HomeMy WebLinkAbout0632 Our file 5-36,221
~A~s mo~~a~Re w otAe~ u~ns(e~ of u11e w ~Ae mor~~a~ed ptoper~y ?n caun~waAaien~ u~ ~he ~ndc~u~nesa .c.u~ed nereef. +u n~A~. ~~~Ic
and ~n~sre~~ ot tAe 1Awi~~~w ~n ~nd ~o ~ny insw~nce pohc~es ~Acn ~n lacs sAall ~ss w ~Ae pwcAsse~ or ~~an~ee.
(hl To pe~IMin, cwnply rntA sed •b~dt py s~cA •nd every tht st~pul~t~ons. •~~eemm~~s. cond~t~ons anA co•tn~nia ~n s.:a ar;,m,sso?y
note s+ed ~n ~Ma Oeed ac~ fortA.
i TA~t ~I rny of aa~A susa ol naney Aere~n refened Ia se no1 praapHy snd (ully pa~0 ~u~~n f~l~een days ne~t ~hp
the s~iwt severally becanes due ~nd p~Yasle,or ~t eacA and eve~y tAe s~~pulst~ons. ~~reements. co~di~~ons aeA covenan~s of ~s~d p~aa~s.
sav no~e and tA~s deed, or e~~her, ~re no~ (ulty perfora?ed, co~plied W~ih snd a~~ded o1, ~Ae .a~d a~~~e~aee sww n~ea~,oeed ,n aa~d
prnwuasa~ no~e shsll becane due an0 payselc fa~hMitA or ~ht~qfier at t~e op~~op o( u+e Nwl~a~ee as iuily snd con~pieuiY as ~i ~he
s~id a«re~~~c su~u ol ~a~d pamaeory no?e Was a~~~nailY supul~~ed to se ps~d on sucA d~y, anytA~n~ in ca~d prom~sso~y nou a Aere~n
to ~he conlrary nownAs~anO~n~.
1 Tha~ ~n o~de~ to acceleraee ~he matun~y of tAe ~ndebudness he~esy secwed, because ot tAe Ia~lure o( ~Ae Mai~a~or ~o psy sny ~aa,
assecsmen~, I~aS~1~ly, obl~~al~on « encumbrsnce upon ss~d preperty, as here~n pro~~ded, ~i sAall not Ae ne.es~a~y a reQu~si~t ~h~t ehe
n+wi~a~ee sha11 f~rct oay tAe same.
2. The ~tortgagee may, at his opt~on. and without wa~vinR his r~ght to acc~le~ste the indebtedness hereby
scrured aod tu foreclose the same, pay either before or after delinquency any or all of those certa~n obl~aat~ons
required by the tcrms hereof to be paid by the ~1ort~aaor for the protection of the mortgase security or for the col-
lection of the ~ndebtedness hereby secured. All sums so advanced or paid b~• the ~1o~tgagee shall be charaed ~nto
the mottgage account anJ become an inte6ral part thereof. subject ~n all respects to the terms, conditions, and
covenants of the aforesaid prom~ssory nate, and th~s mottgage~ as fully and to the same extent as thou~h a part
of the at~sinal indebtedness ev~denced by said note and secured by this nartgage, excepting however, that said
~ums shatl be repa~d the Mortga6eo forthwith upon its demand aod be in addit~on to the regulac monthly ~nstail-
ments provided by ~he mortaage note.
3. That the abstract or abstracts of title coverins the m~rtga6ed property shall at all times, durins the life
of th~c mottgage, remain in possession of the Mortgasee and in event of the foreclosure of this mortga~e or other
transfer o( utle to the mortgaged property in exti~~uishment of the indebt~dness sec~ted hereby, all n`ht, t~tle
and ~nterest of the ~lortga~or in and to any such abstracts of title shall pass to the purchaser or grantee.
0. To the exttnt of the indebtedness of the Mort~aaor to the Mottaa~ee described herein or secured hereb~r.
tht Alottga~ee is hereb>~ subtoaated to the lien ot liens and to the r~ghts of the owners and holders thereof of each
and tvery mortgage, lien or other incumbtance on the land desct~bed herein which is paid qnd!or satis[ied. in
whole or in part, out of the pr~ceeds of the loan desctibed herein or secured heteby, and th~ respective tiens ot
said mor4tages, l~ens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall
pacs to and he held by the Mortsaaee here~n as securi~y !or the indebtedness to ~he !11or~ga~ee hetein described
or hereby secured, to the same extent thst il would have been preserved and would have been passed to and been
held by the \1o~taaaee had it been duly and re`ulatly assi6ned, transterted, set over. and del~vered 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 ~ntent~~:~ of the parties hereto that the same will be satisfied and caneeti~d of record by the
ho~dots thereof at or about the time of the recordin` of this mott~a~e.
S. (n the event the ownership ot the mo~t`a~ed premises. or any part thereof. becomes vested in a person
other than the tilortgaaor, the llostga=ee m~y, without notice to the hlort~a6or. deal with such successor or suc-
c~ssots in ~nterest with reference to this deed and the debt hereby secured. in the same manner as with the ~1ort-
~asor without in any way vitiating ot dischatgin` the Mott~adot's liab~lity hereundet or upon the debt hereby
s~cured. No sale of the ptemises hereby mortgased and~ no forbeuance on the patt of the Mortgagee, and n~ ez-
tension of the time for the payment of the debt hcreby secured siven by the tilortgagee sha{; ~E.,.:a;c rclease,
discharse, modify, chanae or affect the orig~nal liability of the ylortgasot here~n either ~n whole or in pact.
6. The lien of this deed s~cures and shall continue to secure payment of said indebtedness or ~ndebted-
ness, however evidenced, whether by said promissory note ot any tenewal or extension thereot or subsutute there-
for, or otherw~se, until all such indabtedness shall have been fully paid.
7. ln the event the +mortgagors s~ll, convty o? trQnsjer tltt mo~tgnged premises du~ing rhe liJe oJ th~s mo~~-
gaRt, then this mo~lgage sholl, el 1ht option oJ tht Afortgagee herein, becom~ inunediateJy due and payable Jor rhe
ju/1 surn oJ Ihe pr~ncipaf balanct and inrerest th~n due.
8. The tertns "Mort~a`or" and "Moctsagee" whenovet used in thsc ~nstrument shall include the he~rs,
personal ~epresentativ~~, successors and ass~gns of the respective parties hereto. Wherever used the s~ngular
numb r shall ~nclude the plural a he plutal the s~naular, and the use of any gender shall include al! genders.
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i S~an , sealed e red n presence of: ~ (Seal)
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f ~Seal)
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~ STATE OF FLORIDA ~
E f 55
~ COUNTY OF ~
; ST.L
Before me personally appeared BESSIE MOORE, an unmarried woman,
to me well known and known to me to be the individuals descnbed i~ and who executed the fore6om~ instrument,
~ and acknowledsed befote me that they executed the same for the purposes there~n expressed. WITNESS my hand
a~d off~c~al seal ~n the County and State last aforesaid t s 6th Day of November, 1976
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~ ~+ty Commission Expires: _ Jut1e 30 , 1979 Notary,P~`~ict Statt qt1J'~ Florid St e
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