HomeMy WebLinkAbout1087 v~w+ a.rav v-+-~~~v~
MwtpN?• ia evewl d IsreelM~e u1 tbiu n~~NRaRC ~~~her trw~t~t d u~k t~ tbe a~rtpsed Pr~Pertr is e~~inR~i~ha~ee~ ~M ~~AeM•
edew whcta ?e~r, dl ri~t~ titk aud ia1t~M ~f Ibe IN~sIwtK iw a~d te My iaw~~?ee plieics tF~ew iA f~?« dull p~~ a Ibt
~weh~wr ~ ~ue.
l~) T4 P~+l~+~. e..~l~ M;~ a.a .~ide y•.~L .w~ e~ ~be .~iwl.~i~. a~r~sn~eW. erwdili~u~ ~ad c~veMwM i~ wi~1 pawis~~
Mt~ ~ad iw t~ ied ~et t~tl~.
li) Tlrt it ~~siJ wiw ~t a~~we~ Lereiw ode~ t~ b~ wM ~~wpl~a~ ~~If~ pi~ ~ritMi~ flttMn ~7~ ~eat
dtsr t6e ~use rsvsesllf bee~ww dre aa~i Nr~61t. ~r if ad~ aw~ ~wr~ Ni~lauw. ~I~eea~cwl~. rNdHi.w~ a~ e~v~~wwu ~f Mia
V~iMw'f ~te a~ t?i~ aeaJ. K either~ ~e w~t tdl~r PaiMwad. cwr~li~ aitti aad ~bide~ b t`e Mid a
r. sv~a~e .w. n~eMi.wea iw
f 1tbe
s~i~iwn w~ ~iul! b~ewe due aw1 M~~61e (ietr~ri~M K the~wf~ at the optie~ +f tbe ~Mon~aRee a~ tolir and r«npldeir r
~p~cpN s~ua ~f ~aid Ko~i~r w~te ~rr Kip~ltr ~tipal~ N be o~id wrl~ d~~. ~qrt?i~~ iu wi~ pr~wi~q Na
or herei~ t~ tl~e eMtnry w~tMitdt~ndia{.
Ij) Tlat iw ~r~er t~ ~eedehte tl~e m~t~uit~ d' tbe isdelteia~ ~ete?f ~eeured. becawe o( the (ail~:e e1 tLe Y~rtliri~? Nf ~7
t+x. wc~~uw~. liabilit7. ~~s~+w ~e ewnanbnm~e rp~w ~aia ~e~perir. M I~e~ prerideA. it ~lull a.t be aecewry K ~p~isite tlut
the u~~ttsa~tee ~hdl ti~sl p~~ the wwe.
2. Tl~e Mortsasee may, at 6iu optioq and withont waiv~ lii~ riaht to aooelerate the iddebtedna~ herebr
secured and to foreclae the ~aaae, pay eitl~er before or dtet deliaquenc~ aay or all uf those certain oblisatioa~
er.quired br the tenn~ hereoi to be pud by tlie Mort~~o~ for the peotection ot the a~ortsage security or for the oollec+ ~
tioa ot the iadcbtedna~ hee+ebr ~ecun:d, All wmr w sdvanoed or paid by t4e Mortaa~x shall be char~dt into t6e
mort6aae account and become an iate~ai part thereof. wbject ia a!1 respecu to tbe tarnn, ooaditiona, and covenanis
oE tbe afor~aid ptamia~orr notG snd t6i~ m a~ [nUy and to tM same e~tatt is thou6h a p~rt of the ori~inal
indebtednes~ e~idenoed by said aote aad eecu~ tlw moct~a~e, exceptius huwever, that xaid suma shall be repaid
the Mort~aa+ee ~orthwith npon itt demand aAd be ia sddidou to t6e re~tlar moathlr inetaliments pc~ovided br ihe
mort~?6e note.
3. That tl~e abstnct or abiracta of dtle eoveriaa tlie rr~ortaa~rl property alrall at ~11 tima~, duria6 the life of
thia ~nortga e. remain in poMe~ion o[ the Mort~a~ee and ia event oi t1~e foreclosure d this monaaae or oti~er trawfer
of tide to t~ moet6ased propecty in extin~ui~hment of t6e iadebtedneas ~ea~red hereby. all ri6ht, title and intereet
of tl~e 1ltort6a~or in and to sny wch ab~tracta of titk ahaU paes to the pne~cha~er or sraatee. . .
