HomeMy WebLinkAbout1422 Cur File l~1t~23b
Dt~rtp~. L~Yeat .t t•reel«iue ot tbiu mortp~e K ot6er traader ~t title t~ tl~e m~ctp~d pnpe~tl ia es~io~ui~luneat ~t ~6e iadeM-
edaw ~eeured kerebr, dl ri~ht~ title ~ad iatemt ~t the 11[sn~o~ i~ wd t~ ~or iwurance p~licia tbe~ iw t~ree ahall psa t~ 1be
puce6a~er ~r Ra~tee-
l6) T~ pe~f~tm. eMp17 ~ritb a~d ~bide br eae6 aad erery tbe ~Ripal~tiom. aaeewe~ts~ e~aditiow wd covenaau is wid K~miw~q
nete wd ia t?i~ deea ~et t~rt6.
(i) Tbat J u~ ~f wia ~ww ~t ma~e~ beretw retened t~ be s~t pr~a~ptl a~d t~ll~ paii ~rit6i~ !!lteea d~~n ~t
dter tLe suoe ~ercrall~ bee~ue~ dee asd p~~able. ~r ii eac6 awd evcq ~ stipulatioas. a`reements. coaditioas asd c~veuanb ~f aid
P~~4 ~ wd t6i~ deed. K eitl~. are ast tull part.~d. eaupl;ed ..i~6 and abided br, t6e wi~ a~~rePte ~wa mew~ieaed iw
~aid pro~ui~wq pte ~Lall beeome doe aad p~~~ble ~oethwi~ ~r thereafte~ at tbe optios et t6e Nortsa~ee as taU~ ~ad eempletdr a~
it t4e said akcepte smn .t ssid pro.~i..ory aae .+as eriaoallr a~pu~~ted N be vaid o~ weh d~~, mrthia~ u~aid pniiwq u~s
or hereia t~ tbe coetrarf ootwitMtaadin~.
l)1 Th~t in order t~ ~eeelente tbe auturitr ~f the indebledseM 6erebr ~eeured. bee~use o( the t~ilure ~f t`e ~lwtp~K t~ pa7 u7
tax, wcsuneat, liabiliq, ~lipti~w er eaem~braare uyow wid ~pertr. a~ hereis provided. it ~hall aet be eecenaq K rcyuisite t6at
the u~octsa6ee shall 6nt p~~ the wna
2. Tl~e Mort6aaee inay, at his option, and wit6out waivina lus ri6ht to acoelerate tLt indebtedna~ hereby
secured and to forecloee the same, pay either bd'ore or aftcr delinqueac~ ~ay or all of those eertain obGaations
required by t6e terras 6ereof to be paid by the Mortaaaoc [or the prntection o[ the niortgage aecurity or [or thc oollea
tion of the indebtednas hereby secured. All aum~ so advanoed or paid by the Mortaagre ehall be chtraed inlo tLe
mortgage account and become m inte~ral patt t6ereof', subject in ~Il respects to t6e ternie, conditions, and oovenanta
of t6e aEoc~esaid romissory note, and t!w mortaa aa fnlly and to the wme ~~tent as t6ouah a p~rt of the oriainal
esa p
indebtedness evidenced by said note and secured y this mortga~e, ~~oeptin6 huwe~~er, that said aums shall be npaid
the Mort6agee forthwith upon its deuiand and be in addihon to the regular monthly in9tallments prnvided by the
inortg~ge notC.
3. T6at tl~e abetract or ab+trac4 of title coverina t6e mortgage~l propert~ sliall at all titncs, durin the life o[
t6ia ~nortgaae, remaia in poese~sion of the Mortaagee aad in e~ent of the forecloeure o[ thie mortgaae or o~r transfer
of title to thc niortgaged property in extinguiahment of the indebtedaess eecured herebr, all ri6ht, title and intereat
of the ~1lortgaaor in and to any such abstracts of title shall pas9 to the p~~rchaeer or grantee.
