The URL can be used to link to this page

Home My WebLink About1512 • ! . . t t~~. ~a~ • e« wtia a~ns~e~ ot u~k ~o ~~e w«~ ~ se ~tll' f ile ~-c~a j~~f'~ ~ t t~ P~~~Iy u~ eatu~s~~ ~I u1 ths ~ads~ edaess sc Ac~sbY. ~N r~iAt, hUe a~! ~n~e~eat ot tAe Mat~ya ~a a~d lo ~ey ~e~wance oolw~~s tA*~ torce M~ll ~~s to ~Ae pwc\~~s~ a p~a~et. ~ !hl Tn oe~ins. co~ply ~~W ~nd •e~de by e~ch and evtrfr tl~e s~~pulaUms, ~~ree~eau. coad~uows a~/ covts~nt• ~n a~~d p~oanasay su~e a~wf ~o M~s detd se1 (atA, (i 1 Tha~ ~f any of said swaa o( soneY here~n ~e(ened ~o be not pta~UY aad (~Ily Pa~d rrNhtn (~(teea days ne~~ at~e~ tAs s~se severallr beco~es dYe tad PaYabte.a if e~cA ~ed eve~y tAe anpd~uons. ~~eeweets. coeWUioaa asd cosenaets o( sa~d pos?s- so~r eote ~nd tA~s dee0. or elther, ~re not tuily pe~fo~ed. ca~pl~ed ~r~W ~od ab~ded Ay. tAe s~~Q ~kreqte srw *tauoned u~ a~~d pow~aaory note sbail beco~e d~ and p~yaple fad?~riU~ a the~e~tte~ at tAe opl~ou d tbe Motlpate as fully ~nd to~pl~tcly as if tht a~id s~~re~~te s~ of sa~d prasissaY aoee ~as ons~nally siipulated ~o se.psid aa sucA d~y. ~nytAins ie t~id ~aaisiaty no~e ot hsre~e 1o the coMruY uuot~ithstaad~n~. (j 1 That in o~der to ~ctelerate ~he ay~unty ot tAe iadebtedness hereby ascured. Eec~we o( tAe t~~lure ot tAe Mo~t~a~a to p~y ~nr taa. asaeasweat, lubility, obli~ation a eecw?brance upon s~~d propeny~ ~s herein provided. ~t sR~ll aot be neces~a~y or reqrisi~e ~Aat the eattiaaee sAall tirst par tAe sase. 2. The Mott~aaee may, st his option. and without waivins his ri~ht to accelerate the indebtedness hereby secured and to faeclose the sama, pay either be[ore or after delincryency any ot all of those certain obli~atio~s requircd by the terms hereof to be paid by the Mortga~or for the protection of the mort`a~e secutity or for the col- lection of the indebtedness hereby secured. All suma so advanced or paid by the Mort`a`ee shall be char`ed iato the motte~e account and becoma a~ inte~ral psrt thereof. subject in ali cespects to the terms, conditions. and covenants of the aforesaid promissory note, ~nd this matsase, as fully and W the saaie extent as thou~h a put of the original indebtedness evidenced by said note and secured by this mort~ase, exceptin~ however. that said sums shall be tepaid the Mottga`ee forthwith upon its demand aad be in r~ddition to the regulsr mo~thly install- ments pmvided by the mat6aae note. 3. That the absuact or abstr~cts of title coverina tl?e mortaased Prope:ty shall at slt times, durina the life of this mortgage, remain in posaession o[ the Mortgasee and in evant of t6e foceclosnre of this mortaa6e or other . transfer ot titfe to the mortaaged property in extia~uishment of the iadebtedness secuccd hereby, all ri~ht, titlc and interest of the Moct6aaor in aad to any such abstracts of title shall pass to the purchaser or sraatee. 