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Home My WebLink About2652 o~ file 5-19,03e } _ ~ ~ th~s aar~~~ie ar otAs~ t~~natsr of t~Ut to tAe mwt~~aed propertY ~n taun~u~shmem ~t the indebtednesi .e:wrd ~ereM, all n~h~, :ule ; an0 intucst of We Mort~a~a ia ~nd to sny inaw~nce polic~es ihen ~n turce shsil pass to ~he purch,~aer a e~aniee. ' t (A) To per(we~, comply vritb aad ~b~de by tacA and every tAe supulat?ons, s~~eemenu, eondihons and cc..enant. ~n .rid p~~~;r~..ory ; note ~nd i~ U+~a deed set fortA. (i) Th~t ~f ~ny of s~id sum.+ o( woney Aetein rcfe~rcd to be not promplly aod iul:y pa~d ~nA~n f~ltrrn .I~r. nr~i anr~ the same severally becaees due acW paYSble.ot d escA and ere~y the st~pulauons. apeem~nts, conJ~uon~ and ~ovenan~a uf .a~J prum~.- sory note and tA~s deed, or e~ther, •re not (ully perfamed. coenpl~ed +•~th and •b~ded bp, the .s~d a~reKau aum nenuonrJ m~~~d prom~ssoty oote aAall beeaae due and payaDle talh~ruA or the~e~(tet a~ t~'+e ..~t~un of tAe MurtRasee rs fvll~ ~nd cnmpleeel> as ~i ~h. sa~d a~~te~~te sum o( sa~d panissay note +r~s ori~maliy supulated ~o ~e psid on such dry, aeytAm~ m sa~d prom~s~o~x no~r ~,r ~ere~n to tAe contruy notritAatsnd~n~. 1 TAat in ordet to acteletate Ihe matuntY of tht ~ndeptedness htreby seturtd, bec~use ot ~he [~~lurt of IAe N~x~gs`u~ pa)• a~y ta?, assecsment, hability, oblisation w encumbrance cpon sa~d property, as hetein provided, ~t shall not be neco..ary ~r rrywsne ~~a~ ma~~a~ee shall first pay the same, f 2. The Mottgagee may, at his aption, and without x•aitiing his right to accelerate the indebtedness hereb~ ~ secured and tu foreclose the same, pay either before or after deiinquency any ot all of those ce~tain ubiigat~on~ , required by the terms hereof to be paid by the Mortgagor for the protection of the martgage security or for thr c~~1- ~ Irction af the indebtedness hereby secured. A!1 sums su advanced ~r paid by the 4tactgagee shall be chasged :nt~~ : the mortgage account and become an integral part thereo[, suhject in all tespects to the term., conditiuns, unJ covenants of the aforesaid promissory note. and inis mottgage. as fuliy ar?d to the same extent as thaugh a part ; of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that ~aul ~ sums shall be repaid the !Nortgagee forthwith upor. ~;s demarr3 an~ ~ in a~idition to the segular monthly ~nstail- ~ ments provided by the mortgage note. 3. That the abstract or absttacts of title covering the mortgagtd property shall at all times, during the life of this mor~gage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or othrr ~ Iransfer af title to the mortgaged property in extingvishmeni oi' the indebtedness secured hereby, a!1 right, tit{e and interest of the l,lottgagor in and to any such abstracts o[ tilte shall pass to the purchaser or grantee. 4. To the extent of the indebtedness af the Nlortgagor to tfie Mottgagee ~escribed herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrancC un the land drscribed herein which is paid and'or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. an~ the respective liens nf said mortgages, liens ot other incumbrances, shall be and the same and each ot them hereby is preserved anv~ shali pass to and bz held by the Mortgagee herein as security [or the inciebtedness to the ~lortgagea h~t~in desctibed or hereby srcured, to the same eatent that it would have been preserved and would have been passed to and been held by the !1lortgagee had it been duly and regularly assigned, transferred, set over. and delivered unto the 1:tort- ' gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancetl~d of ~ record, it being the intention of thc parties hereta that the sams w~ill be satisfied and cancelled of recnrd by ihr ~ holders thereaf at or about the time of the recording of this mortgage. S. In the e~ent the ownership of tne mortgaged premists, ot any patt thereof, becomes vested in a p~:~~~ other than the Mortgagor, the 1lortgagee may, wethout notice to the Mortgagor, deal with such succesiot oc suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as w•i1h the ~Sort- gagor without in any way vitiating or discharging the tiior~gagor's liability hereundet or upon the debt hereby ; # secured. No sale of the premises hereby mortgaged and no forbearance on the part of the ~Sortgagee, and no ex- tension of thc tim~ for the payment o( the debt hercby secured g~ven by the Mortgagee shall operate to reiease, - dischatge, mod~fy, change or a[fect the original liability of the A~lartgagor herein either in vehole or in patt. ~ 6. The lie~ of this deed secutes and shall continue to secure payment of said indebtedness or indebtcd- ~ ness. however evidenced, whether by said promissory note or any renewal or extension theteof or substitute ~here- ~ j for, or otherw•ise, u~til all such indebtedness shall havc been fuliy paid. ~ I 7. /n the even? the mortgaRors sell, com~ey or hansJer the mortgnged p~emises during the liJe aJ this mort- ~ 4 gage, then this mortgaRe shaU, at the option oj the Atortgagee he.ei?c, beconee immedia~ely due and payahle Jor thr ~ ~ Jull swn oJ the principal balance and interest ~hen due. ~ ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in ihis instrument shall include tf~e heirs, ~ personal reptesentatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the usf of any gender shall include all genders. ~ } G ~ ~ ~ ~ - ~ Si ed, sea eli red ~ the prcsence of_ ~ ~ ~'L~ (Scal) i ~ ~~L (Seal) ~ - Q ~ ~ ~ ~ STATE OF FLORIDA ~ ~ b i ~ • COUNTY OF ~ f ~s ~ s ~~elorejme personally appeared Siil`IUEL ~~LLFN Qnd ,~~T13IT FERN tiI~N, his wi~e ~ ~ to me well known and known to me to be the i~ividuals described in and who executed the foregoing instruc.*.ena, ~ = and acknowledgcd before me that they executed the same for the purposes therein expressed. WITNESS mY hand ~ and ~fficial sea! in the County and State last atotesaid this llth Day Of ~CC r~ber, 19~?~• ~ FtLEO AND RECORDED ~ ~rf.~: _ ST. LL~C1E COUNTY. FLA. - ~ -,•C7r, ~~~caiF~c~; ~ - , _ : ~ ~ Q.~tJ • ' r` June 30 197Y F1 ~ ~.at~ 8 ~ty Canmission Expires: ~ Notary Public, Statc of ' ; - '09 O~C 2 9 ~iN 9 : 2 2 ~ _ ; } - ; ~ . - s 18`755:'~ : : - ~ ~a ~ • ~ ~ •.l ~s ' . _ r'~~ ~:R ` ~0: ~R ~OITF~..S - <<,~.,~- , ~ ~ CLERK C1RCUlT COURT ~ ~ ~ ~ ~ ~ . F . ~ 800K PAGE ~b~ ~ i " ! ~ i ! F~...-. . . . . _ . . _ . ' . .