HomeMy WebLinkAbout0653 Our iile 5-20,301
th~. mw~Ka~r w wher u~nste~ o( t~tle tu the mor~~~~ed poperty ~n ezuo~w~hmen~ u1 the ~~a~euo~~., fecw~o n~rsey. ~ll n~Ai, u~le
~nJ ~n~ere.1 ot the Mort~~ta ~n rnd Io any ~n.ur~nce aolicies then ~n fwce aAall p~ss to ~Ae pwchaie~ o~ {rantee.
lA) T., perlrnm, c~~enply r~tA ~nd sb~de by e~cA and every tAe st~pul~l~ons. s~reemenu. condit?ons ~nd coven~n~s ~n a~~d prom~.aory
n,.~r anJ in tA~. detd se~ (atA. !
1~ 1 T~a~ any o( r~~d ~ums o( moneY herem re(rned to bt not ptauplly ~nd tu11Y Oa~d v~th~n (dteen d~y. ne?~ atu~
iAe s~me aeverallY ~canea due ~nd paY~Ale. ~K e~cA and eve~y tAe st~pul~uons. ~~~eements. conJ~t~ons ~nd covenanu ot sa~d prom~a-
.wy note and tA~s deed, a e~iAer, are not (ully per(Mmed, caepl~ed +~~~h •nd aDided sy, ~he <~~d a{are~~~e swa ~aeeuoned m a~~d
Mom~.s~xy nu~e shall Secoee due and payrDle (wtAr~th a tAere~f~er •t tAe op~~oe ot iAe Mat{a~ee ~s tully ~nd eompletelY ~s ~f ~Ae
.s+J a~{re{Ne suns of asid proem+cwy note W~s on~~na11Y atipul~tsd to be pud oe~ such drY. anytAm~ ~n i~~d proA~ssaY note or Aere~n
a. tAe comrary eatv~thst~ndro~.
1~ 1 TA~~ ~e «der ~o accder~te the maiur~ry ot the indebtedness heresy aecured, bec~use ol the (~~lure of ~Ae Ma~~~~or io p~Y ~nY ~az.
~c.e.senen~, I~a~~lUy, obl~j~UOn ex encumbr~nce upi~n su3 property, ~s here~n prov~ded, u sAall not be neces~ary o~ reQu~sue ~ha~ tht
m.xt~~~ee sAall fu~~ psy tAe a~me.
2. The 14ortga~ee may, :t his option, and without waivine his r~eht to accelerate thc indebted~ess hereby
.ccured and tu foreclose the same, pay either before or after delinquency any or ail of those certain obli~ations
requ~red by the terms hereof to be paid by the Morttator for the protection of the mort~a~e security or ior the col•
Irr~iun of the indebtedness hereby secured. All sums so advanced or paid by the Mortsa~ee shall be char~ed into
thr morigage account and become an inte~ral part thereof. subject in all respects to the terms, conditions, and
~uvtnants ut the aforese~d promissory note. and this rtwrtsa~e. as ~ully and to the same extent as thou~h a part
uf the orig~nal indebtedness evidenced by said note and secured Ny this mottaa~e. exceptint however. that said
~um. xhall be repaid the (~Mrtgagee ~orthwith upon its demand and be in addition to the re~ulu monthly install-
ment~ provided by the mottaage note.
3. That the abstract or abstracts of title coverin~ the mort~a`ed property shsll at ail times. durin~ the life
~~f ~h~s rm~rtgage, romain in pc~ssessio~ o[ the AAort~a`ee and in event of the foreclosure of thia mortta~e or other
transfer of title to the mort~aged property in extin~uishment of the indebtedness sec~ted hereby. all ti~ht. title
and ~nter~st of the Morttasor in and to any such abstrscts o! title ahall pass to the purchaser or ~rantee.
