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HomeMy WebLinkAbout1774 Our file 5-33,153 ~h~s mat~aae w uthe~ uanstei o( u11e W ~he ma~sa~ed pnpcrly M eiun~u~shmtnl u1 Ihe ~ndeb~tdnesa atcwcd hereby, ~11 ri~h~, uile and mutex~ o( tht Mw~p~w ~n and to any msurance poliues ~hee ~n lace shall p~ss to !Ae pu[cMser w pan~ee. (h) To Ptf~MT. cweply ~r~tA and ab~de sy e~ch a~+d evc~Y ~e shpulal~ons, ~~rcearonts. cond~t~ons aod covcnan~s io s~~d prwa~~sory ao~t snd ~n ~A~s deed se~ (wtA. - ~ 1 That d any of sa~d sutas of a~a~ey Aertie reterted to be oot proaPUY and fully ps~d ~~~h~n hUten Qsys neat s(ltr tAe saa~e se~enlly becanes due and psyable,a J eacA snd every tAe s~~pul~l~oas, ~~~eeieents, cond~t~ons and covensets of sa~d p~aa~s- saY no~e s~d tA~s decA, or euher, are eot fully perforeed, cosolied +rith and ap~ded by, tAe ~a~d a{arepu suai ment~oned ~e sa~d pros~asay note sh~ll becoae due aiW psY~ble tortArliA a tAere~tter •t tAe oP1~on oi lAe Mott~saee ss fully and completely as if the sa~d a~~re~ate sus ot said pomiaao~y note ~r~s a~~~n~lly aupul~ted to pe ps~d an sucA d~Y. anytAm~ ~e s~~d pan~sswy noie o~ Aere~n to tAe contrsry eotW~thstand~n~. That m ader to acceler~te ~he mstuniy of the iodebtedness AueEy secured. because o! iAe fs~lu~e o( ~Ae ~Iwt~a~a ~o pay sny uR. assecse~ent, Iub~l~ty, obl~sation a encumMance upon s~~d property. ss Aere~~ prov~ded, N shall not Se necessary or ~eQu~s~te Uai the ma~js~ee shsll fus~ psy the same. The Alortgagee may, at his option, and without waiving his ri6ht to accelerate the inde~tedness hereby secured and to foteclose the same, pay eithe~ before ot aftec delinquency any ot all of those cettain obligations requited by the tetms hereof to be paid by the I1~lortgaaot for the protection of the mortgage secutity or for the col- lection af the indebtedness hereby secuced. Atl sums so advanced or paid by the Mortgagee shall be charged into the mortgage account anJ become an inteatal part thereot, sub~ect ~n ~il respects to the terms. conditions. and Vuvc~~oita vf i~1~ ~f:»~~8:.~ ~T~:::~53Z} i:~f£. sii~ !l3is ~i!o?g~. 3~ !8~l~ ~n~ tr? !!tr caenr rY~r~st ag lhn~~~~! ~3fi of the oti~inal indebtedness evidenced by said note and secured by this mort~age. ezcepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthly install- ments pmvided by the mortgage note. 3. That the abstract or absuacts of title coverina the mortgased pmperty shall at all times. during the li[e of this martgage, rtmain in possession of the Mottga6ee snd in event of the foreclosure of this mortaa6e or other ~ transfer of title to the mortsaged property in extinauishment of the indebtedness secured hereby, all right. title and interest of the Mortga~or in and to any such abst~acts of title shall pass to the purchaser or grantee. 4. To thc extent of the indebtedness of the Mortgasor to the Mortaa6ee described hecein or secured hereby. the hlortgagee is hereby subrosated to the lien or liens and to the ri~hts of the owners and holders thereot of each and every mortgage, lien or other incumbtance on the land described herein which is paid and!or satisCed, in whole or in pan, out of the proceeds ot the loan described herein or secured hereby, and the respective liens of said mortgages, liens or othe~ incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and be held by the Mortgagee herein as security [or the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been - held by the Atortgagee had it been duly and re6ularly assianed. tranaferred, set over, and delivered unto the Mort- gagee by separate deed of assig~ment, notwithstanding the fact that the same may be satisfied and cancelled ot record, it being the ~ntention of the pazties hereto that the same will be satisiied and cancelled of record by the holders thereo[ at or about the time ot the tecordins of this mortsase. S. 1~ the event the ownership of the mortgaaed premises, ot any part thereof. becomes vested in a person other than the MortgaEor. the 4lottgagee may. without notice to the Mortga6or, deal with -such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, ~n the same manner as with the Mort- ga6or without in any way vitiating or dischar6ina the Mortgasor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortsagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mottgagee shall operate to release. ~discharge, modify, chanse or affect the original liability of the Mortgasor herein eithec in whole or in part. 6. The lien of this deed secures and shall continue to secuce payment of said indebtedness or indebted- ness. however evidenced, whether by said promissoty note ot any renewal or extension thereof or substitute there- for. or otherwise. uatil all such indebtedness ahall have been fully paid. ' 7. /n rhe even~ the mortgngors sell, convey or fransfer the niortgaged p?emises during the iiJe oj tbis inort- ~ gage, th~n this n~o~tgage shall, nt the option oj the Atortgoge~ herein, become iminediotely due and payable Jor the ~ jul! swn oJ the prencipal balunce and in?erest then due. ; 8. Tht tenns "Mottga6or" and "Mottgagee" whenever used in this instrwnent shall include the heirs, ~ personal tepresentativas, successors 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 gendet shall include all genders. ~ . . Sig , seal nd eliv ed ' the presence of: Lt (Seal) • ~ 0 ~Scal) ' ~j _L~~?= ~';~~MR~S ~ v~~ RuG:;. .yL~j ~DUR~ Ct~QK ,-`,.iF'Ei ~ STATE OF FLORIDA ~ SS ~Ff ~ Zl PM 3165~2 COUNTY OF~ ; ~ 1O ST~~I~UC~E~rsonally apPeared BONITA NANSEN KEYES, an unmarried woman, to me well known and known to me to be tl~e individuals desctibed in and who executed the [oregoing instrument, ~ and acknowledged before me that they executed the same for the putposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 23rd Day Of At1g113t ~ 1975 ~ F X ~ `i"'_ ~ • ~ j ` ~ly Commission Expires: June 30, 1979 Nota~l~Pu¢Nc, ~ta[e~A~? lori 8 S arge = ~ ~ ~9 ;4 : _ y: ~y. : : : ~;~~°'o _ ; - v,,~;~ ! C:'~~ . ~ . ~ o " 243 eaGE1774 60GK ~~a ~v~.• ,•,:n~ _ ~ _ .s. ~ ~ y . e-='*~~ ~ . p-w - -a'r- ~r'+. -~'f,+i't^~;:} ~ '.y~ i x~.~. w.t . " . . . - . ~ ~ -'~'~'^~x . . .