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HomeMy WebLinkAbout1777 Our file 5-33,157 tlis ~o~t~a~e w u1At~ trans(ei o( u11e w ~he mat~s~ed ptoperty ~a eaunauuAment ut ~he ~ndeb~cJness stcwed Ae~eby, ~11 ~i~M, htle snd ~n~e~est o( tl?e Mw~N{u~ ~^d ~o +~Y ~^s~uance poliues then ~n twce sAall pass ~o ~he purcAau~ a t~~nue. lA) To pcrtnm, cwsply rnlA snd aA~de by escA and every tAe s1~pu1slia?s. ~~reemeots. cond~uons snd cavenantY ~n sa~d prum~cso~y . noie snd ~n iA~s deed ar+ tv~sR. i l~1 That d ~ny o! sa~d swns u( wooey here~n refened to be not Oto~spUy and fully pa~d wuA~e fd~een Qsys eeat apee ; Me ssme se~e~slly becases due and parisle,or ~f each and every the at~pula~~ons, a~roemeets, caed~hons and corensn~s of s~~d pto~is- ~ spy no~c aad tA~s deed. a e~~he~, are no~ Iu11Y 0«[orised. cospl~ed ~rltA and sb~ded sy, tAc sa~d auresate sum ment~oned ?a sa~d p~o~~saaY pote shali becows due and OsYable tortArith a lAeresttc~ at 1Ae opt~oa o( tAe Mat~s~ee ss (ully a~d coropletely as it the s~~d at~rep~e suw of sa~d promissay eote was a~~~nally shpul~ted to be ps~d on such diy. aaYth~n~ ~o s~~d prom~ssay note or Aere~e to ~Ae coe~nry not~ruhstand~n=. 1 Tlut ~o order to accele~~te ~At wtunty o! the indebtedaess Aeresr aecured, because of tAe f~~lure of tAe Mat~a~or ~o psy any ua, ~ asaessa~em, lub~l~ty, oblua~ion M encwab~~nce upon s~~d p~ope~~y, as Aere~n providcd. ~t shall nol be eecesc~ry a requ~s~le 1h~~ the mat~s~ee sAall t~rst pay the ssae. 2. The \tortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after deliaquency any or all of those certain oblisations required by the terms hereof to be paid by the Mort6aaw for the protection of the mc~rtgage security or for the col- lection of the indebtedness hereby secuted. All sums so advanced or paid by the !Nortga~ee shall be char6ed into tht mortgage account anJ become an inte~ral part thereo(. subject in all respects to the terms. conditions. and covenants of the afaresaid promissory note, and this rtwrtgage. as fully and to the same extent as thou6h a part af the otisinal indebted~ess evidenced by said ~ote and secured by this mottsa6e. excepting however. that said sums shall be repaid the Alottgsgee forthwith upon its demand and be in addition to the regulat monthly install- ments pcovided by the mottgage note. 3. That the abstract or absuacts of title coverina the mortgaaed property shall at all times. durin6 the lik of this mortga6e. remain in possession of the Mortgagee and in evcnt of the foreclosure of this mottgage or other ~ransfer of title to the mortgaged propetty in extin~uishment of the indebtedness secured hereby. all ri~ht. title and interect of the Mortsagor in and to any such absttacts of title shali pass to the purchaser or atantee. 4. To the extent of the indebtedness of the Mortga~or to the Mortaagee described herein or secured hereby. the lllortgagee is hereby subcosated to the lien or liens and to the ri6hts ot the owners and holders thereof of each and every mortgase, lie~ or other incumbtance 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 or secured hereby, and ihe respective liens of said mortgaaes, liens or other incumbrances, shall be and the same and each of them hereby is pnserved and shall pass to and be held by the Mortgaaee herein as secutity for the indebtedness to the Mortgagee herein described or hereby secured, to the same eatent ihat it would have been preserved and would have been passed to and been held by the !lbrtgagee had it been duly and re6ularly assigned, transferred. set over. a~d delivered uato the Mott- 6asee by separate deed of assi~nment. notwithstandins the fact that the same. may be satisfied and cancelled of record, it being the intention of the puties hereto that the same will be satistied and cancelled ot record by the holdets thereo[ at or about the time of the recordin6 of this mort6a~e. S. In the event the owners6ip of the mortgaaed ptemises, w any part thereof. becomes vested in a person other than the !Nortsasor. the Nort6a6ee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gaaor without in any way vitiati~g or dischargina the Mort6a`or's liability hereunder or upon the debt hereby secured. No sale ot the premises hereby mortgaged and no forbeuance on the put of the Mortasgee. and no ex- tension of the time for the payment oi the debt hereby secured 6iven by the MottgaEee shall operate to release. discharae. modify. chanae w atfect the oti~inal liability of the Mortgasor herein either in whole or in part. 6. The lien of this deed secures and shall contiaue to secure payment of said indebtedness or indebted- ness. howerer evidenced. whether by said promisswy note or any renewal ot extension tbereof or substitute thete- for, or otherwise. until all such indebtedness shall have been fully paid. 7. !n the evenf the ?nortgogors sell. convey or trassfer the mortgaged prernises during the lije of this niort- gage, rhen Ihis mo~tgage sholl. at the option oj the btortgagee herein. become inunediatcly due and payable Jor the jul[ swn oJ the prencipal balance and interes~ then due. . 8. The tenns "Mortga6oi ' and "Mortgagee" whenever used in this instrument shall include the heirs. personal representativ~~, successors and assi6ns of the respective parties hereto. Wherever used the sinaular j number shall include the plural and the plural the singular. and use of any gender shall inclode all genders. ; ` ~ ! ~gned. seal and 'v ed in e pr sence of: (Seal? ~ , E ' ~Seaq ~ STATE OF FI.ORIDA ~ COUNTY OF j ss ST.LU~ ~ . ~ Before me personally appeared JE~S W. LEWIS attd HELEN N. LEWIS ~ his wf fe ~ to me well known and known to me to be the individuals described in and who executed the fore6oina insuument, ; and acknowledged befwe me that they executed the same [or the purposes there~n expressed. WITNESS.my hand z and official seal in the County and State Iast aforesaid this 2$th D8~1 of August, 1975 i ~ - : ~ ~ ~ G ~ ~ ~1y Comm~ssion Expires: Jut1e 30, 1979 Notary Public. Statd~ol~` ~~~~'i~~l ~ e . ~ ~~10T : 0•~ ; n> ~ ' _ = ~ f LEA ~z,;~Q 31s.5~3 = ~ ~.i~~~~,cvwi~~~ ~'pV 8 L1 C~ ~ . 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