HomeMy WebLinkAbout0587 5-41,293-2
Ihia m~wlga~tr .~r ulhrr Ir~mlr~ .d IiUr lu Iha• nnKtf~~c..l p~upr~t~ h~ r~~~ugu~~lnucul uf ~hr inJrhtrJ~.~~ ~ccutrJ twrchy, aU rqthl. UUe
anJ inletrsl u( Ihr \SurlKaKur m ~nJ 1u :~ny imuran.r ~d~ri.+ Ii~rn ~u I~~rra• ~h~N pa~+ lu Iha purch~~rr ~a Kianlra.
(h) f~~ pttrutnt, cumply ~~hh ~nd abiJr I.y rach .,n~l a•~•rr~ Ih. ,Upu1~lM~n~. ~Krrrmrul~. aunJ~lk~m and cuvrnanl~ in v~J pt~nni~v~ry
notr a~x1 in thi~ J~~aJ ~rt f~~rth.
(i) IAat if any uf v~J .un~~ ~•f m~~nr~ lir~rin ~rf~rr.J tr~ t~o ~a~t pr~~ru~~tl~ anJ IuU> ~u~J ~v~th~n Idlarn d~y~ or~~ :~I~~t ~lii wrn ~r~rrall>
brrun~rs Jur J111I ~ti)JIIIr'. 11f if rach .ind r~i•~~ Ihr .upuldwm. .~Krrr~hrnl~. cuu~hlM~n. enJ <<~~rt~.~nh uf ~.ud pr~~~n~w.r~ nntr rnd Ihn
derJ. ~~r rrthrr, atr ~N~l full~ p.v(urmrJ, cumphrd ~~Hh anJ .ihiJrJ h~ . Ihr ~aK1 .~~~r~~~lr ~um manlN~naJ ~a v~d pr~~~ni~~~~~> n~~tr .1+:~11 I~r
~untr Jue and ~i~q~hlr iurlhaith ~~r Ihr~aaftcY :u tNr upN~~~e uf Urr 1b,rlK~g,.• full~ .~nJ ~umplclrh a+ if lhr uiJ aggr~Katr .wu uf +a~J
prur.t:+wrp nulr ~~a~unKfuall) .IipulalrJ h~ hr p.~N) un~urh .L~y, rn~Ihu~K m ~~.1 {xum~.wr>' nul. ~~r lie?r~n lu Ih. runuary n~rl~ulh~t~ndu~~.
U) Th~t in urJrr tu accrlaralc thr nwturil~ uf Ihr ~nJrhtrJn.~c h~Yrl.y ~~turrJ, br.au~r ~~t ~hr failurr ~rf N~c Mur~gag..r t.. {u~ JII) 1:!\.
acscvn~rnl. IiaAility. nAGga~6•n ur rnrun~br~n.r u~~,n ..uJ pru~xrt~. a, hc~.in pruv~Jrd. it ,hrll nut hr n~cc..:ir} ur rryui~~Ir that Ihr .
nN~rtgagra cl~~ll firxl poy thr cunr.
~ 2. The 1Nortgagee may, at his uptiun, and withcwt wai~ing his right t~~ ~ccelerate the indebtednes~ hereby +ecu~ed
and to forecluse the same, pay either beforc or after deliyuency any or all uf Ih~?se c~en~in uGligations requirrd by the lerntti `
hereof to be paid by the Mongagur tor the pn?tertiu~ of the murtgage security ur fur the collectiun of the indebtednesx
hereby secured. All sums so adranced ur paid by the \longagee shatt be charged into the murtg,age account and become ~n
integral pa~t the~eof, subject in aU resp4rts to the tem~s, cunditians, and co~rr?ants uf the afuresaid promistiory nute, and this
mortgpge. as fuliy and to the same extent as though a part of the origi~tal indebtedness evidenced by ~aid note and secured by
this morigage, eYCepting howe~er, that said sums shall be repaid the Mortgagee forthwith upon its dem•rnd and be in addition
to the regular monthly installments pruvided by the mungage note. ~
3. That the abstraN or abstracts of titk coyering the mortg~ged prope~ty shall at all times, during the 6fe of this '
mongage, remain in pos9es~n of the Mortgagee and in event of the foreclosure of this murtgage ar other transfer ot title tu ~
the mottgaged property in extinguishment of the indebtednesc secured hereby, all right, title and interest ot the ~to~tgagur in
and to any such abstracts of title shall pass ta the purchase~ or granlee.
