HomeMy WebLinkAbout2363 ' Our file ~1-14,O12 ~
M•Kp~. I~ e~e~u (orecl~.u~c Y1 ~Ai• ~~~o~tR.Re ~r ~tber Ir~afu ~I titk i~ ti~e MKtp~ed pr~peity i~ ealinRri~hn~eel uf ~Ix iAdcsl-
edna. ~ec~red benbr. sll ~iRht. till~ ~w~ intcrest ~f 1be M~rt~K i~ wd 1~ Mr irYfNltt p~li~ia thcw iw f~~r~ ~lul! pw ~e 1Le
putrba~st ~r p~ptee.
l`) '['o ~wm~ eo~pl~ v.itb a.d aside ~r e.~h u~~ eretr t6e ~tiwl~tiw~ ~~nea~e~u, eMditi~a~ ~ad c~vc~q iw wiA p~e+niw~t~
not~ aad iw 16i~ detd ~et ~~ttb.
i
1 i 1 Th~ i( ..r .t ~.;d .ww iy~aer y«ein rete~ t~ be Nt /c~tl a~ frllr ~ rriti~i~ AftMe Lra ~ea1
d~er the wne ~erenll~ beeo~ua dre aad ayable. w i( aid~ u~ ~+e~1 ~ ~tiwlatiw. ~aeea~ewu. ~wd~~io~s ~¦a ~~vcuaal~ ~I wid
pcw~iMMr Nte wd t?i~ 3eed~ ot eilher~ We ~+N t~ll ~at~nw~. e~yli~i .?i~ .nd .bid.r br. t`e wid a~ep~e ~ww mewtiowed 'u
a~id prwuu~~ry w~te ~iall bceane dur aaa p.rabk ~.e~lri~k .r d~sre.t~er ~he opie. .t ere Won~.~ee ~ollr ~ed ~~mplaelr ~
if tlm wid ~Rpepte swn ~t ~~id praniwry w~te ~r wi[i~aily ~tiwl~ t~ ?e o~id N~` dy. aqt6i~~ i~ s~id p~«wiwt~ ~Ne
or heteiw a the e~wtni~ notwitb~t~ndie~.
f j 1 That ie wder t~ aenlent~ d~e e~~tu~ity 1!x iedebldweM LeeeLr ~ecureJ, IKCSwe th~ ~~il~re ol J~e M~rtpRK t~ p~y s~l
t~x~ we~unewt, liabilit~~ ~d1iR~ti~w ~t !At'YIAd~~~t YNM M~,'f~lf1~~ r hereiw pr~viied. it ~hdl ~ot be eeeewt~ K erquuite tlut
th~ u~aira~ siutl linl par lh~ ~arwe.
2. Tlre Mort6aaee ma~~ at hiu optioa~ and withovt waivina l~ia riaht to acoelerate thc iAdcbteduea~ hercby
~ecured wd to foreclae the sawe. pay either be[ore ot after del'inqueacy any or all uf those certain obliRatiow
reqnired by ihe terau hereof to be paid by the Mocts~ or (or the protection of the tuort6aae security or for tl~e collee-
tion of tl~e indebtednd~ t~reby ~ecured, All sumr w a~vaooed or paid by the Noctaa6ce shall bt char~ed into the ~
rinort~age account and l~.~ofnc an inteRral patt the~+eof, wbject in a!1 n~pecb to the tern~s, conditions, aad coven~ob
of ihe afo~aaid promiawry aote. aad this mortsa~e. a~ fnllr at~d to the ~atnc extent ss thou6h a p~rt o( t6e oriRiaal
in~lebtedneM e~idenced by s~id note aad aecured by t!w mortsa~e, exceptia6 huwe~~er. that caid sums shall bc repaid t
the MortRa6ec forthwith upoo its dcu~and~ and be in addi~ to the n6ular n~ot~thly imtallments provideJ by the
rnort~~ge aott.
3. That tlie ab+?tract or abslracb of title coverins tl~e mort6a6ed property sl~all at all timati durin6 the life o(
thu ~nort~a6e~ r~tmain in pascwon of the Mort~aaee and in evwt of thc foreclosuoe of thi~ mort6aae or other transfer
of title to thc n~ortga~ed pmperty in extin6uuiunent of the iadebtednws secured liereby, all riqht~ title snd intec~est
of the !11ortRaaor ia and to any wch abst~act~ of tiile ahall pas~ to the pnrc6aser or arantec.
