HomeMy WebLinkAbout0484 Ddertppr. L eve~t tKed~wrc of t~4ia m~rtpre rr etber tr~wfer d utle t~ tl~e rr~rtse~ed p~ert~ in e:tinpi~6ment of tLe i~ie~t-
eduar ~serred lerebr, +iU ri~6t, tide ud ioteroat a( t6e Man~r iw aad t~ ur iwn~ee psl~cie~ tbe~ u f~ru ~hsll pw to tLe
Wre~rer ~r R+rMa-
l~) T~ lsef~rr~. a+~Pl7 w~itL a~d ~bide b~ e~c6 ud rwery tbe ~tipul+d+a~. ~Reema~t~. c+aditi~ar ard e~vewrb is wri~d pr~miaMry
n~te asd i~ tW~ ised ~et twth.
( I) T7rt i! aq ~t rrid ~~w ~t m~aer Letels rete~rad to be a~t pr+a~tl a~d tall~ ~aid ~vitii~
a(ter tbe ~ra ~wenll~ bet«ne~ dre a~d Pqabk. ~r i! e~ a~d ere ~ !flteE+n i~r ~ext
4 ~tiprladens, r~eeemeou. ewditiw a~d eevenaw s~id
Pc'~iwt'~ w~te a~d t16r de~d~ or eitleer~ ~re ait tall PertKmed. cwut~ti~d wit~ aad abidwl b~~ tbe wd a~pepee sum u~eotioaed ia
~rid pnmiwr~ wts ~11 betMne dre asd parable ~ittb«rit6 ~r t6e~after ~t ebe v~tisa ~i tLe Mottdatee y fall~ aad e~npletely ar
it tbe s+ua ~krep~e ~un wid prNOiaorr r~te w~ ori~ll~ aipulatcd t~ be n+id ee secb drp, mrti~i~~ i~ ~aid prw~iwry ~e
or h~ereir t~ tre es~trw~ n~twitlntwdin~
(i1 Th~ ia «~der t~ accdentm drt maturitr rf t~e iadebeoieM Iroreby ~ecured, beci~ue ~f t6e failure ef tbe ll~rt~RK W7 ~r
t.x, wewnewt. Ii~biUry, ~?liptiN ~r encsa?brenue upNe wid ~nperty. r bereia provide~ it r6ell oot be aeeaNrr~ K~equi~ite ~t
thc n?ort~aeee ~hrll 6rst p.~ t6e wne.
2. 'The Mortaaaee may, ~t bie optiao, and witho~t wai ' lus right to acocierate tht indebtedneas htrGby
secured wd ta fnreclo~e the ume, pay either before ar aftcr de ' quenc~• ~ny or all of tha~e certaia obli~tiona
cequired br t6e u~ hereo~f to be p~id by the Mo~. or for tbe prntectioo. of the mort6age security or for d~e oollec-
tion of the indebtedneM hereby secured. All sum~ so a~va~ced or p~d by xbe Mort~a~e sh~ll be char~ed inta the
mortgage account and becoma an inte~ral part tl~ereof, subject in all reape~cte to the terms, conditio~s, and coveaanta
of the afoe~eaaid pa~omiewry notc, and t6is mortaa~e, as fallr and to tbe same extent ae thouah a patt o[ the orignal
indebtedneas e~-idenced by said note wd eecund by this mortgase, excepting however, that csaid sume ehall be repaid
the Mort~,agee focthwith upan ita dcn~and and be in additioa to the reguiar monthly iastallmente provided by thc
~nortgage nott.
3. That ti~e abetract or abstracts of dtle coverin6 tbe morigagcd property sliall at all timcs, during the lij'e of
t~?ia mortga e, remain in poe~rsion of the Martaa~ce and in eveat of the forecloeuce af thie mort~;eae or other tratisfer
of tide to t~ n~ortgaged proptrty iet extinguishment of the indebtedness eecvred 6ereby, all right, title and intertet
of the hiort6agor ia and to any s~.ch ~bstracta of tide shall paa9 to t6e p»rchaeer or ~antee.
