HomeMy WebLinkAbout0162 Mo~tp~sr. IA eve~t foreclo~e~c of lbia mortaa6c e~ other trodet ot title tw tbe moAp~ed pc~perty in e:tinsuiahnunt oi t6c iedtbt•
edneM aecured bereby~ ~ll ri~ht, title and interut ot the Mart~or is aod to aar i~annce policie~ then in force ~iuli pw t~ tbt
pYreBYer ~r ~t1Nee.
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(d) Ts pe~fsem~ tsmply with +tad abide b~ uc6 ~nd every tbr atipul~tious, agcerneots, copditioru ~nd eorenaqa is uid prwniu~ryr
nete aad i~ tLi~ deed ~et t~rtk.
(i) T6rt it ot Nid ~~rw at mone~ Lerein refer~ed to !?e ad promptlr ,od f~llr p.jl ai~hiw ritteea dari ~t
after the Mame revenllr beeome~ due rnd payable, er if eac6 ~od everr the ~tipulrtian~ asres~aenta, esoditioa~ md eorenanu at wid
p~osi~~ wte aed t6lia doed, or either, ue not fntlr pertorwe+d. ewuplied witl~ ~nd nbided br, t6e s~id a«repte ~um anentiontd 'w
~aid prvati~wrr notr s~l1 becwet dre rnd par~htc toethwith or therta(ter at the optioa oi tl~e titort~t6ae a~ [nllr ~dd cempletcly a~
if tbe ~aid ~~epte ~wn at s~id p~omiaaory aote aa~ oriaiwlly ~tipul~ted ta be tuld oa ~uc6~ day, aartbia` u wid p~~iwan Nte
OC ~lEfE~p ~`E coatnry natwitlutu~din6.
( j) Thrt in order t~ aceelerate d~e matu~itr of t~e indebtedaes~ herebr ~ecured, bec~u~e of the failure of t6e 11[~rtst~er to p~ey m~
trx, aweu+nent, liability, ~bli~atieo or encwnbrance uyon s~id propertr, y herein provided, it ~hall not be neeewr~ or requiuitc tbat
the i~~ortsa6ee .h.l~ &~c Pay ch~ •,R,~.
2. T}k Mon~a~e inay, at hie optiots, aud without wyiving !ue right to aeceierate the indebtednese hcreby
eecured and to toreclose the wm~, paY either before or aftec delinquency any or al! oF thoee certaia obli~ationa
required by the terme bereof' to be puid by the Mortgagor for the protectioa of the mortgage eecurity or for t6e collee•
tion ot the indebttdnces her+eby eecured. All eutnd so advanced or ~aid by tht Mortga~ee ehall be charged into the
~nortgxge account and become an integral part thereoE, 3ubject in all reepecte to the ternie, conditiona, and covenanta
of the afoe~esaid promieeory note, nnd thie mortgs~e, ae? fully and to the wme extent as though a part of the ori~inal
indebtedntae evidenced by eaid note and secured this mortgage, excepting however, that said eume shall be repaid
the ~4iortgagee forthN~ith ~pon ite demand anci be in addition to the regular monthly installmente provided by the
morEgY~e note.
3. That tlie abetract or abetracts of title covering the mortgaged prapert3- staall at all times, during the life of
thie rnortgage, rernein in poeeession O[ Z}1E MOItgA~CC ~p{I in e~~ent af the forecloeure of thie mortga~e or other tranefer
of title to thc nartgaged property iu e~tinguiehment of t6e indcbtedness eecured hereby, all right, titl., and iutereat
of the l~fortgagor in and to any a~ch abetract~ oE title ahall ~?ass to the p~~rchaAer or grantee.
