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HomeMy WebLinkAbout3005 Our file 5-?1,109 ~hi• wa~t~~~e a~.1Ae~ u~a~le~ ui hUe ~a tAe n~wt~a~e~ popt~~> ewo~w.Mpee~ u1 tAe ~ndel~ledne•a •eawrJ hc~en~. atl n~h~. ~ul~ ' ?mf ~nie~t~~ al tAe ?kw~~a~w ~n amf ~o ~ny ~niwae.e pal~c~ei ~~sn ~n Iwce ~A~il pa» ~u ~Ae pwcA~se~ .r ~~~n~ee. (A) tu ptU.r~. cawply ~ritA am) •b~de e~cA ~nd evtry tAe •uprlal~uns. ~peasents. cw~d~Uw~• •eai .o~en~e~• ~e .~~J pr.wn~.~.N~ no~e ~od ~n tA~a deed ~e~ (a~A. . l~ 1 TA~t d~ny o( s~~d ~w~a o( ~uneY he~e~n ~NencO ~o be nul ~uo~pfly •nd (ully pa~d +Hh~o I~I~ren Ja>> oeat •Iter the •~wt iers~~llr Asco~ti dae aed paYable.at ~f ta~A and ere~y tAt aUpulN~ons. ~~~ee~enu, c..n.l~u~~. ~nd co.en~nta u1 .aid pw~~•- sory nnte ~ed ~~~s deed. a e~the~, ue eot fully per(o~~ed, caspi~ed ~r~tA and •b~ded by, ~he tia~J a~are~s~e aws ~aeeuaned ~n ~ud pow~asaY nole sMll secoee due amf pay~ble fatA.~th or Ih¢re~tter ~t tAe ophon o{ Ihe Most~a~ee aa lully and cospletely ss d ~he s~~d ~{pe~~te su~ of sa~d pas~a~wY nott r~s'a~~~na11Y ~~~pulated to be pa~d m such daY, anyth~n~ ~n a~~d praa~aaaY ~o~e o~ here~n ~o tAt cMl~ary eot~~tAs~~nd~n~. 1 TAN ~n ade~ to accelerate tAe aw~untY of the ~ade~tednesa hereby secu~ed, De.au~e ol tAe ta~lure o( tht Ulw~sa~w ~o paY +~Y ~sssaaaent, haS~Gly, oelyaUOn ar enaumMsnce upw~ sa~d p~ope~ly, as here~n pov~ded, u shall not be nece~.ary a reqwsue tha~ the nwrtsa~ee shall f~rxt pay the sa~e. 2. The Mortsa`ee may. at hia option. and without waivin~ h~s right to accelerate the indebtedness hereby serured and to foteclose t6e same, pay eithet befote or after delinquency a~y or all of those certain obli~ations required by the tetms hereof to be paid by the Martgegar far the protection of the mort~a~e secutity or fot the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charaed into the mort~age accour?t and become an inte~tal part thereof, subject i~ ail respects to the terms, conditions, and ; cavenants of the afocesaid promissory nate. and this mortgage, as fully and to the same extent as thoush a part of the oriainal indebtedness evidenced by seid note and secured by this mortgage. excepting howevet. that said sums shall be repaid the Mortgagee forthwith upon its demand and be io addition to the regular monthly install- ments provided by tAe matsage nota 3. That the abstract or absuacts of title covering the mott`a6ed propetty shall at all times. durin6 the life of this mortga~e, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer -of title to the mottgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest,of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent o~ the indebtedness of the Mortgagor to the Alortgagee described hetein or secured hereby. the blortgagee is hereby subrogated to the lien or liens and ta the tights of the owners and holders thereof of each and every mortgage, lien or other incwnbrance on the land described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortsages, liens or other incumbcances, shall be and the same and each of them hereby is pteserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Alortgagee herein described or hereby secured, to the same eatent that it wauld have been preserved and would have been passed to and been j held by the !1lortgagee had it been duly and re6ularly assigned. trans[erred, set over, and delivered unto the Mort• gagee by separate deed of assignment, notwilhstanding the fact that ~he same may be satisfied and cancelled of record. it being the interttion of the parties hereto that the same will be satisfied and cancelled of record by t6e holders thereof at or about the time of the recordina of this mortgage. - S. In the event the awnership of the mortgaged premises. or any part thereof. becomes vested in a person other than ihe Alortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successur or suc- eessors in interest w•ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagot without in any way vitiating or dischargins the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the hlortgagee. and no ex- ~ tension of the time for the payment of the debt hereby secured given by the !Nortgagee shall operate to release. discharge. modify. change ar affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continpe to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewa! or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have becn fully paid. 7. In lhe event the mortgogors sell, convey or transjer the mortgaged premises during the liJe oj this mort- . j gage, then this ?no~tgage shall. a! the oprion oJ ~he Afortgagee herein, 6ecome immediately due and payable Jor the E Jull swn oJ the principal balance and interest then due. 8. The tem~s "Mortgagoi ' and "Mortgagee" whenever used in this instrument shall include the heirs; ~ persona{ tepresentatives, successors and assigns of the respective parties heteto. Wherever used the singular k number shall include the plutal and the plural the singulat, and the use of any gender shall inclode all genders. S' ned, seal nd eli re ~n the presence of: (Seal) FiLEO aKU RE St.IUC{E ~OUT~AS~ (Seal) ' ~ CIERR CtRCW ~ ~ RECORO VERIFIED.~s' ~ STATE OF FLORIDA I FE~ ~ 3 16 ~~~'('~Q~2U''~ ~ COUNTY OF Oii~7C ~ ss 1 .71 . U v 1~ ~ . ~ Befote me petsonally appeared~`ini`~.~;:.?~~ ..r~~j~ii~~ an unr~Grried„~'i;,i~1t. 2?Sj,II:; thz wi dower ~ oi ~l~UP( ~ ~ to me well knowr and known to me to be the individuals described in and who eaecuted~i'e ~oreaomg enstrument, ' ~ and acknowledged before me that they executed the same for the purposes thetein exptessed. WITNES~ my hand ~ and official seal in the County and State last aforesaid this 3~th :cty ~f J~nudr 1;'11 ~ ~ K ~ ~ ,,;i~. ~ ~1y Comm~ssion Expires: ~7UIIe ~0~ 1,'71 Notary Public. Stace of ~ lorid -~'i ~ . . ~ ~ s . < ~ ' ~ _ i Q• ~ ; - t ; ~ S G~ t ~ti,~ • ~ i 1i'• -s.? r^• ~ b ~ . . , ~ ~r 1~~ ~~96 ..,.....N.. . ~001~ ~~~~/11f111~Y1~`, ~ ~ . • ~ s ~ ' - ~ c-..,,~~~ . ~~~~~,'~_w.~-~-~ .a.,~'.~-::.,..