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Home My WebLink About0290 , ' Our rile 5-20,587 ~A~. ~wri~r~r a utAer u~eite~ ot h~le tu ,Ae ma~~~seA poperly ~n ~aue~~~sluaem u~ iAe ~ndebledees~ secacd Aereby, aU n~A~. uUe •~J ~ntsre~~ o( the Utor~{~aw ~n ~nd to any ~~.u~ance pOl~t~tl IAtA IA /O~Ct M~II a:s ~o ~Ae pwcA~~er a{~~ntee. , lA/ Tu perinm, c~rnplY ~~~A a?d al+~de by eacA ~nd evtry tbe s~~oui~UOns. sueements. cond~~~oes and covenaou ~n as~d prom~~~aY n..~e ~nJ ~n ~h~. deeJ set fatA. ( (i ) That d any of s~id awu ot ~ey here~n re(ctred ~o se not proa~tly ~nd (ully Pa~d ruA~n fifleen d~yn ne?t a(~er ~ the a~~se sevet~lly Secoaits dYe tad p~Y~Ale.ir ~f sacA ~ed eve~y the si~Pul~uons, ~{~eewen~s. co~wl~~~ons ~nd coven~nu of as~J pras~r- ~ .ury note and th~Y Aeed. or euAer, ue no~ (ully perforsed. cos~olied riM ~nd ae~ded by~ ~he ~c~~d a~{ret~te iuw ~eeuoned m ~a~~d pram.aay nu~e sAall secose due and p~Y+ble (aiA~~~A a tAsn~f~er •t tAe op~ion o( tAe Mat{s~ee fully snd co~PlslelY ss ~f the .a~J a~~re~~te ~w~ of sud promiaawy note ws o~~a~nally atipul~t~d to Se pa~d an sucA d~Y. ~nytAin~ in uid pto~i~sotr no~e a Aere~n to ~Ae,canUUy not~ri~hst~nd~ni. 1~ 1 TA,~~ m order to aceeler~te ~Ae iaa~un~y ol ~Ae indeetedneia Aettsy ~ecuced, bec~use ot tAe h~lu~e ot ths Mat~~~a to oay ~ny taa, +s.e~s~een~, 1~~0~6ty, obli~ation a eocumDrance upon s~~d property, hetein prov~ded. u sA~ll not be necessary a reauuue ~A~~ ~he n+~x~~~~ee rAall t~rst pay lAe s~me. 2. The Mort~a~ee may, at his option. and without waivin~ his ti~ht to accelerate the indebtedness heteby ~ccured and tu foreclose the same. pay aither betore or after delinqueacy any or all of those cett~in obli~ations ~equ~red by the terms hereot to be paid by the Mort~a~ot for che pcotection of the mott~a~e secutity ot for the col• Irc~iun af the indebtedness hereby secured. Al) sums so advanced or paid by the Mort~aiee shall be chat~ed into thr mortease account and become ao inte~ral put thereof. subject in all respects to the terms. conditions. and covenants uf the afcxesaid promissory note. and thes mort~a~e. as fully and to the ssme extent as thou~h a par~ ~~f ehe orieinal indebtedness evidenced by said note and secured by this mort~a~e, exceptin~ howevet. thit said ~um. shall be repaid the Mc?rttagee torthwith upon its demand and be in addition to tbe ce~ular monthly install- ments provided by the mort~aae note. _ 3. That the abstract or absuacts of title coverin~ the mottsa=ed ptoperty shall at all times. durins the life uf thi~ mortgage, remain in poasession of the Mort~a~ee and in event of the foreclosure of this nbtt~a~e ot other transfer of title to the moitsa~ed propetty in extiasuishme~t of the indebtedness secuced hereby, all ri~ht. title +nd intereat of the Mort~a~or in and to any such abstracts of title shall pass to the purchaser a ~rantee. 