HomeMy WebLinkAbout0572 our file ~5-38,996
eA~s watp~e a o~l~a u~nalsi of ~~~It w ~Ue ~t~~~N ~rep~~y ~n •au~~u~xAu~eat m ~As ~~des~edntss ~c.wsd ~rresf. •11 ~,~A~, ~~ue
~ed ~~~ae~~ ef d?s Ma~~~{w ~w ~~Y ~p~W~~1ee plu~si 1Aen ~n fact sA~ll Ns~ ~o ~I~e owc~~sei w ~i~n~ee.
(Al To perlixa~, cuwoly ~r~tA ~?~~e sy s~ci? a~ evsry tAe ~u/rlN~~ou~. ~{~seweei~. coMU~a?s aM covense~s ~n s~~d o~uw~s~ay
~ote ~nd cR~s dee0 sst fxM.
l~ 1 TA~1 ~ey of sa~~ aw~a ol woetY ~t~e~n rs(t~tsd to at not aow~~lr aud /~lly ~~i/ ~~~A~n (~/~~en lsy~ ee~t af~er
~Ae sa~e sever~llr rscowt~ ~re ~w0 NY~lle.a ~f e~cA evs~y tAe st~prl~~~oe~. ~~ressee~s, cand~~~oe~ ~n~ cov~n~n~s of s~~d M~~s•
iay eete aed ~A~s deed. a ei~Ae~. ue no~ (ully perfer~?sd. comol~sd +r~tA ~e0 a~~ded ~y, iAe ~~~d a~~~~~~~e •w ~se~~oeca ~n ~a~0
~a~~~sar ~ote sAall ?ecowt d~s ~nd oaY~sle faMw~~A a tAere~ft~r ~t tAe o0~~on of ~Ae 1Aat~~~ss ~s fully aM cosOle~ely ~s ~f ~Ae
s~~0 ~~{rt{~~e sw ol s~~d ~onu~say ~oie .r~s a~~~~a11Y ~t?Cul~tsd to !t P~~d on srcA d~Y. +~ytA~n~ m ssid pa~~s~wy no~e a ~e~e~n
lo ~he coe~rary wo~~r~that~M~n~.
1 Tha~ ~n ada lo icetlsr~~s ~ht ~natu?~ty of ~As ~ndea~ednsis Ae~esy aecwe0, ascauss ol the f~~irre of ~At hla~~~~o~ ~o e~y ~ny
isse~swte~, lub~hty, o?I~~~hon a~ ancw~M~ece uoon sa~A ~oOs+~y. •s Asre~n ~ov~led. sAall no~ se aecea•ary or reau~s~~e ~Aa~ ~Ae
~a~~stee sAall hrs~ Pay the sa~e.
2. The 4btt~a~es may, a1 h~s aption. and viritAout wa~vin~ his n~ht to accelente the iodeDtedness hereby s
serured and to fo~eclose the same, pay either before or after deiinquency any or ali of those certai~ obl~sat~ons
requ~red by tAe cerms hereof to be paid by the tilort~a~or tor the protection of the nMrtsase security or fot the col-
lection ot the indebtedness hereby secured. All sums so advanced ot pa~d by the ~Aort~a~ee shall be chsrsed into
the mon~ase account anJ become an inte~ral part thereof. subject in ~11 respects to the terms, cond~tions, and
cavenants of the atcxesaid promissoty note, and this mott~ate. as fully and to. the same extent as thau~h a part
of the or~s~nal indebtedness ev~denced by said note and secured by this murt~a~e, ezceptin~ however, that said
sums shsll be repaid the Mottsa~ee forthwith upon its demand snd be in add~t~on to the retular monthly ~nstall- -
ments provided by the matia~e note.
3. That the abstiact or absuacts of title coverin; the moct~a~ed property shall at all times, dutin` the life
of thic mc~tt~a~e, remain in pc+ssess~on ot the A1ott~a~ee and in event of the foreelosute of this mott~a~e or other
transfec ot utle to the mort~s~ed property in extin~uishment of the indsbtedness sec~~ted hereby. all ri~ht. t~tte
and ~nterest of the !1~I~tt~a~or in and to any such abstracts of title shal! pass to the purchaser or ~rsntee.
