HomeMy WebLinkAbout0971 3. Thc \[ort~a~~c in~~~•, at lii~ optioii, ;ui~l ~vitl~out ~~~aiciu~~ I~i~ ri~•lit to acccl~rulc th~~ in~tcl~tc~in~.; hcret~y
~c~~ure~l au~l t~ f~rc~lo;e tlie ~uu~e, liu~• eith~~r hefor~ or aftcr ~1~ linyurucy ~in~' or ull of tl~o~c certuin O~)It~~,i1U0119
required I?y tlie terms 1?ereof to l~r. ~?ai~l 1?~• thc~ \lortru~or for tlie ~?rotection o1 the uiortri~~e ~~~~•ii~'it} or for the cul-
tectiun of the indeLte~lncss herel~y ~ceured. _11! .uu~.~ so a~l~-uuc~•~l ur l~ui~l b~• ilic ~[urt};•l<<l,CC ~h.~ll bc chnr~ed into
tl~e ~i~ortgu~;e i~ccotu~t un~l hecoutc a~t intehral purt ther~:uf. ,uLject in ull rerpect; to tlic teru~~, con~lition~, iin~l
co~•enauts of thr. atore~aid promi~snn• note, au~l thii morira~,c, as fully~ and to the ~nme exic?u a; tl~ourh u part o!
3,;~5::::~ :'::~.~::C:~::E`~: :'a~ic~i~n~•r~~ .~_lii~ nt~ir illll~ Dl:l`IITI`I~ ~l~" t,ll~ 111(iC~;!iii;C~ C\CC~llll~; ~ION'Cti'CI'~ ~~lA~ Sill(1 ~U1113 RI1:1~I
be rep~~id thc~ltort~a~ec fort~~«•ith ~~I?on its ~l~•manel and 1?c iu a~ldition ta the rcrular uiontl?1}• in,taiimcni~ provid~..
the niurl~ane note, :uid eti~er~- such in~lchtedne~s ~hull bear it~lerc~t [ront ~late ut the rale of t~•n pcr centum p~r annum.
'TLat tlie aL.lract ot• abstracts A~ L1LIC CO~CI'LIlr4, tl?r, ntort~a~eil l~rop~rly sleall at all tiuics, ~lurin;~ the lifc of
ti~is I110[l~;il(;C~ 1'Clllillll 111 OO+rt'~SIOtl OI lI1C \tortra~ee an~l in r.~•eut of ilie [oreclo5ure of thia uiort~a~e or otker irarzaler
of title to t6e ~iio~•tga~ed property in extii~~uig{?ment of tti~ iiideLtedcies. reciire~l liereb~-, all ri~li~, titlc~ an~l intcre~t
uf the \forthagur in an~l tn anv sueli ahstruct of title ~itall l~.~rs tu tl~e pttrchaser or rra~~tre.
u~ ;.,.1,.).i~~,1~~,•,;~ nf the '_i~oriv?a:or to the llortra~ee descrihed hereiu or ~ccuretl I?creLy,
tlie 11arlra~ce is lierelay ~ul>roDated to the ]ieu or lien5 ~n~l to the ri;;lits of tl~e owuers an~l IIOIIICr~ [fYC'ii.`iiY ~,i
and c~•ery mort~a;;e, lie~i or otlirr incuinhrnnce on tlie land descriLed I~crcin wtiicii is paid tinci%or sati~fied, in ~iliole
or in part, out of the ~~roceedR of tl~e Ioan dcacribed herein or acc.ured hereby; ~nd the re~Z~ectiee licn~ of ~uid niort-
~age~, tiens or oil~er incutnbrances, ~hall be and tlie same and each of theui herehy is prescr~•ed anci shall ~?asa to and
be lielcl by the ~ltorlgn~ce 1?crein as ~ccurity~ for tl~e indebtcdness to tl~c 1~ort~;agce l~crein descrihe~l or Gereb~- secured,
to the saine extent that i~ woulcl l~ave l~een prc~er~ed und Houl~l liuve bee:i pasaed to and bcen tield Ly the ~tortgagee
had it i~een duly and regularly as;ioned, transferred, set over, and dclic~red i~nto tlie .liort~agee by separate decd of
aasi~nuient, notwiti~staudin~ tlie fact tliat tlis eanie nia}- 1~e ?atiafied nnd cancelled of record, it being tiie intentiou of
tlte partiea liereto that tl~c Bame tivill he sutiefied and cancellcfl of recor~l b~• 11?e holclers thereof at or Al~ot?t tl~e tinie of
the recording oi tl~is mortra~c.
