HomeMy WebLinkAbout0148 Our File 5-44,995-9
Ihi~ m~Ktgagr ur ulhrr Iran~frr :~f IiUr tu thr murtgagrJ prup~rly ~n raUngwchmrnt thr ind.l.IrJnr~. ~crurrJ hrrch~. al) r~Khl, tillr
-anJ intrrrst uf Ihr \turlgagur in anJ tu ~ny imuranrr ~~Grir+lhrn in forcr ~hall pa~~ ~u ~hr ~IVIlI1J\l'f Uf ~!(:IIIICC.
~h~ ~~1 prr(urm. .'~~mp1Y \\1~~1 :Illt~ :Ihll~t• h)' l':11~1 :Illl~ tY~fy ~~11' \(1(~UI:IZIIIII\. :/~,'ItCllll'11I\. ~IIIIlI1lN111] J~II~ l11\'t'll.lll~~ 111 till~ ~If~l~lll\11~f)'
nutr ~nd in thi~ JrrJ srt furth. .
U? I h~l ~f any ul viJ wm~ ~~f munry hrYr~n rrlrrraJ tu br nul ptumpll>' euJ IuII> pa~J ~~qhm f~flrrn da>~ ur~l al~rr ILr .amr .r~rrall>
brroint~ dur :IO~I ~1;~)JhIC. U( rach J(IlI C`\lY)' UIC ]II~~UI,fllUll~. J(CflYOla11I~. C~111/IIIM~11~ .II1lI :u~rn.~nh ~~t ~.~iJ pr~~~u~.v~r> n~~t. enJ ~h~~
drrJ. ~~r rilhrr, arr nut full> p~Y(urmrd, ru~npl~rd ~+~Ih ~nd ~h~drJ hy. tl~r w~J J~;~Sfa'~(JIa ~um ~nr~u~~~nrd ~n .u,l pr~~mn.nn ~uilr ~li.~l) hr-
cumr Jur and pa~~blr fur~h~u~h ur thrrraflrt a~ Ihr npl~un uf Ihr ~1~~rlgagrr a~ lull~ anJ au~nplrtcl> a~ d thr .ud :i~:K~rgatr .u~n ~~T ~~d
~umnu~ry nutr ~~~cungm~lly ~t~pulatrJ u~ hr p~k1 un,u:h J:~y.anyth:n~t m v~J pr~~nn.wr> nu~. nr hrrr~n tn Ihr.~~iurat~ nut~~ul~.tanJ~ng.
U) fhat in ~~rJr~ tu accrlr~alr thr m-rtunt~ uf Ihr iuJcbl~Jnr~s licrrhy ~cti'urrJ, brcau~r uf thr Cailure uf Ihr ~lurtg~g~~r lu (q~ :IO~ IJ\,
:I~1C1~111Ct11. II:II~III~y. 11~1~1xi~K1(1 l~f C111'U111~1f:1f11'C U~~11 \:IIJ ~t(II~1Cf~)'. :l\ ~1c(CIII ~1f11Yll~tJ. 1~ \~1:1~~ 111~~ ~lt' Ill'al'~Vt}' ~If (lY~lll\Ill' ~flJl ~~IC
murtga~Crr shall (ir~t pay Ihr samr.
2. The Mortgagee may, at his aption, and withuut waiving his right to accelerate thc indebteJ~x~~+ hereby .ecured
and to fureclose the same, pay either before or after deliyuency any or all of those crrtain obligatiom reyuired by the terms
hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebtedne+x
hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an
integral part thereof, subject in aU respects to the terms, conditions, and covenants of the aforesaid prumis~ury note, and this
mortg,age, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by
this mortgage, excepting however, that said sums shal) be repaid the Mortgagee forthwith upon its demand and be in additiun
to the regular monthly installments provided by the morigage note.
