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HomeMy WebLinkAbout2037 Our file 5-24,552 th~s mo~~`a=r ~x uthtr tnnsfe~ ol hUe tu ~he murt~tased prupcr~y ~n exUnYwshmeot ot tAe ~ndebted~e» se.urrd hercb>•, ~11 n~tht, +ulr and ~nte~est o( the Mort~a~w m and to any ~n~urance polic~es then m torce s!?all pas~ to the pur.kaser or ~raMet. (A) To ptrfMm, comply ~'~th and ab~de by ca.h and every the supulat~ons, a~~eemencs, co~d~hon+ and rovenantc ~n .a~d pr.~mi.~an note snd in th~s deed set fo~tA. Tha1 ~f any o( said sums ot munty herein rtferrtd tu De not ptanplly and [ully pa~d ~~tA~n f~hcan daY. ne~t rttce the same severally becoeocs due and payaAle,iK eacA and every tAe st~pulahoas, a~~eements, cundN~ons and covtnants of sa~tl pcum~~- say note and th~s deed, or euher, are not fully per(ormed, caoplied w•~th and ab~ded by, the .a~d aggrcga~e sum mcnuoned ~n sa~d prom~ssory note shall becane due and payable frxthr~th ~x thereafter at the opho~ of the S1ot~Ea~te as tully and completrl)~ as if thr said a~sre~~te swa of said promisso~y note ~as ontinatlY shpulated to be paid on ~uch drY. anythms m sa~d prom~ssory note ot herein to the contrary notr~thstand~ne, l~ ) That in ordet to accelerate the rruwnty uf ~he indeDtedness heteby secwtd, becaust o( the tailure ot the \to~tga~or ~o pa>' any t~~, assessment, liability, obliQat~on ix rncumbrance upon sa~d property, as Atrrin prov~ded, N shall not be neces.ary or requ~sue that thr m~x~~asee shall (ust pay tAe same. ' 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedne~s hereby secured and to foreclose the same, pay either before or alter delinquency any or all af these certa~n obligations required by the terms heteof to be paid by the Mottgagor for the ptotection of the mortgage seceuity or far the cot- lection o[ the indebtedness hereby secuted. All sums sa advanced ot paid by the Mottgagee shall be charged i~to the mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, and covenants oG the aforesaid promissor~ note, and this mortgage. as fully and to the same extent as though a part of the ariginal indebtedncss evidenced by said nate and secured by this mortgage, excepting however, Ihat said sums shall be tepaid the Mortgagee forthwith uPon its demand and be in addition to the cegulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts ot title covering the mortgaged property shall at all times, during the life of this mortgage, remain in possession ot the hlortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any such abstracts o! title shall pass to the purchaser or grantee. _ 4. To the extent of the indebcedness of the Mortgagor to the Mortgagee described herein or secured hereby. the !~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof 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 heroby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shall pass to and be held by the ~iortgagee herein as security Cor the indebtedness to the ~lortgagee herein described or hereby secured, to the same exte~t that it would have been preserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly assigned, transfened, set ovet, and delivered unto the ;11ort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record. 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. 5. In the event the ownership oC the mortgaged premises, or any part thereof, becomes vested in a person othet than the !Nortgagor, the ~tortgagee may, without notice to the Mottgagor, deal with such successot or suc- cessors in interest K~ith reference to this deed and the debt hereby secuted, in the same manner as w~ith the !11ort- gagor w~thout in any vvay vitiating or dischatging the hlortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the hlortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to release. discharge. modi[y. change or affect the original liability of the 1~lortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or eztension theteof or substiwte there- for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. !n ~he event the mortgagors sell, convey o~ transjer the mortgaged p?emises during the liJe oJ this mort- gage, then this mortgage shall, at ~he op~ion oj the Alortgagee herein, become immediately due nnd payable jor 16e i Jull sum of the principal balance and interest then due. ~ 8. The tem~s "Mortgagor" and "Mortgagee" w•henever used in this instrument shall include the heirs, ; personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Signe , sealed and deliv ~n th presence of: ~ (Seap ~ ~ (Seai) ~ ~ t .t l~ c~-,t.~ ~ ~ i ~ STATE OF FLORIDA I ? ~ COUNTY OF~ j ss 1 ~ ST~eforeJme personally appeared DOROTHY PANKER, an unmarried WO~l8II~ ~ 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 Cor the purposes therein expressed. WITNESS my hand - and official seal in the County and State last aforesaid this 15tt1 D831 of June, 1972 f ~ . ~ ' `v~°' ~ •~G ; .~r ; •!s? i _ ld ~ _ : _ ~ `1y Commission Expires: Jutte 30~ 19~5 Notary Public, State of 1 Z a~~ A~ ~r°,' _ ~ , _ ~ = ' f1~E0 Ay= `'ECU~OED . .a;,•' S?.IUC~C :._UNTY fU. ` ~+'RAS " Cl E ~K E :'J~ COURT ~ , ~ RFrnr ~ y;-, , ~r~ ~ ~ -,~,1~ 8 32 AM'72 o R ~ ~ . gooK 203 PA~E 2037 ~ ,~.~z1~9 ~ ~ ~ ~ , . - ~ r~ M~~-~ '~:"`~s~- aa~ ~ ~ ~ , 'F-~,, ~ ~~~,z-w., ~ ~~r~~.<". .