HomeMy WebLinkAbout1249 Motira`sr. In tveet o( (arecla~ure u( thi~ ir~ort~~e ur o?her us~der o( [itle to ihe u~ortpred property in eitinsui~}uuent ot t6r iadebt~
edoa. recumd 6ec~br, •ll ri6ht, tide •nd interest o( the MortF~~ar in aad tu anr ia~ur~nce policie~ then in fon~e ~hdl pau to tbe
purc6awr ur {r~ulee.
(6) Te pedorm, eompl~ rit6 ard abide by e~ch •~d evtry the atipul~tio~u~ asreomtotr, coaditione and covenrntr ia ?si~d promissory
notc ~ad ie tbi~ deed ~e: tonh.
(i) Tbat if m~ ol ~id ~u~w o( money herein re(trred tu !?e nd prumptlr and full~ paid wit6ia flitt~n darr sext
after tbe Nune ~evenlly becoroa due and parable, or i! each and e~•ery the uipuLtiona. •6reenants, eondition~ and eo~~cuanti o( wid
prami~N?~7' sote ~4d t6f~ deed, or either, are nut fully perfunncd~ co~uplicd with and abided by, tlac wid as~rt~te ~uou mentioaed in
said p~auia~ory oote ~4all beeome due and payable toirthw•ith w thcrerfter at the optioa vf tF~e VIo~iR+~6tt u fullr and ro~upletely a~
i( the wd ~~re pte ~~un ot aid promiwory note was ori6indly ~tipulurd tu be p~id oa •uch da~~, •nythin~ ib ssid promiuory r~te
or hereia to t6e eootnry notwith~t~ndina.
( j) 'Ih~t in ardtr t~ ~eeelente tlae maturitf af th~ indebtednrrn c~reby secured, irrc~wt u( th~ failure ot t6e Mortsasor to p~y ao~
t.z, aweuenent, liabilitr, ~bl'sptism or encu~nbt~nce upun s~id properir, •e t~ereia peovided, it ~6rll not be neee~sary ~r reyui~ite that
thc ~nort,r,aRer ~hall fir~l par tht ~rme.
l. TLe Mortaagee may, at hie~ uptian, pud wiihout wiiviug liis right to accr.ler~?te the indebtedneas hereby
secured and tu foreclose t6e eame, pay either befure or rfter ~CIlUt;UC[1C~' :111r or all of thoee cert~in +abligatione
required by the term» hereof to be paid b}' the Mortgagor fur the protectioo uf the mortgage ~ecurity or for the collec-
tion o[ the indebiednese hereby secured. All ~umb ec~ advanced or ~,aid by the Nortgagee ehall be charged inta the
mortgage accaunt and brcome an integr~i part thereof, aubjert in ;,II reepecte tu the termd, cat~ditiona, anai covenante
uf the afoc~aaid ~romieaory note, and thie mortgxge, xe fully and to the ~me extent aE thuugh a part of the ori~inal
in~~rbtednese eci ence~f by eHid note and aecured by thi~ mortgage, e~ceE~ti~g hu~rever, that :ai~d eums ahall be repaid
the ~iortgagee forthH•ith upon its de~uand rnd be iY~ additian te~ the regular monthl}' installmente provided by the
~nortgage note.
3. Th•rt tlie abHtract or abetracte of title co~~eri4g the murigaged propert}~ si?all at all tirnee, during the liie of
thia~ ~nortgage~ rems~in ia poeaesaioa of the :Vlortgagee xnd in r.~ent oC the forecloeure of thie mortga~e or other tranefer
of title to the nwrtgaged property- in extinguiahment of tbe indrbtedn~y eecured hereb}'. :+11 right, title and intereat
of the hlorigagor in and to any auch abetracts uE title eh.~li paaa to the pnrcha~er or grantee.
4. 'C~o the extent of the indebtedneee of the Mortgagor to the Mortgagee deacrihed herein ot aecured hereby,
the '~'Iortgagre ie hereb~• subrog~?ted tn the lien or lien~ au+i to the righte of the o~~ nere and holdere thereaf of each
aad ever~• mort~age, lien or othcr iacumbrunct on the land de~cribed hereiu ~.-hic}i ie paid and %or satisfied, in w6ole
or in part, out of the proceeds of the loan deacribed hereia or aecured hereby, aud the reepective Iienx of said mort-
gagea, liene or other incumbrancte, ehall l~e and the eiame and eacdi of them hereb~ ie preaerved and shall paee eo and
1?e held b~• the Mortgagee herein ae aecurity for the indebtcdneM~ t~~ the bZorigagee herein described or hereby eecured,
to tlie sanie extent that it Mould have been pre~er~~ed and would ha~•e heen aeeed to and bee~n leeld by the Mortgaget
had it been duly and regularly aeai~ned, traneferred, e~et over, and dc.livere~~ uuto t1~e :1'[ori~agc:e b}~ se~?arate deed of
a~i~unent, notN•ithetanding the fact that the aame may be aatiefied and eancelled of record, it be.iu~ the ii~tention o[ the
~?artieA l~ereto that the e~ame will bae aatisi'ied aad caneelled of recurd t~y the holdera thereof at or about the time of
tite rccurdin~ of thia mort~age.
