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Home My WebLink About2246 ~Ais mwtsa~e or otAer tnns(er of title to the mort~aaed propcrty in eat~n~uisAmen~ of the ~ndebtednsss secwed hneby, all ~~~A~, ~itle and interes~ oI tAe Aiort~~~o~ ~n rnd to any inaw~ece policiea ~hen in force shall paas io tht pwch~ser a~ran~ee. lA) To per(am, complY witA ~~fd ~b~de by eacA and every We atipulations, a{teements, condihons snd covenant. ~n .~~d prum~...,~~~ note and io thi~ deed aet tortA. (il TAat ~t ~ny of sud swns of money Aere~n reterred ~o be nut pranptl~• and tully ps~d ruh~n f~ftrrn d~y~ r~r~t ~nr~ the s~me severaUy pecomes due ~nd psyable,or J earh apd evety tAe stipul~t~ons, a~reements, conJ~t~cw~~ and co~enantc ..f .a~d prcuni.- scrY note and tAis deed, or e~~her, are not fully performed, complied r•ith and a~~ded by, tAe :a~d a~rejate aum mentinrtrd ~n ..,~d promissory note shall become due and payable fortA~itA a theroatter ~t the option of the 1?lortea~ee as (ully and completely r. if thr s~~d as~reiate awo of sa~d pranissay note Wss on~mally s~ipulated to be psid ort such day. anyH?ins m ssid prom~ssory nou or here~n to ~he cont~sr~ notvithslandm~. ) That in order to accelerate tAe maturhy ot tAe irtdeDtedness hereby secuted, because of the (ailure o( ~he AtwtEig.x w pay any la~, assessmenl, I~ability, obli~~uon a encumb~ance upon said prope~ly, as Aerem provided. ~l sh~ll not be ~eces.~~y ~x ~eqwsue that tAr mat~a~te shail f~rst pay the same. 2. The hlortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to toceclose the same. pay either before or a[ter delinquency any or all of those certain obligatians required by the terms hereo! to bS paid by the Mortgagor for the protection of the mortgage security or (o~ the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !Nortgagee shall be charged into the mortgage account anJ become an integral part thereof, subject in all respects to the termc, co~ditions, and t cavenants of the aforesaid promissory note. and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the Mottgagee forthwith upon its demand and be in addition to the regulat monthly in~tall- ments provided by th~ mortgage note. 3. That the abstract ot absuacts of title covering the mortgaged property shall at all times. during the li[e of this mortgage. remain in possession ot the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortga`ed ptoperty in eatinguishment o[ the indebtedness secured hereby. all right, ti~le and interest of the Aloctgagor in and to any such abstracts of title shall pass to the purchasec or grantee. 4. To the extent of the indebtedness o[ the Mortga6or to the NMrtgagee described hetein or secured hereby, the Rlortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each a~d every mortgage, lien or other incumbrance on the Iand described hetein which is paid and: or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective ?iens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the Mortgagee herein as security for the indebtedness to the Mottgagee herei~ 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 !11c~rtgagee had it been duly and regularly assigned. transferred, set over, and delivered unto the hlort- gagee by separate deed of assignment, notwithstandi~g the fact that the same may be satisfied a~d cancelled of recad, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mottgaged premises, or any parl theteof, becomes vested in a person other than the !~iortgagor. the 1lortgagee may, without notice to the ~+lottgagor, deal with such successor ar suc- cessors in interest w~ith reference to this deed and the debt hereby secured, in the same manner as with the `lort- gagor without in any way vitiating ot discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the 111ortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secete payment of said indebtedness or indebitd- ness, however evidenced, whether by said promissory note or any tenewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. 'i 7. /n the event the mo~tgaRors sell, con?~ey or transjer Ihe mo~lgaged premises during the tiJe oJ this morh j RaRe. Ih~n this mortgaAe shall, a~ !he oplion oj ~he Morlgagee herein, become incmediotely due and payable jor rhe C ju!! sum oj the p?incipal balance and interest then due. E 8. The terms "Mortgagor" and "l~lottgagee" whenever used in this instrument shall include the heirs, ; f petsonal representatives, successors and assigns of the respective parties hereto. W~herever used the singular ; { number shall include the plural and the plural the singulat, and the use of any gender shall include all genders. ~ . I Si ned, se eliv red in the presence of: ~?~`"r'''~~ (Seal) ' (Seaq ~ . ' ' ~ . 0--~--,-_ STATE OF FLORIDA ~ COUNTY O S~ C ss j • ~ ~ B e io r a m e~ p e r s o n a l l y a p p e a r e d F R E D~~? I C B O T T O ffi~ M E R s u d A L M A L. K R A ME R~ h18 W i fe ~ ~ to me well known and known to me to be the individuals described in and who executed the fore goin g instrument. ~ : and acknowledged befwe me that they executed the same for the purpose3 therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 218t D89 O ~ 19rf0 - ;4_'r'ti=>..: r ~ r ~ i ~ ~C:y '~1~~~l~ i~~ .!I ~ ~ - ~i: ~v~"~ tf : ~ ~+ly Commission Expires: '7~8 3~ ~ 19?l Notary Public, State Or ~ ~ ' ~ ~ ~ 1 ~ _ o~ ~ ~ • . : ~ t~~e/ ~ ~ -f~~N~ / . ~ ~ . ) ^ ~ !\S ~~`'gl/.Fi~~~ ! ~ti~ : ~ . ~,,,y, _ ~ : ~ _ _ ~ ~ f~ ~ •.::.:.~•'~.r ~ ao~184 P~2243 t ~ . ~ ~4~'Y h~ _ _ y<a] ~.r . _ _ . _ . . . . _ . _ _ _ ~ _ , . ~ "s ; ~.~r