The URL can be used to link to this page

Home My WebLink About0659 Our File 5-42,781-5 Ihis m~K:gr~tr i~r ~~thrr Iransfer u( title lo Ihe mixl~srrd prope~ty in tal~n~uishment ~~f Ihe itwlc~~rJnrss tircutrd Arrrby, ap ri~Rl, litk and inlerest uf Ihe Mc~~t~~Ror in snd !u any iosuranre p~IKies lhen in t~~rce sha{I psss tu ~Ae purchaser or paolre. (A)Tu perform, cumply wilh and abide by each snd every the slipulatN~ns, s~reemcnts, cundilw~ns an~f a.vrnant~ in ssid pr~~miswty oole and in this JceJ set furth. (i) lhat if any of siiJ sums ~t munry Aerein rcfarred to ht m~l {+rumplly rnJ (u11Y p+iJ wNhin (J~ero dny~ nrr~ rflrr Ihr ~ame ~+rvaally Dtcomrs dut and psYrhk, or d tach anJ rrery 1he ~Upulat~on., r~trtemenh, a~nduw~m ~nJ a~ve~unh u( w~J ~~~mi~v~ry m~tr and Ihu derd, u~ eilhrr, a~e m?t fully prrf~xmed, romplMrJ N7lA JMI ab~drJ hy, thr.:wN1 r~re~ate.um meMM~nrJ m v~J promi~W~ry nMrihall hc .omr Jue and paYahle fMlhwhh or ~hrreafter at Ihr optN~n thr M~~~IKa~ae ac fully and cumpletrly ~f the uid r«reRatr wm uf ~aid prom~ssury mile N~sor~mally sUpulated t~~ hr paid on aurh ~y,an~lh~n= m yN! ptum~«nry noteor he~rm to thr ati~Mrary d~tw~th~lynd~~. . (j) 7hat in urJet to acerleratr lhr malunty of Ihr inJebtrdnru Aerrhy savu~rJ, Arcausr ot tht (rilurr uf thr ~1url~~ur a~ psy any Isx, :usrs+mrnt. IiahiGly. uhl~~trtN~n or rorumtxante up~~n saiA proprrty, aa hrrein pruviArJ, il ~hyll n~N hr nrcrwry ur rryuiiilr thst Ihr murt~a~tee sh~ll tiru pay ~hr srmr. 2. The Monpgee may, at his option, and without waiving his right to accelente the indebtedness hereby secured . and to toreclose the sarne, pay either before or after deliquency any or all of those cYrtain obligations requircd by the tenru hercoi to be paid by the Mongagor for the gmtection of the mortgage security or for the collection of the indebtedness hrreby securcd. AU sums so advanced or psid by the Mortgagee shaQ be charged into the mortgage accuunt and bernme an integnl p'rt thercof, subject in aU respects to the terms, conditions, and co~renants ot the aforrsaid pmmissory note, and this mortgpge, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and securcd by this mo~tgage, excepting however, that ssid sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstr~ct o~ abstracts of titk covering the mortgaged property shall at all times, during the Gfe of Ihis mortgage, rcmain in possession of the Mortgagee and in event of the foreclosure o( this mortg,age or other tn~sfer of titk to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, titk and interest of the Mortgpgor in a~d to any such abstracts of title sha0 pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortpgor to the Mortgagee described hsrein or secured hercby. the Mortgagee is hereby wbrogated to the lien or liens and to the rigl~ts of the ovvners and holders thereof of each and erery mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in wfiok or in part, out of the prooeeds of the laan described herein or securcd hereby, and the respective liens of said mortgages, liens or other incum- b~a~ces, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Nortgagce herein at security for_the indebtedness to the Mortgagee hecein described or hereby secured, to the same extent that it would hsv~e been piesened and would have been passe~ to and been held by the Mortgagee had it been duly and regularly assigned, tnns- ferred, set over, and delivered unto the Mortgagee by separate deed of assignment. notvrithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the pahies hereto that the same will be satisfied and can- celled of record by the holders thereof at or about the time of the rccording of this mortgage. ~ 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mortg,agee may, without notice to the Mortgbgor. deal with wch successor or successors in interest with refercnce to this deed and the debt hereby secured, in the same manner at with the Mortg,agor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the btortgagee, and no eatension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to release, discharge, modify, change or affect the original Gability of the Mortgagor herein either in whole or in part. ~ ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, how~ever ~ evidenced, whether by said promissory note or any renewal or extension thereot or substitute therefor, or otherwise, unt~7 aU ; such indebtedness shaU have been fully paid. ' ! 7. !n the e~~ent ~he mo~tgagors sel1, cunvev or tmnsfe~ the mortgaged premises during the lije of this mortgage, then p t/ris mor~gage shall, o~ N~e optioir oj ~/re ;llortgagee herein, becan:e immediately due and p~ayab/e jo~ the ju!! sum oj the ~ pri~iripal bala~x•e aixl interest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal rcprc- ~ sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number sha0 include the plural and the plural the singular, and the use of any gender shall include all genders. igned, sealed and del' ered ' the p nce of: Seal) ~ , ~ ~ ~ ~ : ~ (Sea1) C_' . ~ ~ ~ STATE OF FLORIDA ~ ~ COUNTY OF~K y~ S t . Lu i~, ~ Before me person~ appeared FRED L. WILLIAMS and LOVIE J. WILLIAMS ~ his wife ~ to me wep known and known to me to be the individual~ described, in and who executed the foregoing instrument~ and ~ acknowledged before me that they executed the same for the urposes therein expressed. WITNESS my hand and official seal ~ ~ in the County and State last aforesaid this 9th day O OCtObeY', 1978. ~ , , : ~ ' ~ Y ~ • ' . ~ ~ ' ~ • ~ r) ' ~ F~E f~ ayi; RECU _ My Commission Expires: June 30 a 19~~ . ur~F CpUMT?~ry ~blic, State of Florida SG _ ~ _ ~eU~TRAS • _ _ . . ~ - _ r.~ COU~RT~~ . s ~y~~~ . ~ cr 18 II oa AN' ioc~2:~ P ,,,«t,,., A ~ . ~ ~ 657 ~ 4~oss~ ~ ; _ _ - : _ _ z:... ~ ~ ~ - ~ A~ ,Y. ~ ~c~«.R r ~..a~~.t!'v~ . ~ lsEfk .3''~i4~,.-~c~