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HomeMy WebLinkAbout1419 ~ Our file 5-26,421 ~A~. m.u~~~Kr .v ..iAe~ trsr..~e~ M u~lc ia ~he mor~~a~ed poprn~ m ecun~uulyncn~ o~ ire ~n~e~icdne.~ secwrd Ae~cM. ,11 ~~~M. hele a:W ~nte~e-t ~he \tai~a~w ~n ~nd to am mcwance pul~c~es iAen ~n tw.e .hall ~+aas ta tAe ~thaser av pamee. IA1 To pc~~~wT. ..~ply +~~h •nJ ab~de h1 each atal erer~ tAe supul~t~.~nc, a~ttemte~s. cond~t~w+s and cr~enamc ~n .~~d p~~wm.~.w~ n.~!e ~nJ ~n tA~. JcaJ .c~ f~w~A. 1~ ~ IA~i d any .a~d swn. o~ m~v~e) Rcrc~n retrrrrd tu be na prompth arW (ull) Pa~d ,.i~h~n i~itceo d~>. ne~t ~tui iRe .sme ~..rraliy S~cawes due ami ps)'ah.c..r d euA and eve~y the ~t~,ulau.xts, ~Rrcemen~v, :•.nd~uon~ and c~~enam~ ~~t .a~d ptwn~.- .w~ no~e ~nd th~a d~ed. ..r e~~her, arc no~ iuii~ pe~Famcd, cwnpi~ed +~tA rnd a~~1ed M, ~he .a~d aR~re~a~e swn mcnu..ncJ ~n .w~d ~x..m~cc.x~ n~~te sAall beiamt dur an.1 pa~~~ic itx~A~~th M therca(tcr •t tAe q+u.m ot ~he \IortRasee as tully ind :on+pir~rlS' as ~i tAr .a~d ~K~reRstr ~wn nt sa~d puxm..~x1 ente ~ac i.nKmally sUpulated to bt pa~d an ~utA d~y. anyth~n` m sa~d ptom~~.ory nntt ~x here~r. ~he .,x•~~,,f> no~auhs~anQ~nR. ~ T`~,< <n .,rSer w rrcNera~e eAe m.iu~~~> ~Ae ~nJeDtedne>c herebf• ce~wed. !~r:ause ol ihc fa~lure o~ ihe \fw~~~~.a pa) any .~c.c..mcnt. I~rMl~t~. a~Al~Eatn.n nc rn:~mA~~nrt u{+.M ~a~d p~~~+er1y. as Atrc~n p+o~~ded. ~t shall not bt nt~t«ar~ .x reQu~s~~e tha~ tAr r,.rrra~ee .Aell f~rct ~+a> tAe .aae. Thr :kxtgagee may, at hes option, and v?ithout wa~v~ng his r?ght to accelerate the indebtedness hereb~~ .c~ured anJ t~~ forecluse the .ame, pay either !?eforc or afte~ delinquency any or all of those certam ubligations req;~:rcd b~~ the terms hereof to be paid by the >Mrtgagot for the protection of the mc~rtgage security o~ for the col- le~t:.~n ~~f the ~naebted~ecc hrreb~~ secured. All sums so advanced or paid by the ~{ortgagee shall be charged ~nto th~ r.n~rtgage account a~J bea~me an inttgral part thereof, sub~ect in all tespects to the tetmc, condition~, and c~~venant. oi the aforesa~d prom~ssoty note, and this nwrtgage, as fuliy and to the same.eztent as though a part ~•t the ~rig~nal indebtedness e.~denced by sa~d note and secured by this mc~rtgage, excepting however, that said .um~ ~halt be repa~d the \1~rtgaget 1'orthw•ith upen its demand and be io addition to the cegular mo~thly i~stall- mtnts pcov~dcd by the mortgagt note. Th~t the abstract ~~r abstracts of title covering the mortgagzd ptuperty shall at all times, during the life of thti. rrx~rtgage, rrmain in ~~~ssass~on of the \lortgagec and in event of the fareciosure of th~s mortgage ar other tran.ftr ~~f u~le tu the mortgaged property in eatinEuishment of the indebtedness secured hereby, all risht, title and ~nterest of the ~tortgagor ~n and to any such abst~acts af title shall pass to the purchaser or grantee. 1. To ~hz ~ctent of the indebtedness of thz Nc~rtgagor to the ~1c~rtgagee described herein or secured hareby. the ~1.~rtgagee ~s hereb~~ subrogatad to the lier, ar lie~s and to the rights of the owners and holders thereof of each and e~~er~• mortgag~. I~en or other incumbrance on the land described herein which is paid and or satisfied, in wh~~ir or ~n part, out ol' the proceeds of the loan described herein or secured hereby, and the respective liens of said m.