HomeMy WebLinkAbout0553 our file ~5-38,Q97
~~~s wa~aa~e w o~Asr uansle~ 01 ~ulc iu ~hc sp~i~~e~ ~rooeriy ~s eaun~uuAwea~ o~ ~Ae ~n0epudness ~tw~ed ~~~eef. •11 ~~~A~. ~~~1~
•ed ~~~erts~ of ~he Mor~~a~w ~s ~M ~o ~ny ~n~w~qcs plu~e~ ~~s~ ~e (wce sA~ll oas• ~e ~At ~ttA~~s~ a~ran~ee.
(AI To oerleriw, cuiaply ~r~1A ~M ~?~~s ?y t~eA •n4 evsry ll~t supl~l~o~s. ~~retweets. eoAd~aons •~A covenanes ~e s~~d oruw~sawy
•oit a~d ~e tA~r deed sct IaiA.
(~1 TA~~ d~nr of ?a~1 awf o! woety Aere~e ~etened to be eol otowP~ly a+M l~IIY Pa~1 ~~~Mn h(~een ~ays nta~ ~Uer
~Ae s~~e :~.e.•ny ss~o~s. ere .~e o•r.e~e.a ~f s~cA aed eve~y Ms ~~~p~l~uoes. ~~~ee~enis, cona~~~ons sn4 coven~n~s ol sud ~ow~~.
~ar eo~e ~nd tMs Oeed. a euher, ~re na (ully oerfor~eA, cow~l~sd ~riU~ and ~b~ded sy, ~A~ .~~d a«rcp~~ swa n~eauoncQ ~e ~~,a
Or~esiar no~e sAall Seco~e d~e ~nd osY~sle (atA.~tA a ~At~e~fur tAe oO~~on o( ~Ae Ma~~~~ec •s fully and co~wPle~elY •s ~t ~~e
s~~d a~~e~~~s sw~ ol •~~d pae~~awY no~s w~s o~~ps~lly sup~lued io se os~d m srcA d¦r. +nytAm~ ~n sa~d pan~sso~y ~ois a Aerci~
lo ~As cont~~rr nolw~thsund~n~.
1 Tha~ m ade• to accelerate tl+c nyeur~ry of iAe ~ndsbtedne~a Atrcly secws0. bsc~u~e of tAe (a~lure of ~ht Ala~~a~or ~a ~~y ~ey ~s.,
•sseasiheM, I~~e~iNY. obl~~~t~on M eecumMance :.~e a~o«<r. ~s Aere~n pov~ded. aAail no~ Ae ne.esaa~y a ~eau~sue IA~[ tAe
~wt~~{te sha~l f~rs~ ay tlu s~~e.
The i~iott~a~ee may, at ius crpiio~. iad v~ithaut +~se~rin: h!s n~ht to accelerate the indebtedness hereby
serured and to forecluse the same, pay either before ot after deliaquency any or sl! of those certaie obli~st~ons
reqwred by the terms hercof to bt paid ~y the Mortsa~or for the protection of the nMrt=ase security or fot the col-
Iection of the ~ndebtedness hereby secured. All sums so advanced ot pa~d by the Nort~a~ee sha~l be char~ed ~nto
the man`a~e account anJ become an inte~ral part theteof, subject in all respects to the ~erms, cond~t~ons, aod
covenants of the afcxesa~d prom~ssoty note, and th~s mott~a~e, as fully and to the same extent as thou~h a part
of the on~inal ~ndebtedness evideoced by said note and secured by this nwrt~a~e, exceptin~ howeve~, ehat sa~d
sums shail be repa~d Ihe Mort~a~te forthwith upon its demand and be in sdd~t~on ~o the reaular monthly ~nstall-
me~ts pravided by the mortjsse note.
3. That the abstract cn abstracts of title coverin~ the nu+ttaa`ed ptoperty shall at sll times, durin~ the life
o( th~s mc~~t`a`e, remain in pc+ssess~on of the Mort~a~ee and in eveet oi th~ foreclosure of this mort~a~e or othet
transfer of utle to the mort~a~ed property in extin~uishmeot of the indebtedness secsred hereby. ali ti~ht. t~tte
and mtere~i of tfie Nurt~a~or in and to any such abstracts of title shall pass to the purchaser or `?antee.
