HomeMy WebLinkAbout0469 Mortprsr. L evewt ~f foreclosure o( t6u mortq~e or otber ttrwfe~ ~t litle t~ tbe mattpred pr~pertr ip tstia~i~6ment of t6c iadee~h
ed~r ~ecnred Lsrobr~ dl ri~t~ title aad iotcrc~t ~f the Mort~sr iw asd ta ~nr irunnce p~lisia thes ia f~tce thsll p~N t~ tbe
~nn~ +r =r~t4e.
(6) T~ pertr+rr~ ewp17 rvitl~ a~d ~bide b~ wch aed ever~ t6~ dipal~tioaa~ a~reeme~t~ eesditioai aed C~vE~iflf i¦ ~aid prani~ar!
netc wd ir dsed ~et t~rtk.
(il Tbrt i( wr ~i wid ~war ~t m~ner berein rote~red a be nat pr~mptlT awd irll~ pd, wi~l~ IIftceu d~~n aext
~fter t6e woe ~sva~all~ beeomes doe md p~rable~ or it eseb ~ed ever~ t6~ stip~tiewa, a~eenenta, ceaditier ud eevewnt~ ~rid
promi~~ wMe ~urd d~ deed~ or either~ ~re not fallr peeta~+med. camplied wit~ and ~bidsd br, tbe ~aid ai~raide ~um aiewtiooed 'u
a~id prvmiwr~ ~te t4~ll bec«ne doe and parible tocthwith ar thcreatter st t6e vptise ei t6e Mort~r~en ~ trllr aad c~mpletelr r
if t~e sali ~~e pte rdn ot said preoissorr ewte w~ ori~wllr ~tipulated te be v~ld w~neti d~~, ~n~ii~~ iw wid pn~i~~ ~+ee
oc herain N Irs eNtrsry n~twithstmdinr.
U 1 'I'bat ia atrkt t~ ~sseiente d~e matnrit~ ef tLe indebtedeetir l~erebr ~ecured, because ot the failure at tlre ~[rrt~{arrc t~ p~r ~07
i~:, wewu:ut~ tLbiliq~ ~blipti~s or eaeuu~branre u~u wid propertx. a 6ereia provide~ it ~hsll aot de oeeawrr K requisite that
thc mor+~s~ee rhali 6~u p~r the ~aroe.
2. T1~e Mortaa~ee may, at his optioa, and without waivin lus right to accelerate thc indebtedneM hereby
secured and to foraclwe tbe same, pay cither befort or after de~inquenc~• a~n ar all of the~e ctrtain obG~tiona
reqnired by t6e termu 6ereof to be pxid by the ~ortgagor for the protection of t~e mortgage security ot (or t6e oollec-
tio~ of the iadebtedne~s hereby secured. All eumB ro advaaced or paid by the Mortgagex shsll be charaed iato tbe
rnort~a6e accaunt and become an integrel part thereof, etebject in al! respects to the temis, conditions, xnd covtnrnts
of the sforeeaid psomiasory note, and thie mortaag~, as [ully and to t6e samt ~ctent as though a part of the oriainal
indebtedneas e~fdenced by said aots and eecured by t1?ie mortgage, ewceptin6 however, that said aume shall be repaid
the Mort{~a~ee forthwith upon ite demand aad bt in addition to the regular monthly installmente provided by the
~nortgage note.
3. That tlie abeiract or abstracte of tidc c~verin~ thc mortgaged property afial! at all timea~, durin6 the life nf
thia ~nortga6e, rem:in in poese~sioa of the Mort6agee and in evcnt of the forecloaure of thie mortaa~e or other transfer
of title to thc n~ortgagerl pmperty iu txtinguiehment of the indcbtedners secut+cd hereby, ali nght, title and 'enttreat
of the b~ort~agor in s~nd to any 6uth Abeiracts of title sh~ll paes to the putchaecr or grante~.
