HomeMy WebLinkAbout2473 ' Our File 5-23,903
th~. murc~;~Kr „chr~ t~~n.tri t~tir t~~ thr ~i,.~r.~ee~erd prupre~} in c~cin~Cw.hn:rnt the inJehtranr...t.wrd hr~eh>. ~11 ~i~Cht. t~tlr
~nd ~ntrro~t ut thr \i+~<<ge~C.~t ~n ond ti~ an~ in.wart:r p.~li.~r. t!:rn in ~nr.r .hal1 p~.~ i~~ ~hr pu~cha.ri u~ g~antet.
(A1 T.~ p.•r~~,~m. ..,m;.i~ ~~th .,nd ab~dr b> ra.h and r~rn ~he .~apal~~:~,n.. agr:rm~n•., ~.~ndit~on. .~nd .n~rnant. m.r~d p~om~.nory
no~c anJ in ~h„ d~rd t t~~rth.
1 7ha~ an}~ ..1 .3~d .um. vf n~.,n:> h~~~c~n ~c~.•n:.! hr n.~t pr~~mpti~ ~nd :ul!) , a~d +~~h~n t~fir~•n A~)'. nt~l attet
the srmt ..~r~al!> br.~une. ~ur and p~~ahle.u~ if ro.h and e~~en tAa• .~spula~~~~n,, a~c~.rmrnt., .,m.f~~~~~n.. and i~~~enrnl~ uf .aid pram~s.
swY nolr anJ thu drr~. or e~thc~. •rr not iul!> prt~utmrJ, .~~mpl~rd •~~!h and ab~Jcd thr .~~d .~Kgr.•get.• cum mrnuuncd :n srid
~uom~ss~x> note ~hall bt:omr dur rnu p.+~aAtr furth~~th ~~r tht~rei~rr a[ thr uptn.n u( ~hr \furtg~~trt a~ lull~ and c.~mplrtrl)' ac thr.
.a~d ~g~te~tatr +um ut s~~1 pr~un~....r) nott ~r. unK~n~li>' .tipula~~d to be p~~d on .u.A J.y. ~n~th~ng m~a~d prom~ti~ury note .x herc~n
t.+ thr i ont~er) n.+t,a ~th~~and~nK.
If 1 Th~t ~rt .~rdrr tu .i.crle:atr thc r~~tur~ty the indrhtrdne,. hereh) .r~urcd, br.ou.e .d th.~ la~lurc uf the \to~~~Cag~~i h, pa)' any t.~~,
as>e..:mer.t, 1~e~i1~n, .~bl~gr~~~~n rr..umhtanrr up~~n .a~J pr~~~,+._~t>, a~ hrrrin pr~~~idra, i! .h~ll not be nrrr.~.u> ur rryu~site that thr
mo:igaKrt .hall i~nt p~y the .emc.
The ~1~~rt~agtr ma~. at h~. opt~un, and µ~thuut ~~a~r~ng hi~ right to acceitrate the indebtedness hereb~• '
s~rured and t~~ fot~cl~~se the ~SRK. (~:t) ~IIIICf before ~~t aftrr del~nyuenc>• am• ur all of thuse cettain obligations i
rtyuir~d hy thr term: hereof to bc paid b> the ~t~~rtgag~~r f~~r thc prutection of the rtx~rtgage security or for the col- `
le~ti~~n ~~f th~ ~ndehtedne~s h~reby s«utrJ. :~II cum~ ~u ;sd~•anred ~~r ~a~d b~ the \1~~rtgagee shall be chargcd into
thc muctgage arc~~unt an~1 hecumr an ~ntegr:~l part there~f, subject ~n ali respects to the term~, c~nditions, and
cuvrnants of the afor~~a~d pmm~s.ur~ nute, anJ th~s murtg:~g~, as fully~and to_th~ same txtent as though a part
of the ariginal ~ndebtedness e~•idenced by said note and srcured by this mortgage, excepting however, that said
sum~ shall be repa~d the \1~~rtgagee (orthwith upon its demand and be ~n addition t~~ the regular monthly ~nstall- '
ments providcd b~ the m~~rtg~ge nute.
3. That the ahstrart ~~r abstrarts uf title covering the murtgagtd property shall at all times, during the life
~~i' th~. m.~rtgage. remain in pasx~.sion of the \lottgagee and in event uf the forrclosure oC this mortgage or Mher
transfrr of t~tle tu the m.~rtgagtd praperty in e~tinguishment of the indebtedness secured hereby, aU right, title
and intere.t ~~f the ~tortgagor in a~d to any such abstracts of title shall pass tu the purchaser ar grantee.
