HomeMy WebLinkAbout1854 Mretpprt. W~veat (~e+eelwan of thia meetpsc W+tber trw~fer title t~ t#e asrtp~ed pt~~e+i7 is estieini~sncat sf t6e i~de~
edner ~eeored ~!1 ri~4t~ tidc ~nd iatere~t ~t the Men~r iw aud ta aay i~annee p~l~e~a thea iw fsrce rlull pw t~ t6e
'are6~~s~ ~t a~~Me•
( r) T~ ~t~na. ew+P~7 ~vi~ ~d a5ide b7 eaeh aod rvery tbe ~ipul~tiwnr, a~reerao~ts, cya~iti~v rrd c~vewwts i~ raid prwwiwoc~
w`te ~sd 'u tkir dre~ ~et farth.
(i) T1wt if a+~ ai wd ~s~ ~f ~n~ney Lerein refecred ~o be ed pr~mptl a~d tYllr pai~ ~vithiw tlfteen dq~ ~cst
at~ tLe aarae ~e~enllr bce~me~ dae asd priable, ~r i( eae6 a~d even ~ stipul~ti«a. t~reemenu. cwditiewr awa t~veoaetr wid
p~ Nte a~d tYu dee y or either~ we net tdl per(~nned. eauplied wie~ u~d abided br, t6e Nid a~p~epte ~um ~atieoed ia
~id pKSmur+Ky woue ~Yr11 b~oeoase dwe r4d Wy+~l?le ~orthwit6 ar thcreatter at tLe optisa ef dic Mo~t~~ae as fWl~r aed c~mpletcly ir
i( t6e ~aii ~~~re~te ~am ot ~rid proeaiwarr eote w~ oriiiwlly ~tipui~ted be taid e~ s~e6 d~~. ~nrttii~~ iu Mid p~iwrr ~e
or heceia t~ t~ ea~trfrp s~twithslaodi~?~.
t j) 'lb~t in wder t~ ~eeelee~te tre m~taritr tbe indtbted~tw 6ereby ~ecured, bec~uae o( tbt f~ilure aI tbe ~[~rtp~ t~ ~1 ~+7
t,uy wewncat, tiabilit~. ~blipti~a ~f toc+uu+brrarc upow s.id propeKr, a bcreia ~wovide~ it ~6+r11 not be oecerr~ K neqriak~e th~t
the ~u~rtsa~ee ~all &nt pq t6e wne.
2. Tue Mort~6ee naay, st hie optic~n, and ~vithout waivia lus right to accelerate thc indebtedner htreby
secnred a~nd to foreclu~e the ,rame, pay either btfore or aEter de~wqu~ac~• any or al~ of thoee certa~in abliaatiaw
requirad by the terau 6ereo[ to be paid by tbe Mort6a or for th~ protection of the mottgage sexurity or for the coDec-
tion o[ t6e indebtedneM hereby eecured. All sums so a~vanced or paid by t6e Mort~agee ehall be char~+ed into the
moctgage aeeount and bei.^ome an intcgral prrt thereof, subject in all reepecte to t6e terme, conditions, and eoveaant~
oE t6e aforeeaid promiseorp not~, aha thie mortaa~e, as fully and to the same exient aa though a part of the oriainal
indebtedness e~-idenced by eaid note aad eacured by thie martgage, excepting however, that said a~me shall be repaid
the Mort6agee forthwith upon ite de~i~and and be in addition to the regular n?onthly iastalimente provided by the
~nartgyge note.
3. That tlie abetract or abetracts of tiile covering the mortgaged property slixll at all times, durin~ the life oC
thie mortgxge, remain in pw~e~saoa of the Mort~agee and in event of the forecloeure oF thie mort~age or other tranafer
o[ title to the niortgaged property iu extinguiahment of t6c indebtedneas eecurcd hereby, al! right, title and intcreet
of the ~loctgagor in and to at~y such abetracts af titie shall pas9 to the pnrchaaer or grantee.
