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HomeMy WebLinkAbout2763 Our file 5-23,678 ~hn mun~CrKr ~a u~hr~ uamlti ut t~tlt c~~ thr mut~~taKed {xoperlp ~n c~i~n~u~+hmen~ ui tAt ~ndebtcdnr+. .c~urcd hr~ch), ~11 r~~ht, tulc and ~n~eres~ ut tAr V~~~teaeot in rnJ tu ~n~ in.urenro M~liucs ~hen in f~.rcc shaU p~.s to the purchasor ur grrn~et. . ~ Ihl Tu prr~~,~m. ~~xnpl> ~~tt and abiJe b~ rarh and rvt~y the st~pulatu.ns, aettement~, ~nnd~hon. ..nd ro~enent. ~n sa~d pr..m~.soty. nott ~nd ~n ~A~. decJ .ot i.~rt~. ; t ) TAat ~f any u( ~a~d ~um. ut monry hrre+n rrf.rrrd to Ae nut pr~~mpt11' and tull> pa~J ~~~iA~n f~ftcrn drys ne~t ~Ilrr ~ tht samt ~tretally br~~xnes ~uc •nd p~YaAle,ur ~f cach rnd every the ~~~pulahun., a~t~remrnt., c~~nd~uunc and corenaMC o( sa~d ptomts- ~ say note anJ tAu dced, ur e~ihrr, are not (ully perfo~mrJ, cumpl~ed a~~h and abidtd Ay, thc .a~d .+~tYrc~~~r sum mcnt~oncd ~n sa~d ~ Mum~.soty n~ue shall ~e.ant dur anJ pr>'ahlr for~h~~th or ehe~raftcr at thc opU..n o( tAe \lurtgagee as fully ~nd completcly as ~f thr ~ ~a~d a~rtt~~tc sum ot sa~d pt~um.~ut> note was onginali)' ~tipulated to bt pa~d ix~ .uch drY. anyth~n~ m sa~d ptomissoty nott ot here~n ta Ihe contr~ry n~~tr~ths~anJ~nE. 1 Thet m order ~a ~c.elera~~ ~Ae matunty ut the mdebtedne+s Aerehy ~ecwrd, brcause u( thr f~~lure of tAe \iu~tg.~e.u tu pa)• any t:~~, ~ •s.e.sment, I~ab~luy. nbiiRat~on ~x rn~umDrrnce upon ~a~d property, a~ hrrcm pru~~ded. u~hall not be nc.e+~ary ~x requ~s~te tha~ the ~ i mu~t~aRte shall f~r.~ pay tAe .ame, j 2. The ~lottgagee may, at hi~ c?ption, and without wan~ing his right tu arrelerate the indebtedness hereby secured and tu forecluse the same, pay eithet before ~r after del~nquency any or all of those certain obligations required by thr terms hereof to be paid by the \lortgag~~r for the protection of ~he mortgage securitp or for the coi- lecti~~n i?f th~ iRdebtednesc hereby secured. All ~ums s~~ ad~~anceJ or paid b~~ the \t~~rtgagee shall be charged into the n:urtgag~ arawnt and bea~me an ~ntegral part thereof, subject in all respects to the term~, conditions, and ~uvenants oG thr aforesaid prum~ssory nute, and this mortgage, as fully and to the same extent as though a part ~ of the original irxlebtedness ev~denced by said note and secured by this mottgage, excepting howevet, that said ~ ~ums shall be repaiJ the !1lortgagce forthwith upon its demand and be ~n addition t~~ the regular monthly install- ments provided b~• the mortgage note. I 3. That the abstrac~ ur abstracts of title covering the mortgaged property shall at all times, during the life uf this mortg:~ge, remain in pos+e~sion of the ~lortgagee and in event uf the foreclosure of this mortgage or other tran.fer of title tu the mortgaged propetty in extinguishment of the indebtedness secured hereby, aU right, title and mteres~ of the ~lurtgagor ~n and to any such abstracts of title shall pass to the purchaser ot grantee. ~3. To the extent of the indebtedness of the \+lortgagor to the ~lortgagee described herein or secured hereby, the ~1urlgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage. I~en or other incumbrance on the land described hetein which ~s paid and~or satisfied, in whole or in part, out of the praceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall ~ pass to and be held b~• the ~lortgagee herein as security for the indebtedness to the \lortgagee herein described ~ or hereb~~ ~rcured, t~? thz same extent that it N•ould have been pteserve~ and would have been passed to and been ~ held by the Stortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the tilort- gagee by separate deeJ of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the mtention of the part~es heretu that the same will be satisfied and cancelled of record by the holders thereof at ~~r about the time of the recording o~ this mortgage. ~ 5. In the event the o~~nership of the mortgaged premises, or any part thereof, becames vested in a person other than the ~lurtgagor, the ~lortgagee may, without notice to the tilottgagor, deal with such successor or suc- cessors in interest Nith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- ~ gagot without in an~• way vitiating ar discharging the ~lortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the ~brtgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Vortgagee shall operate to release. ; i discharge, modify, change or affect the original tiability of the ~iartgagor herein either in whole or in part. + ; 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ; ness, however evidenced, wh~ther by said promissory note or an~- renewal or extension thereof or substitute there- ~ € for, or otheraise, until all such indebtedness shall have been fully paid. ~ ~ 7. In ~he e~•enl Ihe morlRago?s setl, convey or t?ansje~ the morlRaged p?emises during the lije oJ this mort- ' i kaRe, then this mortxa~e shaLl, a! 1he op~ion of the .Ifo?lRuxeP herein, become immediately due and paya6le Jor the i full sum oj the pr~nc~pal balance and interest then due. ~ 8. The terms "\lortgagor" and "~lortgagee" v?~henever used in thic instrument shall include the heirs, i personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ : i Signed, . aled ahd Jeliver d ~ the presence of: (~eal) ; ~ ~ ~ 7 ~ ~~"!y (Seal) ~ ' f ~ G~~ ; ~ ~ STATE OF FLORIDA I t ~ ~ ~ ~ COLNTY OF ST . E y Be(~~re me personally appeared CNARLIE GOLDEN and AI~NA GOLDEN ~ his wife ~ ; to me v?ell known and known to me t~ be the individuals described in and µ•ho executed the foregoing ~nstrument, - and acknov?IeJged before me that they executed the same for the purposrs there~n expressed. WITNESS my hand and offic~al seal in the Cuunty and State latit afosesaid lhis 12th Day Of ruary, 1972 ~ ti, r ~ty C~xnm~ssion F:xp~res: Jut1e 30, 1975 Notary PubGc, State ~f F ~,SF e _ ~ 22~41'~ _ ~ . - ~ i lE0 AMO RECOR~EO " • - ~ ' _ S~.IUCIE CJUMTY FLA. • ~ ROGER POITR~S . ri~~ CIERK C~~~,UtT COURT = ~ ' RECOHD YE~+FIE~.~..`~ ~ ~ Fce 1~ I ss PH '1Z '~N~ ~ aooK 199 PAC ~ ~ w:~ '::7 :~s . . ~ . - - - _ _ _ . _