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Home My WebLink About2251 Our f ile 5-19, ~14 tMs aort~~~e ot otAe~ u~nsfer of title tu ihe mortsased property ~6 eatirt~u~shment o( tAe ~ndebtedness secwed Aereb?~, ~11 neh~, ~~ile and ~nicre~t of thc Mor~~a~or ~n aiW to ~ny ~nswance pol~cies ~hea m(ace sha!! pau io tAe putcA~set ot eramet. (h) To periorm, comply rr~tA ~nd abide by oacA and every tAe st~pu4t?ons, a{reemeots, condiuona and covenan~. ~n .a~d pn~mi~.~~n note and in ih~s dced sei tatA. Th~t ~t ~ny of sud sums o( moeey herem referrrd to be not p~anptlY (ully pa~d y~thro f+ftrrn d~>. n.~t ,~:trr ~he same severally becomes due and paYaoit,a ~f esch aod every the ~UpulaUOns, atteements, cund~uims and co.enants of .~~d pt~,nn.• say note and thu deed, ot euAer, ~re not fully pe~twmeJ, caapl~ed WitA and ab~ded by, the .a~d a~~rc=ate sum mcnuunrJ in .~~d pomusay note sAall become due aru! payable fwth~itA or the~ea(ter al the op~~on o[ the Mor~ga~ee as (ull~ rnd completrlY a. ~i thc sy~d a{~te~ale eum of said promissorY note ~ras m~~~na11Y ~t~pulNed to be paid on such d~Y. anythm~ m sa~J p?omis~or~ notr ur hrr-m to ~he contrary not~~itAst~nd~ns. ~ (~1 That ~n order ~u accele~ate ~he matunty u/ the indeAtedness hereby secured, brcause oi the ta~lure of tAe Mor~ragur pa) ~ny ~a~, •csecsmeet, I~abilhy, ob1~s~Uon a cncumbrance upon said propetty, as herem prov~ded, ~t shall no~ be ne~e~~ary .K requ~sue ~hat ~hr matEa~ee shall (uct pay tAe same. 2. The Alortgagee may. at his option, and without waiving his right to accelerate the indebtednecs hereb~• serured and tu foreclose the same, pay either befora ot after delinquency any or all of those certain obligatiuns required by the terms hereof to be paid by the hlottgagat for the protection of the martgage security o~ for the col- lection of the indebtedness hereby secured. All sums so advanced ot paid by the \+lottgagee shall be charged into the mottgagr ac~ount anJ become an integral part thereof, subject in all respects to the term~, conditi~~ns, anJ covenants of thz aforesaid promissory note. a~d this mortgage. as fully and ta thr same extent as though a part af the otiginal i~debtedness evide~ced by said note and secured by this moctgage, excepting however, that ~aid sums shall be repaid the Nlortgagee fotthwith upon its demand and be in addition to the regular moathly in.t~ll- ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged propetty shatl at all times, during the life ~ of this mortgage. remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer af titlc to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, ~itle and interest o[ the Mortgagor in and to any such absuacts of title shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mortgagor to tht I4Mrtgagee described herein or secured hereby, the Alortgagee is hereby subrogated to the lien or liens and to the nghts of the owners and holders theteof 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 proceeds of the loan desctibed he:ein or secured hereby, and the respective liens of said mortgages, liens or ot`her cn~ umbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Morlgagee herein as secutity for the indebtedne~s to the (1lortgagee herein described or hereby secured. to the same extent that it would have been preserved and would have been passed to a~d been held by the ~lcxtgagee had it been duly and regularly assigned. transfened, set over, and delivered unto the ~1ort- gagee by separate deed of ass~gnment, nolwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the i holders thereof at or about the time of the recordinE of this mortgage. ~ 5. In the event the ownership of the mortgaged premises, or any patt thereof, becomes vested in a person other ihan the Alortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor ot suc- ~ cessors in interest veith reference to this deed and the debt hereby secured. in the same manner as with the ~1ort- ~ gagot v?ithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale nf the premises hereby mortgaged and no forbeatance on the patt of the Mortgagee. and no cx- , tension of the time Cor the payment of the debt hereby secured given by the Moctgagee shall operate to release, j discharge, modify, change or affect the original liability of the ~tortgagor herein either in whole or in part. ; 6. The lien oC this deed secutes and shall continue to secure payment oC said indebtedness or indebted- : C ness, how•ever evidenced, whether by said promissoty note or any renewal or extension thereof or substitute there- ! j for, or otherwise, until all such indebtedness shall have been tully paid. ; ~ 7. In Ihe event the mortgaRors sell, convey or transJer the mortRaged p~emises during the liJe oj lhis mort- ! RnRe, ~hen this mortgaRe shall, at the option oj the Alorlgagee herein, hecome immediatefy due ared payable for the ' Jull sum of the pnncipal balance and interest then due. ~ 8. The tenns "!Nortgagor" and "Mortgagee" whenevet used in this instrument shall include the heirs, personal representatives, successors and assigns o[ the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ - ~ / / Sig d, cealed d ive d i he ptesence of: CU~~`C ll J~(,~/~"~ (Seal) ~ ~ ~ ~ " (Sealt i / STATE OF FLORIDA COUNTY OF~S ys Bei3T~ ~IIsonally appeared 81BOD~BARR Bd~ ~ hi8. Wife ~ ~ to me well knovm and known to me to be the i~ividuals described in and who executed the foregoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS mp hand ~ and official seal in the County and State last aforesaid this 30th Da~ of April, 197~ ~ ~ - s ~ Y ?~~~uiu ~ ~ Y ~ ~ " ? : ~ _ •f~~~ ~ ~ .-`~~•i" " ~ ,~une 30 1971 F a~e Z' ~fy Commission Eapires: ~ Notary Public, State of _ . % ~ ~ : - , ~ ~ ~ _ . _ _ } ~ ' ' ~,_~ti~~'-,~ . 7' ~ ,,,'y • f_.i• ~ ~ .•h ~ ~'J ~*~rv~~.=~•~ 'Yl~:.-?~. ; ~ i ~''`'r: ~''.Yt2.: • ' :•;f: •~i. ~ : . f-' .i,.~~~..Z . ~i~.~~'~~'~•k.+}'::, r ' • 1 ~ : r f. ~..a: _ . ,.,~I _ . ~ dooK184 P~~2248 ~ ~ ~ . _ _ . ti ~ . : : _ _ _ . . . . ~ ~r s:~