4. 'I'o tLe extent of the indebteduese of the Mortgagor to the Mortga~ee deecribed herein or secured henby,
the h'Iartgagcyt ia hereb~ subro +~tcd ta d~e lien or lieas anci ta the righte of the oiynern and holders thtreof o~ each
and evecy mort6Yge, lien or o~er incumbrance on the land describe~i hetein v?'hich ie paid and/or eatiaSed, in w6ole
or in part, out of the pro~xc+ls of t6e lo~.n deecribed ~erein or secured hereby, and d~e reepective liene of said mort-
gagee, liene or other ia~umbrancer, shall be and t6e eame aad each of the~n hereb~- ie 1?reeerved and ehall paes to and
be held b~• the Mortgagee heotin as eecurity for the indebtedneeR to the 1liortgagee herein described or herebp secat~td.
to ttie same extent that it r.ould have }ieen preeen•ed and would ha~•e been seaed to aad been held b}' tht Mortaagee
had it been duly and regularly aeei~~ed, traneferrsd, eet over, and deli~e~ u~~to dee Mortgagee by separate deed of
~~i~unent, notwitbatanding t6t fact that the eame may be aatiefied and cancelled of record, it beit~g the intention of the
Z~~rtite l~ereto that the aame witl be datisfied and etacelled of record b~ the holderei thereof at or about the time of
?bie recording of this mortga6e.
S. In tht event the ownerehip of the mortgagtd premives, or an~• part d~ereof, becomes vested in a ptreon other
than tlie Mortgagor, the '_liortgagee may, without no2ice to the Mortgagor, desi witl? euch auccesenr or aucceseors in
iutereAt with reference to thia deed and the debt hereby eecured, in tl~~ yame manner ae w~ith ihe Mortgagor without
in ai?v waY ~~itiating or diecharp;ing the Mort~agor's liability htrtunder or upon the debt htreby eecured. No sale of
tiie ?rcn~iaeR }~ereb}~ mort a rd and no for'bearance on the part of the !~'furt~agee, and no erteneinn nf the time for the
j~ay,nent of the debt her+e~ ~ eec~ired given by the Mortgagce ahall operate to release, discliargt, modify, change or afYect
the ori~inal liabilit}' of the Vlortga~or htrein either in whole or in part.
5. The lien o!' thie deed aecuree at~d ehall eontinue to aecure ~?a~~ment of said indebtednee~ os indebtedntas,
I~ow•ecer evidenced, whether by~ said promieeory not~ or any renewal or exteneion thereof or subetitute therefor, ur
otiterwise, until all euch indebtednt~9 ehall have bcen full~- paid.
7. Itt tl~e ei~erit tlle »iort~n~ors sell, cor~r~r~y or lrn~+sfer thr r~i~r/~ayecl ~rPrnises dut-in~ t{~e life of this »iof'l~a,~e,
tl~en tlrrs mort~ct~e shall, at the option of the Afort`Gn~~r~r l~e~~Pix, f~e•~nme immcdinlely due ancl ~n~~able for the full suni of
the ~irinci~hal bnlance nnd inleresl the~: due.
8. The terme "Mortgagor" and "Mortgagee" whenever ueed in thie ingtrument al~all include the heire, pereonal
repreAentativee, aucoeseors aud aeeip~rne of tF~e reapective partiea hereto. Wherever u~ed the eingular dumber ehall include
the plural aad the plural the eingular, and the uee oi an}• gender shall include all gender~.
• l .
Si~ned, eealed and delivered in tlie preacnce of: ..r--~4.~ ~f." ~ _.~L1 (S~?t.)
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. . . _ . _ . ~G~'»'~ . ~7 d.~L~ G~2~ ~ ( ,-f t.¢~~-~!Z~.. . . ( S~?~ )
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STATE OF I.ORIDA
COIJNTY O ~S ' ~
SeToreZ~~pe~caouslly appeartdF$~ Z. gQ~?~ 851~ r~° ~~e ~
to r~c weil known ind known to ffie ta be the i~~~i~.e~~t ~~~z~~ nt, +wd
acknowtedatd b~fore me that they executed the aame for the purpoeea thertin expreewed. ~ITNESS my-- bitwd .and
oBcial seat in :he County and State laet aforesa'sd thia Q d~g~I 0~ Op O•r~
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L`t C'". tt 1'J'~c , l:)07 ' ~ _
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