HomeMy WebLinkAbout0094 Msrtppt, pa eva~t ~f toroelasure ol tbu mort;a~e ~r ot6er vwtar o( title t~ t6e ea?rtpred p~pert~ ip eitinrui~Ament ot t6e indr.bt-
ednaa secured Yereb~, ~U ri6ht, tide •nd i~terert of tb,e Mon~o~ in aad to aor iwur~nee pelicie~ ti?e4 ie farce tEuil paw t~ d~e
rure6a~er ~r `rutee.
(6? Tr ~arf~, e~plr wid~ ard aibide br +e~rh rad everry t6e dipulatia~na, aaeema~ta, eeaditiow ~ad csvenaws~ i¦ a~id promisNry
nete aod iw tLi~ deed ~et (orth.
(i) T7~t if ~a~ wid ~rau o( m~ner berein referred to be ad p~omptlJ asd t~llr pai~ witlii~ - - tlft~+em da~s ~aet
Jter the ~uue ~everall~ becoruer dne and pa~able, or if eacb snd every tLe uipulatiso~, arreements, csodirisa~ Ysd eo~eoanb ~t Nid
premiw~ rNe ~pd t1d~ doed. o~ eitheq are not fullr peeiu~aerd, coruplied wit6 ~nd ~bided by. tLc s~id ai~repte ~um meetioaed ia
wid {?roa~issory sote sWi becowe dre nnd p~yable [orthwith or thcrcalter at tbe option ef tbt Mortar=ee a~ (oll~ ~nd eempletely ~
it the s~ia ~~e ~t~ tWp of said proaaiwocr eae wu orisin~lly ~tipul~ted to be paid op ~u~6 d~~~, anythiw` ir aid p~~~i~wq ~eee
or herein t~ tie coatruy notwithst~ndinr.
( j) Th~t in order t~ ~ecelente t1~e maturitr d thr indcbtedae~+ hcrebr ~tcured, ~cawe ui the failure at tbe At~rtNpsfr t~ prr ao7
trz, wc~stntat, liabilitr, ~blipti~ ar eneuu~bra~ce u~?oa ~~id propertr. y leereio provided, is ~hall ~ot be neeewa~ oe t+equuite tlut
eh~ mart5.see .h.l~ scst p.~ the ..me.
2. Tlie Mort~a~tx m:y, at hia optian, and without wniving lus right to acceltr~te the ~debcednar ~~~by
eecured and to foreclose the a:me, pay either before or after delinquenc~~ ~ny or s?11 0[ thaee certain obliaatioba
reqnired by t6e ternu hereof to be paid by the Mostgagor for the protection oE the mortg~ge eecurity or Cor the oollec-
tion of the indebtedness he-reby eecure~i. All auncuf ao Advanced or paid by thz Mortg~?gee ehait be charaed into the
mortgpge account and beoome an integr~i purt thereat~ aubject ia a!i respects to the terma, conditiona, And covenanta
oF the afore+~aid promieeory aote, snd thie mortga~e, ae fully aud to i6e same extent sa ihough a patt of the ori~inal
indebtedneae eridenced by eaid note ind secured by thie mortgage, exceptiug however, that said aume shall be repxid
tne Mortgagee farthh~ith upan ite de~uaad and bt ia addition to the regular monthly installmente provided by the
inortgage note.
3. That tlie abetract or abatracis of title coverittg !he mortgaged propertr- 91~a11 zt all tirnea, durin~ the lift of
thia mortgage, remain iu poeacssiori of the Martgagee and ia e~~ent o[ the farecloeure of thie mortgage or other tranafer
af title to the niortgaged prnperty in extinguiehment of the indebtcdnesy eecurad hereby, all. right, titte and interest
of the l~iortgagor in and to any auch abetracta of` title ehall paes to t~e pnrc~?~eer or grantee.
