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Home My WebLink About1248 , - • ~ Our fi=le 5-18,182 this mortp~e or other tn~sfer o( title to the mort~a~ed property ia extiasu~sAment ot tAe indebtedness se:ured hereby, all ri~ht, title and in~e~est ot tAe Mat~ator in and to aay inswance policies then in torce shall pass to the purchaser or ~rantee. (A) To per(orm, canpiY ~rith and ~bide by eacA ~nd erery the stipulations, a~eemeats. conditioas aad covcnants in said p~om~ssory nole aad ia tA~s deed set fortA. (i) TAat if any ot s~id awos ot money here~n reiened to Ee eot promptly and fully paid vithin fiReen days neat after tAe same seretally Aecomes due aad payable, ot it each sad evety the alipulatia?s. ~areementa. conditions aad covenants of said pcaais- ~ aory aote and this deed. or eitAe~. ~re aot fully pertormed. complied rith and abided by, the said sure~ate s~mo mentioned in aaid ~ - pranissay note sAall became due and payable tor[AvitA or therealter •t the optioa o[ the Mort~~~ee is tully aad completely as if the s~id a~~eaate sum ot aaid p~omiasay note w~s ori~inally stipulated to be paid m such d~y, ~aythios in s~id p~omissory note o~ herein to tAe eantruy notvithstaadins. (j ) TAat ie order to accelec~te ~he m~turity ot tAe indebtednesa bereby aecuced. bec~we o( the tailure of the Matsa~or to pay any taa. assesament, liability. oblis~tion or encumbrance upon aaid prope~ty. aa hereia provided. it sd~ll not be aecessary o~ requisite th~t the mort~ssee shall fi~st p~y [he 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 aither before or a[ter delinquency any or al! of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage secarity or for t6e col- lection of' the indebted~ess hereby secaced. All sums so advanced or paid by the Mortgagee shall be charged into the mottgage account and become an i~tegtal 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 of the original i~ebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the Mottgagce forthwith upon its demand aad be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mottgaged property ahall at att times, durina the life of this mortgage. temain in possession o[ the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of th~ Mortgagor in and to any such abstracts oC title shall pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured her~by, 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 hercin 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 liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby ~s preserved and shall pass to and be held by the Mortgagee herein as secuiity fot the indebtedness to the Mortgagee herein described or hereby secured, to the samc extent that it would hav~ been preserved and would hava been passed to and been held by the A~fortgagee had it been duly and regularly assigned, transfened, set ovet, and delivered uato 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 th~ parties hereto that the same will be satisfied and cancelled of record by ihe holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mottgagee may, without notice to the Mottgagor, 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 liabi{ity hereunder or upon the debt hereby i secured. No sale of the premises hereby mortgaged and no forbearance on the pact of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secared given by the Mortgagee shall operate to release, discharge, modify, change or affect the original liability of tha Mortgagor 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 evidenced, whether by said promissory note or any renewal or eatension thereof or substitute there- for, or otherwise. until all such indebtedness shall have been fully paid. ' 7. /n ihe event the inorlgagors sell, convey or transJer the mortgaged premises during the lije oj this mort- j gage, then this inortgage shall, at the option oJ the blortgagee herein, become i?nmediately due and paya6fe for the ; ju/l suni oj the principal balanre and interest then due. ; 8. The te~ms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular s number shall include the plural and the plural the singular, and the use of any gender shall include all genders. r ~ 1 c Si ed sealed an del~ e d in the resence ot: ~ / r'~~ (Seal) ~ , P t (SeaU ' ' t ~ ~ ~ STATE OF FLORIDA COUNTY OF ~ ss ~r. Lvcia rE Be[ore me personally appeared riATTIE I.E'~ ffiIIGHT, an unm~rried 1iTOIDaA - to me well knovm and known to me to be the individuats described in and who executed the foregoing instrument, ~ and aclu~owledged before me that they e~ecuted the same for the purposes therein expcessed. WITNESS my hand " and officisl seal in the County and State last aforesaid this 14~ ~IB~ OZ J , ~969 ~ ~ ~ . ~ : . - . r ~ . ~ ~ e~ 19~ Notary Public, ate of 101'~ tr ~ ~ ~~~t~ ~~n + , ~ ST, lUC1E COUNTY. tA: 1. ~ RFCORO VERt~lEO _ L~~~ ' ' . . ~ ~ ~ . ~ ' ~ . ~ . . . ~ '69 JUN 26 PH I :OT . ~ 1'798`78 ~ ROGE~i rO1TRAS fl R CLERK CIRCUIT COURT; appK ~r ' ~ _ _ ~ _ . _ _ _ - a~_~ ~