HomeMy WebLinkAbout1509 IOur File 5-24,083
th~s murt~a~c ur u~hc~ Irans(e~ o( utle ~u ~he aw~tYs~ed propsrly ?n ext~n~u~shmenl W lAe ~ndtbteJness ~ccwcd At~eby, ai) n~ht, u11e •
and ~n~ettat ot Ihe ~1u~t~asor ~n and to any ~nswanre policies ~hen in (orce sAall pass to the purchsaet w~ran~ee.
(h) To ptriam. ~wnp1Y wNh aad ab~de by eacA and every tAe s~upulaUw~s, a~reements, cood~l~ons and covenams ~n sy~d prwnusory
aotc am1 i~ tA~~ derd ae~ fath.
1 Tha1 d any uf said sums uf monry here~n ~e(errcd to be ~ot prwaplly and fully pa~d vruh~n t~fletn days nexl atter
the same severally becomes due and payable,a ?f eacA a~d every the stipul~tions, a~teements, comf~tions snd covenan~s of sa~d pran~s-
sory oote and tAis decd, w euAer, are nol lully pe~toraoed, complied r~~th and abided by~ Iht ~a~d aKreqte sum menua?ed ~o said
pranissory note shaii becomt ~ue and pay~ble tor~hNith o~ tAereatter at the op~ion of the t1«?p~ee as tully and comp~e~ely ss if the
s~id a{{re~ale sum of said prom~csory note w~s or~~inally ctipulated to be paid on such day, anythin~ in said pranissory note or heroin
to the conlrary not~•ithslandinR.
1 Tha~ ~n ade~ to accelerate the ma~un~y ot tAe indebtedness heresy secured, because o[ the (ailure ot the \lortsa~or to pay aey u:,
as>e~sment, I~ability, obl~satioo a rncumbrance upon said property, as herein pruvided, it sha1) not be neces~a~y or reQuisi~e that the
mon~aaee shall f~rs~ pay the same.
The 1~lortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby
secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations
required by the terms hereof to be paid by the `lortgagor for the protection of the mcirtgage security or for the col-
lection af the indebtedness hereby secured. All sums sa advanced or paid by the hlortgagee shall be charged into
the mortgage account and became an integral part thereaf, subject in all respects to the terms. conditions. and
covenants oG the af~resaid promissory note, and this mortgage, as fully and to the same exte~t as though a part ~
of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said
sums shall be repaid the Alortgagee forthwith upo~ its demand and be in addition to the regular monthly install-
ments provided by the mortgage note.
3. That the abstract or absuacts ot title covering the mortgaged property shall at all times, during the life
of this mortgage, remain in possession of the Alottgagee and in event o[ the foreclosure of this mortgage or other
trans(er ot title to the mortgaged property in extinguishment o[ the indebtedness secured hereby, all right. title
and interest of the Nurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
4. To the extent of t6e indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby.
the Alortgagee is hereby subrogated to the lien or liens and to the rights oi the owners and holders theteof of each
and every mortgage, lien or other 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 respectivt 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 hlortgagee herein as security for the indebtedness to the Mortgagee herein described
or hereby secured. to the same extent that it would have been presetved and would have been passed to and been
held by the ~lartgagee had it been duly and regularly assigned, transCetred, s~t over, and delivered uato the Mort-
~agee by separate deed of assignment, notwithstanding the fact tfiat the same may be satisfied and cancelled of
n~cord. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the
holders thereof at or about the time of the recording of this mortgage.
S. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person
other than the Mortgagor, the ~tortgagee may, without aotice to the Mortgagor, deal with such successor or suc-
cessors in interest w~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort-
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance 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 to release,
discharge, modify, change or affect the original liability of the Mortgagor herein either in whote or in part.
6. The lien o[ this deed secures and shall continue to secure payment of said indebtedness or indebted-
- ness, however evidenced, whether by said pr~xnissory note or any renewal or extension thereof or substitute there-
for, or otherwise, until all such indebtedness shall have been [ully paid.
~ 7. In the event the mortgagors sell, convey or transfer the morlgaged premises during the life oJ this inort-
k Rage, then this mortgnge shall, at the option oj the Alo~tgagee herein, becorne rmmediately due and payoble jor the
; jul! sum of 1he principal bulance and interest then due.
~ S. The terms "Mortgagor" and "Mortgagee" whenever used in this instrwnent shall include the heirs,
personal representatives, successors and assigns of the respective patties hereto. Wherever used the singular
number shall include the plural and the plural the singu[ar, and the use of any gender shall include all genders.
Signe sealed an del~ e d i he presence of: " G~'1-~-~~ (Seal)
(SeaU !
MA ~
0~'/
STATE OF FLORIDA I -
COUNTY OF A~ ~S
BST e ~LU~CIE ally appeared T. J. EVANS 8cid DOROTHY LOUIS~ EVANS ~ his wife,
to me well known and known to me to be the individuals described in and who executed the foregoing instrument,
~ and acknowledged before me that they executed the same for the purposes thete~n exptessed. WITNESS my hand E
and official seal in the County and State last aforesaid this $t~l Dgy of Apr 1972
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~ ~Ay Commission Expires: Ju11e 30, 1975 Notary Public, State
~ fllf0 ANO RENTM f~ 1; _
5?. LUCIE C0~?R~S -
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IiOCER P011 COUit7 - ' '
CLERK ~R1fIf 0 d' j~~j:;; ~ ;
RECORO YE ~`''`~ut:,;t: ' l
~ y9 It ss AN'1Z o R~ ~
~ a,71rq~ eoo~ ~01 P~150?
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