HomeMy WebLinkAbout0857 ~ ~ y ~ Our tile FS-16,53~
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~eLMr ~e RrMS.
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mte Mi ~ t?M i»i Mt t~L.
(i) 1tit it ayr ~t ..ii a~ d au..~ Leret. nteerei a ~e Mt ~c a~i t.il~ ~sii ~r~ tltteea ir ~t
~fter t6e ~t ~n0~ bee~M ~e a~i waW~, K i~ e~ a~i ~w~1~ w. ~seee~ew. cwdipNS a~ e~~eNw ~t ~sl~l
p~+~i~e7 ~a a~i tlt~ de~i. K eit~. an Nt t Mdww~. an~li~i v~a~i ~bii~i ~7. t`e w~ aipeqb ~w aa~ti~i i~
Yla ~f~~Mf~ NM ~WI ~l~~ dM a~ wiblt~M'ItiMlfk K fLQfl~tO[ al t`O ~N ~~0 ~I~ftp~0! ~~~II7 Ya C~{!l!~ r
it tb. ..ii~pM a~. .c .da .r.s~..e,~ ..te .d,~.v1f ~i~ol~ei t. re aia d.r. wdi.s i~ .da K..w.e,
er hereia a ti~ e~tr~r~
l11 1L.t i~ .~rie~ a.ocda.te ttie .aa~rit~ ~f ~ie Iw~i.ew LseeLr ~eearoi. bee.w .t ~Le tsiltin .t t`s Y«tp~ u r4 w
tu. M~eMtne~t. li~ili4• ~iliptiN M e~t~wbraea+e Ni~ ~np~rt~• a~ Lerei~ p'~vide~, it ~II Nt re ~OtON~ ~t e~i~it! ttit
t6e a~Kt~a~ee d~all 6nt pq tbe w~e. ~
2 The Mortaa~ee ma~, at Li~ optioa, and ~+it6oat waiv~'o~ his risht to aooelerate tbc iadebtedue~ hereb~
~ecnred and to foe+ecla~e the ~a~e. Pay eitber before ar dt~r delinq~cy aar or all of thwe oertaia obli6atiooa
reqnired b~ tbe terms La+eof to be paid by ~t~he Moet~a~or for t6e protection of t6e mo~t~aae aecurity or ior t6e oollea
tioa of t6e iadebtedoe~s bereb~ ~red. AU wm..o sdvanoed or paid b~ the Moctg,aaee aLall be cbaraed into the
mostaa6a aooount and beowne as intearal put theeeof, ~abja:t in all rapecta to the ~erms, ooaditio~, and oo~renants
of t6e doe~e~aid pr~irror~ aote, and thi~ mo~~e, as fnll~ and to tbe ~aa~e e.~t as t6ouah a put of the ori~insl
indebtedneM e~~deneed by ~aid nW~e and aecne+ed b~ tLis ~ort6a~e, exoeptina howe~er, that sud wms ~hall be e+epud
the Mortaaaee forthwith upou its demand and be ia addition to t6e re6ulu montLly installments pm~ided b~ tLe
~nortp~e note.
3. Tlwt t6e abstract or abstraeta of title eoverin6 tbe mort~~ Property aLall at all time~, dtuan~ tLe life af
t~i~ mortaa~e, re~nain in pora~ioa o[ t6e Mortaa~ee and ia event of tbe forecloaire o[ this mortaaae or other tcander
of tide to tbe mort~ased Prope~? in eztin6uishmeot oi tbe indebtedaess ~ecurad 6ee~eby, all tia6t, tide aad intere~t
of the Mo~t~saor in and to aay aach ab~trads of tide shall psss to the pue~c6a~er or arantee.
