HomeMy WebLinkAbout0225 Ms~tpp~. L evw ~f f~+eelwar~ of t6u wortpie ~r ~tker voJer ~t title t~ tbs ~wtpped p~eet~ iw e:tinpi~meat e( tLc ir~deM-
eduer ~seored ~ereb~. aU ri~t, title md iatc~est the Mat~or ir asd ts ~rr irrranee ~?I~c~ d~es i~ t~rce ~hall pu~ t~ tLe
rare~r~ K ~r~~Me•
(1~) T~ ~e~t~. esrpil witii asd ~bide b~ eacl~ ~~d eve~7 tbe ~tipalttiou~ a~ee~re~ ~we~iitiw aa+d e+vena~tb ir wid Nrwaiw~r7
a~te ~rd ir t~ i~ed ~et f~rtb.
(i) T6~t if ~~i wi~ nrmr ~f nr~eeY herelw ceferrod t~ be oat prrmptl a~d tdlr Mi~ w~t61w lflteen ~rys sest
dter tl~e ~ae ~evarsU~ beeome~ ~ae aad perable, or it eacL awd ever~ ~ KiPd~ti~u. ~iree+oewta. c~rditiw a~i eovenaata rf ~d
pr+rir~rT ~e a~~ til4 desd. sr cit6cr~ sre n~t tdl7 ps~iormed. ceruplied wit6 ~sd abidsi by, d~e Mid ~~repte ~~s u~erti~wed 'u
~id pr+miweY Mte ~LaU beewe dre asd p~rrble foetLwit6 K tlierea(ter st t6e optiea d t`e Mort~see a~ (dl~ aad e«upletel7r ~
if tbe wf~l a~r~pte aun et ~ria prew~iwor~ sote wa~ aripaailr uipulated t~ be t+~d e~ web dr~. ~orthi~~ i~ wid pr+~iwc~ N1e
or 6e[ein b tre c~wt~ar~ Mlwilbtvadie6.
O) 1Lat ia oriar t~ ~eeek~te t6e maturitr ~t tbe indebtedesM 6ereby ~ecured, bec~use uf the t~iture o( t~a !1[~ct~a~ te M7~ ~7
tuc. we~uoe~ lia`ititr~ ~iliqtiw or encra~branre upoo wid propenr, u hercia previdcd, ic rhall nat be neee~an K~equieite tb~t
thc rostiv,,~goe dall 6nt p~y t!u Nmt.
2. T6e Mart{~a6ee may, at his optioa, and without waivin~ his riaht to accelerate the indcbtedn~w hereby
eecured and to forcclwe dre aame, pay citLer boEore or after delinquenc~• ~ny or all o[ those certain obli~atiotrr
reqnirad 6y t6e terms hec+eoi' to be paid by the MortaR6or for the prntection of tht mortgage security or [or t6e oollec•
cion uf the imdebtedne,is hereby ~ecured. All sume so advanced or paid by the Mortgag~e shalt be charaed 'anto the
rnort~age account and become an integral pxrt thereof, aubject in all respects to the terme, conditioiu, and covenanta
of t6e aforesaid pmmissory oote, and thie mortsa~e, as fully and to the same ~~tent se thou6h a part of the oriainal
indebtednde e~-idenced by eaid note and secured by this mortga~e, exceptin6 however, th~t said sums ehall bt repaid
the Mort~a~e forthwith upan its d+emand and be in sddition to the regular n?onthly installmtnte provided by the
morigxae note.
3. Ths~t tl~e abetr~ct or abetracta of tide coverina ihe morigaged property sl?ail at all times, durin~ the li[e of
thie znortga e, rernain in po~aereion af th~e Mott~~gee and in event oi the fomcloaure of' thie rnortga~e or other tranafer
o[ title to t~ n~ortgaged property iu extinguiehment af t6e indebtednesa eecured heseby, all right, title and interest
of the 14iortgagor in and to any s~ch ~betracts of title shall pa~s to the pnrcisaeer or grantee.
