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HomeMy WebLinkAbout1015 + File S-~,283 ~h~~ ~nar~Ya~t ~x ~uRer uaosfe~ of Utle w ~he murtjsaed poperty ~n eaun~u~sAment o~ the ~ndebtedness sccwed Aercby, ~U r~~h~, ~~tir amf ~ntere.~ .~t tAt Alotip~ot ~n and to any mswance policus tAen m(orce sh~ll paxs to tAe purcAsse~ or traniee. S (A1 To periMm, c~xnply +~uA and •b~de tiY tach and every tAe supulat~ons, aircements, co~du~ons and covenams ~n c~~d prom~csory noie ~nd m ~hi. deed ~e~ (o~ih, 1~ 1 Tha~ any of sa~d sums ot mooey hert~n a(trred lo be not promptly and (ully pa~d ~•uA~n (dteen J~ys neKt a(~er ~Ae came seve~ally becomes due ~nd pay~Ale,or ~f each and ere~y the supulat~ons, a~reements, condu~ona snd covenants o( sa~d prom~~- sorY note and th~s ~eed, or euher, are no~ (ully pe~tormed, comphed ~r~~h and abided by, ~he sa~d ass~epte sum menuoncd ~n sa~d prom~ssw> oote shali become due anJ pa>~able (nrthr~~h cx the~ea(te~ at the o{+aoe ot tAe .llo~tp~ee as lully aod comple~ely as d thr :a~~ ~RSre~ate swn o( sa~d p~om~s~w) note ~•as on~~nally supulated to bc pa~d on such daY. ~nyth~n~ m s~~d pranissory nou or herc~n t.~ the iontun notyuhstandm~. 1~ ) Tha~ m order to accele~ate the mawnty of ~h: ~ndebtedness hercby secured, btuuse o( the ta~lure of tAe Matpsor tu pay any taa, ac,e.>ment, I~ab~luy, oAli~auon ~M encumb~ance upon sa~d property, as hcrem p~ovlded, ~t shsll not be nccessary or reQwsile tAat ihe monpaRee chall (ua~ psy the same. The \iortgagee may, at his opt~on. and without waiving his right to accelerate the indebtedness hereby ~ecured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereo[ to be paid by the Nortgagor tor the protectio~ of the mc~rtgage secutity or for the col- lection ~f the iodebtedness hereby secured. All sums so advanced or paid by the ~lortgagee shall be charged into the mortgage account and become an integral part therea[. subject in all respects to the terms. conditions, and cuv~nants of the aforesaid promissory rtote, and this mottgage, 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 however, that said sum~ ~hall be, repaid the ~lortgagee forthwith upon its demand and be in addition to the regular mo~thly instail- ~nents provided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times, during the life of thi. mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and ~nterest of thc ~lortgagor in and to any such abstracts of title shall pass to the puichaser or grantee. ~t. To the extent of the indebtedness of the Mottgagor to the Mortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every morfgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in whole or in part, out o[ the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the \tortgagee herein as security for the indebtedness to the hlortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the \tortgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being thz intention of the parties hereto that the same will be satisfied and cancelled oi recotd by the holders thereof at ar 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 ~lortgagor, the ~tortgagee may, without notice to the Mortgagor. dea) with such successor or suc- cessors in interest K~ith reference to this deed and the debt hereby secuted, in the same manner as with the h1ort- gagor N~thout in any way vitiating ot discharging the Mortgagor's liability hereunder or upon the debt hereb~ - securcd. No sale of the premises hereby mortgaged and no [orbearance on the part of the Mortgagee, and no ex- tension of the time f~r the payment of the debt hereby secured given by the Mortgagee shall opetate to release, discharge, modify, change or affect the original liability of the ylortgagor herein aither 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,,w~hether by said promissory note or any renewal or extension thereof or substitute there- i for, or otherv?~se, until all such indebtedness shall have been fully paid. ~ 7. /n the e~•en~ ~he mortgogors sell, convey or transfer ~he mo?tgaged premises during the lrJe oj this mort- ~ Rage. then this mortgage sha/l. at the option oj the Afortgagee he~ein, becorrie inimediately due nnd paya6le Jor the i full sum oJ the principa! bolance and interest then due. ~ 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this insttument shall include the heirs. ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular : number shall include the plural and the plural the singulat, and the use of any gender sha{1 include all genders. ~ e ~ t ~ Si ed, seated a e" re n th presence Bf: v`, ~ ~ c„~~~Seal) ~ ~ (Seap ~ t ~ ~ ~C-~GCi~' • ~ ~.f-L L~2 ~ ~ STATE OF FLORIDA I COUNTY OF~ ss ~ ~ S~.~~ LUme personally appeared OSCAR KLECKLEY and IRENE KLECKLEY ~ his wife ~ ~ to-me well knovm and known to me to be the individuals described in and who executed the ioregoing 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 29th Day of September, 1973 ,~at.. - _ ~ ,a _ - . ~1y Comm~ssion Expites: ~ 1975 Notaty Public. State of F~,Qr1~8"'d~~ ' - _ _ r • „ i~E AM~ H~„ f~'' ~ " x A ~T, ~~E Cww~ R~ t ~ : ~ • ~ ~ ' ~ - ~ ~OC{R ?OITRAi i _ . ~ ,.o ` Ct[RK CiRCUIT CQ~IRT ~ • : . . - - '7~ .s,. . - RE~pao vE~~F~EQ . • 2 PN'73 . , ~ j ~ p~ y ~s ~v= 265~?-33 BooK2~9 ~cE~~~~J . . , ~ ~ y..: ~ - f M~~ ' ~`~,2:"`-°'y.F_~_...~ . ` t;S .~~~v~'.