitLer before or after de~inqueney anY oc xll of those certain abli6atione
r~~ired by t6e terms hereof to be paid by the Mort~a~or Eor the protectioa of the mortgage eecuritp ar for tbe collce-
tion a[ the indebted.nen hereby secured. All sunne w a vanced or paid by the Mortgagce ehall be char~ed i.ato the
mortgage account aad become an integrsl p~rt thereof, eubject in ~l1 reapects to the ternis, conditiotu, and covenabts
of the aforesaid promiesory note, snd this raoR~~e, as fnlly and to t6e r~me ectenY as thou~h a part oE the original
indebtedness evidenccd by eaid note aud sc~a~red bv this mortga~e, exceptiag ~?uwe~~er, that ~id eume shall be rtpaid
the INortaa6ee fosthwith upon ite denis?nd ~nd bc in addition to the regulAr naonthly inswllmente prnvided by the
martg~ge note.
3. That tlie abt?tract or abetracte of title coverina tl~e mortgaged propert~ ~liall at •all timee, during the life of
t6ie ~nottg~ge, remain in powd~sion o[ the Mortaagee tnd in event ot the foreclaeure o[ i~tie mortga~t or othcr txanefer
of title to thc n~ort~aged property iu e~tinguiehme~t af tLe 5ndtbtedneas eecurtd hereby, all right, title and intereet
of the tl~ort6agor in and to aay euch abatrac4 of title shall paes to the pncchaser or grantee.
4. 'I'o the extwt of the indebtcdness o# the Mortgagor to the Mart~sgce deecribed herein or eecurcd hereby,
tha 1liortga~~x is hereb) wibrogated to the lita or liens and to the rights of the o~tnere Ynd holdere thereof ot each
and every mortgage, liea or other incumbraace oa tbe land dtscribed herein whicl? ie paid and/or eatie6ed, in whalc
or in p:rt, out of the prc~ceeds of t6e loan d~cseribed herein or secured hereby. a~nd the respective liens of anid mart-
~sges, liens or other iacumbrances, ehall be and the same u?d each o[ the~n hereb}- ie ~?reserved xnd ehall paae to and
be held b3 the Mortaa6ee hcrein aa eecurity for tl~e iddebtedne~+ to the 111ortga~ee hereia dc$cribcd or hereby secured,
to t~~e same extent that it M~ould have been preser~-cd and would have been paseed to and }scen held by the Mnrtgagee
had it been duly and re6ularly aeei~ued, transfert~ed, ett over, and ~lelivered wito t{~e Mortgaqee by eeparaee deed of
aexx~i~i~nent, notwithsuading tbe fact that the eame may be aatisfied and caneelled of record, it beiug the intention of the
partiea liereto thst the same will be datiafied and caencelled of record by- tht holdera thereo{ at or about the time of
tht rrcording of thie mort6a6e.
S. In the eveat the ownership of the mart6aged pre+niaes, or any~ part tl~ereof, becomes veated in a person othtr
than ihe Martgagor, the '_1lortga~ee may, writhout notice to the Mortga~or, deal with ~ such aueces~or or aucceaeors in
iutereat K•ith re[ertnce to thia deed and the dtbt hereby eccurtd, in tl~~ oame mann+cr as with the Mortgagor without
iu aut war ~-itiating or diecharging the ?V[ortga~or'~ liability~ htrtunder ae upon eh~ debt hereby ~ecured. No aaTe of
tliP, prcmieex hereb ~ mortg a~ed and no forbearance on the part nf the '_ltortR:igee, and no exieneion oF the time for Lhe
payment of the de~t her+eb'~ r+e~ured given by the Mortga~ ehail operate to releaae, discliar~e, mwlif}', chanbe or affect
the ori~inal liabilit}• of the i'lortaa~or hecein either in ~vhde or in part.
6. The tien of this deed eecuree and ehall continue to eecure p:+cmeo~t of ~said indebtedneea or indebtcdne~e,
l~owe~•er evideneed, whcther bg• said promieaory• natt or any renewal or ezteneion thereof or Aubetitute therefor~ or
ocherwise, until all euch iadei~tedne.es ah~li hav~ been fulh• paid.
In fhe event t/re mm~t~n~ors sel~, cn>ti~e)~ nr trn>ts~e~' firc ~ntrrl~atie~l f~rem.ises durin~ t/re li~e uf tltis nturl~n.~c,
tlren t)tis mort~;v;,e shall, at t/rc u~tion o/ tfre ;~ior-tfin~;f~e hP,ci~~, he•r~>mc rnimcrliate~ll~ dtre «ntl ~n~~aLie jor tl~e firll sinn o~
the f~rincipal Lalance a?td interest the~t due.
8. The terms "~iortgagor" and "Mortga6ee" when~ever ueed in ~thiR iteatrumet~t gl~ai! inclu~le the heire, personal
re~TCef?entati~~ee~ eucoeaeors ~ud a~i~n~ a~ Lhe r~pective parties he~to. Wherever u~ed the ~in~ular m~mF?er Rhal! include
the plura) and the plurRl the si~~ilar, and the use of any~ ge:nder shall includt all ~endtre.
J ;
Si~ned, sealed and delivered iu tl~e preaence o~: ~ ~.~~~-`_l. ~L?'~ __(Ser?[.)
j'~~ ~ ~ , /~,r /
~GZc-u'+ CIC~I.C~,~~-7^t.t.~!~'? . ~It-%c.?~LL.~:~. ..~,/~7Cc CLC:.t CG ~.='~~SEAL~
~~j}' t ` ti _ . . _
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STATE OF ~ LO~IUA ss
~A~~Y
Before me pereonaily- appeaxed ~jQ$N E. Dli(: CASI~T'~T & JEkI~IN~TTE Ii~C CA~LIN ~ his wif e
to me well knawn and know~n to me to be the individuaDe deecribed in and who executed the foregoing inetrumens~ send
~ acknowkdged before me t6at they execuied the eame for the purpoeea therein expreeeed. R'ITNESS my hand and
Qlf'+~cial ~esi in the Cou~ty ~nd St~te laei aforcaaid thie 18th day Of J e,~ 1965 0
~uYli ~ ~ ~
~
Notary c, State ot Florida at Lar e L ~U'~" . " ~
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My Comm~ssion Expires June 30, 1967 ~ ~~.~A ~
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Bcnded BY ~ ~ Sy~t Cp,af~1L~D~~ /
Mr• (;nip~~iReion Ex~eirea~, r r~C. T'( :~iotar}• Pahlic, State af 't"`""
. : . E~0 0_K... , ,
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~ ~ ~ ~ _ ~6~ ,~~f~~ 2 P~1 I : I'# ~ .
` RGG~ :~C~ r? ~RK
, ~
_ : _ ~-r. ~.uci~ cour~-rY, ~o~c~.~ 1~~
' FLORIDA
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