HomeMy WebLinkAbout0270 our file #5-37,742
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Uu ~et{~t a e~Mr u~~sfs~ ~f uUt lo dw Mna~aN ~~~Iy n~ ~auy~uAwt~t o1 IAt ~MNttMt~s se:wed As~esY. ~II ~eyu. ~~~It
aM ~wuna~ e/ ~At Ma~~yrr ~M ~~r wrr~~e~ Nlic~~~ ~A~w tae~ sAall ps~ t~ tAe rwsA~~s~ o~ V~~~ee.
(A) T~ ~t~~rrs. cow?Iy ~~d~ aw ~MM ~r ~asM ~M e~ser 1Ut ~uwlat~e~s. ~{rt~ws~u. c~N~ue~s a~ eeve~a~ts s~~~ ~o~~ssay
~e a~i ~a a~. ~ee1 t«u. -
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1 T1?~l ~f Mr W a~~/ aw~a ol wewey As~t~~ ~~(~etei te ~e ~ol ~twtlr ~~M l~Ilr ~a~ r~U~e ht~een Qsrs ~ta~ a/ie~
IAt ~a~e sevir~llr ~tcowss ~w aa~ Mr~~ls.~r 1f t~eA ~iN ~v~rr d~t ~aprl~~~e~~. ~~ftfAtwlf. caW~~~oss ~M cwrse~au of s~~ Kpr~s•
~Kr ~elt uw tAu kN. a t~~Uer. aN hlifr ~ertarMa. top11N .~d~ ~b ~~~t0 by. IAe aa~~ +urs~~le ~r? we~1~a~N m~~,~
~raw~~~erY ~ett sA~ll ?eco~e Ore ~MI Ny~Yle tad.~~A or ~Asrs~fur •t tAe Mue~ ef liit ~ipl~~tet •s f~tlr a~ te~plstslf ~s ~f tAt
s~~1 a~rt~ate aw ef saea paw,~aay ~Nt ~r~a M~a~•.~~y .awi~u~ ie ?e os~~ aw •re~ ~.r. a~ytA~e~ ~s s~~1 /rMUSOty wels e~ Mt~t?~
te ~Ae cauuar ~saruAa~aM~q.
V 1 TU~~ eNer ~o ~ectlK~te tAe iww~~~y of tAe ~N~?ted~sss Uereer secwe~. rec~we ol Us (~~b~s of tAt 11on~~~a ~e Nr ~~r u~,
~saeaawept. IuMiitr. eit~~~~es e~ encrw~Ma~et ~p~ s~~ ~ra~r~y. ~a As~eM Mev~IN. s~su ,~e~ be ~ec~s~•rr er ~ew~s~u d~~~ d~e
~a~~a~ee sA~ll fira~ Nr tAe s~~e.
The Mortsajee may, ~t h~s opt~on. and without waivin~ hi: ri=ht to accelerue the indestednes: hereby
secured and to faeclose the same, p~y eithe~ before ot ~Rer delinqueney aey or sll of tho:e certain obli~ations
reqwred by the tetms hereof to be paid by the Mott~a~or tor the pwtection of the mcxt~a~e security ot for the coi-
Icction oi the indebtedness he~eby :ecnred. Alt sums so advanced or paid by the_ Mort~a~eF :hsll be charjed into
the mort~a~e account anJ become an inte~ra! put thereof. subjsct in sll iespec~s to the terms. conditions, and
covenant: of the afotess~d promissory noto. snd this mon~a~e, as fully snd to the same extent as thou~h a put
of ~he o~is~nal indebtedness eYidenced by said note and secu~ed by this mort~a~e. exceptin~ however. that sa~d -
sums shsil be repaid the Mon~a~ee fotihwith upon its demaed snd be in addition to the re~ulu monthiq install-
ments pcovided by the mo~t~a~e note. .
3. That the sb:tract or abstractt of title coverin~ the mc?~tja~ed property shall at sll times. durin= the life -
of this mort~a~e. temain in possession of the Mottsasee and in event of the faeclosure of thi~ mort~a~e ot ~ther
transfer of title to the mortsa~ed propeny in eatinfuishmeet ai the indebtedness :ecut~d heteby. all ti~ht. title
and interest of the Murt~aaer in snd to any such absuacts o~ title shall p~ss to the purcht:er or ~rantee.