4. 'Io the extwt of t6e indebttdne~s of tl~e Moriaaaor to the Mortaasee dncribed herein or secured 6enbr,
the !?~ortgaare i~ hercb~ wbro6ated to the Gen or lie~u and to the ri~ht~ of tl~e ownen and • holders thereof oi each
and ev~ .y mort6a~e. liea or other incumbrance on the land deacribe~l herein ~?hich is paid and/or satiafied, ia w6ole ~
or in pa.;, out of the proceed~ of ttre loan de~cribed ]~erein or secu~+ed hereby. aad t1~e r+espective lieas of ~aid aTOrt• t
6aRes, liens ar otfier iacumbrsaoea„ shal! be snd tbc ~ame and each of thcm hcreb}- iu ~~reae~rved and shall pas~ to and
be held b~ t6e Moet~asee hereia as securit~ for the indebt~dne~ 1o the 111ori6a6ee 6erein described or hereby ~ecured,
to the same extent that it ~.ould have hcen preserved and would 6ave Meen paMed to aad been held by the Mort6a6ee
I~ad it i~eea duly aad reKularly a~si~~td~ ttaasfernd, set over, and delivt~+eel +u,eo the Mor,aaa~e b}• ,e~,~r~~~ deed of
:u~ai~puneat, notnitl~tandin~ tl~c fact that the eame may bc satis6ed and cancelkd af record. it bein~ the intention of the j
~.arties licreto that tbe aame will be ratiafied add canoeUed o~ record by the holden there~l' at or abont the time of ;
thc rrrnrdinR o[ this moriRaRe. {
5. Ia the eveat the ownerahip of the mortaa6ed peemises, or an~ part d~ereof. becomes veated in a penon otirer ~
than tl~e MortRaaor. the ~tortRagre may, without aotioe ta 16e MortRa6or, deal with auch succdsor or succe~son ie ~
interert s~ith reterence to thi~ deed and the debt hereby secured. in th~ +ame manner as with the MortRa~or without ~
in a~~~ way ~itiatin~ or diecharpn~ thr ?liort~s~or'~ liabilit~ hereunder ar npoa the debt hereby securcd. No aak of `
tl~e premises lureb~ mort~a~r~l and no forbearance on the patt of the 41ortRaRee, and no eYtensinn ot the time for the
p~vn~rnt of fhe de t l~~rr. serured given br tlie Mortaaaee ihall operate to release. di~cl~arRe, modify, chanRe or aliect
the eri~inal liabilit~• of the HoriRa~or herein either in whole or in patt.
fi. 7'li~ litn of t6ie ~ieed eccures and shall coutinue to secute pavment of said indebtednca.~ or indebtednew. _
I~owe~er evidenced, whethcr by ~aid promi~sory note or a~+ renewal or extemion thereof or substitute therr.for. or
otl~erwise, until all suc6 in.I~htHlnn+s ehafl have been [nlh paid. .
7. /n fh~ rz~e»t l/i~• ~n~n-ly~i~nrs s~ll. ~un~~r~~ nr trons(Pr llre mnrl~nGed prrmiscc durin~? tlre li~e uj ~Iris nturl~rt~~r.
tlr~n lhis nrnr~~n.~e shnJl. a~ tl~~ afitinn o/ tJtP 11lntl~aj;~e h~r~i~r, btromc imm~dintP/y d~ir. nlyd pRynble for the fttll sunt oj
1hr prin~ipnl hnlan~r a?r~l i?rlcrtst llrt?i dt~c.
8. The terme °MortRa~or" and ~Mon~,a~° ~rbtaever u~ed in this instrumeat el~all include the heira, personal
rr~~re~entati~~es, sucee~son and aeei~ of t6e rerpective parties hereta aherever uaed the ~inRular number shall include
the plural and the plur~l the ain~~lar, and the use of any ~qender shall inelude a1T Readere.
SiRned. aealed and deliverr.d in tl?c pre~nct o(: (S~L)
Q . G~~~ ~YY~
y-~- _
_ ~s~,~
STATE OF Fi.nRIUA 1
t:OUNTY OF ~Z~2
3?. ~
Before per.onallv appearcd JOHII ~SADOY3 sad ~IIS KA? Mg?DW3~ hia vif~~ ~
to me well own snd known to me to be the indiviJual~ dderibed in and who executed the (ore6oin~ inatrument, and ~
acknowledRed before me that they ezecuted ti~e saa~ Ior the purpwe~ tberein exprewed. ~ITIYESC my hand and ;
o~icial ~eal in t6e Counry and State I~st aforeuid tlw 30th d~ o! S bfr~ 1~6.
: ~
NARL R. A'~: ERY . :j.~~„``'f~.,
•
NOTARY PU&Li^. S7aTE c; ft.:4:;~a at U~R~E Y' ~O. ':y
. . _ ~ '
MY COMY;ISSIOH ExPISES SUHE 30, 1967 - ~'r •
Mv f.ommiiuion Expire~: Notarp Public, St~te of J~? =
RECOR~D' ^ ~
FII.ED AND
ST. lUC1E COUNTY. R1-~?:ti - ~ ~ ~ ~ + ~
RECORO VERIFIED , . ~ ,
~ .
'66 OCt 13 PN I .2~
no~ ~4~~~'~
CI.ERK CIRCUIT COURT
BOOK 15V PACE 560 F
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