HomeMy WebLinkAbout1770 ~ Our file 5-29,143-
thi. m~~ngaKr ~a o~Ar~ u~n.ti~ ui ~itlr lu ihc mu~t~t~rrd ptupcit~ ~n c~unpu~.hment ui ~Ar ~nJM~eJno+. ~ciurrd A~ren). ell f~f~t. utlr
rna ~nierc.t ot tAr ~t~~i!grY~~c ~n rnd W any ~n~uranrr p~~lia~c~ then in lurie .h.U pa.~ in thr rur~hr.~t or run~ce. •
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!Al Tu prnn~m. ..wnpl~ w~th ~nd aMde h~ caih ~nd cvetY ~he c~~puln~un~. •ercem~nt~. cuqd~teum rnd cu~enantc in v~d pn:m~~~ory ~
fl~~t! Jnd ~n th~~ derd .rt IurtA.
1 TAa~ an? .•I .aid +ums ut mona) Ar~t~n rctr~~.d to Ae nut promp~t? +nd fulh Da~d Mithin (dtern dayc ne~t alter
the same .evrrally l+.~umes Jue •~d paYahfe.ix ~f earA ~nd every tAe .e~pulauuns. ~sr~ement~, ~onJUwm and cu~tn~n~~ a( sa~d pro+nis.
say no~e and iM~ dce1, ur e~~Aer, are not (ully perlnrmcd, compl~ed ~~th ~nd aAided A~, 1he .~~d e~egtcda~r ~um menuoned ~n sa~d
prwn~ssa> note ~AaU hec~xne du. and pa~~ble IatAv.~tA ~N the~eafter a~ the op~~on o! ~he \1urtKa~t<e ac full~ and comple~el~~ ac ~f ~he
~a~d a(t~tee~te sum ul ca~J ~+rrKne..~Ky aote ras unR~nall>• cupula~ed to be pa~d un ~ucA dyY. anyth~~~ ~n sa~d ptom~~co~y note or h4rein
t~. thc con~~at> nnt~~tAstand~nE.
1 TAat m order tu rccele~ate the matw~ty u( thr ~edebteilnes+ hercby srcured, becau~e .~1 thr fr~l~rc o( iDe ~Iwt~trg.~r pay any ~a~,
as.e.smem, li~b~l~t~, ,~bliKat~nn .~r in~umbrantt upon ~a~d pu~perty, as he~rm pro~~dcJ, ,t .hal! no1 be nr:e.+.ary or rrQu~sue that th~
mur~Ea~ee .haU hr.~ pay the ~ame.
The ~tortgagee ma~~.~at his opuon, and without ua~~~~g fi~s right to accelerate the indebtedness trYreby
s~rured and to forecl~~se the .ame, pay either beCore or after del~nquency any or aU of those certain obl~gahons
requ~red by the terms hereof to be paid b~ the ~lortgagor for the protectian of the mortgage security or for the cot-
lection ~~f the ~ndebtedness herzby secured. Alt sums so advanced ar pa~J by t~e ~tc~rtgagee shall be charged into
the mortgage accuunt and hecome an ~ntegral part thereof, sub~ect in all respects to the terms. conditionS, ~nd
cavenants o! thr afc~rrsaid promissory m~~e, ~nd this mortgage, as fully and to the same extent as though a part
of the ar~ginal indebtedness ev~denced by said note and secured by this mortgage, excepting how~evet, that sa~d
sums shall be rcpaid the \tortgagee forthwith upon ~ts demand and be ~n addition to the cegular monthly ~nstall-
ments provided by the mortgage note.
3. That the abstract ~~r abstracts of title covering the m~~rtgaged property shal) at all times, during the life
uf th~s mortgage, remain in posxession of the \lortgagce and in event o[ the foreclosure of this mortgage or other
transfer ~~f titl~ to the mortgaged property in extinguishment of ihe indebtodness secured hereby, all right, title
and ~nterest of the \lortgagor in and ta any such abstracts of title shall pass ta the purchaset or grantee.
