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Home My WebLink About2135 . ~ Our file 5-19,6?0 lAis mor~~{a~r or uthe~ u~ns(e~ ot t~Ne tu ~he mort~a~ed popetty m exUn~u~shmeo~ ul the ~ndebtedness secwcd htitby, •11 n~ht, hUe roJ ~nterest o( the \1o~~~a~a ~n and to any ~n~u~ance polic~es lhen in torce shall pass to Ihe purchase~ or ~ran~ee. (h) Tu pertiwm, c~rnply r~th and ab~de by eacA and every the stipulatims, a~~eemenis, condit~ons and co~anan~s ~n c~~d prom~caory nute and ~n th~s deed set (orth. (il 1'h~t ~t any ot sa~d sums ul moneY hcrt~n re(rrtad to bt not promptlY and tully pa~d ruh~n hfteen dsYs ne~~ after ~he same seve~ally Decomes due and paYa~le.or eacA and eve~y the stipulations. apeements. cond~tions and covenanu of ca~d prum~a- ~ay note and this deeJ, or e~ther, are no~ fully per[ormed, comD~~ed w~U? and aE~ded by, the ~a~d aurt~ate sun menuuncd ie said • prom~ssaY nute shall become due and paYable tathr~tA a therea(ter at the opUOn ot the Ma~~a~ee as fuliy and compietely as ~f ihe aa~d a~sre~ate sum of sa~d promiacay note ~ras on~~nally stipulated to be paid on such day, any:hin~ ie sa~d promissory note a Aere~n to the comrary n~tv~thst~nd~ns. ) TAa~ ~n order to accelu~te the autunty ot the indebtedness fieteby secuzed, because o1 the failure of tAe Atwt~a~or to paY ~~Y ~a;. ~ as.essmenl, I~ab~l~ty, obliaation or rncumbnnce upon sai~! property, as herein qov~ded, u shall not be necessary or reQuisite ~hat i!?e ` mort~a~ee shall hral pay lAe same. ± 2. The Mortgagee may. at his option. and without waiving his right to accelerate the indebtedness hereby i secured and tu foreclose the same. pay either before or after delinque~cy any or all of those certain obligations required by the tecros hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the hlortgagee shall be charged into the mortgage account anJ become an integral patt thereof, subject in all cespects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage. as fully and to the same extent as thou6h a part of the original indebtcdness evidenced by said note and secured by this mortgage, excepting however. that said ; sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regatar monthly install- ~ ments pcovided by the mortgage note. ~ 3. That the abstract or absvacts of title covering the mortgaged property shall at all times. during the life ~ uf this mc~rtgage. remain in possession of the Alortgagee and in event of the foreciosure of this mortgage or other ~ transfer of title to the mortgaged ptoperty in eztinguishment of the indebtedness secuted hereby,. all right, title ~ and interest of the Mortgagor in and to any such absuacts of title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness o[ the Mottgagor to the Mortgagee described herein or secured hereby, ~ the ~iortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied. in whole or in part, out of the procecds 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 ~ pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the Alortgagee had it been duly and regularly assigned, tranaferred, set over, and delivered unto the Mort- gagee by separate deed of assignment. notwithstanding the fact that the same may be satis[ied and ca~celled of ~ record, it being the intention of the parties hereto that the same will be satisfied and cancelled oC record by the ~ holders thereof at or about the time of the recordin6 of this mortgage. 5. ln the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person ; other than the Mortgagor, the 4Mrtgagee 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 Mortgagor's liability hereunder or upon t6e debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- ~ tension of the time tor the payment of the debt hereby secured given by the Mortgagee shall operate to release. ; discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. ' , 6. The lien of this deed secures and shall continue to sccure payment o[ said indebtedness or indebted- ~ ness, however evidenced, whether by said promissory note ot any renewal or extension thereof or substitute there- ' for, or otherwise, until all such indebtedness shall have been fully paid. 7. /n Ihe event the rnortgago?s sell, convey o~ transjer lhe mortgaged premises during the life of this ntort- gage, ~hen this mortgage shatl, at the opJion oJ the Alortgagee herein, become immediately due and payable for the ju/l su?n oJ the principal balance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heits, personal representatives. successors and assigns of the respective parties hereto. Wherever used the sin~ular ; number shall include the ptural ar?d the plural th~ aingular, and ihe use of any gender shalt inclode all genders:'- • s Si e, seale n 1' er in the presence of: ~ (Seal) FILEO A~JO RECORDED ~T. LUCIc LOU~~TY, FLa. (Seal) . - 1~3665 4 ~.7~ Mpy 2 o FM 3~: Z I _ STATE OF FLORIDA ~ COUNTY OF~ ss ~TR : ST. LUC =:r.~ ~~a : s Before me personally appeared FI,ORII~CE FR~ER, aII ~1~~~~~1Q~~T to me well known and known to me to be the individuats described in and who executed the fotesoin` instrwnent, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and o~ficial seal in the County and State last aforesaid this 9th Da~y Of M8~ ~ 19`J~ ?)F~4 . r' ~~~"r,i 4 ' - • ~,\~NIIII///!/~~~ ` . Ny Commission Expires: `7L1IIe 30 ~ 19'll Natary Public. State of ~~Or ' ~ ~ =r~: ~ -~.~I _ ~ = .bp, . . : r 1 S: . - : s _ _ ~ • ~ 3 ~.~j. ~ , ~.3~ - °saoK ~84 P~c~ ~ ~ ~r . - _ ~ _ . ~ ~ . . ~