HomeMy WebLinkAbout0657 Mort~~or. In eveat of ~ortelwu~e o( tbii mortgasc or otl~tr ttsader o[ tide to t}~a mortg~`ed property en eatinaui~hm~nt of the indebt•
ednus ktu?cd hereby~ aU ti~ht, ttlle and intettot ot the 1ior16a6or ic~ and to aar ia~unoce policie• then in torce ~hall pase to the
pu~che~tr u~ srantee.
(h) To petiorn~, eompl~ witL and Rbide br each ~nd cvery t6e ~tipul~tioru, a6ceaments, conditioni and corenanu in a~id promieeory
nole and in thi• dsed sct fotih.
(i) That if anr o[ eald ~umi ot moncr herein referred te be not pron~ptly and tullr pa(d withia fitteen da7s nwt ;
attcr the sune ~avenllr becoma due and parab?e~ or if each and ~vcry tha •tipulation~, a6rcceucnt~, conditioas and coveuanu of said i
promlessq nate aad ih5s dcxd, or e'sthcr~ are not fullr perfonued, co~uplied with and abtded by, l6e said ab6re~te •um mentioncd in
~id pre~uisaory Aote thall bceome due and p~Yable (ort6with or therea[tor st the option ot the \iortR.see u(uUy and cornpletely u
i[ the said ~b~repte •u~n ot eaid p~omitsary note w~~ orisin~ily ~tipul~ted io bc p~id oa such day, enyt6ing in s~id p~omiaorr aote
or herein to tbe contnry ~otwithita.~di~16.
(j) Th~t in orde~ to acceltnte the tn~turitr of the indebtedncw herebr ucurcJ, btcrute u[ the t~ilure of the Mort6a~or to pay anr j
trx, ss~e:a~nmt, liabifetr, obli~ation or enewnbrance upon erid prop~rty. •s hercin provided. it ~hall not be ~eeeasery or requ~~ite that
thc uiortgastr. alull fint p~y the ~amt.
2. Tlie DiortgAgce may, at hia oplion, and without waiviug hia riglit to accelerate the iudebtednese hereby
gecured and to forecloee the aa?me, pay eitber before or a[ter delinyuency auy or all uf thoee certain obligatiana
required by the ternis hereof to be paid b}' the h~ortgagor ior tlie protection of' tlie niortgage security or for the collec-
tion o[ the iudebtedneaa hereby secured. All aums so advanced or paid by the ~iortgage~ ahall he charged into the
mortgage account and become an integral part thereof, aubject in all reapectn to tiie tern~e, conditione, and covenAnte
o[ the a[oreaaid pro~nieaory note, send thie mortga e, ae fully and to the ~ame e~tent as thoug}i a part of the original
indebtedneea e~~idenced hy said note and aecured ~y this ~nortgage, excepting huwe~•er, that said eume ehall be repaid
the biortgagee forth~+~ith upon ite den?and and be iu addition to the regular monthly i~stallments provided by the
utortgage note. ~ +
3. That tlie abatraci or abetracta of title covering t6e morigaged property' sliall at all timea, during the lifc of
this inortgage. remain in poaae~eion of the 1~Iortgagee and in e~•ent o[ the forecloaure of thia mortgag~ or other trane[er
of title to thc niorigaged peoperty iu extinguiehment of the indebtedness secured hereb}'. all right, title and intereet
of th~ 1ltorigagor in and to any such abstracta of title ehall ~?aes to the p»rchaeer or grantee.
4. 'I'o ihe e~tent of the indebtedneae of the htortgagor to tlie Mortgagee deecrihed 1?erein or eecured hereby,
the lliortgag~~e ia hereb}' subrogated to ti?e lien or liene an~l to the righte of tlie o~r-nera ~~~d i~oider8 ihereol oi eaci?
