HomeMy WebLinkAbout1216 ~ File 5-28,038
notioo tl~creot by awil w tAe Mortg~goe ~nd tAe Morcgagce may make proot of 1~?s ~f the s~me is not made pmmp~ly br ths Matgagor. in even~ ot (as
cloeure ot this mortg~ge or othx transter ot titl~ to t,he mo~~Y~ ProP~Y in estingui~hment ot the iadebcedners seaued hersby. all right. titk ~nd
interost of cAe Mortgagor ia ~nd w any insurance poticies tAea ia torce sAall paas w the purcluser or gn~ces-
IA17b patorm, eompiY with ~nd abide ~y e~cA aad ~wry tAe etipulatioro. ~reemsnts. conditions wd oowaanta in said promiswry oote ud in t!w
dssd sst torth.
1 i17l~at it u?y of said sums ot money herein re}erred to De not prumptly and tully p~id ~ithin nfteen days ~t ~her Lhe same ~everally
beeomes due and pay~bb. or i( each aad evQy the stipulations. ~Siee+nents. rnnditioro and oo~rtints of wid promiseory ooce tl~is deed. ar eitAer. aro
not tulky p~tormed. camplied wrich ~nd ~bided by. tAs a~id ~ggregate sum mcatio+?ed ia said promisyory note nAall beeoine due aad p~y~DM forthwiW or
thereafter at tAs optaa ot tbe Matgagee a~ fully and completdy it tAe said aggrcg~te sum ot said promiaaory note ~ras originally st~pulated tu be paid
on auch day. anything in s~id promissory mte or 6erein co the toatnry not~rithstan~ag-
1j171ut ?n order w acceknte the maturity o( the iadebtedneee Aereby ~ecvred. beuuse oi the tailure ot the Mortgagor to paY any tu. as~esanent, li~b~6-
tY. obligation or env u~brance upon said propeRy. as hetein pro~ided. it shall not be neoe~~ry or requi+ite that the awttg~gee sAall Cust p~y the wioe.
2. The Mortgagee may. at hIs option, and without waiving his right to sccelerate the iadebtedneea hereby secured
and to foreclose the same. pay either before or efter delinquency any or all of those oertain obligationa required by the
terms hereof to be paid by the Mortgagor tor the protection of the mortgage security or for the collection of the indebted-
ness hereby aecured. All sums so advanced or paid by the Mortgagee ahall be charged into the mortgage aocount and
become an integral psrt thereof. aubject in all respects to the terma. rnnditions. and covenanta of the aforeaaid promis-
sorv aote, and thia mortgage, ae fully and to the same extent as though a part of the original indebtednesa evidenced by
said note and secured by this mortgage. ezcepting however, that said sums shall be repaid the Mortgag~ee forthwith upon
its demand and be in addition to the regular monttily instaWnents provided by the mortgage note. ;
3. That the abstract or abstracts of title covering che mortgaged property shatl at all timas. during the life of Lhis ;
mortgage, remain in pos~ession of the Mortgagee and in event of the forecloaure of this mortgage or other transfer of title
to the mortgaged property in estinguishmeat of the indebtednesa secured hereby. all right. title and interest of the Mort• ;
gagor in and to any auch abstracta of title ahall paas to the purchaser or grantee. ~
4 T~ the e:t+enL~ s of the Mort r to the Mortgagee dexn'bed hereia or secured hereby. the
Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners an o era ereo o eac a e
mortgage. lien or other incumbrance on the land described herein which is paid and/or seti~fied, in whole or in part. out ~
of the pcnceeda of the loan deacribed herein or secured hereby. and the reapective liena of said mortgages. liens or other '
incumbrancea. shall be and the eame aad each of them hereby ie preserved and ahall pass to and be held by the Mortgagee
herein as secnrity for the indebtedneaa W the Mortgagee he~ein described or hereby secured. to the same ertent that it
aould have been preserved and would have been paseed to and been held by the Mortgagee had it been duly and regularly
asaigned, transferred. set over. and delivered unto the Mortgagee by sepacate deed ot aasigna~ent. notwithetanding the
fact that the same may be satisfied and cancelled of record, it being the intentioa of the partiee hereto that the same will
be satisfied and cancelled of reoord by the holders thereof at or about t~ time of the re~cording of t6is morCgage.
5. In the event the owners6ip of the inortgaged premiaea. or any part thereof. becomea vested in a peraoa other
??.e.. ~1... ld...a..e~wn~ tlaa ~fn~eenes ~nsv arifl~nnt nAfinO fff f.IfA MAV'~.OAOAr. fI~ WILII Ail `l~l SUCC$8SOr OC SUCCBd~OrB III lII•
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terest with reference to thia deed and the debt hereby secured. in the same menner as with the Mortgagor without in any
way vitiating or discharging the Mortgagor'a liability hereunder or upon the debt hereby secured. No eale of the premiees
hereby mortgaged and no forbearance on the part of the Mortgagee, aad no e~ctension of the time for the payment of the
debt hereby secured givea by the Mortgagee shall operate to release, discharge, modify. change or affect the originsl lia-
bility of the Mortgagor herein either in whole or in part.
6. The lien o~ rhis deed secures and shatl contihue to secare payment of said indebtedness or indebLedness. however
evidenced, whether by said promissory note or any renewal or eztension thereof or substitute therefor, or otherwise,
; until all such indebtedness shall have been fully paid.
i 7. In the event tl+e mortgagors sel~ conuey or transfer the mortgaged pnernises during the life of this mortgage,
; then this mongage shaU, at the option oj the Mortgagee herein, 6ecome immediately due and paya6le jor the full sum of
` the principa! balance and interest then due.
a 8. The terms "Morigagor" and "Mortgagee" whenever used in this instrument shall include the heirs, per-
~ sonal representatives, snccessors and assigns of the respective parties hereto. Wh ver used the singular autnber shall
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~ i~clude the plural and the plural the singular, and the use of any gend s all genders.
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" S' . sealed a eli ed presence of: 1 Seall
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~ 'l~ ~ 1 Seal l
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~ STATE OF FLORIDA
ss
- _G4IINTY.....OF_~~__ _ _ _ . _
^ ~ GAUTIER and CARRIE GAUTIER his wif e _ ~ ' -
~ Sefore
me
plerEsonally appeared .T . .T . > >
~ to me well lmown and known to me to be the individual described in and who ezecuted the foregoing instrument, and
~ aclmowledged before me that they execut.ed the same for the purposes therein ezpressed. WITNESS my hand and
official seal in the County and State last aforesa'.d this 25th Day of August, 1973
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My Commission Espires: JuRe 3O~ 1975 Notary Public, State of ?~A'~i a ;
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F~LED Ah;, aF,CC~[t "
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~ ~I`.LUCIE :.OUIFIr~. L;7. : ' 1 (?F
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;R~ CIE~!( C~;,CUIT ~W~l1~ ` ~ ~ ti':.::: .:~••~ti.t•. :
~ RFCCRC V~"'j~Ea~r~ 263190 .
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= S e r_ s P m BooK 218 P~~E1215
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