HomeMy WebLinkAbout2734 • ' ^ Our file ~S-1~,2?0 ~
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edew Me~roi ~r. all ri~1. titk u~ iwtcrwt ~t tl~e Ne~tpsK iw a~d t~ M~ iw~~nnee Ml~eia the~ iw fKCe ~ull pw t~ ~?e
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Mte ~ed i~ t~ ied ~st (wth.
ti1 '1'1rt it .t aii wo..t ..wq rerelw reteme~ u`. ad /~~tl a.i tNllr Mii ~ritri. lftt~ees ~.r •est
dter e6e ~a~e Nwnll~ becMa dM ~ M7~. K it ~ s~ ewqr ~~tip~4ti~w~„ apeercw. ewditiwr as~ c~re~aw ~f wid
~ Mu ~i t~ ~t eitl~. are w~t [rtl ~at~t~w~i. e~li~ ~rhti ad a6ii~i t`e wi~ a~pepM ~we w~ewtiNed iw
uid pn~niwq w~ ~11 bee~t d~re ~wi M~~le ~iterr?iti ~ t~6~~e~r.e.at~f.te~r at the ~ptiw d tlK M«tp~es a~ f.lly,a~d e«apladr ~
~ l~lt Y~+ ~~W~ ~ MtJ ~fMINNf~ M1! M~ ~~YI~~ wY~.s~~ l~ b! p~a N~~ ~j~ Y~~ ~ HIi \~M
~1Ef'fjA t~~tMtflf~ NtMN~M1Yd1A~.
l j 1 TAat is ~iei t~ ~eedente tl~e m~trru~ ~f tLe iadeLtei~sM I~ereb~ ~ee~ei. bceawe d the (~ilnre ~t ~ie ll~tppt a. M7 ~1
t117I~ ~MtMtOtMs ~~1~~ ~~{!~%N K~ iwl~YK'! tlpM M~a ~r M~ a[~11~~C~ ~l ~t~~ IIOt k AtdM~~ ~f f'6qYMIlO l~Yl
l~lt tll~ft5t[j!C ~~M td! M~OC.
2. Tl~e Mmr~ee may, at !w optioa,_ and wit6oat w~iv~n~ his risht to aooel~rate t6e indcbtedoas hereby
eecured aa+i to foreclo~e t6e same, pay eitber before or aft~r delinqv~aucy auy or all of thwe ee~tsis oblisatioa~ _
reqnie+ed br t6e ternr 6eeeof' to be paid by ~t~6e M~or for t6e prot~xtioa o[ the mort~e aecurity or for the oollea ~
tion ot the indebtednas hee~ebY ~ecured. All sum~ ao advanxd or ps•:d by the Mortaa~re shall be ciuraed into the t
mort6ase account aad beoome an inte~l part t6ereoi, aubject in ~l4 re~pech to ihe ternu, conditiona, and covenmt~ `
of t6e aiore~aid prolni~MOty aote, snd this m a~ faUr and to ~t6e same a~~eat u thouah a pad o[ the ori6ina! ,
indebtedna~ e~-idenced by said note and s~aa~ tLi~s mortdase. eaocptin6 huwever, that said wuu slull be repaid
the Mort6a6ee forthwith upon its dewaa~i aad be in addition to t6e reaular n~onthly instaqmeats providcd ~y the ;
inort~~e note.
3. T6at tUe ab~trsct or abstracb o~ ti11e ooverina t6e mort6a~ed Property slull at all tiraes, durin6 the l'Je o[
t6is mort~a~e, remain in poMe~rim of tbe Mort6a~ee and in eveat oi the foreclowre ot this mortaa6e or other tran~ter
of title to ti~t mortdaaed Prope~ty in extin6uish*aent of t6e imdcbtedn~s "a."~r'ed 6ereby+ all ri66t, title aod interest
of the 1liort~or iQ and to a~y suc6 abaract~ uf title +6a11 Paa to the pnrc6aser or anatee.
