HomeMy WebLinkAbout2951 M~rtppr. IN +rva~t at t~~a~ecl+arrc o( t6iu me~tp~e ~ ~ther trwler rL litle t~ tl~e w~ctNied pr~pertr in exlin~ni~6meat af lbe iwdebt•
edsaN ~searea tiereb~~ all ri~ht, tiUe ~wd iote~t t6e Mcrrtp~K iw aed to rrr iranoce p~lieia thes iN (srce ~iurll p~w to tbe
~f K ~/YbO.
T~ tart~e~ c~p17 with ard ~ide by e~eb ud e~e7 tLe ~tiiptd~tl~„ ap~eeareot~, c~aditi~n~ wd c~veoanq is raid prwiaiaMn
d+ic aa~ iw d~ ieed ret t~rth.
(1) T~t i( ry ~i rid ~~u et w~aor 6erels refarred t~ be osc pc~a~pti aed (rllr ~ai~ wit6iw lifteen dr7r~ oe~t
Jter the ~re ~evarr~ll~ bee~a dae sed ps~~ble, ~r i( eaeL ard ever~ ~ ssipat~tiw~a„ apeemcAts, caaditiear aed esvenaats ~t wid
p+rr~i~wty ~e a~d tYd desd. or eitl~~ ue wt fdlr performed, coruNli~d wit6 a~d abided br, tLe wJ ~Kropte ~um meationed ie
t~~
~p~+
i~ r~ee ~1~11 becase dwe sad ps~bk (orth~rith K therr.a[ter st tbe optioa ef tae Monaa~oe u tnllr aod eNOpietely r~
pros wn ~t ~aid pr~eaiwory rste aa~ srip~ilr ~tipWated a be psid e~ ~rc6 d~~, ~o7rt~irr L wid p~~iwr~ a«e
or 6ereia N the ewtnrr wNwith~t~dia=.
( j) That ia order tr atcalee~te t6e m~taritr rf tbe indebtt~eMr Lerebr ~ecured„ trecaure rt the (ailure ef tLe Nl+rti'~f~' r+ W7 ~1
tuc~ iwe~?wnewt, iiabilitr, sWipti.r er enc.~brance ups¦ arid proper~r. a~ 6erein provided, it ~hail not be neee~sarr K requisite ttut
the ruortsa6ec ~dl first pq the wne.
2. Tbe Mortaaaec mar, at 'hb aptioo, and without wai~~ his right to aocelerate the indebtedneW hercby
secured snd to forecla~c t6e rame, par eittrar beiarc or af'tar dcliuyueacy ~ny or all o[ tho~e ccrtain obliaations
rcquired by tbe term~ Lereof to be paid by the Murt~t or for the protection of tl~ mortgage security or for tLe collec-
tion of the indebt~dner hereby secured. All suma w a~vanced or paid by the Mort~pgs:e ehrll be charged into the
mortgage account and becomc an inte~l pxrt thcreof, sabject in ~11 rtspects ta the terme, conditiona, s~nd caveaant~
of t6e aforesaid pcomiewry aote, and tlus mortaa~s, as Eally ~nd to t6e samc ~rtent ae though a patt ot the ori6in~1
indebtedn~ e~zdenced by said note aad accurcd by this mortga~e, excepting however, that said suma ahall be repaid
the lbiort~a~ [arthwith upon ite deniand and be in additioti to the regular mos~thly in~tallmente provided by the
~nortg+~~e nabe.
3. That the abeteact or abatrac4 0[ title ooverin~ tlye mortgaged property sLall at ull timea, durin the lift o[
thia mortga e~ remain in poMe~ian oE the Morta~gee ~nd in event of the foreelaeure of thie mortgaae or o~r tranefer
oE tide to t~ martgaged property iu extinguiehincnt of the indebtednees eecue~cd hereby, all right, titte and intcroet
af tbe Mott6a~or in and ta a~y suth abstracta oE tide shall pa~9 to the pnrchaeer or 6rantee.
