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HomeMy WebLinkAbout1231 THIRT~ENT9: That thia indenture and oblieation ahall be xnd remain in full torce ~nd eRect and in no wix b~ impsirad until the •ctual p~?yment to the mortga~ee ot all surnss eecured heraby, and that in crse of a sRla ar tranafer at sny of the mortgaged property or in cax of any agreement extendin~ the time or modifying the terma ot paymeni herein recited or in rase any part or parta of the murtgaged property are releascri from the lien oi th?s mortgage, ' withoat con~ent ot the mortgagor the aaid mortgagor shall not in any such event be relexsed, relievPd vr diuharged from the payment oi any ot the ~ums eecured hereby, but in surh event the mort~sgor ehsll nevertheless continue IiaWe ta pay auch sums sccording to the terma of such eatenaion or madiRcstion sad notv?~thstanding th~ makinY of any auch pa?rtial release or releasea unleas said mort.~agor ba expreasly releaeed and discharged in writing by the murtgagee. FOURT~ENTH: The mortgagee m~q reeort inr the payment of the indebtednese aecured bereby to ita several ss- curities therefor in euch order and mxnner as it may think fit, and may at any time release any policy or policies of lif~ ~ insurance as collsteral security for the payment oi the indebtedness eecured hereby without reQsrd to Lhe censideration for auch retease ancLor may :ccept a new policy or policies of life insurance in place thereof for such amount ur ~?mounts and in such form as it may re~{uire without being accountable for so doin~ to any other lienor, and it is expressly unde~- ~ stood and agraed thwt if any of the~ xaid paliciee oi life ittanrance shall be caneelled or relcaaed and a new policy orp~ licies of life insurance shal! be substituted in place thereof, the mortgagor shall keep such new policy or policiea in full forc~ and effect until the indebtedness securzd hereby is fully paid and gatisficd and in default thereuf the entire indeDtednees aecured hereby ehall, at the option af the mortga~ee, become due and payable forthwith und without notice. FIFTEENTA: Tlus mortgage ahall become dne and payable forthwit6 at tlye option oi the mortge~gee if the mortgagor ahsll convey away aaid premisea or ii the tiLle themto shall becotne veatrd in any other person or peraonr . in ~ny manner whatsoever. SI?CTSENTH: In the event oi the death oi tha insured, the entire indebtednesb secured hereby aball thereupon br come due and payable, and auch sum for which the mortgagee maq be legaliy liable on aaid policy or policies of life in~urance or anp policy or palicies substituted in place thereof, or any poticy or policies held as collateral hereto, or any dividends, dividend aciditions or dividelid eccumulationx in connection with any policy or poli¢ien held as collateral ~ereto~ ahwll be applied to the paqment of the indebtedness aecured hereby; and in cgse a surplus sha11 remain s?fter liquidating said in- debtednes.~, it shall be psid over to whosoever is lawiuUy entitled thereto. SEVENTEEI~iTH: That the giving oi written notice addressed ta the owners of record of the mortgaged property or addreaaed to the aaid owners at their last ~ddress actually furnished ta the mortgagee, or addressed to the ownera at said mort~sged property snd mailed by United Statee ~Iail, ahall ba sufticient notice and demand in any cxse arisin~ under this mortgage which may be required by the prnvieions hereof or by law. EIGHTEENTH: IT I3 FURTAER AGR~;ED, That all parties atgning thie obligation ahall be jointly and ePverelly liable to the mortgagee and that all the cavenanta and agreements of the mortgagor herein contained shall extend to and bind his eaecutora, administrators, heirs and assiQna, and ahall inure *o the benefit of the mortgagee, its succeasors and assigns, and wherever the context hereof so requires tu admits sU references herein to the tnortgagor in one number shall be deemed to extend to and inelude th0 other number whether plural or singular, and the use o~ any gender sht?ll be applicable to sll gendera. Provided, however, that upon the payment of the indebtedness secured herebq and the performance u: all the covenents and condit:ons ccntained 'nerein and in said noie, the said mortgagee will execute and deliver to the mortgagor an instrument sui~'icient in form and subsY,ance to enable the mortgagor to cause this instrument to be satisFe~ or discharged of record. It is agreed, however, that ail recording and other expenses incurred in effecting such satisfaction or discharge shall be borne by mortgsgor. IN ~YIT~IESS R'HEREOF the said mortgagor has hereunto set hishandandscalthe daq and year first abo~e written. Signed, sea and delivered in r. ~ the of : ~ . . . . . A ) .rc,.c.ifrr~.~.,~ I.... . EAL) STA'rE OF .....~'..~A~~~l COUN'rY OF ....ST....~U.C~.X~''i I, a Nota.ry Pubtic, do hereby certify that .......WILL,~1V,~.,E,,,,,7,~,~~~(~~fj...a!n~..BETT.~'.,_JEA1V..... .......ZACHOW,....his wife . . personally known to me to be the iadividusl S...... described in snd who executed the foregoing mortgage deed, this day personally appeared before me and acknowledged betore me that ...t..~~y.._ executed said mortgage @eed for the purposes therein mentioned. And i further certify that the said BE.TTY., JEAN,ZACHQ~V personallp known to me to be the wife of ssid W.~LL~N~..Er....ZA.~'r..~Q~.1 r.smed in said mortgage deed, and one of the mortgagors therein, did this day personally appear before me, and on a private and separate ezamination this day taken and made before me, separately and apart from her said husband„ did acknowledge that she made herself a party to and executed said mortgage deed for all the purgoses in said mortgagre deed mentioned, snd that ahe eaecuted the same freely ~nd volvntarily and ~vithout any compulsicn, constraint, appre- hension or fesr of oi from her said husband. IN WITNESS WHEEtEOF, I have herennto set my hand and s~'ixed my official sexl, in the County of ...St....Lu~ie and state oi ....................F~Qrida........................... tt~is ......../...x........ daJ oi ..................A.u.~u.~.t.....................................,,a. n.~is..~.~.........~r,_.-~~-..~..ll:...~C..l~~. . {.:,r.... ! ~ y~v Notsry Public y ~ . My Commission expires: M~. ~ . " .s-_ i o - ~ ~i,~, t~1'i wli a F~~EII..t.~ty1~...R.E C 0 RD ED P _ r STATE OF . i..-._-~.1,,,~.OK ~ tiMMMAM~~~~r/M : _ _ . _ . v ' ' COUNTY bF ~ ~ ~ ~ ~ - • , : ~ - - I, a Notsry Pnblic, hereby certify tha . . • ~ • . personally known to m e' ~vir]~1 in and who Executed the foregoing mortga~e deed~,this~~a}~ ~ ~ . . persqnnlly appesred befo~e acFno ezecuted the said mortgage deed for the ~puiVoiia tk~rei~ ~e~pt~s~d. ~5 t~ V ~ • p~ , IN•~~1~TI'~1~3$ WHE~~a~r~a~.~Dltld and a~xed my ot~3ciai aeal in the County oi - ~ ~~~iv , ..................wi....la~~t~~U.!~Y.('........................................................... this dsy ~ ..............................F.~:~~~........... . . ~ . , : . : ~ ...N. ; otary Pnbli~ . ~ ~ My Commiasion ezpirea: . f • . - ' . 1: ~ . . d~VA ~ , . .r. _ . _