HomeMy WebLinkAbout1974 M~rtpNr. Ia erwt ~t t~reel~r~e at tbL m~rtp~c K~th~ ttwtar ~f title t~ d~e a~tli~~ P~P~r ia txtio~i~6ment d lbe irdebl-
edoe~ wewrei Mrebr~ dl ri~6t~ titk ud iotcte~t ~f t6e MKt~or u a~d to ~rr iwr~wee p~litie~ the~ in f~ree aball pw t• tbe
P~reLN~r +r ief~Me-
lr) T~ tat~. a'~wl~1 ~+iR1~ sw~ dide br e~cL aid ever7 t6e ~ip~4w+r. ~~e~a. ew~iti~os +rad c~vea~wb iw wid prPmiwr7
e+te aad i~ rii~ iMi ~et (~rtFL
( i) TLt if w~ d a~:a wrr d~a~~ Lerei~ reterre~ a be Mt prw~ptl ard twp~ ;~i ~vitW IItteen d~r ~rst
dtet t6e sa~w~ Nranllr ber~wM dre a~d pr~We, K~ ewe` ud evee7r ~~ti~la~iw. ~inem~t~. ceaditiw a~d c~vearrb rf Mid
w~uw~f a~ee a~i t~fr ds~. K eit4r. are ~t idl PeetK'~oed. ~wn~li~i ait? ~sd nWded b~, tie ~aid a~irePte •~w meatiwed in
srid pnwriwer M1s ~i~ll bee~w~e d~ aed N~~ble ~wthr?itb rr thee~dter at the vptis~ ~i t`e Mort~psee r f411~ wd c~wpletely ~
it t6e ~ri~ ~~p~pte wr ~t ~aid ~eo~i~ey .Nte ~v~ «ripwq~ ~tipulat~d t+ be v~id ~r weL ds~. aa~thiw~ Is ~rid praiw~ ~e
or i~eeeiw t~ t~e eMtnrr s~twitbrt~nndin~,
(i) 1'!ut iw ~rier ~tcelerste dre m~writy ~f tbe iadeLteirew Yec~b~ ~ecared. beca~ue o( t6e tailrre o( ~e Sl~rti~sK ~e P~7 ~7'
tax. ~uaat, IL4iL'ry. ~ili~tiw ~r escw~wbnnre upw ~aid ~epert7. M 6erais pKOVided, it i6all not bc necawary K requi~i~e t6~t
tl~e n~~rt~sme al~all fint p~r ibe ~ame.
2. Tt~e Mart~t~ee may, at l~s aptiay and wit6ont wxi Ws ri,6ht to acaeleratc the indebtcdna~ hertby
h
dccured and to foreclo~e t6e s~ae, par either beFore or aftc~r ~de~'aquenc~~ any ar all of thoee certain abliaationa
reqaired by the terms l~~eot to be paid by ~e Mort~tior for t6e protectian of the mortgage eecurity or for t6e ooUcr
tion o[ tLe indebtr,dners Lerebr ~ccurod. A,il suma w advanoed or paid by the Mort~gde shall be ch~rgcd iato the
rnortasae account and beoo~ne an intearal part tbereof. subject iu ~11 reepecta tu the tern~e, coaditions, and coveaants
of t6e afoe+esaid promisenry note, aad thir mortga~e, as fnUr and to the saaie ~rtent aa thouah a part of the ori~inal
indebtedney e~~denced by said note aad aec~~red by thia mort6ase, exceptin6 huwever, that said sume ehall be repaid
tht Mart~a~e;e fortltwith upon ib dewand and be in addition to the reaular monthly installmente prorided by t6t
~nort6~ge note.
3. That the abatract or abstrscta of title oovetin~ t6e mortgag~ed property sliall at all timee, durina the life af
thie ~nortga~ remain in pwsersioa of t6e Mortaaaee and in event af the fareclosure af thie mort$a~c or otber tranefer
of titie to thc mort~ag~ed property iu extinauirhment of tl~ iadebtedneas eccured hereby, all right, title and intereat
of tbe !~iort~a~or in and to sny wc6 abrttacta of tide shall paa~ to the punehaser or 6rantee.
