The URL can be used to link to this page

Home My WebLink About2966 Our File 5-31,063 th~s a~a~~ase ur utAe~ uaosfa of utle w iAe mat~a~rd pope~~Y ~a eaun~u~sAaen~ o~ tAe ~ndebtedaess secwed Aaeby, •11 r~~h~. uUe and ~n~erest o( ~he N~a~~i{w.~n arwl to any ~oswaace polic~es thee in torce sh~ll psss ~o ~he pwch~ser or ~~an~te. lA) To per(am. cw*ply +~~~h and a~idt py tach and evetY ~Ae s~~pul~~?ons. s~reements. cond~UOna snd coven~n~~ ~n s~~d p~am~:ay nole s~d ~~s deed ~e~ (ath. tl and fuily paid +~~A~n (~tteen daYs neae atter '(i ) Tha~ any of s~id swes o( m~neY here~n ~e(ened to be not proap Y - the saiee sever~lly becwees due ~nd P~Ya~le.a if each and evtry tAe stipul~i~ons. ~t~cements, condN~oes snd covenanu o( sa~d Otare~s- say ~a~e ~nd th~s deed. or e~the~, are not fu11Y ~rf«~d, cospl~e~ With and ab~ded by, the ~a~d a«~e~ate sum ~nenlioeed ~n sa~d pro'a~issaY nute ahall becase due and paYaele (atAr~tA a there~fter •t the option ot tAe Nat~a~ee ss (ully and completelY as ~f the sa~d sjVeta~e su~ ot said proai~~ory note ~as or~~~aa11Y st~pulated 1o be paid oo sucA d~Y. a~y~~n~ ~o s~~d qan~ssaY note a Aere~n to the contr~ry no~vi~hst~udin{. ) Tha~ ~n ade~ to acceler~~e the matur~ty of tAe iodebtsdness heteby secu~ed. because of tAe (ailure o! ~he Ma~~s~a to paY any ua, asse~smen~. ~~~b~~~~Y• ~~~~~110^ `x t^`~"~~~nce upon said properly, as Aerein provided, ~t shsll not be necesaary o~ reQu~site that the mort~~tee shall (irst paY ~e s~mt. . 2. The !Nortgagee may, at his option. and without waiving his ti~t to accelerate the indebtedness heteby secured and tu foreciosz the same, pay eithet be[ore or a[ter delinquency~any or all of those certain obiigations required by the terms hereo[ to be paid by the Mortga~or for the protection of the mc~ttga~e secucity oc for the col- lection of the indebted~ess hereby secured. All sums so advanced or paid by the Mortaagee shall be charEed into the mortgage account and become an integcal part thereof. subject in ali respects to the terms. conditions, and covenants o! the aforesaid pcomissory ~ote, and this mortga6e. as iully and to the same extent as thou`h a part of the ori6inal indebtedness e~idenced by said note and secured by this mottaaaF. excepting howevet. that said sums shall be repaid the Mortaagee forthwith upon its demand at~d be in addition to thc regular monthly install- ments provided by the rtwrtgage note. 3. That the abstract or abstracts of title covetin` the mc~rtgaged property shall at all times, during the life ' of this mortgage, remain in possession of the Mottgagee and in event of the foreclos?ue of this mortgaae or ~thet transfer of title to tfie mortgaged propecty in extinsuishment of the indebtedness secured hereby. all ri~ht. title ~ and interest of the 41urt~agor in and to any such abstracts of title shall pass to the purchaser or stantee. ~ 4. To the extent of t6e indebtedness of the Mottgasoc to the Mortgagee described herein or secuced hereby, - the Mortgagee is hereby subrogated to the lien or liens and to the ri6hts of the owners ~nd holdecs thereof of each and every mottgage, lien or other incumbrance on the la~d described hecein which is paid and/or satisfied. in whofe or in part. out of the proceeds of the loan described herein or secured hereby. and the respective liens ot said mortgages, liens or 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 security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it wouid have been presetved and would have been passed to and been ~ held by the Alartgagee had it been duly and regularly assigned, uans[erred, set over, and delivered uato the Mott- ~ gagee by separate deed of assignment, notwithstanding the fact that the saent may he satisfied and cancelled of j recocd. it being the intention of the parties hereto that tht same will be satisfied and cancclled of record by the ~ holders thereo[ at or about the time of the recordinE of this mottsage. . S. In the event the ownership of the mvrtaaaed premises, or any part thereo[. becomes vested in a person ~ ~ other than the !Nortgagor, the Mortgagee may, without notice to the Mortga6ar, deat with such successor or suc- cessors in interest with re[erence to this deed and the debt heceby secured, in the same manner as with the Mort- gagor without in any way vitiating ot dischar6ing the Mortgasor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the put of the Moctgagee, and no ex- tonsion of the time [or the payment oi the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the o~i6inal tiability of the Mortgaaor herein either in whole or in part. 6. The lien o[ this deed secures and shall continue to secur~ payment of said indabtedness or indebted- i ness. however evidenced, whether by said promissory note or any renewal or eatension thereof or substitute there- ~ for. or otherwise, untii all such indebtedness shall have been fully paid. { 7. In the evertt the mo?IgaBors selt, convey or transjer the mortgaged prernises during the [ije oj this inort- ~ gage. then this mortgage shall, at the option oj the Alorlgagee hereirt, becorne irnmedietely due and payable for the ~ jull swn o/ the principa! balanee and in~trest then due. . 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personai representatives, successots and assigns of the respective patties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all gonders. 1/~ (Seaq gned. sea and live d i the presence of: (Seal) ` i ~ STATE OF FLORiDA I ~ COUNTY OF HI@~ j ss ST . ~~TCIE ~ e ore me personaliy appeared JAMES TATE and MARY TATE~ his w~.fe, to me well knovm and known to me to be the individuals desctibed in and who executed the fore6oing insttument. ~ ~ and acknowledged before me that they executed the same for the purposes therein ezpressed. WITNESS m~t hand and official seal in the County and State last afocesaid this 21st Day of September, 197~`~ ~;`~~i~~i1 ~y~~ ~`~~q,~, -x-~ ~ ' i .~r~% . r . e ~ , y~ O ~ June 30, 1975 rlocar Public, stace or Flo - 0"- ~+ly Commission Expires: Y _ • ; _ r : , ~1} _ ~c0~p . %,;l~y _ :~;='r ti : p ~,M ~~~t1t~'g ~ ~ . ~''o,,~~ ~~1 a d ~~~.•~t:' _ - F ~,~VC,~~ ~g~ ~ `pV~l ~iuuu~? s~' p0~ ~;;.~V~~ ~~~~~~F~F ,1a o R - ~ afc°~ 1`~~~ 6 P ~ ~~3~3 eooK~2 ~2'~ ~ ~ / ~ . ~ ~ s`~'~.~~ ; y ~ , . ~ ~ ~ ; ~ ~ . _ ~ ~ C~7k~`:_^: . - ~