HomeMy WebLinkAbout0167 II[~lsrpr. Ia avqt d(~reclo~~rc oE tbu mertp~e ~r e~ther trwter utle t~ t6ue aar~tpred ~ertr ia cxtinpi~?enta! ot tbs is~eM-
edrw rscnred ?seeby, aU ri~t, tide wd iaterest et the Mort~`~ i~ red ta m~ ia~ue~t pel~cie~ ther ia terce ~h~ll put t~ tLt
~ K ~w~-
T~ ~ett~e~e. o~~rPlr with ~ad abidt by e~eh ud averr the stipalatiwr. +~reeoert~, rs~ditiam aad e~veweq i~ wid Nr~misMrr
aNe srd ir ti~ aaed ~et fKth.
( i) 17rt i( ~ d~aid ~f ~a~aer 6erelo rafarred ~o be not pnatptl awd [dl~ p~J witiuw ritteen d~ri a~ast
Jt~ tLe M~se ~ererall~ 6eeeme~ dne awd p~~able~ ~r i( escb aad ever~ ~ stipulati~u, a~reew~ewts, e~aditia~ a~d esveweq ~aid
Ve'w~irsK~ ~~te ard ti[i~ deed, ar eit6cr~ are n~t tnll7 ped~nued,, corupl:ed Ni~L ~nd ~bided br~ t~e Mil a~repte ~urs meetioaed ir
~sid p~ui~ arte~ ~al1 bee~me dne and p~~~ble fott6wit6 K therea(ter at tbe optiea ei t6e Mort~see a~ (alir and cempletelr a~
i! ~he sda •{~repte Nun ~t aaid prooiasrr eote wa~ eririadlr ~tipul~tcd ta bc p~id ~ wc6 d~y, ~prtlt~ft t~ Nid pr~iwq ~~u
or 6er+ia b tre ea~trur n~lwit~t~ndin~
(i ) That ia avrdar t~ aceelarate t~ mitarit~ ~f tbe indebte.dweir l~creby ~ecured, beeawe er( the (ailuce ot tit !~[+rt[a~' t~ W7 ~7
tax. ~scweae~et, liabilitr, ~iliptiw ~r eacwnbtan~~e u~n wid propenr~ y betein ~ovided~ it ~hall not be oetewan ~r requisite that
the ~nsttsa6ee ~all 6nt p~~ the wae.
2. Tht Morta,s~qet may, at hia optioa, and withoat waiving liis right to acc~ltrate the indebtedneM hereby
secured and to foebclwe the ~ame, pay either bo[ore or after dcl'mquenc~• auy or all of those aertain ablisatioiw
reqnirad by the term~ 6ereof ta be paid by the Mort6agor for the protection e~f the mortgage socurity or for t6e oollec-
tion of the indcbtednea~ hereby secure~l. All sums so advancxd ar paid by tht Martga~ce ah~ll be ch:raed into tht
mortgage account aad liecome an intearal par! thereof, aubj+ect in xll resp~ccts to the ternu~, conditi4ne, wd covenantr
u1' t6e a[oreeafd promieeory note, and this mortga , as fully and to the satne erttat ae though a part of the ori~inel
indebttdnee~ c~-idenced by eaid noLe and eceured ~y this mortgage, ~xceptin~ however, that said dume ahalt be rcpud
the Mort~agee forthwith upoa ite den~and and be in addition ta the regular monihly iastallmenta provided by the
inortgYge note.
3. 'I'hsit iLe abetract or xbstracte of Litle covering t6e mortg~ged property sLall at all times, during t~c life of
thi~ rnottgx6e, remain in poost~sion of the Mort6Agee and in event of the foreclaeure of thie mortga6e or other tranefer
of title to thc nwrt~aged pe~operty iu extinguiehment of the indcbtedne~+a eecured hereby, all right, title and inttreet
of the l~iort~agoc in apd to any a~.c.h abe[racte ~ titlt ahall paa9 to the pnrchaeer or grantec.
4. 7'o t6e extwt o[ the iadebtedaeee of the Mort~agor to the Mortgagee deacri}>ed herein os eecund hereby,
the ?~sortg~gee is hereb~~ eubm ated to the lien or Utns and to the righte of tlie o~+~nsre and holdera thereof o[ each
and every mortgxge, lien or o~er incumbrance on the l~nd describe~i herein which ie paid aad/or eatie6ed, in w6olc
or in ps?rt, out of the proceede of the loan deacribed herei.n or secured herebY, and the ree~ective liene of said mori-
gages~ liens or other incumbrancea, ahall be and the earr~c and each af them hcreU~~ ir preserved and ehail pase to and
i~e held by~ the ?~iortgagee herein as eecurity for the indebtedneee to the 1liortgagee herein de~cribed or herebq eecured,
to the 6ame extent tl~at it ~eould have bcen preeerved and would have been paseed to and been held by the Mort~agec
had it beeu duly aad regul~,rty aeeiau,ed, tr~?neCerred, eet over, aa~d delf~~ec~ecl uuto the Mortgagee by ee~~arate deed of
a:qci~unent, notwithatxnding the fact that the same may be eatiafied and cancelled of rccord, it being the intention of the
~,~rtiee l~ereto that the same wi11 be ssitiafi~d and cancelled of record by the holdera thereof at or About the dmt of
tF+e rrcordin~ of thie mortgage.
