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Home My WebLink About0889 ' ~ ' Our file 5-18,670 thia mor~t~~e or othe~ tnaate~ of title to the mo~tai~ed ptoperty in eatinsuishmaet of tAe inoebtedness securrd he~ebY. all ~i~ht. title and inte~est o( the Mort~~jor ia and to any insurance policies thea in fo~ce shall pass to the putch~set or sr~~tee. (h) To perform. caaply riW aad abide by eaeh and every the stipulatioas, asreemeob. coaditioas aad covenants ia s~id promisaory aote and ie Wis deed set tath. (i) TA~t it any of s~id sums of money herein retencd to be not ptarDt~Y ~ud ~~~~r P~id vrithin fifteen days neat after ~he suoe sevenlly becomes due aad payable.or it each aad eve~y We stipul~tioas. ~~reements, conditions and cove~~ats of s~id praais- say note and this deed, ot either, ~re not fully per[ormed. casplied wit}: aad abided sy. tAe said akrepte sum etationed ia ssid praaissay note shall becaue due and payable t«th~riW or tAereatte~ at the optia? ot tAe Mo~t~asee as fully aud completely ss it t~- s~id ej~e~ate su~ ot s~id pcomisso~y aote v~s ori~iaally atipulated to be paid m such d~y. saythia~ in s~id ptomisaory note ar Aerein to ~he caauuY notvitlut~adin=. (j) That in order to ~ccelente the ~¢atu~ity ot the iadeptedaess hereby aec~ed. because ot the failu~e o! ~he i/octpsor to paY any ta:. aaaessme~t, Iirbility. oblisatian or encumbrsnce upon said property, as herein p~ovided, it shall not be aecess~ry or tequiaite Wat the mo~t~a~ee sh~ll firs~ p~y tAe same. The Moctgagee may, at his option, and without waiving his right to sccelerate the indebtedness hereby secured and to foreclose the same, pay either beCore or after delinquency any or all of those cectain obligations required by t::a terms hereo[ to be paid by the Mortgagor for the protection of the mortgage seceuity or for the col- lectiai o[ the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account a~ed become an integral part thereof, subject in all respects to the terms, conditions, and covenants of the a[or~said promissory note~ and this mortgagc, as fully aad W the ssme extent as though a part of ihe original indebtedness evideaced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the Mortgagee [orthwith upon its demand.sud be in.addition to the resulat monthly install- ments pwvidesl by the moctgage note. 3. That tbe abstract ot absir~ets of title covering the mortgaged property shall at all times. duriag the life of this mortgage, remain in possession of the Mortgagee and in eveat of the foreclosure of this mortgage or other transfer of title to lhe mortgaged property in extiaguishment of the indebtedness secured heteby, sU ri6ht, title and interest of the Mortgaga in and to any such abstracts of title shall pass to the purchaser or graatee. 4. To the eztent of th~ indebtedness o[ the Mongagor to the Mortgagee desctibed herein or secared hareby, . the Mortgagee is hereby subrogated to the lien or ~iens and to the rights of the owners aad hotders thereof of each aad every mortgage, lien or other incumbrance on the land desctibed herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secnred hereby, and the respective liens of said mortgages, liens or other incwnbcances. shall be and the same and each of them hereby is preserved aad ahall . pass to and be held by. tht Mortgagee herein as security for t6e iadebtedness to the Mortgagee hereia described or hereby secured, to the same extent that it would have been presetved and would have been ~assed to and been held by the Mo:tgagee had it been duly and regularly sssigned, transfened, set over, and delivered unto t6e Mort- gagee by separate deed of assignmeat, notwithstanding the fact that the same may be satisfied and canczlled of record, it being the intention of the parties hereto that the ssme will be satisCed and cancelled of record by the holders thereof at or about the time of the tecording of this mortgage. S. In the cvent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tban the Mortgagor, the Mortgagee may, without notice to the Mottgagot, dea! with such successor or suc- cessors in interest with re[erence 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 liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fabesrsnce on the part of the Mortgagee, and no ex- tension of the time for the paymeat of the debt hereby secured given by the Mortgagee shatl operate to release, discharge, modify, change ot affect the original liability of the Mortgagor 6erein either in whote or in patt. 6. The lien of t6is deed secures and shall contioue to secure payment of said indebtedness or indebted- ness, however evidenced, whet6er by said promissory note or any reaewal or exteasion thereof or snbsqtute there- ~ fot, or otlurwise, until all such indebtedness shall have been fully paid. ` 7.. /n the event the ~nortgagors sell, convey or transjer tbe mo~tgaged premises du~ing the liJe oj this niort- gage, lhen this nwrtgage shall, ut the oplion of the Mortgagee herein~ 6ecome immediately due and payable jor tbe jull swn oj the principal balqnce and interest then due. - 8. The tem~s "Mottgagor" and "Mortgagee" whenevet used in this instrument shall include the heirs, pcrsonal representatives, successors and assigns of the respective pariies 6ereto. Wherever used the singular number shall include the plurat and the plural the singular, and the use of any gender shall inclnde all genders. Signed, sealed and delivered i the presence of: - ZSeal) • (Seal) STATE OF FLORIDA COUNTY OF ~7i~~C ss . ST. LIICI eefore me perscnalty appeared LFSTFR L. WH~:ELER a1~d DOROTHY C. WHEELER~ His Wife to-me well lu3own and known to me to be t6e individuals described in and who executed t6e foregoin6 inawment, and acfu~owledged bsfae me that they executed ihe same for the purposes thereio e:pcessed. WITNESS my hand and official seal in the Connty and State fast aforesaid this 20th Day o1' S ember, 1969. fILED AND REC4ROED • . S'?. L'JC~E ~ OUt2TY*FLA• r.~~ . , . 3~r . 1i(y Canmission Expites: J~g 30 ~ 971 Notary Poblic Y' a ~~g r:~~ 6 • 'i-r~ -~,~r. - L ~~9~?7 , : . f . : t~_ _ . ~ . n ~~,,FC ~=OtiTR~S ~ , : CU?T COUR7 nKCIR ~'~~`ti~~::;=~.'"•"~=:. CLE~ ''~,~~iJ~•~•.....•••' ~i~ ~ , ,,7 - 60~K~~~ PACE ~S .,;,,~,?~~~~r,t - ~ ~'i Y T , ~ ' ~ } k{, ~ ~ ~ ~~d '~^S~' ~n ~.S.iiSi:~~,v+~' ._~x.. , _ 't ` _