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Home My WebLink About2363 . • our riie 5-ia,9s6 tA~s mo~t~a~e or o~Atr transfe~ of ~~tle to ~he mort~a~ed propetty in eat~nawshmc~t ut the ~nCeDte~ness st~wrd heatbY, •it i~~A~, t~Ue and intercst o( ~he Mor~~a~ur ~n and to any insuraace pulic~es then m torct shall pass to t~e putch~sct ur ~nn~ee. lh) To per~am. cixnply W~tA •nd ab~de by eacA and e~ery tAt shpulaUOns, a~reemeots, cond~UOna and corenants m.~id pi~~m~sso~~ note and in tA~v deed aet fwth. (~1 TAat any a( sa~d sums of munty here~n ~e(errcd to be nut promptly aad (ull~ pa~d w~thm hftten dn~•s oe~t after the same severally becomes Sue and pa~able,a each and every the ahDulauons, a~reements, cond~t~ons and cc+~enants u( sa~d prum~s- say note and this deed, or e~ther, ~re not fullY pertormed, compl~ed r~tA artd aD~ded Ay, the ~a~d a~~rc~ate sum menuoned ~n ~a~d ~xom~ssaY note shall becwnt due and payable for~+~~th or ~heres(ter at tAe option o( tAe Mott~a~ee as t~lly and comptetely ac i( the said as~re~+~tt sum of sa~d prom~+say note ~•rs o~~pnally supul~ted to be paid on sucA day, anythins m said prom~ssory no~e or he~em to thc contrsry notr•~thsundm~. V) Th~~ m orde~ to accelerate ~ne en~wnry of ~Ae indeDtednesa Aereby securcd, because o( ihe (a~lure ot ~he Mort~aeor ~o paY any tae, ~ assessment, I~ab~l~ty, obl~~auon ~x encumbrance upon s~~d proper~y, •s hetein pr~vided, ~t sha11 not be neces~ary w reyu~s~le ~ha~ tAe mwi~a~ee shall h~s~ pay the sxme. 2. The '1lottgagee may, at his option, and without w~aiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinqutncy ~iny or all of those certain obl,igations requued by the terms hereof to be paid by the tilortgagor far the protection of the mortgage security or [ot the col- lection of the in~iebtedness hereby secured. All sums so a~ivanced or paid by the Alortgagee shall be charged into the mortgage account anJ become an integtal part thereof, subject in all respects to the terms, conditions, and covenants of tha aforesaid promissoty note, an:I this mortgage. as fuliy and to the same extent as though a patt af the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged prnperty shal! at ali times. during the life of this mortgage, remain i~ possession of the Mortgag~e and in event o[ the foreclosure of this mortgage or other transfer of title to the mortgaged propetty in extinguishment of the indebtedness secured hereby. all right, titlc and interest of the Nortgagor in and to any such abstracts o[ title shall pass to the purchaser or grantee. ~3. To the extent of the indebtedness of the Mortaagor to the Mortgagee described herein or secured hereby. the 1lortgagee is hereby subtogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or othar incumbrance on the land described herein which is paid and/or satiafied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbraoces; shall be and the same and each of them he~eby is preserved and shall pass to and be held by the Mottgagee herein as security for the indebtedness to the ~lortgagee herein described or hereb~• secured, to the same extent that it W~outd have been preserved and would have been passed to and been held by the Alortgagee had it been duly and regularly assigned, trans[ened. set over, and delivered unto the Mort- 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 sam~ will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the oWnetship of the mortgaged premises, or any part thereof, becomes vested in a person other than the 1~tortgagor, the \tortgagee may, without notice to the Nortgagor, deal with such successot or suc- eess~rs in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor w•ithout in any way vitiating or discharging the hlortgagor's liability heceunder or upon the debt fiereby secured. No sale oC the premises hereby mortgaged and no [orbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the ~lottgagee shall operate to release, ; discharge, modify, change or affect the original liability of the ~~ortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of saiJ indebtedness or indebted- ness, however evidenced, whether by said promissoty note or any renewal or extension thereof or substitute there- ~ (or, or othetwise, until all such indebtedness shall have been fully paid. 7. /n ?he e~•en~ 1he morJgagors sell, convey or transjer the mortgaged premises du?ing thc lije of this mort- xa~e, then ~his mortxoRe shall, at ~he option oj the ,Ilorrgagee herein, hecome i?nmediately dur and payab(e Jor rhe full sum oJ lhe p?rncipnl balnnce ond interest then due. 8. The terms "~fortgagor" and "~lortgagee" whenever used in this instrument shall include the heirs, per~onal representatives, ~uccessors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all gendets. Sig d, ~ealed e d i he presence of: (Seal) ; f (Seal) ; r i STATE OF FLORtDA I COllNTY OF ~ f ss ~ RUBY I~TE G~, an unmarried woman, being the ~~o~e meJ~iso'na11y apPcaredwidow oY HEN~3Y A. GAHN , ~ to me weli known and known to me to be t6e individuals described in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same for the putposes thereio expressed. WITNESS my hand and official seal in thc County and State 1 S~~caid this th Da~ oY Deeemb , ~969. FILEO AN~ V~TY. ~LA. ~ L;;C1~ ~ •l ~ • " _ ~ 33 ~ - 10 . . sune 0 q~p~' 33 orida:' at ~ Vy Commiss~on Ezpir*s~~~-.g~~,_~~ ~~~1l~ N tary Public, ate o ` ~ 3~,,, . . ~ i$`7 ,,~,;~:.s . . ~ . ~ ~ ~!rK ~ ~,n~~,~Y ~~~~s~ , ~LM , . ~ ~ . . . . - . ~ U R ~~i 1 P~CE~rVUJ i 800~! ~ } ~ ~ - - #x ; - - ~ , ; ~ ~ _ . ; , . ~ -