4. To the extent of the indebtedness o[ the Mo~t~a=ot to the Mort~a~ee described here~n ot secuted heredy,
the R1on~a~ee ~s hereby subro=ated to the lien or liens and to the n~hts of the owners and holder: theteo~ of each
and eve~y mort:a~e, lien or other incumbra~ce on the land described herein which is paid and!or sati:fied. ~n
whole or in part, out oi the proceeds-of the loan described herein ot secured hereby. and the respective liens of
said mo~t~a~es, liens or other incumbrances, shatl be and the samt and each ot them hereby is preserved and shall
pacs to and be held by the Mort~a~ee htre~n as tecurity fot the indestedness to the ~Aort~asee herein described
or hereby secured, to the s:me extent tAat it would hsve been preserved aed would have been passed to and been
held by the ~1ort=asee had it beee duly and te~ularly assi~ned. transtened~ set ovet. ~nd delivered unto the Mort-
~a~ee by separate deed of assi~nment, notwithstandin~ the tact that the :ame may be satisf~ed and cancelled ot
record. it be~n~ the ~ntent~on of the puties hereto that the same will be satistied anA cancelled of record by the
holders thereof at or about the time of the tecordin~ of this mort~a~e.
S. fn the event the ownership of the mort~ated premises. ot snr pstt Ihereof. becom~s vested in a person
other than the Mort=a~or, the ~Oort=asee m~y, without notice to the Mortja~or. deal with such successor or suc-
cessors in intecest with reierence to this deed and the debt hereby secured, in the same manner as with the A1ort-
~a~or w~thout in any way v~t~stin~ or dischar~in~ the Mort~a~ot's liability hereunder or upon the debt hereby
secured. No sale of the ptemises hereby mort~a=ed and no forbeuance on the put of the Mort~a~ee, and no ea-
tension of the t~me for the payment of tht debt hereby secured ~iven by the ylortsijee shsll operate to release.
d~schar~e. mod~fy, chan~e ot affect the otij~nsl liability of the Nort~a~or here~n e~ther ~n whole or in patt.
6. The I~en uf this deed secutes and shall continue to secure payment of said indebtedness or ~ndebted-
ness, however ev~denced, whethet by said promissoty note ot any renewal or extension ti?eteot or substitute there-
for. or otherw~se, until all such indebtedness shall have been fulty paid.
/n tb~ evenr rht ~nortpasors sell, conv~y or ~rartsjt~ thG n~ort~ated pie~ises dujing Pub /~Jt oJ this ~orl-
~a~e, then thes nrort~ate shalt, al the oplion oJ 1bt Alor?gag~e herein. 6~co~ne ~nun~dietely due and puyabl~ Jor tht
Jul1 sun~ oj the p?~ncipal balnnce and inttrest then dut.
8. The terms "Mott~a~or" and "Mort~a~ee" whenever used in this instrument shall ~nclude the he~~s,
personal ~epresentativ~s, successors and assi~ns of the respective parties hereto. 1Yherever used the sm~ular
number shall ~nclude the plural and tAe plural the s~n~ular, snd the use of any ~eeder shall include all jenders.
Sijne~, seale n ~ rcd ~n presence of: 2~~t~ , (Seal)
" ~ Se a I 1
!%4'~'~if,L~ . -
STATE OF FLORIDA ~
COUNTY OF~Q~ ss
Be[orSeTme pLeUon y appeared W. H. FULWOOD and MADELLAN FULWOOD, his wife
to me well known and known to me to be the indiiriduals desctibed in and who eaecuted ~he fore~oin~ ~nstrument,
and acknowted~ed before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand
and off~c~al sesl in the County and State tast atoresaid th~s j~$ttl. dSy of No ember, 19~7.
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My Canm~ssion Expires: JuRe 30. 1979. Nociry Publ~c, State of Flo a~~ ar @
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` f11.ED IE CdUNT
ASI? V - '
st' RpCER POItR ^ .
r ER'~ CtiRCUIt COURT t~ 3~525 . , ~ -
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~EC 5 1135 ~M ~ ~
ec 2?8 ~nct 57~.