HomeMy WebLinkAbout2186 Our File 5-23,131
tY.~. mu~tKa~r ~K uthei t'_n~tc~ ut t~tlr c.~ chr m:~r:KwK~d ~~~p~r~~ ~n ~atinKu~sArt~,rnt ot t~e ~n~tAtrdnr.~ .c.wcd Ae~eD~, a11 nEht, ~~!ir
and in~erest ~~t thr Mu~t~a~.~t ir. dn~ ~u •n~ ~n.ucan:r pali~ ~c~ cncr ~r tnr,r vAali pa~? ~n tAr ~~~n~~~r ur er~ntce.
lhl To prr;orm. .umpl~ ~~~IA and ~D~dc At ~a.rA a~d r~er~ tAr ~t~pu~.t~.,ns, r¢rrrment~. conditicn. and .o~t~wnt. in c~~d p~.~mi.~~v~
nott and ~r. Ih~. ile~d .t~ fortA.
1~ 1 Thai ~t an)' o( ~y~d sums ut m.mc> hrre~r. rrfrr.cd bc nnt promptlt ~~d full) Dy~d r:t~in i~t~ccn a~>. nt?t ,~t~ei
thr s~me cever~ll~• Ae.omes due ~nd prYabie.u~ il er:A end ne~> tRe ~:~puiat~ans. •Qicemcnt~, ~ond<<~on. s~.d .c,.rn~nt. o~ .a~d pr.im~~.
son note and th~a deed, or t~thef, are not fu;ly~ portn:mcd, .nmpl~td ~~ih and aA~ded M, the .ai1 ag`re~atr sum mrnuoncd in ca~d
pr.unucor> nu[e sha11 become dur and pa>ahlr ioriAr ~iA nr therufter •t the op~~nn oi t~e \tortea`ee •s full~ and camplrteh as if ehe
.a~J ~k~ro~a~~ sum of sa~d prom~csor> no~e ~~s on~~nali~ at~pulated to be p~~d on ~u~A d~), anythin~ ~n sud prom~ssor~ notc on c~rein
~o :hc .nn~ruy not~~thst~nd~nR,
ti ~ Tha~ m nrder eu accelen~e tAr n,r:unty uf the ~ndebtedness hcreD) secured, becaure uf thc failure oi tne Moct~tag.~r pa> any ia~,
as~h~+rt~~nt, I~ab~1~t), Obl~Q~l~ix: nr rn~umA~an:e upan sa~d prope{ty, as here~n arnc~ded, ~1 ~hatl not bt ne.es.ar~ i,r requis~te that thc
mortgagre shall :'~rst pay the s'rmr.
_ Thr ~tortgagee may, a~ h~s nF.::~n, and w~~thout wa?v~ng his r~ght to acceltrate the indebtedness hereby
aecured and t~~ foreclose the same. pai~ tither before ot aftet del~nquency any ot atl of thase cettain obligat~on.
required by the terms heteof to be ~aid bv the \~.~~tgagor for the pcotection of the mortgage secutih~ or fot the col-
!c ct~an ~~f the indebtedness hereh}• secured. .All ~ums so ad~•anced ot paid b~ the '~lottgaget shall be chatged into
the mortgage account and hecome an ~ntegrai part there~f, sub~ect ~n all respects to the Ierms, condiuons, and
cu~•enants of the aforesa~d prum~ssor~ not~, and th~s mortgage, as fuliy and to the same extent as though a part
~~f the or~ginal ~ndebtedness evidenced by said note and secured by this martgage, excepting however, that said
~um~ shall be rcpa~d the ?lfortgagrc Corthwith u~on ~ts demand and be ~n addition to the regular monthly ~nstall-
ments {~rovided by thc mottgage note. ~
3. That the abstract or abstracts of title cov.ring the mortgaged ptapert~• shail at all times, during the life
.~f th~s mortFage, rema~n in ~+osses~ion of the ~lottgagee and in event ~f the foreclosure of this mortgage os other '
transler of utle to the mortgaged propeit~~ in ext~ngwshment of th~ indebtedness secured hertby, all right, utle
and intercst of thr \lortgagor in and to am~ such abstracts of tiile shall pass t~ the ~+urchaser or grantee.
