HomeMy WebLinkAbout0172 M~rtppr. Is rvw r( l~^erlwwre oI thu mort~a~c K~t6er er~w(er ~t tida t~ d~a iwetpred p~artr is G+ctiapi~luneot et tbe i~deM-
odww ~eeared `sreby~ dl ri~t, tide ~ad iaterwt st the Msrt~sr iw md ta w~ iawr~nce p~l~eie~ thea ea farce aLall pw t~ t~e
~wrr~r ~e p'aMre_
(l~) T~ prt+rsy t~~plr witL aed rWde by eac6 a~d e.erq ebe ~rtipdiatiwu, a~reome~, eNditi~w~ aad c~veoasts ir ~aid prsesia~er~
n~te ~wi i~ tLis daed ~et t~rtk
(i) T6rt if aq et rsid sw d mrae~ 6ereia ~efe~red to be nat pr~mpt! a~d lwll~ p~i~ w3tLL !flt,eea i~r aa=t
dter t6e wrs ~eversil~ b~eeoa~a dre aud pa~able, ~r it a~ ard ever)' ~~tiPulrtiwu. ~t~~M~, noditi~ a~d e~re~a~s ~t e~Id
gr~+rirr+r7 ~e a~a 1i~ de+ad, w ei~brer. u~s w~t fdlr Pariormud. eon+Aliea witi rsd abided b~, tire s~id ~~p~epee aue a~estiwad ia
f~td6a
.ai~~~ ••ce .?dl bee.we d~.e aed p.r.ble fwtbaith K thercatter rt tbe optieN ~i t6e Mortta~ee ar foll~ rad e«opletcty a~
~ept+ wa ~t ~aid pro~iMSrr rote wr oripoly ~tipul~ted t~ be p~id N~ticl~ day~ aw~t`iw~ i~ wid pt~atwr~r ~e
or kereia t~ tie cwtnrr n~t+vit~mdies.
( j) 11iat in Kder ti ~cee~erste d~e au~tariqr of t6e ~Adcbuaiwc.. 6enebr wecured, beeawe ~t tl~a failure ot tLe Y++tpi++' P~r ++7
trx, awc~s+n~et, liaLilit~. ~iliptiN er eacnu~brance upow wid propenr, M heeeia provided, it ~hall n~t be aece~arr ~e reqaisite e~at
the eo~oetsaeee ~lull 6nw p~r tbe wrne.
2. T6e Mortaa~ee maY, at 6is option, nnd witLout waivina lus right to a~oelerate tbe indebtedne~ hereby
•ecured aad to forecl~e the same, pay either before or after delinqucncy a~ur or all of those certain abli~ation~,
reqnired by t6e terms hereof to be paid by the Mort~a or for the protectioa of t~e mortgage aecurity or [or thc collea
tion of t6e iadebtednes~ hereby eecured. Alt auma w a~vanoed or pud by the Moetaagex sh:ll be charaed into the
mort6age account and become an intcgrwl part thereof, eubject in ~11 reepecte tn tlie terme, conditians, and cov~enxnb
of tl~e aforee~id promieeory note, and this mort~a~e, as fully and to the same eitent ae though a part of the orignal
indebtedness e~-idenced by eaid note wd aecured by this mortgage, execpting however, that said sume shsll be t~epaid
the Mortgagec ~orthw~ith upon its demand sad be in sddition to thc tegular manthly installmente provided by the
~nortgage iiott.
3. Th~t tLe abetract or abstracts of title covering the mort~agerl propert~ sliall at all times, durina the life of
tlYiB inartga6e,, remain in possasioa of the Mortgagee aad in event of the fore+cloeure o~ thie mortga~e or other tranafer
of dtle to thc n~ortgaged property iu e:tinguishment of the indtbtednees e~cured hereby, atl right, title and intereei
of the blortgagor ia and to ~y euch abetr~?cts of titlc shal) paes to the pnrchaeer or grantee.