4. T'a t}~e exteat aC t6t indebtedneM of t6e Mortaa6or to the Martas~ee described herein or aecuced heceby,
tl~e riottga~ee ia herrby subro~~ted to t6e liea or liens and to tl~c cighte of the o~.nere and holdere thercaf of each
and every morta~~ee, lien or otl~er ineumbrancc un the iand deseribed hereiin which is paid and/or satis6ed, in wbole
or in part, out oi' the prooeeds of the lwa da~cribed bet+eia or aecue~ed heceby, aud tF?e reepective liene of said mart-
ga~ liens or other incumbranoe~,, ehall be and tbe same snd each of thetn hereb~- is I?reeerved and ehsll ps~ss to aad
be held b~• ttte Mort6aaee htrein as security for t6e indebLedneeE+ ta the Aiortgagee htrein deacribed or hereby eecured,
to the sxrae extent that it Nould 6ave been pe~served and would h~~-e been paesed to wd been held by~ the Mortbagoe
had it been duly and regularly asri~ued, tranaferred, eet over, atid delir~ec+ed ui~to t{ie Mort~agee by~ eeµar,~te deed of
axRignment, notwit~standin~ tbe fact that the eamt may be satiefied and cancellcd ~?f rtcord, it bein~ the intention of .he
~?artieB hercto that the same will be eatis6ed aad cancelled of record b} the holdere thereof
at or aboui the time of
the recocdin~ of thi~ mort~a~t.
5. In the event t}rc owaenhip of the mortgagtd premixe, or arej• part diereof, becomes veated in a person other
than t}ie Mortga~r, the '_linrtaagee may, without notice W the Mortgagor, deal with euch eucceaeor or succe~ecra in
iu4eres~t w-ith rtference to thi~+ deed and the debt hereby secured, in tl~~ sTme manner an with the Mortgagor without
in ~n~ way ~~tiatina or dischar~ing the Mortga~or's tiability- hereunder or upon the debt hereby aecured. No eale of
tl~e E~ren~ieeA }tereb)• niori agrd and no forbearance on the part of' the "~'[ortgaqee, and no extenaion oF the time [or the
payment of t4~e debt herc~~• sec~~re~ g;ven by the Mort~yaaee ahal! operate ta releasr, discharge, modify, chan~e or alfect
thc oriRinal liability of tht Mort~a~or herein either in wr6de ur id psrt.
6. The lien of thie dced secures and ahall contiaue to etcure pa~~m~nt of aaid indebtednees or indebtedneae,
hc~wevtr evidenetd, whether by said promiaeory note or siny renewal or cxteneion therewf or eubetitu:e therefor, nr
oti?erwiae, uniil all such indebtedneas ahali have been [ulh- paid.
7• In ti:e event the mortgngors sell, com~ey or transfe?- the mn:tgnged ~iremises durin~ the lije of this mort;u~e,
then this mortgn~e shall, nt ti:e option of the Alartgagee lierei~~, l~ernrne ~>nmed~ntely riuc nnil payable fo>• the fi~l! sum o/
tf~e princi~al balance and interest then due.
8. The terme "Mortga~or" and "Mortaa6ee" whenever need iu thia instrument ahall include the heira, pereonal
rtprtnent~+tives, 6ucoceeot~ and aseip~e a!' the reepectivt partiea hereto. Wherever ~xd ihe Ein~ulrr numi~e ehall include
the plural aad the piural the ein~ulsr, ~nd the uet af any ~ender ahall include all gendera.
Signed. aealed and dciivered in t6e preaence of: ~
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- ~ _ _ (SEAL~
5T TE OF RIDA
COUNTY OF gs
Be~ore m~e
pes ally appeared C. B. C~BII~lSL87 and LFBA G8I1~5L~, his utit~,
to me well ic~aown d~nown tio me to be the individuale d~crib~ed in and who ~zecuLed the fose6oing inatr~nent, and
~ acknowled~ed befQ mz that they c:ocuted tl~e same for the purpoees therein expresred. ~VITNE35 my hand and
o~icial ~eai in tl.e County and State Iaat aforeeaid thi~ Oth da~ ot ~Qj7~ 5.
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hl'~ Ci;,Y';ii_~.~~i EiFii:~S 1u;~~ 30, lSof .~'`~'~~'i'G
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My Commiesian Expird: Nota Statc of ~
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