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Home My WebLink About0260 ' ~ur file 5w19~Qp't th~s uiat{~~e at othet tt~nafet uf htle lo the mort~a~ed popetly m eNtin~wshment ol tAe ~ndebtedness ~ecwru hereA~, al! nKAt, tiUc aed interest of tAe Mort~~sot m and to ~ny insu~ance puGc~ey tAen ~n force shall pass to tAe purchaser or R~antee. (A) To perfivm, comply With and abide by each aad every tAe st~pul~l~w~s, a~teemcnts, cundi~ion. ~nd covenam. ~n ...~J prom~..,~~y note and io tA~x Jeed set (orU. (i) That ~t ~ny o! yaid aua+s uf money hcrem r~(enrd to At not psc.mptl~ and luily paid u~thtin f~Qrrn n. ~i ,,t:;e ihe same severdly becomes due and payable,cx d eacA and every the s~~pulauons, agrcemrnts, cund~t~un. and co~en~n~. oi ..,~d prum~.- sory nole aod lhis deed, or eUher, are not (ully perfameJ, t~mpl~ed ~•~th and •b~ded tht ~a~d n~ereg~ce wm mrnuonrJ ~n ~..:d pomisaay note shall becomt due and paYablt fcK~h~~~th a theteafter a1 tht opuon ut IAe A1ortKa~ce •s (ully rnJ compirtrl> r. d thr sud a{~repte sum o( sa~d p+om~sswy note rras or~s~nally supulated to be pa~d on .uch dyY. ~~Y~h~n~ m~:+~d promis:nry outc ~~r h~rc~n to the conlrary not~i~hsundm~. V 1 Thrt ~n ordcr to accele~ate ~he mawri~y o( the inde~tedness hereby secwed, because o( thc tarlure of tAe A1uri`~g:~r i~~ pa~ any i..., resecsment, I~ability, oblig~Uaf or encumFr~nce upon sa~d property, as hercin provided, u shall not be ne~rn..uy ~M rrqu~ci~r ~A~t :h.~ m.xtp~ee shall hrst pay the same. 2. The Mortgagee may. at his option, and without v?•aiv~ng his right to acceletate the indebtednes~ hereb~• secured and tu foteclose the same, pay either beforc ur after delinquency any or all of those certain obl.igatiuns reqwred by the terms hereof to be paid by the 1lortgagot fot the protection of the mc~rtgage secutity ~u for th~ c~~l- I~ction of the indebtedness hereby secuced. All sums su advanced or paid by the \lottgagee shall be charged into the mortgage account and became an integral part thereof. subject in all respects to the term~, conditiuns, anJ covenaots of the a6oresaid promissoty note. and this mortgage, as fully and ta the same extent as though a part of the original indebtedness evidenced by said ~ote and secured by this mortgage, excepting however, that .aiJ sums shall be repaid tha !~lortgagee forthwith upon its demand and be in addition to the regular manthly in.tall- ments pravided by the mortgage note. ; 3. That the abstract or ab~tracts of title covering the martgaged property shall at all times, duting the lifc ' ; of th~s nx~rtgage, remain in possession of the Mortgagee and in event uf the toreclosure of this mortgage or othcr ttan~ er o ~ e o in ex ingws ment o t e in e e ness secure ig , i e and interest of the 4lortgagor i~ and to any such abstracts of title shall pass to the purchaser ar grantee. 4. To the extent of the indebtedness of the lN~~ttgagor to the ~Aottgagee desctibed herein ar secured hereb~•. - the ~lortgagee is hereby subrogated to the lien ar liens and to ihe rights of the ov?~ners and holders theteof of each and every nwrtgage, lien or other incumbrance on the land described herein which is paid anJ'or satisfied. in whole or in part, out of the pn~ceeds of the~loan described herein or secured hereby, and the respective liens of said mort$ages, liens ot other incumbrances, shall he and the same and each of them hereby is preserved and shal! ~ pass to and he held by the \iortgagee herein as security fot the indebtedness to the \lortgagee herein described on c~reby secured, ta the same extent that it woutd have been presetved and would have been passed to and been held by the ~lartgagee had it been duly anJ regularty assigneJ, transfetted, set over. and dclivered unto the ;11ort- gagee by separate deed af as~~gnment, notwithstanding the fact that the same may be satisf~ed and cancelled of : record, it being the ~ntention of the parties hereto that the same will be satisfied and cancelled of tecord by the holders thereof at ~r about Ihe time of the recording of this mortgage. S. In the event the ow~nership of the mortgaged premises, or any part thereof, beccxnes vested in a person other than the ~k~rtgagor, the ~tortgagee may, without notice to the ~tortgagor, deal with such succestor or suc- ~ cessars in interest with reterence to this deed and the debt hereby secured, in the same manner as with the .\lort- f gagor N•ithout in any w•ay vitiating or discharging the Alortgagor's liabiliry hereunder or upon the debt hereb~~ secured. No sale uf the premise~ hereby mortgaged and no forbearance on the part of the !1lortgagee, and-no ex- tension of the time for the payment of the debt hereby secured given by the ~tottgagee shall operate to release, dischatge, mcxiify, change or affect the orig~nai liability of the ~tatgagor herein either in whole or in part. ' 6. The lien of th~s deed secures and shall continue to secure payment of said ~ndebtedness or indebted- ness, however eviJenced, whrther by sa~d promissory note or an~~ renewal or extension thereof or ~ubstitute there- for, or otherw~se, until all such indebtedness shall have been fully paid. i 7. !n the evenr Ihe mortgoRo~s sell, convey nr transJer t/~e mo?1gaRed premises during the liJe o! this mort- RaRe, then this mo?tRaRe shalt, at 1he option oj Jhe ;IJortRagee herein, become imneediately duP and payable Jor thr i ~ Jull sum oj the ~rlnc~pal balance and interest then due. 8. The terms "Mortgagor" and "~lortgagee" whenever used in this insttument shatl include the heirs. = ~ personal reptesentatives, suc~~ssors and assigns of the respective parties hereto. Wherever used the singular ~ ~ number shall include the plural and the plural thr singutar, and the use ~f any gender shall include all genders_ Si d, sealc n liv in the presence of: ~/~~V/'~ a!/~~~ (Seal) > w (5eall STATE OF FLORIDA I ~ 1S ~ COUNTY~T . "'LiTCIE ` u Be(ore me personally appeared ~jkTHAP1IEL D~VIS and JES3IE D~VIS, h18 wife ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, t anJ acknowledged before -me that they executed the same for the purposes therein expressed. WITNESS m~ hand - ~ and o(ficial seal in the County and State last aforesaid this 13th Day of Deeember, 1.969. ; ~ ~ ~ ~ _ ~1y C~xnmission Expires: JlLriC ~jd ~ l~'71 Notary Pub ic, State o F ~ ~ ~ ~ ~ , a ~ ~ r ~ ~ : ~ . ~ ~ BOOK 1~~ PAGE ~