The URL can be used to link to this page

Home My WebLink About0877 ` ' ~ - ~ ~ Our file 5-19,114 ~ ~ th~s mal~~`e a otAer ttaester of tNle to the mor~sa~ed prooe~?y ia ext?nswshaent ol the ~ndeetedness secured herehy, rll ~i~ht, hUe and ~ete~est ot the Mat~aiw ia snd to any insurance pol~sies tAen in torce shall pass to tAe purcAua or ~rantee. (h) To perf«m, coenply ~itA ~nd •bide by e~cA and eve~y the stipulations, a~reemeots. conditionY ~nd coven~nts m said prom~asay note and ia t~~s deed set forth. (i 1 TMt if any ot +~id suroa o( money Ruein re(erred to be not promp~lY and fully paid ~ruh~n (iftctn days ne~t afte~ the same severally becanea due aad payaEte.or if each aad every the ~tipulauons, ~~reemen~a~ coml~tions ~nd c~venants ot sa~d prae~s• say note sad this dced. w ci?Aer, ~re eot fully pertoreicd. canplicd Wuh ynd ~b~ded by, tAe aaid akrepte sws menuoned ~n ~a~d pomiasory note sAall becoae due and pay~ble forth.rith a thercafter at tl?e optiaa ot tbe Mat~a~ee as tully and caapletely ss if ~he caid aj~re~ate sum ot ssid praaissory aoie +ras o~i=mally supulated eo be paid oe sucA d~y. snytAias io ssid promissory note or herein to the conlruy notvilAstandin~. lj 1 That io order to atcelecatt the ayturity o[ tAe indebtedness Aereby aecured, because of tAe failure ot the Mort~a~a~ ~o paY ~nY ~a~, as.easmeat, I~ability, obl~satioa or encwnbrance upon aaid property. as herein providcd, it sAall not be oecescary o~ reQu~site ~h~t ihe mqtEa~ee sAall first pay the suee. 2. The ~loctgage~ may, at his option. and without waiving his right to accelatate the indebtedness hereby cecu::d ar~d to foreclose the same. pay either be[ore or after delinquency a~y or all af those certain obligations r~quired by the terms hereof to be paid by the Mort~agor for the protection of the mortgase secority or for the col- lection of the indebtedness hereby secuced. All sums so advanced or paid by the Mortgagee shall be charged into the mortga~e account and become an integral part thereof, subject in atl respects to the terms~ conditions, and covenants of the aioresaid promissory note, and this matgage, as fully and to the same extent as thouah a part of ~thc original indebtedn~ss evidenced by said note and secured by this mortgage, excepting however. that said a sums shall be repaid the Mortsagee forthwith upon its demand at~d be in additioa to the tesulac monthly install- ments provided by the mort~4~e. note. 3. That the abstract or absuacts o[ title coveria6 the mortgaged pwperty shall at all timcs, during the life of this mortgage, remain in possession of the Mortgagee and in event ot the foreclosute of this mottgaae or other trancfer of title to the mort~eged property in extin`uishment of the indebtsd~ess secured hereby. all right, title and interest of the Mortgagot i~ and to any such abstracts of titie shall pass to the purchaser ot gtantee. 4. To the extent of the indebtedness of the Mortsagor to the Mortgagee described herein or secured hereby, the Rlortgagee is hereby subrogated to the lien or liens and to the riahts of the owners and holders tbereof of each and every mortgage, lien or othet incumbtance on the Iand described herein which is paid and/or satisfied. in whole or in part, out of the proceeds ot the loan described herein or secuted hereby, and the rsapecti~e.liens o[ said mortgages, iiens or other incum~rances, shall be and the same and each of them heteby is preserved and shall pass to and be hcld by the Mortgagee herein as security for the indebtedness to the Mottgagee herein described or hereby secuted. to the same extent that it would have been preserved and would have been passed to and been held by the !11ortEagee had it been duly and re6ularly assigned, transferted, set over. and deliveted 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 same will be satisfied and cancelled of record by the holders thereof at nr about the time of the recording of this mortgage. 5. In the event the ownership of the mottgaged premises, or any patt thereof, becomes vested in a person ather than the !Nortgagor, the Nortgagee may. without notice to the Mortgaga, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuted, in the same manner as with the Mort- gagor v?ithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon Ihe debt hereby secured. No sale of the premises hereby mortgaged and no farbeatance on the part ot the hlortgagee. and no ex- tensian of the time for the payment oi t6e debt hereby secured given by the Mortgagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness, however evidenced, vrhether by said promissory note or any renewal or extension thereof or substitute there- ' for, or othecwise, until atl such indebtedness shall have been fully paid. k E 7. In ihe event the mortgagors se/t, convey or transjer the rno~lgoged premises during the liJe oJ this mort- ~ eoec. then rhis mortRoRe sha/l. at lhe option oJ ~he Alortgagee herein, become immediately due and payable Jor the ~ jLtl surn oj ~he pr~ncipal balance a»d inierest then due. ~ 8. The tertns "~lortgagor" and "Alortgagee" whenever used in this instrument shall include the heirs, E personal tepresentatives, successors 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 genders. . ~ Signe ,~eale n de ve d in t e ptesence ot: (Seal) ~ h ~ (Seal) ~ ' ~ STATE OF FLORIDA COUNTY OF ~X ss ~ ~~eto e'IImC'elarsonally appeared ~TpO~H~N E~{.n WIGGbM aNad NOBp.~ p~M~O~~S~ELy~LL ~J Gs~M~ ~is wife • ~ to me well known and known to me to 6~1f~i~dt~~u~s~~scriTie~~ an~dwfi'o ex~cu~[ea~e ~ite6ouiis insuwnent, ; and acknowledged before me that they executed the same for thep. oses therein expressed. WITNE$$~+ hand = and official seal in thc County and State Iast aforesaid this 2UL~ D8~ of December, lyt~7 ~ ~ - FILEO AND RECORDED ~ ~T L'JC~E COUNTY. F~A• " a~r~~r? ~r~{'•,~=i=C . _ , . __sr~;,~ Flo a ~t. ~ ~~r ~ ~1y Ccxnmission Expires: `T~C 3~~ 1~?1 Notary Public, State of s~.;,,,.,..,, ~ '70 J",?~ 23 r r~ . . ~ _ ,y ~ .:Q::4:R "'~~tTR:.S-/~~ - ~ ~ CLERK C~RCUIT COURT ~ `t~ - : : 's-. _ ~ ~ " ~~,r ~ ~ ~ 600K 1~Z PACE ~ ~15 ~ ~ - . ~ . . < ; . _ ~ ~ 3 = „ ` ~~y~ ~ ~ - ~ . ~ x _ _ _ . ~~~'`~.,,r,_...__ . : ~'...v^'~*