Loading...
HomeMy WebLinkAbout1774 . , ~ , , ~ ~ Our File 5-44,799-5 - ' 1, thh m~r1~e w uthr~ usnster ut title to the morl~~eJ pwpo~ty in oali~uuhment ut Ihe imlrAteJness srcured herrby, s~ ti~hl. litle ~ snd interat of the Mott~atur in and lu nnr insurance puliria lhen in furce shsll pasc to the purrhase~ o~ grnlre. • f i (h)Tu perfurm, comply wilh and aewe e+r axh anJ rvr~y thr s~ipulatk?ns, a~rrrmrnts, cundilw~ns anJ cuvrnanls in viA pr~~miuory note am1 in lhis Jetd sN turth. (i) Th~t if aor of sri~! sums of muory Arrrin rrferrrJ tu bt nnl promplly anJ (ully paid within tit~ern day~ nex~ sttrr ~he ~ame ~e~.*a11Y ' ~ec~mes due and payabk. ~r ? each a~d rYery Ihe slipulalK~na, a~rtrmants, a?nd~liuns anJ corrnanh of viJ pn~mi.~rY nMe and this ~ Aeed. or either. pre ~t fufly p.Ytormed. complied Nith and abidrd Ay, the said a~treptt sum rmenlw~nCd io ~~J prumicu~ry nole ~hall Ae• ~ come dur and pay,ble t~KthN~ith ~u Iht~e~tla at the oplion o( the A1~~rl~a=ee as fully and tt~mplrtrly a~ ii the v~d a6~reple .um uf ~aid promnsorY no~e ~vasorKu'a~~y't~pul~~ed ~o be paid on such day, anyth~nit in +aid ptomiswr~y notr or hete~n t~~ Ihr cnnlrary mil~+ith~lanJi~. (j) Tha! in order to ~ccelerate lhC msturity of 1hr inJebtrJnrss hurby secured, bewuse uf the failu~r o( the Murl{agor tu pay any tat, assessmrnt, liabitily, oMN~ation or e~cumb~aoce upun said ptuperly, ax hrrrin provi~t~t, il shall nid hr nrrrssary u~ ~eyuisite Ihat Ihe mott6nee shall (irst psy !he same. 2, The MoM~~ may. at dis option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same. psy either betore or after ddiquency aay ot all of those certain oblig,ations required by the terms hereof to be paid by th~ Mortgaaor for the protectan of the mortg~ge securitY or for the rnllection of the indebtedness hereby secured. AU sums so advanerd or paid by the Mort~gee sha11 be char$ed into the mortgage account and become an integral part thereof. subject in all cespects to the te~ms. oonditiuns. and cove~ants oi the aforesaid promiscory note, and this mortgpge. ss futly and to Ihe aame extent ss thougb a put of the original indebtednes~ evidenced by said note and secured by this mwtgage, excepting hovrevrr, tLat said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular mo~thly instsUments provided by the mortgage note. 3. That the abstract or abstnets of titk corerir?g the mortgaged property shall at all time~, during the Gfe of this mortgage, rema~n in pos~sion ot the Mortgagee r~nd in event of the foreclosure of this mortg,sge or other transfer of titk to tht mortg~ged propeNY ~n extinguishment of the indebtedness secuied hereby, a0 right, titk and interest of the Mortg~gor in snd to any such abstrscts of titk sha~ pass to the purchaser or grsntee. 4. To the extent of the indebtedness of the Mortgagor to t6e Mortgagee described herein or secured hereby, the Mortg,s~ee is hereby subrog~ted to the lien or liens and to the ri~ts of the owners and holders thereof of each and every mortgage, Gen or other incumbnnce on the Iand described herein which is paid and/or satisfied, in whole or in part, out of the pmoeeds of the la~n described herein or secured hereby~ and the respective liens of said mortgages. liens or othe~ incum- branca. sball be and the same and each of them hereby is preserred snd shall pass to and be held by the Mortppgee hereiu as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved snd would have been passed to and been held by the Mortgagee lisd it been dWy and regularly assigned, trans- ferred, set over. and delivered unto the Mortg~gee by separate deed of assignment, notwithstanding the faM that the same may be satisfied and cancelkd of record, it being the intention of the parties hereto ihat the same will be satisfied and can- celled of record by the hdders thereof at or about the time of the recording of this mortgage. S. In the event the ovrnership of the mortgaged premises, or any part thereof. becrimes vested in a pers+on other than the Mortga~gor. the Mat~gee may, without notice to the Mortgagor. deal with such successor or successArs in interest with reference to thb deed and the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or discharBng the Mortgagor's liability hereunder ar upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part ot the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortpgee sha0 operate to release, discharge, modify, change or affect the original liability of the Mortgagor ~ herein either in whole or in part. - E 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, owever ; ~ evidenoed. wheth~r by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all ~ such indebtedne~ shall have been fully pdid. . ` 7. /n Jhe event the mortgagors seU, c•onvey ~~r tra~isjcr thc mottgrrgeJ prcmrsrs during the lije oj ~Iris ntv~tgage, then ~ this mortgage shall, at the option uf the ,1for~gagec herein, beconre inrmediately due o~u! payahlc for Nic jull sum ojtlre ~ principal balance ard interes~ then 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 pa~ties hereto. Wherever used the singular number shaU include the plural and the plural the singular, and the use of any gender shall include all genders. Sign sealed a deliv i e nce of: ~a~) ~ Seal) e - ~ ~ w ~ ~ ~ {AJt Y~l~_ . STATE OF FLORIDA ~ ~ COUNTY OF ~ ~ St. Lu ~ Before me personatly appeared~NRY B~SON and PATRICIA BLANSON, hiswife ~ to me we11 known snd known to me to be the individuals described in and wfio executed the foregoing instrument, and ~ ~ adcnowledged before me that they executed the same far the purposes therein expres~ed. WITNESS my hsnd and offirial seal ~ ia the County and State last atoresaid thi~ 9th daSt of June,1979 ~ ! ~ ~ ~ . U ( - ~ • "'~~r a~. ~ ~L~ r ~ ~`.Z",,~ ~ i- 3 ~ My Commissan Expires: -Tunp 7~79 ,~~10 Notary Public, State,ei~ F e j : ' , _ ~ _ , r ~ 32 ' ~ ` ` I979 J'~?~ 29 4 z' ~ ftLEO AhU L'"GU~+:1zU . r~ r ` J ~ , ° B~JGK 31 ?AGE ? st~uc~E caunTY.F«. . ~~~~.4~.:; ~ ~ 1 ~ ROGER POITRAS % ~ • ~ £ w,~~, . CLERK CIP.CUIT C0~ ~ RECORO ~'EP.~EiEt'_G}.