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HomeMy WebLinkAbout2268 ~ Our tile 5-19,448 th~s mw~~a~e or olher tnnsft~ o( Ullt tu ~he mo~t~s~ed poperty m ezueswshmrn~ u1 tAe ~ndcbteJnt~s atcweJ A~reb~•, ~11 n~hi, h11e anJ inierost o( the Mori~a~a in ~nd to any mswam;e puGc~es ~hon ~n f«ce rhall pass to tAe purcAaset cx ~ran~ee. lh1 Tu peif~rm, unnply W~th •nd ab~de by eacA and every Me supulauons. ~~rtemenu, cond~Uons and corcn~nts ~n +a~d prom~asory nu~e and m th~s derJ se~ lortli. (i 1 That ~f any o( aaid sums o[ mo~ey herem re(trted 1o be nol praoplly ~ad (ully pa~d WuA~n hheen days nt~~ a(u~ ~he same sev~rally Secomes due and payasle,« i( tacA a~d eve~y tAe st~pulaua?s, ~~reements, con~i~Uans aod covenants of sa~J pran~s- sory aote and th~s deed, or eitAer, ue not lully perfoneed. canplied ~rith ~nd ab~ded by, the sa~d as~rcpte sum menUoned m s+~d prom~ssay note shall becaae due and payable fathW~tA or thereatter at tAe optioa ot tAe Ma~~a~ee as fully and caepleuly ss i( th~ aaid ~«re~~te sus of aaid praeiaaory note ~~s a~~~~nallr s~ipul~tcd to be paid oa sucA d~y. aayth~o~ in sa~d promissory nott or here~e ~0 1be contruY uutvr~~Astand~n~. ' 1 TAst ~n ader to acceler~te the matunty of tbe indebtedneas Atreby secured, because ot tAe failure of ~he Ma~~a~a to pay any ua, asxessieeM, 6ability, oblisation or encwnbrance upon sa~d property, as l?ereia provided. ~t sAa11 not Ae necessary a requisitc tAa~ the mwtsaseE aAaU Grat psy the samc. 2. The Mott~asee may, at his option. and without waiviog his risht to accelerate the indebtedness heteby secured a~d to foreclose the same. pay either before or after delinquency a~y or all of those certain obligations requi~ed by the terms hereof to be paid by the Mortgagor for the ptotection of the moctgage security o~ for the col- lectiun of the indebtedness hereby secured. All suma so advanced ot paid by the Mortgaaee shall be char`ed into thc mor~~age account and become an inte~ral part thereof, subject ie all respects to the terms. conditions, and covenants of the afaesaid prMnissory ~ote. and this mort~age, as fully and to the same txtcnt as though a part , of the orieinal indebtedness evidenced by said note and secuted by this mortaa6e, exceptins however. that said sums shall be repaid the Mortsagee forthwith upon its demand and be ia addition to the cegular monthly install- ments provided by the mortaage note. 3. That the abstract or abstracts of title cove~ina the mortgaged propetty shall at all times, durin6 the life of this mortgagc, remain in possession of thc Mortgagee and ie event of the taeclosurs of this mortaa6e or other ttansfer of titte to the mortgaged property in extia6uishment of the iadebtedness secured hereby, all ri`ht. title and interest of the AAortgagor in and to any such abstracts o[ title ahall pass to the purchaser or ~rantee. 4. To the extent ot the indebtedness of the Mortgagor to the Mortaagee described herein or secnred hereby. the hlortgagee is hereby subrogated to the lien or liens and to the rights ot the owaers and holdecs thereof of each and ever~ mortgage, lien or othet incumbrance on the land described herein which is paid and/or satiafied, in whote ot in part. out of the proceeds of the loan described herein or secuted heteby, aad the respective liens of ~ said mortgages, liens or other incumbrances. shalt be and the same and each of them hereby is prcserved and fhall pass to and be held by the Mortgaaee herein as security fot the indebtedness to tho Mortgagee herein described or hereby secured. to the same extent that it would have been pteserved and would hsve been passed ta and been held by the Akirtgagee had it been duly and regularly assigned, transferred, 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 intentio~ of the parties hereto that the same will be satisC~ed and cancelled of record by the holders thereof at or about the time of 1he recording of this mortgase. 5. In the event the owners6ip of the mortgaged premises. or any part thereat. becomes vested in a person other than the Alortgagor. the ~lortgagee may, without notice to the Mortgagor, deal witFi 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- gagot without in a~y way vitiating or dischatging the Mortgaaor's liability hereunder or upon the debt heret~y secured. No sale uf the premises hereby mortgaEed and no [orbearance on the part of the Mort6agee, and no ex- tension ot the time for the payment of the debt hereby secured given by the Mortgas~e shall operate to release. dischacge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien ot this deed secures and shall continne to secure payment o( said indebtedness or indebted- ness. however evidenced, whether by said promissory note or aoy renewal or extension thereof or substitute there-• fur. or otherwise, until all such indebtedness shatl have been fully paid. l. In the even~ Ihe mortgagors sell, convey or hansje~ rhe morlgnged pren~ises during the liJe oj this ~nort- ~ gage, then this mo~tgage shull, ~at the option oj the Mortgagee herein, become inunediately due ared payable jor the ~ JuU sune oj the principal balance and interest then due. ~ 8. The- tenns "Mortgagor" and "Mort~agee" whenever used in this instrument shall include the heirs. t personal representatives. successors and assigns of the respective parties hereto. Wherever used the singu{ar ~ number shall include the plural and the plural the singutar, and the use of any gender shall include all genders. t (t K • / ~ ed, seal a I~ d in the resence of: (~a~) ~ ~ 0 ANp' REEORDLO~' ~Seap g RECORO VERIFIEO ' ~ , ~91604 ~ STA'fE OF FLORIDA ` T~ ~ 3O ~ 1 ~ COUNTY OF 04~b~ SS - - - - - ~ ST . I,UC IE ANNA JAC830N ~ Before me petsonally appeared ~ an un~aoc~R~(j~~ , ~ to me weli knovrn and known to me to be the individuals described e~lf~~h~~~e~l{~~e~b11~`oinj instriunent. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand } and official seal in the County and State last aforesaid this 218t• D~I OY C$~ 19rf0• : 4 ~ ' i ~ . ~ tf~~if . ~~t ' ; . 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