~rtgagcs. l~ens or other ~ncumbrances, shall be and the same and ~ach of them hereby is preserved and shall pass t~• anJ hr held by the \lortgagee here~n as security for the indebtedness to the !4tortgagee herein described oi hereb~ ~ccured, to the same extent that it w•ould have been pteserved and would have been passed to and been held b. the ~t~~rtsager had it been duly and regularly assigned, transfeRed, set over. and delivered unto the \loct- gagee b~ separate deed of ac.i~nment, notwithstanding the fact that the same may be satisfied and canceiled of •Cloid, il br~ng Ihe ~ntention ~~f the parties hereto that the same will be satist'ied and cancelled ot record by the holders thereof at or about thr time of the recordi~g of this mortgage_ 5_ In the tvent the ownership of the rttortgaged premises, ot any part thereof, becomes vested in a person ~~ther than the \k~rtgagor, the ~tortgagee may. without notice to the ~lortgagor, deal with such successor or suc- ce~sors ~n intrrest with referrr.re to this deed and the debt hereby secured. in the same manner as with the ~tort- g3gor ti~ithout ~n am~ way v~tiating or discharging the !1lortgagor's liability hereunder or upon the debt hereby s~cured. sale of the premises herzb} mortgaged arsd no forbearance on the pact of the 4lottgagee, and no ei- ten~i~~n of thr ume for the pa~•ment of the debt heceby secured given by the ~lortgagee shall opetate to release, dischargz, mod~f~, changc or affect the original liability of the ~brtgagot herein either in whofe or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtodness ot indebted- ness, hawever ~~•~denced, whzther b~• said promissory note or any renewa! or extension theteof or substitute there- for. or otherK~ce. unt~l all such ~ndebtedness shall have been (utly paid. ln ~he e.•ent the mori,~aRo?s sell, conrey or transfer 1he mor~gaged p?emises du?ing the li(e oj ~his mo?h ~ Kq¢e. thcn thts mortgaQe shafl. a~ the option oJ the .11ortRagee herein, beco+re inunediQtely due nnd pa}•able Jor the full sum o( the pr~nc~pol halance mtd inte~est then due. F. The tertns "~lortgagor" and "\lortgagee" w~henever used in this instrument _shall include the heirs, perconal representati~es, successors and assigns of the respecti~e patties hereto. Wherever used the singular number ~hall include the plural and thc plural the singuiar, and the use of any gender shall ~,nclude all genders. S~~tn , seated ~ re ~n e presence of: ` fSeaq ~ "L (Seal) ;,,~4 c ~ J - ~ •-~-c ~ !c ' STATF OF FLORIDA I CnUtiTY OF ~X~~ ( 55 ST . LliC~E ~ Bei~re me persona~ly appeared GRANT HADLEY and ALBERTA HADLEY, h1S wife, ~ tn me Kell kno~-n and known to me to be the i~edividuals described in and who executed the foregoing instrumtnt. ~ and acknowledged before me that they executed the same for the purposes therein exptessed. WITNESS my hand ~ and of[icial seal in the Count~ and State last aforcsaid this 15th Day of February~ 73 ~ , ~ ~ i ~ J•^' y J~sne 30 1975 Notar Publ~c. State of FlOY'idS f~ ' ~ ~1}• Commission Fxpires: y - ~ _ ..si . Y ~ Uj ; . ~ fi~EO n?.: +-Fc~~oEO :Y ~ S~. LJC~E ..OUNTY F~A. ~ f~ P,~" ~C,cTAaS , ^2? ~ 41~ri~• r~ _v1~{1 ~7UR~ pcr{±u- "ri~ 'Ei ~ Ma~t II 4~ AH'73 acRK211 fi~c~14~ L; ~ ~48`7~3 ~ ~ ~ - - _ ~ : r z ~ ~ ~ : ~ : : ~ : . ~ - - 5 '~~~Y~` n~._.~~a~y_ w. ~ . : _ ~ . _ . . _ <<_._ _ _ , _ ti .~____..c~ ~a,.'.~'