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HomeMy WebLinkAbout0906 ^ ~ Our File 5-30,492 ~A~s wwtp~e a~~her uaeste~ al u11e w tRe ~I~a~ed property ~w eaun~wzAseal 01 Ihe ~~debledness securcd Ae~esy, all r~~A1. u~le ~ am1 ~n~e~ex~ o( ~Ae Akr~~a~w and to anY ~nawswce pol~cus ~he~ ~a to~ct sAsll pss Io IAe PwcAsse~ a<<sn~ee. ~ (h/ Tu perta~w, c•+aplY r~tA ~rd ab~dt SY eacA apd eve~y We ahpulauoas. •~reescnls. cond~~?ons and co~enan~+ ~n sr~d pruni~sawy y no~e and ~n ~b~s deed set tor~A. ~ htteen dsYs neat a(te~ ~ l~ 1 TA~t d any of sa~d sw~s o( aa~eY here~a u(erred to be not prosptlY snd (u11Y W~ ~~tA~e - the same severallY ~a~s paYasle.ot ~t each ~sd evsrY t1+e st~pul~t~ons. ~peeaenta, c~nd~~~ons and ca~enants ot ~a~d prwe~s- nd saY ~tt sed th~s detd: ot euher, ~~e aot fu11Y p~r(or~ed. cuspl~ed ~r~th aed ab~ded by, the .a~d a«re~a~e swa mcnt/oned ~n said h pr«e~ssaY note sAall becaue due .~e wr+e~~ f~~~~~ a tAe~e~(tet at tAe opt~oe of ?bt Atort~s~ee as fully and comple4e{Y as if the :w. d:a1d a~aaucsaY p~e ~ss on~~vally supulated ta be psid a? sucA daY. anytAms m sud pranisso~y note oc herein to the cmtrsi) not~i~hstand~n~. V) That ~n order to accelerate tAe ma~un~y ot the indeetedness Aereby secu~ed, Aecause ot the fa~lure o! the Mort~a~w ~o paY ~~Y assecsment, Ius~1~~Y. abl~saum ~ rn.um~rsnce upor? ss~d prope~ty, sa here~n p~ov~ded. i~ shaU oo~ be ne~es~ary a reQu~s~tt that the ~nor~~aiee s~all hra~ paY ~e ssme. 2. The ~bttgagee may, at t~is optio~. and without waivi~g his right to a~celerate the indebtedness hereby secured and to foreclose the same, pay either before or aiter delinquency any or all ot those cettain obli6ations required by the terms hereot to be paid by the `iort~a6or for the ptotection of the mcxtgage secutity or for the col- lectio~ af the indebtedness hereby secured. All sums so advanced or pa~d by the Mortgagee shall be charged into the mort6age account and become an inteEral part thereo[. subject in all respects to the terms. conditions, and covenants of the afaresaid prom~ssory note. and this mortga~e, as fully a~d to the same extent as though a part of the oriainal indebtedness evidenced by said note ar~d secured by this mortaage. excepting however. that said sums shall be repaid the Alortsasee i'otthwith upon its demand and be in addition to the regular monthly install- ments provided by the moctsaae note. 3. That the abstract or absuacls of title coveri~s the mort6aged property shall at all times. during the life „r :~l~ ••••k~~~ce_ r~snain in possession of the Mortsa6ee and in event of th~ foreclosure of this mortgage or other ~ ~__t_ ~.~s trans[tr of title to the mortga6ed pcoperty in extinauishment ot the ~ndeDte6ness securca nc~cvy. o.~ .~s~~.. and interest of the 11~xtgagor in and to any such abstracts o[ titit shall pass to the purchaser or grantee. 4. To the extcnt of the indebtedness of the ~Aortga6ot to the Mott6a`ee described herein or secuted hereby. the ~tortgagee is hereb~ subroEated to the lien or iiens and to the ri~hts of the owners and hotders thereof of each _ and every mortgage, lien or other incumbrance on the land described herein which is paid andlor satisiied, in whole or in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of said mort6ages, liens or other incumbrances, shail be and the same and each of them hereby is preserved and shall pass to and be held by the !Nortgagee herei~ as sccurity for the indebtedness to the Mortgagee herein descFibed or hereby secured, to the same eatcnt that it would have bee~ preserved and wonld have been passed to and bee~ held by the ~lortaaaee had it been duly and resulazly assi6ncd. transfened. aet over. and deliveted unto the Mort- gagee by separate deed of assig~ment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the intention of the parties hereto that the same will be satisfied and cancelled ot record by the holders thereof at cx about the time of the recordina of this mort~ase. S. In the event the own~rship of the mortsased pree?ises, oc any psrt thereof. becomes vested in a person other than the !Noctgagor, the ~1ortEaaee may, without notice to the Mortaa6or. deal with such successor or suc- cessors io interest with teference to this deed and the debt hereby secuted. in the same manner as with the Moet- gaaor without in any way vitiatina or dischargina the. Mortgagor's liability heceunder or upon tht debt hereby secured. No sale o[ the premises hereby mortga6ed and no fabeusnce on the part of the Mortgagee. and no ex- ! tension of the time for the payment oi the debt hereby secuted 6iven by the Mortgagee shall operate to telease, discharEe. modify. chan6e or aifect the oriaiaal liability of the Mortgasor herein either in whole or in part. ~ j 6. The iien of this deed secures and shall continue to secare payment of said indebtedness or indebted- ' ness, however evidenced, whether by said pranissory note or any renewal or extension thereof or substitute there- j for, ot otherwise, until all such indebtedness shall have been [ully paid. ; i 7. /n the even~ rhe ?nortgagors sell. convey or transje? the rnortgaged prernises during the lije oj this mort- ; ~ RoRe, then this mor~gagt sha[l, ot the optiore oj tht Alortgagee herein. become iinmediately due and payabte for the ; Jull sum of the principal balance and interest then due. d 8. The tenns "Mort6agor" and "MoctEageo"_ whenever used in ihis ins?rument shall include the heirs, pasonal representatives. successors and assi6ns of the respective pazties hereto. Wherever used the singular number shall inclode the plural and the plural the singular. and the use of any gender shall include all genders. • ; ~ . S~ ncd. sea a e vere ~n the presence o• (Seal) i + (Seal) y! rlCt~ ' i G~7-iL..~ STATE OF FLOR[DA I ~ ~ couNrv oF ~ ~ SS wife ~ ST LUCIE ~ ~e(ore me personally appeared WILLIAM JORGENSEN attd ELIZABETH, ANN JORGENSEN ~ his io me wcll knov?m and known to me to be the individuals desctibed in and who executed the foregoing instrument, and acknowledged betore me that they executed the same [or the pwposes thercin expressed. WITNESS my hand ~ and of(icial seal in the Couaty and State last afaresaid this 1$t~l DS~1 Of Jtlly~ 197 , , • 7 . , . ~ ~ty comm~:s~~ Exp~res: June 30 . 1975 Notary Public. State of Flo ~~e- ~ - b ~ 'f = ~ ~`.:,~~~~AfE~ _r,.. ~~;J~j . ft~E~ ~ J.~hS'f `4 • ~ : ~t. 4lOG: ~~'`q~? uaT ~ ~j..~j~•~.~;. t~U~ i ~,~;i:: . ~ ~ p`C~~FFi=. ~ ~4 ' - ~ og QH Z'~ o R~j ~ 1~, 2~~~g b00K~v~ PAGf ~ _ _ . _ _ . sc: ~ ~ s=-- . _ _ . ' .