HomeMy WebLinkAbout1775 Qtl?.' " 116 ,-~'1T~3 > >7?
M~rtp~ L eveat ~f l~reslesure o( tbiu mortpae e~,ether tnadet title t~ the m~rip~ed pnpertr is ea~tiaNi~luueat oI ~Le iadebt•
edna~ ~ceured he~ebr, aU rir6t. titla u?d iate~c~t ~t tt~a Mo~t~ae i~ ~ad t~ m~ ias~n~ce policie~ tbcw is l~rce sluil paa n tbe
puccdys~ +t ~ta~tee.
(61 T~ peif~ea. t~spl~ aid~ aad sLide br eae6 ud erery tbe dipd~tioa~. a~reemeet~, eoaditiew aad t~VtpU1a is aid promiaNq
note ~ad 'u tlw deed ~et twth.
(i1 T1~t i( ~yr ~t wi~ ~f ~ueoe~ bereia ~etem~ t~ be n~t p~optl~r a~d fuily pd~ witluw !ltteen dqa Kst
after tLe wma ~ere+call~ beeoene~ due aad Parabk. ~t J eas6 asd eveq t6e stipulatio+u~ ~keea.eau. eoaditiea~ aaa e~veaaau ~f ~aid
Pr~miwq swe aed t0i~ deed. or eitl~c~. ~re net (dlr pertonpal. eo~plied w:ch and .bided br. tbc ~aid a~epte ~um mcatioaad 'u
wiJ prwui~wq e~te ~hatl beew~e dne aad pirable fo~thwith o~ tl~ertafter at t4e optiow ei t6c Nort~~ee ir tallr aad cuupletd~ r
if the ~aia ~~e pte ~~ua o~ said promi~wrr wote wr oripnallr ~tipul~tcd t~ be p~id o~ ~ncb d~y. awrt6i~~ i~ wid p~iu~ ~
o~ hereis t~ t6e coatnry aoa+iilwwdia~.
l j 1 1Lu in order t~ aecetente ~e auturit~ tbe iodebtedseM 6crebr aecured, bcca~ue ef tbe tailure ~f tbs lllwtp~ t~ pq ~7
~iuc. wcw~aent~ WbiW~, ~6liptiN K lqtWl?briGCt YpYN M~d p[OpEflj~ ~a hereia pwvidcd. it ~6a11 aot be necewaq K ecq~i~ite t6ai
~h~ ~~~orz5.~ .1~a11 fira p.~ ~6c wae.
2 Tt~e Mort6a~ee inay, at his optioa, and without waiv' Ws right to aocclerate the indebtedncM hereby
aecured and to forecloee the same, psy eit6er before or after d~mqucac~ any or all of thoee artain obli6ationa
rEquirad by tbe terau hereof to be paid by tLe Mort6aaor [or the pmtection of thc n~ortgage aecurity or for the oollea
tion o[ the indebtedner Leraby secured. All aww ~o advanced or paid by the Mortaagce ahali be char6ed into the
~nortgage account and become an integatl part thereof, eubject in il! nspecta to thc terms, conditions, and coveaants
of the afoc~esaid mmiasory not~ and this mortsa as fnlly and tu t6e same e_~tcnt as thou~h a part of the ori6inal
~n
indebtedneas e.i enced by suid oote and aecured y tLis mortgagc, exoepting huwe~~er, that said sums ahali be repaid
the Mortaagee forthN ith upon its deiuand and be in addition to tiu reaular n~onthly inatallments provided br the
~nortgage note.
3. T~at tt~e abstract or abstncts of title ooverina tbe mortaa6ed propert~ sliall at all timea, durins the li[e o[
thie inortga at~ remain in pwsasioa of the Mort6agee and in event of the forecloeure of this mortgaae or other transter
of utle to the mortgaged property iu e:tinguishment oi t6e indebtedneas aecured hereby, all right, titte utd intereat
of the: Aiortga6or in and to any atach abatncta of tide shall pas9 to the pnrchaeer or graniee.
