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HomeMy WebLinkAbout2588 , Our file 5-22,353 th~s mwtp~t .x utAe~ Uansfe~ ot ~ule w tAe m~w~~a~ed pupo~t~ ~n ext~n~u~~hmcnt u~ the ~ndcAtedoe.. secwcd heichy, ~11 ~~~At. h~le ~ •nJ ~n~e~est u( tAe !Nwt~~~ur ~n ~rnf ~o a~y ~mwanre polic~es then m(wce sAall pa.s ~o ~Ae putc~rser w pan~ee. (h) To peU~rm. ~~rnp1Y an.1 ab~Je Ay eacA am1 eve~y Ihe st~pulah.~nx. a~reemtnt5. cunJ~Uwts and cu~tnan~s ~n ~a~d prom~.sar> ' nMC am! ~n ~h~. Jecd set twtA. f G1 Tn,~ ~r any ot s~id sums of m.MC> hc~e~n u(crrcJ ~u bt nut p~.xnp~ly and tull) pa~d ~uh~n t~ttcan day~ ne~l •ttct tAe same seveully becwnes Jue aM1 pay~ble.~r ~i e~:h ~nJ eve~y thc supulauonc, a~rccmen~~, ~..n.f~t~~.e. amf co~enan!~ u( caid pam~.- s.ry note and th~s Jeed, or euher, ott not (ully pe~tormcd, c~unpl~eJ ~uA and ab~ded by, ihe .a~d ~~rc~ato sum mcnti.x~ed ~n a~~d p.ra~ssa> note sAall be:uwt duc and pa>aAle f~~th~~ih .w thcecalte~ al the uptu~n ot the \twt~a~ee aa lully ~nd comple~ely as d the s~~d a~pepte awa o! sa~d prum~s~~xy note ~ac oe~~~n~lly supula~ed to be pa~d an sr.A daY. an~ih~n~ ~n aa~d pom~s~ury note or here~n to ~he conhaiy notruAai~ml~n~. 1 That ~a Mde~ tu ~cceleute ihe m.wruy ot the ~nJebt~dnes+ he~eby secwed. ~ecause of thc (a~lure o~ tAe \t.at~a~w ~u p~) any euecsmeot, I~ab~ht~~, abl~Yah.x~ w en.umbr~nce up.m sa~d pr.,pe~~y, as here~n p~u~~ded. it ahall oot be oe.e...,r~ .w reQwcue tha~ the ma~~a~et chall f~rc1 ~.ay the ~ame. 2. The ~k~rtga~tee may, at his aption, and without waiving h~s right to accelerate the ~ndebteJness hereby s~cuted and tu foreclost tht ~ame, pay rither hefore or after delinquency any ~~r all af those certain obligations tequired by thr terms hrreoi io be paid by the ~lortgag~x for the protectioo uf the mortgage security or fot the col- lection of the indebtedness her~by secu~eJ. All ~ums so advanced or paid by the Alortgagee shall be charged into thr mortgage arcount aaJ become an iotegral pait thercof, subject in all respects to the term., conditions, and rovenants ot the af~xrsa~d prumissury nate, and this mortgage, as fully and to the same extrnt as though a part of thc original i~nlebtedness evidenced by ~a~d note and secured by this mnrtgage, excepting however, that said sums shali be repaid the Ak~rtgagee f~•rthv?•ith upon its dema~d and bc ~n addition t~~ the regular monthly install- ments ptovided by the mottgage nott. 3. That the abstract ~~r abstracts of ti~le cover~ng the mottgaged ptoperty shall at all times, during the life of this mortgage, remain ~n Ex~ssess~on of the ~lottgagee a~d ~n event of the foreclosure of this morlgage or ather transfer of title to the mortgaged propert~• in extinguishment of the indebtedness serured hereby, all right, title and ~nterest of the ~lottgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. To the extent of the indebtedness of the N.ittgagor to the \lortgagee desctibed herein or secured hereby. the ~bttgagee is hereby subrogated to the I~en or lieos and to the rights a~ the owners and holders theteof of each and every mortgag~, lizn or uther ~ncumbrancr 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 ar secured heteby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and hr held by the Stortgagee here~n as security for the indebtedness to the ~Sortgagee herein described or hereby secutzd, to the samr extent that it would have been presened and would have been passed to a~d been hel~ by the ~irrtgagee had it been duly and regularly assigned, transferred, set over, and deliveted unto the !11ort- gagee by separate deed of a~signment, nutwithstanding the fact that the same may be satis[ied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of recocd by the holdets thercoC at or about the t~me of the recording of th~s mortgage. 5. In the event the ow~netship of the mortgaged premises, or any part thereof, becomes vested in a person othzr than the ~k~rtgagot, th~ \lurtgagee may, without notice to the ~lottgagor, deal with such succes~or or sur cessurs ~n interest with rcfe~ence to thi+ deeu and the debt hereby secured, in the same mannet as veith the \lort- gagor without in an~• Way viuaUng or discharg~ng the Mortgagor's I~ability hereunder or upon the debt hereb~~ ~ secured. No sale of the premises hereb~ mortgaged and no forbeara~ce on the patt of the ~brtgagee, and no ex- tension of the time for the payment of the debt hereby secwed given by the ~lortgagee shall operate to release, ~ discharge, mnd~f~•, change or aCfect the original I~ability of the ~brtgagor here~n either in whole ot in part. 6. The I~en oC this deed secures and shall continue to secure parment of said indebtedness ot indebte~- ness, how•ever evidenced, whether by said promissor~• note or am renew•al or eatension thereof or substitute there- for, ~t otherw~~se, unt~l all such indebtedness shall have been fully paid. 7. /n the e~•en! thP mo~lRn,~?o?s Sell, com•ey or ~ransJer the mo?tgaged p~emises during t6e lije oJ this mort- RaRe• then rhis mortgnge sho(!, at thP opeion of the lfortgageP herein, berome ~mmediately due nrrd paya6le Jor the full sun~ oJ the princ~pal balancP and interest the~n due. R. The tertns "~lortgagot" and "~lortgagee" whenever used in this instrume~t shall include the heirs, petconal rcprcsentat~ves, succe~sors and a~s~gns of the res~ecu~e parties hereto. Vlherever used the singular number shall include the plural and the plural thr .ingular, and the use of any gender shall include all genders. ~ ~gned, e d el~~~ d in the presence o• ISeap _ii~E, l~~r R MTY f lA. ItOCER P~ (Seal) CtEa~c CiaCUit COUftf ~ RECORQ V«IFIEO~ ~~~Q STATE OF FLORIDA I. ~ I j 'Z ~i t M~~ I '7 ~ ('OI;N p ` ss = y~. 1 ROBERT FOOTE, an tmmarried man, being the widower ~ Before me personallr• appeared of HELEN R. FOOTE ~ ~ to me K•ell known and known tc• me to be th~ ~ndividua:s descnbed in and who e!cecuted the f~rego~ng ~nstrument. and acknowledged belore me that they e~ecutcd the sarr:e for the purposes there~n expressed. WI1'NESS m~• hand ~ and offic~al seal ~n the (~ounty anJ State last afe~re.aid thi~ rjt~1 dSy Of Atl St ~ 1971 ~ ~ ~ ~ ~ ~1y Ccxnm~ss~on Fxp~~es: June 30, 1975 Notary ~ublic, Stale of 8t L r ~ ~ ~ . ~ ~ : i 5u'~Jl ~~V~ x ~ . # - • )C. r, • ~ • ~-3.~ r_._ . . ' - . . . - _ _ . _ _ ' '