HomeMy WebLinkAbout0598 ~ ~ 5-17,422
Mo~tp~. la t~s~t d fKetlw~rt ~f ~Au n~~rtp~ w Nbsr t~wd~t ~f Ii~M tiK a~~rtR+R~ MMKrtf is rslinR~i~An~.e~ .d ~M ~w~1.M•
edew ~ceured ?e~ebr. ~11 ~i~1. 1i~1~ ~a~ ~a~~nst d tlK Mw1~K iA ~ 1~ ~wy i~wn~re Niiriq 11ww iw f~n• ~~1) Nw t~ 1~
~Yft~lNtf Y~ ~fN1tt
1?i T« ~Mn~ e~wpl~ rritl~ wt ~?idr eK? ~ evety +`e ~l~1i~. a/n~l~ ~+w~i~iw awd r~v~w~wa ~s wid p«wu~~
nN~ ~nd iw Il~i~ JseJ ~e1 f~e1\.
lil '[Aa~ if d w~ ~ww ~f ~~wef kreiw referral `s ~wt K~~r aw~ t~lly ~ai~ Mitbiw nn.r~ wra~
~~~er ih? M~ue ~erc~dl~ bre«aa~ dYe ~wd Wl~ble. K if ead~ a41 sreqr tM ~eiN4ti~ ~R~etrwc+N~. t~wdi~i.w~ awd ~wv~wnb ~f M~d
yrwuwn wNe N~ t?u ~ieed, K ~itlK~~ ~e wN ~rll ~er/~e~wsJ. t+~~li«I vil? u~ abi~ i~r. t~e w~ •~reM~~ ~~m ~w.n~i~weJ ~w
.~iJ prwuu~~ry aMe ~alf beeuwe dw aw~ My~Ne ~i~ti~wid~ w diereat~ N ~be ~i«~ .t tM M~n~~se w f~lt~ ~wd ~ wmpl~alr y
~1 ~6c ~ai~ •~re ~ue .ww ol s~id ~wwiwK~ w«e wr Ki~iwallr ~tiwlMe~ k p~id M wrl~ d~~. ~wy~Mi~R iw wia p~wry ~e
o~ herein tl~e ~~wtnt~ w~taith~t~nd~~.
~ j ~ Thq ~w ~ler a ~e~eleh~~ dK nut~a~ ~ tl~? iwrsit~i~e~ `cre~~ Newe~. bsc~we ~f ~?e (ul~re ~t t?e OI~etMltK N) +~l
a+.. sw~uri~wt. lia?ili~f. ~?lipti~w K e~wnbruNS ~y?~w Ni~ ~trtr. M 4ereiw pteviJ~~l. i~ ~hdl ~ be wercw~r K na~aat dut
II~~ ~~~NtC~R~'r 11fM w~ l~M Nn1t.
2. Tl~e 111ortsa~e ~naY~ at ba optioa~ aad wit6o~rt „raivu~ Gi~ risht to aecelerate the iad~bceJae.. hereby
~ecured aud to ~orecla~e the ~aiae. pay eithec bofare or a~tet deliaqueocy ~ar or sll uf thwe eenris ubliRatioa~
e~eq~ired by il,e t~raa I~e~sof to be paid b~ tbe M to~ the prot~ciioa o[ the awrtaaEc recurily o~ tor lhe oollec-
c~
tioa ot tl~e indebtedaeM hee~eby ~ecured. All sumr ~o asoed or paid br the ~lottaa~e rhall be char~ed ioto the
~nort~aRe sccount aad beco~ne~ a4 iate6~d p~rt t6ee~eo(. wbject ia a!1 rrapect~ to the ten~s. ow~ditiw~a, and tOYEAlA1~
o! the sfor~e~aid pranirory note~ and:tlw~a~, a~ (all~ sad to the ~aa~e e~teat ss tbou~h a p~rt of the nriRiaal
i~~~irbtedner evidencnl by s.id aote and ~eaued b~ tl~a rnoetsa~e. e~ceptia6 lwwe~er. that ~csid ~uau~ shall Ix r~paid
the MortRa6ee forthMit6 upoo ib deniaad aad be ia additioa to the naulsr maa~hiy i4staHmente provid~d h~~ the
u~t~rtRaRe aote.
3. Thr~t tl~e abrtraet ot sbiracta o~ titk ooverin6 t6e mortaa~l property al~all at ~11 timay durin~ the tife o~
thir ~noriga e. ~emain in pw~erioa of the Mortp~ee aad iR eveat of the toreclaw~ o! thi~ mon~aae or ~~ther traa~fer
of title to t~ nwrtRa6ed property ia e:tia6uishmest of tbe iadebtednes~ ~ecured 1~ereby. ail riRht. title aod iatcre~t
of the 111ort~or in and ~to aar wch abstractr o( title ~haU pab to the pure6a~er or 6rantee.
