HomeMy WebLinkAbout1836 pur file 5-30,830
ih~s ~w~~ase .Nbr~ uaa,le~ .~1 uile w ~uc ww~tsi~d po0«ty m e•t~a~u~sl+a~cnt u~ iee ~niitb~edne.s cccu~ed hc~eby, aU n~A1, u~le
am! ~ate~es~ of ~Me ~Mv~~ata ~n and to ~ny ~aswaace polic~es ~Acn ~a (orce shali pasa lo the purcfisser a ~~an~ee.
IAl To ~1.vs. .~~sp1Y +~W •w1 ab~de SY esc6 aad eve~t tAe +upulahaes. a~reenKeu. cond~hoe. aed co~eoan~x ~n s~~d p~we~ssory
eote ynd ~n tA~. deed ,e~ fatA.
1 TLa~ ~t sny u( sa~d s~s „t ~..~ueY hert~w reft~~ed to bt nW pruap~ly aad (ull) pa~d ~~~h~n fif~een ~~Ys neat stter
~he sase se~e~ally se:oeses Jue sad paYasle.o~ d eacA and e~e~Y t?r s~~pul~uoas. apee~cntc, .~uN1~~~oua and coven~nts ol ssul prw~~s-
say aote and tA?a dced, w euAer, sre aa !ulhr p«<a~d, coaWluA +~U~ and ab~ded sY, the .~~d ak~e~ate sum ~acnuoned ia sa~d
pros~ssa) eou sAall bccose due am1 payasle tatAa~u a tAe~esltc~ s~ t11t opt~op o( tAe \lott~a~et as t~~lly aad co~epltlelY as the
s~~d aa~reptt s~ d sa~d prae~xswy wote .ss onsensllY supu'ated to Ae pa~d au sucA da7. snyll~in~ ~t. .:z:i poie:ssaY note w Aere~n
to the cantra~y ~s~~i6stand~nE.
Q 1 TAa~ ~a ~rda ~o a.cNeiate tAe ma~uray oi t6e ~udebtelness berepy secured. Secsuse u( U+e [a~lure oi Ihe No~ip~~ ~o paY any ~a~,
•sse~sarcat. I~as~l~~). ob~Wum cn.u~~rsnce upm sa~d prope~lY. ss Aere~n ~rov~dcd, u shall not be neces.ary w rrQu~sue thsi ~he
uo~i~asee sRall fuc~ pa) ~be sa~e.
2, 7'he ~lortga6ee may. at his apt~on, and w+thout waivins h~s ri6hi to accelerate the indebtedness hereby
secured aod ta lorcclose the same. pay either before or aftrr deli~quency any or all of those certain obligations
requited by the terms heteof to be paid by the ~brtaasor fM thr protection of the mortgage security oc foc the co1-
lection of thz indebtedness hereby se~ured. All sums so ~dvanced ot pa~d b~ the `b~tgagee shall be charged into
the mortgase account an~l become an :nteEral put thereof, s~~bjcct in ail respects to ihe terms. conditions, and
covenants of tha aforesaid pr~rmssory note. and this mort6a~e, as [ully and to the same extent as thou6h a part
o[ the orisinal indebtedness evidenced by said note and secured by this mo~t6ase. excepting h~wever, that said
sums shall be repa~d the ??4ortaa6ee forthwith upon its demand and be in addition tu the regular monthly install-
ments ptovided Sy the mortaage note.
3. That the abstract or absuacts ot titie coverina ~he mortEaEed ~?ioFerty ~hall at all times, during the life
af this mortgaae, rtmain in possessioo o( the ~brtsa6ee and in eyent of th~ foreclosure oi this mortgage or other
tra~s[er of u~le to the mort6aaed property in estinsuishment o( the indebtedness secured hereby. all ti6ht, title
and interest of the ~1~xtaaaor in and to any such absuacts of title shall pass to the purchaser or grantee.
4. To the extent ot the ~ndebtedness o[ the \Aortaa~or to the ~brt~agee described herein or secured hereby,
the ~tortgagee is hereb~ sul+roEated to tht lien or liens and to the ri6hts of the owners and holders thereof o[ eacn
and every mortgage. I~en or other incumbrance on the land described herein which is pa~d and,'or satisfied~ in
whole oc in pan, out of the proceeds of tl~e loan described herein or secured hereby. and the respective liens of
said mortgages.liens or other ~ncum~ances, shall be and !he same and each ot them hereby is preserved and shall
~ass ta and I+e hetd by the ~I~xtaa6ee herein as security for the indebted~ess to the ~4ortgagee herein described
or hereby secured, to the same eatent that it would have been presetved and would have been passed to and been
held by the ~brt6a6ee had ~t been duly and re6ularly assigned, transfetted. set over. and delivered unto the !11ort-
Eagee by separate deed of ass~6nment, notpithstand~ns the fact that the same may be satisfied and cancelled of
record, it being the ~nte::iio~ of the puties hereto that the same w~ill be sati~fied and cancelled ot cecord by the
holders theteof at or about the time of the recordin6 of this mott6aae.
S. In the event the ownership of the mottsased pte~ises. or any part thereo[. becomes vested in a person
other than the ~tort6a6or, the ~1ort6aEee may, without notice to the !?brtga6or. deal with such successor or suc-
cessws ~n interest aith teference to this deed 3nd the debt hereby secured. in the same manner as with the \lort-
6asor without in any way vitiatins or dischar6in6 tbe Mortsasor's liability hereunder or upon the deb: hereby
secured. No sale of the premises 6ereby mort6aged and no forbestance on the patt of the Mortgagee. and no ea-
tension of the tifine for the payment of the debt 6ereby secured siven by the Nortgagee shall operate to release,
dischar6e. modify, chanac or affect the orisiaal liability of the `lortga6oc herein either in whole or in part.
6. The lien of this deed secures and shall contioue to secwe payment of said indebtedness or indebtcd-
'4 nes~. however evideaccd, whether by said promissory rsote ot any renewal or extension theteof or substitute there-
I for, or othetw~se, antil all such indebtedness shall haYe been fully paid.
7. In II+P ~~~ent the mortgago?s sell, convey or t~ansjer the morigaged premises during the li(e oj this ?no.t-
RaRe, then this neor~gage shatl, at the rp~ion oj th~ Alortgagee herein, beco~ne inu~ediatety due and payab[e jor the
JuU swn oj the principal balance m?. ~r• ~_st then due.
8. The te~ms "Mottaaaor" and "No~taagee" v~fienever used in this inswrae~t shall include the heits,
pasonal representatives, successors and assi6ns of the respective pazties hereto. Wherevet used the singular
number shall inciude the plural and the plural the s~ngulac, and the use of any gender shall inclode all genders.
. ~7
_ :~i''~ ~ L~~(Seal)
Signe , sealed d~ve d in e presence of:
(Seal)
~L~-rtcL , . t ~ i_ .
;
; _
- STATE OF FLORIDA I
~ COUNTY OF~ ~ ss
ST. ~,.~CIE E~~ THOMPSON McDOWELL, an unmarried woman,
e ore me personally appeared formerly known SS ELAIl~iE THOMPSON
to me well know-n and knov?n to me to be tht individuals described in and who ezecuted ihe fore6oing insttument,
and acknowled6ed before me that thcy e:ecuted the same for the purposes there~n espressed. WITNESS my hand
and ofGcial seal in the Count~ and State last afotcsaid this ].St~l _D83i of August, 1974
r.' :
~1y C bsA~ Eapires: .TL1II@ 3O~ ~9~ Notaty Publ~c. State r Florida ' =.'o
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