The URL can be used to link to this page

Home My WebLink About0312 Our File 5-31,514 ~Ai. m~.~t~taKr .K ~uhr~ tnnsie~ nf utle tu ~ht mur~~a~ed pope~ty m exuniu~aAment ot ~At ~ndeb~eJness se~wed he~eb>, aU ~~~ht. htlt • aod ~mrrr:~ ~~t ~he \1o~t~a~w m rnd to any m~wan:e pul~c~es then ~n (orce ahsll psas to ~he pwchaser w`~an~ee. Ih? t~~ pcr~,wm. ..wnply WuA and ah~1e b) ea.h and every ~he st~pula~~w~s. a~reemen~s. cond~hons and coven~n~c ~n :ud pn~m~.~o~> n,.te end ~n ~h~. derd .H (o~~h. 1~ ? ih~t ~1 :iny ~N ~~~J sum. ol m.•nry Aero~~ rclrrrrd tu De nol p~omp~ly and iully Da~d ~~ilh~~ f~(lren drY• neat ~t~e~ ~he seme ~c~eral!y becomes dut and paya~ic,.u ~f ea.h and eve~y tAe s+ipulat~onc, aRreee+entc, cond~t~oos aeb co~taantc of sa~d D~~~~• ,~av note artd th» dred, or e~ther, are not fuily perterme~, compl~ed ~~th rnd ae~ded ~Y, ~Ae ,a~d a~~reta~e sum ment~oned ~n ca~d ~,.tw~.s~x~ n.~te shall becume due anJ pas~hle (rnthr~~h iK tAtteafter at the ophon of the Nor~~a`ee as (ully rnd comple~ely as ~f ~h. .a~d ,,Kere~ts~e cum nl ca~d ~umn..un n~te rss on~inallY supulrted to bt pa~d m such daY. anytA~n~ m sa~d prom~ssory note o~ here~n ~he :,mi~~n nor.uAstaod~nR- ~ Th~~ ~n .~rder to accelers~e iAe mawrqy uf lht ~ndebtedness hereby secured, because o( ~he (a~lure ot !Ae Mwl~a~or paY ~~Y rc.e~+ment, I~al+~luy, .~bl~~a~ioe nr encumAunce upon ss~d property, as here~n ptpvided, ~l shall not be necessa~y a reQuis~u ~h~t the m.~~tRaptc .l~el: f:r.~ pay ~Ae same. The ~tortgagee may, at h~s opt~on, and w~thout waiving his right to accelerate the indebtedness hereby .e~ured and to forecluse the tame, pay either before or aftet delinquency any or all of those certain obligations reyuired by Ih~ terms hercof to be paid by the `lortgagor far the protection of the mc~rtgage security or for the col- I«tiun ~~f tht indebtedness hettby secured. All sums so advanced or paid by the Mortgasee shall be charged into thc mrrtgage accaunt and become a~ ~otegral part thereo[, subject in all respects to the terms, conditionc. and c~•venants of the aforrsaid pr~~missot~~ note, and this mortgage, as fully and to the same extent as though a patt ~~f the orig~nal indebtedness evidenced by said note and secured by this mortgage. excepting howevet, that said ~um~ .hall be repa~d the !1lortgagee forthwith upo~ its demand aod be in addition to the regular monthly install- ~ ; inent~ provided by the muttgage ~ote. . l. That the abstract or abstracts of title covering the mortgaged property shall at all times. d~ri~g the life ~~f thi. mc~rtgage, rema~n in possess~on of the ~tortgagee and in event o[ the foreclosure of this mortgage or other ~ tran+fer of t~tle tu the mortgaged propetty in extinguishment of the indebtedness secuted hereby. all right, title and mterest of the \lortgagor in and to any suck abstracts of title shall pass to the pu~chaser or Erantee. ~3. To the extent of the ~ndebtedness of the Mortgagor to the 11'lortgagee described herein or secured htreby, the ~lortgagee is h~reby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgag~_ lien or other incumbrance on the land described herein which is paid and'or satisfied. in whole ot in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of ~ sa~d mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shall E pass to and he held by the ~tortgagee herein as security for the indebtedness to the Mortgagee herein described 2 or hereby ~ecured, to the same extent that it would have becn preserved and would have been passed to and been held b~ the \i~~rtgagee had it been duly and regularly assi~tned, transferred, set over, and delivered unto the Mort- gagee b~ separate deed of assignment, notwithstanding the [act that the same may be satisfied and cancelled of rrcord, i~ be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the halders thereof at or about the time of the recording of this mortgage. 5. In the event the ow~nership o( the mortgaged pre~nises, or any part thereof. becomes vested in a person other than the ~k~rtgagor, the ~tottgagee may, without notice to the 4lortgagor, deal with such successor or suc- ce~sors in interest Nith referrnce to this deed and the debt hereby secured. in the same manner as with the \lort- gagor ~ithout in an~- w~ay vit~ating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. ti~ sale of the premiscs hereby mortgaged and no forbeacance on the patt of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, ~ discharge, modif~•, change or affect the originat liability of the hlortgagor hecein eithet in whole ot in part. 6_ The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any tenewal ot extension theteof or substitute thete- ~ for, or uthetw~se, unUl all ~uch indebtedness shall have been fully paid. ~ ; 7. In die e~~en~ the mortRago?s sell, convey or transjer the morlgaged premises during the liJe oj this mort- { E xaRe. then th?s mortgaRe shall. at Ihe option oj the !Ifortgagee herein, 6ecorr.e inimediately due and payable jor the ; ; ~ full sum of the p?incipa! 6alance and interest then due. : ~ R. The terms "!Nortgagor" and ";~lortgageo" whenever used in this instrument shall include the heirs, ~ perconal representatives, successors and assigns of the tespective parties hereto. Wherever used the singulat number s alt include the plural and the plural the singular, and the use of any gender shall include all genders: ~ - ~ ! ~ ~ ~ Sign sealed ered e presence of: (Seal) ~ ( (Seal) ~ ~ ~'I c_,.e - ~ STATF OF FLORIDA I ; ~ COUNTY OF~~` ( ss 1 } ~ SBei'ore meCpEsonally appeared JOSIAH P. NEW'TON and RUTH N~~n1TON, his wife, ~ to me well knov?m and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged before me that tney executed ine samc ivi ine ~uiNOSes t~e~e~~~ GAFJ~V.~1jvY. ~jTP:~~ ^:3 ~ and official seal in the County and State last afotesaid lhis Sth Day of Deeember, 1974.. ~ • ; yH . ` _ , , ~ y? X ' - ' a • r~, - - : _ ~ ~1y Ccxnmission Expires: JuRe 30, 1975 Notary Public, State of Florida ~ I.B~ ~ ~ . ? ' _~i' ~ c ~ t h,+ ,,,,tY f ; ` "''1-;:~ . :e Sj~_ = -;y"JH~~S~ T R~,t,` i ' ;1tt '.p~it _ - . ~ ~ ~ a~,,~~ '3 t~ 35 2:~8~~1 EC~^K~5 PAGE 3~ ~:s ~ ~ ~ _ ~ ~ ~ . ~ . _ . . _ _ _ . .