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Home My WebLink About1535 ~ ' ~ • Our rile 5-19,638 tAis ~tpse a otR~r trmslt~ of ti~lt to tAe mort~~a~d property 1O t=l1p~111s1t~1lAt OI l1!! ~ndestedaeaa secured Aereby, all ~~~ht, ~~tle ` and intsre~t of ths Mat~yo~ ~a aed to ~ny insw~ace policias thsn in fotte iAall ass to tAe purch~set a ~r~ntee. i (A) To pe~(au~. cosolY ~ith ~nd aside by t~ch aad evcry tAe sti0ul~tia?s. ~~reenieets. condiuonr •nd coveean~. ~n sa~d prom~c.ur~. eote ~nd in thu deed set fa~A. (i) TAa~ if ~ny ot said sums o( moaey here~n roferted to be not prompUy •ad tully paid ~uh~o t~ttren day. ncc~ a~~r~ tAe suee serer~lly Aecowes due aad paY~ble.or i! eacA aad every the atipulations, ~~roemcnts. cwuf~l~ons ~nd coven~nt~c of .a~J p~um~s- say note sad lAis deed. or eithe~, are not fully pertorsed. co~lied ri~A and ~e~ded by, the ~~id a~are~aie swn menucu~ed m.a~d p~an~ssar aote sb~ll becose due and payable fathw~tb or tberestter •t tbe optioa ot the Mwt~~~ee as fully and comple~elY aa if thc i s~id ajpe~~te •um o( sa~d praaia:«Y note ~ras «~~~nally shp~l~ted 1o be p~id m sush daY. anythm~ ~a sai~ pran~asory nott ~x he:e~n ~ to the coettuy notrilAsl~ndi~. 1 That in order to ~ccelerate ~he ortu~ity of the ~ndebtedness hereby aecured, bec~we ot iAe (s~lure o! tAe Mo~t~apu ~u pay ~ny i,~~, asse~sment, I~ability, obli~atioe a encumbrance upon s~id property, as herein prov~ded, it shatl not be necec.ary ur reQu~cite ~Aa~ ~hr mat~a~ee sAall first p~y tAe s~me. 2. The Mortgagee may, at his option. and without waivin` his ri`ht to accelerate the indebtedness hereby secured snd to foreciose the same. pay either before ot after delinquency sny or all of those certain obligatioos required by the terms hertoi to be paid by the Mort~a`or for the pcotection of the martgage security or for the col- lection af the indebtedness hereby secured. All sums so advanced or paid by the Mort~a`ee shall be charaed into the mort~aje account and become an inte~ral part thareot, subject in all respects to the terms, conditiues, snd covenants of the afotesaid promissoty note. and this moctgage. as fully and to the same extent as thou~h a part of the orieinal indebtedness evidenced by said note and secured by this mottaate. excepting however, chat said sums shall be repaid the Mort~a~ee forthwith upon its dema~d and be in addition to the reaular monthly install- ments provided by the mori~ase note. 3. That the absuact or abstracts ot title coverin` the mortsated property shall at all times, durins the life of this mortgage, remain in possession ot the Mortgaaee and in event of tl~e foreclosute of this mortgaae or othe~ transfer of title to the mort~a~ed ptoperty in extin~uis6ment of the indebtedness sacured hereby, all riaht, title and interest of ihe Moct~a`or in and to a~y such abstracts of title shall pass to the purc6aser or grantee. To the extent of the indebtednecs of the Mortaator to the Mortgafee described herein or secured hereby, the Mortgagee is hereby subto~ated to the lien or liens and to the ri~hts of the owners and holders the~eof of each snd every mortgage, lien or other incumbtance on the land described herein which is paid and~~or satisCed. in whole or in part, out of the proceeds ot the loan desctibed herein ot secnred hereby, and the respective liens of said mortgaaes, liens ot other incwnbtances, shall be and the same and each of them hereby is pteserved and shalt pass to and be held by the Mort6aaee herein as security tor the indebtedness to the Mortgagee herein described on c~reby secured. t~ the same extent that it woutd have been presetved and would have been passed to and been held by the [?1c~rt~asee had it been duly and re`ularly assigned, transfened, set over. and delivered uato the Mort- gagee by separate deed of assi6nment, notwithstanding the fact that the same may be satisfied and cancelled of cecad, it bein6 the intention of the parties hereto that the same will be satis[ied and cancelled ot record by the holders thereof at or about the time of the recordin~ of this mott6aae. S. In the event the ownership of the mortgased premises, ot any part thereof. becomes vested in a person other than the Mortgagor. the ~lortgagee may. without notice to the Mottgaaor, 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 Nc~rt- saaor without in a~y way vitiating or diacharains the Mortgagoc's liability hereunder or upon the debt hereby , secured. No sale of the pcemises hereby mortgaged and no fabesrance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured aiven by the Mortgagee shall operate to release, . dischat`e. modify, chanse or affect the oriainal liability of the Moctgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal ot extension thereof or substitute there- fot. or otherwise. until all such iadebtedness shall have bee~ fully paid. 7. /n the event the mortgagors sell. convey or transfer the nrortgaged p~er»ises during the lije oj this n~ort- goge, then this mortgage sha[/, at the option oj the Alorlgagee herein, 6ecorne immedialely due and paya6le Jor the Jull sum oJ lhe p~incipal balance and inlerest Ihen due. 8. The terms "Mortga~or" and "Mortgagee" whenever used in this instrument 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 singular, acd the use of any gender shall include all genders. S' ed, sea a el~ ere n the presence of: • (Seal) ~ . _ (SeaU ~ STATE OF FLORIDA I COUNTY OF~~C~ ss Be~ore me personally sppeared MANSON ROY HII,S, eIId EDITH MARI$ HILI~~ h1B ~J1re to me weli known and known to me to be the individuals described in and wbo executed the foresoins instrument. ~ and acknowled~ed befote me that they ezecuted the same (or the purposes therein expcessed. WITNESS my hand ~ and ofiicial seat in the County and State Iast aforesaid this 2ad Day of May, 0 ~ : , '.~s ~ ~ly Commission Expires: `Tu~ 3~~ 19~ Notary Public, State of ori~a., . ~ _ < <j . ' ~i_. ; ~ y ~ ~ ~ • ' , ,s...t., _ J' . -v~,. ~ ~ , .;:t, ~ ~ s . ~ ? . . - ' _ f~~ . '~fi. ~~hs~~s~M~ t r.;,~ ~ti. ~ ~0~1~4 ~~53~ F ~ ; ~ ~ . - - . _ - . - _ ~ ~ ~ . ~