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HomeMy WebLinkAbout0935 . , ~ Our file 5-33,810 thu mo~t~a~te .N o~Ar~ tran,tu oi utle w~he mo~iXa`ed ptopeity ~n e~unru~~~meni ui ~Ae indohtednc.~ .e.u~ed Acieh>. ~i; nK~t, ~~~Ir •nd ~n~ere~t o( ~Ae \lur~~a~w ~n ~nd to any ~nswance .~oi~c~es tAtn ~n (orce s1s11 pass io ihr pu~ch~ser or xi~n~ee. (hl To pcri.wm, .umplY W~~h •nd sb~de by eacA ~nd evuY ~~e stipulahons, a~seements, cond~~~on~ •nd covenams ~n ..~d p~~,mnsury nott ar.d ~n ih~. deed .c~ fortA. 1 TAaI any uf sa~d sums ul money herem ~e(encd to At no~ prompUY ~~d (ully pa~d ~uMn 1~ftecn Qays neat attcr lhc same sevcrally beiwnes due and payahle,w eacA and every IAe supul~t~ons, a~~eemen~s, cond~uues •nd covenanls ol sa~d praeis- say nole and th~s decd, or euAer, are not (uliy p.rformed, compl~ed wnA and sDided ~Y, ~he .~~d a~~re~ate swa mem~oned m sa~d promusoty oute shall Decome due and payablt (ortAruh or lhereal~er at t~e opuoe o( tAe ~lortta~ee as fully and complelely as if !he sa~d a«re~ate awa of sa~d p~om~acay note ~ss or~~inallY st~pul~ted to be pa~d an suth dsy. any~A~nj ~n sa~d prom~saory note a ~ere~n to tRe cun~~aty notr~thsland~ns. V 1 Tha~ ~n ader to acceferate iAe matur~ty of ~he ~ndcbtedness he~eDy secured, bccause o( the (a~lure ot tAe ~1a~~ea~or ~o pay any taR, •s~e.smeot. I~aA~l~ty, obl~~atuu~ M encumDrance upon sud p~ope~ty, as hercm pro~~ded, shall no~ be ne.es~ary cr reQwsue that the mu~t~a~ec shall f~rc~ pay thc same. 2. The \iottgagee may, at his opuon, and without v?~a~v~ng h~s tight ,a accelerate the indebtedness heteby secured and tu foteclost the ,ame, pay either before or after delinquency any or all of those cectain obligations required by the tetms hereof to be paid by the \lortgagor for the ptotection of the mortgage security ot for the col- lection of the indebtedness hereby secured. All cums so advanced ot paid by ~e !~lottgagee shall be charged into the martgage account anJ become an integral part thereof, subject in all respects to the terms, cond~tions, and j covenants of the afotesa~d prom~ssory note. and this mortgagc, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, exceRting howevet. that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- • ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged p~ope~ty shall at all times, during the life of this mortgage, remain in passcssion of the ~lortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property ~n extinguishment of the indebtedness secured hereby, all right, ti~le and intere~t of the ~lortgagor ~n and to any such abstracts of title shatl pas~ to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the ~1lortgagee described herein or secured hereby, the ~tottgagee ~s hereby subrogated to the lie~ or liens and to the rights of the owners and holders thereof of each and every mortgage, I~en or other incumbrance on the land described herein which is paid and!or satisfied. in whole or in part, out of the praceeds of the loan described hertin or secured hereby, and the respective liens of said mortgages, liens ot 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 foc ehe 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 ~lortgagee had it been duly and regulatly assigned. transferred. set over, and delivesed 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 parties hereto that the same will be satisfied and cancelled Qf record by the . holdets thereof at or about the time of Ihe recording of this mortgage. 5. In the event the ownership of the mortgaged pre~nises, or any part thereof. becomes vested ir a person other tkan the 4lortgagor. the \7ortgagee may, without notice to the Mottgagor. deal with such successor or suc- cessors in interest K•ith refetence to this deod and the debt hereby secured, in the same mannet as wiih the hlort- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ~ secured. No salc o! the premises hereby mortgaged and no forbearance on the part of the Mottgagee, and no ex- ~ tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. , discharge. modify. change or affect the original liability of the Mortgagor herein either in whole or in part. t 6. The I~en 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 renewal or extension thereof or substitute there- ? ! for, or otherwise, until all such indebtedness shall have been fully paid. `f 7. In the event the morlgagors sell, convey or t.ansfer the mortgaged p~emises du?ing the liJe oJ this mort- ` ` gage. then rhis moitgage shalt, at the oyrion oJ the Afo?tgagee herein, 6ecome inunediately due and payable Jor the ' ~ Jul[ sum oj the principa! balance and inte~est then due. ' 8. The terms "Mottgasor" and "Nortgagee" whenever used in thi~ instrument shall include the heirs, ~ personal representativ~:, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plutal the singulat, and the use of any gender shall include all genders. ~ i ~ ~ . ; ~ ~ Si ned, seale and 've d~n presence of: ~ (Seal) ~ ~Seal) ~u~ ~`:~t~~ STATE OF FLORIDA ~ COUNTY OF l SS ` ST.LU~ ~ - ~ Before me personally appeared CHARLES RAY DICKENS, SR unmarried IDSII~ ~ ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument. ` and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ and offic~al seal in the County and State last aforesaid this 23rd Day of Deeember, 1975'. ~ . . - , ~1y Commission Expires: _ Ju~[le 30, 1979 Notary Public. State of Flor ~(t$~~ 8t Y` LED ~'y~~ P,~~~~~~*, _ ' ~ ~ : ti f~.~ue1~ ~c~ulq?t ~ - - ti- ~ ~ ~ : o s aoK ci~ :i,~~ ~ou~~ o.'~'~ ~ = , ~E~OR ~R~F~Ep 2 ~ - J~-..,~ , o~- ~~6 3 ~~2` . 5 q ~ ~ ~ E~~~: ~-f ~ ~ ~ ~ ~ ~35 ~ ~ = ~ ~ 4~ _ ~ " . _-~~,~:y