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Home My WebLink About1591 1 Onr iils 5-18,?64 ! . . . ; , thii way~ae ar otI?~~ u~astsr of IiUe to ths mortp~ed Otope~ty ia eaua~wskmea~ ol tAe ~ndestedness secured Ae~eby, •11 n~ht, ~ule i and in~sreat ot tAs ?1at~s~or in and to aay ieuursnce polieie~ thta ia toae sh~ll pass Io tM pwcAascr a~rantee. , (A) To oer(oris, cosplr ~itA aad ~b~de py eub ~nd every tAt st~pul~tions, a~reements, condiuoa• and coveoaa~~e ~e .a~d piom~..nry ~ aae ~ad in thu dsed se~ tatA. (i) Tl+a~ it any o( said swas o( money here~e referred to bt not proaptlY ~nd tully pa~d ~uh~n (~f~ere day~ nr~t an.r f the s~me sever~lly beeoaes due ~nd p~y~sle,or it esch aad every the s+ep~l~uoas, ~sceeaients, conduionx and coven~nta o( .a~J prom~x- say ndte and ~Ais deed, o~ eiti~e~. ue not fully perforiaed. eaapliad rritA and ~pided by, tht s~id a~re~~te sum menu~u?rJ m.a~d pr«a~sso~y noie sAal! becose due .oa p.y.eie to~th~ritA or tAueatier st the opuoa ot the Mattatre •s fully and comple~elY .c if ihr said as~e~ate sus of said proaissory aote ~ras ori~inally alipul~ted to pe paid on such d~y, anyth~ni in said prom~sswy note a~ herein to ~he contruY ~otvi~Astandin~. (j) Tha~ ~n order to accelerste the wturi~y o( thc indeAtedness herobr setured, bec~use of the t~~lure ot the Mo~tsa<<x tu pay any assens~eeat. Iiability, oblis~tioe ~x enrumbra~ce upon a~id proputy, as herein provided. i1 shall not be aect~~ary or repu~aitt ~Aat thr mat~~~ee shall tirat p~y lhe same. 2. The Nortgaaee may, at his option. anc~ without waivina his riaht to acc~lerate the indebtedness hereby secured and to foreclose the same. pay either before or afte~ delinquency any or all of those certain obligatio~s requi~ed by the terms hereof to be paid by the Mort`aaot for the protection of the mortaage security or for the col- lection of the indtbtedness hereby secured. All sums so adva~ced os paid by the Mottgagee shall be charged into the mortsage account and become an i~teEral part thereof, subject in all respects to the term~. conditiuns, and covenants oi the aforesaid promissory note. and this mwtgaae. as fully and to the same extent as thoush a pact af the ori6inal indebtedness evidence~ by said note and secured by this mori`a~e, excepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly i~stall- mtnts provided by the mort`ase note. - 3. That the absuact or abstracts of title coverina the mort`ased propeny shall at all times. durina the life of this mortgage, remain in possession of the Mort6agae and in event of the fweclosure of thi~ mortgage or other j trans[er of title to the mortaa~ed ptoperty in extin~uishment oi the indebtedness secured hereby, all right, title ; and interest of the Mort~agor in a~d to any such abstracts o[ title shall pass !o the purchaser or grantee. I 4. Ta the extent of the indebtedness uf the Mortaa~or to the Mortgaaee described herein or secured hereby, ~ the Alortgagee is hereby subro`ated ta the lien or liens and to the ri`hts ot the owners and holders theteof of each ~ and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied. in i whole oc in part, out ot the proceeds oE the lor~n described herein or secuced hereby, and the respective liens of ~ said mortgages. liens ot other incumbrances. shall be and the same and each of them fiereby is preserved and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein deacribed ~ or hereby se~uted. to the same eatent that it would have been preserved aad would have bcen passed to and been held by che MMrtgagee had it been duly and re6ularly assigaed, trans(ened, set over. and deliveced unto the Mort- gagee by separate deed of assiEnment. notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satistied and cancelled ot record by the holders thercof at or about the time of the recordina of this mortgage. 5. In the event the ownership of the mortgaged premises, or any pact thereof. becanes vested in a person other than the MorigaEoc. the Martgagee may. without notice to the Atottgasa. deal with such successor or suc- cessors in interest with re[erence to this deed and the debt heceby secured. in the same mann~r as with the l~Mrt- gaaor without in any way vitiatina or discharaing the Mort~agor's liability hareunder or upon the debt hereby secuted. No sale of the premises hereby mortgaged and no fwbearance on the part of the Alortgagee. and no ex- tension of the time for the payment of the debt hereby aecured given by the Mortgagee ahall operate to release. discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness. however evidenced, whether by said promissory nc~te or a~y renewal or eatension thereof ar substitvte there- ~ for, or otherwise. until all such indebtedness shall have been fully paid. f 7. /n the event ~he rnortgagors sell, convey or ~ransfer the ?no?tgaged premises du~ing the lije of this inort- ~ gage, then this ?norlgaRe shall. at ~he option oj the Alortgagee herein, become immediately due and ~yable jor the € jull swn oJ the ~principal balance and interest then due. 8. The te~ms "Mort~agor" and "Mortgagee" whe~ever used in this instrument shall include the heirs, perso~al representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the ptural and the plural the singular. and the use o( any gender shall include all genders. ~ Sign sealed and delivered ' he ptese ce ot: ~L~~l~ ~ ~(Scai) o _ . ' ~ ~ _ (Seal) ` ~ STA't'E OF FLORiDA - ~ COUNTY OF D~ SS gr,pyD W. BIIRI~TT 8180 1~1oT~rr1 as FLOYD W. BIIRKP~T 8ald ST. LIICIE Gyy~yg V~ g~g~~ ~iia Wife also lniown as GLADYS V. Before me personally appearod $i8. W1f9 to mt well fcnown and known to me to be the individuals described in and ~vho eaecu-iedtTie fi~egoms ~nsWment, and acknowledged before me ihat they executed the same for the purposes therein expresaed. WITNESS my hand i and official seal in the County and State last afaresaid this qth Day of Odtober, 1969. i i , i ~ ' ~ . c ~ :'1,~- ~1y Commission Expices: Tur~w ~n ~ 1 Q71 Notary Pablic, State of Flarida ~ • 4~'-: : ~ .r , ~ . n ~ ~ _ _ ~ ~ ~ j,' . - _ ~ ~ r~ % ' ~ ~ ~ ~1i' ~ ' ~ , . i i '7'~. ~ - z'~ ~ ~ ~ ' ' ~i~~ . - ~ . ~/j~ . . !t ~~n~!`~ - .'',~~~f/ 4t7~~+~••.. 600K 1SO PACE~50~ , ~ z s , ~ - - - - = s y . ~ - . _