HomeMy WebLinkAbout1625 111ott~aor. In e~•ent e( fo~elosure of thii tnoH6ise ur other trana(er oI title to the woct6a6ed p~o~crty in eztia6ui~lunent of t6c iadcbt•
ed4cu secured bereby, All ri6ht, title and intereat of tht Mort6a~or ia and ta aar iasunnce pol~ciei thea in force ~hell p~e~ to t6e
purchaaer ur ~eantee.
(h) To podorm, compl~ wi~b aa~ Rbide br each aad every the atipulations~ a~retmaets, coaditioni and covenanta ie •aid promi~t+~tr
note and in thii dctd sct torth.
(i) That if anr o[ aid ~nrw ol moaar Lereln reterrtd ta bt ad pcojnptl and tullr psid withia fitteen days eEract
aftec the wne ~everallr beto~aa~ due and pa7ablc, or if each and cvcr~ ~a ~tipulationi, a6rce~uent~~ conditions and eo~•eaanl.~ of uid
promiwot~ aote aod thi~ deecl, or eitlxer~ ar+e not tully ptrfonaed, co~uplitd witL •nd abided by~ t5e uid a66re6atc ~um tnentioaed in
eaid ptomi~eory note t6a11 becoine due and payablt [onhwith or thereatter at tha option o! the DiortRr6te u inlir aad corupletely u .
if the sald ~a~repta •wn o( said promiasory note wa~ orisin~lly atipulated to be pald on such day, anYthinE in ~aid promlqecr ¦~te ~
on c~rtin to the eontrary notwithatandin6.
(j) 'Th~t in ardrr to ~eeelente the n~~turitr ut the ind~btednets herebr ~ecured, l~cawe oi the failure of tbe Moet~6or to pay an~ ~
trx, aascastnent, liability, obligetioa oc eneuutbra~ce upon srid pcopertY. ~s herein provi3ed, it ~hali not be aece:sary or requisite that
the u~ortga6ee aFull fint par the same.
2. Ttie ~iortgagte uiay, pt hie option, and without wuiving l~ie right to accelerate the indebtedneaa herebp
secured and to forrecloee the same, pay either before or after delinquency a~ny or all of those ceriain obligationa
required by the terma her~af to be paid by the Mortgagor for the protection of ihe mortgage aecurity or [or the collec-
tion of the indebteclneee hereby securtd. All auma so advanced or paid by the Mortgagee ehall be charged into the
inortgage account and become an integral part thereof, aubject in ull reepecta to the terme, conditione, and covenanie
of the aforeaaid promieaory note, aad thie mortgage, sia fully snd to ihe same estent as though a part of the ori~inal
inde6tedr.ese eti-idenced by asid note and eecured by thie mortgage, e~cepting howE~•er, that said eume ahall be repaid
the Mortgagee forthwith upou ita demand and bt in addition to t4ie regular nionthly installmente provided by the
~nortRa~e note.
3. That tlie abstract or abatracta of title covering the mortgaged proper~~' sliall at all tiniea, during the li[e o[ ,
thie znort~age. remain ia pesaeeaion of the biorigagee and in event of the forecloeure of thia mortgege or other tru~afer
of title to thc niortgaged progerty iii eatinguiehment of ihe indebtednea9 secured hereby, all right, title and iaterest
of the hiort~agor in and ta any euch abatracta of title ahall pae9 to the p~irchastr or grantee.
4. T'o t6e extent of thc indebtedneea of ih~ Mortgagor to the Mortgagee described herein or aecured Lereby,
the Diorigag~~e ie hereby eubrogxtecl to il~e lien or liena and to the righta of tl?e o~.nere aad holdere thcreof ot each
and every mortgage, lien or other incumbrance on the land described }ierein which ie paid and/or aatiefied, in wholc
or in part, out of the proceede of the loan deacribed herein or secured hereby, aud tl?e respective liens of said mort-
~agea, liens or other incumbiaacea. ehall D~e and the same xnd each of t}rem hereb~• ie preserved and sha~ll paea to and =
ire held by the Mortgagee her+ein aa secucity fer the indebtedneae to the ~liartgagee hercin deacribed or hereby aecured, ~
to t}ie same extent thAt it would have }~een preaen•ed and would have been pasaed to and been held by the Mortgagee
had it been duly and reguiarly aeei~?ed, traneferred, eet over, aud delir~es+ed u~~to tl~e :~iortgagee by separate deed of
a~igmnent, notwithatanding the fact that the eame may ba aatie6ed and caneelled of record, it beii~g the intention of the _
~~arties lizreto that the same will be eatisfied ~nd caaoelled o~ record by the holdera thereof at or about the time of
tlie recording aC thia~mortgage.
5. In the event the ownerehip of the mortgaged premisea, or a~~~• pari tliereof, becomea veated in a person other
than tl?e Dlortgagor, the ?liortgagee may, without noticc to Ehe Mortgegor, deal witli auch aucceaaor or succ~aeors ia _
iutere~t ~+-ith reference to thia de~d and t[~e debt hereby eecured, in tl~e same rnanner as with the Aiortgagor without
in a~iy way «tiating or diacharging the Mortgagar'e }iebility htreunder or upon the debt hereby aecured. No eale of -
die ?remises liereb}• mortga ed and no farbearance on the p~rt of the '~'Iortgagee, and no eYtension of the ii~ne for the -
pay,~~ent of the debt hereb getcured given by the ~~origagr~e ahall operate to releaae, discl?arge, modi[}, change or af'Eect
' tiie original liability of the Mortga~or herein either in ~vho~e or in part.
6. Tlie lien oC thie deed aecurea aad ehall continue to secure pa~•ment of said indebtednea9 or indebtedQeaa, }
F iioweti•er evidenced, whether by aaid promiesory note or any renewal or exteneion th~reof or aubatitute therefor, or ;
~ otherwise, until all auch indebtedneas ehall have been fulh• paid.
' 7. In il:e event the mort~ngors sell, convey or trai:s/er the mortgaged premises d« ring tlte li(e of this mortgnge,
k then this niortgnge shnll, ~t t/~e option of t)ie 1lfortgagee herei», t~ecome rmmediately due ar~d ~nyable for the fitll sum of
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~ the principal bnl~nce n~zcl i»terest then due.
- 8. The terma "'~iortgagor" and "Mortgagee" whenever ueed i~i this instrument sl~all include the heirs, persona~
= reprexentati~•ee, sucoesaors and aeei~na c~' the respective partiee hereto. Wherever ue~d the eingular numher shall include _
' the plural and the piurat the aingular, and the use oC ~ny gender shall include aii gendere. '
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' Signed, sealed and delivered in ttie pre8ence of : ( )
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' STATE OF FIARID
' COUNTY OF gs
~ ST. ZUCI
BeEore pereonally appeared ROB~T T. I,ENTZ arld BERTHA I,ENTZ ~ hi~ vrife ~
to me well known and known to me to be the individuals deecribed in and who executed the foregoing inetrument, and
acknowledged before me that they cxecuted the eame [or the purposes therein expresaed. NESS my hand and
o~icial eeat in the County and State last aEoreeaid thie 21 St day Of cTd21 Y' ~ 1 g 6.
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My. ~'.9mmi sion Ex ~eee. Not~ey Puhlie, State oE ~ ' ~
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.•t-t~ . '~.~6.~r~r ~ ~ ' .
; ' . . . ROGEr~: ;'"vl~: ~~,a,=~. C'.ERK ~~g
° . . . ~ ST. LUCI~ CGUt~~TY, BDOK ~
. F~ORIDa ~ - ~