4. To 16e exteat of t6e indebteduas uf t6e Mo~ur to t6e Mort~aee de~cribed hereia or secund henbr,
thc ~iartaa~ee u henbp wbro~ated to the lim or lied and to the re6hts o[ the o~nera and holden thereof o[ each
and every mort6aae. Gen ~ other ioc~mbrana on the 1'nd descnbel heni° whic6 u paid and/or aatie6ed, in wbole
or in part, out af the peooeea~ of t6e loan de~cribed ~er~a or ~ecn~+ed hcraby, and the res~ective licas e[ sud mo~t
~ n
6=6a+ lieo~ or ot4er incnmbranoe~. ~hall be and t6e same and each of them 6cnby u preserved and s6a11 ~n to and.
be 6~Id bf t6e Mortaa~ee henin as ~ewritr for t6e iadebtednas to the ~iort~a~eee hecain deseribed or h y~ecured.
co t!u same racteat that it M onld 6ave l~a preserred aad w~ould 6ave been paMed to and been held by the Mortaaaee
had it beca duly and uly uddoed. tr+imferrod, ~et oru, and deli~ered nuto the Mort~aaee by ~eparate deed of
arai~nanent, notwitl6sta~ t6e fact that t6e same ma~ be sstisGed and canodled o~ reoord, it beina the intentioa of the
~,arties Lereto that t6e sae~e will be satisfied aad canoeiled of reootd by ilre lioldees thereof at or abont tVe tia~e of
the recordin6 of tlw mort6aae. ~
S. L~ the evmt t4e owaers6ip of the mortaa~ed pnmisn. or any part thereof, becomes veated ia a penon other
than d~e Mort6a~ur, t6e'liottaag _may, wit6ont notice to d~e Mort~aaor, deal with wch sncoe~sor or sucoe~wn ia j
tIItCTt11t N1[~l l+E~C~E LO t~itd deed ~nd the debt Le~rb~ ~ecured, in the eame manncr as with the Mort6a6or without ?
in any way ~-itiatia6 or disd~ar~in6 the Mortaa6or's Wbility hereuoder ar upon the debt hereby secur~ed. No wle of :
tlie p~niisd~ Lereb}~ raort~aSed and no iorbearanee m the put of t6e '.Nort~a~ee, and no extension of the time for the ;
paymeat of the debt herebj .ec+.red pven br the Mortsaaee ~haU operate to release, diecliar6e. modify, chanae or aliect
the ori~inal iiability of the Mortp~or hereia eit6e~ ia whole or in ~art.
G. The liea of this deed ~ecurea and s6a11 eonhtiane to ~u~+e pa.rmeat ol' said indebtedneas or indebtednew.
liowe~er evideoced, whet6er br said promiMOSy note or any reac+oal or eutension tlienof or snbtitute therr.for, or f
otl~erwise, nntil all wch indebtedneas shall ha~e beea falh paid. ~
T. In the event the mortgagors sell, conv~y or trans/er fhe mortgagtd premists during the li/e of t/eis mor-tgn~e. ;
' t/ren llris mortgage shnll, n~ tlle option o/ the 11Sortgagee herein, Letnme tmmtdin~ely due and payable for tlie fttll sum o(
~ 1/ie pri»cifiol Galance and inle~~st thtn due.
~ 8. The terms °Mortaaaor" aad "Mort6a~ee" ~r6enever u~ed in this instrumc.nt ahall include the heirs, pereonal
repre~entativea, snooessors aad sssi~~os af the respective parties 6ereta Whee~ever u~ed the ~inaular nnmber ahall include
the plnral and the plunl t6e sin~lar, sad the use of aay ~ender s6a11 inelude all ~enden.
:
~ - Hi s ( ~ ) Mark ~
~ Si , sealed and 'v in the pir,aeace o[: - _ . - - (Se~?~.) :
. . . . - . . Joe _Archer
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STATB OF FLORIDA ~
LOUNTY OF~ . ~
ST . I,IIC JOE ARCHr:~ and REDONI~1 ARCH~R hi s Wif e.
Be(ore me personally appeaeed ^R ~ ;
to me well known and known to ~e to be tLe individnaL ddcribed in and who e:eeuted il~e foreaoin6 in~tcameay aad ;
acknowkdRed before me that they executed tLe same for the purpo~es t6ee+ein exprewed. ~ITNES~ my hand and '
~ o/icial ~eal in the Count~? and State last aforaaid t6i~ lt~jp DSy Of ' g fi~ 19fi'~
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Mv ('.ommiwion Ezpirea: ~TilIIB.. 3O ~..-19?Z-. Notary Pubhe. State of Flor r~~~)~.. ~
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B~x167 ~A~2.?'34 .
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