HomeMy WebLinkAbout1744 Our file 5-24,387
ttu~ mo~tgagr .x ~~thrr uan.lt~ ut htlr thr m~ut~.~~trd ~x~~pc~~> in c~t~n~cul,h-~.rn! .~t "h~ :•io:htr.:nr...~....ra t;~rr~.. .,11 ri~eh~, htlr
and imcre~t u1 ~Ae \1u~~~aeor ~n end ~o an~ in.wen.r p•.~i~c~r. ~hrn ~n for.r .h~ll p.~.. t~, ~hr pw,h,..r~ Er.u:irr.
(hl To pcrfixm. ~~wnp1Y +•~th and ol+idc h> rr~h rn~+. r~rn thr .t~pulat„~n., ag~rrmant., i,~rd,t.,~n~ ond .,,~cn.~r.f. ,n ..~i,! p:,~m....,,n
nnte and ~n ths. derJ +r~ fur~h.
1 Tha~ rny o( said +um. ot m..nr~ herrin rrtrrtrd hr n,~t pr,~mptl~ ~nd i~:ll~ ,.~:.t .:~h,n ut~, rn .:e~~ nr~~ ettrr
Ihe s~me ~evr~ally becumes due •nd pa>e~lr.~~r ~t ra.h ~nJ r~rn ~hr .tipuL~u:~n., rmrr.t., ....!,ii„n. .,nd .,•r.e~t. .~t .aid pi..m~.-
snty no~e and th~a deed, ur euhrr. arc nu~ ~ully prrlnrmrd. .~~mplird aith ar..: ebi,ltd h~. thr -.u,i .,~K~.•~a~r .um mrr.uo~id :n .eid
p~om~svoty note shall bec.une Jur and p~~ehlr lorthw:th :a thr~c~ttrr et ~hr .~p~~.m .~t ehr V:~:t~e~:r t::;:~ and .~+mplrtrh e~ ~hr
.a~d :~6rrc~ate sum ot ti81, PhHl:I~~~HI nott wa~ .uig~nrll> ~upuletrd t,~ br pa~d „n .u~R d:,~. ,n~~hu~~ ir. .aid pr..mi...~r~ n~.tc ~~r here~n
tu the :on~rary no~~~thstanding.
l11 Th,ft m ordtr lu r~itltt~tt tAe matunty uf thi in~rbtrdnr.. hrreby .r.wrd, hr.~wr ,~t !h: ir~tun• oi thr \1~~~t~tag~~t pr) an> t.a~,
rs.t~_+ment, I~abilU>, ~~bligau~~n ~~c rn~umh~~ncr upun .a~d pr~~pcrt~, r. hcra~n pr~..~drd, i~ .h,il n~.t nc nr:e.~e~~ .~r rrywc~te thet thr
man~tagee shail fust ~y thr +smc.
The \lottgagee ma~•, at h~~ opt~on. and M•ithout Nai~•~ng hi~ nght t~~ ar~el~rate th~ ~ndrht~dnc+s hereh~
s~rured and tu foreclose thr same, pay eithet before ~a after d~l~nqurnc} :~ny ut all aP tho.e rertain obligauun.
r~quireJ by thr terms heteof to he paid by the \lortgagor f~r the protertion ~~f thr m~?rtgage sccur~t~ ~~r for the col-
lection of the indebtednes~ hereb~• secured. All sums s~~ adeanced ~a ~aiJ M the \t~?rtgagee sh:+ll b~ charged into
the murtgage account anJ become an integral part there~~f, ~ub~ect in al~ re~pcct+ to thr term., cundition~, anJ
r.~venants of Ihe a[uresa~d prum~ssor~ nute, and th~s muttg~ge, as full~ :;nd tu the same ext~nt a, though a part
~~f the onginal indebtedness e~~idenced b~~ .a~d note and secured b~ th~s m~~rtgage, exc~pting hoaever, that +aid
.ums shati be repa~d ihe ~tortgagee forthwith upon ~t. JemanJ and bc ~n add~uon tu tht regular munthly install-
ments provtded by the murtgage nute.
That the absttact ~~t abstracts of title cover~ng the martgageJ pmperty shall at al{ timrs, dunng the life
af this mortgage, remain in possrss~on oC the \tortgagee and in r~•ent uf the f~~reclowre of this mortgage or othet
tr:~nsftr ~~f title to the mortgaged propetty in e~unguishment of the indrbtedness se~ur~d hereb>•, all right, titie
and interest of the \lortgagor in and to am• such abstracts uf title shall pa~s to the purchaser or grantee.
