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Home My WebLink About0905 .S , ' ~ Our tila 5~18,1?8 tAia moctsa~e or other uaoste~ ot ~itle to tAe aroct~~~ed property ia e:tiatuis6meat o( the indebtedaess secured hereby. all risht. title aM iate~est ot the l~lort~or ia and to aar iasur~ace polieiea thea in foree sh~ll pass to Uw puccAue~ or ~nntee. , (A) To per[am. cosply ~ith and abide by eacb aad eve~y 1he stipulationi. ~~reemeats. conditioas ~nd coveaaats in s~id p~omisaory note aed ip 1Ais deed set torth. (i) That i[ u+y ot said sums o[ money herein ~e(ened to be aot promptly ~od fuUy paid vitAia tifteen days aext atter Ihe saoe severally pecaeea due aad p~YSble. or it eacb and every We stipul~tioas. ajreemenu. conditioas aed corenaats ot said p~aais- aory aote and this deed. o~ eithe~. ue noc tully per[or-ed, eomplied vitb ~ad ~bided sy. tLe said au~aNte sus mentioaed ia said pcosiuaY aote sAali beeose due aod paY~blc (ortAvith or Wereatter •t the option ot tbe Mat~~see ~s fully sad caapletelY a~ if the s~id ~re~ate auw ot s~id ptamissory aote ~ras ori~ia~lly stipul~ted to pe paid m suc6 d~Y. aayt6in~ ia s~id ptomissory note ot hereia to ~he coatruy aohritlutsodin~. (j) TUat ia order to acceletate tbe maturity ot the indebtedaesa hereby secuced, bec~we ot the failure of the Mo~t~a~or to p~y any u:. asseas~sat, liability. obiisatioa or encuobrance upan aaid propertr, as heteu? provided, it shail aot be aecessary or requisite th~t the mat~a~ee shall firsi p~y tLe same. 2, The Mortgaaeo may, at his option. and without waivina his right to accelerate the indebtedness hereby secnred and to foreclose the same, pay either before or atter delinquency any or all of those cectain oblisations required by the terms hereof to be paid by the Mortgagor [or the ptotection of the uwrtgage security or for the col- lection of the indebtedness hereby secuced. All sums so advanced or paid by the Mort~agee shall ba charaed into tha mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage. aa fully and to the same estent as thou~h a part of the ori~inal indebtedaess evidenced by said note and secured by this mortgage, excepting however. that said sums ahall be repaid t6e Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. - 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, ducing the life of this mortgage, remain in possession of the Mortgagee and in eveat of t6e foreclosure of this mottgage or other trans[er of title to the mortaaged property in eatiaguishment of the indebtedness secured hereby, all risht. title and interest of the Mortgagor in and to any such abstracts of title shall pass to the parchaser or grantee. 4. To the eatent of the i~edebtedness o[ the Mortgagor to the Moctgagee described herein or secured hereby, the Mortgagee is hereby subrogated to tha lien or liens and to the rights of the owners aad holders thereof of aach and every mortgage. liea or other incambrance on the land described hereia which is paid and/or satisfied, in whole a in part, out of the proceeds of the loan described hereia or secured hereby, and the respective liens of said mortgages. liens or other incainbrances, ahall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the iadebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been presecved aad would have been Passed to and been held by the Mortgagee had it been duly and regularly assigned, transCerred, set over, and delivered unto the Mort- gagee by sepatate deed of assignment, notwithstanding the fact that t6e same may be satisfied and cancelled of recad, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holdera theteof at or about the time of the recording of this mortgage. S. In the event the ow~ers6ip of the mortgaged pre~nis~s, or any part thereof, becanes vested in a person other thaa the Mortgagoc, the Mortsagee may, without notice to the Mortgagor, deai with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuced, in the same manner as with the Mort- sagor without in any way vitiating or discharging the Mottgagor's liability hereonder or upoa the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the psrt of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby securcd given by the Mortgagee s6all operate to reiease, discharge, modify, change or affect t6e original liability of the Mortgagor 6erein 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 evidenced, whether by said ptomissory note or aay renewal or exteasion thereof or sabstitute t6ere- ~ for, or othetwise, until all such iadebtedness shall have been fully paid. ~ 7.. /R the event the mortgagors stll, convey or transJer the neongaged prernises during the life of this mort- ~I gage, then this ~nortgage shall, at the option of the Mo?tgagee herein, become inunediately due and payable Jor the ~ full sum oJ the principal balance and interest then due. 8. 7'he tem~s "Mortgagor" and "Mortgagee" whenevet used in this instrument shall include the heirs~ personal representatives, successors and assigns of the respective pazties hereto. Whetever used the singular number shall include the plural and the plural the singular, and the use of aay gender shali inclade all gendcrs. ~ Signe ealed ' ere in the presence of: (Seal) (Stal) ~ ~ ~ ~ STATE OF FLORIDA COUNTY OF~ S S . - - - - - - - , ~eTESrej'mIIe pe~rsonaliy appearcd BYRON I~T. ROGER$ atld SUSAN L. ROGS$S~ hf8 wife ~ to me weU known aad known to me to be the individuala described ie and who executed the foreaoing inswment, ~ and acknowted~ed before me that they executed the same for the purposes therein eapressed. WITN~3S my hsnd ~ and official seal in the County and State last afosesaid this 5m D~y Or ~T11IIe ~ 1 : ' ~ ` , ~ ' ~IlEO AND RECOROED; ~ - ~ ~ t ~ ST, I.UCIE COUNTY. FLA.~ i RFCOi2D VERI~~~O ' ~ ~ ~ My Commission Eapires: June 30, 19'll (~otary Public, State of F a=~ ~ . ~ '69 JUN 19 PM 3: 4~ f ~ • c at , ' . .1 i~~1654 ~ ~ ::o,~R ?O~TR;.S m CLFRK CIRCUIT COUR7_ ~ goaK178 PAGE g04 v _ . . - ~ : . ~ :