HomeMy WebLinkAbout2363 D[Ktp~. L evewt d[oretlw~ of tbu mstt~a~e or otlur vader of titie t~ tbe m~rtp~ad pt+pert~ ia esun~i~hmeat a( t6e iwde~4
ed+~ ~eeured ~erebr~ rll ri~ht, title aud inicre~t et the Mart~or ia and to aa~ iruneee pelicia~ thes ia ioree ~haU ~ t~ tLe
wreS.MC or ~tltee.
'I's ~ai~+~y ew{?I~ wid~ a.d .hlde by a.c6 ~nd every t6e rtipul~tiw~„ a~reamorb, eesaitieu~ ~od cevenanea ia wid prami~wr~
n~tx rnd 'u trir deed ~et I~r~h.
(i) 'Y'6~t if a~r of Nid auw ot mene' Lerein referrod te be nat pr+mpttr a.d tallr p.i~ .+i~i. Afteen da7s ~a:t
dux tLt Nme ~erer+tlr b~eca+twsr due and ~?sr.bie~ ~r if eaeA aed everp tL~s stipu4uiwu, ~jree4eey. cooditi~rr ua csvasaen ~f aid
~c+m~ sote ~ed tld~ deed~ ar eit6er~ rre not fullr pcrio~ed~ coruplied Mic6 and .bide~i by, tbe wid ~~repte ~um meutiaoed ir
wid pna~i~wry sote ~ali beeome dne aad payable futt6wilh or thereJter at the option ef the Monsrsee a~ Fallr md e~mpldely r
~t Ihe sal~ pte wm ot asid proa~iwwy ootc wa~ oripally rtipul~ted t~ bc p~id o~ ~ncb d~y, aarthi~` ir raid prs~in~ ~
or heoeia t~~cowtnrr netwitlut~ntLin~.
( j) 'Ibrt iu ~tder N aetelente d~e autariq ~E t6e indr;btedaeM t+erebr ~acu~ed. Leeause ut tl~e (ailure d tbe blsrlaa;se~ t~ p~! a~r
truc, asrewneat, liabilit~. ~blipti~s er encnu+branrx upou wid propertr. a bcreie provided, it ~6all not be neee~s~e~ ~c requi~ice thet
~h~ ~~~oc~5.ae,c .6d1 6ru ~.y ttu .a~e.
2. The Mortaagee may, at his optian, atrd without waiving Lis right to acixler~te the ~na~bc~dne.. h~reby
~ured and to foreclwe the ~arne, pay either befor~ or sfucr deliuquenc~• any or sll of thos~ eertain obli6s'ons
reqnired by t6e ter~cu hcreof to be ~aid by- the Mortga or for ti~e protection of the niortgage aecurity or [or the oollec-
tioa o[ tl~e indebtedne~ heteby sccured. AIl b11Iq~ 80 A~vanced or paid by the Mort~age;e ehall be charged iato the
rnort~agE account and beeome xn integral part thereof, aubjeci in a!1 reapecte to the terme, canditions, xnd eovenanta
ot ihe aforr.said promiaeory note, znd thi,s aiortgage, as fully AOt~ LU~ the aame extent ae though a part of the ori~inal
indebtednees e~•idenced by Baid note and aecured by t6ue mortgage, esoepting however, that sYid eume shall be repaid
the Moriga~eee forthwith upon itg de~nand aad be in additioa to the reguiar nionthly installrnenta provided by the
~~ortgyge notc.
3. That tire abetract or abetracta of title covering the mortgaged pro~?ert7- sliall at all times, durin~ the lite of
t~tee mortga~e, remain in poestssion of the Mortgagee :nd in event of the iorccleeure of thie mortgage or ot4zer tranefer
of title to thc nwrsgaged property in txtinguiahment of the indcbttdneas aecured htreby, all right, title and interest
of the 11lortgagor in and to any euch abetracts af title ehail pas9 to the purchaeer or grantee.