4. To the extent of the indebtedness of the Mort~a~or to the Mort~a~ee described hetein or secured hereby, the Alartaa~ee ia hereby subro~ated to the lien or lieos and to the ri~hts of the owners aad holders t4ereof of each and rvery mortga`e, lien or other incumbrance on the land described herein which is paid and/or satisCed, in whole or in part, out of the proceeds of the loan described herein or -secured hereby, aad the respective liens of said mort~a~es, liens or othe~ incumbtances. shsll be and the same and each of them hereby is preserved and shall pa~s to and be held by the Mott~a`ee herein as security for the indebtedness to the Mort~a~ee herein deacribed on c~rrby ~ecured, to the same estent that it would have been presecved and would have been passed to aad been he1J by the Ak~rt~aEee had it been duly and re=ulatly assi~ned, transferred. set over, and deliveted unto tbe Mort- gagee by separate deed of asci6nment. notwithstaadi~a the fact that the same may be satisfied and caacelled of re~cxd, it bein` the inteetion of the puties hereto that the same will be satisfied and eaneelled of recad by the halders thereuf at ~~r about the time of the recardint of this mort=a~e. 5. In thc event the ownership ot the mortaa~ed premises, or any patt thereof, becanes vested in a person othtr than the l4Wrtga6or. the Mortga=ee may, without notice to the Mort~a~a. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiatina or dischu~in~ the Mataa~oc's liability hereunder or upon the debt hereby secured. No sale uf the premises hereby mort~a~ed and no fatbeuance on the put of the Mott~ajee, and no ex- ; tensi~m of the time for the payment of the debt hereby secured ~iven by the Mort~a~ee shall opetate to release. ~ discharse. modify. chan~e or a(fect the arisinal liability of the Mott~asor herein either in whole ot in put. ~ 6. The lien of t6is deed secures and shall cantinue to secure payment o[ said indebtedness or indebted- ; ncss, however evidenced, whether_by said promisaoty note ot any tenewal or extension thereof or substitute thete- ' fur, ur otherwise, until all such indebtedness shall have been fully paid. ~ 7. In the event the mort a ors sell, convt or hons er the morl a ed ~ R 8 Y j 8 B P~cn~ists during the lijt oJ this rnort- € XaRe, then this mortgoge shall, at the option oj the Mor[gagee herein, become immediately due and poya6le Jor the E JuIJ swn oj the principal baloace and interest lhen dut. . ` 8. The terms "Mortsaaor" and "Mott~a~ee" whenever used in this instrument shall include the heits, ~ pers~mal representativea. successors and assisns of the reapective parties hereto. Whetever used the sinsular number shall include the plural and the plural the sin~ulat. and the use of any ~ender shall incl~de all ~eeders. . Sig d. sealed d' the presence of: , - - - - ~ (Seal) ~ .lUC1E C ROCEtI POIT~Af ~ 6LEaK CIACUIT CO~RT RECORO VERIFIEO~..~~ COUNTY OF L~iDE A ss ~Y 9 ~ l~ 1 I1 ~Q ~ . 3T. LUCIE ~ Beroce me persondly sppeared THEI,Mr? I,. DI%ON, an unm~rried woma.n ~ to me well known and knowm to me to be the individuals described in and who e:ecated the fore~oin~ instrwnent. ~ and acknowled~ed before me that they executed the same for the purposes therein expressed. 1MITNESS my hand ~ and of(icial seal in the County and Sate Isst aforesaid this 24th da~ of GCtobeT ~ i9?a ~ ~ ~ ~ - p~ ; ti ~ ~ly Commission Expires: - JuIIe 30. 19']1 Notary Public; ~{b ERY ' at T +?i ' . ' J1 I~`~i.::t:. ~ ; t ~~j •,is ~ s ~ • 6 ~ ,i ~ Y~~ ~p ~ s J ~ ~i~ ~ 1 N w O~ v . ~ ~ ~ ~ • ~h1 s < ' . ~)~~r' ~~i ~ ; ~ . ~a • i t ~e: , p ~ ~i~ ~•`~~~HH~~~~(~ . ~ BG~K 180 PACE 29~ ~ ; ~ _ - ,r~ - , - - ~ _ .