4. To the extent ot 1he ind~btedt~ess of the Moctsa~or to the Mort~aiee des~ibed hecein or secuted heteby.
the Mon~a~ee i: hereby subto~ated to ~e lien or liens ard to the ri~hts of tAe ownets and holders theteo[ ot e:ch
snd every mort~s~e, lien or otbet encne~brsace an the lat~d describcd hetein which is paid ard!ot sati:fied. in .
~rbole_ a in psn, out of the praceeds ot the loan described herein or secured heceb~r. and the cespecti~re liens of
ssid mo~t~ajes, liens or other incumbtauces. shall be and the san~e and e~ch of them hereby i: pteserred and sAall
pass to and t+e heid by the Mort~a~ee herein ss security for the indebtedness to the Mort~atee herein desctibed
or Aereby :ecured. to the same extent tbat it would have be~n ptesetved aad woutd have been passed to and been
held by the_ Mo~t~a~ee Ad it beea duly snd re~ululr a:si~ned. tran~kned, ~et over. aed delivered unto the Mart- ~
~a~ee br separate deed of sssijmne~t. notwithstandins the tact that the s~me may be satisficd and caacelled of
recoid. it beinj the intention of the puties hereto thu the same will be satisCied and cancelled of record by the
holders thereof at or about the time of the ~scadin~ of tAis nwitss~e.
S. In the avent tha ownersbip o( the mort~a~ed promises. ar ~ny psn tlroceof. bacomes vested in a person
other thsn the Mort~a~or, the f1Ao~t~s~ee may. without natice to thc Mort~a=or. deal with :uch :uccessor or suc-
cessors in interest with ~efereece to this deed and the debt Aereby secnred. in the ssme manner as with the Mort-
~ssor witho~t in any i~?ay vit~atins ot discharjinj the Mort~asot's liability hereunder or npon the debt hereby
secured. No ~:ale o[ the ptemises hereby mon~a~ed and no tabearance oe the part ot che.More~a~ee. and no es-
tensioe of the time for the psyment of the debt hereby secured ~iven by the Mon~a~ee shall operate to release.
d~schar~e. modify. chanje or affect the ori~~n~t iiability oi the Mott~a~ot herein eithet ~n whole or in psrt.
6. The lien of this deed secures and shall continue to secure pa~ment ot said indebtednesa orindebted-
ness. however ~videnced. whether by said ptomissay ewte or any renewal a extension thcreof or substitute there• '
for. or otbenrise. until all such indebtedness =hall have been tully paid.
7. In the even~ tAe a~oitsasors sell. convey o? lrons jer tkt u~ort~a~ed pen~ists durint tl~t li
jt oj t/~is ~or~-
sa~e. then tlYis ~ort~ost shall, a rbe op~ion oj r~,e Mo.~sasee he.ein, becowe i~tdiottly due Qnd pQyable Jor the
~urr s~ 01 rk~ p.inc~pal batanc~ m~d inrsnsr rhew d~e.
S. The tenns "Mortssjot" and "Mott~ajee" whenever used in this instrwnent shall include the hEirs,
paso~al tepresentatires. suecessots and assi~ns ot the respective pstties 6ereto. 1Vherever u:ed the sin~ulat
nu ber shall include the plur the plutal che sin~ular, sed the u:e of any ~ender :hall include all ~enders.
ed. sea d i ered in e presence of: r1C lSesl)
~ o ry
. eal)
STATE OF FLORIDA ~
COUNTY OF j ss '
1 JOHI~1 IVOItY and MIRREOLA IVORY, his wife, formerly
Be(ore nee personally appeared ~py~ SB MIR~I.A MARSH~II.L
to me well known and known to me to be the iadividuals deseribsd in and who executed the fore~oin~ ~nsuument,
~nd scknowledjed belore me tl~at they e:ecuted the same [or the purposes there~n expressed. 1VITNESS my hsed
and otficial seal in the County snd &atr last afotessid this llth D8y Of ~ 19~7
11y Coe~mifsion Expires: _T»nrs 30 1979 V
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