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HomeMy WebLinkAbout0004 - Our File 5-44,057-8 IAii nurt~t~gr ur uU~rr u~nal~r uf UUr tu ihr ~nurl~aKrJ pruprrly in r~Ungw~hmrul Ihr ~ndrhtrJnr...c.urrd hctrhy. ~II r~~tht, tillr ~nJ inirrost uf lhe MurlKagnt m ~nJ lu rny imuranre p~l~c~c+lhrn m furrc ~hrll pr~~ Iu Ihr purcMa~rr ur Krrntro. Ih) lu prt(urm. aumplY ~~~th auJ rb~Jr hy rarh .~nd rvrry Ihr ]11~1YIJINIIN, JKItc111cfIK. 1~11NI11N~11? an.l a~~rn:~nl. in v~J p~~un~.w~r~. uutr anJ in Ih~+ JrrJ xl (urlh. ' UI Iha[ ~f ~ny ~~1 v~J .wu~ ~d m~~ne> hrrru~ ~rtrrraJ tu br n~H prnmpll~ .~i~J ~ull> p~~J ~~~Ilnu tdlrcu J.~~~ ur~l at~rr ~hr .amr .r~rra~l> brcutnt~ dur .~nJ {,~~~hlc. ~~r ~f rrrh .?nJ r~a~ Ihr .~~pulru~u~~. ~~trrrmrnh. a~nJ~~~~u..u~.l .~~~rn.~nl~ ul ~.uJ ~a~~mi.v~~y myr anJ ~hi~ JrrJ. ~~r r~thrr, arr ~HH tulh p~Ylurmrd. r~~n~p1aJ ~~~Ih ~nJ ah~JrJ hy, thr v~J ~Kgiayt~tc wm mrnU~~nrd ~n ~~nl prnnu.,.~rv n~Hr ~lull hr rumr Jur and pr)ai.lr irolh~~qh ut thrrr~llat .~1 Il~r ~~pl~nn uf tl~r \t~atgagtr r~ full) and a~mplrtrl~ e. d 11~.• vi.l ~Kgrrgrlr .um ~~1 v~d ~x~~m~cwr~ outr ~~a~~xigmrlly ,UpuWrJ t.~ br panl ~~n.uch ~Ly. rnYlh~n~t m v~d {x~~nuwn> nutr i~~ I~crcw t~~ Ihr:~~utrar~ ~H~I~~uh.l~nJin~t. U) Ihat in urJrr lu accrlrralr Ihr ~naU~rily ul Ihr ~uJ.hirJnr.~ hrraAy ktiurrJ, brcau+r uf thr (a~lurr u( Ihr SlurtgaKur tu {v> ~n)' la~, ~~.r~~mrnt, liahilily. ohligalN~n or rncumArrn.r u~rm +a~J pruprrly, a. h.rr~n pn.~iJrd. ~t .A.~II u~~t br uru•~vr~ ur r~ti}ui+u. ~h~t 1hr m~~rlg~Krr slull (ir~t pay thr v~mr. 2. The Mortg~gee may, at his option, and w~ithuut waiving his ~ight to accrlerate the indebtrdnr~~ hrreby secured and tu foreclose the same. pay eilher before or after deliyuency any or all ot Ihuse certain ubligationx reyuired by the terms hereof tu be paid by the Mortgagor for the protection of the mortgage security or for the cullection of the indebtedne~ hereby secured. All sums so adw,~nced ur paid by the Mortgdgee shall be charged intu the mortgage accuunt anJ becume an integral part thereof, subject in al) respects to the terms, conditions, and cov+enantc of the aforesaid prumi~wry nute, and this mortgage, as fully and to the same extent as though a part ot the original indebtedness evidenced by said nute and ~ecured by this mortgage, excepting however, that said sums shall be repaid the Mortgagee torthwith upun its dema~~d and be in additiun to the regular monthly installments provided by the mortg,~ge note. 3. That the abstract or abstracts of title covering the mottgaged property ~hall at ~11 timei, during ihe lite c?f this murtgage, remain in posses~ion of the Mortgagee and in event of the forecl~sure of this mortgage or other tran~fer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the rtortgagor in and to any such abstracts o( title sha0 pass to the purchaser or grantee_ 4. To the extent of the indebtedne~ ot the MortgAgur to the Mortgagee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the uwners and holders thereof of each and every ~ mortgage, lien ur other incumbrance on the land described herein which is paid and/or sati~fied, in v?fiole or in part, out of the proceeds of the luan deycribed herein or secured