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HomeMy WebLinkAbout2761 ~ ' our file 5-19,4a~. ~ . • . . ~ . ~ th~s ma~`a~e a uther u~nsfe~ of Utle to ~he monsaacd poperty m eat~nau?shment ut the ~ndebtednesa aecwrd he~eby, ~11 nsA~, u~ie anJ ~nures~ of the Mort~a~w ~n anA to any insur~nce polic~es ~hen in force shall pass to the purch~se~ or ~nntee. (h) Tu prrfMm, cumply v~th and ab~de by each and eve~y the st~pulat~ons, a~reements, coodihons aad covenants m ca~d prom~.sory nutt anJ ~n th~s deeJ set (ottA. 1 That any ot said sums o[ money herero refrrred to be not promptlY acM (ully p~?d W~ih~n (~fteen days ne~~ afu~ the samt seve~allY becomes due and DaY~ble,or if each aad eve~y the st~pul~t~ons, s~reements, coml~lions and covenanls of said prum~.- say note and th~s deed, ot e~ther, arc not (ully per(ormed. caaD~~ed ~rith and ab~ded by, tAe ~a~d aurc`a~e sum menuoneJ m s~~d pan~aso~y note sAall become due and payable forth~ri~A o~ thc~e~(tet a~ the opt~on ot tAe Mat~a~ee as (ully and completelY as i( the aaid a«re~~te sua o! said pranissory note rras cK~~mslly stipul~ted to be p~~d m such d~y. anythins in s~id praaissay oote or here~n to tAe contrary notvithst~ndins. V) 7'Aat m order Io accelerate the matun~y o! the iede~tedneas hereby secured. because ot tAe f~ilure of the Mort~a~u~ to pay any ~aK, as~essmen~, I~ab~lity, obliption a e~cumbrance upon said p~operty, ~s Aere~n provided, il siull not be necescuy ur requ~siu thal the ma~~a~ee shall tirst pay the same. 2. The `lortgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby ,~c,.,,.;; .::,u :;:,~c::;s~ E::~ =i;•`:~_ '•_~!'ore or aftet delinquency any ot all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or [or the col- ~ lectiun of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into ' the mortgage account anJ become an integral part thereof. subject in all respects to the terms. conditions. and ~ covenants of the aforeseid promissory note. and this mortgage, as fully and to the same extent as though a part ; of the original indebtedness evidcnced by said aote and secured by this aartgage. excepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in add~tion to the regular monthly instail- ments provided by the mortgage note. 3. That the abstract or absuacts ot title covering the mortgaged property shall at all times, during the life of this mortgagc, remain in possession of the Mottgagee snd in event o( the foreclosure of this mortgage ar other transfer of title to the moitgaged pcoperty in extinguishment of the indebtedrtess secared hereby. all right, title and interest of the Mortgagor in and to any such abstracts o[ title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagot to the Mottgagee desccibed hetein or secared hereby, the !1lortgagee is hereby subrogated to the lien or liens and to the rights ot tha owners and holders thereof of each and every mortgage, lien or other incumbrance on the land desetibed herein which is paid and/or satisfied, in whole or in part. out of the proceeds of the loan described herein or sectued 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 pass to and be held by the Mortgagee herein as security for the indebtedness to thc Mortgagee herein described or hereby secured. to the same eatent tfiat it ~ould have been preserved and wouid have been passed to and been held by the Alortgagee had it been duly and regularly assigned, transferred. set over, and delivered unto the Mort= gagee by separate deed of assignment, notwithstanding. the fact that ihe same may be satisfied and cancelled of record. it being the intentian of the parties hereto that the same will be satisfied and cancelled ot record by the holders thereof at or about the time of the recording of this mortgage. 5. ln the event the ownership of the mortgaged premises. or any part thereot. becomes vested in a person other than the 111ortgagor. the Nortgagee may. without notice to the Mortgagor. 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 without in any way vitiating or discharging the Mortga6o['s liability hereunder ot upon the debt hereby secured. No sale of the premises hereby rtartgaged and no forbearance on the part of the I?lortgagee, and no ex- tension of the time for the payment of the iiebt hereby secured given by the Mortgagee shall operate to release. discharge, modify, cbange or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed sec~ures and shatl continue to secure payment of said indebtedness or indebted- ; ness, however evidenced. whether by said promissory note or any renewal or eatension thereof or substitute there- t [or, or otherwise, until alt such indebtedness shall have been fully paid. ~ 7. /n the even~ the mortgagors sell, convey or t?ansfer the mo~tgaged p~emises during the lije of this mort- ~ ~ gage, then this rnortgage shall, at the option oj the Afortgagee herein, become inunediate[y due and paya6fe jor the ~ ; jull sum oJ the principal balance and interest then due. ~ ~ 8. The certns "Mortgagor" and "Mottgagee" whenever used in this instcument shall include the heirs, ~ personal representatives. successors and assigns of the respective parties hereto. Wherever used the singular ~ ~ number shall include the plural and the plural the singulaz, and the use ot any gender shall inclnde all genders. i [ ; ~ . ~ : gned, s n d ivered in the presence of: eal) ' ~ - _ j --r - f ~ . < < = ~ r ` ' ` L- (Seal) ~ : • i ~ STATE OF FLORIDA . ~ COUNTY OF QA~C ss , ~ - ST. LUCI WILLIAM J. MATTHEWS and KATHERINE P'iATTHEWS, his Wife Before me persona y appeared ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, : ~ and acknowledged before me that they esecuted the same for ihe purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 28th Da~ of Mar 19']0 ~ - ~ ~ ~ .~y\{lll::l.)li, . i " t ~ ~ - ~ _ ~ June 30 7 / FZ D ` , ~ii ' ~t • - ~ ~ly Commission Expires: ~ 1 1 Notary Public, State of - - _ ~ , ~ " ~ ? S ` n'-'•~~~ • ; :T'~a I . " ~ ~ _ s. -~1' S . ~ i . y - 3 ~~~~~•~•,r.~-~.ti~G}':~ 1 a ~i ' .1 ..•a~ Y~• ~ - ~l ~~~~H~~` ~ ' ~ ~ /'~~,•r L• •~1~~•1 ~ e n ~ r/~.~~~tFtltt'~~,' j $0~~ 1 ~~275~ ~ _ ~ _ ' ~ . _ . , - __.a_ e~~ r.