HomeMy WebLinkAbout1538 ~[.rtp~.r. L er.wt .t l.red...re ot c6i. m.repre .r .t`.c w.1.r .t tid. e. t~s ~ta~~si~~
~ iw e~ctiw~wi.lNnaN .t t`e i.deM~
edww ~seaced Lerebr, rll ri~6t, dde ud interait ~t tbe Disrt~~ i~ a~d t~ irwr~see Nlieier ther i~ t~roe ~6rll pw t~ t`e
NerLwr +r YrNe•
(1~ ) T~ Mat~nw, o~lr wit` ~ s~ida br aaeb wi ewcy the ~4tiw. ~~re~w~rb, cwdia~ar ard nvewnb ia aid ~r~e+i~r~rr~
nrte a~d iw d~ ~ssd ~et t~ett~.
( i)'ILt it ~i, nrw ~t r~~ue~ 6erele ra(err~ t~ be ~t rc~~d a~i trllr ~ii wid~i~ lfiteen Lr ~t
pr+rriwe~ r+te~~tYi~ aesd, rr eid~er. ar~+e
wtktrll Y~eb awd eve~ ~~ipd~ti+M~ a~nsarew. cviditiw aed c~vena~b ~d
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wid p~ai~oM ~te ~I! bec~we dre ~sd P~~• wid? awi abi+id i~~. die ri~ a~te ~oi a~ewti~w~sd iw
if t6e ri~ ~s ~~t wid sd ~rdle ~wit6 ar t1Me~tesr at t6e optiM d tLe Mertproe in td17 a~d e~enpktd~ as
s~ee rnrf..orr ..te Mr,. Kip..u, uipd.te~ t. be ,p~ia .wei~ a.,, .s~ i~ .~a ~r..ir.r~
or Leraa t~ ~e cNtnr~ wtwitb~t~ndiai.
(i )'lbat ia ~isr t~ acc~ele~te el~e n~tnriq ~f tbe ir~dsbteiew bee~ebr~ aecured, bee~we ~t ~e tailrre ~f tLe ll~iprt u M7 ~7
tax. awe~ae~t, li~biliq, ~?liptiN ~r e~e~snce up+~ ~aid ~e~pert7. M 6ereia pr~vided~ it ~hatl a~t be oeee~ K repirite t~t
ihe n~~et~paee ~ll 6rst pq tbe wse.
2. The Mort~~et may, at bir aptia?~ and wit4oat wai 4is risht to aoatler~te tlu iudebtedner bereby
eecu:ed and to forecla~e t6a same, pay eitl~er before ar after deliaquenc~ ~nr or all of tho~e oertai~n obliaatiom,
reqnired by t6e terms hereof to be paid by tbe Mort~a~or for tLe protection of the moe~a~e securrity or for tbe wlleo-
tioa of the iadebtednen hereby ~xured. All sums ro ad~vaneetl or psid by t6e Mort~agee shall be charaed iato the
mort~age aecount and becane an integ~l part t6ereof, wbject in ~11 re~pect~ to the tern~s, caud~itions, and eovenantr
of the afoe~aid promiswry note, aad this in~ a~ fntly and w the wme ~ctent as thou~h a part of the ori6insl
indebtednce~ e~-idenced by said note aad eecured y t1w moct6aae, exceptina however, th~t said sums shall be repaid
tht Mortp~ee forthwith upan iU denisbd nnd be in additi~r to the re~uLr n~oathly installmente pmvided b~ the
~nort~ge nOte.
3. T6at the abetraict or :bstrac4 of tide coverin~ dre mortgaaed property sliall at all time~, dur~~ the lite of
thie mortga~e, remRin in pwweMaian ai the Moe~s6tc and ia evtnt of tht foreclosura d this mort~a~e or atLer tranefer
of title to the n~ortgaaed property iu eztin~wahmeat of tbe ittdebtednese eecur~cd hertby, all ra~ht, tide md inttrest
of the blortsasor in aad to any such ~tbstract~ of title ~hall paes to the parc6a~er or ~rantee.
