HomeMy WebLinkAbout1520 ~[~tppr. L~rewt ~ fKeelowce ~ tbi~ msrtp~e K~t6~r tr~ter ~t titb t~ d~ ~Ktp~ai p~e~t~ ia utiapi~6meat ~t t6e iadeb~
~i~w ~eerr~i ?w~br~ dl d~1. tid~ ~wd ia~erait ~f tLe AisH{~K u aad t~ a~~ i~rru~ee p~l~cia thea u~ f~roe ~11 par u ~Le
Mrrl~w~ ~r F~M«-
l?) T~ ~eet~ew. e~Pl~ wit? ad a~ide e~e6 a~i erenr tbe rtipn4ti«r, ~~ree~we~n, eNliti«r ~ai e~~oaub i~ wid pr~e?isNh
wNe as~ i~ t~ i~ed ~et fwtti.
lil 11~t if aa~ ~f ~ri~ s~ sMe~ herel~ cetetred t~ be s~t pt+w~pl a~d frll~ ~ wit?ia Atteea L~n ~t
~he~ t6e wuN Nw~117 bee~mM doe aea M)~We. ~r it e~ awd evecf ~ atipd~tl«~. aRe~mests. cwditiw a~d e~vcoaau ~t wIa
pe+~iwr~ Mee a~ tYh de~i. ~r cit6er, u~e w~t t~U p~etMOed. e«upli~ vit~ aad abided b~. tLe s~i~ aqrepte sw~ w~wiosed 'u
rid 't+miwr~ a~b ~Ld! bee~e dre asd pqable ~eet6~rith ~r tbe~ratte~ at tbe _ w `
~a optiN ~i t4 Moctp~es r tolir ~sd c«apletd~ r
it t4 ~ai~~~ps pa atw ~t saia prwi~~ Mtt wa~ Kipaa117 ~tipuluei t~ be Paid w weL d~Y. ~a~tW~ i~ wia pe~a~iwq ~et j
behla t~ d~s ewr~ w~twitMt~edia~.
li) 11ut iw ~nisr t~ aee~ers~ the m~tnrit~ ~t the iad~bted~es~ Lereb7 aecured. becawe .t ~he tul~u~e et ~is Y.n~a~ a p.~ a.~
tax+ aMe~nt~t. W?ili4. ~iliptiN ~r e~ew~brasce up~~ wid K~P~~7. y 6crw pcovided~ it ~all wt be ecce~aq ~e e~equi~ite t6~t
thc a~~t~,asee iail 6nt pa~ tlse w~e.
2. T6e Mortp~ee mny, :t hia optiaq and wit6o~tt waivu'~ lii~ ri6ht to acoelente the indebtedneN hereby j
~ecured snd to foreclo~e tbe ssme, par eit6er be[ote or after delinquenc~ any or all of those certain obli6ation~ i
reqoiced by t6e tcrsu hee+eof to be paid b t6e Mort~a or for tLe protectioa of t6e mortaxae aecurity or for tbe oollea
y~~ 6 x
tion af the indebtedneN hereby ~ecured. All sums w advanoed or paid by the Mortaagee ah~11 be charaed into the
mortpse accouat and beoo~me aa intear~l part t6ereof, subject in all respecta to the tenm, conditions, and covenant+~
o[ tLe aforesaid pro~niswrp notc, aad tLis mort6a~e, a~ fWly and to t6e ~ame ~~tent as thoush a part o[ the orisiwl ;
indebtednw c~~dcnced by seid note and sccured by this mort6a~e. e.~oeptin6 however, that said s~as ahall be rtpaid
the Mortaa6ee [orthwith upon ia dewand and be in additio4 to t6e se~ulsr monthly inatallmeats pmvided by the
~nort6s~e note.
3. That tbe abstract or abstncts ot tidc ooverin~ the rnort6ased prnpcrt~ sliall at all timea, dur~'n~ lhe life o[
this moitda~e, remaia in powe~aion o[ t6e Mort6aate and ia event of the foreclosure d thie mortgaae or other tranefer
o[ tide to the mortaa6ed property iu e:tin~uish~neat of tLe indcbtcdness secuc+ed 6ereby, a!1 ri6ht, tide aad interes*
of the Mort~a6or in aad to any s~ach abstrada oi title ahall pas+ to the pnrchaser or gnntee.
