HomeMy WebLinkAbout0326 , ~ . . Our ~ i~e ~3-14, ?82
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t4e a~~etlp~eee d~ll ~t pq t4 w~e.
2. The Ddortaa~ee nu~, at 6i~ optioe. aad withart Nraiv~'o~ !w ri~,t a ~woeler,ite the isdebcadseM herebr
,ecured and a foe~eclo.e tl~s sa.e, pijr, eit6ee be1'ors or afler delinqveoc~ ~a or all of thho.e oertaia obU6ationa
~.~t b~ ~.~c ~~~a6y ~~ort~~ foe t6e pe~otectioa of ~ mo~t~ .ocuriry or foe t6e oolleo-
tion o[ tbe indebtedneN hee~ ~ecured. AU w~ ~o advasoed or psid by t6e Mortsa~ee shall be charaed ieto t6e
aiortsaae sccount aad beoaae an iate~Cal put t6ered. wbject is all re~pect~ to the terar, conditioas, and corenants
~w
o[ t6e dore~aid pr~w~oc~ aote. ssd tlw mo~e, a. EaLp and a t6s w~e Q~~ene ~as ~housh a pars cf ehe orisiwl
indebtede~ evia~,ova by .aid no~e a~nd .eca ~ thi~ mnrt~~,ie, exoeptins howerer, t4at wd suau sluli be repud
t}~e Mortaa~ee iorthwith upaa it~ deiuaad and be ia addidoa to t6e naular montWy instapa~cab provided by the
~nortdr~e aoce. ,
3. T6at t4e abstract or abstracts of title ooverina t6e mort~ Propert) ahall at alt time~, duriaa ~he l'Je o[
tiw mortaa~e, remain in poNewoa of t6e Moctaa~ee aad 'w eveat ai t6e foreclowe+e of this mort6aae or other tramfer
of title to the mortda~ed Property in e:tinaui~heneat o~ t6e indebtedaea ~ec~~e~ed berebr, all ri6hht, titk and interest
of the Moct~or in aad ts as~ ~ch ab~tracb of title shall paa to t6e pnnbaser or 6rantee.
4. Zo the exteat af t6e iadebtcd~ aE tbe M~et~o~ to tbe ~ortaa~oe de~cribcd herein or ~ec~u+ed herebr.
tM ~iocta,a~ee i~ berebT ted to tLe li~ or lieo~ aad to tl~e eiahl~ of tbe m.-ner~ a~d holden t6ereof o[ eac6
and every mortp~e, liea~ iaeumbra~ee oa t6e laad described hereia whieb iu paid and/or wtid~ed, ia ~r6ole
or inp~e~ ait of the pe+ooeed~ a[ t6c loso de~eribed berein oe ~ecured herebr. and the rarective liew o~ ~aid mort
6aae~, lie~r oe otber iacomb~anee~, ~6aU be s'd ti~e wme and ead~ of t6e~n hereb~ u pre~esved aad ~~aii pa~s w aad
be 6eW b~ t6e Mast~a~ee hee+ein as ~ewriq (at t6e indebledneM to the ~1ort6a~ee he~+ein ddcribed or herebr ~eaued.
co t6e sam~e e:teoc that it ~.onld 6are bee~ pe~acned aod ~oWd 6ave l~een p=Med a and beea beld br the Morta,aaee
had ie be~ dnly ~~~~rl~ a.~.d, trao.terred..e~ m~er, wd d~h.ered nuto t6e Mort~ee by ~eparate deed of
~u~si~na~ent, notwri tbe fact that t6e same ~a~ be ntu&ed asd casodled o[ e~eou~d, it beina the iuteatiou of ihe
~.artid bereto that tbe s~~ne ~rill be ~tis6cd md c~aoel{ei of noord ~j t6e lwiden thereof at or abont t6e time of
the ercardi.~ of this ~aott~e.
S. Ia tbe evest the o+vneerhip of the nortaa~ed premisn. o~ aey part t6eeed', becoa~es veated ia a perwa otl~r
tha~ d~e Morysa~ur, die ]iort~a~ee may, ~+it6ont notiee to dre Mort~asor. deal with weh woowor or snooeMOn in
iutereat ~?-ith refee+enee to t' deed and t6e debt hereb ~ecne~ed, is the ~aa~e ~nanner as witl, the Mortaaaor without
in anv war ~~tiatin~ or d»char~in6 t6e Mort~a~'~ ~f herenndcr or apon tLe debt berebr ~ecnred. No w1e of
tlie p~misos Lereb mort6ased and no torbearanoe aa tLe part of d~ ~Iortaa6ee. and ao exte~uion af the tirae ~or tl~e
payment of tLe d~ 6ereb~- ~ecured sivea bp t6e Mott~se ~hall opetate to releaie, discl~ar~e, modify, chan~e or alfect
the ori~inal liabilit~ of tl~e Mort~a~tor herein eit6er i~ ~rbele er ia put.
b. The lien of this deed ~ecnre~ aad shall oeatiaoe to ~ecaee pa~meat of said indebtedaea or indebtedner.
1?owe~er evideaced, Mrhet6er by ~aid promiMOrr aote o~ aup e~eaerrd oc estauion ibee~rof or wb~titnte tlier+~or. or
otherMriee, aatil all wch indebtedeeas s6a11 luve beew ~ultr paid.
T. In th~ event the mortgagon u[t, convry or tra»s/a'~16 !~lf~~bQtt?~CQt~Q~ l~bdl~ieff~i~al '~~e,
f t/ren this mortgnge shall, at tht op~ion o/ tht AtoTtgagtt here~e~c~et~?~~~ied~,.~~~?p~~~f 1 sum o/
~ the princep~t balanc~ and.int~r~st then due. together «~ith acCrued iuterest, -
~ a. T6e terms "Mort;aaor^ asd "Mortaa~ee° ~ ~~~;~jl iiieTude
repe~aientativea, wooawis aad aNi~pw of the eespectire p a Nn6u ~~m r .
~ the plural and the plunl t6e ~iaanlar, sad tbe we d aay S O h1S mOtt~Qe.
_ S;sned, ~eakd and ddivee~e~ in t6e pre~a~ce d: _ . - (Ssi?r.)
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STATE OF FLORIDA .
coUNTY g~ omi.e Johnson and 1lgnes Johnsoa, his wiYe, said
.
B~fore me per.o~ally app~ared Toffiie Johnson also ~own as Tommie Johnsoa.
to me we11 known aad knoMra to ~se to be tLe individwb de~cribed in and ~rlw ezecntai the foer.~oin6 insirus~ent~ and ~
~~~o.~?~a~a ~t«~ ~ ~.c ~r ~ ta ~ p~~. ~;a ~~..«t. ~P'ITNES.C mr hand aad
oi~i.l .eat ~n ~ cw~q aad State last afordaid tlw 9th day of D cember, 1966.
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My ('•omminion Espire~: Nota~ Pablie. State af
NARL' R. AVERY - - ~ ~ ~
Ftl.EO AND REC ~PUBLIC, S7ATE oi FLOr.iDA at Li,RGE
't~:.iOY EXPIFES 1~~1E 18~7 -1 ~ ',r"%
ST. WCIE COU . • : - ~ ~ • G '
RECORD VER1FlE0 ~ r~ ` = _
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'67 JAN 9 PM f ' S6 . ~ . ~ •r~< ~ .
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151`711 o e ~ ~ ~
iiO~ER'017R~.S sooK16.4 ~E 325 ~
CLERK C~RCUtT COURT _
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