HomeMy WebLinkAbout2964 M~etp~. L ew~t ~f t~rreelN~re of t6i~ mrrtp~e ~r ~rt6er tt~r~fer titte t~ dre ~~rti~~ P~'+~7 iw e:tia~i~6ment o( tbe iwdeM•
e~ews weored Mre`~, r!1 rl~6t, tide ~nd ioteroot the Nori~K iw awd t~ ~r ir~wec~ p+6cie~ tbew i~ (orce ~hal! pa~ t~ t6e
Nue~wr ~ irrMe•
l`) Ts Po+'~~. ~P~7 witl~ aed ~Lide br e~el~ ud w~erp tlie ~tpYlsti~ aReese~ts~ e~aditi~ wrd e~venaab i¦ wid promi~n
erte u~d iw ti?ir ied ~et trrti.
(I) 17rt it aa~ ~ wia s~ m~oeT ~erela reterred t~ be a~t pr~aptly a~ fdlr pii wit`L ritteen d~ reYt
Jter tLe ww Mwnr1lr beeaee~ dse +~sd p~rble, ~r if e~cb ard eve td ~
pc.++iwrr ro~e wd tld~ de~d, K eitl?er ~e~e w~t td! ~ w~~
~t
~O6b ~~d~~ 'ra esve~ab ~i s.ld
. r F~~~, ~ proade .om meeuooed i.
yid pnmiwrr Mto iLall bee~a~e d~ a+~d p~rablt ~ost6witb K tF~aro~ttw~ u tht qptioe ~i t6e Mondrree ~s t•Qr aad c~rnplatelr M
it ibe sai~i a~epts wn of s~id pr~iwoc~ aote aa~ aripuallr stipul~ted t~ be p~id M~wcli day. mrt6i~s ia ~aid pwrrdwry a~te
or henia t~ tie e~wtrv~ Mt~ritla~tasdin~.
( j) Tbat ia wicr t~ ~ec~eJerne d~e m~turity ~t the indebtd~resr bereby ~ecured, besawe of the (silrrt et tLs Y~rti~i+~ Y+7 ~T
tuc~ arewneat, liabi4ty. ~bliptiM K EMOY~b(iOIY up.¦ .•id rropen~. w 6ereia provided, it ~sl1 uot be aeeasaq K requi~ite that
the u~ocisasee dul! 6rst pa~ the wne.
2. T6e Mort~asec ma~, at his option, aad without wi?iviu lais ri~ht to accelerate the indebeedneM 6ereby •
eecured and ta fareclo~e tLe same, pay eit6er beFort or aftcr de~qucucy~ ~ry or all of thode certain obli~ation~
reqnired by the tarn» hereof to be paid by the Mortaa or for the protectioa of the mortaage security ~r for t6e ooUec-
tion o( the indebtednew 6emby secured. Ail sum~? so a~vanced ar paid by the Mo~tgague shall be charged iato the
mortpge :ccauat and become aa inte~nl pxrt thereof, eubject in xll respects to t6e tera~a, conditions, aad covenants
oF tbe aforesaid proe~issory note, aad tlw raort~a~e, as inlly and to tbe same ~~tent ax thouah a pprt of the ori~inal
indebtedner e~-idtneed by eaid note and securtd by this mortgaae, exceptina however, that said aume shall be repaid
the blort~a6ee forthwith upon its den~swd and be in addiaon to the regulsr n~onthly inatallmenta provided by the
mort~+rg+e note.
3. That tlue ab~tract or abstracts of tide coverin6 tbe morigaged property- sl?all at all times, dutina tl~e lite of
this mortga e, rEmain in go~sa~sion of the Mort~agee and in event of the forecloeure of tteiis rnortgxae or other tranefer
af title to t~ neongag~ed prapcrty iu txtinguishment ai the indebtedn~e~ securtd hereby, a11 ri~ht, title aad inteceat
of the biort~a~or in snd ta any s~.ch abrtracto of tide sh~ll pase to tht p~~tchaeer or grantce.
