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HomeMy WebLinkAbout0559 5-44~237-6 Ihis m~Ktga~tr u~ ~~Ihrt Iran+frr uf title tu Ihr miKtKaKrd prupr~ty in rRhn~ewshmrnt ut Ihr inJrblydnr~~ srcutrd hrrrhy, ab ri~cht, titlr anJ iMr[rst of Ihr Morlragor in and lu ~ny insur~nrr p~licira Ihr~ in forcr ahall pacs lo Ihr purrha+rr ur Ktamrr. (h) fu prtturm, a~mply with and ~DiJr hy rach anJ rvrry lhr stipulrtN~m, agrrrmrnts, cu~dilM~ns rnJ at~rrnanl~ in ~~d pr.~mi~wry notr and i~ lhis JreJ srl to~lh. ~ (il Ihat if any o( u~J wn» uf munr~~ hr~rm rrCrrrrJ tu hr oul {xumplly ~nJ full~ MiJ ~~Uh~n f~f~rrn Jay. nr~~ af~rr thr,anx .r~rratlq br.~~mrs Jur anJ payablr, or ~f crch anJ r~rry Ihr ~upula~n~n., aRrrrmrnt., a~oJu~~n. ~nd ruvr~unt~ w~J ~xunn.v~ry uutr anJ ~h~c Jrrd, or rilhrr, are nu1 (ully prrkKmrd, a~mplird ~+~Ih a~?d rbidrJ hy, thr vid a~n~rtr wm mrnlN~neJ m v~J prumi..ury ~NHr.hrll hr- . ' comr dur JOII ~1,)';1IlIi ~~HIANIIh ur 1~1ifiJ~1Q ~I Illa' OP1NN1 O( IIIC ~I~~II~J~rt' d\ (ully auJ a~mplrtrly thr ~1J aggrrRalr .um u(.aiJ {xum~iwry ~w~r ~~as~x~mally .tipula~rJ a~ br paiJ un ~u:h ~y,anylh~ng in v~J pn.mi~v~ry notr u~ hr~r~n tu thr ruMrary ~w1~~i~hN~nJnK. (j) 1ha1 in orJet lu accrlrratr thr maturity uf Ihr inJrbtrJnrss hrrrAy ~ecurrd, hrrausr uf IAr tailurr uf thr Alurlg~ur lu {v)' any ~aa. a.~rc~mrnt. IiaAilily, uhligatN~n o~ rncumlxanrr upun ~n! preprrlY. as hcrrin pruviJrJ, it ~Aall nut br nrrr.vey ur rryui~~lr Ihat 1hr mur~g:~rr shall fust pay Ihr same. 2. The Mortppgee may, at his option, and without waiving his right to accelerate the indebtedness- hereby secured and to foreclose the same, pay either before or after deliyuency any or aQ ot Ihose certain obligatiuns required by the terms hereof to be paid by the Mortgagor for tht pmtectan of the moNg,ege security or for the rnQection of the indeAtedness hereby secured. All sums so advanced or paid by the Mortgpgee shall be charged into the mortgage account and become an integral part thereof, subject in all respects to the ternu, conditans, and covenants of the aforesaid pmmissory note, and this mortgage, as fuliy and to the same exteat as thoug~ a part of the origina) indebtedne~ evidenced by said note and secured by this mortgage, excepting howevrr. thst said sums shaU be repaid the Mortgagee fo~thvrith upon its demand and be in addition ~ ~ to the regular monthly instsUments provided by the mortg~ge aote. . 3. That the abstract or abstracts of titk rnvering the morigaged property shall at all times, during the life of this ~ - ~ mortgage, remain in possession of tl~e Mo~tgagee and in event of the foceclosure of this mortgage or other transfer of title to the mortgaged propeMy in extinguishment of the indebtedness secured hereby. all right. titk and interest of the Mortgagor in a~d to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Nortgagee described herein or secured hereby, the Mortgagee is hereby submgated to the lien or lieru and to the rig~ts of the ovrners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whok or in part, out of 1 the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgpges, liens or other incum- brances, shall be and the same and each of them hereby is pr~served and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mo~tgagee herein described or hereby secured, to the same ertent that it would havr been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly a~igned, trdns- ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancellyd of record. it being the inten6on of the parties hereto that the same will be satisPeed and ran- celled of record by the hoWers thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereot, becomes vested in a person other than the Mortgagor, the Mortgagee may, v?~ithout 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 ac with the Mortgagor wnthout in any way vitiating or dischar~ng the Mortgagor's liability hereunder or upon the debt hemby 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 t given by the Mortg~gee shall operate to release, diccharge, modify, change or affect the original liability of the Mortgagor hereln Pitlhnr in ~vhnle q~ ~rt. ` ± 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 otherv?itie, until aU ' such indebtednesc shall have been fully paid. 7. In t/~e even? ~he nr~~rtgugurs srll, cu?n~et~ ur ?rmrsjer Ihr mortguged premrscs during thc lijc ~~jt/ris nu?r~QaRc•. ~lic~~ lI/JS 7)1MI,Qaj{P S/UlII, ai the op~iun oj Nre ;tifortgngee hcmi~t, bec•ome intnrediutcl?• due a?~ ~tiQn~e j~r t/~c Jirll sunr ~~f tlrc princrpa/ halu?x•c a~u/ interest thcn due. 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 sha0 include the plural ` and the plural the singular, and the use of any gender shall indude all genders. ~ ~ ~ . ~ ~ Signed aled and ve in ~ e nce of: ~a~) i ( Seal) i ~ . - € 4 i 's€ - 4 ; STATE OF FLORIDA ~ - cotl~v7'vOF~ ANNIE GILBERT, an unmarried woman, formerly BefoSe me pLerusona~y appeared known 8s ANNIE G. MOBLEY ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and ~ acknowledged before me that they executed the same for the purposes therein expressed_ WITNESS my hand and official sea) ~ in the County and State last atoresaid this 21st day of Mareh, 1979. . ~ ~ My Commission Expires: Julle 3O, 1979 Notary Public, State of Flo~~d _ 3~ .C"_ ~ _ _ - j ' ~ ~ r I E r - r . ~ ~ ~ ' ~ ° k 559 _ B~~K JVU VA~,E 9 ~ .