In the event the oa~nerehip of the murtga~ea premiwrs, ur an} part tLereof, become~ veate~~ in a pereun other
than tl~e Mort~alt,nr, the '.1'IortgaKee may. without notice to the ~'Iort~agur~ deal M~ith Ruch eucces~s..x ur succeaeora in
iutereat w•ith reference to thia deed and the debt hereby eecured, i~ thr ~ame manner ai H~ith the ~tort~a~;or ~vithout
in au~• way ~~itiating or diecharging the '1'Iort~a~or'a liabilitti~ hereunder nr upc~n the ~lebt hereb~• ~secured. No sale oE
the ~remi~; hereb)• mortga rd and no forbearancr ot? the part of the )iurt~a~ee, antl no CXIPh9tOtl ~>f the teme Eor the
paymrnt of the debt hereb gaecured give~ b~• the Mortga~e~e eh•rll oper:~te to relea~, ~li9char~e, mn~lif}~, chan~e or afCect
the oriryinal liability~ of the :VJoctga~or herein either in whole or in part.
fi. 'i'hP lien of thie deed aecurea and ~hall continue to ~ecure ~~:i~n~ent ~~F ~aid in~~Ybtednee:+ or indebtedness,
I~oHr~~er evidenced, whether by said promi~aory note or an}• renewal or t~xtPnNion thereof or NUbBTIIUIP, therefor, nr
otlienvic•,e, until all auch indebtrdnee9 ehall have bee~Y full~ paid.
7. 11l ~~It' ('1~f'!!< <~1P Nl/)1~/~~1~/,~)'S Sf~l. (ntt~'f~1' ~~l IiYUt~~I~'t (~tt' )li~;il!~d~r'<~ ~~YPNlI~t'G i~21)~')];r tf!(' f~ftG 771~~1'1~„Til~~P,
1~7f11 ~{l1S I1i/~)~t~Q;~(' Sjl(l~l. ll~ 1~1C U~)tll))i O~ ~J1P i1t~)1~/;~~t'~'~'r' {rr')/':17. '~~'f nlltt' 11?1!)'i'l((Nlt'j'~.~ (~!tt' [Ili!~ ~)(I~(l~~1C ~O1' (~l,' fil~~ ~illll ~1f
tl~c~ j~rinrit>~I l~~t~a~trr~ rrn~l irile'rc~st tllen due.
8. "fhe terrns "itorigagor" and "Mortga~ee" wheneti•er uaed in thia irt4truine~it sleali inclu~le the hrirR, personal
ceZ?reientati~•ee, succesac?rs and ~Rei~ne of the revpecti~e partiec hereto. Wheeever nRed the rin~ular number Rhal~ inciude
the plural and the ~~iural the ain~~lar, and ihe ur+e of an}~ ~en~~er 9hail include all ~;ender~.
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~i~ned, aealed ancl ~ieli~ered in the pre~ence,of : . " ; . t . t~ ; ' ~ ~ (SF:~~.)
r ~ ~ ~ 1'~~ .~_~f '
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5"1'A'1'E OF FLOHIUA' ,
t:OUNTY OF' L~~! ~
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Bcfore me pereonally~ appeared IJQYI..~ HUGHES and 13E~.EN F~UGr'I~S, his wife~
to me well known ~nd knaa~n to me to be the indi~ iduala deecrit~d in a~d who ezecuted the (ore~oing inetrumet~ts and
ackuowied~ed before me t4?at the}• executed the earne fur the purp+~~ee thereia expre~aed. 'CVI'I'~'.~i~:SS my l~and and
o6eial BeAI in the Couut}' and State laet aforeeaid thie jT dr0.y of
ne~Cmbe s 1~~.
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M~• (:ommin~ic~n Expiree:~. ~ . , ~ ~ . _ \ntYrr' 1'uhlic, ltate of ~ ,
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