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Home My WebLink About2884 . . . .Our Iil$ ~-1~,~32 th~s mal~~ae a otAei Iwnsfer of titlt ~o tAe mon~a~sd ptope~tr in eaun~u~sAment ol tAe ~ndebtedness aecu~rd hercby, .li n~Ai, ii~l~ aeb i~~ers~1 0( the Mort~t{or ~n and to a~y ~nswsnce policies iAea ~n force yAsil pass to 1Ae purc~a+er a~ra~tee. (A) To per(ara~, coenply ~~M ¦n0 •b~de by e~ch ~nd every tht ~~~pulations, apeements, cond~Uona and covenani. m w~d prum~..~~ry eote ~nd in ~h~~ deed ael (ortA. (i ) TA~1 i( any ot aa~d sums ot na~eY herem reter~ed to Oe not promp~ty and (ully ps~d ~•~~h~n id~ero Ja~. nr~t r1~r? the same seveally becoses due and p~y~~le,a if each aod eve~y the stipul~l~ons, ~~reemenls, conJ~tuvta and ei~ven~nic ..i .~~J prwn~~- swy eo~e and this decd. or eitAer, •re not fully pertamed. caapGed ~itA and ab~ded bY, the .a~d aure~aie swn menuonrJ m.a+d praaii~aY nole shall becaee due and payable tatAritA a thaea(ter at t~e opuon of the MartRa~te as (ullp and cMnDlettlY ~t ~A. ~aid as~repte aus ot sa~d paoi~say note was or~{~nally stipul~ied to be p~~d on such d~Y. aoythin~ ~n said prom~ssorY notc .u herein to the contnry notv~tAst~ndin~. Thst in ade~ to acceler~te the rwtur~~y ot the mdebtedness Ae~eby secured, bec~usc o1 the t~~lure ot the Afatsat~K w pay rny ~JR~ asae~csmenl, liasility. obliptioe or tflCYillbflllCC YPOII sa~d prope~ty, •s hereio prov~ded, it sAall nol be nect~~a~Y a rrQv~s~te that ~h.• ~~i~t« shall (~rst p~y the same. 2. The Mortgagee may. at his option, and without waiving his right to accelerate the indebtedne~s hereb~~ secured and tu foreclose the same. pay either beiore or a[ter delinquency any or all of those cettai~ obligations required by the terms hereot to be paid by the Mottasgor tor the piotection of the mortgage securi~y ur for the col- lection of tht indebtedness hereby secuted. All sums so advanced or ~+aid by the !Nortgagee shall be charged into the mortgage account and become an integral part ~leereof. subject in all respects to the term~, conditions, and covenants of the aforesaid prcunisso~y note. and this mortgage, as fully and to the same extent as though a part of the ori6inal indebtedness evidenced by said note and secured by this mortga~e, excepting however, that saiJ sums shall be repaid the hlortaagee forthwith upon its demand and be in addition to the regular monthly in.tall- mcnts provided by the mortaage note. 3. That the abstract or abstracts of title covering the mortaagea pmpetty shall at all times. during the life of this mortgage. remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or athcr transfet of title to the mortgaged propetty in extinguishment of the indebtedness s~cured hereby, all right, t~tle and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. To the extent of the indebtedness of the Mortgaaor to the Martgagee desctibed herein or secuted hereby, the hbrtgagee is hereby subrogated to the lien or liens and to the tights ot the owners and holders thereof ot' each and every mortgage, lie~ or other incumbrance on the land described herein which is paid and/or satisfied. in whole ot in part, out of the proceed~ of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbtances. shall be and the same and each of them hereby is preserved and shall pass to and be held by the ;~lortgagee herein as security for the indebtedness to the Mortgagee herein des~ribed or hereby secured. to the same extent that it would have been preserved aad would have been passed to and been held by the A1c~rtgagee had it been duty and regularly assigned, transferred. set over. and delivered unto the A1ort- gagee by separate deed of assignment, 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 satisfied and cancelled of record by the holders therea[ at or about the lime ot the ~ecordin6 of this mortgage. ~ 5. In the event the ownership oC the mortgaged premises, or any part thereof. becomes vested in a person other than the Mortgagor, the Atortgagee may, without notice to the Mortgagor. deal with such successar or suc- cessors in interest N•ith reference to this deed and the debt heceby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortga6or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the ~lortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the ~+tortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the Mottgagor herein either in whole or in part. 6. The lien of this deed secures and shall eontinue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissoty note or any renewal or extension thereof or substitute there- for. or otherv?ise, until all such indebtedness shall have been fully paid. 7. In fhe e~ent the mor~gaRors sell, convey or t.ansjer Ihe mortgaged premises during th~ lije oj this mort- RaRe, then this morlgoge shall, at the option oj the Aforlgagee hereirt, beco?ne inunediately due and paya6le Jor t6e ju?1 sum oj ~he principal -balance and interest lhen due. I' 8. The terms "Wortgagor" and "Mortgagee" whenever used in this instrument sha11 include the heirs. ~ ~ personal representatives, .successors and assigns of the respective parties hereto. Wherever used the singufar . n~mber shall include the plural and the p!ural the singular. and the use of any gender shall include all genders. ~ ~ f i ~ igned. sealed live d in t prese of: (SeaU ~ eal) i ~ ~ ' STATE OF FLORIDA COUNTY OF~Z ss ~ ~eTtorel'~rn Per~s'onally a~peared BICHARD JOl~S3 a11d YERA MA$/JOI~iL$~ HiB Wiie to me well known and known to me to be the individuals described in and who e:ecuted the foregoinE instrument. ! and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand f ~ and official seal in the County and State last atoresaid this lSt• D~ OY ~O ber, 1~9• ` ~ " ttl~:rr:r • 'a i~~ ~ June 30 1971 Florida ~;i"•~.;~" z'•-:. 1~fy Commission Eapires: ~ - Notary Public tate of . _ . ~ : v~;'~,~ - . .y~ ` '~0 . . ~ ~ . ; ~ ~ . . ~ , . , 600K~~O PACE~~~ ~l z „ ~ _ ~ - r~~~~^~... - ~ _