HomeMy WebLinkAbout2175 . ~ ;_'UY' P11 @ ;'1.-1:'t 7i~
M~~tp~. L ere~t ~t f~ceelwure ol tbu m~rtp~e otl~et trrufu title t~ the mKtp~ed p~~4e~t~ iu eitianishmaat ~f tbe iadebt-
edaes~ ~ee~re~ ~erebr. dl ri~Lti tide aad iuierat ~t the 1ldorty~o~ i~ sad t~ wr iw~utaoce p~lieia the~ iw t~rce shall p~w t~ ti~c
pute~st ~r~stee.
!6) Te pe~fHm. t+epl~ ~+ith ud abide b~ e~e6 ud every tbe dipul~tiNa. a~reeme~t~. naditi~w wd e~ve~uab is wid premiswq
nete md i~ tlw dsed ~et (~~th.
li) '17~t i~ ur ~t nid ~a~w et m~osr 6ereie refened to be n~t pr~pti aea fulir paii ~vit6i~ tifteen dqn ~t
Jter tl~e ~uue ~evcrall~ beeanes due uid pa~able. ~r J eaeh a~d eYeq ~ atipdatioas. a~rceweats. eoaditioa~ aad eeveuanb ~aid
prw~iwq ~ote wd t4i~ deedti er either. ur aw tull periwwed. ea~.piied ..i~ .nd abidea br. the wid a~epte ~um meo~ioned ia
~aid promi~wq aote shall become d~e aad parable ~ort6r+ith ~r tbereafter at tbe optioa ei t6e MortRa~ee as tdl~ aad c«npletelr ~
it the said ~~r pte ~mn o( s~id promiwory aote wr~ ori~iwllr stipulated t~ be paid o~ a~c6 day. aartLiw` ia wia pr~eiwK7 ~N~e
or herein b t6e coatraq notwithuandin~.
1 j) That ia order t~ ~eeelente tLe auturit~ ~t the iadebtedaea~ he~eb~ ~ecured. beca~ue ~f the t~ilure o~ tLe ~l~tp~K t~ p~7 u1
t.x. wc~unent, liabilitr. ~bli~tiM er encuu~brance upo• .aid ~.opeKr. a 6cceia pwvided. it s6a11 aot be aeeeMaq K n~uisite tlut
the wortsaRee ahall 6rq p~~ tl~e suae.
2. Tlie Mort6asee inay, at his optioa, and wit6out waiving his ri6ht to acoeler~te the indebtednee~ hereby
aecured and to foreclo~e the same, pay either before or a[ter delinquency any or all of thoee certain obli6ations
required by the term~ hereof to be paid by t6e Mortaa~or for the protection o[ the mortgage security or [or tlu ooUec-
tion o[ the indebtedueee 6ereby secured. All aums so a vanced or paid by the NortgagCe shall be chargcd into t6e
~nortgage account and btcome an integral patt thereof, eubject in all respects to the tern~e, conditions, and covenanL ,
of the aforesaid promieaory note, and this mortsa~e, as [ully and to the same ~~tent as thou6h a part of the orisinal
iudebtedneas e~idenced by said note and eecured by this mortgaae, exocptin6 huwever, that sa~d sums shall be repaid
the btortgagee [orthwith upon its demand and bc in additioa to the regular nionthly inatallments provided by the
mortg.ge note.
3. T6at tlie abatract or abstracts ot title coverin6 t6e morigaged property sliali at ell times, durin6 tLe life o[
thie inortga6e. remain in posse~sion of the :~Iort~agee and in event of the foreclosure of thie mortgage or other ttawfer
of title to thc mortgaged property iu e~tinguiahinent of t6e indebtedness eecured hereby, all right, title and intereet
of the l~~ortgagor in and to any s4ch abstracta of title shall pasa to the p~irchaser or grantee. -
4. 'I'o the ertent o~ the indebtednees o[ the Mortgagur to the Mortgagee descrihed hereia o? eecure~ 6ereby, '
the '_liortgag~~e ie hereb~ aubrngated to dee lien or liens and to the ri66ts of tlie o~.nera and holdera thereof of each
and every mortgage, lien or ot6er incumbrance on the land described herein Nhich ie paid and/or satiafied, in w6ole
or in part, out of the proceeds of the loan described herein or secured hereby. aud tl~e reapective liene of uid mort-
~agee, liens or other incumbrances. shall be and t6e same and each of tlie~n hereb~- is ~~reeerved and ahall paes to and
I~e held by the Mort6agee henin as aecurity for the indebtedne,w to the 111ortgagee herein described or hereby secured,
to the same extent that it Mould have been presersed and would ha~e }?een pasx~l to and bcen held by the Mortga6ee
I~ad it been duly and regularly asei~ued. iranafened, set over, and deli~ered uuto tl~e Mortgagee by aeparate deed of
asaigninent, notNithstandin6 the fact that the eame may be aatisfied and cancelled of record, it being the intention of the
j~artiea liereto that the same will bt +~atisfied and canoelled of record by the holdcrx thereo( at or about the time of
tite rrcording of this mort6age.