4. 'I'o the exteat of t6e indebtednew of t6e Mo~or to the Mort~aaee described herein or secured Lereby,
tlie Mortgs~~ u~ereby wbrogated to the lien or lien~ and to the ri~hts ot' thc o~~nera and holders thereof of each
and tvery mort~age, lie~ or oih~r iaceimbran~ce on the la~ deacribed hcrein which ie paid and/or eatie6ed, in w6ole
or in part, out of the proceeds of t6e loan described herein or aecurcd hereby, s~nd tlie reapectivt liene of said mort-
gagea, liens ar other incumbrano~, slull be aa~d t6e eaax snd each of them hereby~ ie ~~reserved and ehall paee to and
be htld by thc Mort6a~ee hercin ae aecueity for t}~e ittdebtedneeR to the I1lnrtgaget hetein deacribed or hereby secure~,
Eo the same extcnt that it Mould havt }~een pt~eeerved and would have ~en passed to anc~ bcen held by the Mortaa6ee
had it been duly and regularly assi~ed, transferred, set over, a~id deli~~ered iuito tiie Mortgage~ by separate deed of
:u~igxu~tent, notwithatanding t6e fact t4~at tl~e eame may be aatieficd and cancellr_rl of rccord, it beiug the intentiou of the
}»rties lureto that tbe same will be eatiafied and cancelkd of record by the holdere thereof at os xbout the time o[
the rrcotdin6 of ihis mottaage.
S, In Yhe eveat the ownerehip of the mortgaged prtmisee, or an}' p~rt diereof, becomea vested in a person other
than t}ie Mortgagor, the '_Vlortgagee msy~ without notice to ihe Mortgagor, dcal with euch Buccesaor or succteeors in
intereat K14~1 rr.fereace to thie deed and the debt hereby secured, in tl~~ same manner aa N•ith the Mortgagor without
in au~ war vitiatin~ or discharging the Mortgagor'a liability~ herrcunder or upan the dcbt hereby eccured. No eale of
tl~e prenti~ex lzertb}• n.art a~ed and ao furl~ar~nce on the part of the !~'fort~aqee, and no extension of the time [or the
payme~wt of t}+e debt here~J• secured given by the Mortgagee shall operate to re]es~st, di~charge, m«iify, change or aEfect
the ori~ina! liability of the ~i~Sart~a~or }~eeein eitiaer in wrhde or in part.
6. 'T1ie lien of thie dced atcurea and shall continue to stcure payment of Raid indebtedneaa or indebtcdne$e,
1?owecer evideneed, whethtr by said protniasocy note or any eentwal or exteneion t}iereof or eubetitute therefot, or
oti~erwise, until all euch indebtedntes shall have been full}• paid.
7. In the er~ent the rnnrt~n{~ors sell, cm:vey nr transJer the rr:nrt~*n;ed ~irPmises durin~ tlre life uf t/iis nturl~a.~~e,
1ItPri th:s mort~n~e shall. at the option of the Alortgagee herein, be~nmc rmmeciralel~~ dtrc rvtct ~ia~~nble for the firll sum of
ilre ~irincip~tl bnlancP and interest tlien due.
8. The terme "Mortga~or" and "Mort~aar.e" whenever taecd in thie iustrument Rhell include the heire, personal
re~?teaentativee, auceesaors and seei~e of the reapective partiee hereto. Wherever u~ecl the eingular numf~er eE~all include
Yh~ plur~l and ihe plural the sin~ular, and the uee of srny gender ahall include all ge~sdcre.
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STATE OF FLORIDA
t:OUNTY OEa~ ~s
S 1 • L~,TCI
Before mne pereonally appeared WILLIE ~1u;~~ s3,?'!d ~7L'l-.'.:i~i'~ ~.•"_Xi:~~~ n~ ~;;~_fe,
to me weil known and known to me to be the iadividuale deecribed and who ex~;c::t~d the foregoinE; inetrument, and
~ acknowledgcd befare me that they executed the ~ame !or the purpos~e thercin ex~?r,eeeed. ~G'ITNES'~ my hand and
adI'icial seal ?n tbs County and ~tat~ laat ~f~resaid thia Q±?-~ ~i~v n* Ju1~ a°~j.
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5T. ~~~OR DA BOO~S~~2 561