The URL can be used to link to this page

Home My WebLink About1068 • ' ' ' . • Our fila 5-19,159 ' • - . i~• ~ n Ih~s maljase a otAe~ 1ran~cfer nt ti11t to Ihe mo~l~aseA ptoperly ~n eaUn~u~~h.~neni ol the ~ndebtedness cecuted Aere~y, •II ri~M, t~tlc and ieterest ot the Ma~~s{ur ~n and to aeY inswance polic~es then m lorct shall pass to the pwcAaset a~nntee. (h) To perf~xm, compiy +rith •od •A~de Dp eacA and every ~Ae suputatians, a~reement~, condiUOn~ ~nd coven.nts ~n .sid prom~.so~y nole and ~n th~y deed set tortA. (i1 Ths~ if any of sa~d sums of money herem retrrr~d to be nut promptly an~1 (ulh• paid ~uh~n t~fteen day. next al~er the sa~ne severslly Ercc~mes Jue and pay~ble,or i( eacA and every the stipul~tiex?a, a~retments, c~ndN~ona and covenants o( ~a~J prom~s- s~,ry nate and th~s deed, or e~ther, are not (u11y pe~tamed, cnenplied ~~tA and ab~ded sy, the .aid agsrega~e aum menuoned ?n sa~d ~ promissory nute ahall become due and pa~able iaih~~th a tAerea(ter at tAc option o[ Iht Mott~a~ee as fully and ton?pletely a~ ~f Ihe ~aid a~~re~ate ?um sr~d pran~ssory nate ~ras ~~~u?ally supulated to be paid on ~uch d~y. anytAin~ ~n aaid prom~ssory note ur here~n to ~Ae contrary noi~ithstandin~. 1~ 1 TA;~t ~n order to accelerate ~he matun~y ot the mdeptednesa Aereby cecured, Dacause ot ~he fa~lure of the Mor~{a~ar ~u pay ~ny taR, ac.essmen~, I~ab~6ty, ~+l~ligat~on ~x rncumbtance upon sa~d propetly, as herem p~ov~ded, it shall not be ne~es~ary ~x reqws~~e ~hai the m, rtEa6ee .hall tirst pay ~ht aame. The \lortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby serurcd anJ t~• forecluse the same, pay eithet before or aftet delinquency any or all of those cettain obligatio~s requir~d by the terms hereof to be paid by the Mottgagor for the protection of the mortaage secutity or for the col- lec~ion of the indebtedness hereby secured. All sums so advanced ot paid by the Alortgag~e shall be charged into th~ martgage aca~unt anJ become an integral part thereof. subject in all respecls to the term~. conditions, and cavenants of the aforesaid promissory note. and this martgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepti~g however, that said cums shall be repaid the ~lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments pmvided b~ the mortgaEe note. That the abstract or abstracts of title coverin6 the mortgaged property shall at all times, during the lite of thi. mortgage, remain in pc~ssession of the Mottgagee arid in event of the foreclosure of this mottgage or other tran~fer af title to the mc~rtgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest af the ~lortgagcx in and to any su~h abstracts af title shall pass to the purchaser or grantee. ~i. T~ the extent of the indebtedness of the Mortgagor to the ~lortgagee described herein or secured hereby, the ~1~rtgagee is hereby subragated to the lien ar liens and to the rights of the owners and holders thereo~ of each and every mortgage, lien o~ other incumbrance on the land desctibed herein which is paid and!or satisfied, in v?hole cn in part, out of the proceeds ot the laan described herein or secured heteby. aad the respective liens of said mortgages, licns or other incumbrances, shafl be and the same and each of them hereby is presetved and shall pasc t~ and be held b~• the Atortgagee hzrein as security for the indebtedness to the l~lortgagee herein described on c~reby ~ecured, to the same extent that it would have been preserved and would have been passed to and been held b~ the \t~~rt~agee had it betn duly and regulatly assigned, transfened, set over. and delivered unto the INort- gagee b~~ separate deed of assignment, nutwithstanding the fact that the same may be satisfied and cancelled of record, it he~ng the intention of the parties hereto that the same K~ill be satisfied and cancelled o[ record by the holders there~~f at or ahout the time of the recording of this mortgage. 5. In the e~•ent the ow~nership of the mortgaged premises, or any part thereof, beccxnes vested in a person other than the \k~rtgagor, the ~lortgagee may, without notice to the \+Wrtgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor K~ithout in any way vitiating or discharging thc Mortgagor's liability hereunder or upon the debt hereby secured. N~ sale ~~f the premisec hereby mortgaged and no forbearance on the part of the !Nortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, modify~, change or affect the original liability of the Mortgagot herein either in whole ot in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ncss, hov?ever evidenced, whether by said promissoty nate or an~• renewal or extension theteof or substitute there- for, or otherwise, until all such indebtcdness shal! have been fuily paid. 7. In the e~•ent the mortRaRors setl, convey or hansJer the morlRaged p~emises during tbe lije oj this mort- eQC~'. ilren thr. mn?tta~P shall. at ?he optinn of the .11ortRaRee herem, heconre immediately due and payable Jor tl~e Ju!! sum oj !hr pnncipal 6alance and inleres~ then due. 3. The tertn~ "~lortgagor" and "111ortgagee" w•henever used in this instrument shall include the heirs, perconal representatives, successors and assigns of the respective patties hereto. R'herever used the singular number shall include the plural and the plural the singulat, and the use of any gender shall include all genders. / 'gned, ~e I~v d in the presenee of: L~ ~-~c-c.~~~j._~~-~W (Seal) (Seal) ~ . ~ ~ ~ j STATE OF FLORIDA I COUNTI' OF ~ ST. ZIICIT ~~g pl~g ~~ried woman, being the Before mt personally appeared ~~^~~*d~g' t~ me well know~n and known to,me to ~tlt ai ~~cr nd who executed the fotegoing instrumcnt. and acknowledg~d before me that they executed the same for lhe purposes therein exptessed. WITNESS my hand and aff~cial seal in ~he County and State last aforesaid this lOtYl D~ O~ J~L18I`j~~ 19?~• ~ FILEO ANU RECOROED . T. I.UC? ~ COUNTY• ~LA' S n ~;c~!-lE0 ~ ~ . ; ~ \1y ('ommissi~u? Fxpires: Notary Public, State of Flor~ ~ +~p ~1N 20 PM ' - : _ : 7. ~ ~ - ~`aa~g8~ R = _ . . _ . i 4i.-rr? ;•0, AS T. . . ~LERK CIRCUI? COUR ~ _ _ 800K 18~ ~ 1U~ ~ ~ ~ - y~ ~ ~ ~ ~ -~-~.~h'"~