HomeMy WebLinkAbout2613 Our File 5-23,872
th~~ mu~t~t.~ga• ~M othrr uan.ir~ ot utlr ~u ihc m~~~tgaKcd ptupett~ ~n r~un~w+hment ut tht indtb~tdnta. ~ccu~rJ hrrch). ~11 n6ht. ~~Ile
and ~n~ttr.t ~~1 ~Ar V,~~~~a~o~ ~n and to an~ in.wan:r p.~l~i~t+ then ~n torce .hell pana t.. thr pur~hasr~ or gran~rr.
(h1 To prrt~am, ..mpl~ w~tA nnd ahide h~ rrcA ?nd rrtr> the .t~pulaUuns, agrcrments, ~unl~~ion. and .o~enan~. ~n .a~d pr.~m~.~ury
no~c and ~n ih~. dcrJ .r~ (unh.
1 Thrt ~t an~ oi .a~d +um. ~t mont) hr~rm crlrnrd t~~ bc nut pn~mptl> ~nd fuli> pa~d wrthin liftrrn days netit alttt
tAe same .rcr~rll)' br.~~rnes due rnd pa)ahle.~K ~f ea.A and e~•er~ thc ~~~pulat~on~. agrcrmrnt., .,~nJ~t~on. and l'U~fOOM~ O~ sa~d prum~s.
say note and thu dred, ur euhrr, are not fully prr(ocmrd, cumpl~ed Muh eod ab~drd ~~y, th~ <a:d ~ggrcg:+tt ~um mrnU.~nrd m seid
prurn~ssw> o.~te .hrll bcc~xne dur and pa~ahlc fcxthwith o~ therrattrr at thc ophun ot ~ht \lurtgagrr as fully rnd compirlely as ~t tAe
sa~d ag`reget~ .um of sa~d pr.~mi~wr>' note wa~ .~~~g~nall>• st~pulated t.~ br paid on +uch day, ~n~tF.mg m xaiJ prom~.+ory nofe ot hercm
to lht coMre~y nut~~lhsl~ndmg-
l~ 1 That m order tu eccele~a~e the metun~y of the ~ndrDtedne+~ hrrchy .rcu~ed, bccause o( th. ta~lurc of tAe \to~tgagur ~u pay an)• ~e~,
es.e.smcnl, I~a~ilit>', obl~Kauon ar rn.~mb~an.e upon .a~d pr~~pe~tp, as hrrr~n p~u~~deJ, ~t .A~11 not be ne:t.~ary .x requ~siu tAat the
m.~eigr~te~ .hall t~rs~ pay the +amc.
The \tottgagee may, at his opu~~n, and without Na~~~ing hi. r~ght to accelerate the indebtedness heteby
serured and t~~ furecluse the sarne, pay either befare ~~r a(trr delinquenc}~ any or all of those certain obligations
requ~red by th~ terms hereof to be paid by the ~tortgagot for the protection of the mc?rtgage security or for the col-
lerti~?n of thc indebtednecs hereby secured. All sums su advanced or paid b~ the ~tortgagee shall be charged into
the murtgage accuunt anJ become an ~ntegrai part thereof, subject in all respects to the terms, conditions, and
covena~ts of the aforesa~d prom~s~ury nute, and this mortgage, as fully and to the same extent as though a part
of the orig~na{ indebtedness e~~idenced by said note and secured by this rtxirtgage, excepting however, that said
sums shall be repa~J the \lorigagee forthwith upon its demand and be in addition to tho~regular munthly install- '
ments p~ovided by the murtgage note.
3. Thst the abstract ~~r abstracts of title cc~vering the murtgaged property shall at all times. during the life ~
of this mortgage, remain in possess~on oi the ~tortgagee and in event uf the f~~reclusure of this m~rtgage or olher :
transfer of title to the rix~rtgaged propetty in extinguishment of the indebtedness secured hereby, all right, title ~
and intzrest of the \t~~rtgagor in and to any such abstracts of title shall pas~ to the purchaser or grantee.