4. To the eztent ot the ~ndebtedness of the Morlis~ot to the Mort~a=ee described herein oc secured heteby,
the Mott=s~ee ~s hereby subro~ated to the (ien ot liens and to the r~~hts of the awners and holders thereof of each
and every mort~a`e, lien or other incumbtance on the land described herein which is paid ~nd.'or satis(ied. ~n
whole or ~n part, out o( the proceeds of the loan desc~ibed herein ot secured heteby, and the respective liens of
said mortsa~es, I~ens or other mcumbrancez, shail be and the same and each of them htteby is preserved and shall
psss to and he held by the Mort~a~ee herein as secutity for the iedebtedness to ihe Morl~aaee herein desctibed
or hereby secured, to the same extent that it would have been presetved and would have been passed to and been
held by the 11c?rtjaset Aad it been duly tnd re~ularly assi~ned. traesferted, set over. and del~vered unto the Mort-
~a~ee by separate deed of assi~nment, notwithstandin~ the fact that the same may be satisf~ed and cancelled of
record, it be~n~ the mtent~on of the puties hereto that the same will be satisfied and csnceiled of recotd by the
holders the~eof at or about the t~me of the recordin~ of this mort~a~e.
S. In the event the ownersh+p of the mort=aied premises, o~ sny part ~heteot. becomes vested in a petson
other than the Mortja~or, the ~+brtsajee may, without notice to the Mort~a~or, deal with such successor or suc-
cessots in ~nterest with ~efetence to this deed and the debt heteby secuted. ~n the same manner as with the ~1ort-
~a~o~ w~thout in any way v~t~atin~ or dischat~in~ the Mort~a~o~'s liab~lity heteunder or upon the debt heteby
secured. No sale of the prem~ses he~eby mort~a~ed and eo forbeataece on the patt of the !Nort~a~ee, and oo ez-
tension of the time fot the p~yment ot the debt heteby secured =iven by the !tilottsiaee shall operate to release,
dischar~e, mod~fy, chan~e or aftect the oris~nal liab~lity of the Mort~a~or hete~n e~the~ in whole or ie part.
~ 6. The lien of this deed secutes and shsll conunue to secute payment of said indebtedness or ~ndebted-
ness, however ev~denced, whetfiet by said promissoty note or any renewal or extens~on thereof or subsutu~e ii~ere-
fot, or othetw~se, unt~l all such indebtedness shail have been fully paid.
7. /n the event the ~nortga~ors sell, carvey or t~ansjt~ tht ~no~~pagtd p~a~ises during ~ht l~Jt oJ th~s n~o?t-
~aAe, then tlrrs ww~t~a~e shol/, at ~he opl~on oJ tht Afor~gap~e hertin. becane ~n~nitdialely dut and payablt fo? the
jull swn oJ th~ principol balanc~ ond interest then due. -
S. The terms "Mort~a~ot" and "Mort~a~ee" whenover used in thic instrument shall include the he~rs,
personal representativ~~, successors and ass~~ns of the respective patties her~to. Whereve? used the s~n~ular
number shall include the plural ~nd the plural the s~n~ular, aed the use of any ~ender• shsll ~nclude sll senders.
. / ~
/
S~ ed, sealed and iv~red ~n the presence of: (Sea1)
; -
~ ~Seal)
~
STATE OF FLORIDA ~ "
COUNTY OF~ j ss
ST. LUC3E ~
Before me personally sppeared KnY WHITE, an unmarried man,
to me well known and known to me to be the individuals described in and who esecuted the fore~o~n~ ~nstrument,
and acknow{ed~ed before me that they executed the same for the purposes there~n ezpressed. WITNESS my hand
and oftic~al seal ~n the Couney and State Isst aforesa~d th~s 17th, d8y of November, 1977.
,
Wy c«„m~:s~o~ Exp~~es: June 30, 1979. Notary P I~c, State of FZ i Lar~e
r
' _ c-. -
' = . . . i -
. . ~ • : -
~ J,
r ~
e~R,278 PacE ~~u2 . ~ ~~~..s~ ::s~