4. "t'o ihe extent ot the indebtedntee of the Morigagor to the Mort~agee deecri~ed herein or se~ut~ed hereby,
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the lt'[artg~?~c~e is herebS• subra ated to the 2it~n or litns and to the righta of the o~ti-ners and holdere theceof of tach
and every morta~ge, lien or ot er incumbranse on the land described hetein which ie paid and/or aatia6ed, in whole
or in part, out of the prac~~ie of t~e laan dc~crnbed lxerein or secured hereby, and the rear?ective Iiens af said mort-
gages, liens or other incumbrsnoea. ehalt be and t~e aame aad each o[ theen hereb}~ ie preeerved and ehall p~e ta and
be held h}• the Mortga~ee her~ein as eecurity For the iadebtedneeR to the lliortgagce herein described or hereb~ secured,
to the saene extent that it w~ould have hicen prceer~~ed and would have heen paseed to and been hcld by thc Mortgagte
had it been duly and regularly aesi~ued, traneferrcd, eet over, a~id delie-ered uuto tLe Mortgagee by separate dcCd of
aPt+igument, notwitheundin6 t6c fact that the same may be aatie6ed and cancelleci of' record, it being the intention of the
liartiea liereto that the same will bt e?s~tia&cd and c~ncelled of rccord b~ the holderu thereof' at or about the time of
the recordin~ of this mortgaae.
5. In the event th~ ownerehip of the mortgaged pren?isee. or an}' parY thereof, becomea veated in a pereon other
than tlie Mortgagor, the '_1lortgagee may, withnut notice to tlie Mortgagar, deal witle euch succceeor or aucce~eors in
intereat with reference to thie decd and the debt hereb~ eecured, in the a7s~te manner $s with the Mortgagor wiihoat
in auy way ~-itiating or diseharging the Mortgagor s liability hereunder or upan tht debt liereby eecured. Nm eale of
tlie prentiees htreb~)~ mortga~ed and no forbearance on the part of the '~tort~a~ee, and no ~xtenaion of the time for the
rayfr~ent mf 'the debt hereb?- aeciered given by the Mortgagee shall operatc to releaee, di~cE~~rge, modify-, chenge ar afCect
tl~e orip~inal Iiabilit~~ of the il~fortga~or herein ei.ther in whde os in part.
fi. The lien of thie deed se~curee and ahail coatinue to eccure pa~~n~e~it of said indebt~dnees ar indebtedneae,
liowec•er evidenced, whether by said promiseory note or any re~ewa! nr extension thereof or eubstitute therr.for, ar
otlierwiae, until alt euch indebtednee9 eha~ll h~ve been full~~ paid.
7• I~t the ei~e~tt tlre mort,~n~ors sel[, cnnr~ey nr hn~ts~e~~ tlre ~ni~i•l~n~ecl ~re°n~ises dttrin~ t/te li~e ~f tlris tnort~n~e,
t/ien this mort~nge ,shnll, nt the optian of tiie Rfort~~a~;~r~~ h~reiri, l,t•~i~me intmedrntel•, ~luc n~ad pn~•aLle for tl~e ful! szcm o/
t/te pi~inci~al balarice nrid i~1lef~est thera due. ~
8. The terme "?Vlortgagor" and "P,iortgagee" ovhec~ver ueed in thie inbtrwnent Ahal! incluJe the heira, p~ersonai
repm,~eatatives, sucoeseors and aPei~n~ crd" tl?e respective partiee heret~, Wherever u~sed the eingular numi~r ehall include
the plural and th~r plural ihe aingular, and the u~e of ang• ~ender sh t1 ine.lu all genders.
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Si~ned, eealed;•~iddelive~~d ip tl~c presence of: r'~ . ! iy''~,, (SF.w[.)
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STATE OF FLOItIUA
COUNTY OF ~ g
3Y. UTC
Before nne pe aally appeared LILI~i D. HOIiGZ~f3~ a s~gls ac~ult~ bsissg t~n, ~sx~3ad xo~as~t'
ice me well known and known to iaos to be the iadividuaie deacribed in and who e~ecuted the fare~oiag inatrumeat, and
ackoowledaed bef~re me that ihty executed the aame ior the purposee therein expreaeed. WiTNE5~ my hxnd and '
, oA'icial se~l in the Countg~ and State laet aforeuid thie 1 f,b~ d~ty o1' llov e~~ 1965.
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M~' CQmrtiiseion Ex~irea: .
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