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HomeMy WebLinkAbout0243 ~ • ' • Our F11e 5-35,574 tAu ra1~~~e u~ o~~sr u~sate~ of INIs Iu ~M ~a~~~~N /tooerly ~e taun~u~sAwe~1 01 1As ~nds0~sdnsss sc.wed ~crob~. ~11 n{A~, u~lc ~M i~~ete~~ et d~t Ma~tuw ~M to a~y ~~iwa~e~ plic~~s tAse ~w feres sA~ll M~i to ~Ae ?wc~~ssr a w~n~ss. (A) Te oerfaw, cw~ly ~r~~A ~~d ~~~s ~y e~cA aM evetr Ws ~h/d~uo~a. ~{rte~e~u. toad~uoas aM covsna~ts ~w ss~A auw~ssay •ots su~ i~ tA~s deN sst faM. l~ )~at ~t ~~r of ra~~ swu o[ ~er Aers~s ~e(sned ~o ?e sot Key~ly aM tully Pair ~uA~n t~(tce~ daYS ues~ alu~ Ws aawe sc~e~~lly bscow~~ A~c ~ad P~Y~ete.a ~f ~~cA aM evtty tAe s~~~l~uous. ~{~ee~ents. cond~~~ous sM eorenants of sad ~a~ia. saY uete ~nd tAls dssd. a e~~Aer. net fullr rerfor~sd. co~olisl ~~u snA s?10sA by. the s~~0 aurcp~c s~ +~c~t~one0 i~~~ prosasaY aote sA~ll ?eco~e dre ~nd Ny~sls terM.r~d~ a Msrt~fler ~t Mt o~t~ou o( tAt Mor~{~~ss as t~lly ~s0 cowPiettly ~s ~f !At s.~a .aves.~e sw~ ut s~~d ~a~~axar so~e ~r~s a~~~~ally suoulN~1 ~e be O~~A o~ sncl~ A~Y. anyd~m~ ~n i~~d ~ow~~so~y se~e a Aere~e to tAe contrpY nolr~thsl~s0~n~. ) TAaf ~s aaer to accslN~te iAe w~tun~r o/ tAe i~de?ts~uess Mercor seured. Oec~we of ihe ta~l~re ot ~Ae ~«~~a~a ~o o,r asr ssss~sisenl, I~aA~lity. obl~~~uon a encuu~br~~ee uoon si~~ peperty. as ~e~s~A ~oviled. shall sot be aeces~uy a reau~siu th~i Me inat~s~ee shsll first py tAe sa~e. ~ a 2. Thc !Nort~a~ee may. at his optioe. and without waivin~ his ti~ht to accelecate the indebtedness hereby secured and to foreclose the ssme, pay eithet betore or a[ter delinquency any or ali of those certain obli~ations reqwred by the terms heroof to be paid by the Mo~tta~ot for the protection of the mc?rt~a~e security or for the col- . lection of the indebtedness heteby secured. All sums so sdvsnced or paid by the Nott~~`ee shall be cha~~ed into the mort~a`e account snJ become an inte~~al put thereot. subject in all respects to the terms. conditions, and covenants of the afcxesaid promissory note. and this rtwtt~a~e, as fuliy and to 1he same extent as thou~h a put of the o~i~~nal indebtedness evidenced by said note aed secuted by this mort~ate. exceptins however. that said sums shall be tepa~d the Mort`s~ee forthwith upon its demand and be in addition to the reaular monthly install- meots providcd by the mort~a~e note. 3. Th~t the abstract or absuacts of title coverin~ the mott~sjed ptopetty shall at all times. durin~ the life of this mort~a`e, remain in possession of the Mort~a~ee and in event of the .foreclosure of this mort~ase or other ~ itansfer of title to the mott~a~ed property in extin~uishme~t of the indebtedness secuted heteby. all ri~ht. title and interest of the M~msa~a in and to any such absuacts of title shall pass to the purchaser ot ~tsetee: ' 4. To the extent of the indebtedness of the Mon~asor to the Mort~asee de:ctibed hetein ot secured heraby. the Mott~a`ee is hereby subro~ated to the lien or lie~s and to the ri~hts ot the ownets and holdets theteof of each ~ and every mortta~e, lien or other incumbrsnce on the land described herein wfiich i: paid ud!or satisfied. in whole or in part, out of the proceeds of the loan de:c~ibed heroin or :ecured hereby, and the re~pective liens ot said