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Home My WebLink About1202 . . . _ • Our file 5-19,350 . tMs mort~a~e or o~her trans(e~ ot Utle to the mort`a~ed ptoper~y in eaun`u~shment o1 tAe ~ndeDtedneas .scurrd heteby, all n~h~, h~le snd murest of the A1on~a~ut m and to any msurancr poli~:.-- !!!en ~n force sA~ll pass to tAe pwcAaser or ~rsntee. (A) To perGxm, cixnply vith and abide by earA and every tAe supulahons, a~~tements, cond~t~oas and co~enants ~n said p~um~sso~y note and in tA~r deed set toeth. (11 That sny u( sr+d sums of muney here~n ~efe~ttd to bt not ptomptly and tully pa~d ruh~n hfteen days ne~t a(~e~ the same severally be~~nes due and payaDle,or it each and every the slipulaiions, a~reements, condit~ons and covenanis of caid ptom~c- say note and this deed, or e~ther, •re not fully pertormed, complied +~th and ab~ded by, tAe xaid asare~att suro menuot?ed m said panissay note sh~ll becane dut and pa~•a~le (atAW~tA or tAe~eafte~ •t t~e option ot the A1wt~a~ee as fully and completely as i( the ~ caid aj~re~ate sum of said prum~ssory note ~•as on~mally supul~ted ~o be pud on such J~y, anythin~ in s~id promissory note ix here~n to tAe contrary netv~thstanJins. 1~ 1 That in order to accele~~te Ihe maWnty o( the indebtedness Aereby cecured, ~euuse of the (~~lure o( the Mw~{a~or w pay any Ia~, as.e~~men~, lub~l~ty, obGpuon or encumDrance upoo sa~d property, as hcrem provided, u shall not be necesca~y ~x reQuisi~e ~hst the moct~asee .hall f~rst pay the ssme. The \lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby serured and to foreclose the same, pay either before or after delinquancy any or all af those certain obligations required~by the terms hereof to be paid by~the hlortgagot for the protection of the mortgage securit~~ or for the col- ? lection of the ~ndebtedness hereby secured. All sums so advanced ot paid by the Mottgagee shall be charged into ~ the mortgage account artd become an integral part thereof. subject in all respects to the terms, conditions, and covenants of ihe aforesaid prumissory note, and this mortgage, as lully and to the same extent as though a part of the original indebtedness evidenced by said ~ote and secured by this mortgage. excepting however. that said sums shall be repaid the M1lortgagee forthwith upon its demand and be in addition to the regulaz monthly instal{- ments provided by the mortgage note. 3. That the abstract or absUacts of title covering the mottgaged propetty shall at all times, during the tife of this mottgage, remain in possession o[ the Mortgagee and in event of the foreclosure of this mortgage or other tranxfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all tight, title and interest :~f :he ~lortgagor in and to aoy such abstracts of title shall pass to the purchaser or 6tantee. J. To the extent of the indebted~ess of the Mortgagor to the Atortgagee described herein or secuced hereby. the ~lortgagre is hereby subrogated to the lien or liens and to the rights ot th~ ow~ers and hoiders thereof of each and every mortgage, lien or othet incumbrance on the land described herein which is paid and/or satisfied, in ~ whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pasc to and be hcld by the ;~lortgagee herein as security for the indebtedness to the Mortgagee herein'described ~ or hereby secured, to the samz extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it bee~r duly and regularly assigned. transferred, set over. and delivered unto the Mort- gag~e by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto [hst the same w~ill be satisfied and cancelled of record by the holders thereof at ~~r abaut the time of the recording of this mortgage. 5. In the event the ownership c~f the mortgaged premises, or any part thereaf, becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice to the 4lortgagor, deal with such successor or suc- cessors in interest N•ith reference to this deed and the debt hereby secured, in the same manner as with the AAort- gagor w•ithout in any way vitiating or discharging the blortgagot's liability hereunder or upon the debt hereby ` secured. Nc? sale c~f the~promists hereby mortgaged and no forbearance on th~ part of the Nortgagee. and no ex- ' tension of the time for the payment of the debt hereby secured given by the Mortgaget shall opetate to release, j discharge, modify, change ot a(fect the otiginal liability of th~ ~lortgagot hetein either in whole or in part. i 6. The lien o( this deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, howevcr eviJenced, whether b~ said promissoty note or any tenewat or extension thereof or substitute there- ~ for, or otherwise. until all such indebtedness shal! have been fully paid. ~ 7. !n lhe Pvent lhe mortRoRors sell, convPy or tia»sjer ~he mortgaged p~emises during the liJe oj this mort- ~ ,~aec, rl~en tn?s mort,~a~e shall. at ~he op~ion oj~the ;lfortRaRee herein, hecome irnmediately due and payabJe joi the fu11 surn of lhr pnnc-+pal balance and interest then due. 1 ~ R. The tenna "Mc~rtgagor" and "!1lortgagee" •=•henever used in this ~nstrument shall include the heirs, ~ [ ~ per~onal 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. ~ 's i i ~ ~ Signed, ~ d d~ver in the presence ot: t~G~~~G[~r-~ OC~~t~.~i',O'c~fe~ (Seal) ~ T ~ ~ ~$Ca~) ~ ~ - . ~ ~ i ~ STATE OF FLORIDA I • ' COUNTY OF ~ ~s ~ ST. I,UCIE ~ PAULINT 7~EE3HOCK, an unmarried woman, being ~ Before me personally appeared the t~tidox oP JOHN L. IiEES$OCS ~ ~ to me well known and known to me to be the individuals described in and who executed the foregoin6 insttument, and acknowled~~~~o ,rRe F~~ ~ ecuted the same for the purposes therein expressed.'WITNESS my hand " and o~fic~al ~aai-~r~_t`p~i~r?e~a~,~t~t'~ast aforesaid this 2gth Day of Feb ~~9']0: ~ ~.90835 - r: ~ ~ „ _ • ~ ~ ~ 3 : 53 ~ 11y C~Nnm~ssion F+cpires: J11rie ~O~ 19'll Notary Public, State of ; ~ , . . ~'h~ ~ _ ' `c;, ' - ' ~ ' - t ~ , T ~ ~ ~ • ~ ' - . . ' • _ 1 - ~ ' ~ . , , ~ • ' ! • ~ r /j ? •~s.~if~a? ~ !~J , ' . ' f . t ~ aoo~~~3 ~~~~i - _ _ _