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HomeMy WebLinkAbout0017 ' i Our file 5-36,71R ~ 1~~. mur~y~Ke .M r~Ae~ r.ans(r~ u( hlle w ~he mon~a~ed propc~~y m eaun~uuhmte~ u1 tht ~ndeAtedne.s .e~wed nr~cn). ,,11 nrht. ~~Ue ; ' arW ~merect u( ~Ae Nu~~~s~w ~n •nd lo ~n> ~nsursnce pul~c~ec ~Aen ~n lace shsll p~as to ~At purchaser ur ~r~n~te. ~ 4 (A1 Tu per~cwm, .urnplY +~~h and ab~de by each ?~d every tAe st~pulshons, apeemen~s, cond~t~on~ and cov~nao~~ in prum~~aoty < note and ~n tA~. decJ .e~ lorth. ? ! (~1 TAa~ d any ot ~a~d sua~s u( moneY Ae~em ro(erred to be nut promp~lY and lully pa~d ~~tA~n (d~een ~ays ntat alier ~ the s~me ct~e~ally De~anes due and p~ya~lc,a eacA and every 1A~ sapula~~uns. ~~~eement~, CPDJIhlM3 and covenants ot sa~d prom~s- say no~e aod ~Au deed, or euher, sre not (uily per(o~med, coeeplied W~th and aE~ded by, the ,a~d ar~re~a~e swa meauoned m sa~d i prwn~ssw~ note shall becaae dut and paYa~le (w~A~~~A or thereatte~ a~ tht op~~on o( the \1ur~~asee as fully and complelety s~ ~f the t sa~d a~~resate sum ol said p~omiacay note rras on~~nally supulated to bt pa~d m sucA day, anytA~n~ m sa~d ptom~saory note o~ herein ~ lo Iht cant~a~) notr~lhStand.nE. ~ 1 Tn.~ m ordt~ to acctleNU ihe maturuy of tAe mdestedness here~y cecwtd. Decause u( tAe (a~lure o( tAe 4ar~~a~ur ta psy any u~, ~ ?s.ecsmen~, I~ab~~qy, obi~s~uon ro cn~umbrance upon sa~d p~operty, as herem pov~ded, u sha11 not be ne.es.uy a reQu~sue tAat the ~ m.xt~~Ree shall f~r.i pay tAe same. ~ t 2. The ~tortgagee may, at h~s opt~on. and w~thout wa~ving his right to accelerate the indebtedness hereby ~ secured and tu forcclusz the same, pay either before ot aftet delinquency any or all of those ctrta~n obligations ~ required by the tetms hereof to he paid by the ~lortgasor fot the protection of the rrMrtgage security or for the col- 1 lection of thr indebtednesc hereby~secured. All sums so advanced or paid by the ~tortgagee shal~ be charged into - ~ the mortgage account anJ E+ecome an ~ntegral part there~f, sub~ect in all respects to the terms, conditions, and covznants of the af~~resa~d pn~missory nate. and th~s mottgage. as fully and to the same extent as though a part ; of the original indebtedness ev~denced by said note a~d secured by this martgage, excepting however, that said " sums shail be repaid the Aiottgaget forthwith upon its demand and be in addition to the tegulat monthly instali- ~ ments prov~ded by the mactga6e note. • ~ 3. That the abstract or abstracts af title covering the mortgaged praperty shall at all times. during the life ~ of this mortgagr, remain in ~s~ess~on o~ the !1lortgagee and in event of th~ foteclosure of this mortgage ot ather transfer of t~tle to the mc~rtgaged property in extin6uishment of the indebtedness secured hereby. all ri~ht, title and mterest of the ~lottgagor in and to any such .absttacts of title shall pass to the purchaser or grantae. 4. To the extent of the ~ndebtedness of the Mortgagor to the Nlortgagee described herein or secured heteby, the ~lortgagoe is hereby subrogatcd to the lien or liens and to the ~ights of the owners and holders thereof of each and every mortgage, lien or other incumbranc~ on the land described herein which is paid and.'or satisfied. in ~ whole or io part. out of the proceeds of the loan described herein ot secured hereby. and the respective liens ot ~ said mortgages, liens or other ~ncumbrances, sfiall be a~d the same and each ot them hereby is preserved and shall ; pass to aod be held by the Mortgagee here~n as security for the indebtedness to the Alortgagee 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 t+een duly and regularly assigned, iransferted. set over, and delivered unto the Mort- gagee by separate deed of ass~gnment, notveithstanding the fact that the same may be satisfied and cancelled ot record, it be~ng the mtention of the parties hereto that the same will be satisfied and cancelled'of record by the holders thereof at or about the Ume oi the recording of this mortgaga ~ S. In the event the ownership of the mortgaged premises, or a~y part thereof. becomes vested ~in a person other than the ~lottga~or, the ~tortgagee may, without notice to the Mortgagor, deal with such successot ot suc- cessors in interest K•ith reference to this deed and the debt hereby secured, in the same manner as with the A1ort- gagor without in any w•ay vit~ating or discharg~ng the Mortgagor's liability heteunder or upon the debt hereby secuted. No sale of the ptemises hereby mortgaged and no fotbesrance on the patt of the Mortgagee. and no ex- ~ tension of the time for the payment of the debt hereby secured given by the Nottgagee shall operate to release, discharge. modify, change or affect the originai liability of the Mortgagor herein either in whole or in part. ; 6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted- ncss, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ ' fot, ot otherwise, until all such indebtedness shall have been fully paid. /n the e~~ent the nro~lgogors sell, convey or transter the mo?~gaged preinises du?ing tfre lije oj this mort• - RaRe, then th?s mortgage shall. at the option oJ the ~lfortgngee herein, btcome emmediately due and payable Jor the jul! sum oj the p?tncipaf balance and interest then dr~. 8. The terms "Mortgaaor" and "Mortgagee" whenever used in thi~ instrument shall include the heirs, ~ personal representativ~:, successors and assigns of the respective parties hereto. Wherever ~sed the singulac j number shall include the plural and the plural the s~ngulat, and the use o[ any gender shall include all gendets. f - ~ - ~ S~gne se ed a el~ e in res ce of: (Seal) ~ f - , f ' .c~ ~ ~ ~ . :NZ! Fl~ ~$t2~~ «l~/ ~~~-l : " ~ ~`,RT ~ I~ ' r ! . - : • - - ~ ~ 35581s STATE OF FLORIDA ~ ~ . ~11 ~o~N~~°~~ ~~5 JaN Z~ 3 u3 PM - Bcfore me personally appeared MEITTHEW J. HEIZM~IN~ .JR. ~ SR unmarried man, ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ' and acknow•ledged before me that they eaecuted the same for the purposes there~n espressed. WITNESS my hand ~ and offic~al s~al in the County and State last aforesaid this 14th Day of .Tanuary, 1977. s - < ~1y Comm~ssion Ezpires: _ Juile 3O, 1979 Notary Publ~c, scac~ or Flvr ,.at La ` : - ~ Y ~ . ~ . I ' F - r w • ' _ _ ~ _ .Jrv; ~ 0 R T. ~ .,U - ~ aoox2 ~acE ~ ~ ..,r,,,,,,.. - , . . - _ . . .