4. To tl~e extent of tbe indebtedaeN of tbe Moet~or to the ~ort6a6ee de~cribed hee~eia or ~ecnred Lee~eby,
the Mortga~ee is bereby o~a
ted to t6e liea or lieo~ snd to the ri6hts of tbe o~.-nen and holders thereof of each
aad every mortaaae, liea or~other ina~mbraaoe m t6e Iaad ddcribed hee+ein whic6 is pud and/or satisfied, ia ~?6ole
or in part, out of the pruoeeds of t6e loan de~eribed he:~ein os secnred hereby, and the reMective lieas aE ~aid mort
sa~e~, liens or ot6er inwmbnnoe~, ~hall be aad the aame aod each of them Lereby i~ preserved and sh~all paM to ud
be held br t6e Mortaa~ee henia as ~ecarit~ for t6e indebtedne~s to tbe 1liort6a~ee herein described or herebr ~eazred,
to t6e aaine ezteat t6at it would h~ve beea pre~rved and w~uuld have beeaps~ed to and been held by the Mo~aaee
had it beea dnly and y a~d~a~, transfere~e~i, ~et over, and deli~ered uuto tLe Mortga6ee by eepar~te deed of
~sei~nsneat, notwit]l~~~uN~the fact that t6e eame may be aatisfied au~ cancelled of noord, it beina the intentioa o[ the
~,arties Lereto that _the eame will be satisfied and caaceUed of record bf t~ holden thereoi at or about the time of
thc recordina of tiw mort~a6e.
5. Ia t6e evmt t6e owneiship of the mortaaaed pe+emi~es~ or aay part tLereof, becomea vested in a penon other
than tl~e Mortgaaor, the ~iortaagee may, withont notioe to t6e Mort6a6or, deal with such aucccasor or suocdson in
i~itereat Nzth re[erenee to this deed and the debt 6ereb~ secured, in the same manner aa with the Mortgagor without
in auy way ~-itutina or disc6ar6in6 t6e Mortaa6or
• liability he~+eunder or upon the debt hcnby secured. No sale of
tlie premisds here`r mort6aaed and no forbearance oa the part of the ~Hortga~ex, and no extcaeion of the time for the
payment of t6e debt heerbf secured ~ven by tLe Mort6aaee s6ait operate to release, diecliarae, modiiy, chanae or affect
the ori~inal lisbility of the Mortaa~or herein either in ~rLole or in patt.
6. The liea of this deed eecures and ehall oontinne to sec~re ~a} meat of said indebtednese or indebtednea,
I~owever evidenoed, whether by ~aid promissory note or any rencwal or extension t6ereof or eubstitute therefor, or
otl~erwiee, nntil all sach indebtedneas ahall 6ave been Inll~ paid.
~ T. In the ev~nt the mortgagors seil, convey or trensJcr l/re mortgaged premises duri»g the li~e oj N~is mortgage,
~ then this mortgage sha/l, nt the option of the lltortgagee herein, become immediately due and tiayable ~or the jull su~n of
~ the principal balance and interest then due.
~ 8. The terms "Mort6aaor° and "Mort~aaee" whenever used in thia iostrumcnt al~all include the heire, petsonal
repre~entatives, anooessoia and asai~ af the respective puties hereta Wherever ueed the ein6nlar number ehall include
the plaral and the plural the sin6ular, and the nee of any ~ender a6a11 ' clude all genders.
Si d eeal li ce~ in he resence of :
~ . P - - - - - - - . (S~-)
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~ --~r . - . -
STATE OF FI.ORIDA ~
COUNTY OF~L ~
B~
n~ 11~ ~ red 1d. ffi~OWL~S and B~OLAH P. S~f0VLB8, his Wits
~ ~ r~
to mc well knowa and known to me to be t6e individnals deacribed in and Mrho ezecuted the fore~oin6 instnimmt, and
~ acknowledsed before me tlut tLey ezecuted the same for the purpa~es tLerein espre~sed. qITNESS my hand and
~ o~icial ~eal ia tLe Coaary aad State la~t aforesaid thi~ ~ D~'~' Ot JUII~ ~ 1 ~
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