S. In the event the ownership o[ the mortgaged premi+ee. or an~ part tl~ereo[, becomea veated in a penoa other
than tlie Mortgagur, ihe '_1~ortgagce may, without notice to ihe Mort6agor~ deal with such aucceseor or succcrsors in
intereRt with referenct to this deed and the debt hereby secured. in tl~c same manner as ~+ith the Mortgagor without
iu sn~ way ~-itiating or diseharging ihe ~tortgagor
s tiabilit~ hereunder ar upon the debt hereby eecured. No aale of
tl~e i.remisex I?ereb3• mort aged and no forbearance on the part of the !1lortgaRee. and no extenaion of ihe time for t6e
~?ayment or the aebt here~~• secured given by the Mortgagee shall operate to release, disci~ar~e. modify, chan6e or alfect
tl~e original liabilit~• ot the MortgaRor hercin either in ~rhde or in ~art. ~
6. 1'l~e lien of thie deed secures aad ahall continoe to secure pa~ment of eaid iadebtednesa or indebtedness,
I~oMe~er evidenced, whether b~ raid promissory note or a~ renewal or exteneion thereof or eubstitute therefor, or
k otlierwise, until All such indebtedneas ehall have been full~ paid.
~ 7. I~i t)ee event t/re »inrfgngors s~ll, cor~i~ey nr lra:~sjer tlie ~norfgnged premrses dttring the li/e uf tl~is mor~gar;e,
t/,en tl~is mortgn~e slrnll, n~ tlie optron of the Afortgagce l~erein. l~e~nme immedialely due nnd payabTe for t):e full sum o(
€ the principnl Gnlance nnd interest then due. -
~ 8. The terms °Mortga~or^ aad "Mortsaaee" whenever used in this instrument sliall incluJe the heire~ personal :
re~~renentatives, sucoeasors and aesiRas ..f the reepective parties hereto. Wherever used the ~ingalar number ehall iaclude .
~ the plural and the plural the ~ia6ular, and the uee of an~ gender s6a11 include atl genders.
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~ Si~ned. sealed and delivered in the presence oE: ~/f/` (.,C~-..~fS~'`'""~j„"C~'"~') '
- . ~,l'rl,~/.h!.-~Gz.:Lt/~' . (S~)
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STATE OF FLORIDA
LOUNTY OFIX~E ~ i
S?. ~CI `
Before me pet~wnall~ appeared ~fILLIAIi H~1IaAL1~ snd J~L]1 D08I3 L~f1LLL, hi~ vit~,
t
to me well known and known to me to be the individaab dacribe~ in aad who e:~cutcd the fore6oin6 instromwt, aad
acknowled6ed before me t6at t6ey ezecuted the same tor t6e purposd therein expres~ed. pITNESS my hand and -
~ ot 1~larah 1 66.
o~cial ~eal in tLe Countr and State last aforaaid thii 25th dB,T •
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~ NARL R. AVERY
NOTARY PUBLIC. STATE of FLORIDA at UR6E - -
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~ MY COMMISSION DIPIRES 1UNE 30. 1967
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~ P bl of F or :
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Mv Commiwon Expina: _ N~~' n -
~ , ' FILE~ COR~ED . - i
~ ; -~~~O~K i . . ~
' „ t;- ' i
~ ` j y,: _ ~ , rf~ ~
~ _ " ~ - r' , 5 `~1 I I ' S6 . -
, _ 66 APR • ~~~-~,<<,,;~; .
. ~ z;;~~t - 1 ~4%~'2~
~ . _ , ~ ~ RGGt~ l.i~ . CLERK ~ 0 R
~ ~ - NT Y. BOOK 142 3~
~ . ST. LUCIt COU "
Y- FLORI~A - ~
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