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Home My WebLink About1062 ~ , Our file 5-19,161 ~ ~ ~ iA~a ~no~t~a~e a~ other t~ane(er of uUe to ~he mort`a~eA proper~y ~a eat~n~waMaen~ ui tAe ~ndcb~ednesa secwcd hereby, aU n~A~, tule and ~oterest o( ~he Mats~~vt ~n ~nd to any inawaoce policiei then in tace sh~ll pass to the purcA~ae~ o~ ~rantee. (h) To pe~(am, compiy ~riU? •ad ab?de by each ~od eve~y the supulatlons, ~«eeeaents, condihons and covenrn~s in c~~d prom~:sory ao~e and in th~~ deed set (orU~. (i 1 That ~f any of .aid sun?s ot ~eoe~ey here~n :efeRed to be not ptoa~ptlY i~ ~ully pa~d vr~tA~n f~tuen days neat a(ter ~he same severally pecomes due ~nd p~yable.ot it each aad every the stipulat~a?s, ~~reements, con~l~t~ons and covenants ot caid p~aa~s- saY note aed tAis deed, o~ tlther, •re no~ fully pertoneed. compiied ~iih aad aE~ded Sy, tAe sa~d a{are~ate sum mentioned in said promisaay note shall becase due and p~yaple fo~U?vitA or there~(ter •t ihe option ot the Mort~aiee ~s fully and completeiy sa i( the aa~d sa~e~ate sua~ o( s~id praeassay note W~s on~i~ally stipulated io De paid an sucA d~y. anytAin~ in said praeisfo~y no~e or here~n to the contrary notvithstand?n~. Ij 1 Tha~ in order to acceler~te tAt enaturity ot the indeptednesa hereby secwed, because o( the t~ilure of the Mo~t~a~ar tu pay any ax, asse~sment, I~ab~lity, obli~ation a eocumbrance upon said p~openy. ss Aerein prov~ded, ~t sh~ll no~ be neces~uy a requ~site ihat ~he mo~tsa~ee shall first pay the sase. 2. The ~lortgagee may. at his option, and without waivina his right to acceletate the indebtedness hereby secured and to foreclose the same, pay either ~efore or a[tet delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mort~agot for the protection of the mortga6e secarity or [or the col- lection of the indebtedness hereby secuted. All sums so advanced or paid by the Mort`a~ee shall be charged into the mortgage account and become an intcgcal part thereof. subject in all respects to the terms. conditions. and covenants of the aforesaid promissory note. and this mortgage. as fully and to the same extent's though a part ot the oriEinal indebtedness evidenced by said note and secured by this mottgage, exceptina however. that said sums shall be tepaid the Mottgasee forthwith upon its demacid aad be in addition to the regular monthly install- me~ts provided by the mottga~e note. 3. That the absuact or abstracts of title coverina the mortgaged propetty shall at all times, during the life of this mortgage, remain in possession of the Mottgagee and in event of the foreclosure of this mortgage or other trancfer ot title to the mortgaged property in txtin`uishment of the indebtedness secuted hereby. all right, title and interest of the ~+Mrtgagor in and to any such abstracts of title shalt pass to the purchaser or grantee. ~i. To the extent of the indebtedness of the Mort~agor to the A~ortgagee described herein or secured hereby. the ~lortgAgee is hereby subrogated to the lien or licns and to the rights o[ the owners and holders thereof of each and every mortgage, lien or other incumbtance on the tand described hetein which is paid and: or satisfied, in whole or in pa~t, out of tha proceeds of the loan described herein ot secured heteby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and esch of them hereby is preserved and shall pass to and be held by the NortgaEee herein as security [or the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been presenred and would have been passed to and been held by the !1lortgagee had it been duly and tegularly assigned. Uanaferted, set ovet. 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 pazties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this moctgase. 5. In the event the ownership of the mortgaaed premises. or any patt thereof, becomes vested in a person ather than the lllortgagor, the ~lortgagee may, without notice to ihe Nortgaaa, deal with such successor or suc- cessors in interest with reference to this deed and the debt heteby secured, in the same manner as with the Mort- gagot without in any way vitiating or discharging the Mortgagor's liability hereunder ot upon the debt hereby x secured. No sale of the premises hereby mortgaged and no [orbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the !Nortgagee shall operate to release. discharge. modify, change or a[fect the original fiability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness ot indebted- ness, hov?•ever evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- for, or othecv?ise, until all such indebtednoss shall have been fully paid. , 7. In lhe event the mortgaRors sell, convey or transjer the mortgaged preinises during the lije oJ this mort- ~ RaQe. ~hen this morlRaRe Shall, ot d~e option oj the Afortgagee herein, hecome immediately due and payable jor the jull sum oJ the principal ba(ance and interest then due. 8. Tfie terms "~tortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular number shall include tha plural and the plural the singular, and the use ot any gendec shall include all genders. i igned, se liv d in the presenct of: (Seal) ../y~~~ (Seal) % ~ ' ~ ~ ~ L N~- STATE OF FL.ORIDA COUNTY OF~ Ss ST. LUCIS TOMIE JOHPiSON Al.so Bmown As TOI~`i'IIE JOHNSON and Be[ore me pccsonally appearedAGI~TEB JOHNSON~ Hia Wife to me well known and known to me to be the individuals described in and who executed the fore6oing instnunent. and acknowledged before me that they executed the same for the purposes therein expressed. TNESS my hand _ and otficial seal in the County and State Iast aforesaid this 8th Day of Ja.nuary, ~M7~~~~~° r~~~~.. . FILEO AND RECOROED : 1`~ ~4' ' ~ - , Y FLA. ; ~ ~7. l.UC1E COUN7 . , : rnc::? VERSF . . ~G ~ ~ : Y^"`. ~ ' . • 'Y, 11y Ccxnmission F~pires: Nolary Public, State of . ~~O ~i( ~yt • ~.!r;"="~- V~i• ~ ` 4~~Y•.a._ 188586 - - : : ~-f , _ - , . •~i~~~ - ~~f~ • •~/~~NJ'• . ~ i1~J~_ , t'V) 1 f'•I•S ' ~a~~ c~~~K csa~UlT COURT DOOK1~~ PAGE~V60 ~ ~ F - _f_ ~r - _ _ , : _ ~ - ~x~-~