HomeMy WebLinkAbout1580 Mortp~x. L eveat d toreelw~re o( t6u ruortttage or atber traw(er et title t~ the ma~tp~ed pr~perty ie e:tin~vial~a~ent of the isdebt-
edaea secured `srebr. rU ci~6t, titlr ~nd iatere~t ~f t6e Mort{aaor i~ ard te asr i~~rteK~e p~lirie~ tl~ea io terce ~lull prw t~ 16e
purrLrsr ~t rrsrtsE.
lh) 1'e pett~rm~ e~r~rpJ7 ~vitl~ nd a?ide by eae1~ ~ed e•ery the ~tip~l~tisa~, a~reese~t~, cMditioaa and covewaa in wid prania+~
note and iw tl~i~ dsad ~et twtb.
( i l '1'6~t if Mr d NiJ ~Ww et ars~ey Lcrtia retecnd ~s be sN pr~mptl~awd fwU~ p~i1 aitLi~ !1ltren d~ri ~sxt
a(ter lb! MIqQ ~OYOl7IIr bC4MOl1/ dpQ il1~ ~,~'~IEy il e~eL ~ed eveR atipubti~µ ~~reenests~ eooditiew md tevewsts d' aid
prwni~~ ~ote s~d dw deed. x eit6er~ ,u~r Ra f¦llr ne~i.~,ued. co~uplied wi~h and abider br, tlie a~id ~t~ra~+te ~um mentiraed in
eaid pro~uironr oote sWli becuoe dre and ~~able tart6ait~ ~r thereafter at tbc opties d t6e MortRr~ee a~ [ullr md campletely ~
i( tl~e said akrcpte smn at .ud pro~aiNOrY wae wa~ ai~iaallr ~tipul~ted ti be wid w w~h d~~, aart6iw` ia wid p?eo~iwK~ ~ate
or heseia t~ tbe eoatnr~ sotwit6~tandin~.
li? That in order u accelente tiie matorit~ ~f tl~e ~~deb~e.. 6ewebr ~ecured. because et tLe tailure ot t`e BbrtP~ P+r ~7
trx, werunenl, liabi4tr~ ~bliptia ur eucwnbraace up~w u~id ~pert7. a~ hereia provided, it s6a11 aot be neeeNan K requiuite t6at
thr nwrtqa~ shdl 6nt pq t6e wne.
2. Tlie Mort~aee may, at his optio~, aunsl withaut waiv~' his riaht to +~aceleratc the indebtednesn lrereby
aecured and to forecla~e t6e same, pay eit6er beEore or after dclinquonc~• ~aY or all oi thaec certi?in obU6atiom
required by the tcrms he~+eof to be pxid by the Mort~a~or fnr tt~e protection of the moe•tgage eecurity or for the oollce-
tion of tlrs indebtedntss her~eby ~ecured. All sucos so a wanucd or paid by t6t Mortgagee shall be char~ed into the
mortgage account md ~~ecome an inte6ral part t6ereof. subject ia Yll rrapecte to the urnu, ~nditions, and covenanta
oE' the aforeaaid promissory note~ aad t6is mortaa~e, as fully and to the same ~rtent as thou6h a part of the ori~nal
indebtedneas e~-idenced by aaid note and aecuced by thi~ mortga6e, exoe~tia~ huwever, that said sume ahall be repaid
the Mort~agee forthwith upon ite dtn~and And bt in addition to the regular monthly installmenta provided by the
mort~yge noie.
3. Th~t tlie abetract or abatracts oF title coverin~ the mortgaged property aliall ai all timea, durin~ the lit't o[
thie ~nortgage, remain in pase~eion of tht Mort~agee and in eveat o[ the forcclosure o( thie mortgaae or other transfer
of titie to thc n~ortga6ed prnperty iu extin~uishtnent of the lpdCbLCi~IIq9 eecured hereby, all right, title and intereet
oF the biort6agor ia and to any such abstracts o[ title shall paea to the pnrchaser or 6rantee.
4. T'o the exttnt of the indtbtedneee af tbe Mortga~ur to the Mortgs~c~e deecribed herein or secured Lereby,
the lliortgagde ie hereb~• eubrngated to the lien or lieiu and to the rights of the owners and holdere thereot o[ each
and every mortaage, lien or other incumbrance on tlie land describeJ herean which ie paid and/or eatieSed, in w6ale
or in p~rt, aat ot the proceeds of tht loaa described hierein or secuetid hereby, aad tht respective litne of ~aid mort-
gagee, liecu~ or other ineumbraned, shall be and the same snd each of them hereb}~ ie }~~erved and ehall p~ to and
be held b'• the Mort~aaee herein ae aerurity for the indebtedneea to the illortgagec herein described or hereby secured,
to ttie sarne extent that it w-ould h~ve been preserved and wawld have hter~ paased to and bcen held by~ the Mortaa~ee
had it been duly and regularly aeei~~ed, transferred, set over, aijd deliven~d m~to tl~e Mortgagee by separate deed of
a~i~unent, notw•ithstandina the fact thAt the same may be eatisfied and cancelled of record, it beiug the intention o[ the
j,~rties hereto that the same will be eatis6ed and cancelled of record by the holdcru thercoF at or about the time o[
the recordin~ of this mort~aae.
