HomeMy WebLinkAbout2240 • • - . .
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~ our fils 5-~9,93?
tAis ~at~e ar otAs~ u•~ats~ o~ ~ii1. a i~. .onaatN o~ovsr~r ~u ~•ii.t~;sMe~~ ot U~t ~Mestedaess iccured Ae~sey. aU ~~~U~. uqe
~ad ia~aesl ot d~e Mat~yor i~ siW to ~er wm~~c~ Ooliei~i tN~ ia (o~e~ aAall osas to 1M rrc~~at~ or sr~nue.
lW To ~etfo~. co~01r vit~ u~ ae~de br t~er uid •r~ty dN atiwtations. asresMau. caWitiosa ~A COr6A~A1• ia sa~d aaa~ssay
wts ~d i~ ~4~s desd sst to~th, '
(i 1 71at if ~ny ot ~aid swos ot ~owsr Mereis re(eeed to be ao1 ~to~Otly ~M t~lly wid vitAi~ (i(tssn d~ys next at~er
W~ sw Nru~iljr b~ea~ss dne ~d osl~aele.a if sacA pd ~~srr t?e stiwlstiou. ~~reeweau. eosditioas ~sd covea~su o( s~~d pos~s-
sary aote a~ tAis Ae~d. o~ •iWe~. sn so~ t~Olr ~rfatisd. cu~liad ~itA ~ad ~bidsd by. the :~~d a{{re~aie s~w? ~esuoaed ~n s~id
orp~iascryr sot~ dall becaw dre aad p~rsek fatth~id~ or Msrsatt~t at 1ht ootia~ ot tbe Mo~tN~ee as fullr u~A eo~pletelY aa if We
said a{ire~at~ swi ef i~id p~aruisory ~ots ~r~s o~iawllr siip~lsud ~o M o.ia ao ,nc~ dar. aarWins iu said ~owiaaory aote or bcrein
to tAe co~uup soaritbtaedia{.
(j ) TA~~ u arde~ to aee~le~~u W~ ~twitr ot dw i~debt~dasss Mreby s~eured. bee~~ss ot tbe f~il~re ot We wo«a.j« ~o wr •pr
auesa~eel. tiasility. abiiptian a~ encwbr~aee r~ said ~operty. u Mrein provideQ. it s~il not be, aecessur o< <eauisite that the
~«~ee ,eau tu.~ o.y u~. ,..e.
2. The Moti~a~ee may, at 6is option, and without waivin` 6is ti~ht to accelerate the indebtcdness hereby
secured aad to [aeclosc tl?e sa~ae, pay eitber befon or atter deliaqueacy any or all of those ceruin obli~ations
required by the terms hereot to be paid by il~e MottsRsoc for the pcoteetion of the mort=a=e sec~rity or fot the col-
lectioe of tbe iadebtedness hereby secured. All :wns so advanced or paid by thc Moctaa=a~ shall be char~ed iato
th~ c?wrtfa~e account ~u ~ntesrai put theteof, sobject in all respects to ihe terms, conditions. and
covenants o~ t6e afaesaid pranis~ocy nota. and this dwct~tae. as fully and w tha same e:tent as thouih s put
of the oriaina~ iadebtedness evidenced tiy said r~ote and secured by this mortsate, excoptin~ however. that said
s~uns shatl be repaid the Mortsasee fortbwitb upon its demaqd aad be ~n additiod to the reaulat moathly _install; .
meeu provided by thR mortja~e note. ~ ~ . .
