HomeMy WebLinkAbout2339 11urt~gor. In eveat d(orecio~ure of t6u ~nurtKaFr ur uther tr~nder o( title to the mortp`ed prepertr i~ extin6uiahiucnl uf the indeb4
cdnd~ ~eeured 6ereby, rll ribht, titie awd iiuerest o( the MonR.Kor ia and su any insunnce policin then in (o~~-e ~hal! j?aea tn t6e
pure6a~er ur ~nslee.
(h) To pe~fsrm, cesplf witY aod .b;de by each aad every t6c ~tiRal~tiant, a~rt,emenu~ ronditione and cuv~n~nt~ io ~aid prumis~or7
nott ar?d ia thii deed ~et tortl~.
(il That if aa~ d s~id ~~uw ef m~aer be~eia rcferted to be nat promptlr aad tuilr p~id wit6ia fllte~n d~Y~ ae~t
after the auae ~everal{y beeomes due rnd pa~able, or if escL aed everr the uipulatioet„ aarecwems, road~tionr aod coveu~nu of taid
yroeniwec~ oote ~od t6is deed, ar eitlier. ire net fullr pt~tonaed. coouplied with and abided by, tLe said a~sre~te •um mcntioaed in
~id p~ad~irory ovte ~6al1 beewne due and p~rablr fort6with or thcrca(ter at the pption u( tht ~lurtRrace ai (n11Y and rompletely ~
if the said a~epte ~Wq o( ~~id promiworr note wp uri6iAally ~tipul~ted to lu paid oa •ueh day, anythio~ ia said premiwer~ ~ste
„r I~erein to ~ coat~ netwithatu~dinK-
lj~ That ie order t• ~eeelttrte t}rc maturit7 d tbe indebtedoer Ixreby serured, t,ccauee u( the faelure o( tLe Mvn~a6ur tu pq u~
tnx, a~aera:nent, liabilitr, oblisatisa ur enc~ur~braece upon srid properir, y I~erein p~orided, it ~haH nut be neecwary or requi~ite that
th~• ~~~ort~a~,ee ~hall tirn par the ume.
Tlie :~turtgagee inay, at hia uptioa, and withaut w~ivin~ lue rig}et to accelers~te t}ie indebtedneas hereby
aecure.d and to iorectoue the same, pay either before or after delinquency any or al! of thosc certain obG~ationa
required by the terme hereoC to be paid by the Mnrtgrgor for the protection of the niortgage ~curity or For the collec-
tion of the indebtedneee hereby eecured. All aum~ ,io advanced or paid by the ~'lottga~ee shall be charged into che
mortgage account a~d hex.~ome an integral part thereof, subject in al! re.apecta to the terma, conditione, and covenante
~f the aiv~r,eaid prornie~wry note, aad thi6 mort~a~e, ae [ully and to the eame extent as though a part nE the original
i~idebtednees evideuced by said note and eecured by thie inortgage, exceptiag huwe~er, that said aumR ehall be repaid
the ltort~agee fortl~with upon ita deuiand and be in addition ta the regular monthl)' installmenie prnvided by the.
in~rt(~a~~ pOtE.
3. That tlie abatract or abatracta of title ~covering the mortgage~i propert}~ sliall at all timex, durin~ the li[e o[
thie ~nort~s~ge~ remxin in pos6t~sion of tht :~lortgagee and in eve~t of the [orecloeure of thie niortgage or othtr transfer
of title to the n~ortgaged propert~• iu extinguiehment ol' t6e indebtedn~y er,cured hereby, all right, title and intereat
of tht ~tort~agor iu and to any 6uch abetracts of title shall pa~s to the pnrchaeer or grantee.
