The URL can be used to link to this page

Home My WebLink About2477 I , ~ ' ~ Our'file 5-24,366 thia aort~~~e or other tnnsfer ot title to ~he ma~sa~ea property ~n eYt~aauishmeot oi tAe ~ndebtedeeax secwrd he~eby. all ~~~h~, ~~tle and ietetesl ot Ihe Mw1{s~a in ~nd 1o any iesuraece policies thea ia force sA~li pasa to Ihe purchase~ or ~rsn~te. (A) To oerfam, comply ~riU~ •nd ab~de by c~ch snd every tAe stipulations, ~~reewtnts, condit~an~ aed covenanta ~n caid pram.say ~ ao~e and ia W~a deed set fat~. (i ) th~t if any of aaid sums o[ money herein re/ened 1o be not proraptly and tu11Y paid vr~th~n fittten days neal a(~et ~Ae s~Ae sevenlly becomes due snd psyable. o~ if e~cA a~d evety U?e stipul~uoes. s~reements, coml~t~ons and covenants of said praa~s. ' sory note aad this deed. or eithe~. ue not fulty perfo~med, cowplied ~rith and abided by~ tAe ~a~d akrep~t sum meaUOned in sa~d ~raaiasay note alull become due and psyasle (ortAWitA or there~fter •t the op~ian ot tAe illortja~ee as fully and completelY as if the s~id a~{re~~te suw ot said ptomi~esay aote vas o~~~~nally atipul~ted to be p~id oe sucA d~y, anytA~ns en aaid promissory note or here~n io the contruy aot~ithstandin~. • (j ) ~That ia ordu to accele~~te Ne maturity ot the indebtedness Aerebr secu?ed. Decause of ihe t~~lure ot iAe !?1«i~a~w pay ~ny iaa, •ssessroenl, li~bility. opli~ation or eocumbrance upon said property~ as hereie provided, N shall eot be necesrary or requisite tAat the mat~asee shall tirat pay the same. 2. The Mort`a6ee may. at his option, and without waivin6 his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those cartain obligations required by the terms hereof to be paid by th~ Mort`saor for the protection ot the mc~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the moct~age account and become an integral part thereof. subject in all respects to the terms, conditions, and covenants of the aforesaid promisso~y note, snd this mortgage, as fully a~d to the same eatent as thopgh a part of thc ori~inal indebtedness evidenced by said note and secured by this mortgage. ezcepting howeve~. that said sums shall be repaid the Moctgagee forthwith upon its demand and be in addition to the cegular monthly install- ments pravided by the mort~age note. . 3. That the absuact or absuacts of title eoverint the mo~tgaged property shall at all times, during the life of ihis mort~age, temain in possession of the Martta`ee and in event of the foreclosure of this mortgage or other trans[er of title to the mort6aged pcopetty in extin=uishment of the i~debtedness secuced hereby, all citht, titie and interest of the Mortgagor in and to any such sbstracts o[ titte shalt pass to the putchaser or grantee. 4. To the extent ot the indebtedness of the Mortsa~or to !he Mottgagee described herein or secured hereby, the Mortasjee is hereby subrogated to the lien or liens at~d to the rights of the owners and holders thereoi' of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satis[ied, in whole oc in part, out of the proceeds of the loan described herein ot secured heceby. and the respective tiena of said mort~aaes, liens or other incumbrances, shall be and the same and each of them hereby is pnserved and shall Pass to and be held by the Mortsagee herein as security for the indebtedness to the Mortgagae herein described or hereby secured, to the sam~ eatent ihat it would have been preserved and would have been passed to and been held by the Mortsaaee had it been duly and regulatly assigned, transfened, set over, and deleveced unto tlre Mo~t- gagee by separate deed of assignment, notwithatanding the fact that the same may be satisfied and cancelled of record~ it being the inte~tion 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 recordin` of this mort6age. S. In the event the ownership of the mortsa~ed premises, or any part thereot. becomes vested in a person other tha~ the Mortaaaor, the 1~Mrtgagee may, without notice to the Mortgaaor~ deal with such successor or suc- cessors in intetest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiatin6 or dischar`in6 the Mort6a=or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortga6ed aed no forbeatance on the patt of the Mortgagee, and no es- tension of the time tor the payment ot the debt hereby secured given by the Mortgagee ahall operate to release. discharge, modify, change or aftect the origina! liability of the Mortgagor herein either in whole or in patt. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however cvidenced. whether by said promissoty notc or any renewal or extension th~ereo[ or substitute there- [or, or otherwise, until all such indebtedness ahall have been fully paid. 7. In ~he event the morlgago~s se!/, convey or transjer the n~ortgaged preinises dr~ring the lije oJ this nrort- gage, then this mortgage shQ~l. Qt the option oj the Mo~tgagee he~eiR, become inu»ediotely due and payable fo~ the Jull suni oJ 1he piincipal bn/ance ond interest then due. 8. The terms "Mortgagor" and "Mortgasee" whenever used in this instrument shall include the heits, personal representatives, successors ~nd assisns of the respective parties hereto. Wherever used the singular number shall include the plural and the plurat the singutar, and the use of any gender shall include sil gendets. Sign d, sealed a dtliver in presenct ot: ~ ~~a~j ~.t' , ~~~t,~/ ~ 1~~ (Seal) STATE OF FLORIDA COU~jl( Q~~ ss ~ -1 L Betore me personal~y aPpeared TAIMADGE EARL GOD~WIN ~and JANICE (~ODWIN, his wife, to me wel! known and lcnown to me to be the individuals described in and who eaecuted the foresoin6 insuument, and acknowledaed before me that they executed the same for the putposes therein expressed. WITNESS my hand and official seal in the County and State last afotesaid this lSth Day Of M8y ~ 1972 ~+ly Canmission Expires: __Jutte 30~ 1975 Notaty Pubtic. State of lorida t$~~ ~,.,~y~''-. ~y RECOIlOfO ' ' f lE0 AND ~ ' ~ r ~ - , • a ~ . i~.lUC1E COUNTY flA- ~ - ~ : OGER POITRAS V ~t ' 7' ; t- ~ CLERR CiR"vUtT COURT ,k - ....,r ~ - RECOR?l YE~iF1E0.....r~} _ ' ~ ' ~~I f ~~1~• % _ ~ ~ ~ ~ ~ I 19 PM ~~Z ':c.: . ~~'~~':il(:tll\\ ~3~425 ~ooK 2~i ~2~'~J , - ~ ~ _ - .~ir I' ~