HomeMy WebLinkAbout0400 ~ Our if le ~8-14, 343'
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ednw ~ee~rei Lere?r, ~11 ri~IN, ti1l~ ~wd iMtere~l ~f thc M~rt~K i~ ~wl t~ wr iw~~snet Mlicie~ tlww iw l~rr~ ~11 pw ~w tie
~6w~ K ~r~~e. _ .
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nMe ~wd i~ t~ i~e~ ~et Iwtl~.
lil 17~t if w~ d~ swM ~1 s«Ny ~creiw cdec~ei u M~wit K~~tl a~d tdl~ ~ rit~iw fltt~n i~riJ~cst
JMf t6! YMN Nrttv~~ ~c~w1M dN ~ M7~f• N~ M!~ M~ ~wfy ~ supvWMy. ~Lreew~~. nwdlfier awJ ev~r~p~Mi ~I NiJ
V~~1 ~u ~ tki~ des~, w eit4r. m wM trtl Mr/~nw~i. eM~yli~ vitl~ ~wd abideJ `r~ t?e .aia a~re~We ~w~ ~wcwi~we~ i~
iid~
~i~r ~~1 ~ a~e dre ~wi NY~?~e ~i~diwitr K tbe~t~ at t6s Ntiw ~f t4 ilfs~tlt+s« ~(~U~ ~wd ~«epfetey M ,
wr Mni~ t~ t~e es~tn~~ w~t~+Ww~w ~
~ wNe .r~ ~ripwllp ~ey~Jwi t~ `e wld M wrl~ d~f. aprtLi~~ i~ Ni~ ~ewiwr~ ~
lil 1Ltl iw ~e~ ~ecelente tl~e ~tva~ ~f the i~ds~~ ~f ~ee~d,, beuwe ~i ~e (~iirre ~ tl~e Y~ t~ M1 w~
ux. a~ew~ne~t. Ii~iWp. ~iliptlM ~r ewcwnbrawre rp~w ~ai~ ~nMet7. ~ bereiw ~vi~id, it ~6sl1 a~ be wer.aMaqr K e~~i~i~e Ih~t
tbc u~«rtsa~ee ~11 6nt Wf tke ~we.
2. 17ie Moetda~ee may, at !w optiao, wd witbodt waivu'~ Ws ri6ht to aooelerate the indebtedoa~ herebr
sccue~ed aud to foreelwe the sam~e~ pay eit6er before oc arter de!'mqueacy aa or a!1 ot thwe eertsin oblisation~
reqyired by the teran 6ereol' to be paid by~t6e Mo~ [or t6e protectioa o[ ~,~.«t~~ «:~~ri~r ~ ra ~~u~.
tion o~ tl~e indebtedacM 6ereby ~ecured, A!1 waw ~o advasoed or paid by the Mott~~e shall be char~ed into ihe
mort6aae aocouat aad beooine an iatearal paet t6eeeof. ~ubjeet ia all re~pects to the tesMS, caaditions, aad coveuanta
of t6e atoe~e~aid ps~erorr aota and this inoet~e, a~ ~all~ and to the ws~e e~tcat ss thouah a p~rt af the ori~paal
indcbtedne~ e~-idenoed by said aote aad aeeut+ed br t6i~ sort~~e. eaeeptio~ huwever. that aaid sunu ahall be rr.paid
tl~e Mort~a~ee forthwith upoa lts detuaud aad be in addiaon to t6e re~ular n~oathty iostalimeaU pcovided bY the
~nort6x~e aote. ,
3. TLat the abstnct or abstracta of title oorerina tbe rno~tsa~ed property a6at1 at all tim~a„ durina the life ot
thi~ mortgsae„ reuaain in pw~e~aian of the Mortaa~ec aad ia eveot d' the foreclosure of this monRa~ or other tram[er
of title to the nwrt6a~ed pe+nperty ia extinaui~hmeat of t6e indebtedness ~aw~+ed hereb~, aq risht, title and interest
of the bioct~or ia aad to any wch ab~trada of title shaD pass to t6e pnrchaie~ or ~antee. _
7o the e.rteat of t6e iudebtednw ot tbe Mo~or to the Mortsa~ce de~cribcd heoein or ~ecured 6~rebr.