4. 7 o the exteat of tLe iedebtedoeM af t`e Mort~r ta tbe Mortaaaee de~cribed herciw or ~ecured 6ereby.
the r1o~a~e u henb~ ted to the li~a or iia~r aod to the ri~ltq o~ ~h~ o~.nen aod holden thereot of cach
a~d every awn6~e. liea or incumbranee on il~e land describeJ herein „hieh i~ paid and/or estie6ed, ia whole
or is p~tt~ out of the prooeed~ of t6e loao de~eribed 6erei~ or ~eenoed hee+ebr. aad tl~e nespective lieas of said ~nort-
~ lien or other iacumbsaac~. aball be asd tbe s~~ a~d eac1~ of thcm hee+eby u ~.rderved and ~6~11 paM to sod
be held b~- tIK Mort~a~ee hcr+cia a~ ~e¢urity (or tl~e indebtedt~ to t1~e lltortR~~pee I~eeein de~rribed or henbv ~ecured.
eo tbe sarae e:teat t6at it M~.uld 6ave lieew pe+ererred aad w~ould 6ave hecn paMed ta aad been heid by~ the :NaiR~Ree
I~ad it t~eeo Juty aad e~eRulu~~ a~a~p~ed, traaderred. ~et orer. :ud deli~er+e~l w~to tl~e Mortaa~~e b~ separate deed ot
~xu+puncn~ notwith~tandias tbe fact that tl~e sa~ne a~ap be auia&ed and eancdkd of record. it beinR tl~e intention of the
~~arties I~er+eto that t6e sawx will be ~atis6ed aad caaoelled d record by tl~e I~oldeh thereof at or about the time of
1he rrcor~inR of tlti~ wwrtRa6e.
S. In the evmt the ownenhip of the a~ott6ased Pre~nises. or an~ part t6ereof. 6eeomes ve~tcd in a penon ~ther
than tl„e '.11~?rtxa~or. the _llortRagee mar. without aotice to d~e lYiortaaaor~ deal with ~ueh sueee~.ar or .ucce~on in
iutereet ~?it1~ refetenee to thia deed aad 16e debt l~eteb~ ~ecne~ed, in tl~~ +anx n~anner as ~rith the \1ortRaRor without
in am war ~itiatinR or diseharypiaR the Mo~a~'~ li~bilit~ 6c~eunder ar up~n the deM hereby ~ured. ~Io wk of
tl~~ prr.misez lure6~ mort s6ed and ao forbearance on tlre pait at the '11artRaRee. snd RO lkftf~ltOn o! th~ time for the
, r.~y.,~~,~ .~f ~h! debr lKrr~~ .~~Kd br ~he Mo~ea.~ee.l.~ll op~~e ~o .rk.K. di~cl~ar~ modify. chanRc or alreet
the nri~inal liability of the NortRs~or hereia eitl~er i~ whole oe in paet.
6. '!'1~~ liea of thi~ dced ~ecures and shall coutuue to ~ecue+e pa~meat of aaid iadebtednea. or ind~MedaeN.
I~ow~~er evid~nccd, whether b~ ~aid pronti~w~r note or anp reaewa~ or extem~an ~he~of er wbatitute ~h~rrfor, or
otherwiae, until all wch indebtedeea~ ~hall lure beea iq11r paid.
7. Irr Nr~• ~~rnt fli~ nrnrl~a~~rs .t~ll. ru~rt~r~~ nr~tra»s(rr llrr »ror~~o~~d pr~miccs dttri»C t/rr li/r ~,f Jh» m~~~r ~u.•,'-
ll~~n ll?i~ ~n~.rlrn~r s/inll. nl llr~ uptinn o/ N1~ Alortfin,~~~ hirii?i. br~nmt imui~~liaf~l? duc and pnynLlt (or tbP f~ill ~r~•,r :
flr~ p?in~ ~~,n! r~,ilnn~r ~i~id i~rtr?~tt ll~t?t dttc.
8. Th.• terma °MortRa~or" and "Mort6asee" rr6eoever u~ed in this iaatrument ,~I~all incluJe ~he I~rin?. perwnal
rr~?rr«•nta~i~•ee, suceea~on and ahipw of tl~e respective partie~ 1~ertto, ~1~erever u~ed the ~ioRul~r numher shall include
tfx plural a~d the plur~et the ~ia~ular. and the uae of any ~qeader sl~al! intlude sll ~eaden.
Si .~ealed and de ' ia the e+esenes oi: (S~) ~
- ~.~.~-~'Z-. o~--~-~.. , (gcwt.) ~
C..e'`d~h,t''
STATE OF FL(1ZlUA . ~
COUNTY OF~ ss
ST. ZIICIS J. 0. L8B snd I88AS ~ I,~ES, hie Wite
Hefon me penonallr appeared
to w~e ~+ell knowa ~nd icaowo to me to be tbe iadividnab daeribed in aad ~rho eteeutal tbe toee~oia~ iaurumeot~ ~nd
ackao~vlcdRed before me that thep e~eeuted the ~au~ [or the purpwes t6ercia espreMed. T1iB~~ n~v h~ed sad
oieial real ia /be Couoq and Stste la~t aforeaaid this 2811 D~ O= ~C• T~ 9~$
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