4. 'I'o the ertent of t6e indebtedneee o[ the Mortgagor ta the Mortga6ee deecribed herein or Kecu~ hereby,
the 3idrtgagc~e ia hereby subrng~ted to d~e lien or lierna and to the righta of tlie o~~~nere aad holdere thereof of tach
aad ev~ry mort6age, 1'een or other incumbran~x on the )xnd degcribed hereiu ~vhich is paid and~ or satisfied, in whole
or in part, aut oE the proceeda of the toacr deacribed I~erein or aecured hereby, aud the re~pective liena of raid mort-
gagea, liene or other incumbrances~ ehell be and t6e aame and each of t~ieen hereb~- ie ,~reserved and ehAil paee to and
Ire held b~• the Mortgagee herein ae eecuritr For the indebtednexR tu the ~1Zartgagee hereire described or hereby eecured,
to t!?e same exteni that ii h-ou)d have }~en preser~•ed and would ha~~e been paased to and been held by the Mortgagee
had it been duly and regutarly aeai~~ed, traneierred, ses over, and deli~ered ui~to tl~e Mortgagee b}- separate dced of
a~+igiiinent, notwithetanding the fact ihat the same may be aatiafied and eancelted of record, it bei~?g the intention of the
~?artiee liereto that the eame wil! be satis&ed and cancelled of r~cord by- Lhe hvldera thereof at or about the time of
tFte rrc~rrdin~ of this mortgage.
5. In the e~~ent the ownerehip of the mortgaged prernisee, or any part tl?ereof, becomes ve~ted in a peruon other
than the Mortgags>r, the '_1'Iortga~ee may, without nutice to the Mortgagor, deai with auch aucceaaor or succeeaors itt
iuterCrt ~.-ith referei~ce to thia deed and the debt hereby etcured, in tl~c q~rne manner N•ith thP 1•lortgagor without
in au~~ way e~tiatin~ or diechargin~ the Mortgagor'e liabilit`- hereunder or upao the debt heceby aecured. No eale of
d:e ~rcmie~ hereb)• neort ga ed and no forb~arsnce on the part of the '?ic?rt~a~ee, and no extension of ti~e time for the
payf~~eut oC thr debt hereb ~aecured given 6y the Mortgage,r. ehall o~erate to release, di.rcliarge, modif~•, ch~nge or alfect
tt~e ori~enal liability of the Mortgaqor herein either in whole or in part.
6. 1'}~e lien of thia deed eecures and ehall continue to eecare payment of said indr.btedneav or indebtednese,
Irowe~~er evicienccd, whet6ec b}' said promieaory no~e ar s~ny renewal or exteneion t~ereof or eubgtitute therefor, or
otl~erwise, until a11 euch indebtedne~e ehail have been fullv p~id.
7. I~t thf° e.~e~rt lhe »inrt~n~nrs sell, tnitz~~°)~ ur~ tra~ls(c•r tl+c~ ~~r~nt~n~ecl ~~?~Pntr;es rltrr;n~ tfic~ li~e nf tliis m~azt;u~e,
11ie~2 thi.r mnrt~n~e sjrnll, at tire o~ition nf the ,1fo~•t~a~rc he~ri~r. ?~r~ ~~mf~ r~rrn.rc~dirtcl~~ drre a>>c! f~n~~c:Ule for t1i~ f~rll s!~,r. of
t/rr° ~riric~i f~nl ba(a~t~e ~tnd irtleresl the~t due. ~
8. The ternie "Mortgagor" and "Mortgagee" whtnever user3 iu thia instrwnent shall include the heies, personal
repmaentativee, aucoeseors and aeei~ne of the reapectice partiea herreto. Wherever uwed the ~ingular numF>er Rhall include
the ple~ra: and the plural t6e singutar, and the uee of an}' ~;C'nder shntl inetude all ~enders.
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Si~ned, er.al and deli~•ered in Lhe pre~^nce of : " - (S~?L)
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S'I'AT'E OF FI,ORIDA '
(:OUhTY OF ~
II~DTAR RNER
Before m~e perROnally~ a~pear~d OLAF' EII~R'1'SOI~ sAd FLUR~ L~, FTT~gp,~s ~s ~ri~e,
to me well knawn and known to me to lze the individuale descri~ed in an~ who executed tFae ioregaing inetrtxxnezat, and
ackuowled~ed befo~re mt that they executed the eame for the purpvaee thecein ezpreseed. WITNESS my hand and
ol~icial seal in the County aod StAte last afoeesaid thie 2~h de~y ~f pCt,pbeY' ~ 5.
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'~'Iv.,Cn~tyieeion Ex~er~ee: .~~~6J6.7 Natary Pubii , Statc of ~
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