HomeMy WebLinkAbout1789 Our File 5-22,861
ttn. m.,it~egt ~.r .~thr~ ttan~ie~ .~t ~iti: t„ thr n:octga~;od ~xopr~t) ~n c~tinYu~~hrt:~nt ui the indebtednc.. .ciu~cd Arrcn~. all r~~ht, titl~
and ~nterc.! ~,t tAe llort~a~ot :n and to ~m u3.w~n.e p~~l~iic. then in (.~r~e .ha11 pe.~ to ~he put~ha+cr o~ Kf.1f11f[. ' ~
1h1 To part~~~m, ~~wnplp ~'~th dnS ~l+iJe b) ~a:h ~n~ ~~ery thc .upu{et~~~ns, e~irccment., c.~nJ~t~on. and co~tnan!. ~n .e~d pr.~m:.~~~rg
note end ~n th„ decd .et (o~tA.
) 7hat i1 any af sa~d sums ut monr> hcrein ~etrr~rd to he nut peumpt:~ and tull> , a~d ~~ih~n f~(~cco .fay. nest ette~
the +eme se~erally becomes due ~n1 paytblt,o~ ~f e~rh and every the supul~t~uns, a~rc~ment+, cund~hun. and covenrnts ot +a~d p~wn~.-
.oty' note and thu deed, ur e~ther, are nut tutly pe:(ormed, iumpLed ~~th and eD~1ed tiY, thr :aid ag;rcQate sum menu.~ncJ in sa~d
prom~ssor> note shall be.axne duc aad pe~able Eorth~~~h o~ thercafter •t tAe opnun o( the \1urtKagce ss lutly end completel>• ac if the
:atd ag~te~rte sum uf said ptwnissor~ note was ung~nait)' supula~cd to be p~~d .v+ sucA dry, anyth~r.g ~n sa~d prom~ssory nute or hercin
t~. the iontrary nut~uhsund~ng.
li 1 iha~ ~n atder to accelerate the matur~ty ot the indeb~ednes+ herebp stcu~ed, becauye u[ thr failure ot tM~e \lu~tgag~u pe> dfl)' !8\,
asst~sment, l~ah~lity, obGKauon ~~r en~umbrance upon ~aid pruperty, as herein pru~~3rd, u~hal1 not be neie.~ary ar re~u~s~~e that ~hc
mortg~gte sh~ll fu:t pay tht sam~.
2. The \turtgaget may, at his opt~on, and w•~thout w'aiving h~s ttght to accelerate the ~ndebtedness hereb~
.ccured :~nd to forcclose the same, pay either b~fore or a[ter delinquency any or all of those cettain obligations
rry?nred by the terms hereof to be paid by the ~lortg3gor for the protection of the mortgage secutity or for the col-
le~ti~m of tht ~rtdebtedness hereby secured. :111 sums s~~ advanced ur paid b}~ the !~lortgagee shall be charged into
the m~~rtgage account and become an mtegral part there~~f, sub~ect in ail respects to the terms, cond~tions, and
cu~•e:~ants of the aforesa~d promissor~ n~~te, and this murtgage, as fully and to the same extent as though a part
uf the ong~nal indebtedness e~•idenced by said m~te and secured by this mortgage, excepting however, that said ~
~ums shall be repaid the '~lortgagee forthv?ith upon its demand and be ~n addition to the cegular monthly ~nstall-
; ments prov~ded by the mortgage note.
3. That the abstraet or abstracts of titie covenng the mortgaged property shall at all times, during the life
; of this mortgage, tema~n in possesston of the \lottgagee and in e~•ent of the foreclosure of this mortgagc or other
~ tran.itr of title to the mortgaged pro~erty ~n e~t~nguishment o[ the indehtedness secuted hereby, all right, titie
~ and interest of the \iortgagor ~n and to any such abstracts of title shali pass to the purchaser or grantee.
; J. To the eitent of the indehtedness o~ the ~lortgagar to the ~iottgagee desctibed herein or secured hereby.
