The URL can be used to link to this page

Home My WebLink About0895 Our File 5-23,770 thu murtraKr .w o~hrr nan~fti ul u~lr w ~hr Rwr~~aged propr~ty ~n caun~w~hmrnt ut thr cndeAtrdnrsa .ecurrd htrcb), all ntht, t~tle anJ ~ntercst u1 the \luuga~or ~n and lu any ~nswanrr pulic~es ~Aen ro(orce shall pa+s to the purchasrt Rren~re. • ~ (h) Ti~ prr~.wm. .ump1Y ~~~h and ab~dr bf ea~A and everS' ~he ~tipulat~unc, a`rccments, cond~uon. and c~~vrn~n~. ~n sr~d prum~.~u~y nate and ~n th~. Jard .ee forih. ~ 1 TAat ~f any uf said sums uf muney hrrein rc(rrr.~d t~. be not p~.xnptiy and (ully Paid ~ ~th~n (dtten days ne*~ afte~ the srmt ~errrrllY becomes due and payaAle,~x d ea.h and eve~y ~he ~upulaunna, a~rcements, .und~Uun~ and co~aoants o( sa~d ptcxn~s- say no~t and thu detd, ur e~th«, arc not (ully performrd, cwnpliad xuA and abiJed by, tht .~~d aggre~ate swa menu~nad in sa~d ~ pr.xn~ssay no~e shall bec.xne due and payable (orth~~tA o~ the~aafter at the opuue ot the \1u~tpagee as fully rnd complNely as ~f the : caid a~{re~ate sum ot said pran~csory note Was on6~oally s~ipulated to be pa~d ~x~ such JaY. +nyth~n6 m said xomissc.~y note ot hete~n ' tu the contruy not~~thsta~d~nE. ! 1 That in order to accele~att the metunty of ~he inJcbtedness hereDy secwed, btcauxe u( thr (a~lure o( ~he ~lwtga~w ~o pay any taa, asse.smen~, I~ab~lity, ~~ligatiun ~.r rn.umbrance upun sa~d prope~ty, as herrin pro~~deu, u shall nut be nt.es.ary a reQu~s~~e that the } mwtgagee shall f~nt p~Y the srme. 2. The ~lortgagee may, at his option, and without Naiving hi~ right to accelerate the indebtedness hereby serured and to [oreclose th~ same, pay eith~r before or after delinquency any or all of those certain obligations required by th~ terms hereof to be paid b~~ the \lortgagar for the protection of the mc~rtgage security or for the col- # lection of the indebtedness hereby secured. All sums so advanced or paid by the ~lortgagee shall be charged into # the martgagt account anJ become an integral part thereo(, subject in all respects to the terms, conditions, and t covenants oG the aforesaid promissoty note, and this mortgage, as (ully a~d to the same extent as though a part ' af the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the i~1ortgagee forthwith upun its demand and be in addition t~ the regular monthly install- - ments pravided by the mortgage note. _ 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession of the \lortgagee and in event of the fareclosure of this mortgage or other + transftr of title to the rm~rtgaged property in eitinguishment of the indebtedness secured hereby, all right, title and interest of the Vottgagor in and to any such abstracts af title sha~l pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the 1Aurtgagor to the ~lortgagee described herein or secured hereby. the !1lortgagee is hereb~• subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, li~n or othet incumbrance on the land described herein which 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 \1ottgagee herein as security [or the indebtedness ta the ~lortgagee herein described on c~reb~• secured, to the same extent that it v?ould have been preserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly assigned, transCerred, set over. and deliveted unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of recotd, it being the intention of the parties heretu that the. same will be satisfied and cancelied of recotd by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the !1lortgagor, the \tortgagee may, without notice to the ~lortgagor, 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 hlort- gagor without in any- way vitiating or 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 Atortgagee. and no ex- tension of the time for the payment o! the debt hereby secured given by the ~lortgagee shall operate to telease, discharge, modify, change or affect the original tiability of the ~tortgagor herein either in whole or in patt. 6. The lien of this deed secures and shalt continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said prumissot~ note or any renewal or extension thereof or substitute there- . i for, or otherKise, until all such indebtedness shall have been fully paid. = 7. /n the e~•cnt the mortRago?s sell, com~ey or transJer fhe mortgaged premises during the liJe oJ this mort- RaRe, then this mo~tgoge sho11. a1 the option uJ the .lfortAagee herein. 6ecome ~mmediately due and payable Jor the ~ jull sum oj the principa/ balance nnd interest Ihen due. { 8. The terms "hlortgagor" and "~lortgagee" whenever used in thic instrument shall include the heirs. ~ personal representatives, 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. ~ ~ ~ ~ ~ Signe , sealed a del e d i the presence of• C~zly^C'"~J (Seap 5 ~ S i a ~ (SeaU ~ ' ~ ~ ! ' STATE OF FLORIDA I ~j ~ COUNTY OF ~ ` ~s ' Bef~ore mUp IEnally ap~?eared A. W. KNOWLES and BEULAH P. KNOWLES~ his wife~ ~ to me w~ell knoN'n and known to me to be the i~sdividuals described in and who eaecuted the foregoing instrument, and acknow~ledged before me that they executed the same for the purposes there~n expressed. WITNESS ~y ha~}d , ; and official seal in the County and State last aforesaid this 24th Day of February, 197~~ MG! £ ~ ~ , ` ` ~ ~ - r . ~ ~ - June 30 1975 " J ~ " ~ ~ \1y Commission Expires: ~ Notary Public, State of 1 G, ' ~ ::~z f LED Ay~ RECORDEO • ~ ~ ~~CIE COUMTY fLA. ROCE~t POITRAS CLERK C~n~Ult COURT ~l~ - RECORD YER~F1~0~~:- ' ~ f i ` 6~ P~ , M~t 9 12 ~9 PH 72 o R z~ ~ ~ s; 2,~5189 ; ~ , - - - - _ _ a. ~ _ . . , - . ..,..r. - ~;t ` S - 1~._ ~ .a..._~h ~ '"N^tis