HomeMy WebLinkAbout0466 b[Mtp~r. Ia ~wrt ~i (wrlw~ce ~i tLi~ a?~rt~r~e ~r w6sr tr~rdar d titls t~ tre o~ts~ied Pr+~ertr in eztin~i~eot ot tbe iwaebt-
eiMr~ Mere~i M~~ab~, d! ti~t. t~de u~ iaterat c6e 11[~xt~r ir a~d t~ a~r i~wrnwa p~l~eier d~er ie tsroe ~hdl pw ts t6e
N~eWw ~r RrMa
(h) 'T~ ~fie~ u~1~ aui s~i a4iie b~ ~ ai eserr t6e ~w4t~w. a~rser~a~, eN~itie.a aad covewMb is wid pr•si~~
nwe a+~ i. tW i~ wt
t;) 2'Wt i( ~y rf Mii iwry ~t ~w~~ `srnir rde~re~ !r be Mt /trr~ a~ frllr ~ wid~i~ t!lt~+en dar ~cst
dter tl~e ~w4s s~wr~ll~ 6ee~w~ dw a~i irraW~„ K ii a~ci a~ei aret7 ~~P~+~. ~~iw, e+editiasr s~ co~ewrn ~f ~aid
pr+r~iwe7 ~a ~ tW Jsei, ~r eit6er~ aere iwt ( peef~e~oa1. eMr~li~i ~ ind aWasi br, tl~e wd ~~p~epte .n.o mcrtiNSd is
Yld P!'~II~f7 ~E Y~ ~~M'1`M~ K l~f~Ei~ibf ~ I~E p
M opiew ri t`e Mert6s~eu a fdl~ aad c~nplntdr ~
it the w!i~f~~ ~r rt ~ri~l pr~i~e~ Nte Mar ~Il~ ~tiNnlatei t~ be peid e~ wcb dap, aqtkiw~ ia ~aid pr~iwrT r~~s
or Lefai~ to W e~ttfr~ Mtwidntawd'ew~.
(i) 'lbat iw or~ar ts ~ca~lee~ee ~Le wa~ritr rf t6e iwde~eeias l~eb~ ~eenrei, beeause YE lI1E I~HYCE et t6e ll
ax. aue~~neM, lia?itit7. ~iliptiw ~r eac~bcawce ap«~ ~rid MM~~7, r 6ere~i~ vr u~6at1 n~t be ~P~ 1~7 ~7
thc ,~~Kt~rse idl 6tst pq tl~e wse. PrO ~ ~~~7 sr [~eq~isite iLat
2 Ttre Mart~a~ee may, at bua optaan, aad witiro~t waiv~a~ liia ri~ht to aoael~rate the indebtednw hereby
eecnred and to foe~ecla~e tbe aaoe, par eit6er before or after delinquency anr or :ll af tho+e oertain obliptiom
reqtiti~ed by the ter~m 6ee+eof to be paid by t6e M~~c for tltie protection of the n~ort~a~e security or tor tbe oolleo-
tion ot tlre indcbtedne~s herebY ~ecurad. AU su+~a ro advancad ar paid by thc ~ort~agec shall be charaed into the
mort~ag~e accawQt and b~eooine ain inteara! part tbereof, sabject in s?li respects to the terms, canditions, aad covet~nta
o( tLe ~iore~aid pnmi~ory note~ Aad t6i+~ nn~ a~ Enlly and to t6e stiaie e.~tent aa thouah a part of the oriainal
indebtedner e~-idra?ted by said note sind sectired y this m~rt6a~, exoeptina however, that said euma shall be repud
the Moet~a~ec forthwrit~ upon ib deiuand wid be ib addition to t6e reRular moatbly iastallmcnts pro~vided by thc
~noctgage note.
3. That the abstrsct or sbstracts of title aoveria~ the mortgag~d Propcrt~ aLall at $Il times, durima the life of
thix inortga~re, romaia in por+reMiaa of t6e Moet~~et and in eveett of the foreclosure a[ thie mortga~e or ot6er ttan~fer
of tide to tbe mort~aged property iu extin~t of tbe indcbtedt~a, secured i~ereby, all ri6ht, title and interest
of t6e Mort6asor in aad ta any ~uch ab~tracb af tide shall pass to the purchsner or arantee- .
