Loading...
HomeMy WebLinkAbout1515 f . . Onr t11• 5-19,38a f . ~ . ~ thia ~t~a~e or otber tn~ufer ot title to the mort~ased poperty in eat~ejuisMeat of tAe ~ndeb~cdness secaed hetehy. all ri~A~; ~i~le and in~c~est of tAe Akrt~saa ~n vd to ~ny iaaw~ace oofieiea lAea ia (orce sA~ll as~ to ~M purcAase~ or ~raafte. - (h) To per(am. caoply riM ~nd ~bide by eacA and evety ths st~oul~tions. ~peesents. cond~uons and coveexn~s ~n said pran~~say ao~e aad ie th?s deed set fath. (i? TAat i( any of xaid auws o( money Atre~o ~eferceA to bs not ptoeptly and fully paid W~th~n tifteea daYs neat af~er the sae~e serer~lly secowei due aad PaY~?le.or if eacs aad eve~y the slipul~tioaa. ~~teements. cond~tioas ~nd coveaants of said po+ua• a«y ao~e and tAis deed, w eiiAer, ue eo~ tulty perfonoed. complied ei~A snd ~A~ded by, the x~id skrepte swi eentionrd a? said pro~~uarr note sAsll beco~e due and Payaele fortAritA or tAereaftet •t t6e oot~oa ot tbe Mo~tpsee as fully sad capletely as if the said a~re~ate aw~ at sa~d ~owissaY note ras o~i~~nallr stipul~ttd to be paid an sucA d~y, aayd?ia~ in said ota~issay noce a Aere~a to thc coatr~ry uotvithst~ndiu~. . (j ) TA~~ ~n ader to accsler~te the m~tunty of We indebtednass hereby reeurcd. beca~se ot the failu~~ o( tAe Mat~a~or ~o pay sny taa, aase~esn+ent. I~sSilitY. obli~auon a eecumbr~eee upoe s~id p~ope~ty~ ~s A~rein prov~ded, i~ sh~ll aol ba necesarry a ~epu~site dui tAe ~+~t~ite shall fint pay the sase. _ 2. The ~1wt~a6ee may. at his option. and without waivin~ his ri~ht to accelerate tbe indebtedness hereby secu~ed and to foreclosa the ssme. pay either be[ore or after deliKquency any or atl ot those cattain obli~ations required by the terma hereof to be p~id by the Mort=e~or (or the protection of the mo[tfa~e secotity or fo~ the col- lection of the indebtedness hereby secared. All sums so advanced or paid by the Mortfaiee shall be chuaed iato the mortga6e accaunt and become an inte=tal put thereof. subject in all respects to the terms~ condiiions. and covenants of the aforesaid promissory note. and this mort~a~e. as fully aad to the ~same exteat as thoush a put of the ori~inal indebtedness evidFnced by said note and secured by this mottsa~e. eaceptins however. that s~id sums shall ba repaid the Mat=asee (orthwit6 upon its demand aad be ia ~dditioa to the re~ula[ naathly instali- ments provided by the mottsase nata. 3. That the absuact o~ abatracts of title coveria= the mort~a=ed propetty shall at sll times, durin= the life !!~~s mortgase. remain in posseasion of tbe Mortsaaee and in event of 1ha toreclosur~ of this mott~a~e ot other transfer af title ta u~- ;nort~a~ed propeny in extio~uishment of the indebtedness secuted hereby. ~11 tisht. title and interest ot the Mortta~a in aad to any such absVacts of titte sbal! pas~ to the purchacer a ~rantee. To the extent of tbe indebtednesa of the lrbrt~a~or to the Mott;aiae desccibed herein or secured heteby. the f~brtsagee is hereby sub~o~atad to the lien or liens and to the rishts:of tbe owners a~ holdete theteof of each and every mortgage, lien ot other incumbrance on tha land desetibed herein which is paid ard/ot aat~ft"ied, in whole or in pan, out of the procetds of the loan described~hereia or secuted he[eby. aad the tespectiv~;liens of said mort`ages. liena or other iacumbrances. shall