The URL can be used to link to this page

Home My WebLink About0097 ~ ) ~ ' Our File 5-23, 730 th~s mon~are ur whr~ translr~ o( I~tle ~u ~hr mu~~rarrd propt~q in e~un~w~Ament u~ tht indeAtrJnesa se~wrd hc~eby, ~11 n~ht, hlle rnd ~nte~e.~ o( ihe \1un~a~w ~n and to~any ~nswrnce pol~c~es ~hen m(wce shall pasc to ~he putrhasec or ~ran~ee. (h1 Tu prriirm, cumply wuh ~nd ab~de by each and every the st~pul~t~uns, a~rccments, cond~t~on~ and to~eo~nt. m said prom~ssory note and io thi. derJ srt iurtA. ~ 1 Tha~ ~f any of ~a~d sum. ut muney hr~ein re(ertrd io be not prumptly and (ully pa~d wuhm f~ftrrn days otxl after ? ihe s~me se~eully brcumes Jue and payahle, ~K each and every tAe s~~pulauons, a`aemcnt., cund~~~cu~s and co~en~n~s of said prom~s• ` sory nott and th~s dred, or e~ther, are not fully per[ormrd, compl~ed ~rith and ab~ded ~y, ~ht .~~d agYrega~r sum menuootd m said prom~ascxy note shall becoeae due a~d paya~le fortAri~h ix thereafter at the opt~on ot tAe \IurtEa~re as fully and coropletely as if the said a«repte sum of said pn+m~sswy note Wss ong~nally cupulated tu be paid on sucA diy, anythins m said promissory no~e or here~n ~u ~ht ccu~trary not~iths~rnd~nE. 1 That m order to acceleratt the mawntp uf the mJebtedness heteby secwed, be.ause o( thc (a~lure o( the \Iw~6a~w u. pay any ux, assessmtM, haMl~ty, obl~gstion ~a rncumbrrnce upun sa~d properry, as htrrm prov~ded, u shrll not be necessary or requ~s~te that the mon6aeee shaU f~rst pay tRe same. 2. The \lortgagee may, at his option, and without w~aiving his right to accelerate the indebtedness hereby + secured a~d to (orecluse the ~ame, pay either before or a[ter delinquency any or all af those certain obligations ~ required by thr terms hereof to be paid by the ~lortgagor for the protection of the mortgage securit~ or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the \lortgagee shall be charged into the m~rtgage account and become an integtal part thereof, subject in all respects to the terms. conditions, and covenants of tht aforesaid pmmisson~ ~oie, and this mortgagt, as fully and to the same extent as though a part a[ the originat indebtedness evidenced by said note and secured by this mcirtgage. excepting however, that said sums shall be tepaid the \lottgagee forthwith upo~ its demand anci be in addition tu the regular monthly install- ments pravided by the mortgage note. . 3. That the abstract ~r abstracts of title covering the mc~rtgaged property shall at all times, during the life of this mottgage, remain in ~+c~ssession of the Alottgagee and in event of the foreclosure of this mottgage or other trans~er of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all tight, title and interest of the \4ortgagor in and to any such abstracts of title shall pass to the purchaser or gra~tee. 4. To the extent of the indebtedness of the Mortgagor to the Alortgagee described herein or secured hereby, the ~lortgagee is hereb~• subrogated to the lien or liens and to the rights of the owners and hotders thereof of each and every mortgage, lien or other incumbrance on the tand described herein v?•hich is paid and'or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~1arlgagee herein as security for the indebtedness to the ~lortgagee herein described or hereby ~ecured, to the same extent that it v?•ould have been preserved and would have been passed to and been held by the \lortgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the Mort- gagee b~~ separate deed of assignment, notv?~ithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same veill be satisfied and cancelled of record by the holders thereof at or about the time of tne recording of this mortgage. 5. In the event the ow~netship of the mortgaged ptemises, or any part thereof, hecomes vested in a petson other than the \lortgagor, the \lortgagee may, w~ithout natice to the ?1lottgagor, deal with such successor or suc- cessors in interest Kith referenre to this deed and the debt hereby secured, in the same mannec as with the Atott- gagor without in any way vitiating or discharging the 1lortgagor's liability hereunder or upon the debt hereby t secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the hloctgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the !~lortgagee shall operate to release. discharge, modify, change or affect the original liability of the \lortgagor 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- f ness, however evidenced, whether by saed promissory note or an~~ renewal or extension thereof or substitute there- for, or otherw~ise, until all such indebtedness shall have been fully paid. j 7. In d:e erent the mortgaRo?s sell, convey o~ transjer the mortgaged piernises during the lije oJ this neort- i ~ QaRe, then this mort,qage shall, at the option oj the SlortRagee herein, become rmmediate/y due and paya6le /or the f ~ , Jul! sum oj ~he pnncipal balancP and inte?est then due. ' ' 8. The terms "Mortgagor" and ";~lottgagee" whenever used in thic instrument shall include the heirs~ f personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular _ ~ number shall inclucle the plural and the plural the singular, and the use of any gender shal) include all genders. a ~ ~ Si ned, seal an eli red ~n e presence of: „ . (Seal) ~ ~/Lc.d ~ (Seal) ~ . ~ ~ ~ $ ~ ~ STATE OF FLORIDA ~ COUNT Y OF ~s ~ ST. L~ 4 Before me personall~~ appeared ~~~DER H. WILES a[~d DORIS H. WILES~ his wife~ ~ to R~e Ne{1 known and known to me to be the ~ndividuals desctibed in and who executed the foregoing instrument, i ~ and ackno~ledged before me that they executed the same for the purposCS there~n expressed. WITNESS my hand - and off~cial seal ~n the ('ount~ and State last af~resaid this 17th DSS1 February~ 1972 - s: V..~ Q1,~`~i~~'~. June 30 1975 . ~ ~1y Cumm~ssion Exp~res: ~ Notary Pub e of 10 St ;p ' f LEO I?ND RECOROEp ' • y , ~ ~ . ~ ' ~ _ ~~.ltIC1E COUMTY fLA. : : , ~ IIOCER POITRAS / .s••,~T . , CIERK C~kCUIT COURT ~y~, y' ,-A - r# • :i'; lIECORO vEF~F~ED~..J=.~ - ~ F~e 29 2 z3 PH'ZZ ~ ~ 224631 io~c~ ~ ~ ~ ~ ~ _ ~ - - ~ . Fa~ ~ ` ~ .y r~' ; J Ji ,,.~~^"~YY .~.»i _ .ry~:-. ~ ~ d . ~ ~ ~rv~.v..._~.~ .,ee....St.:.~. a. . - r ~.~.vte