HomeMy WebLinkAbout2404 • ' Our file #8-13,9?4
'Jl~~tq~. Iw e~ewt ~f fo~eclau?e uf tbu u~ortRaRe r~ o~lK~ traiufu ~1 tilie t~ the w~utN~ed P~~pertr in eitie~i~M~eot o~ ~he ied'M•
edo~.. ~eeured 6enbr. dl ti~t~ Ii11~ ~ed iutered ~t Ihe NorlRyt~~ i~ ud i~ ~nr ia~vtance p~licia tbtw is torce ~hall pw t~ t~e
pure~rt~ ~r ~r~atee.
l`) To perf~rm. eoo~pl~ Mi~ ud abide bf e•~b and e.~err ~6e wp~l.~i.w.. a~reawe~b. tOAdIl10M aad corea~nu is wid p~aniw~r~
1101! ~A1~ IA ~u dltd ~ ~~t1~1.
lil Tlrt i( wr ~~aia ~t m«~ey 6e~ein rctetred t~ be a~t pr~w~ptlJ a~d f~tl~ pai~ xithi~ tlitren d~r weat
at~er ~be .a~ .srenll~ beewoa due ,nd Paysble. J eacl~ ad eveq W~ ~tipul~tiona. ~~reeacnts. ~oad~~iow awa e~rewau ~f wid
p~owirM ~ete aod lhis deed~ K either. ue nw (ullr petfMaed. ewupli~d ~ri~i ~ad abided by. tbe wid ~urepta ~ww mcatioaed ia
rid pr«niMOR Nte aWl beeowe d~e and p~yable (irt6~rit6 K~.:ereJte~ ~t tbe optioa ei tbe MoN~~ee a~ full~ ~nd ~empletelr M
if lbe ~si~ •~e pu ~wu ot s~id p~omiwory nae vrr wi~iaally ~tipul~~ea t~ be psid M~YlA anYt6iw~ ie wid pn~iwh Ma
or herela t~ t6e ceatnty a~twitiwtaadin~. ~
1 j 1 Th~t in o~de~ t~ ~eede~te the nuturit~ ~t ti~e iadebtedseM Ae~ebf ~ecu~ed, bec~we o( the f~ilure et tbe AH+tp~ t~ pq w1 '
t~z. wew~neat, ll~ilitr. ~?lipti~w or ee~uu?b~amY uyow wid Pnpertr. p I~ereis provided~ it ~hdl not be necewae~ K~quuite tl~at
1he u~ottsa~tee ~hall 6rq par the ~ame. '
2. Tl~e Mortsa~ee ~nay, at hu optioa~ and without waiviaa 4i~ risht to ac~clerate the indebtednew hereby '
~ecurod wd to forecla~e the same. par either before or aftor delinqueacy aay or al! uf those certain obliaatioaa
rr,qnie+ed by tbe terms hereof to be paid by the Mort6a or !or the prntection ot the n~ort6age security or tor t6e oollea
tion of the iadebtedneM hereby ~ecured. All sumr w a~vaa~xd or paid by ihe ~lort6agCe shall be ch~r6ed into ihe
mort6age account and become an iategral p~rt theeeof, aubject in ~Il respecta to the ternu, conditio~u, and coveaant~
of the a[ore~aid pmmiaeory note. aad this mortsa~e. a~ fuUr and to the same extent as though a part of the ori6iaal
indebtednw e~idenced by seid note and secured by thi~ awrtga6e. exceptia6 huwe~~er, that said sums shall be repaid
the Mort6a6ee forthwith upoo its de~uand s~nd be in addition to the n6ular moathly in~tallmeata provided by the
~nortg~ge aote.
3. That tt~e abstract or abstracts of title coverin~ t6e mort6aged property ~1ia11 at ell times, durin6 the life ot '
this ~nortga6e. reinain in poaK~saio~n of the 1~turtaagee and in event of the forecloaure of thiR mortgase or other traasfer
of title to thc niortgaged prnperty iu e~tinguishment of tht indebtedn~+ eecured herrby, all right, title and interest
of the 111ort6a6or ia and to any st,ch abatracts o~ title shall pa~.+ to the pnrc6auer or 6rantee.