4. To i6e e:~Yeet of t6e it~dcbtednr~rs o[ the Mo~or to the Mort~6ce dcscribed hercin or secnred hereby,
the 1liort~~~ee is hereby ~abro6ated to the lien or liens and to the riahts of tht ow-nere and holdcre therenf of each
and every mort~~e, li~m or otber ~ncwabr~n~ on tht lsnd de~cribed herein which iis paid AIId~OC BaLISStt~ l0 MLOIC
or in part, out of the proceeds af t6e loan descriibed l~erein or ~tcured herebr, and dtie e~cepective liene of anid mort-
~a~ee, lieos or othar incumbraria~, shall be aad the asme and each of thcm heseb}~ u prescrved and eh~ll paa~ to and
be held b~ the Mort~a~ee henin a~ security for the indebtednese to the 1liartaagee hertin deecribed or htreby eecured,
to the sa~ne ertent iLat it e~ould have been pxererved and w~ould have l~cen p:rsed to and been held by the Mortaa6ec
had it been duly andre~u larly aMi~ned, trawfecred, eet ov+er, and deli~~ered uuto the Mortgagee by separate deed of
~,9aigument, notwitbdasd'in6 the fact tbat tbe samt ms~ be satis6ed and cantxlled of reeord, it being tFtie intentic?n of the
partiee liento that t6e same will be satiafied ~d canccUed af record by the holden thereof at or about th~ time of
the rrcordina af thir seortsa~e.
5. In the evmt the ownenhip of tht mortaa~ed pr~mi~ee, or xn}' ~art tliereof, becomes vested in a penon other
than tl~e Mortgagur, ttie '_liortaagee mxy, withoat notice to t~e Mort~or, d$al with such aucceaeor or eucoe~ars in
iutereat v,~ith refeerenoe to this deed aad tlse debt hereby eecured, in the san~e manner aa with the Mortgagor without
in auy war ~~tiatia~ or di~cltar~n6 t6e Mort~a~or's lisbility hereunder or upoo the dcbt hereby eecured. No sale ol'
tl~c pramisd~ l~reby mort :~ed and no forbearance on the part of the _'V[ortgaaee, and no extennion o[ the time for the
pa~ment oC the debt he~t~e~y- secar+ed given by t6e Mort~aaee shall optrate to releast, di~?char~c, modify, chan~e ot al[ect
tht ori~ins! liability of tht Mort~a~or herein either in vvhok or in part.
fi. The lien of thie deed decures and ahall coatinue to secure paymeat of aaid indebtedntea or indebtedneea,
liowrver evidenaad, wheiher by said pa~omiesory note ~r any reaewal ar extenaion thereof oe aub~stitute therefor, or
mtieerwiee, until all wch indebtedme~ s6all have bcen inll~ paid.
In the event the mortgagors selt, convey or trnnsfer the mortgaged premises during tiee life cf this mortga~e,
t/ien this mortgczge shall, at the option of ihe I~Tortgagee herein, berome immediately due and payable for the full surn of
the principal balance and interest then due.
8. The terme "Mortaa~or" and "Mort~,ra6ee" whedever aecd in thie inatrum~wt gl~all include the heire, pereona~
rep~entativcs, sucoessora and assi~s nf the reepective partiee hereto. Wherever used the ein6ular aumber ehali incl~de
the plueal and the plurafl the sinaular, and the uae oi any ~ender ehall iueluale all gendera
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Signed, and delivercd in thc pteeence of: ~ j~:~7-t-~i t?
~ ~L-.~ ~ _ _ (S~.)
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. ~~~~..~-..,~..G..~-~,~~
STATE OF FI~RIDA ~
COUNTY 4I~'~
Be~oTre' ~IIpeli~aliy xppe~red Yike Me~in.non aad Aretha Megiranon, hi$ wi.i'e,
~ to n~e weli knowa and kaarwn ta me to be tbe individaaL dc~cribad in and wha ezecuted the fot+e~c~rin~ iaetrnment, and
acknowled~eci befoce ne~ that they e~eeuted tLe w~ma for thc peupo~es t,herein ezpreMed. ~ITNESS my haad and
oic~i.l .e.t in eLe Connt9 and Stace la.c aEocra.id thi. 17 t h Sy o f S e p t e mb e r, 1 g 6~..~;
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M~~ c~?~;~:ao~v;~xp~.: ..No~r. 9, 196s Notary Public, State of ' .
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? A M 30 P~I i: 49
, ~ . - '65 SEP -
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- ~ ROGER ~'•~lE~COUNTYRK ~OOK~~ t
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