~3. To the extent of the indebtcdness of the ~lartgagor ta the \lortgagee described hetein or secured heteby,
thr \lortgagee is hereb~~ subrogated to the lien or I~ens and to the tights of ihe owners and holders thereof of each
and even mortgage, I~rn ur other i~cnmbtance on the land desctibed herein which is paid and or satisfied, in
whole or in part, out of the proceeds of the laan described herein ~or secured hereby, and the resp~ctive liens of
said mortgages. liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall
pass t~ and hz held by~ the ~lortgagee hercin as security Cor the indebtedness tu the ;1lortgagee herein described
or hereby secuttd, to the same extent that it would have been preserved and would have been passed to and been
held by the ~1~~rtgagee had ~t been duly and regutarly as~ igncd, ttansferrcd, set over, and delivered unto the ~1ort-
gagee b~ se~arate deed of ass~gnment, notw~ithstanding ihe fact that the same may be satisfied and cancelled of
rerord, it he~ng the ,ntenuon of the patties heretu that the same will bo satisfied and cancelled of record bv the
hoWers thereoC at or about the ume of the recording of this mottgage.
S.. In the event the ownersh~p of the mortgaged premi~es, or any part thtreof, becomes vested in a person
~ other than the ~h~rtgagor, the ~tortgagee may, without notice to the !lloctgagor, deai with such successor or suc-
E cessots in interest ~ith teference t~ th~s deed and the debt hereby secured, ~n the same manner as with the ~t~rt-
( gagor K~thaut in am way vit~ating or d~scharging the ~tortgagot's liability hereundet or upon tht debt hereb}• .
secured. lV~ sale uf the premises hereb~ mortgaged and no forbeacance on the part of the hlortgagee, and no ex-
i tens~on of the time for the payment of the debt hereby secured giveo by the ~~ortgagee shall operate to release,
discharge, modify~, change or affect the orig~nal {iability ot the 1~tortgagor herein either in.whole or i~ part.
~ 6. The t~en of this deed secures and shal) continue to secare Rayment of said indebiedness or indebted-
! ness, however evidenced, whether by said promissory note nr any renew~al or extension thereof or substitute there- '
! for, or otherw~se, u~til all such indebtedness shall have been fuliy paid.
~ 7. In 1hc e~•enl the moit a o?s sell, conve or trnns er the rnort a ed remises dunn the Ii e o this mort-
I RR Y I gg p g f~
E QaRe• then thr~ morlRaRe shall, a1 the option o( the 11ortRagce herein, become immediately due and payuble Jor the
` full sum of the ~r~ncipal halance and inlerest then due. '
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E 8. The tcrtns "'.1lortgagor" and "\lortgagee" u~henever used in this instrument shall ~nclude the heirs,
~ personal representatives, successors and assigns oi the respective parties hereto. Wherever used the singufar '
; number shall include the plural and the plural the singular, an~the use of any gendet shall include all genders.
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~ Signe sealed a el~ red th resence of: -
(Seal)
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` (Sea11
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`E c~c~ ,~1I ~ ~ t r ~-r2_ - "
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~ STATE OF FLORIDA I
x COI,'hTY OF~I~ ~ " '
` ST. ~UCIE
~ Be ore me personaliy appeared ~'RANK B. BALDWIN, Jr. ~ an unmarried m8t1, ~
~ to me well known and known to me to be the individuals descrihed in and who e~ecuted ihe fotegoing ~nstrument,
~ and acknoKledged before me that thty executed the same ~or the purposes there~n expressed. WITNESS my hand
; and ~~ffir~a! seal ~n the ('odnty and State last aforesaid this 24th Day of January, 1974
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~ty Ccxnmission Exp~reti: _ Jucle 30, 1975 Notary Public, State ni ~IOY'id8 , r,~_
~ i1LfC • :~~GURDEO ' ~ . ;
5T LUC4: G::UY1Y FU. r. -'r"~ . G
_,t: TRAS 1,1 ~ ~.,-r •.1
F~i •;,:)~T COURT ~c : . :
Clf- K ~ J .
RF C~1..... r - ~ : v / •
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~ FEe 6 ?2 4s PN'~+~
;~~~13~ do~N 223 o~f17?o ~