HomeMy WebLinkAbout1383 r
Our file~5-20,716
th~s aiwts~~e or otAt~ tt~esfe~ ot htle to the mon~a~ed pcoper~y ~n eaun~wsAmen~ ol the ~ndebtedness secured hertby~ all n~hl, htit
aad ~nlerest ot the Mat~~~a ~n ~nd to sny ~nsurance polic~es thee ?n (orce sh~ll pasa to 1he purchaser or ~rantee.
(h) To petfam, comply ~ith aod as~de by each and erery the ahpula~~one, •~reements, condihons and covenants 1n ss~d prom~.so~y
eote and in th~s deed se~ fwth. '
(i ) That ~t any of said sums o( money Aerem re(erreJ to be no~ ptaeptly ami fully pa~d ~uhin f~(tcen days nex~ a(ter
the s~a?e severally becomes dut and payable,or i( each and ere~y tAe stipulations, ~~reemen~s, cond~lions and covenants of sa~d prom~s-
so~y aote and this deed. or e~ther, are not tully per(ormed, caepl~ed vrith and ab~ded by, the sa~d a~re~att sum menuoned ,a said
praaissa~Y ~w~e shall become due araf payable (atAMitA or IAereatter at the opt~on ot the hlort~a~ee as fully and completely as if ~he
a~id aure~~te sws of said promissory note wras ons~nally slipulated to be paid on such d~y, anythjn~ ~n said promissory note or here~n ~
to the contruy notvri~Astsndin~.
(j ) TAat in orde~ to accele~~te tAe owtunty of the indebtedness hereby secu~ed, because of tAe (ailure o( tht Mor~~a~.x to pay any ~ax,
assess~aent, li~bility, oblisation or encumbrance upun said property, as here~n pravided, it sha11 not be ~ecescary o~ teQu~site tAat the
matsa~ee shaU (int pay the ssme.
2. The Mortgagoe may. at his option. and without waiving his right to accelerate the indebtedness hereby
secured and to foreclose the same, pay either before or after delinquency a~y or all of those certain obligations
required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
th~ mortgage account and become a~ integral part thereat, subject in all respects to the terms, conditions, and
covena~ts of the aforesaid promissory note, and this mortgage, as fully and to the same extent as thou6h a part
of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said
sums shall be repaid the Mortgagee forthwith upo~ its demand and be in addition to the regular monthly install-
ments provided by the mortgage note. ~
3. That the ~abstract or abstracts of title covering the mortgaged property shall at all times. during the life
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title
and interest of the Mortgagor in and to any such abstracts oE title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein ot secured hereby,
the hlonga6ee is hereby subrogated to the lien or liens and to the tights of the owners and holders thereof of each
and every mortgage, lien or othet incumbrance on the land described herein which is paid and/or satisfied, in
whole ot in part. out of the proceeds of the loan described herein or secured hereby, and ihe respective liens of
said moctsages, liens or other incumbrances. shall be and the sama and each of them hereby is preserved and shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described
or hereby secured, to the same eatent that it would have been preserved and would have been passed to and been
held by the Rlortgagee had it been duly and regularly assigned, transferted, set over, and delivered unto the Mort-
Sagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it being the intention ot the parties hereto that the same will be satisfied and cancelled ot record by the
holders thereot at or about the time of the recording of this mortgage.
S. In the event the owners6ip o~ the mortgaged premises, or any part thereof, becomes vested in a person
other than the Aloctgagor, the 4lortgagee may, without notice to the Mortgagor, deal with suc6 successor or suc-
cessors in interest v?ith refetence to this deec; and the debt hereby secured, in the same manner as with the A1ort-
gaaor without in any way vitiating or discharging the Mottgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and eo ex-
~ tension of the time for the payment of the debt hereby secured given by the Mortgagee shaU operate to release.
j discharge. modify, change or a[fect the ori6inal liability of Ehe Mortgagor herein either in whole or in part.
; 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted-
; ness, however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- -
j for, or otherwise, until all such indebtedness shall have been fully paid.
~ 7. /n the even~ rhe n~o~tgagors sell. convey or transJe~ the mortgaged premises during the liJe oJ this n~ort-
{ gage, then this neortgage shall, at the op~ion of the Afortgagee herein, become immediately due and payable Jor the
jul! swn oJ the principal 6atance and interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heits,
personal representatives, 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 include all genders.
- - rn~,~~,~~'
Sig , sea eli r in the resence of: (SeaD
i~ (SeaU
' .
~
TATE OF FLORIDA
, couNrv oF~ SS ~ Hc1~/i,LY ~ad SERTAi ncgTs~I~Y, aleo knoaa
i~ . I,IIC as BIBT~ Kcl~dJILT
Be[ore me personally appeared
~ to me well known and known to me to be the individuals described in and who executed the foregoing instrwncnt,
and acknowledged before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand
and official seal in the County and State last aforesaid this ?t,21 oi 8o~e~ber, 19?0•
.3~
3'7 (r~~'~i
2a1350
, ` . a
' = Q'~ ~ ~'•fi- :
'ssion Eapires: a1lII~Q 19~. Notag Q~i z~' - • _ ~
r
~R~P01 ~ s~~+l~: - ,
e~~Ea~c ~RC ~f ~ = ~ s~;~ , • „ _T ;
~~e~~oY.a~fl~0.~...~. ~ a' ...-;,:z .
..,~s- •z:k`•~.!•~:•
~u 13 I ~ PN'10 - . ~
gooK188 P~~E1380 -
~ v~ ~y.~ ~ .•.y~Fy'°X ~Y t
. ~ ~3~..~.
% . . ~