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Home My WebLink About1077 ~ , Our iile 5-18,200 ; , this mwtjs~e a othe~ trans(e~ ot title to ~6e matsa~ed prope~ty IQ tl[1111jYlSllmtlll O~ 1I10 indeptedness secured hereby~ all ~i~l+t. hile and interest of tl~e Nwt~ator ia and to any insu?ance policies tAee in torce shell psas to the purch~ser or ~r~ntee. (h) To perform, cotaply ~ritb aad sbide by eacA and every the stipulations, a~reemeau, ca?ditions and covenants in said prom?ss«Y nole and ia this deed aet torth. i ~ (i ) TAat it any ot s~id sums ut money huein ~etened to be not pcomptly and fully p~id ~rithin fifteen days neat af~er ~ tAe same seve~ally becomea due aad paYaEle. o~ it each and every tAe atipul~tions, a~reements, coaditia?s and covenants ot said promis• sory note and tAis deed, or either, are not tully performed. canplied rith and abided by. the said akresaie sum meetioned in said proa~issory note shall become due a~d payable tathwitA o~ thereafte~ at tAe optioa ot the M«tss~ee as fully and completely ss it the s~id a~=re~ate sum of s~id promiaso~y note rras ori~inally ~tipulated to be paid aa sucA day, aaythiat ia said promissory eote ot herein to tAe contruy notwithst~ndias. (j) T1at ia otde~ to acceler~te the maturity ot the indebtedoess deteby secured. because ot the tailure ot the Moct~a~or to psy any ua, assessmeat~ lisbility. oblisation or encumbrance upon said property, ~s herein p~ovided, it shaU eot be aecessary or repuisite that the matsa~ee shall firat pay the «me. 2. The Mortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secwed and to foreclose the same, pay eicher before or a[ter delinquency any or all of those certain obligatiuns required by the terms hereot to be paid by the MortgaEor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shait be charged into 9he mort~ag~ account and become an integtal part thereof, subject in all respects to the terms, conditions. and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part o[ tha original indebtedness evidenced by said note and secured by this mortgage, eacepting however. that said sums shali be repaid the M~:tgagee [orthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mottgaged Ptoperty shall at all times, during the li(e of this mottgage, remain in possession of the Mottgagee and in event of the foreclosure of this mortgage or other uansfer 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 shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the Mortgagee is hereby subcogated to the lien or li~ns and to the rights of the owners and hotders 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 of the proceeds of the loan desccibed herein ot secured heteby, and the respective liens of said mortgages, liens or other incumbrances, shall 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 indebtedness to the Mortgagee herein 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 Alortgagee had it been duly and regulazly assigned, Uansfened, set over, and delivered unto the Mort- gagee 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 canceiled of record by the holders thereoC at or about the timo of the recording of this mortgage. S. In the event the ownership of the mortgaged premiscs, or any part thereof. becomes vested in a person other than the Mortgagor, the \lortgagee may, without notice to the Mottgagor, deai with such successor or suc- cessors in interest with refarence 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 liability hereunder oc upon the debt hereby 4 secured. No sale of the premises hereby mortgaged and no forbearance on the patt 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 telease. ' discharge, modify, change or affect the original liability of the~Mortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of said iadebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for. or otherwise, until all such indebtedness shail have been fully paid. f 7. ?n the eveRt the mortgagors sell, convey or transje~ the mortgaged premises during ihe lije oj this mo~t- s gage, then this mor~gage shall, at the option oJ the Afortgagee herein, become immediately due and payable jor the t ju/l swn oj the princapal balance and interest then due. ~ 8. The te~ms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. ~ t personal representatives, successors and assigns of the respective parties hereto. Wh reve he inguiar ~ ~ number shall include the plural and the plural the singular nd the se of a gender s II ers. ; ~ ~ Si ed, seal a vere in the presence of: (Seal) ~ (Seal) ~ ~ ~ STATE OF FLORIDA ~ ~ ~ ~ COUNTY OF~ ss ~t. Lucie ELIZABSTH 1~DDERLY an unmarricd woman ~ Be ore me personally appeared befng the i~idOx o~ GSORGE r1DD~RI,Y ' to mo well knovm and known to me to be the ~ndividuals described in and who executed the foregoing insuument. ~ and acknowledged before me that they esecuted the same [or the purposes therein ex d. WITNESS my hand and official seal in the County and State Iast aforesaid this ~j Di~ OZ JL1II 19 9 ~ ~ f s , : : . ~ ,i;. , ~ N~ e • . ~ ti1y Cortunission Expires: .T»nw ~Q : l~'~l Notary Public, State o - ~ . ' - ' ~ . . ~ ~ ~ ~ ' ~ aoo~ 178 ~0 ~S ~ ~ ~ ~~r~~ e_ - . , ~ _ ~ s .s_~