4. '['o the extcnt oI t6e indebtednees o[ the Mort6agur to the Mort6agce described herein or secured 6ereby,
tl~e Mortgaaee i~ henb~ wbmgated to tl~e lien or liens aad to the ri6hts of tlie o~.ners anJ holders thereof of each
and every mortaage. lien or other incumbraacc on the land deacribel herein Mhich is paid aad/or aatisficd, io whole
or ut part, out of the prooecds of t6e loan dcacribed herein or secnred hereby. anJ tl~c reapective liens ot wid mort-
ga~s. liens or other incumbraocd. slull be and t6e same aad each of the~n hereby i~ ~~reaerved and~'ahall pae~ to and
be held b~ the Morc6a6ee hereia as security for the indebttdnees~ to the 111ortgagee herein de~cri~ed or hereby aecured,
to the same eztent that it Mould have I~er.n preeened and would ha~e Mecn paaeal to and beerr-held by the ~o~a.6a
had it been duly and regularly assi~ied. transferred, set over, aud ~leli~-ered unto the Mortga6ee by eeparate decd of
:u~i~unent, notMithstandin6 t6e fact that the aame mar be satisfied and cancelled of record, it bein~ the intention of the
~~arties I~ereto that the same will be wtisfied and cancelled ot record bj the holden thereof at or about the time of
the rrcorrlinR of this moriaaae.
S. In the event the ownerahip oi the mortbaged pn~ni+re. or an~- part d~ereof. becomea veated in a penon other i
ihan tl~e Mortgag~?r. the 1lottgaget may. without notice to the Mort~agor. deal with such successor or aucce~eon in
intereat w-ith r+eierence to thie de~d and the debt hereby secured. in tl~~ +ame manner aa Nith the lliortga~or without
in au~ way ~ltiatin~ or discharging the ~iortRa~or
s liability hereundcr or upon the debt hereby eecured. No sale of
the premiees liereb~ mort6a~rd and no forbrarance on the part of the '_ltortRagee, and no extenaion of the time for the j
payn~ent of the de t hereb~- secured ~ven by thc Mort6agee shall operatc to release, Ji+cliar~e~ modify, chan~e or aifeet
the ori;~inal iiabilit?• of the Nartga~or herein either in rvhde or in part.
Tl~r lien o[ thie deed secures and ahall continu~ to secure payment of said indebtednes+ oc indebtednes~.
I~owe~er evidenced, whether b~• said promissory note or any renewa! or extensioa thereof or eubstitute therr.for. or
otlKrwise, until all such imlebtednes~ ehall have been i ~
~~3 P~ ' balloon ~ or.t~a~e. G~ t~~ ~'~R~ ~
7. In flre• rr~ent ll~e ~rr~~rl~ri~i~rs srll, IrN1t~Pj~ nr trm~s er fh~ ~n(~ r~l~j+ t(! rPntrs trrn ie i e s~~~~~=P,
f/ren this ~nort~a~e sl~all, nt rl~e uplron o/ t/rP ,llorf~a~.~r ~f ~f~~l~'~ ~1~I~f~1~11~ {i~b~1n~~J*~~~4~tt/l su??t o~
i
lhe rinci al G~Inn~P mrd i~~tertse ~l~en dtre.
1 .
p P ~9 tocleth~r with ~ccru~d in ~~est, if
8. The terme "Mort a or" and "btort a ee" ~q~
v~~, rument ~all inc u fthe e~rs. ersonal
trprr+entati~~es, aucccsaon a
d sesiFne nf th~ r~~
6 ~ive paKes~ieref'oT~~~~~i~~t~~ 1#1M~felude
the plural and ihe plural the ein ,rylat, and the ~i~e of a~1~dW~~i~~1~1~qhjf ~110r1sa~~.
reeence of : ~ " SFJ?[.
Si~ned, eeale+i and delivered u. the p . ~ ~ ~ )
1
; f~'~.-:.E~i ~~-,C~~~~.~J. . C' e~~ /~j„~Lj~~iZ~S~,?L)
~z,<<~~~
~e~-.~ _ . -
STATE OF FLORIUA
COUNTY OF~I~
SY.
Before me rsonally appeared DAYID YS~AES$ and ~?IST PBAHb EFAESS, hf • Mi1~~ ~
to me well kn n and known to me to be ihe indiviJual~ deacribed in and who executed the fore6oin6 instrument, and
acknowledRed before me that they executed the same for the urpoees therein eYpreased. ~ITIVESS my hand aad
o~icial ~eal in the County and State last aforesaid thi~ 9th day Of S6pteabe , 966.
NARL R. AVERY
NOTARY PUBIIC. S1ATE ct FtORIDA at l:+?.GE . . - , . ;
MY CC11?MISSION ExP14ES JUt~~ 30. 7_57 .
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M~' f:ommission Expirt~: Notary Public. 5tate of F10~'ida • s
f ILED ANO RECOR~~~ - - ~ _ , .
ST.RECORO VERIF ED~~ - . ~ , - . - :
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, I :53 - . ~ -
66 OCT I 4 PM ,
149201
n~;;_R ~~OITRAS
CLERK CIRCUIT COURT 0 R
aooK 157 PacE 3
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