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Home My WebLink About1236 . . ; . our file 5-19, 581 th~a n~cxtp~c or other uanafer o! iiUe to the mort~~aed pro0uty ~e e~tin~u~shmen~ ot tAe ~ndebtedaess secwed Aereby, aQ n~A~, ~~tle •nd ~n~srest of the Mort~aiur ~n ~ed to ~ny inauranca polic~ai ~Aen ~e fo~ce shall piss to tba putcAaser or irsneee. lA) To pe~fam, compl~ +ritA •nd abide by e~ch and erery tAe ahput~aa+ns, a~r<eeuna, coed~t~ons and corenan~s ~n said pic+mi~esay nott and in tA~s deed :et tarlA. _ ~ (i 1 i'h~t ~f any o( .a~d aums ot moeey here~n rete~rrd to bt not p?oaip~ly and tu11y ps~d vruh~n (itlcrn days oeat after the sau~e severalty brc.unes due ~ud paY~ble,or if tath aad erery the at~pul~uons, s~recments~ comi~~~ons ~nd eovenants o( ~caid prae~s• saxy note and tAis deed~ or e~thei. ~re eot fully pertoraied, earoplied Wuh snd a~~ded by, tAe .~~J akre/~u s~ mentioned in said pnmissory nalt sh~U beton~e due ~nd pay~ble (aWWith a ~hereatte~ the oolion ot the Mat~a{ee as tully ae?d comolrtclY ~a if ~Ae c~~d a~srepte sum of sa~d pomissoty nott ras onpnally st~prl~ted to be paid on sucA dar. aaytAie~ in s~id posisso~y note or here~n to 1he cont~uy nohitRatand~na. (s 1 TAat ~n Mder to accelerate the matu~~ty ot tAe indebtedneia hereby secured. bec~use of the tailure of tAe 6Aor<<a~.x ro p~y ~ny ua, +ssessmeet. hab~l~ty. ~I~saUOn a encue~brante upa? xud property, as Aercin p~ov~ded, ~t shsp not be eecesaa~Y w tequ~s~te th~t tAt mixisa~ee shall f~rtt pap the same. 2. The \lortgagee may, at his option, and without waivin6 his right to acceterate the indebtedness hereby ~ecured and to foreclose the same, pay either betare or aRer delinquency any or all of those certain ob(ia~tions required Sy the terms hereot to be paid by the Mortaagor for the proteclion of the mo~tjaje secutity or for the col- I~ction af the indebtedness hereby secured. All sums so advanced or paid by the Moct~a~ee shall be char6ed into the mc~rtgage account a~d become an i~te~tal part thereof. subject in all respects to the terms~ conditions, and covenants af the aforesaid promissory note, and this mott`a=e, as fully snd to the same extent as thou~6 a put of the ariginal indebtedness evidcACed by said note a~d secu~ed by this mort`a~a. e:ceptina howevet, that s:id sums shait be repaid tht 111ott`a=ee fotthwith upoe its dernand and be in addition to the reaulat monthly install- ments pr~vided by the mortga=e note. 3. That the abstract or abstracts of title cove~in~ the mort~aaed property shalt at atl times, durin~ the life of this morcgage, remain in possession oi the Mort~asee and in event ot the foreclosure of this mort~ase o~ other tran•fzr of title to the mc+rt~aaed proparty in extintuishment o[ the indebiedness secared hereby, all ri~ht. title and mterest ot the ~~ortsa~cx in and to any such absuacts ot uNe shalt pass to the Patchaser or ~rantee. a. To the extent of the indebtedness of the Mortaa=or 1o ihe Mortsa~ee desctibed herein ot scc~ued hereby, thc Uortgagee is hereb> subrogated to the lien ot liena and to the ti~hts of the owners aad holders thereof of each and every mc~rttaae, lien or other incumbraace on the Iand dese~ibed hereia which is paid and/oc satitfied. in whole or in pan, aut of the proceeds of the loan described hetein or secured hecaby, and the respective., iieaa of said mortEages, liens or other incumbrances, shall be and the ssme and each o[ them hereby is prosetved st~d ahall pass to and be held~ by the Martga~ee herein as securety for the indebtedness to the Morlga=ee betein described or hereby secu~ed, to the same exten~ that it v?ould have been preserved aed would have been passod to and been held by the Mc~rtgagee had it been duly and regularly assi`ned. transferred. set ovar, and delivered aato the Mort- gagee by scparate deed ot assignmcm, notwithst~din~ the (act that tht same may be satisfied and cancelled of record, it bri~g the intentiaa of the parties hereto thet the same will be satisfied and cancelled of recotd by the holders thereof at or at+out the time of the recordins of this mortgaae. S. In the event the ow•nership of the mortga6ed premises. or sny part tbereof. becomes vested in a person other than the yk?r~ga~or, the Nortaagee may, without notice to the Mortgaaot, deal with such successot or suc- cesso~s in interest with re[erence to this deed and tht debt hereby secuted, in the same manner as with the Mott- gasor without i~ any way vitisting or dischar6ina the Mortga6or's liability heraundtr or upsm the debt hereby secured. No sale of the premises hereby mortgaEed and no forbearanct on the part of the Mort~aaee. and no ex- tensian of the time for the payment of the debt hereby secured aiven by ihe [~loriga=ee shsl! operate to release. discharge, modify, change ~ affect the original liability of the Mortgaaor herein eiiher in whole or ia put. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedaess ot indebted- ness. hawever evidenced, whether by said promissory note or any rencwal or extension thtreo[ or substitute there- for, or oth~rw~ise, until a[Isuch_indeatedncs~~h~llh~r _I~sen fully p.aid. . 7. !n the rvent tke mortgaRois sell, convey or t~ansJer tlre ,aorlRaged pre~eists dwi~g the liJe oJ this ~o~t- ~~a~e'• rfren ~Irr. mnrtea~e shall, al !he oplion oJ ~he AlortRagee herein, heco~ne in~n~ediotely due and puyuble jor the JuII tium oJ the principal balonce and inlerest then due. R. The tem,s "~tortgagor" and "~lortgagee" whencver used in this instrument shall include the heirs, per~onal representatives, successors and assigns of the respective puties hereto. Wherevet used the singular number shall iaciude the plural and the plurat the singular. ard the use of any gender shsll ioclude all genders. ~ S ned, se ~ d eliv ed in he pres t: ~ ~ tSeaU ----~1~G.-~-~ ~1 =--;,~-~.l~l~a~Lx %h ~ (Seal) ! / STATF O~ FLORIDA I COUNTY OF s` ~ ~R~ j eeiore me person~Ify~ appeared 1'RSDERI4'lC ~ O'1'TO 88JIP'1SFi e~~d ~I~'il I,i: ER~ ~ h3e i~13le t~ me well knovm and knoam to me t~ be the individuals described in atid who exeeuted tlie foresoin` insuument, and ackeowledged before me that they executed the same for the purposea therein expre:sed,, N?~'~'WESS my hand and of(~cial seal in the County and State Iast afaesaid this IBth DB~/ of April, 1"~ . ~ ` j • i r ' '(A~ ' t" ~ ~I ~1y C~rmnicsion Frpires: Ju~ ~t 19~ Notary Public, State of Fl0 ~ ~ ' ; ~i ' . f~ $ = . ~r ~t ~ : ` f::~ Y~ ; s -,w : ~ E , ~ , • • ~ ; ~ .,,~j<~i~ t~ ; `r . , ~~iq~r~~~~t~ ~ go~184 P~1234 : ; 4 . . . . ~ z ~ . . . . , _ -„i~.