HomeMy WebLinkAbout2406 ~ File 5-28,778
ih~. mw~ge~tr ~w ~•~h.~ tran.tc~ ut utlc the mu~tra~ed pope~~> m citm~u~~hment ihe ~ndebiedner~ ~c.wed herehy, all n~~t, utle
and ~nterc<t ..1 IAe Nu~ipa~or ~n and ~o any ~nsuunie pul~c~ec tAen ~n (wre shall pa~s to Ihe purcha~er or ~~an~ee.
(Al Tu prrt~am. ..rnpl? +~~h •nd a~~de b~ each and every lht at~pulatwns, a~reemen~s, cond~t~un. and coven~n~s in c~~d prum~cswy
nutt and in 1M. JerJ 1 to~~h.
1 Tha~ d any uf .nd +um. ut mune~ hrrero rtler~rd to Ae nul ptwnp~lY and (uliy pa~d r~tA~n fduen days nca~ aher
the c~me ceverally ~r.omes Jue and paYable.~x i( each aod every Ihe st~pulauons. a~~eemcn~s, cundN~on. and coren~nts of sa~d pwn~s-
scxy note and th~. Jeed, ur euhcr, are not fully pe~twmed, cumpl~ed ~~th and as~ded ~h~ +a~d aa~rc~a~e +um men~~oned m sud _
pr.um.sor> note sAall become dur and Da>aAle (wtAMUh ir, theresfter a~ the ophon of tAt Nur~~t.~ee as (ully and completely as d the
said a«reRa~e sum of sa~d prMn~~.ury note ~as onpnally supulated to be pa~d on sucA J~Y. anythin~ m sa~d prom~ssory nou or herem
to ~he c~+nua~y notr~thstand~nR.
~ jh~~ ~p order to ~cceleratc ~he matur~t~ o( the ~nJcbtedness herehy secured, be:ause o( the (a~lure of tAe \1o~t~a~o~ ~o pay any u~,
asses:ment, I~rA~l~h, ~~bl~gat~un ~u rn.umh~~nce u~n ~a~d p~ope~tY, as herc~n p~o~~Jed, ~t shall not be ne.e~~ary a reQwsrte that eAe
m~Ktp~ee xhalt (u.~ pay the same.
2. The ~tottgagee may, at h~s opuon, and without wa~ving his tight to accelerate the indebtedness hereby
s«ured anJ to forecluse the .ame, pay either before or after del~nquency any or all of those certain obligations -
requ~reJ by the terms hereof to be paid by the ~lortgagot for the protection of the m~rtgage security or for the col-
?ection of the indebtednecs hereby secured. All cum~ so ad~•anced or pa~d b~~ the ~lortgagee shall be charged i~to
the mortgagr account and become an ~ntegral part thereof, subject in all respects to the terms, conditions, and
cuvenants of the aforesaid prum~ssory note, and this mortgage. as fully and to the same extent as though a part
of the original indebtedness evidenced by saiJ note and secuted by this mottgage. excepting howevet, that said
sums shali be repaid the !~tortgagee forthwith upon its demand and be in addition to the tegular monthly enslatl-
ments provided by the mortgage note.
3. That th~ absttact or abstracts of title covering the rrK~rtgaged ptopetty shall at all times, duting the life
uf this mortgage, remain in possession of the ~lortgagee and in event of the foreclosure o( this mortgage or other
trans[er of t~tle to the mortgaged property in extinguisfiment of the indebtedness secuted hereby. all tight, title
and ~nterect of the \lortgagot in and to any such abstracts o~ titie shall pass to the purchaser or grantee.
To the extent of the indebtedness of the Mortgagot to the ~lottgagee described herein or secured hereby,
the ~tortgagee ~s hereby subrogated to the lien ot liens and to the rights of the owners and holders thereof of each
and every rt?ortgage, lien or other incumbrance on the land described herein which is paid and.'or satisfied, in
whole or in part. out of the ptoceeds of the loan described herein or secured heteby, and the respective liens of
said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shall
pass to and be held by the ~1ortgagee herein as security ~or the indebtedness to the !~lortgagee herein described
or hereby secured, to the same extent that it v?~ould have been preserved and would have been passed to and been
held by the ~lortgagee had it been duly and regularly assigned, transferted. set over. and delivered unto the Mort-
gagee b~~ separate deed of ass~gnment, notw~ithstanding the fact that the same may be satisfied and cancelled of
record, it being the intenuon of the parties hercto that the same v?ill be satisfied and cancelled of recotd by the
hoiders thereof at or about the ume of the recording of this mortgage.
5. In the event the ow•nership of the mortgaged pteroises, or any paet thereof, becomes vested in a person
other than the ~iattgag~r, the ~lortgagee may, withaut notice to the ~lortgagor, deal with such successor ot suc-
cessors in interest ~ith reference to this deed and the debt hereby secured, in the same manner as with the !11ort-
gagor without in an~• w•ay vitiat~ng or discharging the ~lortgagor's liability hereunder or upon the debt hercby
secured. No sale ~~f the premises hereby mortgaged and no forbeatance on the Part of the hlortgagee. and no ez-
I~ tension of the time fot the payment of the debt hereby secured given by the ~lortgagee shall opetate to telease,
~ discharge, modify, change or a[fect the original liability of the ~lortgagor herein ~ither 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 tenewal or extension thereof or substitute thert-
` for, or othervrise. ~ntil all such indebtedness shall have been fully paid.
~ 7. Ire the evenr the mortRago?s sell, com~ey or ~ransJer the mortgaged premises during the life oj this mort-
~ qaQe, then rhis mortgnRe shall, at the option oJ the 11or~Ragee herein, become immediately due and paya6le Jor the
~ full sum oJ the p?~ncipa! balance and interest then due.
~ 8. The tem~s "Mortgagor" and "4lortgagee" whenever used in thi~ insttument shall include the heirs,
personal cepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular
~ number shall include the plural and the plural the s~ngular, and the se of any gender shall include all gendets.
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~ gned, sea an eli ered ~n e presence of: ~l.1Sea~~
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~ STATE OF FLORIDA I. „
~ COUNTY OF~1 `
Y ST. I~UCIE also known as CHARLEY GOLDEN ~ G'f•- ~t6-
= Be ore me personally appeared C~LIE GOLDEN/and ALMENA GOLDEN, h1S wife, ' ~
to me well know~n and known to me to be the individuals described in and who executed the foregoing ~nstrument,
= and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand
~ and off~c~al seal in the C~unt~ and State last atoresaid this 1St DSy of December, 1973
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~1y Commission Expires: Jui1e 30, 1975 Notary Public, State of Flori •
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