4. 7'o the exteat af the itedebttdnees of the Mortgagor to the Mortg:ac~e deecribed herein or aecured hereby,
the Mortgngee is hereb~ subro6ated to the litn or liens and to the rig~ts of the aer-nero and holdere thercof of tach
and every mortg~ge, liea or othcr incumbrance on the land described herein which ie paid aud/or eatie6ed, in whole
or in part, out of the proceeds of the loan described her~ein or aecured herehy. and the reis~?ectivc liend of aaid mort-
~ages, liens or other iacexmbrsnces. ahall be and the eame and each of the~n hereby ia preeerved aad ehall psee to and
Ix h~ld by tht Mortgaace hcreitz ae eecurity for the indebtedneeK to the A'Iortgagee hereita deecribed or htreby securtd,
to tt?e same exteut that it r?~ould have heen preeervtd and would have been pase~ed to and been hcld by the Mortga~ee
had it been duly and cegularly asei~artd, tranaferrtd, set aver, aiid delir~et~ed u~~to tlie Mortgagce by ae~arate deed of
a~i~~rnent, notw•ithetsndina the fact that the eame may be satiefied and cancelled o[ record, it beiug the intention o[ the
partieg liereto that thc eame will be ~?atisfied aud canc~lled of record by the holdera thereot stc or about the time af
!he rrcordin~ of thi~ mortgage.
S. Ia the event the ownerehip of the rnortgaged premises~ or an~' part tf~ereof, becomea veeted i~ a pecson other
than tlee Mortgagor, the '_liortgagee may, without nntice to t~e Mort~agor, deal with euch euecesaar or auccaeors i~
iutereet with reference to thea deed and the debt hertby eecurad, in t!x 9ame manner aa with the Mortgagor without
in aii~~ way vitiating or diacharging the Mort~agor's Gabilit}' hereunder or upon the debt hercby eecured. No eale oE
the pr~mieeR hereb j• mortgagrd and no forbearance oti the part of' the '~tort~a~ee, and no exteneion of the time for the
payn~ent of the debt hereb}~ aecured given by the Mortgagee shall operatc to releaee, di~char~e, modifv, rhange or al[ect
t~,e ori~i~a] iiabilit~~ of the iNortga~or herein either in whole or in part.
6. T~~e lien of thie deed eecures and ehall continue to aecure pavment of esid indebte:lneee or indebtedoe~e,
liowc~•er evidence~, whether by said promiasory note or any rencwal or exteneion thereof or subetitute thecr.for, or
otl~er~+iee, until all euch indebtedneas ehall have been fulk paid.
In the er~ent the mort~agors sell, ronz~ey ~rr transJer tl~e niorl~n~ed premises durin~ tlrc liJe o/ tTtis r~tort~ar;e.,
lIlP11 this n~ort~a~e shalt, at tlie o~tion of t{:e Alvrtgagf~e hel~eirr, bernme rnt»tedlntel~~ dt~c n~id ~ia~nble for the ftrll su»i of
tlre principnl bafat~ce nrid interest tt~en due.
8. 'The terme "~Vlortgagor" and "Mortgagce" whenever uaed i~x thia instrumee~t aheli inciade the heira, personal
re~~rer+entaNves, aucacasam and aeei~qne of tht reagective pxrtiee hereto. Wherever ueed the Ringular number shall include
the ~?Iura1 and the plural the eingular, and the u~c of any gender ~~tal) include ali genders.
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5igned, aealed and delivcred in tlie preeence of: ~ F//~~ (~~L)
l !~,?.t_r''t'. c: ~.~r.. " _ ~ P's'. J
~ _ ~i3tQ~rJ..__ _ (Her ..Grk ........(S~r,)
, LILLI~ WILLTAMS
:t.L~
STATE OF FLORIDA
COUN'Y'Y 4F ~lQC gs
SS. LUC
Before me pets~mslty appeared $QBR$T 1~yj,IAXS aad LILLIB YILLI.APIS~ h3s ~?ife~
= to me well E.nown and known to me to be the indivi~iuats deecribcd in and who executed the foregoing iaetrument, and
~ acknawltdged befar~ me that they exe;cuted the ea~me for the purpoeea thenin expreaetd. ~VITNESS my h~nd and
a/icial etal in the Coutxt}- and State la8t afortaaid this 5th day OS Y0~?~ib~T~ {>5•
p. f, . ~ y,
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~Y C ~.t :u.._ s,_, 1:61 . ~l
Mv Commiesion Expir+ee: :voc,~~y P~,b1;~, State of Flori, ~ ^ ~ ; . ~
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