~l. Ta the extent af the indebtedness uf the ~lortgagor to the \1~rtgagee describcd here~n i~r ~ecured hereb}~.
the :.lurtgagee is hereb~~ subrogated t~ the lien or liens and t~? the rights of the ~~ner~ and holders thereof of each
and every mortgage. tien or other incumbrance on the land describeel here~n which ~s pa~d and or satisfied, in
vrhole or in part. out ol' the proceeds of the loan described herein or securzd hereby, and the respecti~~e liens of
said mortgages, liens or other incumbrance~, shall be and the same and each c~f them herebc ~s preservcd and shali
pass to and he held b~• the \tortgagee herein as secunt~~ Cor the indebtedness to the \lortgagee here~n descnbed
or hereb~• secured, to the samc extent that it Would haee bcen preser~•eJ and w~ould have b~en passed to and been
held by the ~t~~rtgagee had it been duly and regularl~• assigned, transferred, set o~•er, and delivered unto the \lort-
~ gagee be separate deed of assignment, notv?ithstanding the fact that the same may~ be satisfied and canceUed of
record, it be~ng the intenuon ~~C the parties hereto that thr same ~~ll be sat~sfied and cancelled of record b}~ the
holders thereuf at i~r about the t~me ~•f the rtcording of this mortgage.
5. In the eaent the oun~rsh~p of the mortgaged prem~ses. or am• part thcre~f. becomes vestea in a person
ather tha~ the ~lortgagor, the ~lortgagee ma~•, without m~t~re t~~ the \tottgag~~r, d~al ~~ith such succes~or ~~r suc-
cessors ~n inlerest Nith reference to this deed and the debt hereb~ ~ecured, in the sam~ mann~r as with the \t~~rt-
gagor W~thout in anc way viuating or discharg~ng the \lottgagor's I~ab~Gty hereunder or upon the debt hereb~~
secured. No sale of the ptemises hereb}• mortRaged and no C~~rbearance on the part o( the \tortgagce, and no ex-
tensi~~n of the time for the payment of the debt hereb~~ secured gi~•en b}• the ~lottgagee shall operate to releasr,
discharge, mod~fy, change or affect the orig~nal liabilit~~ of the ~lortgagor here~n either ~n wfioie or ~n part.
b. The lien of this deed secures and shall c~~ntinue to serure pa~~ment of sa~J indebtedness ot indebted-
ncss, however evidenced, whether b~• said prom~sson- note or am~ renewal or extens~i.n thercof or subsutute there-
for, ur otherw~se, until all such ~ndebtedness shall ha~~e been full~- paid.
7. !n the e~~ent fhe ma?tRa,qrns sell, com•ey o? ?ransfer the~ ~r,c~rt,EaRed {~?emtse•s durink~ the l~fc• of this rrto?t-
ka~~e. then th~s mo~tgaRe shalt. at !he oplion of fhc• .11orlRaxee lierein, he~c<~mc~ immediately dtre and ~x~~~ab/r fo? the
; full sum oj the p?inr~pal balancP and interes~ then due.
I 8. The terms "~lortgagot'~ and "~tortgagee" whene~•er used in th~~ ~nstrun~~nt shall ?nclude the heirs,
€ personal representatives, successors and assigns the resp~cti~•e ~artie, heret~~. Where~~er used the singular
~
~ number shall include the plural and the plural th~ singular, and e u.e any gender ~hall include all genders.
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~ Sig ed, sealed d iv ed ~ the presence of: ~ ISeall
m
~ (Sea11
~ ~ f_c,,C t~ c c r L~ Q
~
~ STATE OF FLORIDA I
~ COUNT~`YT OF
~ J 1 • L~ ~
~ Before me personally appeared JULIA PARRIS, an unmarried woman
~ to me w~ell known and known to me to be the ~ndividuals described ~n and w~ho executed the foregoing instrument.
and acknowledged before me that they executed the same for the purp~~se. therein expressed. W1T~iFSS m~• hand
_ and official seal in the Count> and State last af~re~aid this 17th Day of June 1972
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~ ~1y Commiss~on Exp~res: June 3~ } 1975 Notan• Publ?c. St~tey?(- -
~ c • ~ - ROED f
~ f1~~L~~ ;~UN?Y FU. / R
~ $T. ~1.., : . ~ RAS ~
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~ ~ . Ji' ;,dURT
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~ JuN 2Z 2 ~6 PN'7Z
~ ' so ~~~r 203 ~~:1744 -
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