The URL can be used to link to this page

Home My WebLink About0128 Our File 5-42,159-4 thia m~Klga~r u~ .~thrr 1~•rnstrr u( titlr h~ Ihr murtg.~rd pruperl> ~n r?ungui.Amr~U u( thr i~NfrAtrdnr~+ ~rcurrd hrtrhy, ~U righl, titlr and intrrrsl ot thr Mor~raRu~ ~n anJ tu any iuwr•rncr ~~lic~rs thrn m(~~~~r ~hall prss lu thr purchaur ut ~ranlrr. (h?Tu perfurm, cumply with anJ abiJr by r•rch rnJ erery Ihr s~~pulatama. •rgrrcmrnts, cunditw~ns anJ cuvrnants in ssid prnmiswry nule anJ in this deed sel (o~lh. lhal ~f any ot sa~d sums nf munry herrm rcferrrd to bt nul {uumptl)' and tully pr~J wuhin ti(trrn Jay~ nr~t -rfttr tht samr +rcrrally berumes d~ie and payabk. ~,r if rach anJ rvrry thr stipulah~~m. agrrrmrntc, n~nduw~n~ r~d co~rnants ot w~d prunu~w~t~ nute and ~hh deed, or rithtr, are not fuUy pert~umed, .nmpl~rd ~vith ~nd ab~Jrd Ay, tht s~W aggre~ale ~um mrnl~unrd m v~d prom~»ury nolt shall hr come due and payable fu~th~nltA or lhrrrafttr al 1hr opuun of thr \tortgagre a~ (ully and complrtrly a~ it ehe saiJ aggrrgatr +um o( s~id prom~sxxy note was ongmally supul:~leJ to he p~~.1 un ~uch 3~y, an~U~mg m v~J ~xumisx~rp notr or htrein to lhe con~rary ~ulw~th~tand~ng. (j) That in :~rdrr to accrlrrale Ihr malunty uf 1hr indrbtrdnrss hrrrhy sr~urnd, hepuse uf tht (ailutr uf Ihe l~turtgagur to pay any tax, :assrasmant, liability, uhligaliun ur rncumD~amr u{x~n eaid pruprtty, as hrrrin pruvidrd, it shall no~ be oecrssary ur reyuisitr that thr mortgagrr shalt first pay thr samr 2. The Mortg~pgee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after deliyuency any or all of those certain obGgations required by the terms hereof to be paid by the Mo~tgagor tor the protection of the mortgage security or for the co0ection of the indebtedness hercby secured. AQ sums so advanced or paid by the Mortgagee shall be charged into the mortg,age account and become an integral part thereof, subject in all respects to the terms, conditions, and cov~enants of the aforesaid promiscory note, and this mortgage, as fully and to the same extent ac though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the Mortgagee torthwith upon its demend and be irraddition to the regular monthly instaUments provided by the mortgage pote. 3. That the abstract or abstracts of title covering the mortgaged prope~ty shall at all times, during the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or othe~ transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and inteiest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee_ 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or iiens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrdnce on the land described herein which is paid and/or satisGed. in w~hole or in part, out of the pmoeeds of the loan described'herein ~or secured hereby, and the respectjve liens of said mortgages. liens or other incum- brances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortg,agee herein as security for the indebtedness to ihe Mortgagee herein described or hereby secured, to the same extent that it would hsve been preserved and would have been passea to and been held by the Mortgagee had it been duly and regula~ly assigned. trans- ferred, set over, and delivered unto the Mortgagee by separate deed ot assignment, notwithstanding the fact that the same may be saticfied and cancelled of record, it being the intention of the pa~ties hereto that the same will be satisfied and can- celled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ov?me~ship of the mortgaged premises, or any part thereof. becomes vested in a person other than the Mortgagor, the Mortgagee may, withoat notice to the Mortgagor, deal with such successor or succes9ors in interest with refercnce to this deed and the debt hereby secured, in the same manner as with the Mortg,agor without in any way vitiating or disct~arging the Mortgagor'~ liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured ' given by the Mortg,agee shall operate to release, diccharge, modify, change or affect the original liability of the Mortgagor ~ herein either in whole or in part. ~ ' ~ 6. The lien of this deed secures and shall continue to secure paymeet of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all ~ such indebtedness shall have been fuUy paid. . ~ 7. !n the event the mor~gagors sel1, convev or tmnsjer the mortgaged premises JuRng the lije of this mortgage, tlrer~ this nto~tgage shal/, at the oplion oj tfte ,lfortgagee herein, beronre immediale/v due and pvyable Joi 1he ju!! sunr oj the ~ principol balance and inte~est d?en Jue. ~ 8. The terms "Mortgagor" and "Mortgagee" whenev~er used in this instrument shall include the heirs, personal repre- ~ sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural ~ and the plural the singular, and the use of any gender shaU include all genders. ~ ~ • y~ J~S~ S' , sealed de r in e presence of: ~ED AND RECOi1CE ~ 0 ' al) . uCiE COUMtr Fl~ GCFa PO1TiA5 ~ ~ r t';?CU1t C~U (Seal) ~ • • ct" ~ t ~ Auc 9 12 no PM'Z ~ 4l3[~00 ~ STATE OF FLORIDA ~ ~ COUNTY O ~ sefo~e me pLe~ona~(y appeared B ENJAMIN H. CROSBY and DORIS A. CROSBY , h i s wi f e - to me wetl known and known to me to be the individuals described in and who executed the foregoing instrument, and - = acknowledged before me that they executed the same for the purposes therein expressed. N?ITNESS my hand and ofP~cial seal in the County and State Isst aforesaid this 26th day of July, 1978. '3 r~ . • ' ~ June 30 1979 (tiota Public State of - - My Commission Expires: ~ rY . _ ~ ' _ - . . - . ~ , ' ~ ^ ~ s; ~ R 2g2 F~G~ i26 9~J, ~ _ - - - - - _ a ; - ~ ~ k y ~ ~ ~...~~,-.~s~.,x~~ ~ ~„~~ti'°~~ y`~-~~ar. ~ ~ _ ~"~`^-~'.sy ~~c`~ ~s~F~ - r ~.,-~-~'~x~..c•~-== _ ma~.`~,.:~' ~