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HomeMy WebLinkAbout0918 Our file 5-25,741 ~n~. ~m~r~Ka'~ ..r .vhcr tran.tri ~~t t~tlc t.~ thc muriga~,rd ptope~~~ e~t~n~w.hmrn~ .N tAe indeAteJnr~~ ~~~wrd ~ereh~. ~U n~At, htlt ~sd :mcro.t ~.t thr \tonRaio~ ~n ~~d tu rm ~n~u~an:e p~~l~c~e~ then ~n fur:e >hell p~.c to tht putiAase~ or ~raMet. ~hi T~• p.•~i~,~m. ..wt+pl> ~uh and ahile Ay ca.h end evet~ tAe st~pule~«~nc. a~reemenis. cond~tion~ rnd tc~en~nt. ~n .a~d pr.~m~.~.~r> n.,te .~nd ~n ~F.~. ,trrd f,~~tA. ~ ih.~i ~t .~r.~ ,.t .~W sum. .~t rr:.~nr~ hrrc~n ~ctrnrd t~~ Ae nu~ ptump!1> and (ull> pa~d w~~h~n til~rrn da~~ nc~~ attr~ ~h~ .eme ~...~a~fy b~..~mrt du~ ind pa>atile.~a ~f ea.h .~nd e~er> the .~~pulat~on~, aRrccmcnt., .~~nd~u~,n. rnd cmtnan~. o~ .a~d p~um~.- .,a. n~~tr end th:. dred, or enhcr, are nm tu!!v per?o~mrd, :ompl~eJ wuh rnd r~~ded M, ~he .aid ~KRrcK~tr sum mcnu~~n.J ~n .e~d pr,~m~..~M~ n„tc ~h~ll Feiome dur .md pa~..hlr t~nh~~th ~.r thercatt~r at thr optmn o( Ibt ~1urtKa~re •s (ully rnd complttel) a~ ii thr .a~d aKKr~~t.+t~ .um ot c.ud pr~.m~..,~~~ n~•~e ~a. ~,nKinaUy aipul.fed to be pa~d ~x~ .u~h daY. anytAm~ ~n sud prom~.~ur~~ no~e or hereir. e!:o ..~n~~~~: nnt.uh.t~nd~nR. ~ ~ Ih.~~ ~r ,.+Jer n~ J~~llff3lf ~he r.:rwn~y ~~1 tAr ~ndebtedar.c he+eh~• ~e.ured. t~r:aust ul ~hr (a~lure o( the \1u~IK~a.a i.~ pa>' any .~..r..rr+rn~, i~ah~lit~. oDl~~eat~nn .^.umfir~nae upon .a~d p~aprrt~, a~ hrrr~n pr~.~ided. ~t shrll not be ~ecc~.ar~ or rtQuis~te ~hat thr r^..,••K.~'r~ .A.~l1 fir.t p~~ tAe .amc. ' 'Thr ~turtgagrc ma~•, at h~s opuon, and w~thout Kaiving h~s nght to accelerate the indebtedness hereb~ .eriu~J anJ tr for~cluse the .amr, pay either hefore or after delinquency any or all of those certa~n obligations rcyu;rrd h~ thr terms hereof t~~ he ~aid b)• the ~lortgagor for the protection of the mc~ttgage security or for the cal- i~~t:~m ~~1 the ~ndehtedne~~ hrreb~• secured. All cums so aJvanced or pa~d b~~ the \lortgagee shall be charged int~~ thr ~n.~rtgage ar~ount an~ hecc~me an ~ntrgral part thereof, sub~ect in all respects to the terms, condition~, and r~~~tnant. ul the at~~re.a~d ~rum~ssory note, and this mortgage, as fully a~d to the same extent as though a part ~~f thr i~ng~nal indebtedness ev~denced by~ said note and secuted by this mortgage, exceptin~ however, that said .ur~> .hall b~ repaid the \lurtgagee forthw~th upon ~ts demand and be in addition to the regulat monthly ~nstall- ~~rnt. prov~dcd by the muttgage note. That the ahstract ~~r abstrarts of title covering the mottgaged propert~• shall at ali times, duting the li(e ~~I th~. m~~rtcagc, rema~n in p~~sse.~u,n of the \lortgagee and in event of the foreclosure of this mottgage or other tran.fer ~~f title tu the mortgaRed property ~n extinguishment ot the indebtedness secured hereby, aU right, utle and ~nterest of thr \lortgag~~r in and to an~• ~uch abstracts of title shall pass to the purchaser or grantee. -I~.