be +utd the same a~d each ot them hereby is presocved ~qd shsll pass to and be held by the-Mortaa=ee-he~e~n as -secu[ity [or the-indebtedness co-t~e Mortgasee her~in-dascribed or hereby secuted, to the same extent that it woutd have beee preserved and would have been passed to ~pd been held by the 1Nortgagee had it been duly and re~ulufy assisned. transfeRa~,.set over, and delivered uato the Mort- ~asee by sepa~ate deed of assi`nment, notwithstandins the fact that ths s~me may be satis[ied and cancelled of recocd, it beins the intention of tbe parties hereto that the ssme will be sstisfied and cancelled of record by the holders theceof at ot about tlu time of the tecordinj of this mort`a=e. 5. In the event the ownership ot the mortsa`ed premises, or any part ther~of. becomes vested in a person other than the Mortaaaor. the Mort~a`ee may, without notice to the hbrtga`o', dcal with suc6 successor a suc- cessors in interest with refetence to this deed and the debt heteby secured, io the same mannec as with the Mort- ~asor without in any way vitiatin~ or dischar=ina the Moctaa~or's lisbility hereunder ot upon the debt hereby secured. No sale of the Qtemises hereb~ mort6ssed and no forbe~rartce on the part of the Mortaa~ee. and no ex- tension of the time for the payment of the debt hereby secnred ~ivea by the Mottsagee shall opetate to release. discharae, modify, chan~e ot affect the ori~inal liability of the Mortsa:or herein eithet in whole or in put. 6. The lien of this deed secures ar~d shall continue to secure payment o[ said indebtedneas or indebted- ness, however evidenced, whether by said promissory note ot any renewal or eatension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. E 7~. /n the event the mortgagore sefl, conv~y o~ traisjer the rhor~gaged p?en~ises dwring the li/e oj this neort- ~ Rage. fhen this rnortQaRe she![. at the option oJ the 9fortgogee herein, become irx~reediately due and-payable for thr t , juU sum oj the principal ba/ance and inttres~ then due. ~ 8. The terms ":Nortsagor" and "Mottgaaee" whenever used in this inatrument shall include the heirs, t ~erconal representatives. successors and assigns of the respective parties hereto. 11Yherever used e singular ~ nwnber shall include the plural and the plural the singular, and the se ot any Sender shall inclnde 1 endars. ~ - ' Si ed. seale li red in preseact of: (Seaq - _ - - - _ - -lSce13-- ~ STATE OF FLORIDA ! ~ couN~rv oF~ j ss ~ ST. ZUCIS T. V. FU'LFQRD and I~Y FULFORD, his 11ife Before me personally appesred ~ ta me well iuwvm and known to me to be tha indi~idu~is desctibed in and who osecuted the toresoin` inawment. ~ and acknowled ed ~before me tha! the executed the same for ,p u~o ses r~,~t exp~e ss~Q ESS m hand ~ S y ~iII 1J8~ O~ rl~l"C!1 1~~ Y ~ and o[ficial seal in the County and State last aforesaid this .-F ~ ° r~~~ `~'.t { 4y~ t { ~1? Y ?~~5~ ` ~ f , R 4 ~ r/• •r' ~ j~ C V t~. ~ NG RECOROED g~ - ~-r: F1Lf~~ J11II6 3~~ 1 Notary Public, Stste of Fl . ~ t.~"'C ~~`,,,t-•~-~ s ~ ; _ } ~ ~ • . . : ~ ~ ;h' ~ z 7.: ~ . ~ ' - - I~ ~ ,f~;' # . . ; ~ •.-l~` i~ ~ VJ S~'~I ~L.•~~~ ~~tR ~ i: . • . . I/ . ~l~r ~~~~~~.W~. ~ ~ - ~ ~ , i~~'Ir~`.~L ~ ~ ~ : x r • ~ . '~(1L ~7 ~ ,~t.~' ~JC7 , ••~,t - ~ ~ ~ ~pr' u`t;':U!' COURT p R do~1~3 ~~1514 " ~ ~ - ~ . ~ - w~ ~ . _ - _ _ ~ _ ~ . e