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HomeMy WebLinkAbout1768 ~ . . ~lll` t~19 ~j-20~~1 tA~s wai{~~e a oUN~ u~ask~ d h~le to ~As .«~~.a.a orovs~~r ~ qlMjYt~AMAI O~ tIN uds?tedassi sec bs~ebY. aU ~~~A~. ~uls ~Mf ~~~e~est o( tAe Ma~~a iN uN ~o ~eY ~e+wauce polici~a ~Mt~ ia (ora~ ~MII pa~s ~o ~M p~rcAus~ a p~wtee. lA) To ~er(aw. cw~ply ~~d1 aad ~b~de sy ~scA aed ~rar 1A~ sup~lat~ana. ~{~e~w~~l~. co~Ait~oa• sM eoven~au ~a s~~d ~aei~say i ~ nu~e u~d ~n Mu ~eed s~t (aU~. . ~ TMat u~r ot s~i~ s~nu d~oney Asre~e referrcd to be aot ~a~pt1Y ~4d tully Psid vuA~a (~heea d~ys n~a~ a(~er W~ su~e sever~lly lsco~a dre uM ayssl~.u~ if each a~t ev~~y tAe ~upYl~tiou. ~~eswenu. cood~~iau aM eov~n~nt~ ot aa~d pow~s• sar uote u~ tUis de~d. a efthsr~ ~n eo~ f~?Ily pe~(or~cd. ca~lieA ~ri~A ~ad abided OIr. tAe sa~J ~~{rs{~te ~caua~ed m srid poMiuary pott s~all ~ece~t dre and p~Y~ble tathwilA a Uwre~fter •t tAe optio~ ot tIN 11at~u~e ~i felly and copletslY if We •~id a{{te~~te sw~ of ~~id ~o~issay aote ~ras oti~ia~lbr atioul~ted to ee wid os sucA daY. ~aymu~i ~ said pro~i~sory ~ot~ a b~~ain to tAe coat~~ry sot~itlut~adia~. ~ (j ) TAat ~n order to aec~la~te ths mtwitr of tA~ iadebteda~i~ Aereby secured. eea~we ot the t~il~re of We MortN~a ~o ~Y ~nr t~a. •sssasseal. lialilitY. abli~alia~ « encwabr~nce npoa s~id ptopertr. ~s Atreia p~ovided. it sluil not M ascessuY a reqaisiie M~t the ~wt~~~ee sAall tirat ay We sa~e. 2. The Mort~a~ee may, at his option, and without waivins his ri~ht to accelerate the iadebtedaess hereby aecured and to taeclose the same. pay either before ot ~tter delinquency any ot all of those certain obli~ations required by the terms hereot to be p~id by the Mon~a~or fot the protection of the mort~a~e security or fot tt~e col- lection of the indebtedness hereby secured. All sums so advanced or p~id by the Moct`asoe shall be charfed into the mort~ase account and becoma an inte~ral put thereof, subject in all respects to the terms, coaditioas. aad covenants of the aforea~id pranissory note, and this moctsa~e. as fnlly aad to the saa~e exteaE as thoufh • put of the oti~inal indebtedaess evidenced by said ~ote and secured by thit aattisse, exceptia~ howevet. that said aums ahall be repaid the Mort~a~ee forthwitb upon its demand aad be in additia~ to the re~ular monthly install- ments pcovidad by the mott~ase note. . ' 3. That the abatract a absuacts of title coveriaj the aart~~ed property shall at ail times, durin~ the li(e of this moctgase. remain in posaession o[ the Mo[t~aiee and in event of the foteclosure ot this mort~sse or other - uaasfer of title to the mottsased property in extia~uisbment of tbe indebtcdaess secnred heroby, atl rifht. title and interest of t6e Mort~aa~ ia aad to any such abstracts of title shall p~ss to the~ pnre6asec or ~rantee. - 4. To the extent of the indebte.dness of the Mort~sj~ to the Mort~uee desccibed hetein or secmed hereby, the Mort~asee is hereby subro~ated to the lien or lieas a~nd to the ri~hts of the owners and bolders t6ereof of each . and every mort`a`e, lien ot othec incumbraace oa the land desctibed herein ~rhich is paid and/or satisfied, in ~ whole ot in pan, out of ihe proceeds of the loan described hetein or secnred bereby, aud