4. To the extent af the indcbtedncae o[ the Mort6s6or to the Mort~a~ee described herein ar atcured Lcnby,
the lliortgsaea u hereb~ eubco~•ted to the lien or liens and to thc rights of tlu o~rnere and holdero theroof of each
and every mort6aae, lien or other incumbranct on the land described herein which ie paid and/or eatia6ed, in w6ole
or in part, out of the prooe~dr of the loan de~cribed bereiun or eecured hereby, and tlie respective litne of said mort-
ga~gnes, lieiu or other iacumbrancta, shall be and tl~e eame and cach of them hereby~ ie E~reaerved and ehali pass to and
be held b~ the Mortga~ee herein as eecurety for the indebtedneen to the 111ortgage~ he~rein described or hereby eecured,
to the same extent that it r ould 6ave been per.served and would have heen paseed to and been held by the Mort~a~ee
had it been duly and regularly asei~utd, trsaeferred, set over, and delivered u~~to ti~e Mortga6+ee by aeparate dced of
u~i~u~~ent, notwithetandin~ the fact that the eamt may be eatieficd and cancelled of record, it br.in~ the intention of the
l,artiee hereto that the eame will be untiaficd add crncelled of rccord by- the holdcre thereof at or about the time of
t~~e rr.enrding of this mort~a~e.
5. In the event die ownerehip of the mortgaged premisee. ur an}~ part tlurevf~ becomea vested in a persoa~ other
than the Mortgag~r, the '_1'~ottgagee may, withottt notice to the Mortgagor, de~l with euch succeeeor or aucceedore in
interext ~sit~ refetence to thie deed and the debt hereby accured, in tl~~ san~e manner as with the Mortgagor withQUt
in a?iy war dztiadna or dischar~ing the i'[ortgaaor'e liability herrunder or u~on the debt hereby eecured. Iolo sale of
die ~~r~mieee hereb)~ ma~rt aged and no forbearance on the part of the ~lortqaRee, and no extension of the time for the
payment of~ the debt }~re~~• aecared givan by the Mortgagee shall o~rerate to releasr, diqcharge, modify, change or affect
the ori~inal liabiiit~• o[ the Mortgaxor herein either iu whde o~ in p~rt.
6. T}~e lien of thie deed eecures aad ehall continue to seeure pag-ment of said indebtednees or indebtednese,
i+owe~•er evidenced, whether by eaid promiesory note or aay renewa! or exteneion ihereof or eubstitute therr.for, or
otLerwiee;, until ail euch iadebtednea9 shall have bc;en fullr- paid.
!'n tlte ~~ent the mm~t~n~ors se!!, rn~tvey or h-a~~sjer thc T~i~nf~nged ~»en:ises dt~rin~ thc~ life of t)tis ~itu~t;!z~c~,
t/i~~i this mort~n~e shnll, at the o~lion of the ~'Ifort~a~~e herei~r, l~c•rn~ne imn~edintelv dz~e a~td ~n~~able fc~r the fi~ll stuii u/
the• princi~inl Lalance nnd interest then due.
8. The ~terme "Mortgaaor" and "Mort,~x6ec" whenever used iri thie inatrument a6~ll inclu~le the heire, personal
reprrAentativee, sucaeseors and aeai~na c?f' the reap~ctivt partiea hereto. Wherever used the eiogular number ehall include
the plural and the plurat the eingular, and ihe use oi any p;ender shall include ail ~endere.
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tii~ned, eealed and delivered in t9~e ~resence of: ~,.~--C-~~ ~Z (5~,~~~
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~.~L~,~l,6.C ~ . .~~~,r~i~ ~t_, L-C` 1-~,. ? <.y ~i'~..y f." ~rt-- / . EA ~
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STATF. OF FLORIDA
(:OUIVTY OF s~
°i~. CIE
Before personally appeared I~SII„IS CHIL7?S aYtd Sl.k~fDS& C$ILDS~ his xite~
to,~e.: ~vell kno~?-n and lr.nown to me to be the i~adividuala de8cribed in ana who execut~d the foregoing instrument, spnd
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acSi~iqwr`j~d~d ,before me ihat they executed the same for the purpoeee therein expreeeed. ~ITNESS my hand and
.,~'ic}a~ iesi'.iii~. the County snd State laet aforesaid thie 124h day of Rov~b+er, ~5.
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. ,~Espiree: . - Notary Public, Statt of r~"> " -
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~~F~~ttEp AND ~E Of4DEp . ~ U'; -
'l~t~- ?OOK
'65 NOV 2 4 .
A~1 ! 0 : 2 2
i:; ~ soo,~~~.~
ROGER I~~~-~ CLERK ~ - - . ~ I~
ST. LUCIC COUNTY,