HomeMy WebLinkAbout0906 Our File 5-44,145-1
Ihn m~KIKrKr ur ulhrt Iran~faY .~f l~tlr lu !hr m~wlK.ytrJ prupr~l~ in rihnrw~hmrnl ~~t Ihr ~nJrhlrJur~~ ~rcurcJ hcrch~, ap nght, titlr
auJ intrrrsl uf thr 1?tuN~taK~~r m anJ lu +ny imu?an.r p,li.~.s Ihcn ~n (~~rcr ~hall pr~~ w Ifir purah~~rr ut Kr~ntrr.
Ih) lu prr(utm. a~mply N~Ih ~uJ aDiJr hy rrrl~ and rv~~y Ihr ~IipululN~m. ~Krrrmrnl~. cuuJ~tN~n~ :~nJ ru~.n:~nl~ in v~d prumn~~ry .
n:~~r a~~J in thi~ JrrJ ~rt t~~rth.
(~1 1 h'rt ~f ~ny uf v~d wm~ ~~t munr)' hrrr~n rrlrrr~J lu 1+r iN~t p~~~roptly anJ lull>' p~~J Ndhm fdlrrn dry~ nrv altrr thr uma ~a'\IYdI~)
hrrumr~ .lur anJ p~frblr, nr if rach aud rvrt)' Il~t .lipuk~uun.. .~K~rrmrnt., .~~od~tM~n.:u~A rncriunt~ ~~f ,a~J {H~~~unwry nnlr ~nd Ih~~
dred. ~~t ruhrr, rrr nut (uty prrfu~mrd, aanpl~rd Nith and ah~JrJ hy. Ihr wwl r~tit~a7Calr wm mroh~~nrd ~n .iid ~,rum~,.~.r~ n~ur .hall br
cume Jur ~nd pr)ahlr I~~rth~~ilh ur ~hrrraflrr al the upU~~n u! Ihr Murlg~jrr a~ fully ~nd c~~~nplrtrl~ J~ t~ Illa' \Ill~ J~,'(CfC~[:llt .um ol v~d
~xumic.wr~ ~NNr ~~~~~x~guwlly .I~pul:~IrJ 1~~ br pakloo ~urh ~y.au)'th~n~t m..ud {x.~mi~~~r>• nutr ~~r hrrom 1~.Ih. runlr~t~~ ~N~t~~~th.lanJuqt.
I t?:wt in urJrr lu acrrlrr~te thr malunty uf thr ~nJrbtaJnr~s hrrrhy ~ctiu~rJ, brwusr uf lhr ta~lurc u( thr ~1urlK:~ur tu p~> an)' la~.
a~~r~+inrnt, liability, ubligatH~n ur rncumtuanre up~~n viJ ptu{xrly, r~ hr~.in pruvidrJ. it tih~ll nui he nccr.wry ur raY~ui,itr Ihat lAr
nwrlK~~rr shaU f~nt p~y thr umr.
2. The Mortgagee may. ~t h~s option, and withuut waiving his right to accelcrate N~e indebtedne~ hereby secured
and to forecluse the same, pay either before or after deliyuency any or all of thuse cenain obligatiuns eeyuired by Ihe Ierms
hereof to be paid by the Mortgagor for the protection of the mortgage security or tor the collectiun uf the indehtednesc
hereby secured. AU sums so advanced or paid by the Mo~tgAgee shall t?e charged into the mortgage account and become an
integnl pa~t thereof, subject in aN rapects to the temu, conditians, and corenanb of the aforesaid prumissory note, and this
mortgdge, as fully and to the s~me extent aS thou~ a part of the original indebtedness evidenced by said note and secured by
this mortgage, excepting huwever. thst said sums shall be repaid the Mortgagee forihwith upun its demnnd and be in additiun
to the regular monthly installnents provided by the mortp~ge aote.
3. That the abstract or abstncts of title rnvering the mortgaged property shall at al) time?, during the life of this
mortgage, remain in possession of the Mortgagee and in event of the foreclosure ot this mortgage or other transfer of title to
the mortgaged pmperty in eztinguishment of the indebtedness secured hereby. aJ right, title and interest of the Mortgagor in
and to any such abstracts of title shall pass to the purchaser or grantee.
4. To !he extent_ of the indebtedness of the Mortg~gur to the Mortgagee described herein or secured hereby, the
Murtgagee is hereby subrogated to the lien or liens and to the rights ot the owners and holders thereof of each and every
mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfed, in wfiole or in part, out of
the pmceeds ot the loan described herein or secured hereby, and the respectiv~e liens ot said mortgages, liens or other incum-
brances, sha!) be and the same and each of them hereby is p~eserved and shaU pa~c to and be held by the Mortgagee herein as
security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been
preserved and would have been pa~sed to and been held by the Mortgagee had it been duly and regularly anigned, trans-
ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding ihe fact that the san?e
may be satisfied ao+d cancelled of record, it being the intention of the pa~ties hereto that the same will be saticfied and ~an-
celled of record by the holders themof at or about ihe time of the recording of this mortgage.
5. In the event the ownership of the mortgaged premises, or any part thereof, becc?mes vrsted in a person other than
the Mortgagur, the ~furtgagee may. K~thout notice to the Nortgagor, deal vrith such successor or succeswrs in interest with
reference to this deed and the debt hereby secuced, in Ihe same manner a, with the Mortgagor w•ithout in any way ~itiating or -
dischar~ng the Mortgagor's liability hereunder or upun the debt hereby securecl. No sale of the premises hereby mortgaged
~ and nc~ forbearance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured
! gi~•en by the Mortgagee shall operate to relea~e, discharge, modify, ch:~nae or affect the original liability of the Nortgagur
~
i herein either in whole or in part.
! 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtednecc, huwever
~ evidenced, whether by said promi~ory note or any renewal or extensiun thereot or substitute therefor, or othen+i,e, until atl
~ such indebtedne~ shall have been fully paid.
~ 7. /n the eve~lt N~e mnr~Kugurs se/!. ~•um~e}~ ur ~ru~rsjcr ?!re rnunga¢rJ premises dunnx llrr GJc nj dris nrur~Ka.~e. Ihe?r
~ this mortRvRe s/tall. a~ the uptiun uj the ,1lurt¢uqee hereln. brc~,mr inune~liu~cll~ due arul ~rable J~?r ~hr Ji~ll scun ~,jlhe
~ prine i~w! halu?tc•e a~u1 i?r«rest the?r ek~e.
~ R. The terms "Mortgagor" and "Mortgagee" whene~rr used in this instrument shall include the heirs, persunal repre-
~ sentatives, successors and assigns of the respective parties hereto. Where~~er used the singular number shatl include the plural
~ and the plural the singular, and the use of an~~ gender shall include all genders.
~ nce o(:
~ Signed. aled a b~ m t p
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~ 1 Seal l
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~ - ~ , ~3'7`742
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STATE OF FLORIDA ~ p~
~ COUNTY O S t. L c le ~
` Before me personally appeared NELSON E. ROLLE, an unmarried man
to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and
i acknowledged before me that they executed the same for the purp~ses therein expressed. WITNESS my hand and off ial seal
~ in the County and State last aforesaid this 3rd day of Mareh, 1979 .
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~ My Commission Expires: -Tun~ 3~. 1979 Notary Pubfic;tiState of.
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