HomeMy WebLinkAbout1419 Our file 5-23,305
:t.~s mu~tRaYe ur otA~r transfe~ ot t~tl~ ~o tAc mort~ag~d pnperty in e~un`uu~mrnt ui ~Ae ~naebtedncs. ~c.wcd hc~eD>, all n~At, i~t?e
and ~ntetrct of ~he Mort~a~w m and to rny ~nsura~ce pui~c~es tRcn ~n force shall paas to the putcAaser or eryntee.
(hl To prrfcxm, campl) ~r•+th rnd ab~de b> earA and rvrn t~e ~t~pulatwns, a~reem~nts, condit~an~ end co.en~n:s ir sr~d prorc~.~o~>
note and in t~~. deed set fortA.
1 That ~t any of s~id sums ot mvne> hrrem rrtc~red t.~ ne not prompsi) snd (ull~ pa~d ~~t~irt f~fteen dayc next ahc~
the same sevcrally l+ecc+me~ due and paya~(t,or erch and cvcr> the st~pul~t~ons, ~~rcements, coad:ti.~a~ and co~enants of .a~d prwn~.- ;
snry nott and tAis dced, or ritAer, •re not fully p~r(ormed, complud ~~th snd ab~ded ~Y, the .a~d agarega~e sum ment~uncd sa~d
~xom~ssor> no[e shall be:ume due and pa>able fcxth~~ch .x thtreafter at the ophnn ot thr \Iort`a~ee a+ fuU~ and completely ac +f iA~
.a~d a«re~~te sum of sa~d prom~xsor) note ~vs on~inati> stipulated to be p~~d on sucA d~y, anyth~n~ m sa~d prom~saor> note or herein
to the :ontrary not~athatandin~.
~ 1 Trat m orde~ to accelcr~te ihe mawnty uf the :ndeDUdness herc~y secured, Ae.ause ot ihe fa~lure of cl+e \larigag.u ~o pay an) ia~.
asse.sm:nt, liabilit~, abl~s~t~un cw cn.umbrance upon said property, as herc~n pro~~ded, ~t sAall not be ne:es.ary cx rcQu~s~te tAat thr
m.~r~`a~ee shail f~rst pay the same.
The ~iortgagce ma~, at h~s opuon, and vrithout w•a~~~ing h~s nght to accelerate the indebtedness hereby
.ecured and to foreclose the same, pay either befote or after del~nquency a~y or all ot those certain obl~gations
rcquired by the terms hereof to be pa~d b~~ thc ~lortgagor for the ptotection of the tm~rtgaee stcutity~ or for the col-
lect~on of the ~ndebtedness hereby secured. .All sums so advanced or pa~d b~~ the !~~ortgagee shall be charged into
the mortgage account and became an integral pazt thereof, sub~ect ~n all respects to the terms, conditions, and
covenants of the aCoresa~d promissor~ not~, and this mattgage, ~ fully and to the same extent as though a part
oi the original i~debtedness evidenced by said note and securcd by this mortgaae, excepting however, that said
cums shatl be repa~d the Mortgagee Corthwith upon its demand and be ~n addition to the regulaz monthly ~nstall-
mcnts provided by the mottgage note.
3. That thc abstract or abstracts of title covering the mortgaged ptoperty shall at all times, during the tife
of thts moctgage, remain in possession of the ~lottgagee and in event of the foreclosure of this mortgage or other
tran~Cer ~i title ta the mortgagcd propetty in extingu~shment of the indebtedness secuted hereby, all right, t~tle
and mterest of the ~lortgagor ~n and to an~• such abstracts of titlC shall pass to the purchaser or grantee.
