HomeMy WebLinkAbout1323 Our File 5-30,766
~Ai. ro:u~~~p~ ~r aiAcr uansfe~ of t~tle ~o ~Ae nwnRs~ed prop~r~y ~n esun~u~aAment ot tAe ~mtebudness secwod Ae~eM. all ~~~h~, ~ule
a:wf ,ntere:i ~.t ~he \for~p~w ~n ~r?d ~o anY ~nswan:e polwies ~Aen ~o face ahall pass to ~he Purch~ser ~x pan~ee.
Ih~ Tu peri~xm. :.~mply ¦~tA and ab~Se by eacA and every thz st~pulaUons. s~~ee:nenis. cunOiha?s su.t covenan~c ~n ~~~3 pr~rn~cawy
n..te and ~n ~h~. de~J .e~ tnnA.
1~ f TAat i( any ~.t sud sun?. u~ nwoey here~n ~efrrrcd t~ A~ nol proe~ptly and fullY Patid ~r~~A~n f~Ueen day. ne?t ~~ur ~
~he came .r~enlty becaaes due am! O~Yahie.ix each aed eretY ~e stipul~uoas, sR~etsents, ~~xid~uons and co~eaan~~ oi sa~d p~wn~x.
savv nou and tA~s deed, or euher, ue eot tully per(ae?ed, canplud W~tA aed ae~ded sy, ~Ae .a~d s{are~ste swa menumcd ~n sasd
~ram~cccr> n~ae shall becaeee dur anJ payaGle f~v~hru~ ~v tAeru(u~ •t tAe opuon of Ihe Atatisjae a: fuliy and campletety ss ~i tAe
.a~d +K~re~ite :um ~~I ca~d pixn~..w)' no~e ~rsa onpnallY supula~ed to Ae prid m sueh d~Y. anytA~ns en sa~J pran~ss~ry nou ur here~a ~
~h: :on~r~~? naaiihslan4mR. •
1~ ~ Thr~ ~n ~vder ta accelen~e iAe mawr~~~ uf tAe mdeAtednesa Aereby secuted. ~ruuse o( the A~lure of the ~Iw!{a~.w p~Y any taa, :
~c.e..ment. I~a~~l~t~. obi~~aUai ~v rncum~anct upw~ as~d properly, •s Aete~n ptav~ded. ~t shall nol be neces.ary or reQu~s,?e Mat tl+e
ma:~Ea~tee shali fu.~ pay ~he same.
Th~ ~h~rtgagee may, a~ his opt~on, and without waiv~ng his r~ght to acceletate the indebtedness hereby
.eru~rd and to fo~ecluse the same, pay either befote or a[te~ delinquency any ot all of those cer[ain obligations
rrquued hy the terms hereof to be paid by the ~lortgagor for the protectio~ o( the me~rtgaae security or fo[ the col-
lec~:~~n .~f tht ~ndebtedness hereby secured. All suma so ad~anced or Qaid by the Mortgagee shall be charged •.nto
~he mrrtgage accaunt and become an ~ntegtal part thereof. subject in all respects to the ~terms. conditions. and
r.?venants of tha aforesaid promissory aate, and this mortgage. as fully and to the same extent as though a part
.~f the orig~nal indebtedness ev~dznced by said note and secured by this mortgage. excepting however, that said
cur*c .hali be repaid the \lortgagee forthwith upon its demand and be in addition to the re6ular monthly install-
mrnt~ provided by the mortgaEe note.