5. Ir, the event the ownerahip of thc mortgaged premiyee, or an}~ part tliereof, becomea veated in a person other
than tlie Mortgagc~r, the '_liortgagee may, without notice to dte Mort~agor. deal witl~ euch eueceeeor or eucceeaors ia
'?~~tereRt K-ith reference to thie deed and tl~e debt hereby ~cured, in the aame manner as h•ieh the Martgagor rvithout
in anv way ~~tiating or diecharRing the Mottgagor s liability heteunder or upon the dcbt hereby aecured, No eale of
tl~e ~eremieea }~ereby murt(agrd and no forbearance on the part oF' the '~iortRa~ee, and no e?ctenAion of t~ie time for the
paynient of the debt hereb~• etcured given hy the Martgagec eha11 operate to releRae, di+c}~arge, mod'ef~-, change or afFect
tt~e ori~inal liability of the Mortga,~or herein either in whole or in part.
6. T}~e lien ot thia deed eecurea and shall continuc to secure parment of eaid itcdebtednees or indebtednese,
IlOwe~•er eviden~~d, whtther by said promiaeory note or any renewal or exte~sion t~ereof or eubetitute therefor, or
otl~erwise, until all euch inde~tedne~9 ehall have betn fully- ~?~id.
7. In tlre ei~ent the m~rt~agors sell, cn~ie~ey or hnnsfer tl~e rnort~n~ed ~rPmises cicn-in~ the lrfe of tliis mart~a.~e,
t/ten this mort,~a~e shall, nt the option of tiie ~lfortgn~;~•e herFiri, Lf•~~~n;e imrrirdiatel~~ due ~irid t~a}~atrle for the full sunt o/
tl~c~ ~~rlncipnl Lalan~•e arrd i~rterest the~: dare. ~
8. The terms "Mortgagor" and "Mortgagee" whenever used in thia insirutttent Rl~all include the heira, pereonal
repceweniati~~ee, eucceaeors acxd a8ei~ns crf the respective partiea hereto. W'herever ueed the aingular number ehall include
the plural and the piural the eingular, and the uee oF an}• ~;ender shall include all gendere.
~
~ , i _ . '
~ .
Si~ned, ~ale .a(n¢-de ' e iit tl~e preaence af: u-' .(~~.eL)
~ ~
, , ~ . . . . . . ~ L ~1,'1S~
~ ? / ' ' ~ ~ . . . . _
. . . _ _ , ~ SEAL~
. l .;~'~'Q-....... _ . ~
STATE OF FLOItIDA
l;OUNTY OF ~s
. C
Before me penonally APE'eared I~A~YID BlB$ aa~t B,A~~.?H M.~ B1.8R~ h1s wif~~
to me wetl known snd Icnown to aae to be the individuale deecribed in aad who ex+ecuted the fore~oin~ inatrumtnt, nnd
ackdowledged before me thatt they executed the eamt for the purpaees therein expreesed. WITNE55 my hand aad
~'icial seat in the Counry and State laet aforeaaid tiue 2~th day of OCtOb~x , 5.
y r" ~ R. F+VF~~~ .
, , ^ ~ .
/.i v~ ~ ~ i,-ii i~, ~r; ~r ~ _ .~(.~r..
Mv Commiarion Expi[e~ 1. . E~ ''4' L~?~S7 Notary blic, State of Florids-_ , '
. " :`~I~ , ~ -
~ ~ ~'1LED ANt7~ RECORD~O~` - ~;i~r~...',;:,'.' -
' I.r ~ ~ ~ ~ ~ lJ : ~,j~ .
, ' ~ . . ~ ,..I \,~.l.J"ll{{ ' 'i-'"`'
+ ~ }S . . ~
~ ~ ~ ~ ~ _ ~ -lFS ~'OV ~ ~ a~. • ~3, L ,i ~
, . ~
~ . ~ ~.,~.~V~K BOOK~cJ,~
. , , R~~~~~_ ~ 'rGU~•~ i Y,
~ ~ ST. Fi hR10~