4. To the extent of the indebtedness of the ~k~rtgagor to the !1lortgagee described herein or secured heteby,
the ~lortgagee hereby subrogated tu the lien or liens and to the tights of the owners and holders theteof ot each
and every mortgag~. I~en or other incumbrance on the IanJ described herein N•hich is paid and~ot satisfied. in
whule 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 ~ncumbrances, ~hall be anJ the same and each oC them hereby is preserved and shall
pass to and be helJ b~~ the ~lortgagee herein as securit~• Cor the indebtedness to the Alortgagee herein described
or hereby secured, t~~ the same extent that it Would have been preserved and v?~ould have been passed to and been
held by the \lortgagee had it been duly and regularly assigned, transCerred, set over. and delivered unto the Mort-
gagee b~• separate deed of assignment, notaithstanding the fact that the same may be satisfied and cancelted of
record, it being the intention of the parties heretv that the same wil! be satisfied and cancelled of record by the ;
h~~lders thereaf at or about the ume of the recording of this mortgage.
5_ In the e~~ent the ownership of the mortgaged pre~nises, or any part thereof, becomes vested in a person
other than the ~tortgaaor, the ~lortgagee may, without nct;~C to the 4lortgagor, deal with such successor or suc-
cessors in interest with reference to this deed and ~he debt hereby secured, in the same manner as w•ith the \tort- .
gagnr without in any wa~ vitiating ot dischargin~ the Mortsaaor's liability hereunder or upon the debt hereby
I secured. No sale of the
piemises hereby morigaged and oo forbeuance on the part of the \brtgagee, and no ex-
tension of the time for tfie payment of the debt hereby secured given by the ~lortgagee shall operate to release,
i discharge, modifp, change or affect the original liability of the ~lortgagor herein either in whole or in part. :
~ 6. The Gen of this deed secures and shall continue to secure payment of said indebtedness or indebted- ;
~ ness, however evidenced, whether by said prumissory note or any re~ewal or extension thereof or substitute there- ~
~ for, or otherw~se. unt~l all such indebtedness shall ha~•e been full~• paid.
~ 7. ln the et•ent the mortRaRors selt, conve~~ or t?ans(er ~he mo?tRaged premises during the lije oj this mor~-
QaKe, then th~s mortko~e shall. a1 the nplion of thr .Ilort~u~ee herein. 6ecome ~mmedivtely due and ~yable Jor the
~ full sum of the pnnc~pal halanre und in~erest then due.
~ 8. Tht terms "itortgagor" and "1lortgagee" whenever used in this instrument shall include the heirs,
~ personal rrpresentah~es, successors and assigns of thc respective parties hereto. N'herever used the singular
~ number shall ~nrlude the plural and the plural the s~ngular, and the use of any gender shall include all genders.
G ; , ~
~ igned, seal an eli red n the presence of: ~~Z~ ~ ''~`a~''~ (SeaU ~
~
a,'2 ~ • ~(Seal) , ~
-f *<-cJ / r' • ~-s-t--~ ~G</ ~
~ { :
~ STATE OF FLORInA I
COUfVTY OF ( _
:3
~ ~STr~ m~IEnally appeared JOHN W. MASON atld SARAH A. MASON~ hiS wife,
~ to me Kell known and known to me to be the ~ndividuals described in and aho executed the foregoing ~nstrument,
~ and acknowleJged before me that they executed the same for the purpuses therein expressed_ WITP3ESS my hand
~ and offic~al seal in the ('~~unt~ and State la~t af~re~aid this llth Day of Mareh~ 1972
~
= z26404 . -
~1y Cummiss~on f:xpires: JUne 3O, 1975 Notary Public. State of Flori ' =
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: i1~ED AND RECORQ~O ~ : " ~
~ it.IUCIE COUNTr F A. "
~-s ROCER POITRA3 : `
CLERK CIRGUIT COURt ~~y ~
= 1tEC01tD vERti1E0 '
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~ 19 8 g! AH'71
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