HomeMy WebLinkAbout0304 ~ Our file 5-36, 737 .
~ th~. mur~K~Kc u~ ~~~Ari ee..n.tc~ ~d i~tlc 1.. ~fi~ murtr~js~ pupei~y ~n e~~~ntunAeneN ul ~Ao indeA~~~nr.. .e~ wrd Gr~e~~~. .al; ~~~Et. t~~le
~nd ~n~c~e.~ ul ~he \i.~~ii~~ui ~n ~n4 ~u •nY ~n~ur~n~e pulia~e~ then ~n Im.e ~h~l) pa~a ~o the pw~~~~cr u~ K~~n~ee.
IA1 pr~l~~~m, •..mpll M~tA •nJ •t+~dc A~ e~cA and evetY IAt a~pulNiunr. •~icem~nh, iond~~~un. ~nd ~r,+en~n~. ~n vid pr,~m~~wry
nu~e ~nd ~n ~h~. dtrJ .r~ IurtA.
l~ 1 TAa~ J~nr ot ~~~d sum. ul mone~ here~n rclened to De nu~ peumptlt anJ luli) pa~d ~i~A~n ti(teen ~~Y~ nta~ al~er
Ihe s~me .e~c~~lly tr~i~mes due •nd p~Ya~le.ix ~t e~ch and evcry ~he a~~pul~~~ons. ~R~eement., .~md~~~on. and co~enana o( ~a~J prwau-
~ixy note and tMs decd. ur e~~Ar~, a~e no~ (ully perlormed. ~ompl~eJ ~~~A rnd a~~ded A~, ~~c aKricia~e tiwn men~~oncd m snd
pr.wm.sun n.,te shall Aecume due and p~~~ble fa~Arith ~x t~e~eal~er at ~he optron u( ~he \Im~R~~ee as lylly ~nd comple~elY as ~f iAe
.a~d •~irts~~e wrn ol sud ~n,n+~~vuy eott ra~ w~~~oally +hpulated io De pa~d m tucA d~)'. ~nytA~na io ss~d prom~titiory no~e or Aere~n
t.. thc :antrary no~~~~h~undinR.
1~ 1 ih~t ~n nrdci io ~cceieu~e tA~ mawr~~~ ot_~he mdebted~e~• hereAq ~ecwed. ~e~au~e ul ~he la~lure ut ~Ae ~i~W~~t~~.~~ ~o pay aey u~,
•a.r..mem, I~~n~l~i>, ~~l+I~~at~on rr..umhr~nce upon ~a~d rrope~~Y. as herem pr..v~ded. .hrll not be ne:e..ary a reQws~~~ ~Aa~ ~he
mo~tR~Re~ ~hall hr.t pa)' tAe +~mc.
Thr \turtgager ma~~, a~ h~s nphon, and w~thout M~aiving h~s nght ~o acceleratr the ~ndebtedness heteby
.ccureJ and t~~ fortcl~~se th~ ~amr, pay either before or after dei~nquency any or all of thuse certa~n obl~gau~~ns
reqwred hy thr terms hercof to be paid by the \lortgag~~r fur the protection of the mortgage secunty or for the ~col-
Ircu~~n ~~f the indebledne~. hcreby srcured. All sums so advunced or pa~d by the ~lnrtgagee shall be charged ~nto
thr mortgagr a~c+~unt anJ hea~me an integrai part thrrc~?f, sub~ect ~n all tespects to the ~erm~, condu~ons, and
c~?vrnants ~~f tht afurcyaid pmmissory aote, and this mortgage, as fully and to thr same extent as though a part
of the ong~nal ~ndebtedness ev~denced by sa~d note and ~ecured by this mortgag~, except~ng hawever, that said
sums shaU be tepaiJ the \tottgagee forthwith upon ~ts demand and be in addition to the tegular moothly ~nstall-
ments prov~drd by the mortgage note.