That thr abstract or abstracts of title covering the mortgaged property shall at all times. during the life
of th~~ mor~gage, rema~n in ~+c~ssession of the Alortsage~ and in event of the fore::losure o[ this mortgage or other
tsan.fer of title to the mortgaged property in eatinguishment of the indebtedness secuted hereby. all riEht, title
anci ~nteres~ of the ~tottgagor in and to any such abstracts of title shal! pass to the purchaser or gra~tee.
a. To the ettent of the ~ndebtedness of the Mortgagor to the Mortgagee described hetein or secured hereby.
the ~tortgagee is hereby subrogated tc tlze lien or liens and to the rights of tht owners and holders thereof of each
and rver~ mortgage. lien or other incumbrance on the lanci described herein which is paid and!or satisfied, in
whole or in .part. out of the proceeds ot the loan described herein ot secured heceby. and the tespective fiens ot
said mortgag~s, liens or other incumbrances, shall be and the same and each of them hereby is preserved a~d shall
pass to and t+e held by the ~lortgaaee herein as security for the indebtednes.s to the ~lortgagee herein described
or herebr secured, to the same extent that it would have been preserved and would have been passtd to and been
hzid b~• ~he \h~rtgagee had it been duly and regularly assigned, transftned, set over. and dtlivered unto the Mort-
gagee bc separa~e deed of a~signment, rtotwithstanding the fact that the same may be satisfied and cancelled of
record, it bc~ng the ~ntention af the parties hereto that the same will be satisfied and cancelled of record by the
holders thereof at or about thz time of the recording of this mortgage.
5_ ln the event the ownership of the mortgased premises, or any part thereof. becomes vested in a person
other than the ~lurtgagor, the \lortgagee may, wi~hout notice to the Nortgagor, deal with such successor or suc-
cessors ~n mterest M~ith refert~ce to this deed and the debt hereby secared, in the same manner as with the ~1ort-
gagor ~uhout in any way vitiating or-discharging the Mottgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no fabearance on the part of the Mortgagee, and no ex-
t~nsion of thc time fur the payment of the debt heceby- secured givcn by the Mortgagee ahall operate to release.
discharge, mc~dify, change or affect the original liability of the Mortgagor herein either in whole or in part. -
~ 6. The Gen of this deed secures and shall continue [o secure payment of said indebtednass or indebted-
; ness, however evidenced, w~hether by said promissoty note or any rtnewal or extension thereof or substitute there-
for, or utherw~se. until al( such indebtedness shall have been fully paid.
~ 7. !n thc e~•cnt the mortRagors sell, convey or t?ansJer the mo?tgaged pren~ises during the li/e oj this mort-
RaRe. then this .norlgage shall, a? the optiun o~ the Alo~tgagee he~ein, becom.e in~mediately due and pnyab[e Jor the
- fu/! sum oJ the princ~pnf balance and inteiest then due.
R. The te~ms "Mortgagor" and "~lortgagee" whenever used in this instrument shall inclade the heirs,
perscx~al representati'vcs, successors and assigr:s of the respective parties hereto. Wherever used the singular ~
number shall include the pl~:ral and the plura! the singular. and the use of ang gender shall inclade all genders. ;
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gncd, ~e d a de e d~ the presence of: ~r'~+~~~~ - (Seall
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STATE OF FLORIDA I
COI~NTY OF~ j ss
ST. I~UCIE ~ MILLARD McNEALY and BERTHA McNEALY, his wife,
Be ore me personally appeared g1SO known aS BIRTNA MeNEALY
to me well knovvn azd known to me to be the individuals described in and who executed the foregoing instnunent,
j and acknowledged befort me that they ezecuted the same for the purposes therein exptessed. WITNESS my hand
and official seat in the County and State last aforesaid this 13th Day O~ .Tuly~ 1974
`,`,~ti•\Nitl~.tl~~I,, -
~ ~
Z9[~51~ - ~ ~ .
,
~ty Commission Eapites: Ju*_le 30 ~ 19Z,~ Notary Pubiic. State of Florida ~~t
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- f EO ANfi Ilf CORQ[0 ~ ~ - . - - - -
S~WCIE C4N1lTY i1.A. - ` " '
G' ' -
ROCER POITRAS ~ = " - ' ~
CLERR C:&CUIT CQIIqT ~ " "
RFCORD VER~FtEp~~~~ , -
lua 29 4 oz PM'7~1 ec~~ ~1 Pr,c~ 13~ . -
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