The URL can be used to link to this page

Home My WebLink About1488 File 5-27, 562 ~h~. mur~~a~e~ ~K o~her Itansle~ o( htle to thr mort~a~ed popar~y ~n etuniwshment ot ~he ~nde~tedness secu~ed hereh~, ~II n~h~, ~~tle acW ~merc+~ tAe Mo~i~a~w ~n .nd ~o any ~nau~ance pofic~es ~htn in (orce sl~all pass to ~he pwchase~ a ~nmee. Ih? t.ti prn~wm, c.xnplY +~~~h snd aa~de Ay each a~d rvery IAe aupulat~uos, s~reements. cond~hons and covenanta ~n aud prom~..or~ no~t rnJ in ihi. deed set forlh. 1~ ~ Tha? i( any ~~1 ~a~d sums o1 money herr~n re(rrrcd to be not promp~lY and (ully ps~d ri~h~n fd~cen day~ ne~t after ~Ae came ~rve~ally btcomes dut and payahle,cw each and everY tht sUpulauons, aRteementa, c~~nd~UOnc covtnan~s o( +a~d p~um~c- ,.rv note anJ th~a deed, or e~~her, are not (ully per(otmed, comDl~ed ritA and abided hy, ~ht sud a~' eR~~~ swn meeuoned ~n s~~d ~r.,m~cccx~ note shall became due and pa~v~le (ath~ith cx IAerea(ut ~t the opunn of Ihe \1ort~a~et ss (ully and completely as i( the .a~d aK~rtRatt sun+ o( aa~d {x.xms~ory nnte ~ar on~~na11Y supulated to be pa~d on sutA daY. anythmi ~n sa~J promis~orY note or here~n U~r .~,n~~ar~ nm•~~thxlandmE. 1i 1 Thet ~n ~rder to ac.ele~~u the mawr~~y u( the ~ndebtedness hereby aecuted, because o( the failure o( the \1atEa<<„ pay anY ,~c.c~,ment, lu~~lu), c+bl~[~~~~+ M encumbranct upun said p~operty, ss here~n prov~ded, sAall not be ~ecessary a requ~s~~t tha~ tAe m~a~R.~Kte cAall fust ~+ay 1Ae sams. Thr \lottgagez may, at his opt~on. and without waivina his right to accelerate the indebtedness hereby .crured anJ to foreclose the same, pay either before or after delinquency any or all of those certain obligations requ~red by the terms hereof to be paid by the \lortgagor for the ptotection of the mortgaae security ar for the col- Irction ~~f the ~ndebtedness heraby secured. All sums so advanced ot paid by the !Nort`a~ee shall bo charged into the m~~rtgage account anJ become a~ integral part thereo[. subject in ali respects to the terms, conditions, and r~~vtnants of the afaresaid prom~ssacy note, and this mortgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting howevec, that said cur?m~ ~hall bc repa~d the ~lortgagee forthwith upon its demand and be in addition to the resular monthly install- ments provided by the mortgage note. l. That the abstract or abstracts of title covering the mottgaged property shall at all times. during the life ~•f th~. rtx~rtgage, remain in possession ot the Mortgagee and in event of thc foreclosure oE this mortgage or other tran~frr of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all riaht, title and ~nterest of the \lortgagor in and to any such abstracts of title shall pass to the pu~chaser or grantee. To the extent of the ~ndebtedness of the Mortgagor to the Moctgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien ot liens and to the rights of the owners and holders thereot of each and eve:~~ mortgage, lien or other iocumbrance on the land described herein which is paid and!ot satisfied. in whole or ~n pa~t, out of the praceeds of the loan described herein or secured hereby, and the respective liens of said mortgages. liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the Mottgagee herein described or hereb~• secured, to the same extent that it would have been pteserved and would have beeo passed to and been held by~ the ~t~~rtgagee had it been duly and regularly assigned. UansCened, set ovet. and delivered unto the htort- gagee b~ separate deed of assignment, notwithstanding the (act that the same may be sstisfied and cancelled of record, it being the intention of the parties hereto that the same will be satiafied 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 of the mortgaged premises. or any part thereof, becomes vested in a person other than the \1c~rtgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest with teference to this daed and the debt heteby secured. in the same manner as with the Atort- gagor ~~thout in an~• vvay vitiating or dischatging the Mortgagor's liability hereunder or upon the debt hereby secured. ;Vo sale of the premises hereby mortgaged and no forbearance on the pact of the Mortgagee, and no es- tens~on o[ the time [or the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, mod~fy, change or affect the original liability of the Mortgagot 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 extension thereof or substitute~there- j for, or otherw~se, until all such indebtedness shal) have been fully paid. ~ ~ 7. In rhe e~•ent the mortRagors sell, co?+vey o? transjer the mortgaged p?eraises du?ing the liJe oj this mo?t- ; gaRe. [hen th~s mortgaRe sholl, at ~he option oj the bfortgagee herein, beco?r.e inunediately due nnd payable Jor the ~ full sum oJ the principal 6alance and interest then due. ~ 8. The terms "Mortgagor" and "hlortgagee" whenever used in this insttument shall include the heirs. per~onal representatives, successors and assigns of the tespective patties hereto. Whetever used the singular number shall inclode the plural and the plural the singular, and the use of any gender shall include all genders. ' . Signed, se e and delivered e pr ce of: ' ~L"~ (Seal) ~ ~ LI.- " (Seal) -~-y~~~~- _ : ~L_~• ,~c ~ (Seal) - ~ STATE OF FLORIDA ~ His Mark (Seal) couNTY OF~ ~ ys ar i erguson ST. LUCIE ALFRED LEWIS and AMMIE LEWIS~ his wife, Also CHARLIE Be[ore me personall a eared ~RGUSON and OLA FERGUSON h1S wife, formerly known ~ Y pp as OLA JOHNSON, as,their ~nterest may,appear to me well know~n and kr.own to me to be thc individuals describtd ~n and who executed the forego~ng instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 7th Day Of .Tuly, 1973 y,~;~t~l:{:~t:7~~~~ , f/ ~`4 q~ . ~ ' ~t cP . . ~ ~ ~ ~.~~~A'i.? '~~-5 ~ . . ~ ' • :~S ~1y C~xnm~ssion Exp~res: Ju11e 30, 1975 Notary Public. State of ' ` ~ - ~b " - . . _ _ ~ _ " •:L- ; _ = : G ~ ~ - ~ ~ . ~~.n,~3 , ~ f' a ''~h fi , ~ - ~iA~ ~ ~ t~S ~ ~ aQ ~ < <1489 :~~R F.r. ~ _ ~ ~ _ ~ , _ _ ~ ~ _ _ . x-_~,:~