The URL can be used to link to this page

Home My WebLink About0896 File 5-27,466 ~h~~ mu~~~taKc ~•1hr~ uan.Ir~ uUr ~u ~hc mw~~ricd prope~ly ~n eaun~u~+hme~t ut ihr ~n~eAtednc+s ~ecuted hcreb), •11 r~~h~: utlt rn.f ~ntcce.t ut eht \lurtraRw m and tu ~n~ ~nswance pol~c~ec ~Aen ~n lurct shsll pa~s to ~Ae purah~~et or ~umee. fht Tu prN~rm, a.rnpl~' r~~lA •nJ ?l.~dc by ea.A ~nd every the cupul~~~ons. •peeen~nts. cund~u~.n. and c~~enannc ~n ~~~d prum~asury nott and m 1h~. drrJ .r~ t~u~A. 1 That ~t any o( .~~d sum~ ul munr) hrre~n rc(ertrd to be nut prumplly •tW (ully pa~d ~uh~n hftern days ntat aUcr ~he same scvrrally he~umes Jue •nd payabfe,ix ~f eych and every the s4pulahons, a~reement~, r~~rtd~tu~n~ and covcnsnts ot sa~d pran~x- scxy no~e anJ Ihis Jrrd. or ruher. are not (u11Y per(ormcd. cumpl~ed r•~~A and ab~ded by, tAe .~~d eR~re~a~e swn menuoned m sa~d ~wmssix) note shall bec.xne due and pn~hle (m~A~~th ur tAereat~er a~ lht opuon o( ~Ae ~tortRa~ee as fully •nd complel~ly as iI ~Ae w~d as~teRatr sum of vr~d pr~un~.wr~• no~e ~~ac onsmall>' ~upulatrd ~o be pa~d on cu:A d~Y. anytAmR ~n sa~d proen~sso~y note or here~n tu the c~uu~uy no~~~lAsland~nR. U 1 Tfiot ~n ~vder tu ac.ele~atr tAe ma~un~y ot ~ht mdcbte~ness hereny .ecured, b~cause ui ~he fa~lure o( the \{wtsa~oi ~n OaY ~~Y rs.e.+ment, I~ab~1~t>, nA1~Kat~i~n ~•r rn.umA~ance upiM +a~d p~opet~y, as he~r~n pror~dod, shal! not be ne.e~~ary or reQwsue that the murtEaRee shall fer.~ paY ~hr same. The ~tortgager may, at his ~~ption, and without wa~v~ng his right to acceletate tht indebtedness hereby .ecured and to forecloae the ~ame, pa~• eithet before ot after delinquency any or all af those co~tain obiigations requirrJ by the terms hereof t~~ he paid by the ~lartgagor for the protection of the mortgage securiry or for the col- Ir~tion nf the ~ndebtedne~c hereb~• secured. All ~ums s~~ advanced ot pa~d by the ~tortgagee shall be charged into the murtgage account and became an integrai part thereof, sub~ect ~n al! respects to the terms, conditions, and cuvenants ot thr afc?resa~d prvm+ssu~y note, and this mortgage, as fully and to the same extont as thou~h a patt of the original indebtedness evidenced by said note and secuted by this mortgage, eacepti~g howevet, that sa~d sums shall be tepaiJ ~hr \lortgagee forthwith upon its demand and be in addition to the regular monthty install- ments provided by the mottgage note. 3. That the abstract or abstracts of title covering the me~rtgaged property shall at aN times. dunng the lite uf tl~is m~~rtgage, temain in ~x~ssession of the ~fortgagee and in event of the foreclosure of ~this rt~ottgage or other transfer ~f title to the mortgaged propetty in extinguishment of the indebtedness secured heteby~ all right, title and interect of the \lurtgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. To the extent of the ~ndebtedness of the M~~rtgagor to the \tottgagee desctibed hetein ot secured heteby, the \lortgagee is hereby subrogated ~o the lien or liens ar~d to the rights of the awners and holders thereof of each and every mortgage. tien or other incumbtance on the land deseribed herein which is paid and ot satisfied, in whole or in part. out of the proceeds of the loan describcd herein ot secured hereby, and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them heteby is preserved and shall pass to and he held by the ~k~rtgagee herein as sacurity fot the indebtedness to the ~lortgagee herein desctibed or hereb~• ~ecured, to the same extent that it w•ould have been preserved and would have bten pass~d to and beon held by the \lortgagee had it been duly and reguiatly assigned, tra~sfetted. set over, and delivered unto the Mort- gagee b}~ separate deed of ascignment, notwithstanding the fact that the same may be satisfied and cancelltd of record, it beiog the +ntention of the parties heteto that the same w~ill be satisfied and cancelled oi' recotd by the holdets thereof at ~~r about the t~me af the recording of this mortEage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \k~rtgagor, the ~tortgagee may, without notice to the !1lortgagor~ deat with such successor or suc- cessor~ in interest Nith refere~ce to this deed a~d the debt hereby stcured, in the same manner as with the ~tort- gagor ~~thout ~rt an. Hay vit~ating or discharging the ~lortgagor's liabiliry hcreunder ot upon the debt hereby secured. No sale af the premises hereby mortgaged and no forbeacance on the part of the Rlottgagee, and no ex- tension of the time [or the pay~ment of the debt hereby secured given by the ~+lottgagee shall operate to release, d~scharge, mod~fp, change or affect the original liability af the ~Sortgagor hetein eithet in whoie or in part. 6. The t~en uf this deed secures and shall continue to secure payment of said iadebtedness ot indebted- ness, howerer evidenced, whether by said prumissory note or any renewa! or extension thereof or substitute there- for, or othetw~se, until all such indebtedness shall have been fully paid. 7. In tl:e P~•ent the mortRago?s sell, con~~ey or transJer the ~nongaged premeses du?ing the liJe oJ this mor~- ~aRe. then this mortRaRe shall, at !he oplion of !he AlortRagee herein, become i~nmediately due and payable jo~ ?6e Ju1l sum oj Ihe pnncipnl twlance and interest then due. 8. i'he terms "Mortgagor" and "\lortgagee" whenever used in this instrument shall includt the heirs, persoaal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, an use of any gender shall include all genders. i - 4 ' i ~ ~f, 7 ; S~gned sealed an el~ red ~ resence of: tSeap ~ ~ • ~ ~ ' ' - (Seal) ~ ~ ' i. r- ~ _ } f_ s ~ ; , , t . - f ` STATE OF FLORIDA I i COL,NTY OF~EXX ~ 's ~ ST~e~.UC~IE rsonally a F pe ppeared DAN JONES, JR. and DOROTHY A. JONES, hi~s wife, to me weil known and known to me to be the individuats described in and who eaecuted the foregoing insuument, and acknoN{edged bef~re me that they executed the same for the purposes therefn expressed. WlTNESS my ha~d_, i and offtc~al seal in the County and State last aforesa~d [his 23rd Day of June, 1973 - ~ _ _ . ~ `~~,~u.i~u.a~~,. r. ~ ~ f j ,~f ~ ; `1 1 _ . . June 30 1975 ~ ~ ~ _ ~ ~1y Commission Expires: ~ Notaty Public, State of F10_r1~#t Srl - = = • • = . ; - e ; i ` ' . : • i i ~1 ~ " ~°c~ ~~i~~~~i~~~•?~~~~•~` . i~~,'' ~ ~ . ~/~r~?rn:,.:..••' t r~ r ~ ?~0~ r~~: ~J~ ~ , y _ ~s ~ ~ ~ ~ = ` ~ - _ _