HomeMy WebLinkAbout2153 Muct6a~sr. Ia evest o( torrtlo~ure u( thu niortsa6e ~r nlher tr~wter of title to t~ mertpsed pruperty in catinRaiehn~e~t u( the indebt•
edneoa aeeured i~eteby, rll ri6ht, title rnd iutereu of the ~Iort~or ia ud tw tnr ierursnct policies then ie turc~ ~hsU pu~ ie tbe
purrh~wtr er srtrtse.
(b) To pet(erm~ coapl~ aith a~d ~bide by dc6 wd every tLe dipal~tioea, asreameaq, Maditiorn and coven~nq in raid pro+nis~ry
note and ie t6ia d~eed ~et (srth.
( i) Th~t if r~ a( Mid i~ o( m~wr bcreia ro(oned t~ bc a~t pr~mptl~ a~d fullr p~id withi~ tilte~en dr~rr eezt
a[ter tbr ~uue ~evarally becaruer due md rwYa6le~ or i! are6 awd everr Ii~e atipa~latiaas, a~rcewenta, conditioe~ md covew~u of s~id
~+ru~ni~~ oate sod t6i~ deed, oc eithrr, are n~t (dlr periw~wod, cwupliea witb ~ad ~bided by~ the ~aid •66repte tua meatioa~d in
~ai~f prwuiNVn ~ote ~11 becant d~e and ~~able forthwit6 ~r t6enea(ter :~t t6e optia~ d t6e ,\7ortRa`ee u fnUr and cempletely ~
it the said •~repte su~u ot sud promiw?ry note ~v~s uri6iodlr ~tipulucd t~ !~e wid oa ~a~6 day, an~thio6 ia wid pe~iwse7 wte
or hertiW te tbe eo~tnry notwitk~tandina.
IJ )~at im order t~ aeeelenie t~e a~wtnritr e( tl~e iadab~edwe.. herebr ~ecured, bera~ue uf the failure ot tbe M~st6ap~ to p~r ao)
tux, aNew:neat, liability~ oblisstiM er taewnb~re upoa wid prepeny, p l~trtin prnrideri, it rhafl not be ncctss~ry~ ~t requiuits that
ti~~ ~~~or~sa6et .hall 6rse par ~x ~arne.
2. Tt~e Mortaaaee may, at his optioa, and withaat w~ivin6 liia ri6ht to acceicrate the indebtednes~ 6ereby
securexi and to foreclae the aame, pay either befoet or after delinyuen~y aay or aIl of thoee certain obliaatione
requirad ~by the terns~ hereof to be paid by the Mt?rt~aaoc for Lhe protection of the mortg~ge security or for the eoll~c-
tion of thc iadebtedness hereby securtd. All awmr iw advanc~d or paid by the Mortg~gex ehall be charged into thc
mortgage account and become an integral part thereof', ~~bject in •rll reapecte to the terme, conditions, and covenants
of ihe afortssid promissury note, and thia mortaa~e, as fnliy and to tht satne e~tent as though a part ol' t4ie ori~r,inal
i~?debtednese e~-ide~ced by eaid note and eecnred by thie m~ortgage, excepting huwer~r, that said eume~ ehall be repwid
t}ie Mortgsgee forthwith upon its demand and be in addiYio~ to the reaular motathly in9tallmente provided by tht
~nurtgage note.
3. That tLe abr~tract or abdtracU of titlt coverin6 the mori.gagtd propert~ sLall at all timea, during the life af
thie wnartgaae, remain im passewioa o[ the Mortaagee amd in event of the forecloeure of thie mortga~e or other tran6fer
of title to the mortgaged property iu extinguishment of tbt indebiettnea9 eecured hereby, all right, title aad intcrcet
of the bTortgagor in and to any e~.ch abstrarta of tidt ehall pas9 to the pnrchaaer or grantee.
