Loading...
HomeMy WebLinkAbout2928 • Doti. thereof by mail to the Mortgagee and tM Martsaaae may nuke proof d loss it the same is ant made promptly by the Mortgasor. In acanu of Iora• elowue d thee martgagta or other traasfar at title W tba mortgaged property in a:tinsuishmsot of tM iadsbtadnsss ssausd hanby. all risht, titM and iatatwt of the Mortgagor in and to any inauranoe pokeisa then in toms shall pass to tM purchaaar or great.. Ih17b perform, comply with and abide by aces sad every tM atipu4tiars. agraMn.ata, eooditions and oovenaats in acid promissory note sad in this dead sat forth. 1i17sat J any d said sums of moray herein referred to be not promptly and fully paid within httesa days nest attar the acme severally become. due and payable, or i t each and .vary tlra stipu4tiona, agreement.. ooeditioru and covenants of wed promissory note and this deed, or either, aro eat tulbr performed, ooanpliad with and abidd by. tM said aggregate sum rtrationed in acid promissory nou shall beooms due and payable forthwith a thereattsr at the option d the Mortgages a IuUy and oomplataly u it the said aggregate sum of said promissory Dote wu origirully stipulated to be paid oa each day. anything in acid promissory Dots or herein to the eaHrary notwithalartding. 1 jl 7bat in order to accelerate the maturity of the indebtedness hdeby secured. beaus. of the failure of the Mortgagor to pay any to:. assessment. luhrb- ty, obliptioa or eneumbranaa upon said property. u herein prov?ded. it .lull not be neoeasary w requisite that the mortgsgee shall Got pay the same. 2. The Mortgagee 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 delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebted- ness hereby secured. All soma so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms, ~onditiona, and covenants of the aforesaid promis- s gory note, and this mortgage, as fully and to the same eztent as though a part of the original indebtedness evidenced by. said note and secured by this mortgage. excepteng however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstractor abstract. of title covering the mortgaged property shall at all times, during the life of this mortgage. remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in eztinguiahment of the indebtedness secured hereby, all right, title and interest of the Mort• gagor in and to any such abstracts of title shall pass to the pwchaser or grantee. 4. To the eztent of the indebtedness of the Mortgagor to the Mortgagee dexribed herein or secured hereby. the Mortgagee is hereby subrogated to the Gen or liens and to the rights of the owner. and holders thereof of each and every mortgage, Gen or other encumbrance on the land described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective Gens of said mortgages, Gens or other encumbrances, shall be and the name and each of them hereby is preserved and shall peas to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. to the name eztent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mortgagee 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 cancelled of record by the holders thereof at or about the time of the rernrding of this mortgage. 5. In the event the ownershep of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor or successors in in- ; rarest with reference to thin deed and the debt hereby secured. in the same manner as with the Mortgagor without in any way vitiating or discharging the Mortgagor'. Lability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbesrance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, dixharge, modify, change or affect the original lia- bility of the Mortgagor herein either in whole or in pert. 6. The lien of thin 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 otherwise, until all such indebtedness shall have been frilly paid. T. In the tvent the mortgagors self: conuty or trnnsjer the mortgaged premises during tht li/e of this mortgage. j thin this mortgagt shah at the option of the Mortgagee herein, become immediately due and payable jor tAe jell sum of the principal balonce and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, per- sonal representatives, auocesaors and assigns of the respective parties hereto. Wherever used the aengtrlar number shall include the phlral and the phual the singular, and the use of any gender shall include all genders. f S' , seal ~ d d ed in the presence of: - ` ~ j ~ ~ Vii, i Seal1 ~ EUGE, KO F • s STATE OF FLORIDA ss COUNTY OF BROWARD s Before me personally appeared Eugene H. Kolek & Elizabeth L. Kolek, his wife to me well (mown and known to me to be the individual described in and who ezecuted the foregoing instrument, end aclmowledged before me that they ezecuted the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid thjall~th day OfNOV bar, 1979• ; 1 _ i ~~CLG~ ~L~lG1~ - ~ ~ - My Commission Expires: _ Notary Public, State of Florida _ Th:s :s ~ ballcon m~rt~,~~e anti the fine! a - ^4~~~`7 - ~ . ~ n~~e:~t Kor'C;hnenbal~;nce dl:~ :;p n m~;,lr~!?, i; ~ ~~}141.a.SL~r t~cn.'-:~E.'r L"l~:il ~:~C1U..;.! ii1:C.'CS:, i~ll.C'~~:. ~~?'i.'ri`' - Si. .r,l,l ~ i~.;,5~ ~f "'ny, and del ZCjVc'3nCCti~E;ilfS n";,.Cje by the ROGi=n^ - ~r 9~~ 3~~ r