3. That the ahstract or abstracts uf title covering the mortgaged property shall at all times, during the life
of th~s mortgage, rema~n ~n ~ossession of the ~torlgagee and ~n event of the foreclosure of this martgage or other
transfer of t~tle to the mortgaged property in extinauishment of the indrbtedness secured hereby, all riEht, t~tle
and intetest of the ~tortgagcx in and to any such abstracts of title shali pas~ to the purchaser or grantee.
a. To ~he extent of the indcbtedness of the 1~Mrtgagor to the !~lortgaaee dcscribed herein or secured hereby.
th~ ~tortgagee ~s hereb~• subrogated to the I~en ot liens and to the rights of the owners and holders thereof of each
and tvery mortgage. I~rn or other ~ncumbrance o~ the land descr~bed hetein which is paid and'or satisfied, in
whole or ~n part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages. I~ens ar other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall
! pa~s to and he held by the ~lortgagee here~n as securiry fot the indebtedness to the Mortgagee herein described
~ or hereby srcurrd, to the same extent that it w~ould have b~en preserved and would have been passed to and been
i held by the ~lo~tgagee had it been duly and regularly ass~gned, transferred, set over. and delivered unto the Mort-
i gagee b~ separate deed of ass~gnment, notwithstand~ng the fact that the same may be saUSfied and cancelled of
record, it be~ng the intent~on of the patt~es hereto that the same will be satisfied and cancelled of record by the
I~~ holders thercof at or about the time of the tecordinE of this mortgage.
i 5. In the event the ownersh~p of the mortgaged premises, ot any patt thereof, becomes vested in a person
other than the \k~rtgagor, the \tortgagee may, without notice to the blortgagot, deal with such successor or suc-
cessors ~n ~nterest ~~th refetence to this dced and the debt hereby secured, ~n the same manner as w•ith the ~tort-
gagor w~thout ~n any way v~t~aung or d~schatg~ng the Mottgagor's liability hereunder or upon the dcbt hereby
'I secured. No sale of the premises hereby mc~rtgaged and no forbeatance on the part of the hlottgagee, and no ex-
tens~on of the time for the payment of the debt hereby secuted given by the ~lortgagee shall operate to telease,
i discharge, mod~fy, change or affect the orig~nal liability of the ~lortgagor here~n either in whole or in patt.
~ 6. The lien of this deed secutes and sha{1 continue to secure payment of said indebtedness ar indebted-
j ness, however ev~denced, whether by said prum~ssory note or any renewal or cxtension thereo[ or substitute there-
t for, or uthetw~se, unt~l all such indebtedness shall have been fully paid.
~ 7. /n the eti•enr the morlgagors sell, convey o? r.ansJer ~he nrortgaged prernises du?ing the liJe oj this mort-
~ QoAe, then thrs mo~tgnge shall, a/ Ihe option oJ the SlortRogee here~n, become inunediQtely due and paya6le Jo~ ~he
~ Jult sun~ oJ Ihe pnnc~pal balnnce and fnlerest then due.
8. Thc terms "!Nortgagor" and "Nortgagee" whenever used ~n this insttument shall include the heits,
I personal representativ", successors and assigns o( the respective parties hercto. Whetever used the singular
~ numb~r shall ~nclude ~he plural and the plucal the singular, and the use of any gender shall include all genders.
I ~ ~
S~gned, sealed and del~vereJ in the prcsence of- (Seal)
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a~~-~~ L~, ~.~~I~ ~Seal)
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~ STATE OF FLORIDA I
{ c STJ LUCIE~ ) ~1 ~
! Before mc personally apptared W. E. GODWIN and FRANCES W. GODWIN, his wife~
to me w~ell known and known to me to be the ~ndividuals described in and who eaecuted the fotego~ng ~nsttument,
and acknowledged before me ~hat they executed the same for the purposes thetein cxpressed. WITNESS mv hand
and offic~al seal in ~he C~unty and State last aforesaid th~s 15th Day of January~ 19~~.
~1y Comm~ssion Expires: _.JUA@ 3O, 1979 Notary Pu61~ie,:State of Florid I r
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