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Home My WebLink About2092 1 ~ • ~ 1. owc Yile 5-18, 295 ~ this mat~a=e ot other tnnster of title to tAe moctss~ed Qrope~ty ia eatin~uishment ot the indebtedness secure3 hereay, all ri=ht, title •nd iote~est ot tAe Mat~asvr ~n snd to any insurance policies then in torce sAall pass to the purchaaer or ;rantee. (A) To ptr(am, comply ~rith and abide by tacA and every the stipulations, a~reements. conditions and covenants in sp~ prumissory oote aad in th~s deed set torth. ~ ta N j (i ) TAat if ~ny of s~id suacs of money he~ein reterted to be no1 promptly ~nd tully paid with~n rn fittten ~s ne~t {{t!r ~ ! ~he sae?e severally becomes due aad payable,or it eacA and eve~y the stipulations, ~greemeots, cond~tions and~at~nants aid ptoiRi~m say aote and t!?is deed. or either, are not fully pertormed, complied WitA and abided ?+y, tAe ya~d a~~e~tE..sum mentioncd iat~a p p~omissay note sAall become due and payable tortliWitA or therea(ter at the oplioa ot tAe Mat~aaee as tu1~'qd caop~ly aa ' A ~ e~id as=te~~te swe ot said ptomiasory oote ~vas otis?nally stipulated to be paid an sucA day. aaything uf s~i~pnissory~te or A~ Z ~ to the cantruy notvithstandin~, n• ~ ~ A O O ~ (j ) Tdat in orde~ to accelerate the maturity ot t6e indebtedness hereby secured. because ot ~he tv~lure ot th~~ts~~o~ ij ~y an~~ ~ ~ ~ assessaent, liability. oblijation or encumbrance upon said property, as herein provided. it shall not be aec~~y a reQu~a~tc tliq[~ ~ ~ i mort~a~ee shall first psy tAe same. A y 3 C - -C ~ ~ i 2. The Moctgagee may, at his option, and without waivi~g his right to accelerate thCiK$ebtednsss he~~p ~secured and to foreclose the same. pay either before or after delinquency any or all of thQ~ee cettair~bligatio~a~ required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage s~'c r'16r the c~ ~ lection of the indebtedness hereby securad. Atl sums so advanced or paid by the Martgagee shal e rged i~to the mortgage account and become an integral part thereof, subject in all respects to the terms, co ns. and } covenants of the at'oresaid promissory note. and this mortgage, as fully and to the same extent as thou art ~ of the original indebtedness evidenced by said note and secured by tfiis mortgage. excepting however. that ~ sums shall be repaid the Mottgagee forthwith upon its demand and be in addition to the regular m~nthly install ments provided by the mortgage noie. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the iiie of this mortgage, temain in possession ot the Mortgagee and in event of the foreclosure of this mottgage or other transfer of title to the mortgaged property in extinguishment of the indebtedaess 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 eatent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of ihe owners and holders thereof of each . ; and every mortgage, lien or other incumbrance on the land described herein whieh is paid and/or satisfied, in whole or in part, out of the proceeds of the loan describcd 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 is preserved and~shall ; pass to and be held by the Morlgagee herein as security for the indebtedness to the Mortgagee herein described F or hereby secwed, to the same extent that it would have been preserved and would have been passed to and been i , held by the Alortgagee had it been duly and regulatly assigned, transferred, set over, and delivered unto th~ Mort- ; gagee by separate deed of assignment. notwithstanding the tact that the same may be satisfied and cancalled of ~ record, it being the intention of the parties hereto that the same wilt be satisfied and cancelled of recocd by the ~ holders thereof at or about the time of the recording of this mor~gage. ~ 5. !n the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the ~tortgagee may, without notice to the Mortgagor. deal with such successar or suc- ~ cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Nort- gagor Nithout in any way vitisting or discharging the Mortgagor's liability hereunder or upon the debt heceby ' secured. No sale of the premises hereby mortgaged and no fosbearance on the part of the hlortgagee, and no ex- ~ tension of the time for the payment of the debt hereby secured given by the !~lortgagee shall operate to release. discharge,. modify, change or affect the original liability of the Mortgagor herein eith~r in whole or i~ part. 6. The lien oC 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 extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. 7. /n the event the mortgagors sell, convey or transfe~ the ?no?tgaged prernises during the lije o~ this,nort- gage, then this ?sortgage shnll, at the option oj the ,1lortgagee herein, become intmediateJy due and paynb/e fo~ the i jull su~n oJ the prrncipal balance ared interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heic~. ` pecsonal representatives, successors and assigns of the respective parties hereto. W`herever used the singular ! number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ • i f Signed, sealed and delivered in the presence of: (Seal) E E ~'itao s~s ae to C oniea Aewtoa n,~ ^ ' z ~ ~ tseal) ~ Y - Vitneee e s to aro Newtoa a ~ ~ i 5 STATE OF FLORIDA ss ~ ~ ~ COUNTY OF~ • ~ ~e[ot~+~~tsonally appeared'•AROAIA.S NT'rJ'i'OA~ being th9 Mlfe Of HAROI?D, ~1'~GJTOI~ ? ~ ~ to me well known and known to me to be the i~ividuals described in and who executed the fore6oin~,~'rAsu~sles~~,; t and acknowledged batote me that they executed the same for the purposes therein expressed~.WITlQ ~py h.arla~ . £ and official seal in the County and State last aforesaid this 218t D~ Or J1iII9 ~191~~~ J~~, - ~ ~ • , - - ~ ~ ~ ~ ~ ~ I x ~ 4 { Not~1r h~i~c. St~ie d t~ ~t la~e ~ . ~ Co~~io~ b~iras 1~ae 3Q, 1911 r~ ~ ; C~ni~gjor~xpire Notary Public, State oC ! 6~'i lr f~~4i/JN ° ' OF ~~U/~ ~ " Beiore se personall~ appear~d Harold Nsrton, being ths huebaad~o~'~,Gaa4 ~f ~ ~errton, to ~s Mell l~aoMa aad lcaown ta se to b• the indi~ridual: ~serfbed~r•,~: ' ~ and xho ezeauted ths ioregoing inetruient, aad aalcnovledged ~r~fAs~ ~t~ ~ ~ he ezeeutsd th~ ea~e ior ths purposea therein ezprsssed. YIT~~3~'i~:h~a~d:~ ~ officisl eeal in the Coun~y ~~~~fo aid th~s ~a~r~• ~9• ~ua~ ~ MY CO~MN"S~tW`~ EXPIRtS ~.n~ Z~? 1971 ' ~»YN InRW/Gr ~R O OtslTt?hOllti ~ ~ I~ commissioa ezpireg ~ R~"i?e o c, e o ~ orida ' ~ PA~~209p _ . _ ~ - . _ - t :