HomeMy WebLinkAbout1396 ,Ur fl~"r. 1-l~~~Cl
Morip~. I~ ereet ~f 1Meclw~re o1 tbiu mertp`e or sther trru(u et title to the moriH~ed pr~pert~ in eatin~isluueat o( t6e iadebt-
edaw ~ecund 6erebr. ~U ~i~ht~ tide u~d iute~c~t d the 11[o~t~o~ iw aad t~ mr iwunnce policia thea ia torce dull pas~ t~ t6e
pu~r6re~ +r ~utee.
l`) To pe~f~em. ewpir ~rit` a.d abide br eae6 ud erecr ~he .~ipal.cioes~ a~reemeats. eonditioeu aad covcamb is wid promi~r~
e~te ~ad i~ tLis detd ~et tKth.
(i) T6at it a~~ ~t wia ~rmr ~f m~aer berein refe~red t~ be nd promptl aad tullr p~id withia ritteen d~» weit
dter t6e wse ~evuaU~ beesioa dYe aad pqable. er it cse~ :ad eveqr ~ tI1~ltlallOq~ a~[ltlYlAl~. conditioe~ asd eoreuanb ~t wid
p~omiwq sote aed tLi~ deed, or eitber. ~re ~wt inllr pe~io~wed, eo~upiied .ri~ .,~d abided br. tbe wid a~scepte ~wn meatieoed ie
~aiJ praui~sory oote ~6d1 beeome dtie aad p~rable tort6Mit6 «r thereatter st t6e optioa ei 1he dort~`ee a~ tall~ aad eompletelr ~
it the ~aia ~~e pte swa oi ?ud promiswq aae rrw orisindlr ~tipulued t~ be atid o~ suc6 d~). aaythins ia wid pr~~in~ Nte
o~ hcreia to t6e coatnq not~rit6umdiai.
I11 '~at ia orde? u aeeelerate tLe auturitf ~f tbc iadebtedseM la~ebr ~ecured, beca~ue o( the tailure o( tLe MKtp~~~ te pa7 +~7
t~x. weweaeat, liabiliqr. ~blipti~w or ene~unbrance u~wo wid pcopertr. u hereia pro~ided, it ~6a11 not be aece~ap K requuite that
Ihe u~ortsa6ee ~hall 6rn p~r t6e wae.
2. TLe Mort6aaee may, at his optioa, and without waivina Ws right to accelerate the indabtednea~ hereby
aecured and to foeeclase the same, pay either bd'ore or a(ter delinqueocy any or all o[ thoee certain obli6ationa
required by t6e terau herwf to be paid b~ the Mortga6or [or the prntection ot the mortgage security or [or tbe oollec-
tion o[ the indebtednea~ hereby aecured. All sumr ao advanced or paid by the Nortgagee ahall be charged into the
inorigage account and become an inte6ral part tbereof. aubject ia all reapeets to iLe tern~e, conditions, and covcaanu
i~ifidebtedness e~~-idenced by
enid notedan aecuce6d by thisumortg
ge.~e~oeptiog huwener,eth tusa daeume hall~be paid
the Mortgagee forthwi~h upon its deniand and be in addition to the regular n~os~thl~ installmente pmvided hy the
~~iortgage nott.
3. That tlte abutract or abatracts o[ title coverin6 the morigaged propert~ ~Iiall at ell times, durin6 the life o[ -
thie ~nortgu6e. remain in poeee~eion o[ the ;~Iortgagee and in event of the forecloeure oC thie mortgaae or other transfer
of titte to the mortgagcd pmperty iu extinguiehment of the ind~btedneas eecured hereby. all right, title and intereet
of the 111octgagor in and to any auth abairacts of title shall ~~ass to the pnrehaecr or grantee.
