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Home My WebLink About1588 ~ ~ our t1~~ 5-18,?53 , ~ . - tAis awt=a~e o~ otAer tn~?sfer of litit to the ~t~s~ed ptoPerty ia ezt?asuishaeat oi tAe indeb~edness secured hereby, •11 ~~~ht, i~ile • •nd inte~est of tAe Mo+tN~at ia ~nd to any iesw~nce polic~ea tAta ia fotee sAsll p~st to ~he purcA~ser or {raetee. (A) To pertam, casply ~iW ~ad ~p~de by eacA ~nd every We stipulations, ~~~cen~ena, coadit~ons and coven~ni.~ in .aid pr..mi..~.ry aote aad in ihis deed se1 (atA. (i) Th~t if any ot »~id iuos ot money Aerein reterted to be not ptomptly and fully pa~d r~th~n f~ftrrn J~y. nra~ at~.r ~he s~se seYenllr beeaaes due snd psyable.o~ it eacA and erery We st~pulations, ~~reements. co~wlilions and covenants ot .a~.l pran~~- aay oote and tAis deed. oi e~tAer are no~ fally pertor~ed. cowpl~ed ~itA and ~bided by~ the sa~d auresate sum meeucneJ ~n ~~id a~~u«r no~e aAall become due and payaAle to~th~ritb ar tAe~e~tter ~t tAe option ot the Mona+~ee ~s (ully and completelY a~ it ~he asid ai~e~~te suw of s~id prasisao~y aote ~~s ori~inally s~ipulated to be paid an such day. ~nyUiint ia said ptao~ssory note o~ here~n to tAe contruy not.ri~Ast~ndin~. (j) That in orde? to acceletate the wtunty ot tht indebtedness heresy secured, because of the failure ot tAe Mat~a~~r ~u pay ~ny Irx, asse~eseenl. li~sility. obli=stioa a encumbraace upon s~id property. as hereie provided. it shall not Ae necescary ut tepwsitt IAaI tAr ma~~~~ee shall firx~ psy the ssse. 2. The Mortga`ee msy. at his option, and without waivin` his ri~ht to accelerate the indebtedness h~reb~• secured and to foreclose the same. pay eithet,before or a[ter delinquency any or all of those certain o~ligations required by the terms heaof to be paid by the Mortaaaoc tor the protection of the mortga~e security or for the col- lection of the indebtedness fiereby secured. All sums so advancad or paid by tt~e Mortaagee shall be charged into the ~ortgage account arni become an inte~ral part thereof. subject in all respects to the termc. conditions, and covenants of the aforosaid promissory note, and this mort~ase. as fuliy and to the same extent as thoush e part of the oriainal indebtedness evidenced by said note and secured by this mortsa~e. exceptins however, that saiJ sums shall be repaid the Moctsagee forthwith opon its demand and be in addition to the reeular monthly install- ments provided by the mott`a~e note. ~ 3. That the abstract or abstracts o[ titla coverins the mortaaaed pmperty ~shall at all times. durina the life of this mort6age, remain in possession of the Mortga`ee and in eveat ot the foteclosure of this mortgage or other iraesfer of title to the mort6a~ed pcoperty in extinguishment of the indebtedness secured hereby, all ri~ht, title and interest of the Mottgagot in and to any such absuacts o( title shall pass to the purchaser or granlee. ` 4. To the extent of the indebtedness of the Mort~s`or to the Mortga`ee desc~ibed hercin or secured hereby. the Mortgagee is hereby subro~ated to the lien or iiens and to the rithts ot the owners and holders thereof ot each and every mortgage, lien oc other incwnbrance on the land described herein which is paid and/or satisCed. in whele or in part. out af the pcoceeds of the loan desccibed herein or sec~ued hereby, ar~d the respective liens of said mortgages, liens or other incumbrances, shall be and the same and eacb of them hereby is preserved and shall pass to and be held by the Nbrtgaaee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. to the same extent that it would have been ptesetved and would have been passed to aad been held by the :1lortgagee, 6ad it been duly and resulsrly assigned. transCened. set ovet. and delivered unto the Mort• gagee by separate deed o[ assignment. notwithstas~dina the fact that the same may be satisfied and cancelled of recad. it being ihe intention of the parties hereto that the same will be satis(ied and cancelled of record by the holders thereof at or about the time of the recordina of this mortaage. S. In the event the ownership of the mortgaged premises, or any part thereof. becomcs vested in a person other than the Alortgagor. the Mortgagee may, without notice to t6e Mortgaaor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuted, in the same manner as with the WMrt- gagor without in any way ~itiating or dischargias the Mortgagoc's liability hereunder or upon the debt hereby securad. Na sale ot the premises hereby mortgaaed and no [orbearance on the part of the Mortgagee. and no ea- tension of the time for the payment of the debt hereby secured given by the Mortaagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgaaot herein either in whole or in part. 6. The lien ot this deed secures and shall cantiaue to secure payment of said indebtedness or indebted- i ness. however evidenced. wt~ether by said promissory note or any renewal or extension thereo[ or subatitute there- for, or otherwise. until all such indebtednesa shall have been [ully paid. ~ 7. In Ihe event the mortgagars sell. convey or hansJer ~he mortgaged p~emise~ during the lije oj this mort- j gaRe, then this rnortgage shell. at the optinn oj the bfortgogee herein, 6ecome inunediately due and paya6le jor the ~ jull sum oJ ~he principal 6alance and interesf then due. ~ 8. The tenns "Mortgagor" and "Nortgagee" whenever used in this instrument shal{ include the heirs, ` personal representatires, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use oi any gender shall include all genders. i ned, s~aled and delivered in presence of: (Seal) . i (Seall STATE OF FLORIDA COUNTY OF ss ST . L~S Be[ore me personally appeared CHAtZLIL BLOCKER and DE3SIE ~ BLOCKT~R, His Wife to me well knovm aad known to roe to be the individuals desctibed in and who executed the fore6oins insuument. and acknowled`ed before me thst they executed the same [ot the purposes therein expressed. WITNESS my hand and o[ficial seal in the County and State last aforessid ihis llth Day Of OOt er, 1969. ~ FtlEO AND RECORflED' - - - ' : - IE COUNTY. ~LA• , _ : ~ $?.~LU~ ~n y_ atF! ~D ~ : ~ _ _ ~ ~ tr. ` ~ly Canmi~sion Eapites: d11T1e Notory Public. S ~69 OCT 2~ ~ ~ - _ ~ • ° _ : ' ~ . c~' ~ ~,~.-,n.; .L8~4 - ~ . . ~ z° . . TRAS ~.t a ~ ~~3sf ` jt riOj ? ' . U1T COUR : ~ . - - , ~~ERK CIRC , /lr~i~•~.~..+,-:~:~t'{ a~~~ • 1~ . ~ - `'~'a «>~r. - - i~~~.~~~~