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Home My WebLink About2113 • ~ Oti]C ~11e 5-1t3, ~bt3 • t tAia wort~ije or othar uaaster of title to tNe morts~~ed property in eatiatuisAaeat ot ~he indeEcedaeas secured Aereby~ all ri~At. title ~ and inte~est ot tAe Mort~a~ar ia and to aay iaauraaca policies thea ia to~ce shaii pasa to the purcA~ser o~ scaatee. ~ , (A) To pe~tais, comply ~iW aad abide by each and eve~y the •tipulatiau. ~=reeawnb, coaditions sad coveo~ats in aaid pro~issory aote aad ia this deed set tortA. (i ) That if any ot s~id sums ot money hereia ~eferted to be aot ptomptly ~ad tully paid ~ritAin fiRcen days aeat ~tter the saee sevenlly becooes due aod paY~ble.ot ii each and erery the stipul~tiau. aueeeeaa, coaditiau aad eovea~nts ot said p~oa~is- sory aote snd this deed. ot either. ue not [uliy pertarmed. eovplied With and asided by. the said a~reqte sue mentioned ia s~id prooiasory aote sAall bacose due a~d p~yable torthwi~h o~ there~Ite~ at tAs optioa of t6e Martpsee as Wlly and completely as it the said a{jre~ate au~ ot said promissory oote ras otisinally stipulated to be p~id m such d~y, aaytLia~ ia s~id promissory aote a~ 6e~eia to tAe eoauuY ~~it6alandin~. (j ) Th~t ia orde~ to accele~~te the m~turity of tAe indebtedaeas 6ecesy secured. becauae of the tailure of the Mort~a~or to pay ~aY ux. assesameot, liability. oblis~tiaa er encuabraaee upon said ptoperty~ as hereia provided. il shall not be necessary ot requiiite th~t fhe mats~ee shall first pay tAe same. ~ 2. The Mort~a~ee may, at his option, and without waiving his tiEht to acceierate the indebtedness hereby secured and to faeclose the same. pay either before or after delinquency any or all of those certaia obli=ations required by the tenas heteo[ to be paid by the Mortgasor for the protection of the mortgase security ot [or the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charsed into the mortaage account and become an integral part thereof, subject in all respects to the terms. co~itioas. and covenants of the afaesaid promissory note, and this mortgage, as fully and w the same extent as thoush a part of the original iadebtedaess evidenced by said note and secured by this mort`age, excepting however. that said sums shall be repaid the Mort~agee forthwith upon its demand aad be in additioa to thc reaular monthly instaU- ments provid~d by the matga`e note. 3. That the abstract or abatracts of title coverina the mortaaged property shall. at all tianes, durina the life of this matgage, remain in possession of the Mortgagee and in eveat of the foreclosure of this mortgage a other transfer of title to the mortgaged property in extinguishment of the indebtedness secured henby, all right, title and interest of the ylortgagor ia aad to any such abstraces of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mort`aaat to the Mortgagee described hecein or secared hereby, the llAoct`aaee is hereby subrogated to the lien or liens and to the rights of the owaers and holders thereof of each and every mortgage, liea or other iacwnbrance on the land described herein which is paid aad/or satisCed, in whole a in part, out of the proceeds of the loan desccibed hereia or secured heceby, aad the respective liens of said mortgages, liens or other iacumbraaces. ahall be sad the same and each of them hereby is presarved and shall pass to and be held by the Mortgaaea herein as aecurity for the indebtedness to the Mortgagee herein described or hereby secured, to the same eatent that it would have beea presetved and would have beeo passed to and been held by the Mortgagee had it been duly and regululy assigned, traasfened, set over, and delivered unto t6e Mort- gaaee by separate deed of assignmeat, notwithstandina the fact that the same may be satis[ied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and eancelled of record by the holders theteof at or about the time oC thc recordinE of this mortgage. 5. In the event the ownership o[ the mortsaged premises, or any part theteoC, becanes vested in a person other than the Mortgagor. the Mortgagee may, without aotice to the Nbrtsaga, deal with such auccessor or suc- cessors in interest with reference to this deed aad the debt hereby secuced, ia the same manner as with the Mort- sa;or without in any way vitiatin~ or dischargin6 the Mortaagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortsa~ee, and no ex- tension of the time for the payment o( the debt hereby secared given by the Moctgaaee shall operate to release, discharge, modify, change or affect the ori~inal liability of the Moctgagor herein either in whole or in patt. 6. '~'he lien of this deed secures and shall continue to secure paymeat of said iadebtedness or indebted• ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- [or, or otherwise, until all such indebtedness shall have been fully paid. - 7.. /a the even~ the ,nortgagors sell. convey or t.ansJer the mo~tgaged prenrises during the li je oj rhis ~nort- ~ gagt, then this nwrtgagt shall, al the option of the Mortgagee herein, 6econ~e inuhedielely due and payable Jo~ the ~ jutl sum oj ~he principal balance and interest then due. 8. T6e tertns "Mortsasot" and "Matgagee" whenever used in thia iastrument shall include the heics. ~ pasonal representatives, successots and assigns of the respective parties hereto. Wherever used the sin6ular number shall include the plutal and the plaral the singular, and the use of any 6ender shall include all senders. ~ ~ ~~~~`''D'~ (Seal) ~ ~ ~ Si d, sealed a d v ed in the presence of: t ? ECORDED (Seal) ~ ST. LUCi~ C • R;:~ORD V£RIF'~D ; ~ ig044'7 ` ~ ~ STATE OF FL.ORIDA 55 I t-"~ IO ~ I~ ~ ~ COUNTY OF ~ '~X~ aa un~arri~d ~ ~ote mT'eIIpCeris$onally appeared JOHB B001(8 ~ al SO ][noYa , a~ ~~0~~~ ~ } ` to me .ve11 knovm aad known to me to be the individuals describe~~ ~~~t~~QTae=oia~ inswment. ` ; and acknowledsed befae me that they executed the same for the purposes tberein exptessed. IYITNESS my hand ~ s and official aeal in the County and State Isst afaesaid this 218t De~ Of 1~. : ~ , i ~ ~ ~ ~ ~ ~ ~ty Cosrunission Expires: Jt1n~ 19'll Notary Public. St e of l~lori_` ~ f ~ - ~ ~ . ~ ~ . ~ . ' - . • , s , . ~ ° ~ 1?8 ~c2111 ~ eatx ~ ~ ~ - ~ - ~ . - ~ ~ ~ E f - C k " ~ G. ~~'~~'i~.h~`°,v~- .~F-.v~"~'T t'.~~'~ rT~~~~