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Home My WebLink About1595 - ~ - aur ~11~ 5-18,?59 tAis aiwt~~ae ot othe~ uansfe~ o! litle to the mat~~~ed propertY ia eatin{u~shaent ot tAe ~ndebtedness secu~ed Ae~ehy, ~il n~ht, utle sad inte~est ot tAe Ma~~~{or ia and to anY insw~nce policiea IAen in (ace sh~ll pass to the purch~~e~ or {r~niee. (A) To perfor~. co~ylr rritA ~ad abide by e~ch ~nd erery tAt st~pulations, s~eements, conditioas ~nd coveaanls ~n said prpmssay note snd in tA~s dced sst (ortA. Gl That il any of s~id sYSa ot aane)~ here~e referred to be not promptly snd fully pa~d ~~ih~n fiheen d~ys ~eRt ~f~er ~Ae ssiae seve~~lly peao~s~ due aM p~yabte.a it each aad every u~c atipulauons. ~~teeoents, conditions sad coven~nts o( sa~d praais- say ~ote and U?is deed. ot eithcr. ue aot fuUY P~rformed, comOlied wiM ae?d abi4ed by~ ~Ac s~id akre~~ie auia menuoosd m said pros~issary note sA~ll beooaro due aed paYable tn~th~r~tA a tAe~a~[ter •t Me ootioa o( tAe Morts~~ee as fully and caapletely as if tAe e~id ~s{~e~~te suw ot s~id Otwri~so~Y aote ~ns o~~~~nally stipul~ted to pe p~~d on sucA daY. saytAin~ in s~id ptanissaY nott o~ hcre~~ ' to IAe conltary notrithst~edias. ~ 1~ / TAat in orde~ to accelerats the maturity ot the indcbtedness Aereby aecwed, because ot the fsilure ot tAt Mat~a~a p~Y any ua, •sreaymeot, I~~bilitY. oAlisatioe a eRCwnMance upnn sa~d p~oFe~ty, as herem providtd, ~t shal) nol be necescary at reQu~sue that ~ht m~xtp~ce shaU 6tat pay tAe atse. 2. The A1ort~agee may. at his option, and without waivin~ his right to accelerate the indebtedness hereby _ secured and to foreclose the same, pay either before or after definquency any or all of those certain oblitations . ~equired by the tecros hereof to b~ paid by the Mortgaaor for the protection of the mortgage security or for the col- le~tion oi the indebtedness hereby secured. All sums so advanced or paid by the Mort`a;ee shall be char~ed into the mortgage account and become an inte=ral part theteof, subject in all respects to the terms. conditions, and ravenants of the aforesaid promissory note. and this mortaage, as fully and to the same extent as thou`h a pa~t ~~f the o~iai~al indebtedness evidenced by said note and secured by this mortgaae, excepting however, that said ~ums shall be repaid the Mortgagee forthwith upon its demand a~ be in addition to the reaular monthly install- ments ptovided by the mottsase note. 3. That the absuact or absuacts ot title covering the awrtgased property shall at atl times. durin` the life ~~f this mortgage. remain in possession of the Mottgagee and in event of the foreclosure of this mottaage or other transfer a[ titlt to the mottsaged propetty in extiaguisbment ot the indebtedness sacuted hereby, all ridht. titie and interest of the Alortgagot in and to any such abstracts o[ title shall pass to the purchaser or 6rantee. ~i. To the extent of the indebtedness o[ the.Mortga6or to the Mortasaee_desaibed herein or secured hereby. the ~tortgagee is hereby subrogated to ~he lien or liens and to the ri6hts of the ownets and holders thereor ot each and every mortgage, lie~ ot other incumbrance on the Iand described herein which is paid ~nd!or satist'ied, in whole ot in pa~t, out of the proceeds of the loan described herein or secured hereby. snd the respective liena of ,aid mortsages, liens or other incumbrances. shall be and the same and each of them hereby is preserved apd shall pass to and be held by the Nortga~ee herein as security fo~ the indebtedness to the Mortgagee herein desctibed or hereby secured. to the same extent t6at it would have been preserved and wrould have been passed to and been held by the Ak~rtaagee had it been duly and regularly assigned. transferred. sat over, and delivered unto the Moct- gagee by separate deed of assignment, notwithstanding the fact that tha same may be satisfied and cancelled of recocd, it bein6 .tfie intention of the partie~ hereto that the same will be satisfied and cancelled of record by t6e holders lh~reo~ at or about the time of the recording of this moitgage. S. ln the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a Qerson other than the M~rtga~or, the Nortgagee may. without notice to the Mortgsaor, deal with such successor or suc- cessors in interest with tefetence to this deed and the debt hereby sectued. in the same manner as with 1he Mort- gagor without in aay way viti~ting or dischargina the Mortaagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereb~~ mortgsaed and no forbearance on the part of the Mortgagee. and no ex- tension of the time for t6e payment of the debt heteby secured given by the Mort`afee shall opetate to release. discharge, modify, change ot affect the original liability of the Mortga6ot herein either in whole or in pact. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness a indebted- ness. bowever evidenced. whether by said promissory note or any renewal or extension theceof or substitute there- for. or othetwise, until all such indebtedness shall have been tully paid. 7. /n the event the inongegors sell, convey or ~ronsfe~ the morlgaged preniises during the liJe oj thes nrort- ~ ~~aRe, then-this mortgage sha[l, a~ the option oj the Mottgagee herein, become imrnediate[y due and payabfe Jor the full sum oJ the principet baJance arrd interest ~hen due. , 8. The tetms "Mortgagor" and "Mortgagee" v?henever used in this insttument shall include the heits. E personal repcesentatives, successors and assi~ns of the respective parties heteto. Wherevet used the singular ( numt+er shall include the plural and the plural the singular. and the use of any gender shall include all genders. 8 . ~ . Si d. sealed and eliver in the presence ot: ~ (Sea!) ~ ~ (Seal) 3 STATE OF FLORIDA I COUNST o L~ ~ . Betore me personally sppeared JA S MeMILLAN, an unmarried man to me well known and known to me to be the iadividnals desccibed in and who executed the fote`oing insuument, ~ and acknowledjed befae me that ihey ~xecuted the same [or the purpose: thereia expressed. W~TNESS my hand ~ and official seal in the County and State Iast aforesaid this L~.th Day ~of Oetober, 1969. , , ; ~ . , ~ ~ ~1y Canmission Expites: JL1110 30, 1971 Notary Publi , tate of Or ; a - a~ ~ _ . ~y . . _ : ~~I ~ ~ ~;',1'.:'.. , - ; . : y - . ,J . - . ~%~•~~~aMf~~~ . / •1• 600K ~~0 PACE1592 . - - ~ > ~ - - - - - ~ . . _ r _