HomeMy WebLinkAbout0891 Our File 5-41,477-1
Ihn m~MtKe~r ur ulhrt Inn,l'rr uf ~iUc lu Ihr nu~r~~.~grd pn.~,r~l> ~n r~t~n~u„hu~rnt ,~t ~hr ~~Klrbt.dnr.~ ~rcwr.t hrrrny. ~n nKhl, tUlr
anJ inlrrrst u( Ihr \1urlKa~~a ~n and 1.. rn~ ~murrn:r 4r~G~~i•~ Ihcn m lur.r ~hall p~~~ N~ Ihr pur~hatirr ur Kt~ulre.
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uutr anJ in thi~ JrrJ srt (urlh
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brr~~mr~ Jur auJ pf>ahk•. u~ d r.~~h .iud r~r~c tlir .ti~~u4~u~~n.. .~Krc~•~nrut.. .nnJU~•w. ~nJ .u~av~,~M. u( ..nJ ~x~:m~.v~r> nn~r oud Ih~~
dr.J. ~~r rrtl~rr. ~rr ~w~l ~ull) prrl~~rmrJ. .~~mpl~a•d ~utl~ .~uJ .~b~Jrd b~,.ll~c ,.,~J .~~K~~•k.ita•.um mrnuuurd u~ v~d pn~m~,.~.r~ uu~a• .h.,U br
r~~mr Jur ~nJ p~>~hlr f~~rtl~~~ith ~•r thrrrattay :~t ~I~r ~~ptu~u ~~t ~h.• \I~.~tFaKra (ull> .~nJ i~:mplrlrl~ i( tl~r ~~d .~gg~rK:~lr .um ~~1 v~J
{tt~~nu.w~) n~~tr ~~nK~a:~ll> .t~pul~t.•d I.r p~al ~~n.u.h ~Lit.:iu~ lh~n~ ~n cud ~x~~m~.w~ ) n.Hr lirrr~n lu ihr cunlrar~ IM~1~~IIII~Idi1J111~.
f)) Ihat in urJrr Ur ac~clar~lr 11~~ uiatu~rt~ ~~f Ihr iud.blydnr.+ hrrcQY .~~urrJ. bra-ru~r ~.f Ihe (rilurr nf Ilir S1utlK:qc~~~ tu p'r) an)' tat.
~~~r+,:nrnl. Inhitil}. ~.bligrlM~n ur rnrumbranrr u~r~n w~J pnyx•~1>. I~crc~n pn~v~dcJ, it ~hall nu~ A~ mar~wr) ur rryui~~~r Ihat Ihr
murt~a~eat• ~hall (ir.t p.+> thr vn~r
2. The ~tort~gee nwy, at his option, and with~,ut v?ai~ing hi. ~ighl t~~ acrelerate the indebtcKtix~ hereby tiecured ~
and to foreclose Ihe wme, pay eithe~ beforc ur af1e~ deliyurncy any or all of Ihusr certain obligalionx reyuired by the Icrrtn
hereuf to be paid by the Murtgagur (o~ the protea:tion of the murtgage .ecurity or for the collectio~ uf tFie indebtednezc
hereby secured. All sums so adwanced or paid by the ~tort~gee shal~ he charged into the mortg,age account aixl be~wme an.
integral~ part thereof, subject in aq respects tu the terms, conditions, and co~enants ut the af~iresaid prumiuury note, and this
mortpge. ac fully and to the same extent as though a part ot the origii?al indebledne~ e~idenced by said nute and secured by -
this mortgage, excepting howr~+er, that said sums sh:~tl be repaid 1he Mortgagee fotihwith upon its demand and be in addition ;
to the regular monthly inuallments provided by the mortg;~ge note.
3. • That the abstract or abstracts of title co~ering the mortgaged pruperty shall at al) times, during the Gfe of this
murtgage, remain in posses~iun of the Mortgagee and in e~•ent uf thc toreclosum uf this mortgage or other transfer nf tide to
the murtgaged property in extinguishment of the indebtrdne.~ secured hereby, all right, title and i~tere~t of the Nortgagur in
and to any such abstracts oi titie shaU pass to the purcl~aser c,r grantee.
