HomeMy WebLinkAbout0397 ~ our file #5-37,314
IAw ~at~~~t a othsr uanafer of utls W ~Ae ~t~~aN /reOaly u~ eau~~ws~~s~~ o~ ~As ~ndsetedncss stiu~ed Aeresy. •11 u~M. ~ule
•ed ~p~s~e~~ o( M~ Ila~~s~w ~e ~M ~ny ~naw~sts pliu~~ tAes taee sA~tl Nas to U?e ~wcA~se~ a ~~~e~ee.
lA) To ~e~fevw, c~yly •~W ~M ~~~s ?y e~cA aud evs~r ~A~ suplNions. ~{~eewseb. eabN~ons aM coven~ais ~e s~~d Oruw~aswy
eoie ~nd U~~s Aed sa tatA.
(i1 1A~~ ~ny of s~~1 s~w of wo~er ws~e~a ~efeneA lo es not pap~ly ~ud /ully Nd ~uh~n f~fle~e Qsys nea~ af~er
Ue i~se sever~lly ~ecowss Au~ ~~N P~fr~sle.or ~f ~~cA aM every ~Ae st~pd~t~oes. ~~eeweti~s. condu~oes aM covicesnts o( s~~d ~ow~a•
aorlr ee~e aM ~A~s dted. a euAer. us no~ fullr Krfon~eA. cowol~ed +ruh and a~~deA sY. ~Ae ss~A s{jre~~~e s~rs ~eal~oncd ~n sa~d
pro~~siay note sA~ll beco~e d~e ~M Pay~sle fa~A~~~b « tAert~tter ~t the oo~~ow o( ~Re Mo~t~s~ee ~s fully and cos0le~ely as ~f tAt
s~~d a«ret~~~ sus o( sa~d ~an~~sory nots ~~s a~~iea11Y supul~ted ~o se ps~d on sueA O~Y, aaytAm~ ~n sa~I paeissar notc a Aere~n
to IAe toMr~tY not~r~lAttaedny.
V) Th~t ~o a1e~ ~o seeslente the wtur~~y of tbe i~dslteAeess Attter sec~wed, eec~we ol ~Ae (~~I~rs ot ~Ae Mat~~~a ~o oay ~ny ua,
assea~iaene~ I~as~l~tr. o?I~i~um a encws0~~nce uoon s~~d ~op~rtr. ~s Aere~n ~ovi/ed. u sAsll not pe ae.es~ary a reou~s~te tAat the
e~a~q{ee shall f~n~ Ny tAe s~~e.
2. The Mott~a~ee may, at his option. and without waivin~ his ti~ht to accele~ate the indebtedness hereby
secured and to foreclose the same, pay either before ot aher delinquency any or all of those cettain obli~ations
required by the terms heteof to be paid by the Mott~a~ot for the ptotection of the m~tt=a~e secutity or for the col-
lection of the indebtedness heteby secured. Atl sums so advanced or paid by the 1Aort~a~ee shall be char~ed into
the mort~a~e account anJ become an inte~~a) part thereof. subject in all respects tu the tetms, conditions, and
covenants of the aRxesaid promissory note. and this mort~ate. as (ully and to the same extent as thou~h a part
of the ori~~nal indebtedness evidenced by said note and secured by this mort~a~e. exceptin` however, that said
suma shall be~repaid the M~t~a~ee forthwith upoe its demand and be in addition to the re~ulu monthly install-
ments provided by the mort~a~e note.
3. That the abstract or abstracts o[ title coverin~ the mortaa~ed property shall at sll times. durin` the life
of this mort`a`e, remain io possess~on of the Mott~a~ee and in event of the foreclosute of this mort~aae or athet
tnnsfet of title to the.mort~a~ed propetty in extin~uishment o[ the indebtedness secured hereby. all ri~ht, title
and interest of the ~hm~a~or in and to any such ab:aacts of title ahall psss to the purchaser or srsntee.
