HomeMy WebLinkAbout0569 Our f ile 5-19, 5?8
eMs mn~~Rape ~x o~hrr it~n~(e~ ot ?~Ne to iRe ~r:oriRa~ed popert~• ~n exUngw•hmem u1 ~Ae ~ndel+iedne~a securoJ ~erehq, ..11 ~~sht. ~~tle
end ~nte~est o( ~he \Iw~~a~ur m~nd w a~y ~n.u~ance polw~e~ tAen in force shall pass to :he purchaser ur `rantee.
lAl' To peri~Km, r..mpl> ~itA ~nd ahidt b) eacA and evety the cupulauonc, a~~tements, cundN~on. rnd co~enants ~n .a~d p~um~.cury
eole ~nd m tM. deeJ sN fortA.
(~1 7'h~t if arv uf .~~d sum. .~1 maor> hrre~n referrrd to be not prompUy and (ully pa~d r~tA~n u(tcrn d~>~ ne*~ a1~er
the samt sev~r~lly bcc~Nnes due and payahle,or each and evety' the cUpulations, a~reemen:s, conJ~t~onc and cocen~n~s of ~a~d pr.xms-
.~a~ note and tA~. deed, ur e:ther, art not fully perfamed, cumpLed r~th and ~b~ded Ay, the .a~d a~art~:att sum ment~unrd ~n .ud
prom~csor~ nutt shall become 1ue and pa)able t«~h+ruh a thereafter a1 tAr upa~? o( tAc Mortja~ee ss tully and comple~ely ac d Ihr
.ud as~tt~att sum .~~d pr.vn~s+wy note r•as on~~ea11Y supulated to be pa~d on such dry, anyth~nR m sa~d p?an~ssory nott w here~n
~u the contrary not~i~Asundm~.
li ~ TAa~ ~n ord~r t~. accelerate the ma~unty uf tAe mdt~tedness hereby secured, because of ~he f~~lure o( IAe AI~tRa~ur ru pap any u:.
~..e~:;menl, Iub~luy, e.bl~g~uon ar encumbranct u~n si~d property, as herem pro~~ded, ~t shall not be ne:ec.ar~• ur rcqu~sue that the
m. nFagec .half (~nt p,?y the .nme.
The \lottgagre ma~•, at his opt~on. and without waiv~ng his tight to accelerate the indebtedness hereby
~ecu~ed and to foreclose the same, pay either before ot afte~ dclinquency any or all of those cettain obligatians
req~iired by the tzrms hereof to be paid by the Mortgagor for the protection of the rmxtgage security or for the col-
lecti~~n of the indebted~ess hcreby secured. All sums so advanced or pa~d by the ~luttgagee shall be chatged into
the mortgage account and become a~ integral part thereof, subject in all respects to the terms, conditiuns, and
~u~•enants of ihe aforz~aid promissory note. and this mortgagz, as fully and to the same extent as though a part
~~f the origi~al irxlebtedness e~•idenced by saiJ note and secured by this mo[tgage. excepting however, that ~sid
.ums chall be repaid the \latgagee forthwith upon its demand and be in addition to the regular monthly instail-
ment. pmv~ded by the mottgaae note.
3. That tha abstract or abstracts of title covering the mortgaged ptopetty shall at all times, during the life
af th~. m~~ttgagc, remain in possession of the ~lortgagee and in event of the toreclosuce of this mortgage or other
tran~ter of ~~tlc t~~ the mortgaged propeny in extinguishment of the indebtedness secured hereby, all right, title
and ~ntere~t of the ~tartgagor in and to any such abstracts ~~f title shall pass to ?he purchaser or grgntee.