4. T'o the extent ut` tht indebtedneea of the Mortgagor to the Mortgagee dencribed hereic~ or eecured hereby.
tl~e 11Tartgsgre is iiereby subrogaied to the litn or liena and to the rights of the o~~-nere and holdere Zhereof of each
and every mortgage, lien or other incumbrance on the l~nd described herein which ie paid and/or satiefied, ib whole
ar in part, aut of the proceede of t6e loat? deecribed herein or eecured hereby, and tlie reKp~ctivc litne of said mort•
ga~es, liene or other incumbrance~, ehatl be and the aamt and each of thern hereb~~ ie preeerved and ahal) pase to and
I~e held by~ the Mortgagee herein aa eeeurity For thc indebtedneaa to the 111ortgagee herei~ deacribed oc hereby secured,
to the same extent thxt it M~ould havc i?een preaen•ed and would ha~-e h~een paeeed to and been held by the 1Vlortgagce
had it i~een duly and regu4rly aseigued, t~ansferred, eet over, aud deiir~ered u~~to ti?e Mortga~ee b}' eeparare deed of
as+zigtunent, notwithetanding the fact that the same ma}• be aatiafied and canceUed of record, it beiug the intenYion of the
i~artiee lzereto that ihe t?ame will lre ~atiafied aud canctlled of rec~rd b}' the halder~ thereof at or about the time of
the rrcordin~ of thie mortgage.
5. In the event the ownerehip of the mortgaged preuiisre. or an} part tliereoF. becomes vested in a pereon oth~er
than tlie Mortgagt?r. the '_1lortgagee may, without notice to t~~e Mortgagor, deal wit(t such aucceeaor or succteeots in
i~~terest k~ith referenet to thia dced and the debt hereby eecured, in t~~e 9AIi1N ma~ner aA with the 1'Iortgagor without
in an~~ way ~-itiating or diacharging the Mortgagor'a liabilitg• hereun~#er or upnh the debt hereby eecured. No eale of
tl~e p?•enti~ l~ereby• mort gaged mnd no forbearance ou the part of the !4Turt~a~ee, and no extensior~ of the time for the
paynient of tht debt h~reb}~ secnred given by the Martgagee ehall oNerate to reiease, disci~arge, modify, change or affect
ti~e ori~inat iiabilit~• of the Mortga~or herein either in w6de or in part.
6. The Iien of this deed eeeuree and ahail ca~ntinue to secure p.+y~mecit of Kaid indebtedneeo or indebtedneea,
lwK•ecer evidenced, whether by aaid promiesory note or any renewal or extension thereof or eubetitute therr.for, or
othen+•ise, until all euch indebtednr.es eha?t have been ful1~~ paid.
7. In lhe P.~e~1t tlre mn?~tC;a~ors srll, co~~r~e;~ ni• hn~ts/er tlie ~nnrl,~n~E~d ~~remises ttttriit~ tltc° lifc t~f tliis nturt~rr,~c°,
then this m~rtgn,~e shc~ll, nt t/te uption of the ~11o>•t~~t~;r~~° l~ei~e~rrr, hev~~iite irrinrrdintel~' di~e nncl pn~'able f~r the fttll sunt of
tlte f~>-inri~ial balnnfe nncl inlerest t/ien due.
8. The terme "!Vlor4gagor" and "Mortgasee" whzinever uaed in this instrument Ahali include the heire, persc?nal
repre~entatives, ~uccesaors and sesi@~ne of t4~e reepe~tid-e parti~es hemto. W herevtr ur?cd the eingular nur:~}rer ahail i~clude
t~e plural and the plural the ain~ular, ~nd the u~e of any gender shall include all genders.
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Si~ned, eealed and delivered in tlze preaence of : '~r`-~
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STATE OF FLORIDA
~OUPdTY Ol~~ 5
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~3efnre me pcreoaaliy appeared j+$$ QQ~A.S 8IlfA TiI~~.~.~ ~i0~~u' }l~i ~~ib ~
to rue well k.nawn and 6cnown to me to be the individuala described in and w}io executed the fnregoing inetrument, a~d
ar.knowiedged before me t6at they exeauted th~e aame for thc pur~roaea therein expreeecd. WITN~SS my hxnd and
oi~icixl ee~! in the County ~nd St~te last afaresxid thie Z9th C~A'' Of er, ~.g6~.
L R. A`~~ERY ~ r
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Mk~.,Cqmn~ibeiou Fxpiree: (p - _`ty_ . NotarJ• Public, State of - ~ . -
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