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Home My WebLink About0011 • ' ' Our file 5-18,616 th~s eKx~~~~e or o~Aee usasfer o( ti~le ~o ~Ae aant~~ed propeny ~n ea~in~uishmea~ oi the indsbteaness xeeured hereby. alt n~At, t~tle anJ ~n~e~est o( tAe Mort~aja ie snd to ~ay iasur~aee policies ~hen in face sh~ll p~sa to ~he pwcAase~ or ir~atee. (h) To petfors. cop~iY ritA tad abide Ar eacA and erery Ibt s~ipul~tions. ~~recwents, comlitiuns aad covtnsnta ~n said prom~sao~y notc aa6 ~nolh~a dtt11 s0i ioitii. ~ G 1 7'hs1 i( snY of s~iA s~ws ol ew~ey hcrein rc[enrd ~o Se no~ p?a~pUy ~nd tu11y oaid ~~iA~n i~(tera day. ne~~ a~teE ~he sanN sererailr becowes due aad ~yaAle.a it sach aad evay We s~iPulations, s~reewentr. cafdilioaa and covtaaets o( aa~d ptos~~• aa~ nate and this deed. w eithe~. are not lullr perlorsed. cMUplie~i with snd asided by. tAe raid ~urepte sma sen~~c.aed ie c~id pran~.aaY no~e s6a11 becose duc and payaple tatA~i~h o~ there~fter ~t tAe optioa ot tAe 1Awl~s~ee aa fully ~ad eaaple~tly as if the a~~d aasre~~te su~ o( s~id pcasissorY aota ~as ai~in~11Y stipulated to be paid oa sucA d~Y. aeytA~n~ in aaiJ prasisswr note a here~n ' to the conttuy nolrithaeandin~. ~ ~ Thae in Mde~ to sccelerstc the matu~ity ot We indebtedness.Aerebr sceoured, bet~use ot tAt f~ilure of tht \1ott~a~M to pay aey ~aa. ~..e.taeat, IubilitY. obliption a encuabrance upan s~id p~o~+erty, as 1?e~e1n proridM. ~l sAall not be aecescary vr requ~s~te tAat tAa ~mut~a~re shall fi~st psy We ssa~e. 2. The \lort=agee may, at his option, and without waiving his ri`ht to accelerate the indebttdness hereby secured and to [aaclose the same. pay eiiher beton ot aftet delinquency any ot all of those certain obli`ations required by !he terms hereof to be paid by the Motttador for the protection of the mott6ate aecutity or for the cal- lac~iun of the indebtedness hereby secuced. All sums so aavanced or paid by the Mort~asee ahall ba charged into thz mort~age account and become an inte~ral part thereaf, subject in ali respecta to the terms. canditions, and ro~•enants of the afacsaid promissory note, and ihis mortga~e. as fully and to t6e same extent ss thouah a part ~~f the ari~inal i?~ebtedness evidenced by said note and secured by this mortaaae, excepting however, that said .ums shall be repaid the Mongssee torthwith upon its damand and be in addition to th~~ular manthly install- mcnts provided by the mott=afe note. - 3. That thc absuact or absuacts ot title covering the mortsated pwpetty ahall at all times, durina-the li(e at this mortgage, remain ie possession ot the Mataaaee and in event of the foreclosure o! this mori`age or other tran.ler of titlr ta the mc~rtgafed property in extinguishment of the indebtedness secured hereby. a11 right, title and interest of the ;~tott~agar in and to any such absttacts of title shall pass to the putchaser or gr~~tee. 4. Ta the extent of the indebted~ess of the Mort~aaor to the (~Mrtga~ee described herein or secured heroby. th~ ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and hotders the~eof ot each and every mc?rtaage, lien or other incumbrance on the land described herein w~hich is paid and!or satisfied. in wh~.le or in part, ~wt of the procceds of ihe toan desaribed herein ar secured hereby. and the reapective liens of ~aid mort`a6es, liens or other incumbrances. ahal! be and ihe same and each o[ them hereby is pnserved and shall pass t~~ and he held by the 1lortgagee herein as security 7ot tha iridebtedness to the Mortgagee herein described or hereby szcured, to the same extent that it v?•ould have been presGrved and would have been passed to and been held by the !1lortgagee.had it been duly and re~ulatly assianed, transferred. set over. and delivered unto the Mort- . gagee b~ separate deed of assignment, notwilhstandins the ~fact ihat the same may be satis[ied and cancelled of record. it beina ihe intention of the p~rties hereto that the same will be satistied and cancelled of record by ihe hulders thereuf at ar about the time ot the recordina of this.mortgage. S. tn the evenc the ownership of the mortgaged premises, o~ any part thereof. becomes vested in a person other than the 4Nxtgagc.r. ihe ~1ort6agee may. without notica to the Mortgaaor, deal with sucb suceessot at sue- cessors in interes: with reEerence to ihis deed and the debt hereby secured. in the same manner as with the Mort- ~agor without in a~y way vitiating or dischargin6 the Mortsagor's lisbility heteunder or upon the debt hereby secured. No sale of the premise~ hereby mor~gaged and no forbeazance on the put of the'.4lortgagee. and no ea- tensian of the time for the paymeat o[ the debt hereby secured given by the Mortsagee shatl operate to release, discharge, modify, cha~ae or atfect the cxiainal liability of the Mottgagor herein either in whole or in part. - ~ 6. The tien at this deed secures and shall continue to secure payment oC, said indebtednes~ qr indebted- ness. hov?ever evidenced, whether Ky said promiasory note nr any renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shal) have been tully paid. . 7. In ~he even~ ~the mo~tgagors selt. convey or transjer the mor~Raged premists during the lije oj this aeoct• ~ gage, then. this mortgage shc11, at thP aplion oj the bio?IRagee herein~ become immediately due and payo6le fo? the ` jult sum oj the p?incipal balnnce and interest ~hen due, ~ ' 8. The tem~s "!Nortgagar" and "1lortgagze" Nhenevtr used in this instrument shal! ieclude the heirs, k petso~al representatives, ~Succassors and assigns of the respective parties hereto. Wherever used the singular number shal! include the plura! and the plural the singular, and the use of any gender shall incfuda alt genders. ~ ~ Signed, sealed and delivered i the presence of: (Seal) • ~ * (Seal) ~ ~ ` STATE OF FLORIQA I ' t COUNTY OF dA~ ~ s~ ~ ~ sT. L~rczs r Before me pecsoc?Atly appeared HILLIARD L. JOHFSON a~1d BOBBII3 JOYCB JOHNSON, Fis to me well known and known to me to be tbe individuals desaribed in and who executed the fore6oia~ insuumentwife ~ and acknowled`ed befae me that they eaecuted the same for the purposes therein e:~essed. WITNESS my hand _ and official seal in the County and State last aforesaid this llth Day Of Se 6P~ 1969• ` ~ _ I _ f ~ - ~ • ~~f,, ; i i . . . 3 ? ~1y Gxnmission Expires: J11219 30. 1971. Notary Public. State of F , ~ ~ _ . 's.: . ' . _ ~ - . S . 9", : Vf~~1~) ` . ~ _ . ;G ~ £ _ . 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