To the extent of the ~ndebtedness of the Mortgagor to the Mottgagee described herein or secured hereb~•,
the '~iortgagee ~s hereb~• subrogated to the tien or i~ens and to the r~ghts of the ov?•ners and holders theceof of each
and every mortgage. I~en or other incumbrance on the land deser~bed herein which is paid and or satisfied, in
wfiole or in part. out of the proceeds of the loan described herein or secured hereb~•, and the respect~ve liens of
sa~d mortgages, I~ens or ather ~ncumbrances. shall be and the same and each of them hereby is preserved and shafl
pass to and he hcld b~• the Alortgagee herein as securit~• for the indebtedness to the A4ongagee herein described
or herebv secured, ta thc samr extent that it would ha~~e bcen preserved and w•ould have been passed to and been
held b~ the ~lurtgagce had it been dulti• and regularly assigned, transfened. set over, and dei~vered unto the tiiort-
gagee b~ separate deed of a~signment, notw~thstand~ng the fact that the same may be satisfied and canc~iled of
record, it being the ~ntent~on of the partics hereto that che same w~ll be satisfied and cancelied of record by the
holdets thereof at or about the t~mc of the recording of this mortgage.
5. ln the et•ent the oMnersh~p of the mortgaged premises, or any part thereof, becomes vested ~n a person
other than the \lortgagor, the ~lortgagee ma~•, v?~thout notice to the !~lortgagor, deal with such successor or suc-
ces~ors ~n ~ntecetit Nith reference to this deed and the debt hercb~• cecured, in the same manner as with the ~iott-
gagor Nithout m an~ way viUaUng or d~scharg~ng thc !~lortgagot's l~ab~lity heccunder ot upon the debt hereb~~
secured. No sate of the premisec hereby mortgaged and no forbearance on the part of the Nottg~gee, and no ex-
j tension of the umc for the pa~~ment of the debt hereby secured giv~n by the !~7ortgagee shatl opetate to release,
~ discharge, modify, change or affect the ong~nal liab~lity of the 4lortgagor herein either in whole or in part.
F 6. The I~en ~C this deed sccures and shall continue to secure payment of said indebtedness ot ~ndebted-
s ness. however ev~denced, w•hether b~~ said prom~ssar~• note or am renew~al or extension thereof or substitute thete-
; for, or otherw~se, unul all such ~ndebtedness shall ha~~e becn fully pa~d.
~ ~.~.~elo. jl~o ...~+?ennond n?nrw; oc s rino ti~o lifo n/ / c~wnrl_
fTt i(ir F~~:I7 iLF :..viiKQXvTS Siii. Ci i.'F~ vT •6~6•.•• r. 5~.. ~.1. ..e . J ~!S
~aQe. then lhis mortgage shalt. ar the option oJ the ,'lfortgagee hereen, becorne immediately due and paynble Jor the
~ rull cum o~ the nnnc~~+a! twlance and rnterest nc~n due.
= R. The terms "!Nortgagor" and "~lortgagee" whenever used in this instrument shall inciude the heirs,
~ personal tepre~entatives. successors and assigns of the tespecu~•e patties heteto. V1~erever used the singular
number shall ~nctude the plural and the plural the s~ngular, and the use of any gender shall incfude all genders.
~
~ ' ~
~ Sign d, sealed a de d e ptesenc (Seal)
i
: "
~ ~
(Seal)
~
~ 1~~' ~t^"`~ His a-- Mark Seal)
b~ •
Qui~ey McMic e
- STATE OF FLORIDA I
- ~ .s
;4 c'OliNTY OF g~ ~,~-g~D DEASE and unmarried man
S ~.UCIE
e ore me pcrsonall~~ appeared ~p~LLA DEASE~ h1S wife, and QUILLEY MeMICKLE, AN
- t~ me N~ell knowr and know•n t~ sne to be the ind~viduals desct~bed i~ and who executed the foregoing insuument,
~ and acknowle~+ged befote me that they execut~d ihe samt for the purpuses thettin expressed. WITNESS m~~ hand
and off~cia! scal ~n the Cour.ty and State last aforcsai~ th~s 8th Day of Dec er, 1971
~ . i
- i
_ -
~ ~1~• Cvmm~ssion ~xp~res: June 30~ 1975 tiotary Pubiic. Stau of Flori.da
= Y ,
_ ~
I . -
:'~3 ~ t
BaoK~~ ~~1 7