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HomeMy WebLinkAbout2430 " ` Our file 5-31,473 th~~ mw~ra~e ur ahe~ transfe~ u( u11e tu ~ht mortsa{ed prope~ly ~n eatro~wsAmeM ut IAe ~nde~ted~esa ~ecutr~l hcu?+y, all n~h~, uUe am1 ~meres~ a( the A1w~p~w ~e and to any ~nswance pol~c~ea then ~n face sA~ll p~ss 1o tAe purchaser w~r.n~ee. (h) Tu ptflMT, cumplY +r~~h and as~de by each a~d every tAe ahpulahons. a~reemen~s. cond~hons and coven~n~s ~e s~~d prwn~~sury note and ~n ih~a deed ~e~ (ortA. ) That any u( sa~d sums ot money he~t~e reterted w bt not praepUy and fully pa~d M~thm ~ hheen Qays neat atler the same severally secaaes due aed pay~ble,or if eacA and evay ~he s~~pul~~~ons, a~~eements. cood~~~ons and coveeants o( ss~d ptos~s- sory note and this deed, or e~~he~. a~e no1 tully per(onued. cosplied ~r~tA aed asided by~ the ~a~d a~re~a~e sum Aenuoeed ~a ss~d pramssay nuit sAall becoae due and paYable !«tAW~U? a ~herealter at U~e op~ion of iAe lNat~ssee as fully snd comale~ely ss ~f tAe and assre~a~e sus of s~~d praniacay note was or~~~nally supul~ted to se pa~d on such d~Y. ~~Y~~n~ in s~~d pom~ssay no~e o~ here~e to the contrsry notr~tAslandin~. 4• , _ V) Thai ?n ader to accelerate tAe a~stunty ot the indebtedness hereby secu~ed, becawe oi tlie ta~lure ot the Moct~a~a ~o pay ~ny tax, asse.sment. Iub~Gty, oblisaUOn ix encumbrance upon sa~d ptoperty, ss herem prorided. shali oo~ be necescary or rcauis~te that the.. muct~a~ee shall t~rst psy the same. 2. The !~lortgagee may, at his option. and without waivina his tisht to accelerate the indebtedness hereby secured and to forecluse_ the same, pay either before ot after delinquency any or all of those cettain obligations required by the terms hereof to be paid by tho Mottgaaor for the protection of the mottgage security or for the col- lection of the indsbtedness he~eby secured. All sums so advanced or paid by the Mortgagee shall be char~ed into the mortgage account and become an integtal part thereoi, subject, in all respects to, the te~ms. conditions, and covenants of the aforesaid promissory note, and this mottgage, as [ully and to the same extent as thou~h a part of the original indebtedness evidenced by said note and sec~red by this mortgage. exceptin6 however. that said ~ sums shall be repaid the Mottgagee forthwith upan its demand a~d be in addition to the regular monthly instali- ments provided by the mortgage note. - 3. That the absu~ct or abctracts of title covering the mortga~ed property shall at all times. during the life - of this mortgage. remain in possession of the Mortgagee and io event of tht foteclosure of this mottga6e or other transfer of title to the mortgaged property i~ extinguishme~t of the indebtedness secured heteby, atl tiEht. title and interest of the Mortgagor-in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mort6aaee dcscribed herein or secared hereby. the 4lortgagee is hereby subrogated to the lien or liens and to the rishts of the owners and holders thereot of each and every mortgagz, lien or other incumbrance on the land described herein which is paid and!or•satisCed. in whole or in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and be held by tfie Mortgagee herein as security fot the indebtedness to the Mortgagee hetein described or hereby secured, to the same extent ihat it would have been preserved and would have been passtd to and been held by the !1lortgagee had it been duly and regularly assigned, uansfened. 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 record. it being the intention of the pazties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mortEage. ~ _ ..t .1.~ ......~..s~~.i w.~.w:c~.c ro snv ~+srt ~h~r~nf 1s~rtYm!f¢ vexted in f nlreM~ .7. ~li iUG GvGfti u~c. ~rwia~aa~sar a+~o wav ap~a...a pa~s...~~~s r-'. - r-----~ othec than the !Nortgagor. the ~lortgage.e may, without notice to the Mortga6or, deal with such successor or suc- cessors in interest with reference to this deed ar~d the debt hereby secured, in the same manner as with the Mort- gasor without in any way vitiating or dischargin6 the Mortgaaor's liability hereunder or upon the debt hereby secured. No sale ot the premises hereby mortgaged and no [orbearance on the part of the Mortaasee. and no ea- tension o[ the time for the payment of the debt hereby secuted aiven by the Mort~aget shall operate to relesse, dischacge. modi[y. change or aifect the atiginal liability of the MortEa6or 6erein-either in whole or ia part. 6. The lien of this deed secures and ahall continue to secure payment o[ said indebtedness or indebted- ~ ness. however evidenced. whether by said ptomissocy note or any tenewal a extension theteof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. !n the evenr the ~nortgagors sell. convey or tronsjer the rnortgaged prunises during tl~e lije oJ this rnort- ~ - ~ gage. then this rnortgage sholl, al the optio?r oj the Alortgagee herein. becon~e iinmediateJy due ard payable Jor the jul! sum oJ the princepal balance end interest then due. , 8. The terms "Mortgasor" and "Mortgagee" whenever used in this instrwnent shall include the heirs, personal tepresentatives, successors and assigns of the respective puties hereto. Whetever used, the singular number shall inelude the ptural and the plural the sinaular. and the use of any gender shall include all genders. ~ V ~ Signed, sealed and delivered in the presence of: (SeaU Gs ~SesU ~ ~fc t«c_- -c ~-,t -c~sf~c., i STATE OF FLORIDA COUNTY OF ss ST . LUC~ Before me personally appeared WILLIE MAE HOPKINS, an unmarried woman, ~ to me well known and k~own to me to be the individuals described in and who executed the fote6oing instrwnent, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 1~Fth D8y of December, 1974 - ~ _ • " . ~ , , - ~~~rE~ ; ,«5: June 30, 1975 _ Notary Public, State @fi ~~••i.. . -$e ~".°1 ; ~ - ST. lUGli. CAUMTY FU. _ Q . P.OC~~~ -3~T~ ~j RT 'o' CIE~R L~' ..is7 C U r''" ~:~~~n` nr('~~',y ti~~ .r~t?1~,...,~~. ; ' ~J~~~~~ ~ i : °p4~,= D~c 1b 9 4i ~H'~?~ ; .-~...~j.~~~ ~~~34 ~~,~2~29 ~ ~'7810 , _ _ _ - - - - - - - s~ ~ ~ _F w- ~ ~ ~.r . ~.~w- ~ _ ,