4. T~o the exteat of tht iadebtedneae of the Mortgagor to the ~1~lortgagee deecribed herein or secured ~reby,
the Dqortga~ ie ~ereby eubrogated to tl~e lien or liens and to the righta of the oi.nere and holdere thereof of each
and every n~ot:sage, li+cn or oihar incumbrance ou the laad descrit?ed herein which ie pAid and/or eatie8ed, ia ~vl~ole
or in part, out of the proceeda of the loan deacribed herein or aecured hereby, and t}~e reapcct~vc liene d stid moct-
gages, litaa or ather incumbra~oes, ahall be and th~ eame and each of them hereb~- i~ preeerved and ehall p~es ta snd
be held b~~ thc Mortgaaee herein as eecurity for the indtbtednea+ to the Diortgagee herein de~cribed or hereby secured,
to the same extent that it M-ould have }?een prGeerved and would have ~?een paexd to and been held by the Mortgagee
had it been duly sud regularly aeai~aed, trane[errcd, i+et over, and deli~-ered u~~to the hlortgagee by ee~?arate deed nf
a~i~unent, notwithetandin6 tht fact that the same may be eatiefied at?d cancelled of record, it beii~g the intention of the
i,~rtiee hereto iF?ai ~he same will bt satiaficd and cancelled of record by the holdere thereof at or abuut the time of
the rrcordin~y oE this rnortgage.
5. In the event the ownerehip of the mortgaged prtmi~es, or an3- part tliereof, bccome~ vested in a pereon other
than tlee Mort~a~r, the '~1ort~a~ee may, without notice to tlie Mortgagor, deal with euch auccesaor or aucceseors iu
iutereAt with refetenct to thia deed and the debt hercby eecured, in t6e same manner ae with the 11'Iortgagor without
iix auy way ritiatin6 or diacharging the Mongagor's liability hereunder or upnn tF~e debt hereby eeeured. No eale of
the E?rCmi~+ )iereb}~ mort ga6rd and no forbearance on the part ~?f' the '.V[ort~;agee, and no extenaion of the time for the
E~ayuient of the debt hereb~- aecnred given by the Mort~aget nh•rl) oNerate to releaae, 3ischarge, modify, chan~e or affect
the ori~inal liabilit~~ ot the Mortga~or herein either in whole ar in part.
6. 'The lien of thie deed eecuree and ehall contioue to aecure pavr~ent of eaid indebtedoees or indebtedneee,
. 1?owever evidenced, whether by eaid pcomiseory note or any renewal or exteneion thereof or aubetitute thert.for, or
otlierwiee, until al! auch indebtean~as ahall h~re been [ullg- paid.
7. I~: t/~e rz~ent the m~rt~aLrors sell, co~i~~ey nr h~nrts(er tf~e nioi7~n~ed ~rre~mises durin~; the li/e of this rnort;n~e,
the~n this mm-t~~~e shall, nt the o1,cion ~f the Afort~n~;~~e j1P1P111, l~c~rnrne intmc~dintPll~ duc unct ~aynble for the full suai o(
tfrc~ pri~a~i~inl bplnrrc n»d iriter-es! the~i due.
8. The terms "Mortga~or" and "Mort~agee" whenever ueed in this instrainent ahall include the heire, pereonal
re~?reaentativee, euccesears ~nd aeei~ne Rf the reapective partiee hereto. Whtrever uaed the ~ingular numfrer ehall include
th~ plural and the, plural the eingular, and the uAe of an}• p;ender shall enclude alt ~endere.
'ii~nea, eealed and delivered in tlie prenence of: ~~~'~t~:,~. ~~j y'Li`~~;,~ (SFr?[,)
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I- .~`6Y~ " ' 1 ~l-~~"~~Z"-..~ . . . . ~~~AT..~
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STATE OF FLORIUA ~
LOUNTY O~' I$~X ss
3T. LUC
Before me pereonslly ap~eared MABEI~ M. HIITCHIS~ ~ A 81~1e ~?o~AII~
to n~e well known and I~n~own to me ta ~:~e ~~a~~~a~a~e at~ri~a in and who executed the foreaoing iuatru~ent, and
acknowledged before rne that they exeeuted the ssr~~e for the purpoeea therein expreseed. WITNE55 my hand and
ol~icial eeal in the Count}' and Stat~ laet aforeeaid thie 12th day ot lio~~ 1g65.
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Mv Commieaion ~xpires: I\`otxry Yubiic, State of Flo •<<~
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