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HomeMy WebLinkAbout1599 ~ Our file 5-23,832 th~s a~o~l~a~e or o~l?er U~nsfu of tiUe to tAe mo~t~aaed popertY in eat~nju~sAmen~ o( tAe ~ndeUtedneas secwcd he~ebs'. .II n~ht, t~ele u+d ~etc?est o( the Mor~~~~or ~n ~nd to sny ~nrurance poLc~ea ~hen ~n (orce sAall pass to tAe purch~ser or iran~ee. : t (h) To pertam, canply +~~U+ and ~bide by each ~nd evtry tAt ~Upul~t~ons, a{ieeincnu, condiuona and co~en~n~c ~n .+~d p<<~R~~~~~~>' ~ note ~nd in ih~a deed set iortA. ~ ) Th~t i( any o( sa~d aua~s ot money here~n referted to bt nol ptompUy aod tully pa~d uMn Gftcrn 0+>. nc.i at:rr ~ the same se~erally becomea due ~od payable,or eacA anA every the supul~t~ons, ~~~etments, conJ~uons and covenantc oi .a~J prwn~s- a«y eote and tAi~ deed, or e~ther, ue not (ully pe~(ormed, caaDl~ed vith and ~b~ded ~y, tAe aa~d au~e~a~e swa men?~oncd ~n .a~d prom~ssay note sRall becon?e due and paYable fatAr•~tA ot therea(~er at tAe oplia? ot tAe Aiort~ajee ~s tullY and comple~ely a. ~1 tne s~id as~te~~te ius of s~id prao~ssory note rss or~{~nally atiput~ted to be p~~d on such d~y, anytA~n~ ~n said p?cxnixsary nou u: her~~n to tAe contruy notwiths~and~n~. 1 Th~t ~n order ~o accelet~te the mawnty ot tAe ~ndeDtedness hereby ~ecured, bec~use ol ~he (a~lu~e ot the Mcutra~.u ~u p~~ any ~aa, assessment, lubility, obli~ation o~ en.umMaoce upon sa~d property, ~s herem p~ov~ded, shall not be neces~ary ix requ~sue iAai ~hr mor~~a~ee sAall first psy the sune. 2. The Mottgagee may. at his option. and without waivins his tight to accelerate the indebtedness hereby secured and to foreclose the same, pay either be[ore or after delinquency any or all of those certuin obligations ; required by the terms hereof to be paid by the Mort~agor tor the protection of the mortgage security or for the coi- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mort`aaee shall be charged into the mortgage account and become an integral part thereo[, subject in all respects to the termc, conditions, anJ covenants of the atoresaid promissory note. and this mortsage, as [ully and to the same extent as thoueh a part of the original indebtedness evidenced by said note and secuted by this mort~a`e, excepting however, that said ~ sums shall be repaid the Mort~a~ee fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mottgafe rtote. 3. That the abstract or absuacts of title covering the mottgaged property shaii at ail times. during the liCe of this mortgage, remain i~ possession of the Mortgagee and in event of the foreclosure of this mortgage or othcr transfer of title to the mottga6ed property in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~1oci~agor in and to any such abstracts o[ title shall pass to the purchaser ar grantee. 4. To the extent of the indebtedness of the Mortga~or to the Mortgagee described herein or secared heteby, the hlortgagee is hereby subro~ated to the lien or li~ns snd to the cights of the owners and holders theteof of each and every mortgage, lien or other incumbrance on the la~d described herein which is paid and/or satisfied. in whole or in part, out o[ the proceeds of the loan described herein or secuted hereby, and the respective liens of sa~d mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is preserved and shail pass to and be hetd by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described ~ or hereby secured, to the same oxtent that it would have been preserved and would have been passed to and been held by the ~Mrtgagee had it bzen duly and rogularly assigned, transfened. set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satis[ied and Cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at ot about the time of the recording of this mortgage. 5. In the event the ownership of the roortgaged premises,• or any part thereof, beccxnes vested in a person other than the ~~fortgagar,-the \lottgagee may, without notice to the Mottgagot, deal with such successor or sur ; cessors in interest w•ith teference to this deed and the debt heceby secuced, in the same manner as with the \lort- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereb~~ secured. No sale of the ptemises hereby mortgaged and no [orbeatance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate ~o telease, discharge, modify, change or affect the original liability of the ~lortgagor herein either in whole or in patt. b. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, however evidenced, w•hether by said promissory note or any renewal or extension thereo[ or substitute there- i for, or othetwise, until all such indebtedness shall have been fully paid. i 7. /n the event 1he mortgagors sell, convey or transfer the morlgaged premises during the lije oj this mo?t- gage, then this mo?tgage shafl, at the option oj the Alortgagee herein, become immediQteJy due and payable Jor the ~ jull surn oJ ~he principal balance and in~erest then due. , 8. The terms "hlortgagor" and "~lortgagee" w~henever used in this insttument shall include the he~rc, ~ personal representatives, successors and assigns of the respective parties hereto. Wherevet used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall ~ clude all gendzrs. ~ ~ ~ # ~ i ned, sealed an ~vered n the presence of: (Seall 4 . ~ . ~ ~ G~-~--~--~ • (Seall ' ~-1t~' . f~c..~ ~ STATE OF FLORIDA I ~ ~ COUNTY OFI(~Y?~ ~ SS ~ ~ SBefore meCpeErsonally appeared FREDERICK C. GREIS and MILDRED E. GREIS~ his wife, a ~ to me well know~n and known to me to be the individuals desctibed in and who executed the fotegoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ;j and official seal in thc County and State last aforesaid this 2nd Day of Mare 1972 ~Zy'~ , ~ .~1. i _ ~+fy Cort:mission Expires: JuRe 30, 1975 Notary Public, State of Fl St' e._ ~~•V` • ~ _ " ~ ? FILEC /~ND RECQRD~O , ~ j - - LT.IUCIE GOUNrY f A. ' IIOCER P~~TRAS . 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