The URL can be used to link to this page

Home My WebLink About0608 ~ ~ Our fil`e 5-~7, 968 tAis eortia~e o~ other u~aaler of title to tl+e sort~a~ed prope~ty ia e:tinauishment ot tAe indebtedaess secwed hereby. all riah~. title ~11d IIIItfCft OI t110 MOtI~t~Of ~A ~71d l0 aAY 111fYta11C0 p0I1C10! U16b IA IOtCC 1I1\I) p~~i l0 lA0 p11~CI1tiQf Of jf~qlCC. (h) To pe~torm. coaply ~ith aad ~bide py eacA and evetr t6e stioulatiaas. a~re~seats, conditiaas and corenants ia s~id p~anisso~y note ~ad ia tAis deed set fo~tA, (i ) That if ~ny ot said auess o[ moaey heroio reteRed to be aot pr~ptly ~ad (ully paid rithia fiReen days aeat atter We same severslly beco~es due and payasle,or if eaca ~ad every tAe stipulatiaaa. ~s~eemenu. co~itioas ~ad coveaanb of s~id p~aeis- so~y aote and this deed. or either. ue oot fully perforsed. co~plied ~rith aad ~Sided by. We said akre~ate sus meatia?ed ia s~id proaissory aote shall t~ecome due and paYable [o~thvitA ot tAete~tter •t the optiaa o[ tAe Mat~a~ee ~s fuily and coaplettly ~s if Ue saiA as~tepte suw of s~id ptoaiaaory aote ~r~s o~i~iasllr stipul~ted to be paid oa sueh day. anythiaa iu said p~omisaory note or Aerein to tAe conuuy aotvitRsaedia~. (j ) TAat ia ader to ~cce:u~te the ayturitr ot the iadebtedaess Aereby secured. becauae ot thc taiture ot tAe Matsa~or to pay any u:. •ssessseat. liability~ oblia~tion or encumA~~nce upan said ptoperty, as hereia ptovided. ~t Sh~II AOl b0 11vCOSS~fy Of fCQY1fItE lll~l tA! mo~tsa~ee sAall fust pay tAa saee. 2. The Mortgagee may, at hia optioa, and without waivin6 his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either be[ore or after deliaquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgaga for the protection of the mortgase secarity or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgaaee shall be charEed into the mortgage account and become an inteacal part thereof, subject in all respects to the terms. conditions. aad covenants of the afacesaid promissory note, and this mortgage~ aa fully and to the same extent as thoush a put of the original indebtedness evidenced by said note and aecured by this mortgage, excepting however, that said suma shall be repaid the Mortgagee .forthwith upon its demand and be in addition to the regular monthly install- ments provided by the matgage aote. 3. That the abstract or abstracts of title coverins the dwttgaged property shall at all times, durina the life of thia mortgage, remain in possession of the Matgagee and in eveat of the fonclosure of this mortgage or other transfer of title to the mortsaged proQerty in eatiaguishment of the indebtedness secured hereby, all ri=ht, title and interest of the Mortga`or ia ead to any such abstracts of title s6a11 pass to the purchaser or srantee. 4. To the extent of the indebtedness of the Mortsagor to the Mortgagee desctibed herein or secared hereby. the Mortaa6ee is hereby subrogated to the lien or liens and to the tights of t6e owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in part, out oi the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be aad the same and each of them hereby is pnservad and shall pass to and be held by the Moctgagee herein as security fot the indebtedness to the Moctgagee her~in described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularty assigned, transfened, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstaading the fact that the same may be satisfied and caacelled of tecord, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof atebr about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becanes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's (iability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and ao forbestance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharse, modify. change or affect the original liability of the Moitgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidtnced, whethet by said promissory note or aay renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been tully paid. ' 7.. /n the event the mortgago~s sell~ convey or tronsfer the mongaged premises during the lije of this mort- i goge, then this moitgage sholl, at !he option oj the Mortgagee herein, become immediately due and paya6/e for the ; jull swn oJ the p~incipal balance ared interest then due. ~ 8. The te~ms "Mortgagor" and "Mortgagee" whenever used in [his instmment shall include the heirs, ~ pasonal representativos, successors and assigns of the respective parties hereto. Wherevet used the singular ( numbet shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ ' i Sig d, seal liv red in the presence of: ~ (Sea~) ~Z.C~ , (Seal) 4 ~ ~ STATE OF FLORIDA COUNTY OF~L ss Berioie ~~r~sonally appeared ~ PgRLST VILI~IAI'i8 ~tad 888? tiTILI~IAMB ~ hf e Wiis x ~ to me weli- ~o~m and haow?n m me to be the individusls described in and who execated the fore6oina instrnment. ~ and acknowled ed before me that the e:ecuted the same for the a y purposes therein expressed. WITNESS my hand ~ and oificial seal in the County and State last af said this Q~ ~ pt' S 1C~(~9 ~ ~ FILEG .:r1u ~ECORDED ~ L'.;.^,~r ~ ^U1.T~ FL~. i . - - . . . ~ ~ ~ ~,,.a. ' ' % . 1A.y Commission Expires: Notacy Public. e of .69 ~ • . ; . ; ~ . i~35t3 ~ ~ _ ' . ~ .~1 f ~ J, „ ~ 7 ^ ; ~ ! _ ~ ~ r C C RT . , . ~ . . • :t. s s~K 177 608 ~ ; , : =:,-v. 7 - ~ ~:r ~ `z'~,:~ ¢ ~s~~- ~ - ~ *-x.~'' ~ " ~ t.s~, = . .