The URL can be used to link to this page

Home My WebLink About1540 a • ' ~ Our file 5-18, 256 this aortj~~e o~ other uansfer ot title to the mort~aYed ptope~ty 10 tillAj418A~C111 0( tAe indestedness secured hereby, sll ri~At. title •nd interest ot the Mor~ptor ia and to any iaaur~nce policies thea in torce sh~ll pass lo tbe puces~sec a pantee. (W To pe~(ora, canply vitA ~ad abide by each and every tAe stipulationa, atteemesu, coaditioas and coren~nts in s~id pranissory aote u~d in this deed set to~th. (i) That it any ot s~id aums o( money hereia re(erced to be aot p[omptly and tully paid wi~hia fitteea days neat a[ter the same sever~ily becoses due aad paYaDle. ot it eacb aad ere~y tAe stipul~tioas. speements. conditions ~ad covenanu ot ssid pranis• sory note and tAis deed. or either~ ue ~ot fully pertarmed. cooplied rriW and aeided by. the said akrepte sum mentioaed ia said proa~issay note shall becaee due and payable to~thvitA or thereattet ~t tAe optioa ot the Matsasee Rs fully aod tompletely as it the _ a~id as=re~ste sum o[ »id pcomisso~Y note was ori~inallY stipul~ted to be paid on such d~Y. aaythia~ in s~id pramissay note or 6ereie to the contncy e?otrrit6standin~. (j) ?hat ia ader to aceelec~te tAe maturity of the inde~tedness hereby secured. bec~use ot thc t~ilure ot We Morts+ta ~o Wy ~~y ~~i• sssesaiaent. liebility, oelis~tioe a encwaDrance upon said property. as he~eia p~ovided~ ~l SA~I~ AOl AE 11OCQSSity Of ttQYlfllQ tl1~l Ne matja~ee shall fi~at psy the saa~e. 2. The Mortgagee may, at his option, arid without waiving his right to accalerate the indebtedness hereby secured and to foreclose the same, pay either before or a[ter delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagur for ihe protection of the mortgage security or fot the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgeaee shall be charged iato the mortgage account and become an intesral part thereof, subject i~ sU respects to t6e tecros, conditions, and covenants of the aforesaid promissoty note, and this mortgage, as fully and to the same extent as ~hough a put of the original indebtedness evidenced by said note and secured by this mortgage. eacepting however. that said suma shall be repaid the Mocigagee forthwith upon its demand aad be in addition to the regulac monthly install- ments provided by the mottsage note. 3. That the absUact or abstracts of title covering the tnortaagcd propetty shall at all times. durin~ the life of this mortgage, remain in possession of the Mortgagee and in event of the toreclosure of this mortgage or other transfer of title to the mort~aged propeny in extinguishment of the indebtedness secured hereby, all right, title and interest of the hbrtgaaor in and to any such abstracts of title s6aU pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described berein or secured hereby, the Mortgagee is hereby subrogated to ths lien or liens and to the tights of tbe owners aad holders lhereof 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 described herein or secured hereby, aad the respective liens of ~ i said mort`ages, liens or other incumbrances. shall ba 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 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 regularly assigned, transferred, set over, and deliverad unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the satae may be satisfied and caacelled of . record, it being the intention of the patties hereto that the same will be satisfied and cancelled of record by the holders t6ereof at or about th~ time oC the recording of this mottgage. S. In the event the ownership of the mortgaged preEnises, or any part thereof. becomes vested in a person other than the Mortgagor, tl~e Mortgagee may, without notice to the Mottgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuced, in the same mannec as with the Moct- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ~ secured. No sale of the premises hereby mortgaged and no forbearance on the put of the Mort6aaee, and no ex- tension of the time for the payment of the dabt hereby secured given by the Mottga6ee shall operate to tetesse, discharge, modify, change ot affect ihe original liability of the Mortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secute payment of said indebtedness ot indebted- ness, however evidenced, a-hether by said promissory note or any renewal or eatension thereof or substitute there- [or. or otherwise. until all such indebtedness shall have been fully paid. 7. ?n the event the mortgagors sc1J, convey or tronsfer the mo?tgaged premises du?ing the 1iJe oJ this rnort- ! gage, then this neortgage shall. at the option oj the Mo~tgagee herein, beconre inunediately due and paya6le jor the # ~ Jull sum ol the principa~ bolance and interest then due. ` ~ 8. The tertns "Mortgagor" and "Mortaagee" whenever used in this instroment shall include the heirs, i personal representatives, successors and assigns of the respective parties hereto. VYherever used the singular s number shafl include the plural and the plural the singular, and the use of any gender shall include all genders. Sisn , seale and el' ere in the presence of: i W (Seal) FILEO AND RECOFtDED , ~.T ~ <<~~e rnt~NTY_ FLA. (Sea~) ' --~T-`~ nRn VERIF~E~ ~ ~ 18045`7 STATE OF FLORIDA SS '69 JU! _I AM I I• I 3 ~ COUNTY OF ~ ~("F"'~ SePoreT'rtIIieCpe~raonally appeared M$LBA {~1AI,I~ACj~ 8~~~r1~ ~U p~~ ' to me well icnown and known to me to be t6e iadividuals deacrib~~n~a~d~d~i~~uted~e~Tforegoing insttument. and acknowled`ed befoce me that they ezecuted the same for the purposes thereia expressed. WITNESS my hand and official seal in the County and 5tate Iast aforesaid this 191 D8~ O= JuIIA ~ 1~9. ; ; Wy Canmission Expires: J11IIe 19~ Notary Public, State of ~lori "Z • : ~ ; , - • . • G•` J • - J I• ; o ~ ?8 P~~~539 ~ soor. ~ ~ ~ ~ _ . s .~:r~ . y. ;