HomeMy WebLinkAbout2399 ~ ~ Our ~il~,~l-13,8~?3
Dlwtp~. L srewe ~ f~redw.ee of t6u msrtp~e er ~d~er trrute~ ~t title t~ tbs ~Ktp~ed ph~t~ IA CIIlA~Y11~ilRtlll ~ lb! ~~ELI-
edncN we~e+a ~eby, ~11 ~i~6t, title wd iaterat ~f t6e A[srt~er iw asd t~ a~~ iw~~ace psl~eia tbe~ iw terce ~1uU pw u t~e
Purc6w~ ~ruNee•
lb1 Z'~ pe~f~. eN.pl~ MuL a~d arids br eac6 ud e~ t6e ~cipalatio~ a~reeu~e~ts, ayaditiow md e~veoaab i~ wid pr~is~~
n~te ~ad i~ tri~ i~e, ~et t~tt6.
(!1 Y'bM it Mr ~~ai~ ~f mNe~ be~eia eeferted t~ be o~t pera~ptl~r aed full~ p~ii withi~ tltteen d~r ~est
dter tbe wne ~U~ beeana dne aad p~~able, it eac, awd aveq tLe stipul~tiwµ, a~seca~eata. couditior aad e~veouu wid
promi~s~ Mte a~d t~i~ deed, ot eit6et. are uet fdlr perfo~wal, caupliea witL aad abided br. tLe ~aid as~pte ~wa mcatiused iw
~aid proauMM eae ~11 b«ome dYe and parable [wt6wit6 K therea(ter at t6e op~isw ~i t6e ~lort~a~ee a~ tallr u~d e~mpletelr r
it the s~ia a~c pte s~w ~t s~id pro~uiswq aote wy oripadl~ ~tipul~ted t~ be pald o~ ~ucb day. anytdi~s ia wid pn~iw~~ ~e
or hereia b tie e~+Mrarr a~taitlW~adine.
l j 1'17ut in erdu t~ ~eeelu~te tbe auturit~ ~f tbe iodebcedaea. be~cbr .ecured, bceawe ot ~he tailure o( t6e 1llwtp~ u pal +~7
t~x~ wau~ea~, liabilitr. ~iliptiH ar eacuu+brance upoe wid fwpertr. N be~eia previded, it ~Lall not be aeeeNaqr K requuite t6~t
the u~ortsaRte ~hall 6nR p~~ tbe wne.
2. Tlie blortaa6ee may, at his option, and without ::aivin~ 4is riaht to aocclerate the indebtcdnee~ herebr i
secured and to foreclose the same, par eit6er betore or after delinqueacy an or all of those oertain obli6ationa
requiced by t6e ternu hereof to be paid b~ the Mort;a6or for the protection of t~ n~origage aecurity or for the ooAea
tion of the indebtednee~ heceby eccured. Alt sums so advanoed or paid by the Mortgagee ehall be charaed into the
~nortgage account and bcv.~ome an integral part thereof, aubject in all respects to the tern~s, conditiona, and coveaants
of the aforesaid promieaory note, and this mortsa~e, as fully aad to the eame e_~tent ae though a part of the oripnal
indebtednea~ e~~denced by said note and secured b) this mortgage, exceptiag huwe~~er, that said eums shall be repaid
the Mort6agee torthN ith upon its den~and and be in addition to the re6ular monthly inatallments pmvided by the
~nortgaqe note.