~i. To the extent of the indebtedness of the Mort~asor to the Mort~a~ee described herein or secured hereby,
the !1lortgagee is hereby subrogat~d to the I~en or liens and to the ri`hts of the owners and holders thereof of each
and rvery mortgage, lien or other ~ncumbrance on the land described herein which is paid and/ot satiafied. in
whole or in part, cwt o~ the proceeds of the luan described herein or seeured hereby, and the respective liens of
~aid mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is pteserved and shall
pacs to and be held by the Mortgagee herein as security [or the indebtedness to the Mortga`ee herein de~cribed
ur h~rrby stcured, to thr same extent that it would have been pteserved and would have been passed to and been
hetd by the ~1~~stgagee had it been duly and re`ularly as:isned, transferred. set over. and delivered unto the Mort-
gagee by ~eparate deed of as.ignment, notwithstandind the fact that the same may be satisfied and cancelled of
record, .it be~ng the intentio~ of the patties hereto that the same will be satisfied and cancelled ot recotd by the
h~~IJers thereuf at ur about the time of the recordin` of this mortga`e.
S. In th~: event the ownership of the mortgaged premises, or any patt thereof, bccanes vested in a person
~~ther than the !1k~r~gagor, the ~lortgagee may, without notice to the Mottgagor. deal with such successor ot suc-
ce~sor~ in interest N~ith reference to this deed and the debt heceby secured. in the same manner aa with the Mort-
gagor N~thout ~n any way viUating or dischar`~n6 the Mortsa~or's liability hereunder ot upon the debt hereby
secured. No sale uf the premises hereby mortga~ed end no forbeuance on the part of the Mort~a~ee. and no ex-
tensi~m of the time fot the payment of the debt hereby secuted ~iven by the Mort~a~ee shall opetate to release,
di~rharge, mMiify, chan6e or af[ect tht ori`inal liability of the':Nottga6or herein eithec in whole or in part.
! e. The I~en of this doed secures and shalt cantinue to secure payment of said indebtedness ot indebted-
; ne~., however evidenced, whether by said promissory nott or any renewal or extension thereo[ or substitute there-
~ fur, ur otherw~se, unti) all such indebtedness shall have been fully paid.
` 7. In the e~~ent the mortgaRo?s se!!, convey or t?ansJer the mortgaged pnmises during tht liJe oJ this rno?t-
~ xaRe, then ~h~s mortgagt sha!!, at [he oprion of the Alortgagee hertin, becorne inimediately due aied payoble Jor lhe
~ Jull su?n oJ the pr~ncipal balance and inrtrest then due.
~ 8. Thc terms "Mortgagor" and "Mortgagee" whenever used in this ~nstrument shall include the heirs,
personal representatives, successors and assigns of the respective parties hereto. Wherever used the sin`ular
number shall include the plural and the plural the sinsular, and ihe use of any ~ender shali include all 6enders.
~i~L /
Sign d, sealed oJ G red in the presence o(: '~/-C~'~-~~-• t~-x~.l-n ~_(SesU
(Seal)
~C.~~~
~
,
~ STATE OF FLORIDA I
~ COUNTY OF O~ Ss gyp~g g~gGIISOR, aa uaaarried xo~aa,
~ ST. LIIC
- Before me personally appeared 8180 kIIOMII 88 FLORSN$ 80BIAS01~
~ to me well known and known to me to be the ~ndividuals desctibed in and who eaecuted the fote~oin~ insuument,
and acknowledged before me that thty eaecuted the same for the purposes therein expcessed. WITNESS my hand
end off~cial seal in the County and Sute Isst afaesaid this ~jth d8~ of BspteSbQr~ ~97~.
~
~ '
~ FtlEO AND RECOROED~ . , ti
~1y Commission Expires: ~ C 0 . FLA. Notuy Public. State of a$ .
~ ~ ~ ~ ~r '
~ ~~8810 4- ~a- 1 - ~ ~
_
'TO SEP 23 AM 9: 13 (~,e,w~• ~p• -
~ 0 R . :
BooK187 ~~E 653 ~~~=4~
:~nr;E R 'piTRAS
CLERK CIRCUIT COURT'
~ # ~ a,~ ~ _