=~e ~11oct6a~C u bee+ebT ~ated 1o t~e liea ut liar sad to the ri~6b o( the o~.nen aad holden tl~ereo~ of each
and evary mort~a6e. lien or~otlier iaaunbranoe m tl~e taa,d dpcrib~d herein whicb i~ paid and/or saw6cd, in wbolc
or inpart, ow o[ the prooeed~ of t6e loan dacribed 6ere~a or ~ecnr+ed Gersby, swd the reMec~i~e liew d~aid mort-
lieas or ot6er incutahrauoc+~. ~hal! be and tbe ~~se sad eade of tl~cm lieraLy u praerved and i6a11 pw to and
be 1~eld b~r t6e Mottaa~ee hee~eis a~ ~trit~ tor t6e i~lede~s to tLe ~iort6adee bereie described or hercby ~ecured. ~
ta t6e same ezteat t6at it Naild 6ave heea pre~er~ed and w~onld ha~e beee psMed to and been heW by the Mort6a~ee ~
had it beea daly andre~ lar)r a~ai~icd, trawfen~ed, ~et orer. aad deli•-erecl uuto the Mortaa~ee br ~eparate deed of
au~i6pmen~ notwid~~taad"ia; t6e fact that t1~e ~sme ~nq be inw!'ied and caacelkd of raooeri, it beia~ t4e intentioa o[ the
~.arties hereto that tLe ~aa~e wnll be wtis6ed aad casoelled o~ neord bp tLe lwlden thee~eof at os about the tia~e of ~
the rrc~rdin6 of tlw awrtpae. .
S: In the e~eat the o~wnenhip of the a~ortp~ed pe~emiie~. or sny Part thereof, becoma vested in a penoa otber ;
than tl~e Mort;aaor. the ~iortaagee may. „rithodt notioe to die Mortaasor, desl with ~uch ~ua~o~ or aucoa~o~ io ;
iatere~t s~-ith nefenenoe to thi~ deed and the debt beerb~ ~eennd, in the ~ame manner u~,citb the Mort6a~or without
in any wwr ~~tiatit~ or di~c6ar~in6 t6e Mortaa6or'~ liabil~t~ Iret+ennder or npoo t1~e debt hereb~ ~ecured. No ~ale of
tl~e premi~ herebs mort~aaed and no forbearanee on tt~e part of t6e ~toMRa~ee~ and eo extemion ~ the time for the
pa t ee e
parn~ent of tl~e debt her~eby- ~en~e~ed aive~ b~ tlee Mort~aa~ee s~sll operate to reksse~ dischar~e. n~odify~ chanae or alfect
the ori~inal liability ot the Mortsa~ot hercia either ia ~rLole rr in part, ~
Fi. The lieo of this deed ~ecu~ and ~alti ee~tia~re to ~ecare parmq~t oi said indebted~s or indebtedneN. ,
l~owe~er evideoeed~ ~rhet6cr by said prwniro~r note or ah? raaewa~ or e:t~mion d~ereo~ a wbtitnte tl~eer~or. or ~
~tl~erwiee~ nntil all wcG indebtedaea~ shati kave bees~ faUr p~id. ;
Z In drt event the mmtRagors u!!, convry nr [~ansj~r !ht mortgaged Qrtmises dtcr%ng tht !i/e oJ [liis mor~gr~L,~,
tl~~n this, mortR~ge shall, a1 t/~e oplron o/ the Afortgag~e ber~in, G~tnmt imm~dialdy due nnd puyablt for tht /~rll sum o/
~he prrncipal Lnlanct nnd interest ehen dut.
a. The terms "Mort~aaor„ ~nd "Mortsa~ee° ~r6eaever o~ed in this iostn~meat shsll ieklude the hein,~ rsonal
cepre~entativea, ~ucoy~ors aad iM1~Y ~ l~lE [~t[IYE ~I~~d bCfEtO. ~I~ErErET 11~ IIIC IqO~Y~~f I/L1AbE[ sI1sI1 lnelude
the plnrsl and tl~e ptunl the ain6nlar. snd the n~e of any ~ender i6ali inelude ali aeaden.
SiRned. ~ea~led and delivered in the pre~ence of: ~/~i~ _
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l.~' ~ . . . . .r.~' . ~ i~ . . . . (Sw.) I
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STATE OF RIDA u 4
COUNTY OF]O~
St. Luc - ~
Befon ~ae pe y appeared {~T, MoIIroe sud Jewel A. MoIIroe ~ hi8"wiYe.
to me well icaowa lcnown to me to be the tadividwls de~eri6ed in and ~riw ~e:eeuted the tore6oia6 i~trnw~eat, ~d ~
ackaawledRed bel'ore me that tl~ey executed the same for the purpa~e~ t6enei~ rxprewed. ~ITNES~ mr has~ add
oieial ~eat ia the Coustp and State last a(ot+aaii t!w -~th De~y 01' DA ~ 19b6
NARI. R. ~VERY
NQTARY PUBUC. STATE ot F~J3I~A at t; P,G~ ~ _ . . . ~ _ 4
~ MY COMYISSION EXPIRES 1UNE 30. 1967 ~
My ('.ommi~sioe Expira: NM~ry Pn iq~ State ~
ANO RECOROEO . . -
F~~o ~ - '
ST. WCIE ,
couNrr F~?. ~ ,
RECORD VERIFI~D . ' ' ~ ~ ,
151'~~61 : ~
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`6i Jl~NN I 0 AM i. 30 i
7 R AS ~ 1• a~,~ U~~``` '
f:O~CR i'01
CLERK CIRCUIT COURT O R ,
BOOK 1~~ PACE e7~ " '
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