4. To thc extent ot the indebtedntea of the Mortgagor to the Mort~a6ee described herein ar secured htrtby,
the Iliortgr6ee i~ hereb) aubro~aeed to the litn or liens aod to the righta of the o~~nere aad holdere ihareof of ea~eh
and every mort~age, lien or other incumbrance on the land described herein which ie paid and/or datae6ed, in wboie
or in part, aut af the proc+ecds of the loaa deecribed hertin ar secured hereby, and t}?e respective liene af said mort-
gages, liens or oxher incumbrance~, s~ull be and the same an~l each o[ them hereby~ ir preaerved and ehall pas~ to and
tx held b~ the Mortga~et hercan as eecurity for the indebtedneax to the 1liortgagee herein described nr hercby sceured,
to the ~ame extent that it w-ould hav~ }~een pteeerved and would have heen passcd to and been held by the Mort6~6~
had it been duly and rtgularly asei~ued, tr~neierred, eet over, aud delivereti ui~to t{~e Mortgagee by aep~rate deed of
a.~igystnent, notNithetsndin~ tbz fact that the aame may be eatiefied and eancelled o[ record, it beiiig the intention of the
~?artiee I~ereto that the aarnt will be aatiafied and cancelled of record by thc holdcre thereoF at or about thc time of
t}~e rrcordin~; af this mortga6e.
S. In the event the orvnership of the mortgaged premisee, or any part tltereof, becomea veated in a persan other
than tlie Mortgagor, the '_1'Iortga~yee may, without notice to the Mortga~or, deal with euch gucceeeor or successors in
intereAt with reference to thie deed and the debt hereby aecured, in tl~e 9ame manner as with the Mortgagor without
in aay war ~ztiatin6 or diecharging tl~e Mortga~or s liabilit}' hertuoder or u~on the debt hereby aecured. No sale of
tl~e premisen hereb)• mort agrd and no forbearance ou the part of' t6e '_Viortgagee, and no extenaion nf the time for the
payn~e~~t of the debt hcre~~- aecured given by the Mortgage~e ehall o~eratc to release, diacliarge, modify, change or aRect
the ori~inal liability of th~t Mortga~or hErein either in whole or in part.
6. The lien of this deed securea and shall coatinue to aecure pa~•ment of daid indebtednees or indebtednese,
1?owever evidenctd, whether by eaid promiaeory note or any renewat or exteneian thereof or eubstitute there:for, or
otlierwiBe, until al[ euch inlebtednees ehall have been full~• paid.
7. In the ez~ent ehe mnr-t~n~ors sell, crinvel~ nr h~a»sfei ~lie mm~l~ngect pre~rises din~rn~ tlie life of this »iort~n~Te,
t{:eri this niortgnge shall, nt tiie oplion of the ,lsortga~F•e l:ereir~, becnr~ie imnrediatel~~ dtre a~id f~nyable fo~~ the fi~lt st~r~: of
t/rc pri~t~ipal balan~e n~rd interest the?i diie.
8. The tertne "Mortgagor" and "Mortga6ee" wheaer'er used in this ingtrument Al?all include the :+eira, pere~onal
repre~ntativee, suecxaeors aiAd aeei~ne nf the reapective pRrtiee hereto. Wherever ueed the eiogular numher ahall include
the plurai and the plural the eingular, and the uee of ~ny g~ender shall include all gendera.
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Signed, aealed and delivered in t6e preaence of: (~`~~v~~t•G-4: C~',..-u-s!-~- j.^ (S~ru.)
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~J - _.~.!L,.~_ " ~~C.~.L~- /~'ri ~~.F..~,-~"~ ~,y.~.ZC:L!?~.__ ~SEAL~
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S'i'ATE OF FLORIDA
C()UNTY OF X~iICJC ss
ST. L~C
Before me pereonally appearcd CI+LR~iCR E. OI,IY~t a~d DOR~1'SY M. TlC~1T'P OLIY~B~ hia t+if~~
to me well knawn and t.rnown to mc to b,e the individuale describcd in and who eAecuted the foregoin~ inetrument, and
acknowlcdged before me ihAt they executed the eamc fur the purpases therein expreseed. WI'I'NESS my hand and
o~icial ~e~t in t6e County and Siate last aforcaaid this da~ OY lfo~!?e~b~r~ 1965.
P+DTARY PUB~IC. STnTE o{ FLOP,IDA 3t l.AR~;E ~ , ~ ~
~+1Y C0,'v;MIS5101V EXPiRES MAR. 10, 19u9 ~~`~'~'~C'.~w-` ..............~~s.~,.:.,,-,:-.....
•ONOrn TMRpU611 FRED W. DfL1T~1~wpMyR ~
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NocAr Puhiic St~te of 1?lorida ~ , . •
M~• C.omri?~eion Expiree: y , , '
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_ ~ % ~~C18~ ~~v ~ ~ Q K - t: -
. ~O~j~..~,~j~_ ` , ' .
- . ~ ~ 8 u! 1 9 ~ 3 ~ , _ -
, • ~y
. ~ R 131 219
' - ~ ~ ~ ~v BOOK
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