HomeMy WebLinkAbout1383 • Our File 5-22,538 ~
this mortp~e av utht~ usnsfer o( Uttr to thc more~a~ed properly u eatmaussA~ea~ W tit ~ndebteJwess sec~rcd herssY, ~11 n~!?t, btlc
anJ ~~u~c:t oi the Mwt~aaor ~n and to any ~nsw~nce pol~cws iAea face sA~ll pass to t~e pYrcYaset a~awue.
1h) Tu pe~tam~ c~wply ~itA and ab~de 6y c~cA aad e~ery ~Re sup~lat~aas. a~ree~eab. coad~uoas ae/ covcaae~s ~a sa~d proe~ssorY
eult am1 ~n th~Y dted se1 (o~tA.
(i 1 Tbat d any o( s~~d swss o( aanty he~em ~efctted W be qot po~q~ly aed trllr pad ~~t6~~ ldte~w days ae*t a(~er
tAe s~a~e sereraily eecoses due and paYable.w if eacA ssd erery tYe ~hpYl~t~a~s. ~~cec~eau. coud~uoas aad co~ena~ts o( sa~d po~~s.
s«y eote and th~s dced, o~ e~~Aer, ~re na tully per(o~ed. capl~eA ~~di sad sb~ded br, twe sa~d surt~ste s~ ~ta~oatd u~ sud
proanssay note sAall becose dYe and paysble forU?r~ti ar tAcrea(ter •t tAt oPt~o~ o( t?e ~{urt~er u l~llr as0 ce~kttly as it tbc
aaed aape~ate suw ot s~~d promissory aote ~r~s o~~~~wailY stipilated to Ae p~~d a~ src\ d~r. s~In?~ r~ a~~l oro~~ssonr ~ae ar Ycrow
1o tAe contruY uuotv~~Astand~n~.
(j 1 Thal wder to accele~~te t6e w~wnty ot tbe iadebtedseas ?e~eby sec~rN. eec~tse ot We t~~l~ue ot tit Mo~tsa~ ~o p~r aqr aa,
•s~easseat, Iub~i~lY. obt~atim ot encuaMance ~pau sa~d poper~y. u Aerere pror~. ft sUsQ wot be ~eces+~u7r a rewu~tt ~Ya1 d~e
aoc~~ssee ahai) tusl ay t6e sawe.
2. The Mortgasee n~ay, at his option. and withoat ~raivias his ti~6t to accelecau the iadebtcdaess 6ereby
secured and to [oreclose the same, pay either before or attec delinquency anY or all ot tlase cettaia oblisatioas
required by the terms hereof to be paid by the Mortsafor for the ptotectioa o[ the mortsa*e secority at for the co!-
lection of the indebtedness hereby secured. Ai! sums w advanced +or paid by ~La Mortsasee sbsll be chused ioto =
tfie mort`aae account and become an intejral patt lhereot. subject ia all respeets to the tetms, cooditians, aad
covenants ot the aforesaid promissory aote. and th~s mort~a~e. as fally aad w the same estent as tho~~h a put
of the oriainal indebtedness evidenced by said note and secnted by this mortsa~e. esceptia~ Iw~~er. d~at said
sums shall b~ tepaid ~he Mottga~ee forthwith upon its demaad and be ia additioa to t6e re~ntat montbly iastali-
ments provided by the mottaaae note.
3. That the abstract or abstracta o[ title covetins die morts~ed property shall si a11 times. durins 1he life
of this mor~gage, remain in possession o( the Mort=aace and ia event d the toreclosute of this mort~sse or other ~
transfer of title to the mottfaged property ia extin~uishment of tbe indebtedness secared heteby, all ti~ht. titlt
and interest of the Mort~asa i~ aad to any such abstracts of titie s6a11 pass w t6s p~uchaser or ~tantee.
