HomeMy WebLinkAbout0692 ~e~tppr. i~ evat ~~ceelw~uc ot tbL mertp~e K~t6er tr~tet ~t titla t~ t6e ~eti~~ P~~7 ia estiepi~luasat ~t tbe i~deb6
ednew ~ee~ee~ ~e~ebr. dl ri~h1, ti11e ~ 111tEfMt ~ tIi! MNi~K iw wd t~ w~ ia~nrmct p~luia t6e~ i~ tKCe shall paN t~ tLs
~tl['c~YK ~K ~RMIRC.
l~) Ts pe~t.~. e.opl~ ri~L a.~ a4ias br e.ek a.i e.e~r ~ aip~la~t.a.. a~reea~e~ts, e~wditi~w and c~vcoawt~ i~ ~aia pr«ai~q .
nrte aod 'u tW ~ed ~t (Kt~.
li) 11~t it aq ~ wii ~f is~e~ herelw refe~red t~ bt a~t l++~Pd a~d f~{l~ pi~ ~rit6i~ lltteen ,a» west !
atux t6e w~ae wretallr beeenw due aed aYable, K it We4 awd ereqr ~ stipuls~ioati a~rec~c~w. c~oditie~ aai e~rcoaw ~t ~aia
pfomlM~[~ Nt! qJ t~ ~sl~~ K eit6er. are e~t !aU pe~~rm~d. co+uP~iea witti wd abidei d~. tLe wid a~pspte aua me~tiesed 'u ~
wid yr«eiwq a~?e ~la{! bee~ doe aad pa7~bk ~irt6~rid~ ~r tbeceatter u tLe optioa ~i d~e ~loutsa~es a~ tall~ and e.mpladr
it tbe ~aiJ ~~ee pte w~a ~t ~aid predi~~ wte ~ra~ eri~isdlr ~tipW~td t~ be oaid o~ wel~ d~Y. aaptiu~ i~ said p~iMKT aMa ~
or hercia t~ t6e eaitn+7 o~tr?itlaqadin~. ~
Ii1 Tbat ia ~cd~ u seceleeste t6e nyuuit7 ~f tLe iudebted~ 6ereb~ ~ecured. becawe d ~he bilure ~t tiis YKtp~ n p~ ~1
ta:. we~r+neat, ItabiWp. ~iliptiM K eweWnbrance ~aid ~SpeAr. r becei~ provided. it a6a11 aot be neoewq ~c oeqrisite t6~t ~
tbc n~~.tyaaee ~a116n1 pq tl~e wae.
2. The Mort6a6ee may, at his optiao, and without wu lw ti6ht to +~coelerate the indeb~edne.. bereby ~
secured and to forecla~e the ume, pay either before or a[ter d~qucacy an or alf of thoee oertaia obli6ationa ~
nqaired by t6e tenn~ 6ereof to be paid by the Mort~a~ar for t6e protection at t~ ~~a~~ .«uri~r ~ cor ~ o~u~ '
tion of the iadebtednas hereb~ ~ecured. All sums w advaa~xd or paid by t6e Mortaagre ahall be charaed into the f
mort~aage accoisnt and beoame an inte6ral part thereof, wbject in all respect~ to the ternu, conditio~u, aud covenanta :
of the aforaaid pro~nis~orr aot~ and t6ia mort~a~e, a~ [nlly and to t6e sam~e exteot as t6oush a pari of t6e oriainal
uidebtednea~ e~idenced br said note and aecund by thia mortga~e, e~oepting however, that said awna ~hall be eepaid
the Mortaaaec forthwith upon ib deiuand aad be in addition to the re~ular mouthly installments provided by the
inoct6+~ge nota
3. 'fhat tl~e abatract or abstcacts of tiile coverina the mort6aged propert~ sLall at all times, durin the li[e of
thia raortga6c, rwnain in powewoa of t4e Mort6a~ee and in eveat o[ thc foreclosuce of this mortga~e or o~ traa~fer
of tide to thc mort6a6ed property in e:tinauishment of tLe indebtedueas eecured 6ereby. all ri6ht, tide and interest
of tbe 111ort~or in and to any s~ach abtracts oi tide ~hall pas~ to the p~~rchaser or 6rantee. ~
4. 'I'o t6e exteat of t6e indebtedaees uf the Mort~or to the Mort6aaee described herein or secured hereby, ;
the ~iortga~e iu hetrby subro~ated to the lie~ or liens and to thc ri~hts of t1~e o~.-nere and 6olders thee+eof of each ;
and every mortsaae, liea or other incumbrance on tLe land deacribed herein which is paid and/or satiefied, in ~rLole ~
or in p+?r~, out o[ c~ prooeed. of th~e lo.n d~.cr;bed be~+ein or ,ecu~d h~~+ebr, and tlie reapective lieaa d said wort <