-l. To the extent ~,f the ind~htednrs. of th~ ~tortg:~gor to the \t~~rtgagee described herein or secured hereby,
thr ~tortgagee ~s hereb>~ subrugateJ tu the I~en or I~ens and to the rights of the o~~ners :+nd holders thereof of each
and every murtgage. I~en or ~~ther incumbrance on the land described herein which is paid and or satisfied, in
whole or ~n part. out of the pmceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages, liens :~r othtr incumbranres, shall be and the same and rach of the?n hereby is preserved and shall
pass tu and h~ heW bc the \tortgagee herein a, security for the indebtedness to the ~lortgagee herein described
or hrreby srcureJ, t~~ thr same extent that it Nuu1J ha~~e hren preserved and N•ould have been passed to and been
heid by the ~1~~rtga~ee had ~t bezn dul~• and regularly assigned, transferred, set over, and delivered unto the A1ort-
gagee b~ separate deed af a~s~gnmer.t, notaithstanding the fact that the same may be satisfied and cancelled of
record, it hting thc intcnuon ~~I the pariies hereto that the same Nill be satisfied and cancclled of record by the
hulders thereaf at ~~r about the ume oC thz recording of this mottgage.
5_ In the r~~ent the ownersh~p oC the murtgaged premises, or any part thereof, bec~~mes vested in a person
other than the ~k~rtgagor, the \lortgagee may, ~ith~~ut natice tu the ~tortgagor, deal with such successor or suc-
cessors ~n ~nterest ~~ith referenre t~~ thi, deed and the debt hereb~~ .ecured, in the sam~ manner as wiih the \lort-
gagor without in an~~ Nay viUat~i~g or discharging the ~lortgagor's liability hereunder or upon the debt hereby
secured_ No sale thr ~+remise. hereb~ mottgaged and no forbearance on the part of the ~tortgagee, and no e~- ?
tens~on of the ume for the pacment of the deb? hereb}• secured given by the ~tortgagee shall operate to release,
; discharge, mcxi~f~. rfiange or af(ect the c~rig~nal tiability of the ~tortgagor herein eithzr in N~hole or in part.
j 6. The lien uf th~s deed secures and shall continue to secure payment of ~aid indebtedness or indebted-
~ ness, houe~•er e~~~denced, wfiether b}• sa~d prumissor~• note ur an~• reneK•al or extension thzreof or sub~titute there-
; for, ur utherw„e, unt~l aU such-~ndebtedness shaU ha~~e been full~• paid.
= 7. /n thr e~~•c•n/ thc mortRu,pors sell, cnm•er nr transfer the mart~aRed premises during the li(e oj this mort-
ka~e. nc~n this mu~tkake• sh~ll. u~ thc~ optum ui rhe Ifort,:uxre /?erein, hecome rmmedinlely due and pa~~able for the
s full sum of the r~mci/+ul hulurrce and ~nte~est thei~ Jue.
E 8. The term~ "~lortgagor" and "~tortgagee" uhene~er used in this instrument shall include the heirs,
~ personal representaU~~es, surressors and assigns ~~f the recpecti~~e parties hereto. w'herever used the singular
number shall include the plural and the plural the s~ngular. and the use uf an~• gender ~hall include all genders.
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gned, se a d J - red in the prescnce of: ~ ~ (Seal)
~ (Seal)
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~ u-e- _ ` - Her Mark (Seal)
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~ Elvey mith
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~ STATE OF FLORInA I
~ COUtiTY oF n~~[~F ( PAUL F. ROGERS and ETHEL ROGERS, his wife, ,
~ BeG~re me per.or.allc appeared and ELVEY SMITH, an unmarried WOmSII
to me Nell known and known t~~ me to be the ~ndividuats described in and w~ho executed the foregoi~g ~nstrument,
~ and acknowleJged befnre me that the~• exe~uted the same for the purpnses therein expressed. WITNESS my hand
= and official ~eal ~n th~ (~uunt~ ~nJ State latit a(~rc~a~d thiti 15th Day of March~ 1.972
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- ~t~• Cumm~ssiun t-..~~~z,: June 30, 1975 tiatary Publ~c. r S St ]1 e
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