hereby, and the respective liens of said mortgages, liens ur other incum- brances, shall be and ihe same and each otthem hereby is prrserved and shall pass to and be held by the Nurtgagee herein as security for the indebtedness to the Mortgagee herein desmbed or hereby secured, to the same e~tent that it would have been preserved and would have been pas~d to and been held by the ylortgagee had it been duly and regularly a~~igned, tr~ns- (erred, set orer, and delivered untu the Nortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the pariies hereto that the same will be satisfied and can- celled uf record by the holders thereof at or about the time of the recording of this mortgage. 5. In the e~~ent the owner~hip of the ntortgaged premises, ur auy part thereof, becomes vested in a perwn uther than the !1lortgagor, the ~tort~gee may. without nutice to the Nortgagor, deal with wch succe~sor or succeiu~rs in interest w•ith reference to this deed :~+~d Ihe debt hereb~ ~ecured, in the same m:~nner ~s w•ith thc ~1~?rtgrgor without in any way vitiating or discharging the ~tortgagor ~ liubifity hereunder or upvn !he debt hereby secured. ho .alr uf the premises hereby mortgaged and no forbearance on the part of the ~tortgagee, and n~ ~~ensic?n of the time for the payment of the debt hereby secured Ii given by the titortgagee shal) operete to relea~e, discharge, n~udify, change ur affect the original liability of the ~1or~gagor herein either in whule or in part. ~ 6. The lien of this deed ~ec~res and shall a,ntinue to ,rcure payment ~id indebtedness or indebtedne~s, however e~~denced, whether by said promi~sory nute or any renewal or etitensiun thereof or wbstitute therefor, or otherv?i~e, until a0 ; ~uch indebtednest shall have been fully paid. - - ~ 7. h? 1/ir e~~e?u tlu• nt~~ilRuKur~ srll, c~unri}• ~,r tru~uJi~r ~hr ?rt~,rt~uKcc! prr?riru°s Junn,K Nrr liJc uf 11iis ?uur~.~u.kr. rhe~n ~ this ntnrl~aRe slutl/. ut rhe upli~ur ~?f Ihe• :1fur~K~,¢~•r !?erri~~. hecn?~tc~ inunr.liulrh• ~lur mre! ~W?~ahle j~,r l1rc~ jrrl! srurr nj lhc~ ' pri~u•ipal halance~ un~/ in~e•re~sl liu•i1 ~lr~r. ! `'s 8. The terms "Mortgagor" and "Mortgagee" whene~er used in this in~trument shal) include the heirs, perxrnal repre- ~ sentatives, success~~rs and as~igns o! the respectiie parties hereto. 1Yhere~er used the ~ingular number shall include the plura) ~ and the plural the singular, and the use of any gender shall include all genden. ~ i ~ Sign sealed and deli~er in he presence of: ~a~~ c ~ 1 Seal 1 i / C[.~(~ - ' , a '~l_ ~.C~a~ ~ `a ~ ~F , _ STATE OF FLORIDA ! ~ _ COUNTY O~ (NA~i~~ ` Before me p~'e~sona~Ty appeared CURTIS REVELS and AIv1~i REVELS ~ his wife ; to me well known and known to me to be the individuals described in and who executed the toregoing instrument, and ~ acknowtedged before me that they executed the same for tlie purpc~ses therein expre~sed. WITNESS my hand and official ~eal in the County and State last aforesaid this 3rd day of Mareh, 1979 . . r. . r•" - tl ~ ,_t_. . ? i _ ~ ~ F ' ~ ~ } P- June 30 , 1979 4:;~1$1 ~ Fl~o ...'t}s~ ~ 8~ ~ ar e ~ My Commission Ex ~res: l~otary Public. Statr of. d ' ttJ F~ ~ l pi~ I% . 23 - ~ . ? . G~A- . . ' ~ g~~~3U5 4 ~ - . . ~ ~