4. To ihe extent of the indebtednes-~ uf the ~lortg:igor to the ~tortgagee described herein or secured hereby, the
Mortgagee is hereby subrogated to the lien or lienx and to the rights ot the owners and holders thereof of each and every
mortgage, lien or other incumbrance on the land described herein w~hich is paid and/or satisfied, in wfiok or in part, uut ~~f ;
the proceeds of the loan de9cribed herein or secured hereby, and the respeMive liens uf said mortgages, liens or uther incum- `
branres, shall be and the same and each o! them hereby is presen•ed and shall pass to and be held by the Mortgagee herein as
security for the indebtedness fo the Mortgagee herein described orhereby secured, to the same extent that it would have been
preserred and Jvould have been pa~sed to and been held by the Mortgagee had it been duly and regularly a~igned, trans-
ferred, set over, and delivered unto the Nortgagee by separate deed uf az,ignment, notwithstanding the fact that the same
may be satisP~ed and cancelled uf record, it being the intention of the parlies hereto that the same will be satisfied and can-
ceiied of record by fhe huiders iherroi ai ut ai,uui tiir iiu~r ~f iitc tn~rdiijg oi ihis morigag~.
S. In the event the ow~nership ot the mortgaged premises, or any part thereuf, becomes vested in a person other than _
the Mongagor, the Mortgagee may, without notice to the Nortgagor, deal ~with such successor or successors in interest with
reference to this deed and the debt hereby secured, in the same manner as with the Nortg,agor without in any way vitiating or
discharging the Mortga4$or's liability hereunder or upon the dcbt hereby securecl. No sale of the premises hereby mortgaged
and no forbearance on the part ot the Nortgagee, and no extension of Ihe time for the payment of the debt hereby secured
giverr by the Mortgagee sha0 operate to releace, discharge, mudif~, change or affect the original liability of Ihe Mortgagvr
herein either in wfiole or in part. . ~ .
6. The lien of this deed secures and shall continue to secure payment vf said indebtedness or indebtednecs, how~e~•er
Ii evidenced, whether by said pmmi~ory note or any mnewal or e~tension theieof ur wbstitute therefor, or otherwi~e, until all '
' s~ch indebtedness shall have been fully paid.
` ? /n N~e ei•ent f/re nrurtXuKurs s~•Il, c~,?n•e~t~ ~,r ~ru~ts~er /Ire~ nr„rt.¢uYrc! prentisc~s ~/urrnR I/te /iJc njt/ris nt~,rtQukr. then
~ this )?JMIQt7gL' s/ta1l. at !he ~?ptiuii ~,j tlre Afur?YU~e~e hcrein. he•c ~,nrc~ intmr~/iutrlr ch~e mec/ ~w?~ah/c Jnr t1~~~ Jul/ srun nj'!he
,
~ pri?rcipal hvlanc•c mu/ iutc~res~ tl~cn diic ~
8. The terms "~lortgagor" and "~tortgagee" ~henever used in this instrument shall include Ihe heirs, per~nal repre-
sentatives, successon and assigns of the ~especti~•e parties heretu. 1Yhe~e~er used Ihe cingalar number shal) include the plural
and the plura! the singular, and the use of any gender shall include all genden. _ .
Signed, sealed and Iivered,Sn th nsence of: ~ Q~ ~ ~a~l
ISeall -
. .
i
~ STATE OF FLORIUA, -
~ COUNTYR~. Lt1C~@ "
Before me personally appeared DELIA MAE KING, an unmarried woman
~ to me well known and known to me to be Ihe indi~iduais descrihed in and.who executed the foregoing in~trument, and
~
~ acknowledged before me that they executed the same for the purp~xes therein expre~ed. WITNESS my hand and official seal
~ in the County and State last aforesaid this 27t11 d8y Of Ma3T ~ 1978.
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My Commission Expirrs: June 3O i 19,~~p ~p REC~Y F~~ Notary Public. Stat~~d~' . _ a... ~e ;
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