4. To the extent of the indebtedness ot the ~lortg~gur tu the Nortgagee described herein or secured hereby, the
Mortg,agee is hereby subrogated tu the lien or liens and to the rights of the owaers and holders theteaf of each and every
mortgage, Gen or other incumbrance on the land described herein which is paid and/or satisfied, in wfiole~ur in part, out oi ~
the pmeeeds of ihe loan described herein or secured hereby, and the respective liens of said mortgages, liens or uther incum- ;
branc~s, shaU be and the same a~id each of them hereby is preserved and shaU pasc to and be held by the biortg,agee herein as ~
security for the indebtednesc to the Mortgagee herein describecl or hereby secured, to the same extent that it would have been ~
preserved and vrould have been passed to and been held by the Mortgagee had it been duly and regularly a~signed, trans- ~
ferred, set over, and delivered unto the Nortgagee by separate deed of assignment, notwithstanding the fact that ihe same {
may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and ran- i
celled of record by the hofders thereof at or about the time of the recurding of this mortgage.
S. in the event the ownership of the mortgaged pmmises. or any part thereof, becomes vested in a person other than
the Mortgagor, the Mortgagee may, with.out notice to the Mortgagor, deal with such successor or successars in interest with
reference to this deed and the debt hereby secured, in the same manner as with the Mortg~gor without in any way ~itiating or
diccharging the Nortgagor's (iability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged
and no forbearance on the part ot the ~lurtgagee, and no extensiun of the Ume for the payment of the debt hereby secured ~
given by the Mortg~gee shall operate tu release, discharge, modity, change" or affert the originat liability of the 4furtgagor ~
herein eit6er in v?fiok or in pan. " ~
6. The lien of this deed secures and shall eontinue to secure payroenE of said indebiedness or indebtedness, howrver ~
e~idenoed, whether by sa~d promissory note or any renewal or extension thereaf or substitute therefor-, or otherwne, until all
such indebtedness shal! have been fully paid. ~ - -
7. In ~he e?•ent the ntort,qugurs se//, cunret• nr ?ronsji r Ilre murlRaged pre»tises clurii~g llte life c?jlhis nturtguge, the~~ . ~
this mo~tgctRe s/w!/. at ~he opuon uj the :~lurtgagec herei?r. becontc i?nrrieJietr!?• due u~k! ~rahle fur ~/ie j'ull stu~r ujlhe '
principal balurx•e a?xl interest t/rc?r due.
8. The terms "Mortgagor" and "Mortgagee" whene~rr used in this instrument shall inctude the heirs, per~~nat repre-
sentatives, successors and assigns of the respectire parties hereta Wherever used the singutar number shatt inctude the plura) '
and the plural the singular, and the use ot any gender shall include att genders. '
~ ~
Sign . sealed a el' ' ed n the p nce of: ~ iSeal) }
~ ~ ~ '
. t,. f~ -~u..-,tipir~ (Seal)
('.L.Ov _
STATE OF FLORIDA ~ ~ _ ~
COVI~~ 1 UF ~ ~ ' F
• C ~e ~
Before me personally appeared HOMER DANNER and WANDA DANNER, h18 wife
to me well known and known to me to be the indi~~iduals described in and wfio executed the foregoing instrumenf, and ~
, xknowledged before me that they executed the same for the purposes therein expressed. Wf TNESS my hand and official seal ?
in the County and State last aforesaid this Sth day of May, 1978. ~
` ~,E = ~ r tt. ~ " .
My Commission Expires:Jutle 30, 1979 ~ t~ Notary Publi~~$~atee}t~~ ~ 8t Large ~
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