~ the ratent of the ~ndebtedness of the !Nortgagor to the \tortgagee described herein or secured hereby. thr \1~~rtgager ~s hereby submgated to thr lien or liens and to the rights of the owners and holders thereof of each and ecer~• m~~rtgag~. lien or other ~ncumbrance on the land described herein w~hieh is paid and oc satisfied. in wh~~l< <~r ~n part. ~~ut ol' the proceeds of the loan described hetein or secured hereby, and the respective liens of ti~id m~•rtgagcs. liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pa.. :~nd he held by the ~lortgagee here~n as security for the indebtedness to the ~lortgagee herein desctibed ~~r hereh~ secured, a• the same extent that it w•ould have been preserved and would have been passed to and been helJ b~ the \1~•rtgagee had it been duly and regulatly assigned, transferred, set ovet, and deliveted unto the ~1ort- gagee b~ +eparatr deed o(' a.s~gnment, notw~ithstand~ng the fact that the same may be satisfied and cancelled of rer~~rd. ~t hting th~ intrnuon ~~f the parties hereto that the same w~ill be satisfied and cancelled of record by the h~~Wers there~~f at ~?r about the time of the recording of this mortgage. In thr rvent the ownership of the mortgaged ptemises, or any part thereof, becomes vestcd in a person ~~thzr than the \k~rtgag~~r, the Vortgagee ma}~. v?•ithout notice to the Nottgagor, deal with such successor or suc- ce..~~r, ~n ~nterest ~~th refer~nce t~ this deed and the debt hereby secured. in the same manner as v?ith the \lort- gagor ~~ithout in any wa~• v~t~at~ng or discharg~ng the 1lortgagot's liability hereunder or upon the debt hereby ~ecured. ti~~ sale ~~f the premises hereb}• rtwrtgaged and no forbearance on the part of the !~lottgagee, and no ex- t~nv~~n of the ume f~~r the pa~•ment of the debt heteby secured given by the ~lortgagee shall operate to release, di~charge, m~~dif~, change or af(ect the orig~nal liability of the ~tortgagor hetein either in whole or in part. b. The l~en ~~t this deed secures and shall cantinue to secure payment of said indebtedness or indebted- ne~~, huwevcr e~•idenced, ~hether b~• said promissory note or any renewal or extension thereof or substitute there- ! f~•r. ~~r ~~therw~.e. uat~l all ~u~h ~ndebtedness shall have been fully paid. ~ In thr e•~~nt tht~ m~~rteU.enrs sr!!. conrey o? t?ans(er ~he mo~~RaRed p?emises during the lije oJ this mort- i ,;u~r. thrn this mo?tguke shall. ut ihe option of the .11ortRogee he~ein, become inimediately due and payable Jor the E ~ rul! sum oi rhr ~nnce~+a/ halance ared inlerest then due. R. The terms "~tortgagnr'" and "\lortgagee" v?henever used in this instrument shall include the he~rs, ~ ~er~~~nal representatn~es, successors and assigns of the respecti~~e parties hereto. Wherever used the singular ~ numher ~hall ~nclude the plural and the plurat the singular, and the use of any gender shalt include all genders. a L. ~~L L~, L L-t: - vt.. t- Sign d, ,ealed nd I~~• red n the resence of: ~ ~ Seal) , L/~ . ~ - l (Seal) ~ i-IL[~ / ~ „L yYL,/_ - ~ ~ . ~ / ~ STATF: OF FLORIDA I ~ 1S ('nl,ThTY OF ST. LU ~ Before me personalh• appeared WILLIAM F. MOOMEY and PHYLLIS V. MOOMEY, his wife, t~~ me uell 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 therein expressed. WITNESS my hand , . and offic~al seal in the Count~• and State last aforesaid this llth Day of Novemb r, 1972 , ~ • ~ , ; ' ' ~ ~ ~ v= June 30 1975 Florida " ' . . ~e ? ? - ~ \h (~nmmiss~on Exp~rcs: , tiotary Public, State of ~Y . fi~EO A++. QEC~:?oEO . . ' ST.LUC~~ ,~t;h;Y FU ~ ~ . ~ R~,_ lt'°RS ( - , . . ~ GIfF! Cc ~~.U1~ COLRt ~ q[C^Rf r~ " ='+EO N~ 16 3 2i PN'7Z ~ 2~.s1 ~oax~i}8 ~ 9~.5 ~ - ~ _ _ ~ . 2.~ . - . .