4. To the extent of the indebtedness o[ the Mott~a~or to ti~e Mottiasee desaibed herein or secored bereby, _
the Mortga~ee is hereby subrogated to t6e lien or liens aad to the risbts o! tbe ownet: and 6olders t6e~eof of esch
ar~d every mortgage, lien or other incumbraace oa t6e laad described hereie ~rhic6 is paid and.'~ satisfied, in ~
whole or in part, out of the proceeds of the loan describtd 6erein or secored heceby. aad t6e tespectire liens of
said mortgages, liens oc other incumbrances. shall be and the same and eac6 of them hereby is preserved aad s6ait
pass to and be held by the Mortsagee herein as secnrity toc t6e indebtedness to the Mnrtsa~ee bmia de:cribod
or hereby secured, to ths same extent that it would have beeo prestrved aad w~odld hsre been psssed to and been
heid by the Aiort6agee had it been duly snd reaululy assisned, transferred, set o~er, ud deliveted unto t6e Mott-
gagee by separate deed of assi6nmeat, notwithstandina the tut thst the same may be satisfied md cancelitd of
record, it bein6 the intention o[ the puties 6erew that the same *rill be satisCed aad c~celled of record by t6e
holders thereof at or about the time of ihe recordin` of tl~is mat6a~e.
S. In the event the ownership of ~hc mort~aEed premises, oc auy puc ehereof, becaa~es rested ia a peraoa
nther than the Nortgasor, thc Alortaa6ee may. without aotice to the Mot:ssaot, desl with sucb successor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the samo maoner ts w~ith the Mort-
gagor without in any way vitiating ot dischu~in~ tbe Moctia~oc's Iiability herew~det or upon t6e debt hereby i
secured. No sale of the premises hereby mortaased and ao fabearaace oa the patt of d~e Mortsa~ee. aod no ex-
tension of the time for the payment of the debt hereby secured ~ivea by tise Mortaa=ee s6a11 operate to releas~,
discharae, madify, chanae or affect the ori~inal liability of the Mortsa;or hereio eitber ia w~6ole ot in part.
6. The lien o! this deed secures and shall conti~we to secure payment of said indebted~ss or indebted-
ness, however evidenced, whether by said promissory note a any rener?al ot extension tbereo( or snbstituie there-
for. or othera~se. until a1l such indebtedness shall have beea [ully paid.
7. /n the event the mortgagors seil, convty or transJtr t6e inortgastd ptn~ises dwina the lije oj tbis uiort-
gage, then this n~or~gage shall, at lhe op~ion oJ tke Morlgagte herein. b~co~e iwwredeat~ty dire ond p~aynbt~ jo~ tl~e
Jul~ sune oj the p~incipal balonce a~d in~e~es~ rhe» due.
8. The tenns "Mortgagor" and "Mottaa6ee" whenever used in this iastrument shall include the 6eirs,
personal reptesentatives, successots and assia~s of t6e respective patties hereto. W6erever used the sinaular
number shall include the plural and the plural tt~~ sin~ular, and the use of any ~ender shall iac{cde aU `eodecs.
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Si eed. se e a c vered - the prescnce oi: Q lc,~~ ~~a~~ ~
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STATE OF FLORIDA I
covNTlr oF ~ SS g. MCNUI,Ty ~ an u~married ~aman., being the
ST. LUCI
Be[ore me personally appeared w1dOw of F. LEONARD MCNULI'Y
to me well known and known to me to be tbe indiriduals desa~bed io and wrho esecnted tl~e fore~oiat ~nstrumeot.
and acknowledaed before me that they executed the same for the p~uposes c6ecein e:pressed. Nr1TNESS my 6a,~d `
and ofiicial seal in ihe County and State last afaesaid t6is 26th U,~y of August, 1971 ~
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215~4 i ~ ;
~y c«~~s:~o~ ExP;res: June 30, 1975 ~-p~j;~.y~ue at ge
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hIEC ~INO RECOR t0 Y'~, V~''•
tT. li1CtE COUNTY ~1~. : x : ± . ~~i'- i - - .
ROCER PGITRAS = ' ' _
CLERK CIRCUIt COUIIT = J' C~~~--" j~° =
IIfCOAG VE4tF1EQ.~~ ~ C ~ -
9 2 ic PH'TI . :,*~~ST~j~~~~.
~ ae~195 ~i3$1
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