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Home My WebLink About1770 ~ ` ~ onr t~le 5--18,?5? ~ tAis ~at~a~e or otAa~ u~asfer ot tit1~ to the mort~a~ed pro~rty ia eatin~uishaeat of th~ indebt~dee~s aecwed he~eby, all ri~ht. title u~d interest of the 6lortpiw ia and to aar iaawaaee polieiea Ihes io toree :»ell p~sa to tbe pureA~~e~ or inntss. (h) To perlorai, caeply ~ritA and abid~ by e~cb ~nd erery 1Ae ~lipulatioaa. ~~eeeseau. coeditioaa aad covsa~n~s in s~id prwnlssory nott ~ed ia tAu deed aet torth, (i) TAat if any of saiA ~uws o[ moaey Aereia referred to be not pro~tly aM tully p~id ~r1tA~a fifteen dsys nex~ afte~ the s~me seve~~lly seca~es due aad payaple.or it eacb tad eve~y t4e itiput~tioas, a~reeseau, eaWitions and eoveniets of said prosia. aory note ~nd tAis deed. a eitAer, are aot fu!!y pedor~ed. comyliad with aed ~pided by. tre a~id ~Kre~aie suw aenuoned in said pomissar eote shall becowe due aad payable fad~vitA ar tbere~tter ~t tAe oPtioa ot tbe (ulotts~see as fully ted toa~pletsly as it lhe • aaid ~ure~ate sua of a~id prooissoryr aot~ ~~s ori~iually stipulated to be aid oe sueb d~y. aaythia~ ia ssid aromiaaory no~e a hereie ' to tlu contruY uctviithst~odia;. • ) TA~t in order to aceelt~~te tAe wtutity ot tAe :odcbteda~ss hereby aeeu~ed. beeause o( Ux 4ilure ot We Mott~~~or to p~y any t~a~ assesuaent~ lisbility, obliptia? a encuob~anee upon said ptoperty. as hereie p~ovided, it shall aot be aecessary a reauisite ihat thc mat~a~ee shail firat pay We saee. 2. The Mort~a~ee may, at his option, and without waivin` dis titht to acceler,te the indebtedness hereby secured and to [aeclose the aame, pay either befare or aftec deliequency any or all of those ce~tain obli~ations required by the terms hereof to be paid by the Mon~ata for the protection of the mort~a~e security or for the col- lection of the indebtedness heseby secured. All sums so advanced or paid by the Mott`a~ee shall be charged into the mort~a~e account and become an iete~tal put thereof, subject in all respects to the terms. conditions. and covenants of the ataesaid promissory note, and this matsaae, as fnUy and to'the same eatent as though a part o[ the original indebtednesa evidenced by said note ~nd secured by this mortaa~e. exceptins however. that said sums shall be repaid the Mortaa~ee forthwith upon its demand snd be in additioa to the resular monthly install- ments provided by the mortsa`e note. 3. That the abstract or abstracts of title coverinE the mort~a~ed property shall at alt times, during the life ~ of this mortgaae. remain in possession oC the Mottsa~ee and in event of tbe faeclosure of this mort`aat or other transfer of titls to the mortsa~ed property in e:tin~uishment of the indebtedness secured hereby, atl tisht. title and '+nterest of tht Mortaagor in and to any such abstracts o[ title sball pass to the purchaser ot drantee. 4. To the extent o[ the indebtedness of the Mort~a=or to the Mortgasee described hecein or secured hereby. the Mortga~ee is hereby subc~ated to the lien ot liens and to the ri~hts of tbe owners and holders thereof of each and every mortgage, lien or other incumbrance oa the land described herein which is paid and/ot s~tia~ed, in whole oc in part. out of the proceeds o[ the toan described herein or secured hereby, aad the nspective liens of said inortaages. liens or other incumbrances. shall be snd the same and each of them herehy is pr~served and ahall pass to and be held by the Mortgagee herein as sccurity for the indebtedness to the Mottgagee herein desctibed or hereby secured, to the same extent that it would have been preserved and ~vonld have been passed to and been held by the ~lortgagee had it been duly and n`ularly assiEned, transfeaW, set over, and detivered unto the Mort- gagee by separato deed of assignment, notwithstandins the fsct that the same may be satisfied and cancelfed of record. it being the intention of the partias hereto that the same wil! be satisCied and csncelled of record by the holders thereo~ at or about the time of the recordina of this mottEage. S. in the event the ownership of-the mortga~ed Qremises, or any part thereof. becomes vested in a person other than the M~rtgagor, thc Mortgagee may, without notice to the Mottaasoc, deal with such successor or suc- cessors in interes: with refec~nce to this deed and the debt hereby secared, ie the same manner as with the Mort- gagor without in any way vitiating or discharging the Mort=agor's liability hereunder or upon the debt hereby ; secured. Na sale of the premises hereby mortgaged and no focbearancc on the patt of the Mortaagee, and no ex- tenaion of the time fot the paymeat of the debt hereby secured Eiven by t6e Mortsa`ee shall operate to releasc, ~ischarse, modify, chanae or affect the original liability of the Mortgagor herein either in v~fiole or in part. 6. The lien of this deed secures and ~shal[ contiaue- to secnr~ payment of said iadebtedness ot indebted- ness. however evidenced, whether by said~promissory note or any renewal a eatension i6ereof or subatitute thare- for. or otherwise, until ail such indebtedness shall have been tu11y paid. - ' 7. /n the event the rr~o~tgagots selt, convey or transjer tht mortgaged pren~ises during the life oj this mort- gage, then-this mortgage shalJ, at the option oJ the Mortgagee htrtin~ becon~e iirunediately due and payoble jor the ju!! swn oj the principal balance w~d interest then due, 8. The tenns "Mortgagor" and "Mortsagee" whenevtr used in this iastrumcnt ahalt include the hcirs~ pexsonal representatives, successors and assigns of the respective parties bereW. Wherever used the aingular number shall include the plwal and the plural the singulac, and the use of any ~eader shsll include all genders. . ~ r~ ~ ' ` r Si . sealed and delivered in the presence of: - ~~a~~ r -•~G!~ ,.Gi'~-~-~i ~.SE8~~ STATE OF FLORIDA COUNTY OF ~1LO[B ss ST. LUCI~s ~ Be[ore me personally appeared C~+~IN NELSON s21d ETHEL NELSQN, His W3fe to me well fcnown and known to me to be the iadividusls deactibed in and who executed the fore`oins instrument. and acknowledged bc[are me that they executed the same for tbe p~vpo~ea thcreia expreased. WITNIESS my hand and official seal in the County and State last aforesaid this llth D8y Of 0 ber, 1969. i Ft~EO AND RECOROEO ~ LL'~!E COU=:TY F! L. ~ :~^r ""~•-:['ji • - t.. iitlil . ~ ~ly C«nmission ~ires~ d e Notary Public, State of ~ orida 1 a r ~ . . ' . r : - • 184s2~ . ' ° . ~ _ . • ~ c_ a.. „ '1 : , ~~;~F ;S • ~ ~ f ' CL~ii~ ~lFCi!!T COURT ` , - ~ ' _ Y. ; . • ~ V, ' , - t' 4~~'s . : ~ J,.°' ' ~ ~>~~N~~~ ~ 600K ~~O PACE~. jb~ • . ~ ~ ~ , _ _ . - _ . _ _ _ = r~. ~ ~ ~