1. T~~ the extent of the indebteJness of the ~Mttgagor to the ~1~~rtgagee described herein oc secured hereb~.
thr ~t~~rtgagee is hereb~~ suhrogated to the lien or liens and to the rights of tt~e owners and holdets thereof of each ~
and e~er~• mortgage, lien or other incumbrance un the land described herein which is paid and`or satisfied, in ;
whoie or in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of
.aid mortgages, liens or other incumbrances, shall ba and the same and each of them hereby is presetved and shall
pac~ t~~ and be held b~• the ~tortgagee herein as securitv for the indebtedne~s to the ~iortgagee hetein described
~~t hcrcbv securtd. t~~ thr same ext~rit [fist-tt «~ould have been preserved and w•ould have been passed to and been
hcld b~ the \1~~rtga~ee had it been duly and regulatly assigned, transferred, set ovet, and delivered unto the ~1ort-
gagec b~ ~eparatt dzed af ass~goment, notN•ithstanding the fact that the same may be satisfied and cancelled of
re~~xJ, ~t hr~ng th~ ~ntent~on uf the partie~ hereto that the same will be satisfied and cancelled of record by the
h~~Wers ~hrre~~f at ~~r ahout the time of the recording of this mortgage.
5. In the r~rnt the ~wnership of the mortgaged premises, or any part thereof, beccxnes vested in a person
~~ther than the ~k~rt~e~gor, the ~lortgagee may, vrithout notice to the ~lortgagor, deal with such successor or suc-
retsurs ~n ~nterc~t ~ith refecence ta this deed and the debt hereby secured. in the same manner as with the ~1ort-
gag~~r ~.ithout ~n am way vitiating or discharging the ~tortgagor's liability hereunder or upon the debt hereb~•
crcured. :V~. sale ~~f thr ptemise~ hereby mort~taged and no forbearance on the part of the "lbrtgagee, and no ex-
tzn.i~~n oC the time for the pavment of the debt hereby secured given by the Mottgagee shaU operate to release,
di.charge, mcxi~lc, change or affect the otiginal liability uf the Mortgagor herein either in whole or in part.
; b. The li~n ~~I this deed secures and shall cuntinue to secute pa~•ment of. said indebtedness or indebted-
~ n~~•. h~~ue~•cr ev~Jenccd, whethet b~• said promisson~ note or am~ renewal or extension thereof or substitute ihere-
k -----i~r:
~srtsthrr~~r~att-sIICfi-ir~debtedncss-~hatl ha~ e becn futly paid. _
i. In th~• ~•~•e•n~ tRe mortRaRors sell, con?•ey or Irarisfer the mortRaged p~emises during the life nj ~his mo~t- s
; ~;u¢r. thcn rhr. ~nrttuee shall. at thr option of li~e .11or1Ra~ee herein. hecome inimediately de~e and paya6le jor ~hr
~ tu(1 sum oi tlrr ~?mr~~al fwlance and interest thrn due.
3. Tht terTr.~ "\tortgagur'~ and "\lortgagce" whenever used in this instrumeM shall include the heirs,
~ pcr~onal representatives, surcessors and assigns of the respective parties hereto. Wherever used the singular
number shall include the lural and the plural the singular, and the use ot any gender shall include all genders.
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. i/~ ' H'~ (
i nzd, Jel ereJ the p ence f_ S~al)
P ~/1!) (Seal)
i
~ STATE OF FLORin.~ I
COUNTY (1F [~iX ~
Refor~e me peUrCIa Iy ap~+eared A. GI. BNOWI+T~S ead BB~UIaAR P. ffidOi~I~E3~ h18 xit9 j
t~ me Kell known and known to me to be the individuals described in and who executed the foregoing instrument,
~ and ac1¢a~~ g efore me ~hat the} executed the same for the purposes therein expressed. WITNESS my hand
~ ~nd ~~fE~J~a~~+~t~~~6~i State last aforesaid th~s 9th Dey Of g 1970
~ F'r{~7r, „~~r Y. ~La. '
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~ 'TO APR 2 3 ~ ' ~ 3 ~ ;
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~1~• C„mm~c~~nn ~I~.rpi-re.: ~1~~ 1'9?l Notary Public. State,~L.--~S + ;
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~ CL_PK CIRCUIT COUR ~ ~ -
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