HomeMy WebLinkAbout1990 • ~ • Our file ~1-13,?31 ~
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2. T6e Mortaa~ee mar, st bis optioa, and ~ritLo~rt waiv~'o~ !w riaht to aooelerate the indebtedneM 6ereb~ ,
eecured and to foe+eclae t6e saee, psy sither before or Jter delinqncacy an or aU of thwe oertaia obliaatiaoa ~
reqnirea br t6e tam. hereol' to be ps;a by t6e M«ta.6or cor the protecdon uf ~ mort~e .ecur;ty or cor t6e oolleo.
teon o[ tbe indebtedneN bere~ ~ecu~+ed. All sums w advanoed or paid by t6e Mortaaaee ~hall be charaed into the
mortpae aoooont aad beoo~oe m iate6cal patt t6ereof, aubject ia all rapecb to tLe termy oondition~, aad ooveaanta
of t6e afore~aid pr~i~MOry nwe, a~ tbis moit~a~e. a~ fdlp and to tbe s~are a~teat as thoual? a put o[ the oriaiwl
indebted~M evideaeed b~ said note aad ~ecu~+ed br this mortsa~e, exoeptio~ however, t6at said sums ~hall be npaid
thc Mortaa~ee fort6with upon ib dwuand and be ia addition to the naulu monthly instalLnenta provided by t6e
~nort~~e aM~e.
3. That t6e abatract or abatracb of title ooveciaa the mort6a~ed Propert) slull at all time.~, d tLe li[e of
thia ~nort~a~e, remain in poMe~ioa of t!~ Most6a~ee and ia eveat oi t6e ioreclowre of t6is mort;aae or trander
of title to tbe aiort~a~ed Propecty iu eitin6uisLment of tLe indcbtedne~s seene~ed hec~eby, all ti66t, title and intertat ;
of t6e Mort~or in and to m~ wch ab~racb of title ~haU pass to the pn~+cba~er or ~antee.
4. To t6e axteat of tbe indebted~ oE the Mort~or to tLe Mortaasee described herein or ~ecured beerby,
the D~~ge i~ 6enby~bro~a ted to the liea os lieo~ aad to tlu ri~hta of the oa-nera and holden thereot of eac6
and every mort~e, liea or other incumbraaoe on t6e Lnd deacribed henin wtich is pud and/or satis6ed, id rv6ok
or in part, ont of the prooeeds of t6e loan da~cribed }~ereia or iecnred hereby, and tlie rd~ecti~e licas of stid mort-
ga6e~. iieas oe other iacnmbnooe~, ahall be and t6e same and eac6 of them henby ii preserved and slu~ll paM to aad
be held bT t6c Moct;a~ee henin a~ aecurit~ for tLe indebtsdncss to the ~tort~a~ee herein described or hereby ~eau~ed.
to the same eztent tbat it Moald Lave been pre~erved and w~ould have Leea paMed to and been held by the Morta,a6ee
had it beea dnly aad uly a~si~,ued, tran~tesred, ~et over, aad deli.e.ned uuto the Mort6asee by eeparate deed of
asei~nme~?t, notwi ' t6e fact that tbe ~ame ma~ be aatis6ed and canoelled of rword, it beio~ the intention ot the
~~arties hen:to t6at tbe same wiU be aatisfied aad caaoelled of rcoord bf the 6olden thereof at or about the time of
the ncocdin6 oE tli» mortpae. .
S. In t6e ermt the awnersLip of the mor~a~ed Premires, or wy part t6ercof, becomes veated in a penon otLer
than the Mort6aaor, tlie 3~o~e may, wit6odt notice to 16e Mort~aaor, deal wit6 wch woce~sor or suooe~eots in
i«tereat ~.-ith refenaoe to t' deed and the debt hereb ~ecnred, in the same manner aa with the Mortaa6or without
in any Nray vitiatina or di~6ar~i~n6 t6e Mortaaaor'~ ~y 6erennder or upon tbe debt hereb~ secured. No eale of
ti~e premises hertb~r raortsa~ed and no forbearaace oa the part of the '_Kortaaaee, and no extcnaion of the time for the
payment of t6e debt he~rb~ secnnd ai~ea b~ the Mo~R~ee shall operate to release, diacLar6e, modify, chan6e or a~ect
the oriainal liability of tht Mort6a~on c~nin eitl~er in wLoie or in part.
6. The liea of this deed secnres and shall oontisae to s«:an pAymeat of said indebtednas or indebtedneM,
1?owe~er evideaced, whct6er by said promiMOr~ note or a~ renewal or e~ctension thereof or aubtitute t6erctor, or
otl~erwise, nntil all wch indebtedaeas s6a11 Lare beea fnllr paid. :
j 1. In the event the mortgagors sefl, convry ar~ransj~r -the marlgaged prtmrscs during the life oj this morlgag~,
i r1iPn this mortgage shall, at the op~ion of the ]Itottgaget herti», Gecomt rmmediaeely due and payabl~ for the full sum o/
~ tire pri»cipal 6olanct and interest then dut.
j 8. The terms "Morts,aaor" and "Mortaa~ee" wrheoever ~ued in this iastrument aliall inclnde the 6eire, peraonal -
€ repraientatives, sueoeewra and awi~os af the respective puties hereto. ~i~erever used the einsular nnmber ahall inclnde
the plnnl and the plural the an6nlar, and the use of any ~ender s6all inelude all 6eaders.
.
Signed, seakd and delivered in tLe preaeaoe of: .~t'~--_!'{(!'v.-~-G----------. - (~?L)
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STATE OF FLORIDA
COUNTY O ~ ~
S LIIC S
~ Before me peraonally appeared MILLARD McNEALY and BERTHA McNEALY, his r+ife,
to me well known usd icnown to me to be t6e individuaL dacribed in and who ezecuted~ t6e [oreaoin~ inatrument, and
~ aa
acknowledaed before me that t6ey ezaaited the same for the purpoeea therein ezpreMed. WITNESS my hand and
o~'icial ~eal in the Connq and State last aforcuid tLis 15th day of July~ 1 66.
M
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~ NARL R. AVERY ~ "
NOtARY PUBLIC. STATE of FIORIpR ~t LARGE - v.':~,..._.
_ • , _ :
MY fAM6qSS10N E7(PIRES JUNE 30, I967 1 .
bi.- Commiwon Ex ire~a: ~ - : ,J~ ~ ~ -
P~ Notary Pnblic, Sate of Flori : ~
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FILEO AND RECORDF A.
ST. WCiE COUNTY. ~ " v
' RECORt~ YERIFIEO _ ~ = ,
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;t: C;~tC~;~ COURT
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