HomeMy WebLinkAbout1933 t
Oyr file 5-22,582 '
th~a n~wtpse o~ otAe~ uaaater of utle to the mo~ts~~ed popeity m eaun~wsheoen~ o( ~Ae ~ndebtedness secured hereby, ~11 ii~ht. u11e
and interest ot the Ma~{~a~x in and to ~ny i~swaece pol~c~os thee ~n (otce ~h~li pass to tM ~rcAsier or ~rantee.
lA) To perfam, caaply ~~tA ~od as~de sy eacA ~nd every ~Ae s~~pulationi, aueemenu, coaduions aad coveo~n~s ~n aa~d promisaory
no~e aad in tA~s deed set fath.
(i ) TA~t it ~ny o( a~id suss ot aaney here~a refened to be not ptomptlY sad tully paid viiAin f~ftee~ days next a(~e~ ?
tAe s~me severally becoucs due and paYabte.or if e~ch ~nd erery We a~~pul~t~a?s. ~~reewcau, cond~tions ~nd coven~nts o[ ~~id promu- {
say note ~nd lAia dcad, or eitAer. ~re not (ully per(oreed. caspl~ed witl~ •nd ~bide0 by. tAe sa~d aKreaate swa roenl~oned ~n sud
proaisaory note shall becowe due and payable to~N~ritA or the~s~tter ~t tbe optioa ot tbe Mo~t~~~ee ~s (ully and completely as if thc
a~id a~ue~ate sus of s~id ptomissory not~ v~i oris~nally stipul~ted to be p~id an sucA d~y, anywi~a in s~id ~aai~aory note or here~n
to tAe contruy not.rithstandin~.
V) TAat ~n order to aeceler~te We aturity ot the indeptednes~ Aereby aecured, eec~uie o( the fs~lute o( the Mat{~~ot to par any tax,
sssessisent, Ii~Aility. obli~~tioe a encumM~ece upon s~id p~opertr. as Aerain p~ovided, it sh~ll not be aecessuy a ~equ~site th~t tAe
eart~a~ee sh~ll first ay tAe saae. !
2. The Mort`a~ee may. at i~ia option. and without waivin~ hia ri`ht to accelerate the indebtednes~ hereby
secured and to [oteclose the same, pay either be[are ot after delinquency any or sll of those certain obli~ations
required by the terms hereof to be pa~d by the Mort~a~or for the protection of the mort~a~e security or for the col-
lection of the indebtedness heroby secuced. All awns so advanced ot paid by the Mortsajee shall be char~ed into
the mort`a~e account and become an iete~ral part thereof, subject in ali respects to the tetms. conditions. and
covenants of the afaesaid promissory note, and this mortgage. as fully and to the same eatent as thou~h a part i
of the ori`inwl iadebtedness evidenced by said note and secured by this mort=~~e, exceptin~ however, that said
sums shall be repaid the Mort~a~ee forthwith upon its demand and be in addition to the re~ular monthly install-
ments provided by the mort~a~e note.
3. Thst the absuact or abstracta of title coverin~ the mort~a=ed property shail at all times. durin` the life
ot this mortgage, remain in posaession of the Nbrtgaaee and in event of tha for~closure of thia mort`a`e or other
transfer of title to the mortaaged propetty in extin~uishment of the indebtedness secured hereby, sll ri~ht. title
and interest of the Mortga~or in and to any such abstracts of title shall pass to the purchaser or `rantee.
4. To the extent of thc indebtedness of the Mort~asor to the Mortgagee described herein or secured heteby,
thc Mort`agee is hereby subrogated to the lien or liens and to the ri`hts of the owners ~nd holders thereot of esch
and every mortgage, lien or other incumbrance on the land described herein which ia paid and/or satisfied. in
whole or in part, out o( the proceeds of the loan described herein ot secured hereby, and the respective liens of :
said mwtaages, liena or other incwnbrances~ shal) be and the same and tach of them hereby ia preserved and shall ~
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mort~a6ee herein described ~
or hereby secured, to the aame extent that it would have been preserved and would have been passed to and been ?
held by the A1ort~agee had it been duly and re~ularly assi`ned, uansfecred, ~et over. and delivered unto the Mort-
gagee by separate deed of assignment. notwithstandiag the fact that the same may be satisfied and cancelled of '
record, it being the intention of the parties hereto that the same will be satisiied and cancelled of recotd by the
holders thereof at or about the time of the recordin` o( this mortgage.
5. In the event the ownership of the mort`aged premises, or any part thereof. becomes vested in a person
other than the Mortgagor, the Mortgagee may, without notice to the Mortga6or~ deal with such successot or suc-
cessors in interest with reference to this d~ed and the debt hereby secured, in the same menner as with the Mort-
gagor without in any way vitiating or dischar~ing the Mortgsgor's liability hereunder ot upon the debt hereby
secured. No sale of the premises hereby mottgaged and no forbeuance on the put of the Morttaaee, and no ex- `
tcnsion of the time ior the payment of the debt hereby secured ~iven by the Mortga~ee shall operate to release.
dischar6e. modify. chan~e ot affect the original liability of the Mortsasot herein either in whole or in patt.
6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissoty note ot any renewal or e:tension theraof ot subatitute there-
i for, or otherwise,~until all such indebtedness shall have been fully paid.
! 7. /n the event the mortgagors sell, convey or transjer Ihe mortgaged pranises during tbt tijt oJ fhis mort-
~ g~ge, th~n this mortgage shall, at the option oJ the l~lorfgagee h~rein, become irnmediately due nnd payable Jor the
E Jull swn oJ the principo! balance and interest then due.
; 8. The terms "Mortsagor" and "Mortsagee" whenever used in this instrument shall include the heirs,
~ personal representatives, succeasots and essigns of the respective patties hereto. Wherever used the sin6ular
number all include the plural and the plural the singular, and the use of any gender ahall include all genders.
~
Si~n s led a er ~ th p sence ` p
' 1 ~y~~ Seap
. . ~
STATE OF FLORIDA
COUNTY OF ~ ss
ST. LUCIE PERCIE BENNETT BRIJMSEY and WILLIE BELL BR~IMSEY,
Before me personally appeared hi8 wife ~
to me well knovrn and known to me to be the individuals described in and who executed the fore~oin~ inatrument,
~ and acknowledsed before me that they e:ecuted the same tor the purposes therein expressed. WITNESS my hand
~ and official sea~ in the County and State last afotesaid this 2nd Day of Sept r~ 1971 ~ ~
~
~
t+u' v J `
~ ~~y~'
~ Hy c~;ss~on ExP~ros: June 3 1975 Notary Public. State.~D ' e
ittE~ x CO M ~ ~E~ - . ~ ~I = ~
A ~ tY r'• _
ij. W~'Ea P0~'~9lAS _ . ~ ~ . ~ ~
R0~ ~t~C~~~ , ' ~ s
K ~ '
4~Ea ~ fa<<~E~ . ~ - . ~ • ~ . ; _
aE~pRO . ••~'~s
~ ,t • '
16 1 .
.
~ S~ ;
- R
~~~195 ~19~L
_ - g:. .
^.K ~T
i+1 '