4. 'I'o the e~ctent of the indebtedneee of' the Mortgagur to the Mortga~ee deecribed herein ur secared hereby,
the ?1lortgagee ia+ hereby subrogated to t}ie lien or liens and to the righta of dic o~r-nere a~~d holdere thereof of ench
and every iuortgvge, lien or other incumbrance on the land descriLeJ herein Nhich is paid andlor s~ti~fied, in whoie
or in part, out oI the praceede of the loan deicribed herein or ~ecure~i hereby, and tlxe rea~~ective liens of eaid tnort-
pagee, liene or other incumbrances, ahall b~ and the ~me and each of them hereb~ ie preserved and ehall pase to and
i~e held b~- the Martgagee herein ar eecurity for the indebtednc~ to the illortgagee herein deacribed or hereby secured,
to tEie same extent that it h-ould have bten preeerved and would ha~~e heen paeeed to and 1?et:n held b}' t4tie Motrtgagee
I~ad it 1~een duiy and reg++larly aeei~ied, iraneferred, eet over, and delirered w~to tiie :~1ort~aRee b~• aeparate decd of
:~~i~unent, notwith~tanding the fact that the aame may b~ eatisfied and cancelled of record, it bei~~g thr intention oC the
~~artiee l~ereto that the gam~ will Ue a~tia&ea and canc~lled of recurd by the holdera there«f at or about the time of
t1~e rrcordin~{ trf ihia mort~age.
5. In the event the ownerehip of the mortgaged premise~, or an} part tliereuf, becomrs veKted in a pereon other
than tl~e hlortgagor, the'_1'Iottgagee may, without notiee to the I~V[ort~yagor~ deal with euch eucceaeot or succeeeon in
iutereat K~ith referet~ce to thie detd an~d the dtbt hertby eecured, in tl~e sar~re manncr ax w•ith the :ri~~rt~a~or w;thduc
i~i au~• way ~~itiatin~ or diecharging the Mort~agor e}iability hereunder or upcx~ the debt hereby- ~cured. No aale of
the przmiees l~er+eb~~ mort agrd and no forbearance on the part oF the '~iort~a~c~e, ar~d no eYtenaiori of the time ior the
payment of the dtbt here~~- atr~irtd given by the MoMgage~e ehall operate tn reler~ae, diqchar~e, rnodiFy, change ar affect
tl~e original liability of the iHortga~or herein either in whde or in part.
h. T}~e iien of thia deed eecurta and ahall continue to secure pa~•ment of Faid indebtedneee or indebtedn~sa,
L~~H-ecer evideaced, whether b}' said promiesory note or any renewal or r.xtenQion thereof or dubstitute ther~for, or
otherwise, until all euch indehtedn~ shall have been fuliti- paid.
7. In tlrc ei~ent tlre rn~3rt~ri~nrs sell, ronr~e~~ or transfPr tlre mnri`a~ed ~~rPmises dtnin~ Ihe !i/e cf l/tis mort~rr~~e,
tltrn t/tis mnrt~n~e shall. nt tl,e option of the A1ort~aaFC• hereirr, be~rime irrl~net~trlfetl~ duc and pn;nble for tl~e fi~ll s~n,: of
ihr~ /~rittcit~al Ualance !md ;~ite~-est the~i due. ~
8. The terme "Mortga$or" and "Mottga~te" whenevtr ueed in thia instrument Al~all inelude the heira, persoual
repre~entati~~ee, auec~seors and aeaiRne c~f the reapective pArtiea hereto, Wheirevtr ueed the ~in~ular numF?er ehall include
the plural and t6e plural the aingular, arid the aec of any gender sha1) include all ~cndem.
~igned, a~al d a d 2he preeenet of: !G- _1'~~~~~<~!~'. C. ~~L~-=~~`z',~':~ rt`•1~ (Ser~L) .
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~ r,G•.t,~ ~ ' . ~-(.c~ - <•;,,-cL ~~~~'C, . . _ (SEAI.)
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~~CL-`.' ~ . _
STATE OF FLORIDA
LOUNTY OF lI~ '
3S . ZIIC IS?Iil[ l. CL~YB~C.Aal3, 88 ~ a,/1~/s ~II,ZI~I[ S. C~BYE?~A~D, ,
Before me personally appeared ~t~j $'T$ji~ Ci~D~ ~t~~
to me well knarrn and tstown to mt ta be the individnala described in and who ezecuted the fore~oing inairu~ment, ~nd
acknowledKed before me that they eztcuted the eame for the purpo~ therein expreesed. ,VITNESS tny hsnd and
u~'icial a~al in tl.~ County and State la~t aforeaaid thi~ 29th aa~ Ot ~at 1965.
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M~- Commieei~xt Ezpirca: . ry c,
Nota Publi Statcof ,
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: '65 F,~JV 1 ~ AM 1~ ~
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~;L~RK ' BOUK~JU 5~U
~pG` ~ ~ ~tC. GpUNTY'
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