4. To the extent o( the indebtedness of the Mott~a~ot to the Mort~a~ee described herein or secured heteby,
the Mo~t~a~ee is hereby subro~ated to tAe lien ot liens and to the ri~hts of the owners and holders the~eof of each
and every mortaa~e, lien ot other incumbtance oa the land desctibcd herein which is paid and!or satisfied. in
whole or in part, out of the ptoceed: of the loan described her~in ot secured l~eteby. and the tespective liens oi
ssid mortsa~es, liens ot other incumlxances, ahall be and the same and each of them hereby is preserved and shall
pass to and be held by the Mott~asee herein ss security for ihe indebtedness to the Mort~asee herein described
or hereby secured, to the same eatent that it would have been preserved and wonld have been passed to and been
held by the !Nort~a~ee hsd it baen duly and tesululy assi~ned. ttan:fetted. set over. and deliveced unto the Mort-
~a~ee by separate deed oi assi~nment. notwithstandin~ the fact that the tame may be satisfied and cancelled o(
recocd. it bein~ the intention of the puties hereto that the same will be satisfied and cancelled of record by the
holders the~eof at or about the time of the recordin~ of this mort~a~e.
S. In the event the ownership of the nart~a~ed premi:es. or any part thereot. becomes vested in a person
other than the Mort~a~or. the Mort~a~ee m~y, without notice to the Mort~a~or. deal with such successor or suc- .
cessors in intetest with teference to thia deed and the debt hereby secured. in the same manner as with the Mort-
~asor without in any way vitiatin~ or dischat~in~ the Mort~ajot's li~bility hereunder or upon the debt hereby -
secured. No sale of the pctmises hereby mort~a~ed and no fotbeuance on the part of the Mort~a~ee. and no ex-
tension ot the time fa the payment of the debt hereby secured iiven by the Mort~a~ee shall operate to relesse,
dischar~e, modify. chanie or a~fect the ori~inal lisbility oi the Mort~a~or herein either in whole or in part.
6. The lien ot this deed :ecures snd shall continue to secure payment of said indebtedness or indebted-
' ness. however evidenced. whethet by said promisso[y note ot any renewal or extension thereof or substitute there-
; for. or otherwise, until all such indebtedness shall have been fully paid.
~ 7. In the evtnt ~ht inort~ajors sell, convty or lronsjer Ihe n~ortgnged prernises during the liJe oj this n~o~~-
~ gnge, then this nwrtgagt shalt, at ~he option oJ the Afo~tgagee herein, 6econ~e inunediarely due and peyoble Jor ~h~
E Ju!! surn oJ the priRCipo! balance ond intertst th~n due.
~
! 8. The tetms "Mott~a~or" and "AAort~a~ee" when4ve~ used in this instrument shall include the hei~s,
~ petsonal representativ~s. successors and assifns o[ the tespective pirties hereto. Wherever used the sinsular
~ number shall include the plural and the plural the sin~ular. and the use o( any ~ender shall include all ~enders.
Si~ne . sealed li re in th presen o(: ~~1~~_T~ ~eaU
~~,p ,
f ~C'~=~"'~ I~~" ~Seap
STATE OF FLORIDA
COUNT~~F ~ZE ~ ss ~
MAITLAND H. MITCNELL and LILLIAN E. MITCHELL, his wife'
Before me personally appeared
~ to me well knoyvn and known to me to be the individwls described~in and who executed the foresoin~ instrument.
~ and acknowled~ed befote me that they executed the same for the purposes therein expressed. WITNESS my hand
and official seal ~n the County and State last aforesaid this 14th aay of A ril, 1977
E ~
~ ' .
~ Hr co„~m~ss~o~, EzP~res: June 30, 19~ Notary Public. Sute of Flor „ 1~+$r$~f,~ •
ROEU _ zU~'~~ - o :
FIlEO AND PEC~ : : . : c~ _ - .
St.WC~E COUM r f~~ _ : _
AOGEA PQITRAS ~ ~ - . : ~
~~_FRK C;~CUIT C01lRi . ~ (!~~ti~; :o ' ;
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