3. That the abstract or abstracts of title covering the mortgaged property shall at all time., during the life of this
mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer ot title to
the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in
and to any such abstracts of title shaU pass to the purchaser or grantee.
4. To !he extent of the indebtedness of the Mortgagor to the Nortgagee 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 incumbrance on the land described herein which is paid and/ur satisfied, in w~hole or in part, uat of
the proceeds of the loen described herein or secured hereby, and the respective fiens of said mortgages, liens or other incum-
brances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Nortgagee herein as
security for the indebtedness to the ~tortgagee herein described or hereby secured, to the same extent that it W~ould have been
preserved and would have been pa+sed to and been held by the Mortgagee had it been duly and regularly a~~igned, trans-
ferred, set over, and delivered unto the Rlortgagee by separate deed of assignment, notwithstanding the fact that the ~me
may be satisfied and rancelled of record, it being the intention of the parties heretu that the same will be satisfied and can-
celled of record by the holders thereof at or about the time of the recording of this mortgage.
5_ In the event the ownership of the mortgaged premites, ur any part thereof, becomes ~~ested in a person other than
the Mort~agor, the ~lortgagee may, without notice to the Mortgagur, deal with such successor or succe~.wrs in interest W ith
reference to this deed and the debt hereby secured, in the same mar.ner as w•ith the Mortg,agur without in any way vitiating or
4 dixharging the Nortgagor's liability hereunder or upon the debt herehy secured. No sale of the pmmises hereby mortgaged
E and no forbearance on the part of the ~tortgagee, and n~~ e~temion of the time for the payment of the debt hereb}~ secured
~ given by the ~tortgagee shaU ~~perate to relea~e, discharr;e, n~odify, change or affect the original liability~ of the ~1ort~agor
~ herein either in whole or in part_
i 6. The lien of this deed secures and .hall n?ntinue tu secure payment of said indebtedness or indebtedness, howe~er
evidenced, v?•hether by said promi~tiory note or any renewal or extension thereof or substitute therefor. or otherwise, until all
~ such indebtedness shall have been tully paid.
S 7. /~r Ilre c?~e~et ~lre nrurtKu,K~,rs sc1l. c•u?n~e?~ ur trunsJc~r the~ nrurt.Ku.¢c'c/ prcn~lscs cluri?ix ~/ri• /iJi~ ~,j tlris ??t~,r«~t~r. the~~~
~ Ntis ?nurl~qY~' slwll. Ut the op~i~~?~ uJ Nre~ ,ilnrt.Ka.~cc~ li~~rcin, hrcrnrrc intn?eJiutel~~ c/.~e~ uii~l ~w?•ahlc J~~r Nr.~ Jidl snnr tlrc~ .
~ princ~i~~al halu~rrr un~l intc~msl ~he?r c/r~c•.
q ~'hr terms "Mortgagvr" and "!~lortgagee" whenever u.ed in this instrument shal) include the heir~, ~rw~nal repre-
~ sentatives, successors and assigns of the respective parties hereto. K'herever used the singular number shall include the plural
~ and the plura) the singular, and the use of any gender ~hall include all genders.
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~ Sign aled an li ' th resence of: iSeall
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~ 1 Seal?
'y . . i 9 ~~.i'. I 9 P~ • 2• J~
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~s~,~~~ ST LU E G;~J'1TY.FL~.
~ P.OGER POlTF.AS
STATE OF FLORIDA I~S CLEAK C;~CU~i C.~~~ T r,
~ cotnvTV oF ~ ~cie ? , 9. ~¢.,~c>r~
Before me personally appeared ESTELLE STEVENS , an unmarried WOIik1II
to me wefl known and known to me to be the individuals described in and who executed the foregoing inslrument, and
- acknowledged before me that they executed the same for the purposes therein expre~ed. WITNESS my hand and official seal
in the County and State last aforesaid this 7th day Of July ~ 1979
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~ My Commission Expires: June 3~ s 19H3 Notary Public, SW~ ~
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