aad every mortgage, lien or otlier iucumbrance on the laad descrilaed herein ~+hich is pnid and/or eatiefied, in whole
or in part, out of the proc~ede of the loan deacribed herein or secured hereby, and t{ie reapective lien~, of aaid mort-
gagea, li~za or other incu~nbrancea, ehall be and the aame and eacfi af t}ie~n hereb}' id ~~reaecved and ehall paea to and
I~e held b~• the biortgagee herein se aecurity for the indebtedncaA to the 111ortgagee herein described or hereby aecured*
to the same extent thAt it ~,-ould have been pr~aerved and would ha~•e heen passed to and been }ield by the I1lortgagee
had it been duly and regvlarly aeeigued, tranaferred, set over, and delicered w~to tlie ~ltortgagee by separate deed of ~
~ L- L_ 1,.. :•eC.,.1 ~o.,....ll~.~ ..i' .-o....~:~~ ~:::b il~rn ~ntni.linn nf tF~r '
r~igiiineni, ilOlWllfllSL&IIUAII~ IItC t+a~a i~~aa i~ic ed~i~c iTia~ an ea•.o,i~.. .~,w '
partiea hereto that the Samc wil! be aatiafied and cancelttd o!' record by the holdera ihereoi at or about the time of
t1?e r~cording oC thie mortgage.
5. In the event the ownerahip of the mortgaged premises, or any part t1?ereof, become9 veated in a peraon other ~
than tlee r~ortgag~r, the '_1lortgagee may, without notice to the ilortgagor, deal with auch auccesaor or succeaaors in ~
iiitereRt H•ith reference to thia deed and the debt hereby eecured, in the ~ame mauner aa H•ith the ~lortgagor without ;
_ in au} way vitiating or digcharging the ~ltortgagor'a liability hereunder or upon the ilebt hereby secured. 1.~Io aale of
the prCmisex hereb}~ mortgaged and no forbearance on ihe pArt of the '~1ort~aRee, and no extension of the time for the
paymeut of the debt hereL~- aecured given by the Mortgagae ahall operatc to release, discl~arge, modi[y, change or affect
tlie orig+nal liabilit~• of the iTortgagor herein either in whole or in part. -
6. The lien o[ thia deed aecuree and efiall continue to aecure pa~•met~t o[ said indehtednea9 or iT~debtedneae, _
1?owe~•er evidenced, whether by said promieaory note or any reneNa) or extengion thereof or subatitute thcre[or, or
otlierwise, until all euch indehtedneas ahail have been full~- paid. ~
7. lit tlie ez~e~~t the »im~t~n~ors sell, cor?itey nr h~n?~sJe?- lhe r»nrl~ngFd pt-emises dt~t~i~~~ tlre life o/ l/~is ntort;r~ge, ~
tlien this mort~n~e sha11, at tlie option of the ilto~~tga~~~r~ hereiu, he'(~11)1f illll)1Plll(IIPI~~ cluc «nr! ~~a~~aLle for the ful! sw~~ o(
t/ie pr-i~tcipal bnlanc-e nnd interes~ tlien due.
8. The terms "Mortgagor" and "hiortgagee" whenever used iu thie instrwneut Ai~all include the heire, personal ~
repreRentati~•ea, aucoe~aars and aeai~ns of the reepective pariies hereta Wherever ueed the Pingular number si~nil include
the plural and the plural the eingular, and the use of an}• gender shall includZ all gendera.
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Signed, eealed and deli~~ered in the presence of : _ . . y7. _ _ ~ ~t ~ (SE.u[.) :
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,~,~`~d.~~i ~ ,~L-1an, l`< < ~ F ~,ClCf. ~S£AL~ ;
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STATE OF FLORID
COUNTY OF ~ ss ~
ST. LIICI ~
BeCore me peraonally appearcd JOSEPH M. K~ZI,EY and ELIZABETH F. KELI,EY~ his wife, `
to me well knowa snd known to me to be the individuale deacribed in and who executed the foregoing inetrument, And
ackno`aledged before me that they executed the aame [or the purpoaes therein expresaed. W~TNE5S my hand aud
offieial eeel in the Couuty ~nd State laat aforeaaid thie 22rid day Of D ber, 196~j.
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hiv Comm~~et.qn Expirea: _ , _A A~RE ~ORD~"0 Notary Puhlic. State of : . ~
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F~,~ J I.~ILIjCiz..\C~JiiTY, R0~1!(~J~ c~~ ,
' • ~ FLO~IDA ' '
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