4. '['o tbe extent of t6c indebtednds oE tl~e Mor~a~or to ti~ Man~a~ae deecribed 6erein or ~ecured hereby,
the Diartg~~e i~ hereby wbro~ated w the liea or lien~ and to thc riahq of the o~r~ere and holden t6ereof d' each
and every mortaa~e, lieu or other incumbranoe on tbe laad dexribed hercin which is paid and/or eatieSed, in ~v6ole
or in p~rt, out af the proix~eds of t6e loan de~cribed hereiia or ~red hereby, and the raPective lieas af ~aid mart-
ga~ta, lieur or other incumbrana~, ahall be a~nd ebe same :nd each of them her~eb'~ ia preserved and shall p~es to and
bc hcld bf the Mortaa~Ct herein a~ secarity for t6e indchtedness to the 1lidrtga~ee l~erein described or hereby ~ecurcd,
to the same eztent tLat it M o~id have been pre~erved and would have bten passed to and been h~ld by th~ Mort~a~ee
h~d it bcen duly swd re~larly aesiaued, trawferrtd, set over, and dcli~et~ed w~to the Mortga6ce by eeparate d+ee~l of
as~ignment, notwithetandin6 t6e fact that tbe eame may be wtia6cd and cauctlltd of record, it beiu6 the intention oi the
I,artiee heceto tl?at tbe s:me will be eatisfied aad c~ncelled of rccord bj the holdere thercof at ar about the time of
' the zrcordina of thi~ mart~a~e.
S. In the event the ownership of the mortgaged premi~es. or any part tl~creof, becomea veated ia a penon ot6tr
than tl?e Mortgagt?r, thc 3lortgaget may, ~?ithoat notice to t~e Mortg~gor, deal with auch eucce~eor or eucce~son in
iute:e~t w-ith neferer~ce ta thia deed and t!u debt hee+eby securcd, in th~ ~ame ma~er as with the Mart~agor without
in an~- w~r ~ntiatia6 or dieebar6iag the 11V[[ortGa~or
~ liability hereunder or upon the debt hereby secured. No esilt of
tl~e premiee~c hereby mort a~ed and ~o forbearance on the part of the '_1~[ortga~ne, and no exteneion of the tirne for the
payn~ent of the debt here~~• secured given by the Mort~agre~e shali operate to release, di~chara+e, modify, chan~e or aRect
the ori~inal liabitity of the Mott~a~or herein either in wrhde or in psrt.
b. The lien af thia dced aecurea and shall c~ntiane to seciire payment d said indebtedness or indebtedneae,
Irowe~•er evidenecd, whather by ~aid promieeory note or anY renewal or extension thereo[ or aubetitute therr.far, or
otl~errviee, until all such indebtedne~s ehall have been (ull~ paid.
7. In the ex~ent the mortgagors seil, conr~ey or transfer the mortgaged premises during the life of this mortgn~e,
then th;s mortga~e shall, at the oplron of the lllortgagee herei~r, fierome immedintely due arid ~inyable for the fttll sum of
tlre principal balnnce nnd interest then due.
8. The terme "Niortgaaor" and "Mort~aaee" whenever used in this ingtrument el~ell include the heire, personal
r~prer~entatives, ancoeesors a~d assi~ of thc rcepective partiee 6ereto. Whtrtver ueed tiue singulAr aumber shall include
the plurai and tht plural the einguiar, and the uet of any gender ahall include sll get~dere. ~
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5igned, ee~l~e~i,a ~ v thc preaence of: _ . ~ lcf.~'. .~L.~.. . (S~+[.
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• ,t~.~: - . -~'i~--x 4 _..1._._~>.~...... (S~L)
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ST E O~ F RIDA ss
COUI+TTY OF ~?AD~
~~on~~
~~~~11y p~~~ KAI,PH CAIN , JR and PaI,YANA CAIN , hi s wi f e,
to mt well lr.nown and kno to me to be the iadividuala deacribed in and who t:ccuted the fore~oin~ inetrumeat, nnd
~ acknowled~ed before me that theq e:ecuted the same for the purpoees thtrein expreseed. ~ITNESS my hand gnd
o~cial eeal in the Couuty and State Iast xforewid this 8 t h d ay a f 0 C t U b~ 1 g 6~.
(~:F1~L f2. AVE^Y
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hR7;,~?Y f'U?U(', ST,..?L o:` FLJ=iDk at
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MY GJ',:"15~i0'1 [XFti?~S
1UtiE 30. 1957 . :..,_,1'G,
Mv. GeQ?ni~ion Expirr~?: Notary Pubiic, te af
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~ : ~ '65 OCT Z5 A~I 9 : I i ~ S..j.'.A;~,
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~'u.. S7. I_~Ci~ CGU~dTY, t; ~ ~
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