HomeMy WebLinkAbout1167 Our file 5-21,185
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tA~s mw~ • e ix otAer U~ns(e? o( UNe to tAe mo~t s ed o ~t> ~n e*~~n wal+ment ul tht ~ndebtedne~~ ~erurrd hc~e~ ~
t~ r i D~ M t oll ~~~hl. t~tle
and ~me~est of Mt ~1u~t~~s~x m and lo any ~nsuume ~wlic~es tAee in (orce shall pas~ to Ihe putchascr o~ ~umtt.
(A) To pe~f.rm, iampty w~tA and ab~de b>' eacA ~?nd ~very tAe st~pulat~ons. a~ttements, condu~.x~s and :o~ert~nts io .~~J pr..mi>~oi>
no~e and ~n tMs deed se~ fo~t~.
(~1 Th~t ~t any o( sa~d sums ot mooty Aerein retened to bc nw prwnptl> and (ulty pa~d ~~thin ~~f~c.n da~. ne~~ aitr~ ~
the samt serecally becdnes due snd payable..x ~t eul+ and cvu~ the shpul~uons. a~teements, .o~d~uo~s ami co~enan~s .a~d prwn~~.
soty nolt snd tMs deed, or euAtr, ue not (ully perl.umed, cumplied ~UA and ab~ded b)', t~e .a~d ~ure`ate sum menunned m.a~d
pran~ssor> nolt aAall becoent due and pa~a~le (atAw~th or therealter a~ thc opt~on of the \lort:a~ee ac tull) and completel~~ as i( the
s~~d a~vt~att swe ot sa~d ptom~c.My note ~~s or~~~~ally supulated to be pa~d m sucA day, anytAin~ ~o sa~d pram~ssory note .u here~n
to ~he cmuary not~~tAstu~dms.
(t 1 That ~n order 1o accele~ate the ma~un~y ot the ~ndebtednesc hereby cecwed, t+ecause ot ~he fa~lure oi tAe AloctR~j~x t~. pay an> ~a?,
asse.sment, lub~lit~, .~I~~at~an ..i en.umb~~nce upon sa~d pn.pcrty, as ht~em pr.iv~ded, ~t shall not be nece~~ar~ .w ~eQwsue that t~e
m.xt~atce shall fust pay tht same.
2. The ~iottgagee may, at h~s opt~an, and without wa?ving h~s nght to acceltratr the indebtednts~ hereb~
secuted anef to foreclose the same, pay either before ot aftet delinquency any or all af those certain abligatiun~
requited by the tern?s hereof tu be pe~d by th~ ~kittgagor for the protection of the mottgage secutit~ or for the col-
lection of the indebtedness hsreby secured. All sums so advanced or paid by the !Nortgagee shali be charged into
the moet`age account and become an integral pazt thtreot. subject in ail respects to the term~, co~ditions, and
covenants of the aRxesaid promissory oote, and this mottgage, as fully and to the same exttnt as though a part
of the urisinal inciebtedness evidenced by sa~d note and secured by this mottgage, excepting however, that ~a~d
sums shall be tepaid the 111ottgagee forthv?ith upon its demand and be in addition to the tegular monthly install-
ments provided by the mortgage note.
3. That the abstract ot abstracts of title coveting the mortgaged ptoperty shall at afl times. during the life
of this mortgage, remain in possession of the ~lortgagee and in event of the foreclosure o( this mortgage or other
transfer of utle to the mottgaged property in extinguishmtnt of the indebtedness secured hereb~, all right, title
and interest of the \lortgagor ~n and to any such abstracts of title shall pass to the purchaser ot g~antee.
4. To the extent of the indebtcdness o[ the 4lortgagor to the lk~rtgagee described herein or secured hereby,
the Aiortga6ee is hereby subrogated to the I~en or liens and to the rights of the owners and holders thereof of each
and everv mortgage, fien ot othet incumbrance on the land desctibed herein which is paid and "or satisfied, in
whofe ot in part, out of the proceeds of the ioan described hetei~ or secured hereby, and the respective li~ns of
said mort6ages, liens ot oth~r ~ncombrances, shall be and th~ same and each of them heteby is preserved and shall
pass to and be held b}- the ~lortgagee here~n as secutitv for the indebtedness to the \tortgagee herein described
or hereby secured, to the same eatent that it would have becn preserved and would have been passcd io and been
held by the ~lortgagez had it been duly and tegularly assigned, ttansferred, set over, and delivered uato the ;11ort-
gagee b~~ separate deed of ass~gnment, notwithsianding the fact that the same may be satisfied and cancelled of
record, it being the mtention of the parti~s hereto that the same w~ill be satisfied and cancelled of recotd by the
holders thereof at or about the nme of the rccording of th~ s mortgage.
5. In the cvent the ownership of the mortgaged premises, or any part thereot, becomes ~~ested in a person
other than the ~kirtgagor, the \Sortgagee may, with~ut notice to the ~lottgagor, d~al with such successot or suc-
cessors in mterest ~ith reference to this deeu and the debt hereby secured, in the same manner as with the \lort-
gagor Mithout ~n an~• way vit~ating or discharging the Mortgagor's liability heceunder or upon the debt herebr
! secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the lbrtgagee, and na ex-
k tens~cx~ of the t~me for the payment of the debt hereby secur~d given by the \lottgagee shall opetate to release,
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~ discharge, modify, change or affect the arig~nal {~ability of the ~lortgagor herein either ~n whole or in part_
~ 6. The I~en of th~s deed securcs and shall continuc to secure payment of said indebtedness or indebted-
i ness, however evidcnccd, whethcr b~ said ptomissory note or any renewal or extension theteo[ or substitute there•
~ for, or othetv?ise, until atl such ~ndebtedness shall hav~ been fully paid.
~ --~-In the e~•ent rhe niortgaRors sell, com•e~• or transJer the morlgaged p?ernises during the lije oJ this nrort-
qage. ~hen ?h~s mo?tgage shal(, at ~hP option nf the .I}ortgagee herein, beconie ~mmedia~ely due and ~yable jor the
~ Jull sun~ oj the pnncipat balance and irelerest then due.
~ S. The terms "!1~ortgagor" and "~lortgagee" whenever used in this instrument shall include the heirs,
personal representatives, successors and ass~gns of the respect~ve parties hereto. Wherever used the singular
number shall ~nclude the plural an~i the plural thr s~ngular, and the use of any gender shal) include all genders.
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Sig ed, sea a d liver ~n th presence of: //~~~~5~~'f(.~,+~~ (Seal)
~ FlLED (Sea11
~ ' S7.lUCi~ COl1NTY fLA. ~)(1~(-~Q(+
~ AOG~~ PQ17RA5 rfrlJ JO[
~ CIERK ~t:.i.UIT COURT ~
RECfRil Y~F~FIED~
~ STATE OF FLQRIpA I p~
~ COUNTY OF ~m$ ~ 1S ~E~ 23 2 S2 f f1 ~T I
a
~ 3:'. ~i~IE , T , .
Beforc mc pcrsonally appeared-= ~C=~_~__i~ ~,~~~LLJ~IJl Gl.~ L121::,L~"ric3 :::an, ~cl:l`: tne
~ to me well known and known to me to't~e`''~t ~~ivt8hals dtscf~bt4t~in aAt!`-a~ttb l~t~tuted the foregoing instrument.
and acknowledged befote me that the}• e~ecuted the same for the putposes therein expressed. WITNESS m~• hand
~ and off~cial seal ~n the C'ount> and Statc last afotcsaid th~s 1`:th ~~a~~ Of ~'e~ ruur~ ~ 1~; ,71
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