HomeMy WebLinkAbout0126 Our File 5-35,765
~A~x nw~i{~~t .x o~Aei u~nsle~ of hilt w cl~e n~o~~~~~tA poOtrty m c~t~n~u~sAment o~ ~Ae ~nde~~edntas ~c.~icd hcr~e~. •11 i~i~i. i~~:c
~nd ~nu~e~t ot ~he 1Ao~~{~~w ~n and 10 ~~y ~n~w~nce pol~c~es tAen ~e (ace sMU oa~~ ~o ~he pwcAue~ a~~•n~ee.
lAI To petlw~n, tumply ~rUh •ed ~O~de oy t~t1~ •nd evcrr ihe ai~pri~i~uns. ~~~ic~wcn:s. ~u~w~:~v:~~ .:.3 :~:z ::::s .a s::3 ~:.:..-.:»~:.:y
note and ~e ih~s deed ae~ (wtA.
Y~ ) TA~1 ~f any of a~~d s~n~~ o~ ewne) he~t~e re(ened to be no~ prwspUY ~i?d lully p~~d ~uA~n IJ~ten dsys nea~ atter i
the asme seve~ally becasts due ~nd paYal~le.a ~f t~cA and every ~he supulauoes. atrcemen~s. cnnd~uoes and covee~nts ol ss~d paw~s•
saY note ~nd tAis deed. or e~~Aer, ~rt eo~ Iu11Y O~rtor~+ed. c~pl~td ~ruh and sb~ded l~), ~Ac ,a~d ~t~~e~a~e swn n+enuoncd m snd
p~on~~ssor~ no~e sMll becumt Oue and payasle fd~Ar~~A a ~Atreal~er •t tAe opt~on o( ~Ae Mor~~a~ec ss lull~ aed con~pletelY ~s ~f ~~e
s~~d s{~re~a~e sun~ ol sa~d prMn~saaY note +~s or~~~na11Y s~~pul~~ed to pe Da~d on sucA da>. anyM~n~ ~n a~~d pam~awY notc a hcrc~n
t/~ IAC cofllr~rY notr~tilsl~nd~n~.
V 1 Th~i ~n wde~ io accele~~~e ~1+e ma~ur~~Y o( tAe ~nde~tedness hereAy secwcd, Decause ol ~Ae (silure o( ~Ac b1a~~a~or ~o pay any ~a~,
asaecsment, lub~l~ty, oel~~~ua+ ~r encumb~ance upon said prope~~y. as Ae~e~n provided. sAati no~ oc ntcesaa~y a rtQu~s~~e iAri rAe
mw~~a{ec sAalt l~~st pay tht saee.
The ~iortgagee may, at h~s opt~on. and w~thout wa~v~nt his r~`ht to acceterate the ~ndebtedness heteby
serured and tu foreclose the same, pay eithet before ot aftet del~nquency any ot sil of those certa~n obl~~at~ons
requ~red by the terms hereof to be paid by the ~1ort~a~or far the protection of th~ me~rtga~e secut~ty ar for the coi-
Iect~on of the ~ndeb~edness hereby secuced. All sums so advanced ot paid b~• the ~lottgagee shall be charEed ~nto
the mortgage account anJ hecome an ~ntegral part thereof, sub~ect ~n all respects to the terms, cond~tions, and
covenants of the af~resa~d prom~ssory note, and th~s mortgage, as fully and to the same eztent as thou~h a part
of the ane~nai ~ndebt~d~ess evidenced by sa~d note and secured by this murttage, except~n~ however, that said
sums shall be repa~d the Alortgasee forthw~th upon its demand and be in addition to the teRular monthly ~nstall-
ments prov~ded by the mott6a~e note.
