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Home My WebLink About2099 ~ • mur Zile 5-18,788 j ehis cwrl{a~e o~ oU?er traeste~ ot title ~o ihe ieort~~sed ptope~~y ~a etunau~sAnwnt n~ the ~ndeb~edness secwrd ~ereny, efl r~Eh~, ~ulc ~ and ~n~e~tal o( tAe 1~Mrt{~iut ~n snd ~o ~ny ~nsur~nce policies then ia fo~ce sAall p~ss ~o ~he puccAase~ or ~rantee. (A) To pe~Gx~n, comply ~iU? and ~p~de by eacA ~nd every tAe atipulat~ons, s{reemtnts, condihon+ aa.1 covenan~. ~n s~~d pr~.m~..ory note ~nd in tA~y dted set fottA. (i) '1'Aat i! ~ny of said awns uf nwaey he~em referred to Ee not praep~ly and fully pa~d w~~h~n hhe.n dr~. nrs~ an.r the sane seve~ally becanes due iod psyable.or it each aad evety the sUpul~t~ons. asreerarnts~ condu~oas ~nd coven~n~..~f .a~J prumi.. say no~e an± this deed, or e~the~. are not fully pertonned. complied vitA and abrded by, the a~~d a~re~ate saa menu~rJ ~n .a~d ' pran~ssay note sfiall becaae due and psyable fath~ritA o~ thercafter ai the optiw~ of the Mort~s~ee as fully and completely a~ ~f th. { said a~ue~ate swe of said pranixaay aote ras ot~~in~11Y at~pul~ted 1o Ae p~id on such day. anylhm~ in said prom~ssory notr here~n f to ~Ae contruy nolvithsqadins. V) That io orde~ to acceler~te the ma:utity o( the indebledotas he~ebr secured. because of ~he (~~lure ot the AlwiEa<<.r psY .ny ta~, asseasment~ lubility, opl~~ation or encumbra~ce upa? s~~d property, as herein {uovided, ~t shall ~ot be necec~ary ut reQu~a~u thal thr ma~p~ee shall tirs~ piy U!e same. The !Nortgagee may, at his option. and without waiving his right to acceletate the indebtedness hereb~ secured and tu foteclose the same. pay either before or aftet delinquency any or all of those certain obligation~ requi~ed by the tetms hereof to be paid by the Mortgagot for t~e ptotection of the mottgage security or for t6e col- lection of the indebtedness hereby secured. All sums so advanctd or paid by the Mortgaaee shall be charged intu the mortgage account anJ become an inteEral pazt thereof, subject in all respects to the term~, co~ditions, and covenants of the a[oresaid promissory note. and this mortgaaG. as fuliy and to the same extenl as though a part of dse or~ainal indebtedness evidenced by said note and secured by ihis mortgase, excepting however, that caid sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to t6e regular munthly install- ments provided by the mortgage ~ote. 3. That the abstract ar abstracts of tetle coverin~ the mottgaged property shall at all times. durins the life of this mortgage, remain in possession of the Moctgagee and in event of ihe toteclosure of this mortgage or other trans[et of title to the mortga~ed ptoperty in extinguishment o[ the indeotedncss secured hereby. all riEht, title and interest of the Mortgagot in and ta any such abstracts of title shall pass to the purchaser or graotee. 4. To the extent of the indebtedness of the Mortaa6or to the Mottga6ee desccibed herein or secured hereby, the blortgagee is hereby subrogated to the lien or liens and to the rights of ihe owners and holders thereot of each and every mortgage, lien~ or other incumbrance on the land described herein which is paid andr'or satisfied, in whole ot in part, out of the proceeds ot the loan described 6erein or sscuted hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security tor the indebtedness to the Mo~tgagee herein described or hereby secuted. to the same extent that it would have been pr~eserved and ~rould have been passed to and been held by the A1c~rtgagee had it been duly and reaularly assigned. transfen~d. set over, ana delivered unto the Mort- . gagee by separate deed of assignment, notwithstandiag 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 satis[ied and cancelled of recotd by the holders thereof at ~r about the time of the.recording of this mortgage. 5. ln the event the ow~ership of the mortgased premises, or any part thereof. becomes vested in a person other than the Mortgagor. the Mortgagee may. without notice to the Mottgaaor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the ~Mrt- gagor without in any way vitiating or dischargina the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on th~ part of the !Nortgsgee. and no ex- tension ot the time for the payment of the debt hereby secured given by t6e ll~ort6agee ahall operate to release, dischacge, modify. change or affect the original liability of the Mortgagor herein either in wfiole or in part. 6. The lien o[ this deed secures and shall fontinue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or ~ubstitute there- [or, or otherv?ise, until all such indebtedness shall have been [ully paid. ; 7. !n the even~ the mortgagors sell, convey or transjer the inortgoged p~ernises during the lije oJ lhis mort- gage, then this mortgage shall, at the option oj 1he Atortgagee herein. become immediately due and payable jor lhe ~ ju![ sum oj the principa[ balance and interest then due. ~ 8. The tenns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, pasonal representatives, successors and assigns of the respective parties hercto. Wherever used the singular , ` number shall include the plural and the plural the singular, and the use of any ge~er shall include all genders. Signed, sealed and delivered in the presence of: , JJYn ~?wy ~ • (Seal) ~ ; - , ~ I STATE OF FLORIDA I . CQUNTY OF Ui~~L ~S ST. LIICIE FLOYD W. BIIRKETT alsa known as FLOYD W. BIIRKET and Be[ore me personally apptared GLADYS V. BIIRKETT~ Hi3 Wi1'e~ ~~:~`tfib`f~g~~t~i ADYS ~J. to me well known and Irnown to me to be the individuals desctibed in and who exec i! ~n. nt, ~ and acknowledged befote me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last af~esaid this 9th Da~ ofOetober, 1969. s ~ ~ : . J~1e 30~ 1971 Notar FlolZ'~~ '•~S ` ~ly C«nmission Expires: y Public, State of ; : - . = _ .~t-, ; - ~ - 1/, ~ - . ~ _ t,. - - = _ t - ~ • • ~ 600K~W PACEr.~J~7V : ~ , l . h - - - - - i ..,y ~ . - • - ~~t: ~ _