HomeMy WebLinkAbout0342 our file ~~5-40,840-1
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T6P. ~~W~..•~w~yl:~v~ hi. ~~plion, anJ ~~ilhuut N:111111Q III~ fIS;III h1 arcclcra~r Ilic ind.•INrdnr.. hcn b~~ +cru~~Yl
and tu TorecTiS'E~ th~ wmc:'~y2flhcr ~fun or after ikliqurnry an)• or all of ihou rcrtain ~~hlizalion, myuimd by thc Icrms
hereof to be paiJ by thr \1url~aLur for the prolecliuu uf fhe mer~Y,:~~e .~curity ur for Ihr cu0rction uf t6e inJrM~dne..
hereb~' ~erure~l. :11) .um..o ad~aneed ~rc paid hy ~hr \1ur~wg~'~ •~~ail t?e charged intu Ihe morlgaw accuunt and becu~m an
integral part thereuf. ~ubjert in a0 re.pects tu 1he trrmc. ~Y~nditiuns. and cu~rnant, uf Ihr :~forew+d promi"un~ ~~ute. and thi.
mort~ge, :u fully •rnd to thc.:ime exlent ~ though a part of the original indebtednecv c~iJeu~rd by wid nutc and rer~~reJ h~•
this morlQage, exrrpting howr~rr, that v~id :a~m> shall Ue np~id thc ~fortgagce forthwith upun itc c~emand and 1?e in aJdition
to the regular monthly installments pn?~ided by the m~~rt~ge nute.
3. That ~the abstract ur abstracts of title n?~ering the mortgaged properh~ .hall at al) time~, during the life uf thi.
mortga~, remain in posx~~ion o( the ~fortga~ec and in event of the fomclo.ure of this mortgage ur othc~ tran.fer of tiNe tu
the mortgaged property in e~tinguishmeut of the inJebtrdne.s secured hercb}•, all righl, title anJ inten~t u( the ~1ort~gur in
and to any such ab.tracts of titk shall pa.~. tu the purcha.er ur ~ranlee. •
4. To the extent of the indebteJnr~. of the ~1~~rt~gur lo the ~lortga~~ described herrin or wcur~~1 herrb~~, the
Mortgagee is hereby subrugated tu the lien or liens :~nd to the right. of the oWners and haldrn Ihenyri of e~rh and e~~er~•
murtgage, lien or other incumbrance on the land describecl henin which is paid and/o.r +atisGeJ, in ~~hole ur in part, out uf
the proceeds uf the loan desrribed herein ur .ccured hereby, and the res~tive liens of .aid mortgages, liem or other incum-
brances, shall be and the same and each of them hereby ~ti presen•ed and shall pa~~ to and be held by the ~forl~gee herein a.
~ecurity for the indebtrdnes~ to the ~tortgagee herein descrii?ed or hereb}• ~cured, t~~ Ihe s:wme ex~en~ that it W~uuld ha~e been
presen•ed and would ha~~e been passed to and been held by the ~torikagee had it been duh• and re~ularly a+~igncd, tran.-
ferred, set o~er, and delivered unlo the ~lurtga~;ee b}• sep:~rate deed of a~~ignment, nolwithstanJi~~g the fact Ihat ihe wnie
may be satitified and rancelled of rece~rd, it being the intention of the parties hereto that the ~me will be .ati~ficY1 and c~n-
celled ~f record bv the holden thereof at or abuut the time of thc recurding of this mortgage.
S. In the e~~ent the ownenhip of the mongagecl premises, or anp part thereof, become~ ~e~ted in ~ peru~n vthrr th:~n
the Mortgagor, the ~lortgagee may, without notice to Ihe ~tortgagor, deal w•ith such succc~sor or succeca?n in interest With
reference to this deed and the debt hereb~~ securc~f, in the same manner s. with the Uort~~r w~ithout in any way ~itiating or
discharging the ~tortg.~tgor ~ liabi~ity hereunder or upon Ihe debt herebY xecured. No sale of the prcmis~h herebv murtgagetl
and no forbearance on the part of the ~tortgagee. and no e~tensiun of the time for the paymeni of the debt I~ereby ~ecured
given by the ~tortgagee ~hall operate to relratie, discharge. mudifv, change or af(ect the original liability of the ~tortgagor
herein either in whole or in part.
6. The lien of this deed ~ecures and ~l~all continue tu secure payment of said indehtedness ur indebledne.., huHe~er
j e~idenced, whether by wid" promitson nute ur any rene~~al or c~tensi~?n thereuf or ~uMtitute thcrefur_ ~?r otherw i.e, until all
~ wrh indebtedne„ shall ha~c been full}• paiJ. '
f 7. /n tlre• ~~rrrtl llte~ ?rt~~rt,yu~~,n si•/I. ~ r ~nrc?' ~~r !ru!t~/<•r tltr nr,r~iu.~r~l /~rr?ni~r? elurii~k t/lr lilr u! 1lti. nt~,rt,~~~~e~. ~h~•rr .
P tlris n~~x~.Ku~r slru!/. ur N~~~ u~~~ir~n ~~J t!?~~ ,I/,~rlYctkcr Itrrcin. hcrn~qi• iutrric~lrulrh~ ~lur ~m~l /~u?vhlr l~,r t/r~~ l~rl! ~urrr ~lr~•
r
~ /»in~~i/~ul hUl~itc•r un~l l~~f~'~rst tlre•n cl~u.
~ fi. The Ierms "~tortgagor" and '~~torlgagee" Whene~er u.ed in thi~ instrumcnt ~hall include the hcir., pera,nal repre-
sentati~~es,.uccec~ors :~nd a~cigns of the respecti~e partir+ heretu. 1~here~~er osed the.ingular number.hall include the plural
and the plural the .ingular. and t• of am• :endcr ,hall inclade all genJen.
~
Si ed.sealed :~nJ del' in the .~ncr of: "~'~'Q
t Sc al l
Cl ~ ~
STATE OF FLORIDA ~
COUI~TY O
~ ~~J~IE
R~ Bef~~re me penonally~ appeared T. REED GOLDEN and BETTY D. GOLDII~i ~ his wife
to me well known and knoMn to me tu be the indi~idual. dc~.cribed in anJ who r~ecuted the foregoing in.trument_ and
~ ae{cn~v?iedged befom me that the}• e~ecuted the.~+me fur the purpu.e. thrrein e~prc~ud. 1YITIVESS m~ hand :md official.eal
~ in the County and State 1a~1 aforcwid Ihis 17th , day of March, 1978. ,
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~ FILEO A!1C~ RECUhJE~ ' ~ ' ~ g
~ My Cummivion Expire.- JUII@ 3O, 1979. S1 IUCt~ COUNT`f Fi~1,~~tar~~ Puhlir. Sl:~tc of,'.~~r1~8 e
F~;c ? Pfi'T~AS ,
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o R 284 3~ ~~~y -:,,,,i: ~
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