4. T'o the extent o[ 16e indebtedn~as of the Mociaa6or to the Mort6a6ee descrihed 6erein or aeeured hereby,
the ~ionga6~•e is bereby subrugated to d?e liea or liens and to the ri66is of tlie o~~nere and holdere thereof o[ each
:,nd every mortaage, lien or other incumbrantx on the land described herein Mhich is paid and/or aatiafied, ia whole
or in part, out of the prooeeds of t6e loan dacribed herein or secured hereby. and tl~e cespective liens of said mort-
ga~es,, iieaa or other incumbrances, ahsil be and tLe aante and each of them herebs- ie ~~reserved and shall paes to and .
1?e iteld b~ the Mortga6ee hereia as aecurity tor the indebtednean to the 1liortgagee hecein described or hereby seaued,
to tLe same eztent t6at it Nould have }~eea presen•cd and would ha~~e been paased to and bcen held by the Mortaaaee
I~ad it beea duly and regularly aesiaued, transferr~cd, set over, and detir-ered ui~to the iliortga~ee by aeparate deed of
ac~:igwnen~ notwithstandin616e tact that tht same may be aalisfied and csncelled of record, it beiu6 the intentioa of the
j~artiee leer~eto that the same wi11 b~ »atisfied and cancelled of record by the holdera theteof at or about t6e time of
t1,e rrcordin6 of this mortaa6e.
S. In the event the ownerehip of the mortgaged premixa. or any part tl~ereof, becamea vested in a person other
than tlie 111ortgagor, the'_liortgagee may. without notioe to the Mort6aRor, deal witlt auch auccesaor or sucoeason in
i~~terext ~+-ith reierence to thie deed and the debt hereby secared. in tli~ +ame maaner aa Mith the Mortgagor without
in ~ny way ~-itiatina or dischar~ng the Mort~saor
s liability hereunder or upon the debt hereby eecured. No sale of
tl~e ~~rCmises liereb • mort ased and no forbearance on the part of the '_liortqa~ee, and no extenaion of' the time [or the
~?aymeut o[ the de~t here~~ secnred given by the Mort6a6ee shait operate to rtlease, discl~ar~e~ modify, chan~e oc aRect
ti~e ori~inal liabilit~ of the Mortga~or herein either in w+hole or in part.
6. T{ie lien of thie dced secures and ehali continue to eecur~e pa~•ment of eai~ indebtedness or indebtednese,
I~ow~~er evidenced, whether by ~aid prnmissory note or any renewal or extension thereof or aubstitutc therefor, or
otl,erwise, until all such indebtedne~ ehall have been full~ paid.
7. I~i tlie ez~ent the rnortgngors stll, com~e~~ ~r trn»sJer [he. rnor~gnged premises durin~ thc life u/ t/iis »tori~~i~c,
t/re» this nrortg~~e shall, al Nie up~ion of tlie Atortgng~e )rereii+, becnme rntmedia~ely duc a~id pnyable for the full suni oj
r/rP principnl Gn?nnce n~rd i»lerest tlun due.
8. The terme °Mortgaaor^ and "Mort6a~ee' whenever ueed in this iastrument Al~all inciudc the heirs, pereonal
re~~reAentativea, auc~eseora aud assiRos af the respective parties hereto, whcrever used the aia~lar number ahall include
the plaral and the plural the sioaular, and the nee of any gender a6 1 include sll gendera ~
tii~ned, eealed and delivered in tLe preaence of: . - - . . . . (S~?t,)
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3TATE OF FLORIDA
COUNTY OFJ~BT~ ~
St. Luc
Before me pe lly aPpeared C8A$LIE EPbNS snd ANGELINE EPANS, hfa iri.fe,
to me well kno and known to me to be ti~e individaals describcd in and who executed tl~e foreaoin6 instrumeat, and
acknowledaed or~e me that they executed the same for the purposes thei+ein ezpreased. pITNESS my hand aad
ol~icial ~eal ia the County and State lut :foraaid this 4 th day of Mareb, 1 .
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Mv Commwron Espira: Notary PubGc, State of : j n ?
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;t. : f , Ft~ED A~.~G pc~pR D i: _ : ~ - .
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~ ,~.~~.;:~~~.~~,~,Y. 571
' FLOR1?~H aooK141
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