3. That the abstract or abstracts of t~tle coverin~ the mortgaaed properry shall at all times, dunns the life
of th~c mortgage, rema~n ~n possess~on of the ~1ott6a~ee and in event of the foreclosute o[ lhis mott~aae ot other
transfer of u~le to the mortgaged propetty ~n ext~nQuishment of the ~ndebtedness secLred hereby, all ri~ht, utle
and intere~t of the ~luctga~or ~n and to any such abstracts of title shall pass to the purchaser or 6~antee.
s. To the extent of the ~ndebtedness of the Mo~t~aaor to the Mort~a~ee described herein or secured hereby.
the !?tortgagee ~s hereby subtogated to the I~en or liens and to the n6hts of the owners and holders ~hereof o~ each
and every mortgase. lien or other ~ncumbrance on the land desct~bed hetein which is pa~d And'o~ sati:(ied, ~n
whole or in part, out of the proceeds of the loan described herein or secured heteby, and the respective liens of
sa~d mott~ages. I~ens ot other ~ncumbrances, shall be and the same and each of them hereby ~s preserved and shall
pass to and he held by the Nort~a~ee here~n as security for the indebtedness to the ~1ort6aaee herein desctibed
or hereby secured, to the~same extent that ~t would have been preserved and would have been passed to and been
hcld by the ~lortga~ee had it been duly snd te~ulatly assianed. transferred. aet over. and del~veted unto the Mort-
`a`ee by separate deed of assignment, notw~thstandins the fact that the same may be satisi~ed and canceiied of
record, it be~ng the ~ntent~on of the patt~es hereto that the same will be satisfied and cancelled of recotd by the
holders thereo! at or about the t~me of the recordin~ of this moct~a~e.
S. In the event the ownersh~p ot the_mort~a6ed premises, or any part theteof. becomes vested in a person
other than the !1lottga`or, the ~lortga~te ma`y, without notice to the Mott~s~or, deal with such successor ot suc-
cessors ~n ~nter~st with refetence to this deed and the debt hereby secured, in the same mannec as with the ~lort-
`a~or w~thcut in any way v~t~atina ot dischar~in~ the, Mort~a`ot's I~ab~lity hereunder or upon the debt hereby
secured. No sale of the ptem~scs hereby mott~a~ed and no [orbearance on the part of the !1lortsa~ee, and no ex-
tension of thc t~me for the payment of the debt hereby secured `iven by the ~lott~aEee shall operatc to release,
! discharge, mod~fy, chan~e ot affect the on`~nal liab~lity of the Nortgadot here~n e~ther ~n whole or in part.
! 6. The lien of this deed secures and shall continue to secure payment of said ~ndebtedness or ~ndebted-
i ness, however ev~denced, whether by said prom~ssory note or any tenewal or extension theceof or subst~tute there-
~ for, or otherw~se, unul atl such indebtedness shall have been [ully paid.
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~ 7. ?n 1he ev~n? tht mortgogors sell, convty o? t?ansJtr the enortgagtd pre?n~sts dunng tht !iJt oJ this ~ort-
~ gaAt, then th~s n~o~tgnge shall, ot !ht oplion o/ tht Aforlgaget herten, beco?nt ~r+imed~alely du~ and paynblt Jor ~ht
s Jull sum oJ ~he pr~nc~pal balanct and ~nreresr then dut. ~
~ . 8. The terms "Mort~a~or" and "Mort`a~ee" whenever used ~n thi~ ~nstrument shall include the heirs,
~ personsl representativ~s, successors and assi`ns o! the respective parties hereto. Wherever used the s~ngular
nue?ber shall include the plural and the plurat the s~nEular, and the use of any sender sha{I ~nclude all senders.
S~~ned, s aled and ~ve d in p sence of: (Seal)
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~ ! ~Seai)
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~ STATE OF FLORIDA ~ ~
~ ~~~mT~.~~~ 1 SS '
,:ti J t . i.u~.ia:. -
Before me personally appeared MAXINE L. ROLLE ~ an unmarried Wom3il ~
z to me well known and known to me to be the ind~viduals described in and who executed the fore`om~ ~nstrument.
~ and acknowled6ed before me that they executed the same ('or the purposes there~n cxpressed. WITHESS my hand
~ and off~c~al seal ~n the County and State last aforesa~d this 17th Day of September, 1976
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~ ~1y Commission Esp~res: Jut1e 30, 1979 Nocary Publ~~{ lieed~~-_`'~lori 3t rge
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