The URL can be used to link to this page

Home My WebLink About2563 Our File 5-30,187 ~h~. mouKaKr w u~Ar~ ~~an.(r~ ~~I wir ~u the mot~Ka~cd pto~r~y m caun~w~AmeM u~ thc indeb~ednec~ .e.ur~d Ae~e~Y. •II n~h~, utle and ~me~est ut Me \1~a~~a~w ~o snd to ~n~ ~nsurance pol~c~ec ~hen ~n (~ce .hall pa~s ~o tAe pu~rhase~ or Rran~ee. lhl T.. prr~wm. <<wnply w~tA •nd ab~de by tach and everY tAe ahpulaUons. a~rtemen~s. condu~on~ and coven~ntc ro s~~d p~um~~~ory no~e and ~n ~h~. decd .e~ (~NtA. . l~ 1 That any ot .~~d sum. ul m~~ncy Acrc~n referrrd tu bt nut prwnD~IS' anJ fully paid ~uhin (~heen days neat atie~ the same severally bccnmes due and paYaAle, ix d eacA and erery tht shpulatioes. a~reements, ..~nd~uuns aed cavenan~s oi sa~d ptum~s- swy note and ~hu deed, ur e~ther, ur not (ully perfamed, compl~ed ~itA and ab~ded by. ~he .ud aR~res~le sum menuoncd m sud pwmssory note shall becwne dut and pa>able (orM~~th a IAe~estur a! the opl~on o( tAe \lortra~ee ss tully and completelY as d the .a~d a~pe{a~e sum of sa~d ~ucxo~~.ixy note wss on~~na11Y supula~ed to be pa~d on such d~Y. anythin~ m sa~d prom~ssory no~e or Ae~e~n tu Iht c~nlrary nut~uhstand~nR. ~ ) TA~t ~n o~der ta .?ccele~atr ~Ae mawnty ot tAe ~nJebtedness hereF~y cecwed, hecause ul the fa~lure o( tAe \lo~tgr`u~ io pay any u~. acse.smen~, I~aA~l~ty, ubl~gauon or .ncumbrance upon sa~d ptopetly. as hercm prov~ded. ~t shall no~ be ne.e.~ary a requ~cuc iha~ the mo:tsaRee chall fust psy the same. 2. The ~lottgagee may, at his option, and without waiving hic right to accelerate the indebtedness hereby ~erured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the ~lortgagot fot the ptotection of the mortgage security or for the col- lection of thz indebtedness hereby secured. All sums so advanced or paid by~ the 4k~tegagee shall be chatged into the mortgagr account anJ becnme an integral part thereof, sub~ect in all respects to the terms, conditions, and cuvenants of thC aforesaid pmm~ssory note. and this mottgage. as fully and to the same extent as though a part of the original indebtedness evidenced by saiJ note and secured by this mortgage, excepting however, ihat said sums shall be repa~J the 1lortgagee forthwith upon its demand and be in additio~ to thz regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of titfe covering the mottgaged property shall at all times, during the li(e uf this rtx~rtgage, remain in possession of the 4lortgagee and in event of the foreclosute of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the lfurtgagor i~ and ta any such abstracts of titie shall pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the ~tortgagee is hereb~~ subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, I~en or other incumbrance on the land described herein which is paid and:'or satisfied, in whole or in part, out of the proceeds of the loan described herein or secuted hereby, and the taspective liens of said mortgages, liens or othet ~ncumbrances, shall be and the_same and each of them heteby is presetved and shall pass to and he held by the A1ortgagee herein as security for the indebtedness to the Mortgagee herein desctibed or hereby ~ecured, to the same extent that it would havo 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 the intentian of the patties hereto that the same will be satisfied and cancelled of recotd by the ~ holders therco( at or about the time of the recording of this mortgage. 5. In the e~ent the ownetship of the mortgaged premises, or any part thereof. becomes vested in a person othet than the tlortgagor, the \lortgagee may, without notice to the Mottgagor, deal with such successor or suc- cessors in interest Kith reference to this deed and the debt hereby secured. in the same manner as with the 11ort- gagor without in an}• v?•ay vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeazance on the part of the !Nortgagee. and no ex- tension of the time for ihe payment of thc debt hereby secured given by the Nortgagee shall operate to release, j discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. i 6. The lien of this deed secures and shall continue to secure payment of said indebtedness ot indebted- ~ ness, howevet evidenced, whether by said ptumissory note or any renewal or extension thereof or substitute there- E [or, or othetw•ise, until all such indebtedncss shall have beeo fully paid. € 7. In the e~~en~ the mortgagors se/l, convey o? transJer the neortgaged premises during the li je oj this morl- ~ Qa,~e, then ehis mortgnge shall, at the option o! the AlortRagee herein, becorr~e immedioeely due and payable jor the ~ JuU sum o( the pr~nci~wl (wlance and interest then due. ~ 8. The tenns "Mortgagor" and "!Nortgagee" whenever used in thic instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular number shall include the plural and the.plural the singular, and the use of any gender shall include all genders. ~~lCE~~r~-- l~r.:._t~-: Sign d, sealed d ver i e esence o• (Seal) FILEO ~NL ; E43ROEA _ (Seal) y~~, flOvE% r-:tRAS ~ ,-~•ic.c.~ l//~'. c~t.. ti CIEF.R L.~;:,: COURT . i pF~r4'•~,f~:,t1EJ~ ~ STATE OF FLORIDA ~ IO 59 p~ ~~~~1~~ ~ j i ~ COUNTY OF ~ ~s ~ ~ ST ~.UCIE ~ ~ ~ ~e ore me ptrsonally appeated LILLIAN OWENS , S? unmarried W0~311 ~ ~ to me wel! known and known to me to be tht individuals desctibed in and who executed the foregoing instrument, and acknowledged befote me that they executed the same [or the purposes there~n exptessed. WITNESS my hand ? x~ ~;q and off~cial seal in the County and State last aforesaid this 13th Day of June, 1974 ~ .:+:~rr~ ii ~ q ~ • ~~i ~1y Commission FXp~res: June 30 , 1975 Notary Public, State of - : . ~ . ~ . - . . ~;s : , ~ ~ ~ ~ ~ ~~`~b ; •t 0 R ~Q ~ ~ ~ BOOK~~+U PAGE25s~ - - - - - - ~ J~ ~ ~ ~ ~ ~ ~ ~ - ~ _ _ : . _ . , _ ~ ~ ~ , , .