the respective liens of aaid moct~a~es. liens or other incumbrances. shall be and.the same aad each ot them hereby is preserved snd shall~ pass to and be held by the Mat~asee herein as security for the iadebtedness to the Matsaaee hereia described or hereby secured. to the same cxtent that it wonid fiave been preserved and would have beee passed to aad been held by the Mort~a~ee bad it been duly and nsulatly a~si~ned, transfened, set over, and delivared uato the Mort- ~asee by separate deed of assi~nmeat, notwithstandin~ the [act thu the same may be s~tisfied and caacelled of recad. it bein= the intention of the puties herew that the same will be satisfied and cancelted of record by the holders thereo[ at or about the time of the recordint of this mortea=e. S. in the event the ownership o[ the morttaaed premises, or .aay part theteof. becanes v~sted ia a person other than the Mortga6or, the Mortga`ee may, without notice to the Mortsa6a. deal with such successor or suc- cessors in interest with refe~ence to this deed and the debt hereby secured. ia tha same msnner as with the Mott- `a~or without in any May vitiatina or dischu~ia~ the Mortfs~or's liability hereunder or upon the debt hereby secured. No sale o( the premises hereby rtan`a~ed aad no fabeuance on the put of the Mort=a~ee, ~nd no ex- tension of the time for the paymeat of the debt hereby secured `ivea by the Mortsa~ee shall operate to release. ~4 dischu~e, modify,-chanse or affect the ori~iaal liability o[ the Mortsasoc henin either in ~vhole or ia put. ~ 6. The lien o[ this-deed secutes and shall contic~s to aecure paymeat of said indebtedaess or indebted- ~ ness, however avidenced. whether by said promissoty note or aay reaewai ar extension tbereof or snbstitute there- ~ for. or otherwise. until all such indebtedness shall have beea fully paid. 7. In the event t6e n~ortgagors sell. convey o? transjt? !ht rnoitgaged pemists during tht fijt oJ thts ino?t- gage, tben this nartgage sholl, at the optio?e oj the Mortgagee he~tire, b~come i~unediately due ond paya6le Jor the jull swR oj the p?irecipal balance and ieterest then due. 8. The teims "Mort`asor" and "Moct~a6ee" whenever used in this inswment shall iaclude the 6eirs, persona{ representativea, successors and assi6ns of the respective parties herew. Wherever used.the sinsular number shall include t6e plural and the plaral the sin`ular, and the use of aay ~ender shall inciude sil 6enders. . . - Si6ne sealed a eli the presence ot: ~ (Seal) . (Seal) . ~ . ~.e~, . STATE OF FLOR[DA ' COUNTY OF~ ss - ~ro~~me ~eU~on ~y sPpeare~BIIrLY DePBIEST and BONN~F DePRIEST, hie riSe to a~e well kuorm aud knoMra w me to b~ ths iadividuals desaibed in and wtw execnted the fote~oin~ instc~ment, and ackno~?ted~ed befa~re me that they executed the same (or the purposes t6eraia expressed.~ NIINESS my hand . and o(ficisl seal ia the Connty and State last ataesaid tbis lSt dey Or Aligli8t ~ 19'~. ~ • ;,,',,,.u 4 . ' .~,~~k~~i f, *.~r. ~-,.~-y~~ ~ti , Fi~o aNO RECOROEO " ~,T~~~~~~~~FIJAlrle ~30, 19'll Notary Public, State of Fl - ~'"'•i,p:`<. - 4~~ COR~ VE 1 I - _ - ' = ~ _ " . : ; i ~ ~ _ , ,•a~ ~~o auc z s a~ s: s ~ . . 1~~ - ~~a ~•o~TR~s - CLERK CIRCUIT COURT dpp~1~' ~~1'7 - - - -