HomeMy WebLinkAbout0363 tA~a n~or~~s~e w other ~ransft~ ol u11e tu ~he niat~a~eA property ~n ea~~n~u~sM~en~ 01 IAt ~ndeDtednes~sTCEreQMf!'~, 111T~~iff,~~wr~~
a~d ~nuresl of the Moti~~~w ~n and lo any iniwance oolic~es tAen ~n twct sA~li Psas ~o ~he purtAsscr or ~ran~ee.
(A1 To perlaiu, cumo~Y ~~~h ~ed ab~de by each and every tAe a~~pul~~~ons, aircemceu, conA~i~ons anA covenan~s ~n sa~d prwn~sswy
oott and ~n ~A~a dted set fatA.
e, ? Tn,~ ~r .~y o~ ~.~a s~ or .~?~r n«<~~ ~er~«<a ~o e~ no~ o~o.~~ir sae r~uy oa~e ~~~A~a hheen dsys nea~ al~e~
tAe same severally becaees due aad p~Y~sle.or if eacA ~e0 every tAc st~pul~t~ons. ~~rseemnis, caM~t~ons sod covenanis ot sa~A pro~~s-
sory note snd tA~s deed, or e~~Aer, are not tully oc~fawsA. coepl~ed ~r~th and se~ded by. ~he ~s~d a~{re~~te sum a?cm~oncd m ss~d
pom~ssay note sAsll seca~e d~t ~nd psYsele fo~tAr~~? a there~(ier at tAe oouon o( ~As Mor~~a~ee •s fully and co~npletely ss ~f ~Ae
sa~d s~~re~ate su~ of sa~d promusay eote ~as o~~smally supul~ied ~o Ae pr~d on sucA d~Y. aayth~es ~n and oraausory note o~ Aerein
to ~Ae contnry not~r~thsl~nd~ns.
Q) That in ordu ~o aceeluate the mstunty of tAe indeetedness Aereby secured, because o( tAe ta~lure of ~Ae Ma~~a~w io pay aey ua,
asseasa~enl. I~ab~GtY, obGpuon a encusersnce upon talA OfPptfly~ ss Aerem prov~ded, u shsll not be oeces~ary a roau~s~te ihst ~Ae
mwt~a~ee shall t~rs~ pay tAt sase.
2. The 4lottgagee may, at his option. and without waiving his right to acceletate the indebtedness hereby
secured and to foreclose the same, pay either befote ot after delinquency any or all of thos~_ certain obii`ations
required by the terms hereof to be paid by the Morteaaot for the pcotection of the me~ctga~e security or for the col-
lection af the indebtedness he~eby secured. Ali sums so advanced or paid by the !Nortgaaee shail be chacsed i~to
the mortgage account ancl become an iete~tal part thereof. subject in all respects to the terms, conditions, and
covenants of the aforesaid prom~ssory note. and this mortgage. as fully and to the same extent as thoueh a part
of the orisinal indebtedness evidenced by said note and secured by this mortgage, excepting however, that said
sums shall be repaid the Mort6a6ee forthwith upon its demand and be in addition ta the regular monthly install-
ments provided by the matga~e note. ' ,
3. That the abstract or abstracts of title coverina the mortgaaed property shall at all times. durin~ the life
of this mortgage, remain in possession of the Moctga`ee and in event of the foreclosure o[ this morteaae or ather '
transfet of title to the mottga~ed property in extin~uishment of the indebtedness secured hereby. all tiEht. title
and interest of tht Mutt6agor in and to any such abstracts ot title shall pass to the purchaset or ~rantee.
4. To the extent of the indebtedness of the Mortgagor to the Mort~aiee described herein or secured hereby,
the Mortaseee is hereby subro~ated to the lien or liens and to the ri~hts of the owners and hotders thereot of each
and every mortgaae, lien or other incumbrance on the Iand described herein which is paid and!or satisfied. in
whole or in part, out of the proceeds of the loan described herein or secured hereby. aed the tespective liens of
said mortaages, liens or other incumbrances, shall be and the same and eacb of them heteby is pteserved and shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortga6ee herein desctibed ,
or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been
held by the ~Mrtsa6ee had it been duly and re6ularly assigned. uansferted. set ovet, and delivered unto the Mort-
gagee by separate deed of assignment. notwithstandin6 the fact that the same may be satisfied and cancelled of
record. it being the intention of the puties hereto that the same will be satisfied and cancelled of cecord by the
holders thereof at or about the time of the recordina of this mortaa~e.
5. ln the eve~t the ownership of the mortfa`ed premises, or any part thereof. becomes vested in a person
other than the l4brtga`or. the ~lortgasee may, without notice to the Mortga6or. deal with such successor or suc- -
cessors in intetest with rsfetence to this deed and the debt he~eby secured, in the same manner as with the Mort-
ga`or without in any way vitiating or dischar6in` the Mort~asor's liability hereunder or upon the debt hereby ;
secured. No sale of the premises hereby mottaaged and ~o forbeuance on the put of the Mortga~ee. and no ex-
tension of the time for the payment of the debt hereby secured ~iven by the Mort6agee shall opente to release.
dischar6e, modify. chanse or affoct the oritinal liability o[ the Mortga~or herein either in whole or in part. .
6. The lien of this deed secures and shall continue to secure payment uf said indebtedness or indebted-
; ness. however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there-
i for. or otherwise. until all such indebtedness shall have been fully paid.
~ 7. In the event the mortgago~s sell, convey or transjer the mortgaged p~e~nises during the lije oj this mort-
~ gage, then this mortgagt shall, at the option oj the Atortgoget herten. becornt i?nmediattly du~ and paya6/~ Jor ~he -
~ jull suen oJ lhe principal balance and interest then due.
' 8. The tenns "Mortga`or" and "Mort`agee" when~ver used in this instrument shall include the heirs. :
personal representativ~~. successors and assi6ns of the respective parties hereto.. Wherever used the singular
number shall include the plural and the plutal the singular, and the use of any gender shatl include all genders. ~
~SG~ K~~~K~~y
S~gned sealed d red n e presenc of: (Seal)
~ G ~Seap
STATE OF FLORIDA ~
COUN~1~ OF~D~~ j ss
L. uc e ~
41 Be[ore me personally appeared OSCAR KLECKLEY sad IRENE KLECKLEY~ his wife
~ to me well known and known to me to be the individuals described in and who executed the fote`oin~ instrument,
~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand
and off~cial seal in the County and State last aforesaid this 25C11 Dey of April 7
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June 30,1979 lorida ~ ;~.e ~ Y
~ly Commission Expires: Notaty Public, $tate of
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