4. To the extent of t6e indebtedacs~ o[ tl~e Mortaaaor to the 1_Nortaa6ec described herein or secured hereby,
the Mortg~aee iu her~b~ subroaated to the liea or lieos and to the ri6hts of the o~.ners and holden thereof of eac6
and every mortaaae, Gen or other iucumbranoe on t6e land dexribed herein which is paid and/or satiefied, is ~rhole
or in part, out of the prooeeds of t6e loan de~cribed htrein or aecund hereby, and the rcapective licns d ssid mort.
saaa, lieas or other iae~mbrane~, a6a11 be and t6e same aad each of them hereby u preserved and shall pass to and
be held bp t6c Mottaa~ee hereia as security for t6e indebtedneee to the 111ortga6ee herein describcd or heceby ~ewred,
to the same eztent t6at it Nould 6are been praerved and would 6ave i~een pa~eed to and bcen hetd by the Mort6aaee
had it been duly and lady aasiaued, ttane[erred, set over, and delitiered uuto the Mortgaaee by eeparate deed of
iaei6tunet~t, notwidh~h~ !be fact ihat tLe same may be satis&ed and cancelled of reoord, it beina the intentioa o[ the
j~arties hereto that the same will be ratia6ed and canceUe~d of record by the holders thereo( at or about the time of
thc rrcordiaa of thi~ moriaa6e.
S. In the event the owncnhip of the mort6a6~d premi~es~ or aay part tliereof. becomea veeted ia a penon othu
than tLe Mortaa6or, the '_liortaa ee may. withont notice w the Mort6agor, deal with auch auccc~aor or succdeon in
iutereat wzth t+efereaoe to this ~eed and the debt hereby secured, in the same manner aa with the Mortgasor without
in any way ~-itiatia6 ot dischar~in6 the Mort6a6or
~}iability het~eunder or upon the debt hereby secured. No saie of
tl~ premise~~ hereb}~ ntort~a~a ~d no [~~n.,~e on ~he wn oi th~ !titon~g~, and no extension of the time for the
payment o[ the debt herebj iecuc+ed aiven by t6e Mort~a~ shali opente to release. dixl~arse, modify, chanae or alEect
the ori~inal liabilit~ of the Mort~~or hereia cither in ~rhole or in part.
6. The lien o[ thie deed eecura and ahall continue to secure pa}ment of eaid indebtednase or indebtednea,
I~owe~er evidenced, whether by said protni~sory note ot any renewal or e:tension thereof or aubatitute therefor, or
otlierwise, nntil ~11 such in~ebtedntsa shall ha~ve been [ulh paid.
7. In th~ ~vent th~ morfgagors s~ll, conv~y or trans/er the ~norlgnged premises duri»g the life oj t):is mortgage,
then this mortgage s/rall, at the option of tht Dtor~gagee he?-ei~i, Lecome imm~diately due a~rd payable for tht ~ull sum oj
the princilial balance ~nd inttrest then due.
8. The tern~s "Mort~aaor^ aad "Mort6aaee" whe~ver uaea in this instrument a1~a11 include the heire, personal
repra~entative~. snooessora aud assi~ of the reapective padies hereto. Wherever used the eio6ul~r nwnber shall include
the plnral and the plural the ~in~lar, and the use of any ~nder a6a11 include all 6mden.
~Z~ 1 ~
Si6aed. sealcd a d ve ' the presence of: 7L . SgN.
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SfATE OF FLORIDA
COUNTY OF ~iXaB ~
ST. IAC
Before me petwaally appeared AH~B LSR COLI.T]I3~ an unaal-~i~d Momn~ slso ]u~om as ~x~~~
to me weD known and known to a~e to be t6e individaals deacribed in and who esecuted t6e forc6oin6 insirt~ea sa-d
adcnowled6ed before me t6ai they ezccuted the aame tor t6c purpoees thcrein e:p ~ITNESS mr h.nd and
oicial ~eat in the Coatnty and State last a(oreuid this 4th dsy of Fsbro~euey~ 966.
`/~o/`~ r ' ~ , - - - :,:..;._.',Y .
Mr Commiwion Espires:t ...~,.t,.t;-~.~t~F. ..=L Notary Pnblic, State of Floridat . -'.G'
,,.:ri. FIIED AiD,P.EC~~~oOK . _ :
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4 PM 2 . 26 -
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. 57' L FLORIDA BOOK z.l
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