4. To ihe e~cteat of t6e indebteduess dE t6e Mort~yagnr to the Mortgaaee deecribed 6erein or aecured hereby,
the Aiart~'~ec is h+ereby rubro~ated ta the lien or lien~ aad to tht ri~hts of tlie o~.mra xad holdere thtreof of each
and every mort~age, liea or other incumbraace on the laad dexribed herein which ie paid and/or astie6ed, i~ wbolt
or in part, out of the proceeds of the loan deacribed herein or secured hertby, aud the rcapective liens of said mort-
ga6de, lien~ or other incumbrance~, alull be and tbe same and each of the~n hereby i~ E~reserved and el~all paei to and
be held by t6e Mort~a~ee hertin u security for tbs indebtedeeeR to the 11'Iortgagee herein described or hereby eecared,
to the aame extent that it r~ould have been preserved and would have i?ten paseed to aad been hcid by the Mortga~ee
had it been duly and reaularly aesi~ed, transferred, set over, aud delir-ered m~to the Morigxgee b}' seE~arate dced of
ax~ig~untr?t, notwith~tanding tbe fact that the rame may be satie6ed and canceiled of record, it being the inteniion of the
~?artiee htrtto that t6e samt will bc w?tia&ed and caocxlled of record b}- tht holdere thereof at or abouf the time of
the rrcordin~ of t1w mort6a6c.
5. In the event the ownership of thc mortgaged pr~mi+ea, or an}' part tliereof, 1?ecomea ve.sted in a persoa other
than the Mortga~r, the '.Ylort6a~ee may, withottt notice to Yhe Mortgagor, deal with duch euccesaor or aucceseors in
intere»t w-ith refereace to thie deed aaa~ t6e debt hertbr eetured, in tl~e aame manner aa ~vith the Mortgagor without
in at~y way vitiating or dischar~,ing the Mortga6or. liabilit3• herennder or uprx~ the debt hereby aecured. No eale of
die prernieea hcreby most a6rd :nd no forbearance on the psrt e?f tht 1+[ort~agee, ~nd no exteneion of the time Cor the
paymant of the debt here~'- secured given by the Mort~agee ahall optrate to releaee. di+cl~ar~t, modify, chan6e or alfect
the original liabilitJ• of the Mort~a~or herein tither in w~bde or in part.
6. The lien of thie deed secur~e sad shalt contint~e to secure pa~•ment of said indebtedneea or indebtedneee~,
l:owe~•er evidenced, w~ether by said pramiseory aote or any renewal or exteneio~ thereof or eubstitute th~rr.fop, or ~
otherwise, until all such inde~tednc~s ahall have been fully pAid.
7. In the ez~e>:t the mort~n~ors sell, rortz~ey or trnrtsfer 11re ?nortga~ed premises dtn~~n~ tlie life of t/:is ~izoz~,u;,~e,
tltPn this mortgo~e shall, nt tlie optio~: of the ~liort~;n~;ee arerein, bernme immcdialel~• d~ee ciiid ~~n}'aLle for the f:rtl sur~t o/
tFir pr~incipal b~i~an~e ai:d interest then due.
8. The terme "Mort~aaor" and "Mortgagae" whenever ueed in this ioetrument al~all include the heira, personal
repreaentativea, aucoeseors and aeei~ne c~f the respective pxrtieR hereto. wherever ueed the eiagular nurreber shall include
the plural and the plural the eingular, and the unir, of any gender a~ta include all t ere.
.
Si~ned, eeaied and delivered in the peeeence of: _ '`''~-r` (S~?r.)
_
~ ~ 77~~~~~~LL < t ~ Y + f j
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STAT~ OF FLORIUA
LOUYTY 01~~~CI gg'
BtPore me p~raott;l~y a~?E?tat'ed IRVIN VITI~:.MGRE ar.d LU"ILI~ t.'ULG'~;`".OFiE, his wi.fe,
to mc wel~ kmown ~nd known to mc to be the individuals described in and who ezecuted the fore~oin~ inetrument, and
~ acknowltdged beioce me that they extcuted the aamr +for the purpoeee therein txprce~eed. 1~'ITN~5S my 4~and az~d
odecial ewl in the County and State laet afortaxid thi~ nd day nf July ~ 19~5.
Natary public, 5tate af Fiorida at Larqe ~
MY Commiss~on Expires June 30, 1907 _ . . ~
~~L
t3onded Sy Amencan Su:ety Co. of N. r ~U .
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?41ti- i:ommiesis?a Expir+ee~~~ ~q ?`ot~ry Pub~ec, 5tate r~f' ~
, ~ '"1 ECael_ ~ECO. _ _ . : , .
. ~ - - ~3QOY, ,
' r - rc*c- ~ t c~'L~ ' - ' ~ ? ~
~ ' _ '65 JUL I 9 PM !Z : OS .
~ • . ~ " . ` j ' ;i. , r
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; . ; - . ROG~r1 rr~f:,~. GLEaK Boo~~2~ ~`x~ ~ ,
, 5T. LUCIE C9UNTY, .
' , ` FLORIDA