4. T'o the extent of the indebtedncae of tlie Mart~agor to the Mort6a6ct deecribed herein or $ecured hereby,
t~.r. ~ivrtgagee ie hereby subao~ated io tl~e liea or liens and to the righte of tlie o~~nere and t?oldere thercof of each
and every mortgyge, lien or other ancumbttiwce un the land de.wcribed herein ~-hich ie paid and/ar aatieSed, iu w6ole
or in part, aut of the pmceeds af the loan des~cribed hcrtin or eecue~ed hereby, aad t}xe rear?ectivt lien~ af anid mart-
ga~ea, liena or ather ineumbrances, ehali be and tbe saine ~nd each of thern htreb~~ ia preaerved and eha11 paea to and
!x held b~• ihe Mortgagte herein aa eeturity for the indebtedneaa to the Rlottga~ee hereia described or hereby ee~urcd,
eo tLe same eztent that it ~.-ould have }~ten preaerved snd would ha~•e been paeeed t~ and bcen htld by the Mortga~te
had it been duly and regularly uei~ued, tranaferred, att over, aizd deli~~er~d tu~to :lie Mort~agee b~~ ~parate deed o[
esai~iment, notwithetandin6 the fact that the same ~na} be aatiefied and cancelled of record, it beiu~ the intention of the
1?~rtiea ltereto that tbe eame will 1ae saitis~itd and cancelled of record bj the holdera thereof at or aboui the time af
the recordin~ of iltis mortaa~e.
5. Ln the event tht awnerehip c+f the mortgap,ed premises. or a~~?ari d~ereoF, becan~es vested in a pereon othcr
than tiie Mortgagor, tht iiortg~gee may, without noiice to the N~art~agor~ desl with euch Aucceseor or AUCCCMOC6 in
intere~t with refercncr to thie deed aad tFue debt hereb9 eecured, in the yame manner aR Mith the Mort~agor withoat
i~a anti- war ti-itiatin~ or dischar~ing the '4lortga6or's liabilit}• hereundcr or upoa tht debt hereby eecured. No gak of
the prCmisex ~~ereb y~ niort a~rd an~i no forbearance on the part t?f the !~iort~agee, and no extenaion of the time for the
payrnent oF the debt hen~~- ~~~~d ~i~en by th~ Mori6a~ee shall operate to relea»e, diacl~arge, maliCy, chan~;e ar affect
tl~e original iiabiiit}' of the Mortga~qor hertin eather in r6de or in part.
Fi. Thc lien c~f thie deed eecurea and ahall cwntinue tu eecure pav-ment of eaid indebtednea~ or indebtcdneaa,
l~oweser +~vid~mced, whtther b} eaid ptomise+ury nate ar any renewal or exteneion thereof or eubetitutt eherefor~ or
otiierwise, until all euch indtbtedne~ aha11 htve been fut!}• paid.
I~t the Pt~cnl tlie ~ttnrt~ngors s~!!, conz~ey m~ trarlsfer tlie mnrf~a~ed ~remises ~Itn~rn{ the life o( tltis »~orl.~n;;e,
the~: this naort~~~e shall. nt tfae option of !he ~jfvrtgagee hereirr, ~~e~orne imntediatel~~ dtee nrid pnya'vle for tj:e fu1! su~~t of
t/re• princi~al balance nr?d i~itef-est then due.
8. The terme "Mortgaaor" and "Mortga6ee" whenever ueed in this instrurnent el~ali include tht heircy persanal
rei~reseretativea, ~uc~ocseors and aeei~ne of t~he reepective p~riiee hereto. Whecever uecd the ~?ingular number ahall includt
the p3urai aad the plurat the ein~ul~rr, and the uee ~f any p;ender shall inalude all endera.
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Signed, aealed and delivered in the ~rexnce of: . ; _ . _
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STATE OF FLORIDA
COUNTY dF ~
S T . I~~
Before tne peraonalty appeared E. 1F. HOPKINS ~ SR. 821d DOROTHY ~IARGIS HOPKINS ~ hiy~if e
to ra~ well known x~d known ta me to be the individuaie descrabtd in and wha txccutcd the for~cgoing ineirumeu#~ and
1 ' acknowltdged before me thst the}~ executed the same for the purpoeee therein e:pree~ed. ~/ITNESS ra~ hand and
i i olCcial se~l in tl.z Countp and State last mfores~?id this 18-~h day Of J ~ 96~j, .
,::~~u,;,,
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Notary Public, StatF of Ftorida at Lsrae 1~<. ~
My Commission Expires ~une 30, 1967. '
8ond~d By AmKiCan Suroty Go. Of tl.1f. - • .
Mv +[:om~eion Ez irca~l L4 -R- p€Q......_ Notary Fnbli State of ~
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