4. 'Io lhe e:teat of t6e indebtedaa~ of tbe Mo~or to tbe Mort~ee de~cril?cd herein or ~ecur~ 6enby,
the 1liort6s~ee i~ 6enbp wbra~a ted io the liea or lia~ aad to tlie riahq a( t6e m~-nen aad holden t6ereo~f of each
aad every mort6aae. lien or other incumbranee on t6e laad dpciibed h~rein M;}uch is paid aad/or satisfied, in whole
~ in pact, out o[ the prooeed~ of t6e loan de~cribed ~ or ~ecnred I~ereby, and the respcctive licns of ~aid mort-
liea~ or other incumbnnas, ahall be aad t6e ~aioe and esde o( thcm bereb~ ii ~,reserved and r6a11 par to and
~be~6eld by the Mort~asee herein as ~ecurit~ for tl~e iedebtcdne~ to the 1liort6a~ee hercia described on c~reby ~ecuzed,
to the s~me e:teot that it ~.ould 6ave beca prc~erved aad would hsve l~een~ to aad been held by the Mort6a6ee
had it beea duly ~~p~ e+e~ulul~ a~siaued~ tra~uferrr:d, ~et orer, and deliv uuto~•Mort6a6ee by aeparate deed of
.s~i6na~ent, notMZ u~din~ t6e lact that tl~e saau mar be ~stidied and c~aedkd of reeord. it beias the intentioa of the
partia hereto that tbe saa~e ~vill be wtia6ed and caaaelled of record by t6e Kol~~r ther+eof at ot abont the time of
the rrcordin6 of tli
i mart6a6e.
S. In the event the ownenhip of the mort6ased premise~, or any psrt thereat. Lecumei vestcd in a penon othes
than tl~e Mort6aaoc~ t6e ~iort~a ee may, withont notice to d~e Mortsaaor, deal with auch su~aewor or aucoeMOn in
i~~tercrt w~th ~+cfec+~aoe to this ~ and tl~e debt heseb~ aee.vnd, in iMe same manner ss ~,rith t6e Mort6a~or without
in anv way ~~tiatin6 or di~charRia6 t6e Mort~a6or'~ lisbility herennder or npon the dabt hereb~ sec~red. No wle of ,
tl~c premiee~ hereb mort~a sed and no [orbearance on the part of tl~e !~iortKaKee~ and no extension of the time for the
paymcat ot t6e dc~t hercb~ secured ~vea br the Mottsa~ee ~6all opecste to rekaae. discliaray modiiy. ch~n~e or slfect
the ori~inal lisbilit~ of the Mortp~on c~rein either in wr6oie ot in par~ _
fi. The lien ~f this deed securea and shall ooatiaoe to kcae+e payment of said indcbtedncas or indebtednw,
liowe~er evidenced, whether by said promi~orp note or aa~r reoewal or exteesion thercof or wbtitute tl~er'for~ or
otl~erwiee~ nntil all wch indebtedneaa shall liave been falh paid.
7• I» tlu evenf tlre mortgagors stI[. convey or hans/~r 1ht mortgagtd pnmises durinQ Uie lrJt oj Uus m~~rt~n~~~,
then this mort~aRe shnll, nt tIu option of the 1ltortgagee her~in, Lernmt immedrae~ly dut a~rd payablt for tht ft~l! st~ni o(
the pri»cipal GRlance nnd in[~rest the» dut.
8. The tertns "Mortaasor" aad °Mort~6ee" ~v6eaever naed in thia iastrument sl~all incluJe the hein, penonal
erpre~eentative~, wooeesors and aaipa ef the respectire parties 6ereto. Wberever used the EinRul~~ number ahall include
the plnrsl and the plunl tbe sin~ulaq and the uac o( any ~eader shall inelude all Renden.
Si sea a 've in the preience oE: '_y~ ~ 7y 1.- .
tc~2~' a~. (s~.
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STAT F FLORIDA
COU OF~ ~
St. Lucie
Before me peewoallr appeared Glenn L. Storms and Bathryn D. Storms, his wife
to me well known and Iwown to me to be the ind~vidwb dacribed in and ~rl~o exeeuted the foreEoins in~trnw~ent, a~
acknowledRed be(ore me that they e:ecuted the same for ihe pnrpo~e~ t6eeeia . ~/ITNES.~ mr hahd and i
oicial ~eal in tLe Countp and State last a(oraaid t6is 9th Day 0 J uetry ~ 196rf , f
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NARL R. AVERY ' {
NOtARY PUBtIC. STATE of FlDRIDA at LARGE
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pY CAMMISStON EXPIRES lUNE 30. 1461 f
My ('.mneniMioa Ez i~a: ~ f: n: o-
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Notarp-Pnblic, State of ":;,t w
F'fl.E D/~A
N~/~ R EEI~OVR~ p,~ • ~ y~ N! ~f 7 1' ~
ST.~.Uii~E\r0~~1 ~.t `/-~17,,~::~`?
RECORB VERIFI~O
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''~~r~~~~~~~;,,.~~' ;
'6T JAN 2T AM 10: q0 ~
152228
ROG~R POITRA3 ~
c~arc ciacu~T cou~ a~K164 ~10~ +
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