~3. To the extent of the indebtedness of the M~~rtgagor to the ~iortgagee described hetein or secured heteby.
the 1lortgagee ~s heteb~ subrogated to che i~en or lienc and to the rights of tht ow~ners and holders thereof of each
and e~er~~ mortgage, iien or othet mcumbrance on the land described herein w~hich ~s pa~d and or satisfied, in
w~h~~le or ~n part. out oi the prnceeds of the loan described hert~n ot secured hereb~~, and the resptctive liens ef
said mortgages, liens or otfier i~cumbcances, shall be and the same and each of therr, heroby ~s preserved and shall
pas~ tc~ and be held by the ~lortgagce herein a. serurit~~ for the iadebtedness to the Mortgagee herein described
nr hereh~• secured, to the same extent that it wc,uld ha~~e heen rreserved and would have been passed to and been
held b~ the ~lurtgagee had it heen dul~• and regularly ass~gncd, transfened, set over, and del~vered unto the !~1ort-
gagee b~ separate deed of assignment, notwithstanding the fact ttiat the same may be sat~sf~ed and cancelted of
record, it being the intenuon of the pan~es hereto that the same will bt satisfied and cancelted of record bt~ the
hc~lders therec~f at ot ahout the t~me oC the record~ng of th~s mortgage.
S. irt thc event the ownersh?p of the mortgaged prernises, or an~~ part thereof, becomes vested in a person
F uther than the Murtgagor, the \lottgagee may. without nohce to the 1~lortgagor, dtal w•ith such successor ot suc- ~
cessur. ~n mterest K~th referen.e to thic dced and the debt her~by secured, ~n the same mannet as with the \lort-
t gagor Without sn ar~ wa~~ v~t~at~ng or discharg~ng the Mortgagot's liab~lity 6ereunder or upon the debt htteb}•
z secured. sale of the premises hereb}~ mortgaged and no forbearance on the part of tho ~lortgagee, and no ex-
t ten~icm of the ume for the pa~•ment of the debt hereb~• secured gevcn b`y the Mortgagee shall operate to release,
~ d~scharge, modif}~, changc or affect the ong~nal l~ab~litp of the Martgagot herein either in whole or in part. ~
b. Th~ I~en of thic deed secures and shall conunue to secure pa~•ment of said indebtedness or indebted-
ness, hoµever ev~d~nced, whether hy sa~d ptomi~son~ note ot am renew~al or extens~an theroof or substitut~ ihere-
tor, or otherwise. until all such ?ndebtedness sha{! ha~~e been full}• paid.
1R the e~•ent the moit~a~o?s se11. com~Pr Or t~a?iSler the mortgaged P~emises d~ring 1he /~fe of this mort-
~;u~e, ther, this ma?tguge shall. at the n~tron nt the .41o?1RQ8ee here~n. become immed~ately due ared puyable ~or 1he
'ufl .sum a/ the niincipal h~lance and cnteresr ih.en due.
E 8. The terms "!~lortgagor" and "Nortgagee" whenever used ~n this insttument ~hall ~nclude the he~rs, t
per~onal representatives, successnrs and ass~gns of the res~ecttve patties hereto. Wherever used the singulat
- nun~ber shatl ~nclude the plural and the plurai thr ~~nguiar, and th u~e of an}~ gender shall include all genders_
s
Signed, sealed and deli~~ered in the ~resence of: His Mark (Seal) '
`c : , Her 1 ) eMark
`_'r ~$[el~
; -7 r o ie i e on
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ll
STATE OF FLORIDA I
" ~ ss
Cnl?!~TY OF
ST . L~E
Befote me pers~na{Is ap~+eared ALEX LITTLETON and DOLLIE MAE LITTLE7'0~~ ~=#l~e i~ffe
tn me w•ell knoa•n and know~n to me to be the ~nd~viduals described in and who executed the foregoin ~ ~
~ ~ i
and acknowledged hetore me that ihe~ executed the same fot the purposes therein eapressed. WI ~ny~&:;~~.'•
and off~c~at ~eal rn tfie Count> and State last 2fare~aid Lhi~ 17th Day Of N ember, _ , 11~
~
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~ty Cummass?on Expirrs~ _ JuIIe 3O, 1975 tiotary Pub[ic, S~i+7~f F10 ~di C~-, "
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J ~ - ~f: 6~. ~ ~ ~ o = a R 197 ~~2184
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