aaae.s, licas or other incumbranoe~. siult be aad tbe saare and each of them hereb?- u preserved and shall pas~ to snd ~
be held b~ the Moet6aaee herein ~ aec~uiq foc the iadebtedneas to the 1liort6agee henin described or hereby ~ured,
to the same extent that it Mould Lave beea prderved and would have been paesed to and been held by t6e Mort~a6ee
had it been duly and ady aad~~ed, ttana[ernd, ~et over, and delir-ered uute the Mortga6ec by separate deed of
a~ai~unent, notM-it16;a~ the fact that the same may be aatis6ea and caneelkd of reoord, it bein6 the intentioa of the
~,arties hereto that the same will be satisfied and caneelled of rccord b~ tl~e hoiden thcreof at or about the time o[
the recordin6 of this mortaa~e.
S. In the event the ownership of the mort~ed premixe. or any part tlureo[, becomea vested in a pecron ot6er
than tlie Mortga~yur, the '~iortaagee may, wit6ont notioe to t6e Mort6aaor, deal with such snc~x.~sor or sua~a~on in
intereat w-ith nient?ce to this deea aad the debt hee+eby secured, in the eame manner as with the Mortaasor without
in auY way ~ztiatia6 or d'uchar6in6 t6e Mart6a6oc's liability heseunder or upon thc dcbt hereby secnred. No sale of
tlie premied+ hee+eb~ mortaa6ed and no forbearancc on the part of the ~iort6a6ee. and no extcnsion o[ the time for t6e
paym~nt of the de t herebf secnt+ed aiven by tlte Mortsaaee shall operate to r~eka~e, diecl~ar6e, modi[y, chat~e or a~ect
the ori~inal liability of thc MortEs~on c~rein either in ~rhole or in pa~R.
G. The lien of this dced se~.-urd and ~hall oontinoe to aecu~+e pa~md~t of eaid indebtedneas or indebtednew,
l~owe~er evidenoed. whether by said pro~nie~ory note or any reacwal or euten•ion thereoi or aubstitute therefor, or
oti~erwiee, nntil all wch indebtedne~e ahall have been fnlh paid.
T. In the ~vent the mnrlgagors sell, co?ivey or truns/er Ihe mortgaged premises during the life of tliis mortgnge,
' lhen this mortgnge sholl, at t/re op~ion of the 1ltortgagee )rerein, become immedialely due nnd payable /or the full sum oj
j the pri»cipat 6nlnnce nnd intertst then due. _
E 8. The terma "Mort~or utd "Mort~a6ee" ar6enever need in this instniment sl~all include the heirs, personal
~ repre~entativei, suaoesaors md assi~ns of the respective parties heeeto. Wherevtr used the ein6ular number aha11 inclnde .
the plural and the plural the sin6ular, aad the uee of any sender s6a11 include all gcadcrs.
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~ Si ed sealed and delivered in the presence of: `1~ ~r~!"'.----.~.
.~a-c-o-~~.~c ~ _ _ _ _ . _ . . . _ - _ _ - (S~)
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STATE OF FLORIDA
COUNTY O~
sT. Lvc
~ Beton me pe~.lly appeared Hr~I,LIl SCOTT~~H,lil~iIGZ~TON,~~an~ unnarried wom~..n, formerly
to me well hnown and tno~wn to ~ne to ~~~d~t'Q~i~ri~'"i~'ind`ii?Ka'~~~u~ the fore6oin6 inatrumeat, and
acknowled6ed before me ihat they e:ecuted t6e ~ame (or the purpo~es therein ezpreNed. ~VITNESS my haad and
o/icial ~eat in the County and State lut aforaaid thi~ 11 th day of Feb ar , 1966 . -
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