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Home My WebLink About1646 - . . ~ Oy~ Zile 5-18,955 ~h~a mo~ta~~e o~ o~he~ tnaster ot ti~le to the mon~a~ed ptoperty ?o eatie~u~sAment ot ~he ~ndebtedness secwed heroby, .11 ~A~, ptie and interest o( the Mort~a{ot in and to any inswsnce polic~es then ~e (ace sh~ll pass to tAe purcAaser or ~rae~ee. ~ (A) To pe~(am, compir ~ritA •ud •bide by eacA ~nd eve~y ~he st~pul~uons, ~«eements, condit~ons and coven~nts ~n ssid pran~sawy note and in th~s deed set fatA. 1 That i( any o( s~id swsa of mone~ Aere~n referrcd ~u be no~ praap~ly ~nd (ully pa~d r uh~n hhetn day. nt*1 a~tt~ the same severafly becoss~ dut aod paY~ble,a i( each and eve~y che stlpui~t~oas, a~teements, cond~~~ons and co~enants of sa~d pcom~s- say note and tA?s deed. ot eitAer, ate not fully pertamcd. can0~~ed +~uh +nd ab~ded by, ~he sa~d a~~retste swn menu.u~ed ~n sa~d p~om~sso~y oote shall becose due snd paYable frx~h+~~tA a tAerea(ter at tht op~ion ot ~he fNa~~ajee as fuliy and completelY +s tAe . s~id aa~re~~te su~ ot aaid promusay note r~s on~~nally st~pul~ted to pe pud on sucA dsy. anythu~~ ~n sa~d prom~ssury note or herem to the conlr~ty notvithst~adin~. • 1~ 1 TAat ~n order to aecelerate the autunty ot the indeEtedness Aere~y secwed. ~ec~uae o( tAe (aiture ot tAe Morita{or tu pay anY ~a~. as>e~sment, lubil~ly, oblisslion or tncwnbrance u{uM sud prope~ty, as hetem prov~ded, u shall not bt nece~sary or reQuis~tt that the mo~t~a~ec ~hall fuct psy the s~me. The llo~tgagee may, at his option, and without waiving his right to accelerate thr indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those certain obfiaations required by the terms hereof to be paid by the ~lortgagor for the protection of the martgage security ar for the col- le~t?on uf the indebledness hereby secured. All sums so advanced or paid by the Mott~agee shall be chargtd into the mortgage account and become an integral part thereof, subject in all respects to the termc, conditions, and covenants of the aforesaid promissory note. and this mortgage. as fully and to the same extent as though a part o[ the original indebtedness evidenced by said note and secuted by this mortgage. excepting hov~rever, that said ~um. shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular mo~thly i~stall- ments provided by the mortgage note. 3. That~the abstrsct or abstracts of title covering the mortgaged property shall at all times. duting the life ~~f ihis mortgage. remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title :~nd interest of the ~lortgagor in and to any such abstracts of titte shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mortgagor to the hlortgagee described htrein or secured hereby, ~he ~lortgagee is hereby subrogated to the lien or liens and to the rights of the ow•ners and holders thereof of ~ach and every mortgage, lien or other incumbrance on the land described herein v?hich is paid and~or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of +aid mortgages, litns or other incumbrances, shall be and the sa::~e and each of them hereby is preserved and shall pass to and be held by the ~tortgagee herein as security for the indebtedness io the lllortgagee herein described or hereby secured, to the same extent tbat it would have been preserved and would have been passed to and been held by the !l~ortgagee had it been duly and regularly assigned, transfeaed. set over. and delivered unto the lllort- 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 ihat the same will be satisfied and cancclled ot record by the holders thereo~ at or about the time ot the recording of this mortgage. - S. in the event the ownetship oC the mortgaged premises, ot any part theteof, becomes vested in a person other than the ',N~rtgagor. the Nortgagee may. without notice to the Nortgagor, dtal 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 Mort• gagor without in a~y way vitiating or discharging the Mortgagor's liability hereunder or upon tht debt hereby secured. No sale of the premises hereby mortgaged and no forbeatance on the part of the Rtortgagee. and no e~- , tension of the time for th~ payment of the debt hereby secured given by the hlortgagee shall operate to relcase~ discharge, modify, change or affect the originat liability of the Rtortgagot herein either in whole ot in part. 6.---~#~e-lief?-c~--this-deed s~cutes-ztui ~:hall-ccuitinue_to-secure payuient-nt_said.iadebiedness or iadebted- ness, however evidenced, whether bf~ said promissory note or any renewal or eztension thereof or substitute there- for, or otherwise. until all such indebtedness shall have been fully paid. ~ 7. !n the event the ~no~~gaRors sell, convey or transJer the morlgaged premises during the lije oj this mort- ! ~~a~e. then. thrs mortgage sha11, at the option of the :11o?tRagee here~n, become immediately due and payable Jor ~he ( fufl sum oJ the principal balancP and inteiest then due. i f 8. The tern?s "Mortgagor" and "~tortgagee" w~henever used in this insuument shall include the heirs, E personal representatives, successors and assigns of ihe respective parties hereto. Wherever used the singular f number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ; , ~ ~ 6 Si ned, sea a liv d in the presence of: eal) ~ ~ FILED AND RECOR ED (Seap ~ - . ~~~E.C~?~?^. VERI~IED _ 18s~~o STATE OF FLORIDA I ~9 OEC I O AM 9• 2~ K` COUNTY OF ~ ~ SS _ _ '~'1 t~'1 ~far~ onall a ared ~p~' S• MATHEWS' Mfomaa , also known ~ y ~P` pp~~ rry~ ~ d womaa to me well lu~own and known to me to ~th~T:~QTGiau~~ d~fi6~ oregoins ~nsuument, ` and acknowledaed before me that thcy executed the same for the purposes iherein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 25th d~y of No ber, ~969. ~ , ~ , ~ " e '~i~• ~ . ~ ~1y Commission Expires: J~ne 1971 _ Notary Publ o Or a t S ~F"'. ~ _ ~ • , f - ~ ' i ~i : : - . - ~ . :o.....~.•~ • ;h ~ a ~ ~ 1 p~.~b4~ ; ~ aoo~ ~ ~ . ~ . - ~~h ~ ~ "