The URL can be used to link to this page

Home My WebLink About0552 Our File 5-44~240-0 ~hic m~wtKagr ur uthrr tra~ufr~ uf litk tu Ihr m~K~gagrJ pn~p~vty io r~tin~twshmrut uf thr irnlrblrJnra+ ~rcurrJ h~rrh~, ap rrythl, lilk anJ iolrtcst uf the MottKaRur in anJ tu ~ny imuranca p~lia'its thrn io furrr+hrll {uss tu Ihr pur.hasrr or KraMrr. (h) 1~~ prr(urm, c~~mply with ~nJ rhidr hy rach ~nd rrrry Ihr slipul~IN~m, :yCrrrmrnt~, a~~~Ji1M~ns anJ l1~Yl'llJfl~\ 111 sa~J prumi.wry notr anJ in IAis Jrrd srl torlh. ( ~ 1 hal ~f any ~~f aviJ wm~ uf munry htrrm rrfrrtrJ tu ht rn~t pr~anplly anJ tully paiJ ~~~Ihin fiftrrn J'r). nr~1 ~f~rr thr wnx .ecrrrlly hrrumts Jur anJ pryahk. ~~r if rr.h and ~~aYS' Ihr ~~ipu4~n~n.. aRrrrmrnt., n~nJitw~m rnd cu~riunl~ ~~f .aid ~K~~m~.~~ry m~tr ~nJ ~hi~ Jrt1, or r~lhrr, arc ~w1 fully prr(~Kmrd, rompl~rJ ~~ith anJ ahiJrJ hy, thr uiJ r~traYtrta wm mrnlN~nrJ m v~J prunu.wn M~tr ~p~ll At- come Jur rnJ payahlr (urth~~ith ur thtrrrfler at tMe upliun uf Ihe AI~~lI~,`Jgia' J\ fuUy a~id a~mplrtrly a. if thr caJ agg~rgala wm uC viJ ~xumi~wry nota ~~ac~uyjmally +tipulitrd 1~. bt paiJ ~~n ~uch ~y.anylhing i~ uKl pt.~mnv~ry nutr or hrrrin lu Ihr inntrary iM~ta~thu~nJirqt- UI fhal i~ orJrr to acrrlrratr thr maturily uf Ihr inJrblrJor~s hrrrby ~r.urrd, hr.ausr uf thr (ailura uf thr 1?1urlg:qtur h~ {uY ~~~Y a.cr.+mrnt. liabilily, oAli~atwro ur rncumManre up~~n s•rid pn~prrly. as hc~rin prurid~d, i1 ~hatl nut h~ nrrr.vey ut r~r~ui~itr that thr m~~r~g:qtrr shall fir~t pay Ihr samr. 2. The Mortg~gee may, at his option, and without waiving his right to accelerate the indebtedne~ hereby secured and to foreclose the same, pay either before or after deliyuency any or all of those ce~tai~ ublig,ationc required by the tern~s hereof to be paid by the Mortgagor for Ihe protectan of the mortgage security or for the co0ection of the indebtedness hereby secured. All sums so advanced or psid by the MoMg~gee shall be charged into the mortg,age account and become an i~tegral part thereof. subject in all ~spects to the tern~s. rnnditions. and cove~ants oi the aforesaid promi~sory note, and this mortgage, as fully and to the same extent ~s thoug~ a paN of the original indebtedness evidenced by said note and secured by this mongage, excepting however, that said sums shall bp repaid the Mortgagee forthwith upon its demand and be in additiun to the regular monthly instaUments provided by the mortgdge aote. 3. That the abstract or abstracts of titk rnvering the mortgaged property sha1~ at all times, during the life uf this mortgage, remain in possession of the Mortgagee aad in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortg,agor in and to any such abstracts of title sha6 pats to the purchsser or gantee. 4. To the extent of thP 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 incumtxance on the (and described herein which is paid andJor satisfied. in whole or in part, out ot the proceeds of the loan described herein or secured hereby, and the respectire liens of said mortgages, liens or other incum- brances, s6a11 be and the same and each of them hereby is p~eserved and shall pass to and be held by the Mortg,agee herein as security for the indebtedness to the Mo~tgagee herein described or hereby secured, to the same extent that it would have been preserved and would hav~e been pacsed to and fieen held by the Mortgagee had it been duly and regularly a~igned, trans- ferred, set over, and delivered unto the Martgagee 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 bv the holders thereof at or about the time of the recording of this mortgage. S. In the event the ovmership of the mortgaged premises, or any part thereof, becomes v~ested in a person other than the Mortgagor, the Mortg,agee may, without notice to the Mortgagor, deal with such successor or successors in interest v?~th reference to this deed and the debt hereby secured, in the same manner as with the Mortg,~gor without in any way vitiating or discharAng the Mortg~gor's liability hereunder or upon the debt hereby secured. No sale of ~he premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no extension of the time for the payment ot the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original (iability of the Morigagor S herein either in whole or in part. 1 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 renev?al or extension thereof or substitute thcrefor, or otherv?•ise, until a0 t such indebtedne~ shall have been fully paid_ f 7. /?r tlre event the »?ortgugors si•1!, run?~ey ~?r lransJi•r thc niurlgugcd prcmiscs during the lije uj ~liis mc~r~gaqc. ~l~e~i tlris nuNtgage shall, ot the optiern oj tlre Alurtgagee hcmin, hec•~?»rr imn~eJi~rtcl?~ due mu! /aa~vhle jnr ~Ire jiil! sum nj lfre ; princ•ipal balunce oik! i~uerest the?r Jue. ; 8_ The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shaU include the heirs, persunal 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 u f any gender shall include all genders. ~ i ~ ~ ~ 1 ~ ~ ! Signed aled a li e resence of: ~wiIiAJA Seall s ' ' ~ ~ (Seal? ~ ~ - - ~ ~ ~ ~ STATE OF FLORIDA ~ MALICCIAH WILLIAMS, Formerly known as MALICCIAH BACON ; cour~7~r t~u 'e and CARRESA WILLIAMS, his wife, formerly known as ~ Before me personally appeared ~gj~ESa BACON ~ to me wel) known and known to me to be the individuals described in and who executed the foregoing instrument, and 2 acknowledged before me that they eacecuted the same for the purposes therein expressed. WITNESS my hand an ficial seal in the County and State last aforesaid this 20th day of Mareh, 1979. a FIL~D A(~JO ~ECORDEb~ , ~ ~ , , ~ y p • € M Commissan Ex iresLVC~fs~ ~~i Y~~~~': ~~~d ~ 9 Notary Public, State of ` ~ 4'~9~i ~ _ . ~ q_ ~ - ; - - ~ 'T9 APR 2 AM I i : 31 . . - - : _ , 3 + • ; F.O~r?. r~piTr^.c ~ K 3U6 552 _^~j,``~, D.ri~'. ~:i'.-_ ' ` .CLERK CIRCUtT COURT. ' ~ ~ _~.g.~ _ .