3. That the abatract ot abattacts of title coverios the awrt~aied pmperty shall at all times, dutinE the life
of this mortgase, remain in possassioa of the Mort~uee aad ia eveot of the faaclosure of this mortsase or other -
trartster ot titie w tha m~itsa=ed propertY ~n eatia=uishment of the indebt~dness sec~ued hereby, all ti~ht. title
and iaterest of the 'i~ort~aja in aad to aay such abstrscts of title .sball pass to the purc6aser or sraatee. _
4. To the exteat of the indebtedaess ot the Mort~asor W the Mort~a~ee described herein or secared hereby,
the Mottgssee is hereby subro6ated to ttie liea or lieas and to the rishts oi the awners aad holders thereof of each
and every rtartsase. liea or othat iacum~ance oa the laad described herein whic6 is paid ard/or satisfied. in.
whole a in pact, oat of the ~oeeeds of the loan desccibed hereia or seenred hereby, aad the respective liens of
said mort~a~es, liens or other iacwnbrances, shall he and thc saane and eacb of them hereby is preserved aad shall ~
pass to and be held by the Mort~a~ee hereia as secwity for the indebtedness to the Mott`a~ee herein described
or hereby sec~ued, to the same extent thst it wonid have beea preserved and ~vonld have been passed to and been
held by the Mortsasee had it been duly aad reaululy assi~ned. transferted, set ovet, and delivered unto the Mort-
sa6ee by sepaate deed of assi`nment, aotMit6staadias the fact tbat the same may be satisfied and cancelled of
recad, it bein~ the iatentioa of the parties hereW~ thst the same will be satisGed snd cancellad of recotd by the
holders thereof at or sbout~the~time of the record~»= ot this mortsa~e. ~
S. In the event~ the owners6.ip of the mort~ased premises, or any put thereof, becomes vested ia a person ~
other than the Mortaagor, the Mortsa~ae may, without notiee to the Mortgaaor, deal with such successor or suc-
eessors in iaterest with re[erence to this deed aad the debt hereby secnred, in the same mannec as with the Moct- -
sasor without in any way vitiatias or dischu~ia= the Mortjaaor's liability hereunder or npon the debt hereby
secnred. No sale of the premises hereby mon~ased aad no fabeuanca on the put of the Mort~asee, and ao ex-
tensioa of t6e time foc the paymeat of the debt hereby secared siven by the Moctgagee shall operate to release. ~
; dischuae, modify, chanse or affect the ai~iaal liability of t6e Mortga~or 6erein either in whote or in part.
6. The lien of thia deed secures and shall contioue to secure payment of said indebtedaess or indebted-
ness, 6owever evidenced, ~vhet6er by said promisaory note or any renewal or extension thereof or substitute there-
' tor, or otherwise. uatil all such indebtedaess sha116ave beea fully paid.
~ 7.. In the event the inortgagors sell, convey or traisjer the neongaged pemeses duiing the lije oJ this n~on-
r gage. then this n~ortgage shall, at the option oj the Mortgagee herein~ beconie inureediately due and payable Jor the
Jull suni oJ the prineipal bolaue and inttrtst then due. ~
8. The tem~s "Mort~aaor" and "Mortaasee" ~rfienevet used in this inswment ~shalt include the heirs.
pasonal representatives, successors and assi6ns of the respective parties 6erew. Wherever used the singular
` number shall inclnde the plural and the plural the siasulu, and the use of say 6endar shall include all genders.
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~ Sig . seal v in the presea (SeaD
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(Seaq
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STATE OF FLORIDA
COUNTY OF ~ SS ~ - .
~cor~~ ~
o. r wau~ J08~i 8~'tI'1'H and. g08T~T8S SMITS, t~ia, irile ~
to me well kaown aad kno~vn w a~ to be tlu individwls described ia aad who esecuted the fore`oin~ instrument,
and actnowled6ed before me t~iil.~ByA~tO~~~RDi~ [ot e putposes therein expcesseig9Y~TNESS my hand
and official seal ia the Count~+~d~$~1~1~Te~a~~s ~tih ~ OT J1lIIe! ~0
i:: :~f?~f; VEr~IF1~D ~ • .
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3 AM 9 . 4 , _ ".;.::y'_
'70 JU~ I ' ~ ` } ` ~ ~
My Coa~mission Expires: J~0 19n Notuy Public, ate ot ~lorids, i~
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~~O;;E~ rO~TRaS - ~
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CLERK CiRCUIT COURT' ~ ~ ~ ' -
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