_ the \lortgagee is htreby subrogated to the lien or I~ens and t~? the r~ghts of the ov?ners and ho{~ets thereof of each
and tvery m~~rtgage, I~en or other incumbrancr on the land descnbed herein w~hich is paid and or satis(ied, in
3 whule or in part, c~ut of the proceeds ot' the loan described herein or secured hereby, and the respective liens of
~ said mortgages, I~ens or other incumbrancrs, shall bt and tht same and tach of them hereby ~s preserved and shall
pa~~ to and be hcld bF• the ~iortgagee here~n as securit>• for the indebtedness to the ~iortgagee hcre~n described
~ or hereby secured, tu the same extent that it uouid ha~~e bzen preserved and w•ould have been passed to and bcen
held by the \lortgagre had it been duly and regularl~• ass~gned, transferred, set over, and delivered unto the ~1ort-
_ gagee b~ separatr derd of a~:ignment, nut~ithstand~ng the fact that the same ma~~ be satisfied and cancelled of
` recucd, it br~ng the intenUon of the parues hereto that the same will be satisfied and cancelled of record by the
hoiders thereuf at ~~r about the t~me uf the rccording of th~s mortgage.
5. In the e~ent the oNnersh~~ o( the mortgaged premises, or an~~ part thereof, becomes vested in a person
~~~her than the Vvrtgagrr, the 1lortgagee may, w~thout n~tice tu the \lortgag~r, deal with such successot or suc-
~
ces.or. in interest With referen.:e to thi~ deed and the debt hereby secured, in the sa?ne manner as with the \tort- `
- gag~~r ~~~thout in am way v~t~aUng ~~r dtscharging thr ~iortgagur's l~ab~lity heteunder or upon the debt hereby
cerured. tio saie of the premise~ hereby mortgage.f and no forb~arance on the part of the \lortgagee, and no ex-
_ ten~i~m of the ume for the pa~•ment of the debt hereby secured g~ven b~• the \iortgagee shall operate to release, ;
d~s.:harge, modify, change or affect the ~~ng~nal I~abiLt>~ of the ~lortgagnr herein either in whole or in part.
:5.
- b. The I~en ~~f this d~ed secures and shall c~~nhnue to secure pa~•ment of said ~ndebtedness or indebted-
nes,, huwever evtdenced, wheth~t b~ said prc~miss~~r}~ note ur any renewal or eztens~on thereof or substitute there- ,
for, ur ~>therK~se, until all such indebtedness ,hall ha~~e been futly paid. ;
:
= 7. /rr ~he e~ent the mn?t~agors sell. com•e~ or tians(e? the mnr~qaqed p?emises dwing the lrje o( this mo?t-
~;a4e. rhrn thrs mortK~Re shall. at the optcun :~f the .tto?tr~gee~ heretn, hecome immediatel~~ due and pa~~able for thP
- tull .~um oJ the (~?IRCI~3QI hQIQRCP UR(I tnte?e•st the•n due.
- R'fhe terms "~iortg~got'~ and "~lortgagee" whenever used in this ?nsttument shall include the heirs,
r~; per«~nai r~presentaU~•es, succe~sors and assigns ~~t the respecner parties hereto. Vlhertver usrd tht s~ngular
numhtr shali m~]ude the plural and tfie ~lural the ~~ngular, and the use of an}~ gender shall ~nclude all genders.
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Si ed. ,eal n i red the presrn~e ~,f: "'``~_~,~~L .?'~'~i ~~~rCt ISeall
- fiLEQ ~NO RE~~ 4~
T.lifCiE COUNtY (SeaU
- - ~ - C~ERI~ GttCWt COU~T ~
_ 1~' RECORO YERIilEO~r
a ST ATE OF Ft_ORInA I ZZ 3 18 ~
c~~~~~T}~ o~ ~ ~ 2~'76`76
ST. ~.UCIE
Bef~re me ptssonall~ apptared FRANKIE LOU NOBLE, an unmarried WOIDSiI
e
= t~~ me we{I knoKn and known t~~ me to be the lndiv~duals descnbed in and who executed the forogojt~~ns~imeqt.
_ ~nd ackrt~w!edged befote rre that the~ rxecuted the ~ame for the ~+urp<~ses therein expressed. 1V~~E~SS my hand
ar.~1 uf(i~ial ,eal in the ('~~unt~ and State last ai~~*~~a~d th~~ 14th day of Oetober 197~~~~~~'~'~~~~~~,
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~ir• (~umm~ss~or~ [-:YP~«,. June 3~~ 197~ ~;~,tar~ Public. State c~f Floric€e.' G
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hu,,:~.~ ~..:,:t.; St.iiE cf fi.4."~ at lARS _ " ~ •
h1r C:~'.:..t~~l~.'1 ~t'r;r;~j 1u~~E 3Q~;1~~ ~ . .
_ Botti:ed 6y n::~cr,c.~n Wnkers.,~r3qcr L~
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~ . B~RK 196 Fn~E1~188