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HomeMy WebLinkAbout2726 Our File 5-30,184 mw~~aKe .r othtr uans(r~ ut htir ~u ~he mur~~a~ed proper~y m eaun~wshmeel ul the ~ndeb~ednesa ~tcwcd heteby, •11 n~At, u~le •m1 ~nu~e~t a( the Mo~~~a~u+ in and ~o any ~nswance policws then in fwcs sAali pasa to the purchase~ or ~ran~ee. (h) To pe~1a m, c.rnplY ~r~th and a~~de by each and cvery 1he su pulat~ons, a~ttements, cond~huns and corenan~s ~n sr~d prwm ssory nolt and in th~: derJ .N (orth. (i 1 Thal ~f sny o( aa~d sumc ol mooey here~n ~etarred Io be not Dromp~lY ~~~~Y D~~d ~'~~h~^ (~~~een days nc~1 al~er the same severally becomes dut a~d payaAle,a it eac~ and erery the stipulauons, a~ceements, comi~t~oas snd corenants of sa~d pran~s- say no~c and ~h~s deed, ur euhe~, sre no~ fully pertamed. camD~~ed W~tA and ab~ded by, ~he .a~d aetrep~e sum menuoned m said pamssaY nu~e shall becomt due aod naY~ble ta~Ar~th or the~eafur ~t the ophon o( the !1lortpsee sa (ully aed completely as it the caid a~~re~~~e sum ot sa~d prom~F~ay note ~ras w~~inally shpulated to be psid on such dsy, aoytA~n~ ~n s~~d prom~ssory note a here~n to the comruy not~~thsland~nE. (~1 Tha~ ~o order 1o acceletate tAe matur~ty of the ~ndebtedness hereby cecured, because o( the (a~lure of ~he Mo~tR~~~ O+Y ~~Y asse~smeM. I~ab~l~ly. ~b~~i~~~a^ rncumbrance upon sa~d property, as here~n prov~ded, H shall not be neces~ary or reQws~te that the mixt~sste shall fuct pay tht same. 2. The ~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to forecluse the same, pay either before or after delinque~cy any or all of those cettain obligations required by the terms hereof to be paid by the Mortgagor for the ptotection of the mortgage security or for the col- lection of the indebtedness hereby secured. Atl sums so advanced ar paid by the !Nortgagee shali be charged into the mortgagt account and become an integral part theteof. subject in all tespects to the terms, conditions, and covenants oG the aforesaid prom~ssory note. and this mortgage. 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 ; sums shall be repaid the Mortgagee forthwith upon its demand a~d be in addition to the regular monthly install- ments ptovided by the mortgage note. - 3. That the abstract or abstracts of title covering the mortgaaed property shall at all times. during the {ife of this mortgagc, remain in possession ot the Rlottgagee and in event of the foreclosure o[ this mortgage or other i transfer of title tu the~ mortgaged propetty in extinguishment of the indebtedness secured hereby, all right. title i a~d interect of the ~lurtgagor io and to any such abstracts of title shall pass to the purchaset or grantee. ~ 4. To the extent of the indebtedness of the Mottgagor to the Mortgagee described herein or secured hereby, the i~lortgagee is herebp subrogated to the lien ot liens and to the ~ights of the ownets and holders thereof of each ; and every mortgage, lien or other incumbrance on the Iand described hetein which is paid and!or satis[ied. in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens ar other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as secutity for the indebtedness to the Mortgagee herein described or hereby secured, to the same exte~t thal it would have been preserved and would have been passed to and been held by the \lortgagee had it been duly and regularly assigned, Uans[ened, 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 s record. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the j holders thereof 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 athet than the 1lottgagor, the ~lortgagee may, without notice to the Mottgagoc. deal with such successor or suc- cessors in interest N•ith refereqce to this deed and the debt hereby secured, in the same maneer as with the Mort- gagor without in anv way vitiating or dischargina the Mottgagor's liability heteunder or upon the debt heteby secured. No sale of the premises hereby mortgaged and no fotbeatance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt her~by secured given by the Mortgagee shall operate to release. ~ ~ discharge, modify, change or affect the original liability of the Mortgagor herein eith'er in whole or in patt. 6. The lien ol' this deed secutes and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- for, or othetwise, unti! all such indebtedness shall have been fully paid. { ~ 7. In ~he even~ the mortgagors sell, convey or transjer the mortgaged pren~ises during the lije oj this ~nort- t ~ qage, then this mortgage shafl, at the option oj the Afortgagee herein, become immediately due and pnya6/e jor the ~ Jufl surn oJ the principal (wlance a~td interest then due. ~ 8. The tenns "\+lortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives. successors and assigns of tfie respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall inclode all genders. ~ ~ i Sig~e s aled an i h presence of: (Seal) ~ / (Seal) ' ~c~u_ti J~~ - ~ _.,~_s=~~~. ~ STATE OF FLORIDA I ~ COl1NTY OFp~ ys ~ ST. LU~IE SHIRLEY JEAN HOLZWORTH, an unmarried woman, formerly ` ~ Be[ote me personally appeared known SS SHIRLEY JEAN DYER . to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expcessed. WITNESS my hand ~ and official seal in the County and State last aforesaid this ZSt~l D831 of June, 1974 - ~ ~ ,,:un~~,,:~q .t•" ~ . , ~ i ~ ' - ~i - ~i~ : ~ ~ ` • Ny Commission Expires: _Tune 30, 1975 Notary Public, State of Florida at E _ - _ . : _ 4. . : -7 • • _ ~ • ~ ~ FILEO t.Kti ~EC~RDED , • r TY FLA. - r`• s.ili--`,: " ~ s?.WCi_ i:OiiH L ROGcrt. ~ OURT ~ ' ~ CLEnK '"v~^G~l~ ~ RECCP~ Yc: ~tEO ,1u~ 2~1 2 3s PM'Z'~ ~ R P,~ ?2 ~ eooK 228 2 1 - - - - _ _ - - _ - y ~ 4 . " s~_•__~ , _ _ _