3. 1'hat tlie ab~tract or abatracta of title coverin6 t6e mort6aged property sl~all at all timea, durin6 the life oE ~
thia ~nortga 6e, remain in pusse~sioa of the ~IortRa6ee and in e~~ent of the forecloeure of thie mortga6e or ot6er tran~[er ~
of title to thc niortgaged property iu eatinguishment of the indebtedness eecured hereby, all right, title and intercet ~
of the Alortgagor ia aad to any such abstracta of title ahall ~.as~ to the p~~rchaaer or Srantee. `
4. 'I'o the extent o[ the indebtedaese of the Mortgagor to the Mortgagee deecrihcd herein o~ secured henby,
the Jiortgagre is hereby subro~ated to d~e Gen or lieas and to the rights of tlie ownere ~nd holdere thereo[ of each
and every mortgage, liea or other incumbrance on the land descriLed l~ereia ~.hich ie paid and/or satisfied, in whole
or in part, out of the proceeds o[ the loan described hertin or secured hereby, and tl~e reapective liena of ~aid mort-
gages, lieas or other incumbrancea. ehall be and the aame and each of tl~e~n henb~~ is ~~reaerved and aha11 pass to and
be held b~ the Mortgagee herein as eecurity for the indebtedneux to the 1liortgagee herein described or henby secured,
to tlie same extent that it Mould 6ave hecn preser~•ed and would ha~•e heen paaeed to and been held by the Mortga6ce
had it been duly and resularly assisued. trans[erred, eet over. and deli~ereti uuto die 111ortgagee by aeparate dee~l of
asai~unent, notwithstandina the fact that the eame maj be aatiefied and cancelled of recorJ, it beiug the intention of the
~~artiea liereto that the same will be uatisficd and cancelled of rccord bj the holderu thereof at or about the time c?f
tl+e rrcordin~ af this mort6a6e.
S. In the e~eat tht ownership of the mortgaged ptemisee. or any- part tl~ereof. becomea ~•eated in a penon other
than tl~e Nlortgagor, the '_liortgaKee may. without,potice to die Mort~agor, deal with auch eucceseor or xucoe~sors in
iuterext ~+ith reference to this deed and- the debt hereby secured. in tl~~ same manner ar Nith the ~iortgagor without
in an~ way ~-itiating or dischar~ng the ':liortgagor
s liabilit~ hereunder or upoa the debt hereby eecured. No eale of
tl~e pr~miees 1~ereb - niort6a6rd and no forbearance on the part of the '~tortga~ee, and no extension of the time (or the
payn~eut of the de~t hcreb~• secured given by ihe Mortgagee shall operate to release~ di+cl~ar~e, modify, chan~e or alFect
tl~e ori~inal liability of the ;VlortgaXor herein either in w~hde or in part.
Tl~e lien of thia deed securea and ehall continoe to aecut~e payment of eaid iadebtednes~ or indebtednas.
IioNe~•er evidenced, whether b~ ~aid promiesory note or any renewal or e:tension thereof or aubatitute therr.[or, or
otl~erwiee, until all such indebtedncas ehall have been fnll~ paid.
; Z 7~r tlie e~~ent fhe nrortqn~ors sell, cnnt~ey nr trn~rs/er Ihe mor~gngcd premises during tl~e liJe of t1~is mortgn~e,
l/ren this mortga~e shaJl, nt the optron of the 1lfortgag~e /?erein, Le~nme imn~e~tiatel~ dtrc nnd payable ~or the jull su»: o/
tlie princrp~l Golance n?td inlerese e)~en due.
8. The terms °Morcgaaor" aad "Mortaa6ee" whenever used in this iastrument 81~a11 inclnde the heirs, pereonal
erpre~entatives, auooessors and assi~~ns of the reapective parties hereto. ~herever ueed the ein~ular number ahall include
the plural aad the plural the sin6ulaq and the uee of an} aendcr ahall include all genders.
' ed. sea and ' in the presence of: ~ - ~ )
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STATE OF FLORIDA
COUNTY O~ ~
8?. IAC ' ° ~ .
Befor~c me peraonall~ appeared DAYID YgAR38 aYtd I)AI3T PEAFL YgAE3B~ his vf ts;. -
to me well knowa and known to me to be tbe individnals deacribed in and who ezecnted the fore6oin~ i.flsti~t, and~~
acknowled6ed before me that tl~ey ezecuted the same for t6e pu thecein e:prea~ed. ~VITNESS.- my han~ and~ ~
o/icial ~eal ia t6e County and State lut aforaaid 1 th dt~ 0 1lgu,s 6. -
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MY rAMmis~ion Espird: ~TARY PUBIIC STATE ni fIORIDA st IARG(~~ Public, S ~
~ (~i1M1L~S1nN~-FXP1RES "ROY:'9:"'196~~ ~ q~~coROEO ~
~o«~ rn~o~wM Feeo w. D1s47iLN011f? ST. LUCt~ COUNTY. FLA.
R~C~]RO vERIFIED
'~6 Q~T 14 Phi 51
o R p -~49~~U05
BOOK1~~ PACE 590 CLERK CIRCUIT COURT
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