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HomeMy WebLinkAbout0863 Our file 5-~,~9 ~A~. wa~~~+r o~ o~Ae~ tnnak~ of utle to ~Ae wa~~~~s~ po0e~ty ~a ~auu~~ulw~ea~ W tAe indeb~tdaes~ secwed AsttbY. ~11 n~At. u~le •ml ~nie~e.~ ot tAe Mor~~ya ia and 10 ~ny ia+wuwe oolrc~~~ tAs~ is (o~et ~h~ll Nss to IAs ~tca~se~ a ~t~ntte. IA1 Tu oe~firiw, c.r~ly ~~tA ~od •a~de by tacA and e~trr tAs n~p~i~ums. a~rcewenu. caWiuons ~M covtn~nls ~a ~~~d ~ae~~caay n+.~e ~nJ ~o tA~x detJ set fatA. ~ l~ l TAa~ ~f ~ny o( r~id srws o( soeey hae~n ro(cncd ~o de no~ ~a~yUy aud (ully ~~A w~~Mn Gfteen d~Y¦ ~eat ~Qc~ tAe sret aever~ily escose~ dYC sud O~Y~ble.a ~f e~cA ~ad t~ay tbe ~~~p~l~t~oaa. ~«eeweeu, coml~ua?s ~ed eovea~nu of ssNl p~os~~. .~xy no~e snd ~A~s deeA. o~ euAer. ~~e not f~ily oerfa~el. cowPGed fiW aed sb~ded by. tAe ~~~d aq~e{a~e s~w wsnua~ed m r~id pran~~.saY nute ~MII seco~e dYC and PsY~ble (atA~r~tA a tAsn~fter •t tAe ope~o. ot ~se ~«~~.~•s t~ur .ae eo.o~e~e~r ~t ~n~ .aiJ a«re~~le iw~ o( s~~d po~~ssay aote ~~s a~~~n~11Y •tioul~t~d to be p~~d on sucA d~r. ~aytA~a~ in s~id ~o~i~~ay note or here~n ~o ~he cmauy aot~r~~hsund~n~. ' 1~ 1 TA~i ~e order to accelet~tt the s~wnty of tAe inde?teda~ss betsby s~cured, bcc~use ot tAe t~il~re of ihe Alorla~~a to Pay ~nY ~aa. ~c.e~exsen~, hab~l~tY. oefis~t~on ~r encumMsnct upan •ud popeitY. ai Rsre~n por~ded, ~l shall not be aecesaary a reou~sue ~M~ ~he m~x~~a~ee ~+au t~r,~ oar ~he ..se. 2. The Moctsa~ee may. at his option. and without waivin~ his ti~ht to accelerate the indebtedness hereby ~ecured and tu foreclose the same, pay either before or after delinquency any or all of those certain obli~ations s requ~red by the tenns he~eof to be p~id by the Mort~a~or for the protection of the moct~a~e secatity or for the col- Itc~iu~ af the indebtedness hereby secured. All sums so advanced or paid by the Mott~a~ee sh~ll be chat~ed into the mc~rt~ate accaunt ancl become an inte~ral part thereal. ~ubject in all respects to the terms. conditions. and ~uvtnants uf the afcxesaid promisaory note, and this mort~ase. as fuily and to the same extent as thou~h a part ~~f the ori~inal indebtedness evidenced by said note and secured by this mort~a~e, exceptins however. that said ~um. .hall be repaid the Mcxt~a~ee forthwith upoa its demaad and be in addition to the re~ulu monthly install- men~s provided by the moct`ase note. ~ 3. That the abstract or abstracts of title coverin~ the mort~ajed property shall at all times. dutin~ tke life uf ~hi+ mart~a~e, remain in possession of the Mort=a~ee and in eveat o[ the foteclosurt of this natt~a~e ot other transfer o( title ta the mort~sted ptoperty in extia~uishment o[ the indebtedness secuted hereby, all ri~ht, title and interest of the Mort~a~or in and to any such absvacts of title shall pass to the purchaser or ~tantee. 