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HomeMy WebLinkAbout2115 tA~. m~~n~arr ~x atAer trans(e~ n( ietle tu ~e mortrs~ed proptrty ~n eauo~u~sAment o~ the ~ndebtedness atcwed Aerehy, ~11 ~~sht, ~~ilt rnd ~nieresi ui ~Ae A1ort~a~w ~n ~nd to any inawance pol~c~es lhen ~n torce shall pass to the purchase~ or ~~an~ee. (ht To per(nrm, .wnply ~~th and •bide by each and every tAe shpuls~ions, a~roements, condibons and covenants in caid promiccor~• note and +n ih~. deed set forth, 1 Ths~ ~f any o( sa~d sums o~ mane) herem refrtred to be not promptly and (ully pa~d ~uh~n fitteen days ne~t alte~ ~Ae came .cveraliy becomes Jue and pay~hle,or J each and eve~y the st~pulaUOns, s~reements, c~,nd~uons and covenao~s ot +a~d prwms- ,~xy nate and ihu deed, o~ euher, are no~ (ully pcr[ormed, canD~ud ~~~A and ao~ded by, ~Ae said a`{re~a~e sum menuoeed ~n s~~d • ~om~ssw> note sAali brcane due and pa>a~le t«tA~~th or thereafu~ at the ophon o( the tilon;a~ee as fully and compl~tely as ~f thr :aid ap~re~ai~ .um ot said prom~.wr>• notc rvs onr~naUy shpulated to be ps~d on such dry, anyth~n~ ~n sa~d prom~ssoty nou or herem t.. ~he comr~~~ not•ai~hsta~d~nR. 1~ 1 Tha~ ~n ~~rder to ac.Nerate tAe maiunty u( the mdebtedness hereDy secured, because o( the (a~lute of the INw~Ra~o~ ~o pay any ~aR, es.e.~ment, lubil~ty, obl~sahon ~x encumMance upan sa~d praperly, as here~n prov~~led, u shsil not be neces~ary or requ~sut that the mo~iEa~ee shall tust pay the same. Thr \lortgagee may, at his opt~on. and without waiving his right to accelerate the indebtedness hereby ,erured and tu forecluse the same, pay either before or after delinquency any or al! of those certain ohligations rrqu~red by the terms hereof to be paid by the Mortgagor for the protection of the mc~rtgage security or for the col- lection of the ~ndebtedness herzby secured. All sums so advanced or paid by the Mortgagee shall be charged into the m~~rtgage account and become an integtai part thereaf, subject in all respects to the terms, conditions, and cuvenants of the afotesaid pn?missory ~ote, and this mortgage, as fully and to the same extent as though a part o[ the originat indebtedness evidenced by said note and secuted by this mortgage'. excepting however, that said sumc .hall be repaid the ~lortgagee forthwith upon its demand and be in addition to the regular monthly install- mznts provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the tife of thi~ mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mottgage ot other ;~~ns!'~: of t~s!P !o !he n!c?rtgag~d pro~etty in ext~nguichment of the indebtedness secured hereby, all right. title and ~nterest of the 1~lortgagor in and to any such abstracts of title shall pass to the puichaser or grantee. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the \tortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the la~d described fierein which is paid and!or satisfied, in v?~hole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said morcgages, liens or other incumbrances, shall be and tht 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 Mortgagee herein described or hereb~• secured, to the same extent that it would have been pceserved and would have been passed to and been held by the \lortgagee had it been duly and regularly assigned, transfened, set over, and delivered u~to the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled ot' record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of recotd by the hoiders theieof 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 tha~ the ~lottgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successot or suc- cessors in interest K~ith refetence to this deed and the debt heteby secuted, in the same manner as with the Atort- gagor w~thout in any way vitiating or discharging the Mortgagot's liability hereundet or upon the debt hereby secured. No sale of the premises hereby mottgaged and no forbearance on the part of the Mortgagee. and no ex- tensi~n of the time fur the payment of the debt hereby secured given by the Mortgagee shall operate to release, ` discharge, modi[y, change or affect the original liability of the Mottgagot 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, w~hether by said promissory note ot any renewal or extension theceof or substitute there- ~ for, or otherv?~ise, until all such indebtedness shall have been [ully paid. ! 7. In the e~•en~ the mortgagors sell, convey or transjer the morlgaged premises during the liJe oj this mort- : Rage. then this morlgage shall, at !he op~ion of [he Afortgagee herein, becon:e inunediately due and payable jor the ~ ~ Jull sum oJ the pr~RCipal batance and interest then due. ~ 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular ; number shall inctude the plural and the plural the singulat, and the use of any gender shall inclode all genders. " ~ ~s/ ~ gned, se deliv ed in the presence of: ~iu-~ ~~,Yt_7,4.% tSeal) ~ ~ (Seal1 ` ~ ~ ~ t...~. c_/ ~ ~ ` ~ ~ STATE OF FLORIDA I '2 ~ s s COUNTY OF ~(?~C • ~ S~eforeUmolpersonally appeared CLINTON HARRIS, an unmarried man• and JUI~IA HARRIS, an ~inmarrie woman, ° to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same for the purposes therein ezpressed. WITNESS my hand _ and official seal in the County and State last afotesaid this LSt Day Of November 1973 .y . x:= ~3 ~ ~ ~uu.irrrr,~ • a:3 ~1y Comm~ssion Expires: JUri@ 3O, ~.975 Notary Public, State of Florida L Q,- ~ f_u ! Y ~ y. : - 't~ ~.~~?CCED d u~ l -'»K. ~ F1lEG +K.r y~~H~~ ^`A ~~•.J~ i ~ r ~t• ~~i ~ ^ _ ~ .W~~~ ;tRA~,1o ~ C.~,1•`C ~ .~J`~ y~V^~~~ i ~S~-'• . ~ •f ? ^ ~ ~ 4',' ` ~ L•L "~r~J~ / ~ i •~ji tr~-~Se~~+`1t~. C f t. ~ • - •~~~~57~~••~~~~;~~~ ~~.t... ~ 50 Q ~ b,, , , . ~0~ 8 600K~~ PAGE~~~ . :~d T~ ~ _ - : =