HomeMy WebLinkAbout2167 , , . Our iile 5-19, 233
tA~. mottRaRr a othcr uanafer n( uUt tu tAe m~<<x,,~~e pope«y m e~t~n~auhment u1 tht ~ndehtednes~: .ecwrd hcrehy. ~11 n~ht. htle
am1 ~oie~est ot ~he ~Iori~a~or ~n and to any in~u~~nce pul~c~es then i~ f~xce shall pa.c to ~he putcAaser t~antee.
(h) Tu pcr~Mm, i~xnply w~tA and ah~dr each and eve~Y tAe cUpulaU~~nc, ~~r.emen~s, cood~t~un, and co~enants ~n >~~d pcomi.wry
note rnd m iA~+ deed set tn~t~,
G? Tha~ d any af .nd cum. ul monr~' hrre~n reEatrrd to be not promptly ~nd (ully pa~d w~~hin I~fte.n Ja>. neMt attet
the same se~erally br.~xnes due and pa)'aAle.w d eacA ind every the st~pulations, aRreements, cunJiuuns a~xf co~enants o( wid prom~s-
s~Ky n~~te and th~. deed, ~n enher, are not iu11Y Der(ormed, c~+mpGed riih and abided Av, ~he .a~s ~~~~egau sum menuuned m~a~d
pr.xn~ssory note shall become due a~d payable lo~iA~ith or ~herca(ter at the ophon ot the \fort~aice as fully and completely ac d the
.rid a«tt~atc sum uf sa~d pr~xms~wY note ras o~~~~nally st~pulated to be pa~d oa such JtiY. anylhm~ ~n ca~d ptort~issor)• nntt .x here~n
~n ~he :i+ntrary not~~thsUnl~n~.
1~ 1 T~r~ m ~rder to ~ccelerate lhe matw~ry of lhe mdcbtednecs Aereby ce.ured, brcwu of the t~ilure o( thc MwtRr`ur tu p~y an> tax.
e~.e..,ment, I~ab~1~t~, obl~Rauun or encumAnnce up~+n ~a~d propcrty, as hcrem prov~dtd, ~t ahall not be oeces.ary w rrqwsue ~hat the
m,~r~Eagee shali f~r.t My the .ame.
Thc \tortgagee ma~~, at h?s op~ion, and without waiving h~s t~ght to accelerate th~ indebtedness hereby
.ecured and t~~ foreclose the same, pay eithet before or aftet delinquency any ot all of those cettain obligati~~ns
required by the tetms hereof to be paid by the \lortgagor [ar the protection oE the mortgage security or for the cot-
lection uf the indebtedness hereby securzd. All sums so advanced ar paid by the ~lortgagee shall be charged ~nto
the murtgage account and become an integral part thereof, subject in all respects to the term~, conditions, and
c~?~~enants ot ~h~ aforesa~d promissot~ note, and this mortgage, as fully and tn the same extent as thouah a part
o~ the original indebtedness evidenced by said note and secuted by this mortgage, excepting howevet, that caid
~um~ chall be tepaid the \lortgagee forthwith upon its demand and be in addition to the tegular monthly install-
ment~ pruvided b~• the mortgage note.
That the abstract ot abstracts of title coveri~g the mortgaged property shatl at all times, duting the life
of thi. m~~rtgage, remain in possession of the ~lortgagee and in event oC the foreclosure of this mortgage ot other
tran~fc< <?f titlc t~? the rm-+ttgaged property in extinguishment of the indebtedness secuted heteby, all right, title
and interext ~~f the \lortgagor ~n and to any such abstracts of title shall pass to the purchaser or grantee.
~3. Tn the extent af the indebtedness of the 4lottgagor to the \lortgagee desctibed herein ur secured heteby,
the \1~~rtgagee i. hereby suhrogated to the lien or liens and to the rights of the owners and holders thereoi of each
and ever~ mortgage, lien or other incumbrance on the land desctibed herein which is paid and'or satisfied, in
whole or in part. ~~ut of the praceeds of the loan described herei~ or secured hereby, and the respective liens of
said mortgag~ s, liens or other incumbtances, ~hall be and the same and each of them hereby is presetved and shall
pa~. t~~ and hr heW br the ~tortgagee herein as security for the indebtedne~s to the \lorlgagee here~n desctibed
ot hcreb~~ ~ecured, tu thr ~ame extent that it w•ould have heen preserved and would have been passed to and been
held h~~ the \t~•rtgagee had it been duly and regularly assigned, transfened. set over, and delivered unto the ~1ort-
gagee b~ .eparate deed of assignment, notwith~tanding the fact that the same may be satisfied and cancelled of
tec~~rd. ~t be~ng th~ intention of the parties hereto that the same v?iU be satisfied and cancelled of record by the
halders there~~f at ~~r ahout the ume of the recording of this mortgage.
In ~he rcent ~he ownership ~~f the mortgaged premises, or any part thereof, becomes vested in a person
~~thzr than the \1~~rtgagur, the \tortgagee may, without notice to 1he Uottgager_ deal with such successor or suc-
ce~surs ~n intere.t Nith referen~e to this deed and the debt hereby secured, in the same manner as w~ith the ".Mort-
gagor ~~ithout in sm H~ay vitiating ar discharging the ',1loctgagor'~ liability hereunder ot upon the debt hereb~•
se~ured. :Vn ~ale ~~f the premise~ hereby mortgaged and no forbearance on the part of the ~k~rtgagee, and no ex-
ten.i~?n of the time fur the payment of the debt her~by secured given by the ~lortgagee shaU operate to release,
discharge, modif}•, chang~ or affect thr original I~ability of the \lortgagor herein either in whole ot in part.
6_ Thr I~~n ~?1 thi. deed secures and shall c~?ntinue to secure payment of said indebtedness or indebted-
4 n~ss, how<<•cr e~-~Jenccd, whether b~• said promissory notz ur am• renew•al or extension thereof or substitute there-
j for. or otherwitie. until atl such indebtednesc shall have been fully paid.
' 7. /n thr ~•~•e•n/ the morl~nQO?s sell, com•ey or trnnsJer ~he mo?tgaged premises durinR the IiJe oj this mo?t-
eut~~. lh~n ?hr~ m.n?ttuke sha!!. ut ;he optinn n( the .1lortxaxeP here~n, hecnme immcdiatPly due and payable Jor Ihr
tu(1 ~~~m of thc~ ~?ntc +pal bala?:ce nnd in~eres~ then due.
Thr tertn. "\t~~rtgag~~r" and "~lortgagee" whene~~er used in this instrument shall include the heirs,
perconal repre.entatives, successors and assigns of the respective parties hereto. wherever used the singular
number shall include the plural and the plural the singular, and the use of any gender shall inclucie all genders.
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Signe , ~caleJ • d J i e presence of: ~ ~ (SeaU
- (Seal)
• L~
STATE OF FLORIn.1 I
.s
couNTV ~F ~c ~
~5~~~` mUCIE~aii~ appeared MATTIE LEE BNIGHT, an unmarried woman
t~ me well known and known to me to be the individuals described i~ and w•ho executed the foregoing instrument,
and acknoaledgeJ before me that the}~ executed the same for the purposes thetein expressed. WITNESS mt~ hand
and ~?ff~c~al ~eal ~n ~he Count} and State last xforesaid this 17th Da~ of Jaauary~t,~•97~~
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1L~.. -~,n~R~,`(i~Cf~~,«•: dune 30, 19']Z Notary Publ~c, State of F10I` 8= a-
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