4. To the extent of the indebtedness of the Mort=a`or to the Mottsasee desccibed herein or secnred hereby. - the Mortgu~ee is hereby subtogated to tfre lien or lieas and to the rights of the owners and holders t6ereof of each ~ snd cvery mortgage, lien or othet incwnbrance on ihe land described herein which is paid ud/or satisfied, in whole a in pan, out ot the proceeds of the loan described fierein or secured hereby. and the respective liena of said rtwrtgages, liens or other incumbrancea. shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortsaaee herein as secutity fot the iadebtedness to the Mortaasce hercin deacribed or hereby secured, to the same extent t6at it would have been ptesecved and ~vawld have been pasaed to and bee~ held by the Mort6agee had it bcea duly artd reaularly assigned, trans[erred. set over, and delivered uata the Mort- gagee by separate deed of assignment, notwithstaadina the fact that the sarne may be satisfied and cancelled of record. it beins the intention of the parties hereto that the same will be satisC~ed and caneelled of ncord by the hblders lhereof at or about the time of the recordins of this mott~aie. S. ln the event the ownership ot the mortsaaed premises, or any psrt thereof. becomes vested in a person other than the ;Nortgagor, the MottEa6ee may, without notice to the Mortga`or, deai with such successor or suc- cessors in interest wit~ re[erence to this deed and the debt hereby secured, in the same manner as with the Mort- 6aaor without in any way vitiatieg or dischu~ins the Mortsa~ot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgased and no fabeuance on the part of the Morts~tee, and no ex- tension o[ the time for the payment of the debt hereby secured ~iven by t6e Mongaiee shalt operate to release. discharse~ modify, chan6e oi aC[ect the ori=iaat (iabitity of the Mortgagor herein either in whote or in put. 6. The lien of this deed secures and shal! continue to secure paymcnt ot said indcbtedness or indebted- ness, however evidenced, whether by ssid ptomissocy note or aay renewal a extension thereof or substitute there- for, or otherwise, until all~such indebtedness shall have been fully paid. 7. In the event the ~nortgagors sell, convey or t?ansjer the mortgaged pren~ises during the liJe oj this mo.t- gage, then this nrortgage shull, at the option of the Mortgagee htreen~ becoree inuRediattly due and payabte for dre jull sun~ oj the princrpal balance ond inte~est then due. 8. The teans "Mortgasor"-~rrd "Mortaaaee" whenevet used in this instrument shall include the heirs, pasonal representatives. successots and assigns of the respective parties heceto. Whetever used the sin`ular number shall include the plural and the plutal the sinaular, and the use of any sender sti~tll include all ~endets. S' ed, sea liv ed in e presence ot: ~ ~~5~~ ' . ~`'e i~~?.u-e- (s~~n ' ~ - i STATE OF FLORIDA COUNTY OFli~ $s - ~ • Betore~mTe aron y"aQpearedJAMgB 3IS80 M08IC$ atld IDA MpT MORICT~ hie ti?ite to me well kao~vn and kuown to me to be tbe individuals described ia and who a:acuted tbe fare~oinj instrument, and acknowted~ed before me that they executed tbe same fot the purposes therein expressed. WITNESS my hand and off~cial seal in tt~,e~~t~~! ~~~~~presaid this ~pth da~y of July~ 1`T0. ST. LUC COUNTY. FLA. R= RD VERIFIEO r-~- i9`7448 . .1 - ~ .',~,~n = ~ly Commission E+i~rtAlll~P~O,~~ ~ Notary Public, State of Florid ` ~ ' y0 i91~r6 =o p:1'M / :l'G • ~ - ~r~ y~ , _ - ~ r ROGER POITR~S ~/~'~'~'y' . _ ,G,,,~.-~~' , CLERK CIRCUIT COURT~ ' • ,i 6 - 3 0 - . _ ~ 'I~~~~_-~. r ~+fl 7~-a.~..,~ . -~11~a+M~MN ~~8s P~~~.~i0 ~ ~ ; _ ~ - - - ~s___ ~ = . _ _ _ - ~ _ _ - - - - -