HomeMy WebLinkAbout0055 i~~a m.w~~a~e ~c u~Aer uanale~ o( !~tie to iAe mo~i~aied tropen~ ~n ei~so~wal:meM o~ iAe ~~de~uJncss .ecwoJ hr~co?. ,11 ~,i~:. ~~Ue
~mi ~n~c~est a~ ~he 4o~t~~~ur ~n and :o ~ny ~n.w~me po~ic~e, chen ~n f~xce shall pass lo ~Ae p~+r~Aeae< <r ~~anue.
lh) To pt~i~vm. comply ~r~W and •D~dr eacn anJ e~ery tAc s~~pul~u.~?s. a~tecmrntr, c.~nd~t~.M~c an~ :u~cn~m. ~n .~~d yr.~m~.:.N~
no~e and ~n t~~a lted st~ to+tA.
~i 1 ihat ~t ~rt~ o( .a~A :ums ~:..ne~ Dere~n ~N.•r•. d t„ Ar n.~~ p~ois~ptly arw! tu:l> p~,J .~~hm t~(~con ne•i a!~e~
ehe .~rtie ceve~illy uec~es due ~nd p~Y~Ale.iw ~f eacA •nd evr~> t~t st~pa:auonc. •~rcemrm~, :un.l~uon. am! .o~en~nta ot ~~iJ prwm+-
note and tA~s ~eed. w e~tAet, a~e not ~u:h prnweecd. cwr.pl~es ~~tA an.', abiJel tAt .aiJ ~RR.~K+u zum nent~..ncd ~n ~~~d
~x.~m~cc~xv na!t shall Sec.vnt Jue and pa~~hle t.x~hr~~A .w tAereat~er ?t the ~+pt~~ u( thr ~lo~~~a~e~ a. ~u11S and ~omple~eh as ~t the
x~id •~~~e~~te sua o( sa~d parn~s+a) n~te +as ~x~~~nall> st~pulated tu De pa~0 m s~.A d~y. anytA~n~ ~o sa~d p~om~~+.~r> n,.~e w here~n
t.. iho : c~ee~~u)' not~ ~thsundrn~. .
1~ ~ Tha~ ~n ~,+dei t~~ ~c:tle~att tAe matw~t~ tAe ~ndcAtedne~s AtreA~ .e:uerJ. ~ruust of tAc ta~lure o( ~he \1wt~~sa~ pay ~n~ 1.,~.
,c.c.amenl, I~~b~lii>. .~bl:satn.n aV rn.u~nlr~n:e up~•o .ud pr~,pt~~>. nere~n p'o~~deJ. ~t .hall no~ nt ne:e..ar~ .x ~e.~u~a~ta th~i cAc
m.~ati~~ec .Aell (~:.t pay tAe s~rne_
The ~furtgsgte may, at h:~ opuon, and Nithout v?a~~ing i~~~ nght to ar~tltratr thr ~rxiehttdne.s htrcba
s~~urrd and to forecl~»e the came, pay eithet before or after del~r~quency anv ~r ali of thoce ceita~n oblig~tions
rryuirtJ M the terms hereof to be pa~d by ~he ~I~~rtgag~r for the pr~tection of ine mortgage se~unt>• ~~r fot the col-
Ir.tu~n ~~f thr indebtedness hereby secu~ed. A'! sums s~~ advanced.~r pa~d by the ~iort6agee shall bt rharged mto
tht murtgagr account and become an ~oteg~ai part therea[, sub~ect in all rr~pacts to thr trrm., condi~wns, and
r~~~enants ~,f ~he aforcsaid ptomissur~ note, anJ this mottgage, as fully and to the same eattnt as though a par~
~~I thc ~~r~g~n~l ~nJehtedness t~•idt•.ced by saiJ na;e a~zd ceruied b~ thes mottgage, i~cepting howtvet, t:~at .aid
.un-. .hall be repa~d the !11~xtgagee forthw~th u~n ~tc demand aixi be in addiuon to tht rtgulat munthh• ~n:tall-
mtnts pn~vidrd by the mottga~r nate.
3. That the abstract ot abstracu ui titlt ~o~•rrina the martgaged property shall at aU umes, during the life
.~f thi~ murtgage, rtmain in possess~on of the ik?ttgaget and in ~~ent of the foteclosure of this mottgage or :~thet
~~ran~irr uf utlt to the m.~rtgagcd propecty in e~tingwshment o! the indebtednecs secured hrrab~•, all right, titiz
.1nJ ~nrcre.t uf the ~lortgagor ~n and t~ ~np such abstractx of t~tle shall pass tu the purchaser ~~r grantee.