5. In the erent the ownerehip of the mort6aged premi+ea, or any part tl~ereoF, becomea veated in a pereon other
than ti~e Mortgrgor, the '~'Iort~a~et may, withaut notice to the Mort~agor, deal witl~ such auccet~eor or eucceeeors in
iutereKt t~ith rcference to thie deed ~pd the d~bt h~nbr secured, in tlu 9ame manner as w~ith the Mortga~or without
iii any way ~-itiatina or diechar~qing the Mortgagor's liability hereunder or upon the debt hereby eecured. No sale of
the prCmieeR Lereb • mortga6rd and no forbearance on the part of the !~'iurtga~,ce, and no extenaion of the time for the
~~avn~ent oI~ tlte de~t hereb~- aecnred givta by the Mart6a~ee ehal! o~ecate to rele~ee, diacharge, modify, chanSe or al~ect
ti.e ori~inal liability of the Mortga~or herein either in wrhole or in part. ~
b, T}~e lien of thie deed eecures and ahall coatinut to eecure paynotnt of eaid indebt~nees bf~indebt'e~e~a,
how•e~•er evidenced, whethcr by said promieeory nott or any renewal or extension thereof b~ c~ubstitutf theref~ ar
otlierwiee, until al) ~uch indebtedne~ ehall have bcen fulh• paid. ~ ~
7. In the e~tent the mm-t~n.gors stlt, co~iney or fratts(er lhe mortSaged premises d«rirl~~i~~life o tliis mo a~e,
ilic°rt this y~aor~~nge si~all, at the option of the ATortgagee hei~eln, be~rome immediately~ due ariq~y~t"ble ~ie ft~ll s~t af
the• pririci~ial bnlance m~d i~itet-est then due. ~ ~s`; - [
~
8. The terme ~`Mort~aaor" and KMore~aae~" wh~eaever ueed in this inatrument ahs~ Ga~ude eire, ' e~nal
re~~rewentativee, sueaesaors and aeei~ne c?f the reepective partiea heeeto. Wherever ueed the aiw~lf~~ nu r ehal i~iude
the plural and the plural the einaular, and tht uet of ae~} gender ahali include ail gendere. Z~
~ 7° ~7
r -~~i . ~
m w o Cit
Si~ned, eealed and delivered in thc preeence of: ~
/
witneas as to ~ra L. _ olline ~ " ~ '
~/.Li'~ ~C ~ ~~_""~~"--~_'."~.~r~?c.)
_ - ~ - . ~
/ ,
~,,f ~r ~,~,L~- `r Wit ess as ta Gilbert Collin~
" ,J.. . .,:l.,rt,_~.. . • ,
` ' U ~'i
STATE OF FLORIDA ` ~ '
LOUNTY OF gg , ^ L ~ ~
ST. L CI
Bctnrc me persanAlly appeared EVA I,. COLZINS, being the wife of GILBEltT COI,ZINS,
to me well knoyvn and known to mc to be the individuale described in and who executcd the iore~m~in~ i~rtrun~e~;tt, aad
~ acknowledged before me that thcy executtd the eame !or the purposee therein ezpres~ed,. WITN~;;=~;i~pd''~nd
9
orieial ~eal in tl.a County and S3ate lasi eforaaid thi~ 2•th day 0f ~t~~~l. 6
STATE ~F FLORIDA ~ ~ - ~ ~ ~ ~
~ , - ~ ~ '
Lf~~~~ ,
NARL R. AVERY _ _ • ' =
_ - - ..-...l._""'-.......,.f..~. . • -
tIp?~.FY PU6UC STATE ef FLORICA at LAR6E / - 7;~-;,. ;,-r...: r:..-
h1Y GtiMMISSIO?J El(FIaES lUNE 30. 1457 ~ J'' ~
Mti' Commi6sioa Expires: _ Notary Pubhc, Statc,,ef~
STATE OF FLQRIDh ~ ~ i i;,
COUNT~' .D1~'~~y~. I,UCIE
~~,~~~~tor~.~,~%~eraonally appeared ~II,BERT COLLI?iS, bein.g the hugba.nd of EVA L. COLLIAS ~ to
m¢~~i~l Jr~¢~; ~ known to me to bt tbe individual daacrib~d in and who exacuted the f'ore-
gqi~~t~#~iUeab~;=.and ackxioWledged before me that he ezecuted the same for the purpose
thereitr ex'pre~~!d; WTTNESS a~y hand and officia,~, aeal in y Co ty and State l~sst afore-
aaid;~s ~ 2~uc~ :da,~ of September, 1965. T
I~y ~C~a~pmisaion,~~iiresfi ~totary tublic, State of l~l4rida
, ~ ar ~a~r;E 0 R ('/~ff1)
~Y COM1ii5SI0h EXtIRES ~AAP.. 10. 1°u9 / :y ~
~ , •ONbEtl TnROVGM FR BOVK~f~Iy
~0 w. DiESTE~ti„IRft
i~