4. 'I'o tht e~tent o[ the indebtedntes of tl~e Mortgagur to the ?Miortgagee described herein or secured heceby,
thc '1~ortgagre is hereby submgated to die Gen or liens and to the rights of tlie o~.nera aad holdere thereof oi each
~nd every mort6~ge. lien or other incumbrance on the land described herein Nhich ie paid and/or satie6ed, in wLole
or in part, out of the proceeds of t6e loan described herein or ~ecured hereby, and tl?e reapective liens of said mort-
~a~ee. liens or other incumbrances, shall be and the aame and each of tl~e~n hereb~- ie ~~reserved and ehall pass to and
I~e held b~ the ~1lortgagee hereia as eecurity for the indebtedne~u+ to the A'Iortgagee herein described or herebr eecured,
to tl~e same extent that it Nould 6ave l~ea pc~eser~ed and would ha~•e been pasxd to and been held by the Mortgagee
I~ad it been duly and regularly aeei6ued, tranaferred, set over, aud delir-ereei uuto ilie 111ortgagee bp separate dced of
a`:i~unent, notwithatandin6 the fact that the aame may be aatisfied and cancelled of record, it bein~ the intention of the
~~ariies l~ento that the same will be uatis6ed and cancelled of rccurd by ihe holden? thereof at or about the time of
the rrcordin~ of tlw mortga6e.
S. In the event the ownership of the mortgaged premi+ra. or an~- part tliereof, becomes vested in a person other
than tl?e 1liortgagor, the '_1lortgagee may, without notiet to die Mortgagor. deal with euch eucceaeor or succeaeon in
iuterext ~+ith referencc to thie deed and the debt hertby secured. in tl~~ qame manner ax with the Morigagor wiihout
in :u~~ way ~-itiatin~ or diechargin~ the '~ioH~agor
s liabilitp hereunder or upaa the debt hereby aecured. No eale of
tl~e i?remiees l~ereb • mort6abrd and no forbearance on the part of the '_11ortRagee, and no e~ctenaion of the time [or the
~~ayment of the de~t hereb~ secured given by tht Mortgagee shall operate to releaae, ~li`cl~ar~e~ modify, chan6e or alfect
~ the ori~ nal leabilit~ of the 1+Iortga~or herein either in whde or in part.
'4 fi. Tl~e lien oi' this deed aecures and ehall continue to eecare pa~•nunt of Faid indebtednea+ or indebtedneae.
i I~ow~ecer evidenced, whether by said promissory note or any renewal or exteneion thereof or eubstitute ther~for, or
E otherwiBe, until all auch iadebtedne~ ahall have been fulh paid.
F 7• I~t tlee ez~enl t/ie inm•l~n~ors srll, cm~i~e~ nr tra»s(er U+e mnr~Gn~~d prrmises detrin{ t/re lije of lhts nror-1~rr~e,
~ ~Iren tlris mort,~?n~e shnN, nt ~lre ~~plion o/ ehe .lforlQa~~c herein, l~e~mne immPdinlely duc nrtc! ~nyable ~or tl,e ful! sru,r of
~ tlrr principal Gntnnce n~rd inleresl tlit~: due.
8. The terme °Mortgaaor" and "Mortaa6ee" wheneyer used in this inatrument sl~ail include the heirs, pereonal
re~?reaentatives, suceeseors and aesi~~os of the respective partiee hereto. Wherever ueed the Aingular number ahall include
the plural and the plural the sin6ular, and the use of any Sender ahall includt all gendere.
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~ tii~;ned, sealed and delivered in the presence of: ~ ~~~~'~'PL~~-- (Ssn[-)
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- _ - - - - - -_...(Sswt.)
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~ 3TATE OF RIDA
COUNTY OF~7I ~
ST. IAC
Be[on me person ~ appeared H. C. DAVIDSON and BLANCHE DAVIDSON~ his 4?ife,
Y to me well known and known to me to be the individaals dacribed in and who ezecuted t6e foreaoin6 inetn~meat, and
" acknowkd6ed be(ore me that t6ey executed the same for the purpoees therein ezpreieed. ~ITNESS my haad and
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oAicial real in the County and State last aforeaaid thii llth day of 1'4arch~
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~ L R. F;'.' ~ !i'i
~:~'.:~FY 1-:~~: ~ - cT • f - °
.u-~l -.~•i' 3~ ~ _
~ b'Y C~..,.:ISS~;;'1 Pirc, JU~~E,~30. !?01 ~ "
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~ Mv ('•ommusion E:pire~: ..~%Q .~P.~ otary Pu ic, ta of Flo]cid8 =
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~ ` ~ ~ FILE~~RECORDED - ~ ~ ' ' =
j; 1v~t:0l~R~OK _ " ~ ' ~
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~ ~ ~ ' 6 ' 22 FF1 2 : 25 - - . - .
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~ , ~,~RO~~:. , . . CLERK R 141 193
~ ~ ST. L'JCi~ ,COUtJTY, 6COK
~ ~ ~ • ~ FLORIDA
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