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Home My WebLink About0120 , ~ Our file 5-19,?8? tA~s mat~s~e a uther tunste~ o( ~Nle ~o the morl~~~cd poperty m eaUa~u~sAment~ul the ~ndeAteJnexs securrd AereDy, ~N nih~, hqe •nJ ~nterese o( the Mor~~a~a ~n ~nd to any ~naw~nce pol~c~es tAen in force sh~ll pass to the purch~su a~r~ntee. lA) Tu perf~rm, c.rAply witA and as~de by cacA aed every lAe aupulations, aqeements, condit~ons ~ad coven~nts ~n sy~d prom~sswy nule and in lh~a deed sel fwth. (i ~ Thal any o( s~id aums of money here~n rotened to be not p~aaplly ~nd (ully pa~d ~ruhm httcen days nett at~er the s~aee severally becosea due ~nd payable,or if each aad every tAe st~pulations, a~teements. conJ~tioas ar+d corenants of ss~d prom~s• say note and this deed, or either, are not tuliy pe~toreoed. complied W~th and abided Sy~ ~he ~a~d s{sre~ste swe mtet~o~ed ~n said paaiasay eote shall becose due and payable tath~ritA a thero~tter at tAe option ot the Matsasee as fully aod cospletely aa if the ga~d ss~re~~te suw of aaid praaissory aote r~s on~~nally a~ipulated to be paid m~uch d~y. a~ytAins in said promissory note or here~n ~o ~he comruy not~ri~hsundinE, (j ) That ~o order to acteler~te the m~tunty ot the indebtedneas hereby secu~ed, bec~use ot the (ailure o( the Mat~a~o~ to pay any ux, as~easment; liability, obli~ation a encumbrance upon sai~ property, ss herein prorided. ~l sh~l) not be neces~ary ot requisitt ~hs~ ~he matsasee shall firs~ pay the ssme. ~ ~ 2. 'the Mottgagte may. at his option, and without waiving his right to accelerate ihe indebtedness hereby ' secured and to foreclose th~ same. pay either before or atter delinquency any or all of those certain obligations ° required by the terms hereof to be paid by the Mottgagot for the protection of the mortgage security or for the col- . lectiun of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be char6ed into the mortgage account and become an integrat part thereof, subject in all respects to the ttrms. conditions, and correnants of the afaresaid promissory note. and this mortgagt. as fully and to the same extent as though a part oi the original indebtedntss eviden~ed by said note and secured by this mortaage, excepting however. that said sums shall be tepaid the Mortgagee forthwith upon its demand and be in addition to the cegular monthly install- ` ments provided by the mortgage note. i 3. That the absuact or abstracts of title coverina the mort6aged property shall at all times, doring the lite ~ of this mortgago, remain in possession of ihe Mortgagee and in eveet of the foreclosure of this mottgage ot other ~ transfer ot title to the mortaaaed property in extinguishment of the indebtedness secur~d hereby~ all ri~ht. title ~ and interest of the Mott agor in and to any such abstracts of titte ahall pass to the parchaser or grantee. ' ~ 4. To the estent o ebtedness of the Mortgagor to the Mortgagee described hecein or secared hereby, , the Alortgagee is hereby subrogate to the tien or liens and to the rights of the owners and holders ihereof of each ~ and every mortgage, lien or other incumbranca on the Iand described herein which is paid and/or satisfied, in ~ whole or in part, out of the proceeds of the loan d~scribed herein or secured hereby, and the respective liens of ~ said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is preserved and shall i pass to and be held by the Mortgagee herein as securily for the indebtedness to the Mortgag~e her~in described ~ or hereby secured, to the same eatent that it would have been preserved and woutd have been passed to end been s held by the Mortgagee had it been duiy and regularly assigned, transferred, set over, and d~livered unto tha Mort- gagee by separate deed of assignment. notwithstandins the fact that the same may be satisfied and ca~celled of record, it being the intention o[ the parties hereto that the same will be satisfied and cancelled ot record by the holders thereof at or about the time of the recording of this mortgage. ~ S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vest~d in a person other than the Mortgagor, the Mortgagee may. without notice to the Mortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby seeured, in the same manner. as with the Mort- gagor without in any way vitiating or discharaing the Mortgagor's liability hereunder or upon the debt h~reby secured.. No sale of the premises hereby mort6aged and no forbearance on the part of the Mortgagee, and no ex- tension o[ the time for the payment of the debt hereby secored given by the Mortgagee shall opetate to release. ~ discharge. modify, chango or affect the original iiability of the Mortgagor 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 or extension thereof or substitute there- ~ for, or otherwise. until all such indebtedness shall have been [uUy paid. ~ # ~ 7. In the event the mortgagors sell, convey or transjer the nror~gaged prernises during the liJe oJ this mort- gage, then this niortgage shall, at the op~iort oJ the Mortgagee 6erein, become immediately due and payable jor the ' jull swn oj tl~e principal balarece and interest then due. ~ 8. The terms "Mortgagor" and "Motigagee" wbenever used in this instrument shall include the heirs~ ~ personal representatives, successors artd assigns of the respective parties hereto. Wherever used the singular ? number shall include the plural and the plural the singular. and the us~ of any gender shall include all genders. ; Sign , seale e d in the presence of: ~~'~~~Z~Q-~.,L ~~~-~Cc~,t,jt • (SeaU - (Seal) ~ J ~ STATE OF FLORIDA COUNTY OF ~ SS ' ST. LUC WILLIAM Rr,i~MER an unmarried man, being the Before me personally appesred W1C~OW@T of JOHAI1~vA M. 1~HM a:R ~ to me weil knovm and knowa to me to be the individuala deacribed in and who executed the foteaoing instriunent, and aclcnowledged before me that they execated the same for the purposes therein expresscd. WITNESS my hand and o~cia! seal in the County and State last aforesaid tbis 23rd Day O~' M84Y ~ lg`r0 r ~ . = F11.ED'AND REC~OEO aune 30, 19?1 Florida ~r~t e, S~AY1~8ifiSa8~1~P'r~~ Notaty Public, State of RECOFiO VERtFtED • - ~ • ~ ?y~:- . . . ~ .i r~ % - : . - r ~ ~ • G J' 'TO JUN 8 PM 2 ' 29 ~ ~ ~ - ~ , ' ' „ - n , . ' ~ j~= ~~433~ j : ~oc~W rO~TRaS ~ Y : ; CLERK CtRCUIT COURT; 800K1~5 P~~ ~ _ w .~~~,a