HomeMy WebLinkAbout2927 Our file 5-22,397
:A~. m.wtK~~c .r .•tArc e~~nsle~ af ~~tle ~u tAe m.~n~~~ed pope~t~ ~n e~t~n~u~ahmen~ o~ the ~nJebtcJev~a .eawcd Ae~eD>. ~11 ~~~~i, u~l~ ~
~o,l ~n~erc.t ot tAc \1.w~~~sw ~e •mf ~o an> in.wan.e pul~c~es ~hen ~n (o~ce sA~ll paaa to the pwcA~ser w pamee. j
lA) T.• pc~twm, ..~npl>' +~th •m) ab~do A~ earA anJ every lAt supulaums. s~retmenu. rw~d~hons ~nd :u~en~n~a ~n .~~d p~vm~.cw~
m~~e an.! ~n th~. derd .et f.wtA. i
(i 1 That d aay ot a~~d suma o1 m.~nr~ hc~em ~e(cnrd ~o se no~ prosptly and (ully p~~d ~~tA~n 1~(tcen d~y. ne.~ ~tte~
the saiet .everally becoa~es due smf paya~le. ~r J eacA and evt~y the shpul~uons. a~tetments. con.lu~ana aewl co~rnan~s o( .a~d M.wni.-
sor> note an.f th~s dced. w trther, arc nut fu11Y p~?fased. ~oopl~ed ~~tA •eN! ab~ded sY, the .a~d au~e~ate sum ment~oncd ~n s~~J
pu+r~.swy note :hall becose due and Q~fa~le ton`~~ih u~ tAcreaft.r a1 ~he opUOn o( tAe Mat~a~ee as fuUy aed completely as d the
.a~d as~re~ate su~ o( ~a~d prom~s..r~ n~te ~ras or~Y~nalb' supul~ted to be pa~d m sucA dsY. anytAm~ m sa~d praa~a~o~y note ~x Acre~n
~he :onuary 11JIMIIASla1N~111~.
V 1 Th~~ m.xder ia acceler~te the ma:unty of tAe ~ndeCtedness hetebp secuted, bec~use ot the (a~lure ot ~he Nwt~as~w D+) anY u~.
ac.e.sa?ent, lub~lity, obl~~auon er en~umArance up..n sa~d prope~ty, as here~n pru~~ded. ~l aA~ll not be ne:es.ny ~ rcaws~u ~fia~ the
m.xt~a~ee .AaU hrst p~y the samt.
The \kxtgaaee may, at his opt~un, and w~thout w•arvin6 h~s ciaht to acrelerate the indebtedness heteb~•
s~cured arni to Coreclose the same, pay either before or siter delinquancy a~y or all of those certain obligations ~
t~qu~red by tht terms hereof to be pa~d b~~ the ~lortsaaot for the pratection of the mortgage secutity or [or the col-
• Irrt~uo of the indebtrdness hereby secured. All sums so advanced or paid by the `lortgaaee shall be charged ~nto
th~ murtgage accuunt arnl become an ~nte~ral part thereof. subject in all respects to the tetms, cond~tiuns, and
~ovenants of thr af~xese~d prc~missoty ~ote. and this nortaage, as fully and to the same extent as though a part
of the otig~nal ~nJebtedness rvidenced by said note and secured by this mottaage, except~n~ howevet, that said
cum, shali be repa~d the \k?rtEagee forthwith upc~n its demand and be in addition to the regular monthiy install-
ment~ provided by the mort~age note.
i. That the abstract or abstracts of title covering the mottsased property shall at all times. durin~ the life
vi th~s nx~rtgage, remain in poss~ssion of the ~lortgagee and in event of the foreclosure of this mortgage or othet
tran.frr o( title ta the mortgaged ptoper~y in extinsuishment o[ the indebtedness secuted hereby, all riEht, titte
and ~nterest of the \lortga6cx ~n a~x1 to any such abstracts of title shall pass to the purchaset or grantee.
~1_ To the ectent of the indebtedness ~f the !Nartsagor to the Mottgagee desctibed he[ein or secured hereby.
the ~furtgagee ic hereb~• sul+rogated to the lien ot I~ens and to th~ rights of the ownets and holdets theteof of each
and rvery mortgage, I~rn or othet incumhrancr on the land desccibed herein which is paid and'or satisfied. in
w~holr or in part, cwt of the procecds of the loan described herein or sec~ued hereby, and the respective liens of
sa~d mottgages, liens or other ~ncumbrances, shall be and the same and each of them hareby is preservea and shall
pass to and be held b~• the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described
or hrreby srcured, to the same extent that it Would have been preserved and would have been passed to and been
held by the \1~•rtgager had it becn duly and regularly assigned, transfened. set ovet. and deliveced unto the ~1ort-
gagze b~ ~eparatr deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it being the ~ntention of thc parti~s hereto that the same will be satisfied and cancelled of record by the
hulders thereaf at ur about the t~me of the recordina of this mortsage.
5. In the rvent the ~wnership of the mortgaged premises, ot any part thereof, becomes vested in a person
other than the \k~rtgagor, the Vortgagee ma}, w~thout ~otice to the Nor:gagor. deal with such successor or suc-
cessor~ ~n interest w~th reference to this deed and the debt hereby secured, in the same manner as with the ~tort-
gagor without ~n am way vit~ating or dischargina the l~lor:gagor's liability hereunder or upon the debt heteby
secured. No sale of the premises hereby mortgaged and no fotbeuance on the part of the `lortsagee, and no ex-
tens~~x~ of the time Cor the payment of the debt hereby secured given by the ~lortgagee shall opetate tu release,
d~~charge, mod~f}, chanae c,r affect the original liability of the ~lortgagor harein tith~er in whole or in patt.
6. The I~en uf this deed secures and shall con~inu~ to secute payment of said indebtedness or indebted-
' nes., however er~denced, whether by sa~d promissory note o~ any renewal or extension the~eof or substitute therc-
fur, or uthcrw~s~, unh! all such indebudness shall have been fully paid.
` 7. Jn the e~•ent the rnor~gagors sell, convey or transjer lhe mor~gaged premises during the /iJe nJ this mo?t-
~ xaRe_ then th~~ ~nortgage shall, at the aption oJ ~he .1lortgagee heretn, become inunediatel~ due and poyable Jor the
~ /ul( suni oJ the pnncipal balance atd interest then dae.
~ 8. Tho terms "\lortgagor" and "!14ortgagee" v~heoever used in this insttument shall include the heirs,
~erscxial representat~ves, su:cessors and assigns of the respective parties heteto. VYherever used the singular
number shall ~nclude the plural and the plural the singular, and the use of any gender shal! include all genders.
t,~~~~~R~a
Signed, ed el~ eted ~n the prese of: ~ (Seal)
a ter , ear y
Her Mark tseau
~ ' Charl e Mae Yearby
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~ STATE OF FLURIDA I
~ COUfvTY OF~~E 'S
= ST. LUCI
4 g~r~t~ pecsuna ty appeared WALTER L. YEARBY and CHARLIE MAE YEARBY, his wife
; to me well know~n and known to me to be the ~nd~v~duals descnbed in and who executed the fore~oin~ insuument,
~ and acknowled6ed before me that th~y ~xecuted the same for the purposcs thete~n eaptessod. WITNESS my hand
~ and off~c~al scal ~n the County and State last aforesaid this j!}ttl D8~1 Of t~ 1971
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~ ~1y C~xnm~ss~on FxP~«S~ June 30~ 1975 Nolaty pd~11C~ lorida 8t @
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