6. In the event the owner~hip of t6e niortgaged preiuises, or any part tl?ereoi, beeomeb verted in a per:on otl~er
than tiie 1liortgagor, tlie ltort~agce niay, w:tli~ut ~iotic~; La tl~c ~iortga~or, deat ~+itli s~~cli succesaor or aiiccessora in
intereat ~vith referencc to tl~is niortgare And the debt iiereby recured, in tlic Aawe nianner ~s tti•itl? the lSortgagor without
iu uny way vitiatinc or discharging tlie '.Itort~agor's liability liereunder or upon tl~e debt licreby eecured. :`'o sale of
tlie pren~ise3 hereLy mortgaaed ana no forUearance on tlie l~art of tl~e Dlortgagee, and no extenaion of the tiiue for the
paymeut of the debt herel~y aecured given by the 11lorigagee s1iall ogerate to release, discharge, madify-, c}iange or
affect the original liability of tlie Aiortgagor herein either in ~vhole or in part.
The lien of tl~ia iuorton~e zecurea und ~iinll contit~ue to secttre ifa}'ntent of saic~ indebted~~e~s lio~i-e~er evi- i
denced, whetlier by eaid protiiissory note or any renewal or extenpion tl?rreof or stibatitute thcrcfor, ~~r othenvisc, ~
uutii sll aucli indebtednesa sliAll I~ave heen fiilly paid.
8. The terma "blortga;or" and "hiortga~ec" whenever uaed iu tl~i~ in~truweni shall include ttie heirs, persoual
representativea, suceesaora und aseigna of the rcapective partiea liereto. Wl~erever used the eingular number aliall in-
clude the plural anii the plural the singular, and tlie use oi uny gender siiall include all genders.
9. It ia co~•enanted and agreed tliat should ilie terma of a mortgage auperior in dignity ta tl~ai of the herein de-
~cribed mortgage be modified. altered or varied, without the writteu consent of the liortgagee herein, then and in
auch cvent tlie Mortgagee herein may, at hiR option, dsclare the indebtedne~a secured i~y tl?is mortoAge to be all due
and payable.
10. This is a Purehase Money First uiort~a~;e- upou tl~e abo~~e ~leacril~ed ~roperty.
~J
IN WITNESS WHEREUF, tl?e said 1liortgagor licreuuder sets tia~ and seal nt ~
~County, Florida, tlie day and year first above written. ~ t
,
~ ~ ~ / ~ ~
. ~ ~
Signed, ecs;e3 and deli~-ered ~ .s~!~.,. ~_~1::G~"t~!.1~.._~ ............._._._..(SEAL)
M. T. RICHARDS ~
in the pre3ence of : ~ ~ ~i--~=~ (SEAL)
- - . . : _ _ - RICHARDS
.,...E~1~ _~~.-:_w_..__.__....__---__~___.___..._._~.. __.......~::-i ,...(~~A,L) ~
F ~ ~ ~ Q ~
~ ? ~ _ ~ FIL D .~~:C' CCO ~EO .
....~..,~~..~x.r,.~ ---~..~~~:~,~s~r,.l~---- ' . .~~M , t3~4K . ......__-w.___.~._.._.__.._..._:::..~,~~.~..._(S~AL~~ .
C~-~{~ t~ _ _ . _ : .
1 'co ~i ~'J ! ~ P;~1 !2 : 2 Q - ~ .
STATE OF ~r~~ s ~ - . ~
COUNTY OF~ ~s f ~Lr: ~ ~ ;~,z - ~
trlhite I::;:~:_.. ; . . . ~
Before nie personally appeace+l Ii. T: ~Rr~.~~~~~l~r' ~ RICHARDS, his Wif~
to me well known and known to u~e to be the individuala deacrit~ed in and who executed the foregoing instrun~ent, and
acknowledged before me tl~at they executeci the same for tLc purposea therein expreas~d.
WITlti'ESS my hand and of{icial seal in the County and Siate last aforeeaid tliis 30~h •.,day oi
e c er~b e r , A.D., 19 b 5 ~
f%l' c%'~ ~~t ~ , . . ,
biy Commiaeion Expires: ~ , ot /ublic, State of ~ ~ ,
a~f
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