4. To the extent of the indebtedness of the Mort~asor to the Mort~a~ee described herein or secured hereby, ~he hlortsaaee is hereby,subro~ated to the lien or liens and to the ri~hts of the owners aad holde~s thereof of each and every mortsa~e, lien or other incumbra~ce on the land described herein which is paid and/ot satisCed, in whole or in part, out of the proceeds of the loan described hecein ot :ecured hereby, and the respective liens of ~ said mortsase s, liena ot other incumbrances. shall be and tlie same snd each of them hereby is preserved and shall pass to and be held by the Mort~a~ee herein aa aecurity tor the indebtedness~ to the Mort~a~ee herein described on c~reby secured, to the same oxtent that it would have been preserved aqd .vould fiave been passed to u~d been he1J by the M~~rt~agee hsd it been duly and re~ululy assi~ned, ttaasfetted, set ovet. and delivered uato tht Mat- aa~ee by separate deed ot assi~~unent, notwithstandins the faci that the same may be satisfied and cancelled of rcccxd, it bein~ the intention of the puties hereto that the same will be satisfied and caacelled ot recad by the hulders thereuf at or about the time of the recordinf of~this nart~a~e. S. In thc event the ownership ot the mort~a~ed premises, or any put thereof. becomes vested in a person other than the M~xtga`or. the ~+lort`a~ee may, without notice to the Mott~a~or. deal with such. successor ot suc- cecsorx in interest with teference to this deed and the debt heteby secuted. in the same mannet as with the Mort- gaaor without in any way vitiatin` ot dischu~in~ the Mort~asoc's liabilety herew~der ot upoa the debt hereby secured. No sale uf the ptemises hereby mort~a~ed and no fabeuance on the put of the Mort~a~ee. aad no ex- tensi~~n of the time for the payment of the debt- hereby secured tiven by the Mort~a~ee sball operate to release. _ discharse. modify. chanse or affect the ori~inal liability of the Mortta~or herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of ssid indebtedness or indebted- ncs., however evidenced, whether by aaid pranissory note or any renewal or e:tension thereof or substitute there- fur, or otherw~se, until all such indebtedness shall have been fully paid. ~ ! 7. /n rhe even~ the n~ortgagars sell. convey or transjer the n~ongagtd pren~ises durin~ the lije oj this n~ort- f xaR~. ~hen this ~nortgage shall, at th~ option oJ tht Mortgagee herein~ beco~ne in~mediatNy due and paya6le Jor the ; Jull su,n oj the principel lwlance and interest then due. ~ 8. The tenns "Mort~a~or" and "Mort~a~ee" w6enever used in this instrwnent shall include the heirs. personal representatives, successors and asai`ns of the respective puties hereto. Wherever u:ed the sin~ul~t ~ number shall inclode the plural and the plutal the sin=alar. and the use of aay =ender shall include all ~anders. ~ Si d, seaied d e e e nce of: Q -%L~ (Seal) _ ~j~, .r x-~ (Seel) . ~ i~.`iuc+E cou~n 2Ua969 ~ ~~~s CL K CIRCUIT COURT STATE OF FLORIDA REWItO YERIf1~0~R COUNTY OF~ ss ~f~{MA ~ Be[ore me t~sonall a ued I+'~`M3 ai~%ITH aIId HE1.:~N~:~Fi ~ QI$'Wi'i'e ~ . P~ Y PP~ ~ to me well known and Icnown to me to be the individwls described in and who e:ecated the fore~oin~ insv~unent. t and acknowled~ed betore me that they executed the same for the purposes therein expressed. NITNESS my hand and official seal in the County and Stste last aforesaid this 313t de~y Of OCtOb ~ 19?0• ~ .NItHi~:. ~ ~ v t~ ` ~ ~ . : r ~ ~ ~+ly Canmission Eapires: June 30, 19rj1 Not~y?~l~-S e~rf ~~rida e~t , ~ - - . : •~f ~ . • ~ , - ' • _ BOCKISO PACE . . _ , . - ~ ~ ~ _ ps, y _ _ . . ~~5~-. v~c w'.'fi,i'~:'A"..1 ~ . ~ ~