T~~ the extent of the ~ndebted~ess of tht ~k~rtgag~•r tu the \l~•rt~agte desctibed hettin ot +ecured hereby.
thc \1~~rtgager is hcrtb>° subrogated a~ the Gen ~~r litns and to ~hr n~hts of th~ owners and hoWrrs thereo[ of each
and rven m~~rtgagr. I~en or other ~ncumbrancr on the land descrit+~d hetr~n which is paid and or satisfied, in
..•h~~le ar in part. out ~f the proceeds ot the I~,an drscnbed herein ar secured hereby, and the respec~~~e I~ens of
.a~d mortgages, liens or other ~nc~mbrances, shall be and tht same and each of them hereby prrser~•zd and shall
pa.. t~~ and he heW b~ the \trrtgagee hert~n as szcunty for the ~ndtbtedness to the ~1ort~aget hete~n descnbed
~~r hereb~ ~rcured, to the same extent that ~t Nould ha~e baen prescrved and Nould havt been passed ,o and been
held b~ the ~lortgag~c had it hren duly and regularly assigned, transCerted, set over, and deliverrd unto the \lort-
gagee by scparate derd of ac.ignm~nt, n~~tw~thstanding the fact that the same may be satisfied and cancelled nf
recor:i, it being the mtenuon ol thc parut~ htreto that the same •:~~il be satisf~ed and cancelled o( recard b~ the
h~~IJrr+ thtre~~~ :~t rr ab.~ut tht time ~~f thr rc~~•rd~ng .~f th~s m~~ttgagc.
In the tvent the ownersh~p .~I the mortgaged premises, or an~• part !h~reof, btcomes ~~este.l ~n a person
~ther than the \1•1~tgagor, the ~lortgagee may, without m~tice to the ~tortga6or, deal with such successor or sur-
cessors in intercs! Nith reCetence to ~his deed and the debt hereby .ecured, ~n the same manner as with the \1~~rt-
' gagor Nithout ~n a~~~ v?ay viuaung ot d~scharging thz ~lurtgagar's tcab~lit}• hcreunder ot ua~n the dtbt hereby
' serurtd. Vc• sale the premi~e. hrrtb~ rrurtgagrd and no f~~rbtarancr .:n the patl of ihe ibttgager, and nu t~- _ _
tencian of tht t~me fo~ the paymen? of thz debt hettb~• secured gi~rn by the \lortga~ee shaU operate tu rclease,
~ d~scharge, mod~f~, cha~ige ~~r affect the ~riginal liahilih~_of the \tortgagor here~n either ~n whole or in part.
h. The lien of th~~ dzed srcnre~ and .hall c~mt~nut ta ~ecure pa~•ment of said ~ndebtrdn~ss ot indebted-
~ nr++, huv?ever t~~denced, whti'r.er b~ sa~d ~r~•m~asuty nvlt ot am rtnewal or extens~on therea( or ~ubauwte there-
~ for, or othecw~se. unt~! all such ~ndebtedne~s chall ha~•e been fu!1}• paid.
7. /n the e~~•c•n~ ehe nto?I¢aRrns sefl, com•e~• n? t?unslr? the mvr~_QaRed n?Prnises durinK the hfe nf thes nto~t-
~ ;;u~c• then ?h~s m~~??k~ake shult. u~ ?he• ~~~+nun n? thr U~~rt1uRrc• herrin. hecomr ~rnmedru[eh• due und ~w+•able lor the
t •ui; ~u^: oJ lhe /~rtne•~(+c~( halu~:c~• urd rnte?esr the~n dur_
_ Thr trtn.~ "\kittgaguc~- anJ "\turtgager~ uhrne~er used ~r. th~. ~nstrumrnt tihall ~nclude the he~rs.
~er~
~a! representativ~s, surcess.~rs anJ ass~gns of the respectn•e parues heret~•. ~here~~rr uscd the ~ingular
numher shall ~nrlude the plural and thr plutal the .mgular. and thr use ~~f any gender shall ?nclude all genders.
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Si ed. ~~al an ~~e eJ ~n e presence ol: ,l~ L:~ L~ z~'= ' c.' ~r_1-~ (S~al)
}`-1,,~;:.L'-~„h_:<caf-t.. ,1`t~[i !i`~.'=1. (Seall
_~.d
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STATE OF Fl_ORIf%A I
('('l'\TY OF ~
ST. LUCIE
Before me perso~ally apprared HARRy E: RICNARDS and EDNA LOUISE RICHARDS ~ His Wife
~ to me Nell kn~~an ar.~ known .o ne to bt tht ~nd~v~duals descnbeJ ~n and wfio executed the forcgomg ~nstrument.
~ and acknow•ItJged befote me that they executed the same for the pur~:~ses there~n expressed. WITtiESS ni~ hand
~ ~r.d ~~ffic~ai .eal ~n Ihc C~~un~~ and State la~t af~tc.aid th~s 1Qt~1 da.y of July,
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