4. 7'o tlic extent oE the indebtedness o[ the Mortasaor to the Mortgagee described herein or aecured henby,
the 1_liortgagc~e u hereb~ subro~ated to the lien or liens and to the rig6te of tl~e o~~ners and holders theceo[ of each
and every mort6~ge. lien or othcr incumbrance on the land de3cribe~l herein ~.hich ie paid aad/or eatiefitd, in whole
or ia part, out o[ the proceeds of t6e loaa described herein or secuced hereby, and tl~e r+eapective licna of uid mort-
ga~es, lieas or other incumbranoes. ahall be aad the saa~ and each of thein hereb~- ia preserved aad e6a11 pas~ to and
be held b~ t6e Mort6a6ee her~in as eecurity for the indebtedneex to the l~iortgagee hereia described or herebr sccured,
to the 6amc e:tent that it Mould have }~een pe+esened and would ha~•e t~een paseed to and bcen held by the Mortaa6ee
had it been duly and re6ularly aeai~ed, tranaferred, set over, and ~ieli~ered uuto tl~e 11'Iortga~ee b} separate deed of
:u+~igwnent, notwithstandir?a t6e fact that the eame may be satisfied and cancelled of record, it bein6 the intention of the
~~artiee l~ereto that the same will be eatisfied and cancelled of record by the holdera thereof at or about the time of
the rrcordin6 of this mort~a6e.
S. In the event the ownerahip of the mortgaged pnmix0. or an~- ~art tl~ereo(. becomes veated in a persoa othtr
than tl~e Mortgagor, the '.liortgagee may, without notice to the Mort~agor, deal with such aucceseor or aucceeaon in
i~?terext with reference to thie deed and the debt henby secund. in tl~~ same manner aa Mith the Mortgagor without
in •ruy war ritiatin~ or disc6aqqing the ~4(ortga6or
a liability hereunder or upon the debt hereby aecured. No sale of
tl~e premieea }~ereb • mortga~rd and no forbearance on the part of the '_ltortgagee. and no extenaion of the time for the
payn~ent of the de~t hereb~ secured given by the Mortaa6ee ahall operate to relexse. di+cl~arae~ modi~y, chan6e or alfect
the ori~inal liability ot the ~Jortga~or henin either in ~rhde or in part.
6. T{ie lien of thie deed secures and ehall continoe to aecure payment of said iadebtednea9 or indebtednesa,
~ hoMecer evidenced, whether by said prnmissory note or any nnewal or e:tension thereof or eubstitute ther~for, or
; otl~erwiee, uatil all ~ach indebtedne~ ehall have been full~ paid.
i
7. In tlie event tlre mort~~gors sell, co~tve~~ or trnns/er ll~e »torlgnged premises dtirin~ t/re lije o( tliis mortge;?e,
11ien t/iis mortgn~e s/inll, at the option oj tht ,liortgag~e hereiri, berome inrmedic~~ely due a~:d payable for tlie fttll su~~i oj
i t/1e pri»cipal GnlancP niid iriterest t):en dut.
f
8. The terms "Mortga6oi' and µMOrI~a6EE~ whenever used in thie instrument sl~sll include the heirs, pereonal
trprc~entatives, sucoe~sora and aesiRns of the reapective partiea hereto. Wherever ueed the ein~ulrr number ahall include
the plaral and the plural the sin6ular, and the uee of any gender aball include all gendera.
Si ed. sealed and delivered in the reseace of :
~rn P ~~Y~1 _ . - - !~ti - (S~)
v ~ ~
~~,Ca~c- . - - - - . . - - -----(S~)
STATE OF FLORIDA
COUNTY OF~ ~
S"P. LtT JOHI+INY 8. B09TRIGHT, an unnarried man, being the widoxer
Befote me ally ap red i J i~
to me well knawn and known to me to be ~ i~ndividnal~~n`~Cdtin and who ezecut~d the foreaoin6 instrumeat, and
acknowled6cd beEo~+e me that tLey esecuted t6e wme (or t6e purposes therein e~cpre~sed. ~ITNESS mr hand and
ofcial ~ea! in tLe Conaty and State last aforaaid tbi~ llth day of 1966.
. ~
T~ARL R. A~~ERY j r~'",,
' . _
- - ~ %
NOTf:RY F'JS'_IC. ST,~iE ot fl~?IDiat Li,RGE - '
ti~•r cc':i:;ISSiU;I EXPIRES JUt1E 30. 1967 = 1~ :~O =
My~r.on~i~sion F~cpire~: Notary PabGc, State of Flori _
Ep~3`O fi~--- j•`~ ~ =
~ C~ pED ~ ' ~r,j G : =
, ,~~L : - ' `f.lt ~,NjD1.~~!a~~K ~ . .
- ~ ~ - ~ _ l2:':'•`~~.::
~ ' `?,~~CGG~ ':r.,~:: ~
. - - - ~ 10' 36
- . 'T~ i;:_~°~. t~.~ 23 ~
- ~ j..~.35~~~~v~`RK 0 R ~
~ r.. - R~G`~; , F,.~:.o~N1Y. sooK141 219
s-r. ~v ci ~ ,c ~ -
F~ORIDA _ ~
~
_ ~~m 5. _ . . . . v _ .1_ _ ~ ~ ~