mo~t~a~es, liens or othet incnmbrances, shall be and tbe same and each_of them hereby is pnsarved and th~ll pass to and be held by the Mort=a~ee herein as security fot the indebtedness to the Mort~afee herein described or hereby secured, to the same eatent tbat it would have been pta:erved and would-have been passed to and been held by..che. ~lore~aiee hsd i~ beea duly and re~ululy assi~ned, transfened. set ovet. and deliveted unto the Mort- ~a~ee by separate deed of assi6nment. notwithstandin~ the fact that the :~me may be satisfied and cancelled ot recad. it be~n` the intention of the patties hereto that the same will be satisfied and cancelled o( record by the holders thereof at or about the time of the tecordin~ of this mort~a~a - S. !n the event the ownership o( the mortja~ed premises, ot any part thaeof. becomes vested in a person other than the Mort~a~or. the Mort~a~ee may, without notice to the Mort~:~or. deal with such successor ot suc- cessors in interest with roference to this deed and the debt hereby secuted. in the same manoer as with the Mort- ~a~or without ie any way vit~atinf or dischat~in~ the Mort~s~ot's liability hereunder or upon the debt hereby secured. No sale of the ptemisea hereby mort~ajed and no torbearance on the put of the Mort~a~ea. and no ex- tension of the time for the psyment of the debt hereby secured fiven by tt~e Mort~a~ee shall operate to nlease. dischar~e. modify, chan~e or affect the ori~inal liability of the Mortfasor herein either in whole or in part. 6. The lien of this deed secutes and shatl continue to secutt payment of said indebtedness or indebted- ness. however evidenced. whethet by said promissoty ~wte ot any renewal or extension tl~ereof or substitute there- for. or otherwise. until all such indebtedness shall have been [ully paid. 7. /n ~he evenr the mor~ga~ors sclt, convey or tronsJer the n~o~t~aged p~e~nises during the lije oJ this ~nort- gage, thtn this +no~tga~e shol/. a1 the option oj tht Afortgagte herein, becon~e iin~nediattly due and payable jor the jull swn oJ the principel balance ortd interest rhen due. ~ 8. The terms "Mort~a~ot" and "Mott~a~ee" whenever used in thia instrwnent sfiall include the heits. personal reptesentativ~s, successors and assisns of the respective puties hereto. Wherever used the sin~ular ~ number shall inclnde the plural ~nd the plutal the sintular, and the use ot any tendet shatl include all ~enders. ; ~ `Si~n sealed e re n the sence of: ~ (Seaq s ~Seap ~ - I l~ ~7 ~ ~ STATE OF ~LORIDA ~ ' COUN~ OF~ ~ ss . Before me personally appeared W. B. M~US, 8R unmarried InBII, to me well Icnown and known to me to be the individuals desetibed in and who executed the fore~oin~ ins~rument, and acknowled`ed before me that they e:ecuted the same for the purposes there~n expressed. WITNESS my hand and off~c~al seal ~n the Caunty and State last aforesaid this Z~t~l DSy Of At1gLi8t~ 197.6. ~ - ~ June 30 1979 : Lar e Wy Commission Expires: ~ Notacy Publ~c. Statr~g~'' _ : y . ~ ~ ; ; ~ ~~,-''.'_r~ . . ~t u ~ - ~ .e~' : : ~12 ` ~ +T' ' ~ = . J~ AliD R E ~ 6 : • . ~ ~ - . r. : _ ~ i~ LNC1E COlJ ~ T ~ .ti~,.,;i'zQ~- : ° - - : 34~~83 ~~~oc~ Po~ • ClERK C1itCuIf - . AfGOROYERIf1E11 ~ ~ ~'!•,;rTATE~O~~.~`.,~~. . FnRr 25~ PAGE ~ ~ P~'~~ r. ~ .