HomeMy WebLinkAbout1324 Oux File ST43,886-1
this m?wlg:?gr or other trattstrr of Ii11r w Ihr m.xlgagrJ pn?prrty in exu?tguishmrnl ut the inJrhtrJnrss srcurrJ hrrohy, all right, title
anJ intrust of the Mortgagor in anJ iu any insurance policies Ihrn in toter shsU pass lu the purchaser .N granter.
(h)lo prtform, comply with anJ ahiJr by each anJ every the stipulatN?ns, agrrrmrnta, cunditM?ns arN) cY?senarts in sail pn?miax?ry
t?otr anJ in this JreJ set forth. '
li? that it any.of >:riJ wma of money herein referred to hr rw?t promptly anJ fully pail within fifteen Jays nest atur Ihr sa?nr srsrrally
becomes Joe anJ payable, or d rash anJ every the stipubuons, agreements, conJitK,n. at?J cuvrrunls ut sriJ prumisv?ry m.tr anJ this
deed. nr either, art not fully prrtirmed, complied with and abidrJ hy, the sail aggregate sum mrmM?nrJ in vu1 pnannwry note shall br•
come Jur and payable Authwith .K thrreaher at the nplKm of the M~?rtgagre as fully anJ cti?mplrlelyrs if lhr sail aggregate sum ut said
promissory m?tr ssas originally slipukrtrJ to be pail un such day, anything in sail promissory note or herein w the romrary a?twithstanJing.
i
(j? That in orJer to accrleratr the maturity of the ir?JrbtrJnrss hereby secured, because of the failure of the Mortgagor to pay any tax.
a srssmrnt, liability, obligation or rncumtxance upon said property, as herein pn?riJrJ, it shalt n.d hr necessary or reyuisitr that the
rrtortgager shall frsl pay the same. ,
• 2. The Mortgagee may. at his option. and without wsiving his right to accelerate the indebtedness hereby secured
and to foreclose the same, pay either before or after ddiquency, any or all of those certain obligations required by the terms
hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebtedness
hereby secured. AU stuns so advantxd or paid by the Mortgargee shall be charged into the mortgage account and become an
integral part thereof, subject in a8 respects to the terms, conditions, and covenants of the aforesaid promissory note, and this
mortgage,. as tuUy and to the same extent ss though a part of the original indebtedness evidenced by said. note and secured by
this mortgage, excepting however, that said stuns shall be repaid the-Mortgagee forthwith upon its demand and be in addition
to the regular monthly itutaUmeats provided b~? the mortgage note. ~
3. That the absttad a abstracts of title covering the mortgaged property shall at all times, during the Gfe of.this
mortgage, remain in posstrssion of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of tick to
the mortgaged property in extinguishmatt of the indebtedness secured hereby. all right, title and interest of the Mortgagor in
and to any such abstracts of title shall pass to the punhaser 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 liens and to the rights of the owners and holders thereof of each and every
mortgage, lien or other inctunbrance on the land described herein which is paid and/or satisfied, in whole tx in part, out of
the proceeds of the loan described herein or secured hereby. and the respective liens of surd mortgages, hens or other incum-
drances, shall be std the same and each of them hereby is preserved and shall pass to and be beld by the Mortgagee herein as
security~or the indebtedness to the Mortgagee herein described oa hereby secured, to the same extent that it would have been
preserved and would have been passed to and been held by the Mortgagee had it been, duly and regularly assigned. trans-
ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same
may be satisfied and cancelled of record, it being the intention of the parties 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 ownership of the mortgaged premises. or any part thereof, becomes vested in a person other than
the Mortgagor, the Mortgagee may, without notice to the Mortgagor, 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 Mortgagor 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 Mortgagee, and no extension of the time for the payment of the debt hereby secured '
given by the Mortgagee shall operate to release, discharge, 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 payment of said indebtedness or indebtedness, however
' evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise; unti) all
k -
i such indebtedness shall have been fully paid. -
7. /n the event the mortgagors seQ. cont••ey ur transjer the mortgaged premises during the lije of tl?is murtgaRe, then
t this mortgage sha!/, at the option of the Afurtgagee herein, heconte inrmeJiatel?~ due aruJ pnvable j,r the jirll su» ? nj the
principal balurx•e arx! interest the?r due.
8. The terms "Martgagor" and "Mortgagee" whenever rued in this instrument shall include the heirs. perwml repre-
` sentatives, successors and assigns of the respective parties hereto. Wherever used the singtdar ntunber shall include the plural
and the plucal_the singular, and the use of any gender shall include all genders. .
t
Signed. sled a in ~ presence of: Seal)
- 7'~. LUCiE COUD/TY; F!_A."
.4.34.2'79 t
STATE OF FLORIDA s79 FEB t 6 bH !Q . '~6
~ ~
COUNTY OF •
Before
me personally appeared HARRY E . RICHARDS , an unmar~;i~~dF:
- to me well known and known. to me to be the individuals described in and who E~~~r~ ~p r~goi~~~ij~r~rrrtent, and
acknowledged before me that they executed the same for the purposes therein expressed. WI my ban a official seal
in the County and State last aforesaid this 5th .day Of February, 1979 .
My Commission Expires: June 3Q,, 1979 Notary Public, Statt~~
- _ - ,
c~ -
~ 0 R ,y • • • .
3a3 1323 - - - ~ ? .
g00!I PAGE ~''v,r~ri~a,,,`
! •j ' _
_ _ _