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Home My WebLink About0203 . + Our file 5-19,7?4 th~s mat~a~e or u~her transter of utle tu the mwt~s~ed poperty ~p eaUntu~shment W the ~odebted~ess aecwed Aereby, ait r~~h~, t~qe rmf ~n~e~est o( the Mort~a~or in ~rtd to any iosw~nce policws thee in torce ah~ll pas~ to tAe putcAacer or ~ran~ee. (h) Tu pt~l~xm, rumply +r~th and abide by euh and erery tbe sUpulat~oes, a~reeme~ts, cond~Uoos and covenan~s ~n s~~d promi.sory nutt and ~n th~s deod set torth. (i 1 That ~t any o( said swns uf money Ae~e~n referrrd to be not prompdy and tully pa~d w~~hin (~hern days nest a(!e~ the same severally becanes due and paysbit,or if each and ere~y the st~pul~tions, ~~~eements, conditiorts and corenants ot sa~d prum~a- sory note and this deed, or e~ther, ue not fully per[ormed, complied ~ith and ab?ded by, the .a~d a~repte sum menuoned m ~~~d proei~~swy note shall becotee dut and payable totlA~•ith or t~eroafter at the option ot the M«~~a~ee as fully and completely as if the Qaid a~~te~ate swe o( said pamissay note r~s ori~~nally stipulated to be paid on such day, any:Ains in s~id promisawy eote a l~cre~n to the contrary eot~riti?stand~ns. (j ) That io wder to accelerste the m~tun~y ot the indebtedness Aeroby secu~ed, because ot the fsilure ot tAe Matia~or ~o pay any ta~, as.ecsment, I~ability, obli~atim a encumbrance upwi sai~ property, as hete~n provided, it shali not be aects~ary or teQuisite ?hat the mort~a~ee shall f~rat pay the same. The Nortgagee may, at his option, and without waiving his right to acceleraie the indebted~ess hereby ~ secured and to foreclose the same. pay either before or aRer delinquency any or all of those cettain obligations required by the terms hereof' to be paid by the Mortgagot tor the protection of the mortgage security or for the col- lectiun of the indebtedness hereby secured. All sums so advanced or. paid by the Mortgage~ shalt be charged into the mortgage account and become an integtal part thereof. subject i~ all respects to tht terms. conditions, and covenants of the aCoresaid promissory note, and this morigage, as fully and to th~ same extent as though a part ; of the origi~al indebtedness svidenced by said note and secured by this mortga~e, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthljr install- ments provided by the mortgage ~ote. 3. That the absuact or abstracts of title covering the mortgaged pmperty shali at all times. durins the lite of this mortgage. remain in possession of the Mottgagee and ie event of the foreclosure of this mortgage or other transfer of tiile to the mortgaged property in extinguishment o[ the indebtedness secured hereby, all right. title and interest of the MorCgagor in and to any such abstracts of title shall pass to the p~rchaser or grantee. 4. To thc extent o[ the indebtedness of the Mortgagor to the Mortgagee desctibed herein or secured hereby, the Alortgagee is fiereby subrogated to the lien or liens and to thc rights of the owners and holders thereof o[ each and every mortgage, iien or other incumbrance on the land described herein which is.paid and/or satisfied. in whote or in Qart. out of the proceeds of the loan described herein or secured hereby, and the tespective liens of said m~rtgages, liens or other i~cumbrances. 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 fo~ the indebtedness to the Mortgagee her~in described or hereby secured, to the same extent that it would have been preserved and would have been pasa~d to and been ' held by the Mortgagee had it been duly and regularly assigned, transferced, set over, and delivered unto the Mort- gagae by separate deed of assignment. notwithstandiag 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 holders thereof at or about the time of the recording of this mortgage. 5. !n the event the ownership oC the mortgaged premises, or any part thereof. becomes vested in a person ; other than the Mortgagor. the Martgagee may. without notice to the Mortgagor, deal with such successor or suc- - cessors in interest with reterence to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiatiRg or discharging the Mortgagor's liability hereunder or upon tfie debt hereby secured. Na sale of the premises hereby mortgaged and no forbearance on the part of the Mottgagee. and no ex- ; tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the orisinal liability.of the Mortgagor herein either in whol~ ot in patt. ~6. The tien oC this deed secures and shalt 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 fully paid. ' , 7. In the event the ?nortgagors sell~ convey or transjer the mortgaged pre~nises during the lije oj this ?nort- gage, then this mortgage shalf, at the option oj the Mortgagee herein, 6eco~ne inunediately due and payable jor ~he jult sune oj the principa! balance and inte?esl then due. 8. The teRns "Mortgagor" and "Mortgagee" whenever used in this instr~unent 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, and the use of any gender shall include all genders. i 1 \ . Signe . sealed d li red n the presence of: . ~ (Seal) (Seal) ii / STATE OF FLORIDA ; ~ COUNTY OF ~ ss ! ST. LUC BeCore me personally appeared JIMMIE I~EE MOORE~ an unmarried mc'~II to me welt known and known to me to be the individuals described in and who executed the foregoing iastrument, ; and acknowtedged before me that they eaecuted the same fot the purposes therein expressed. WITNESS my hand ' and official seal in the County ar~d State last aforesaid this 28th Da4p Of M 19rfQ . - ' ,tNi~?h..;qr. ' - q -t . i _ . • _ • - • FILEO ANO RECORDED June 30 1971 or-i a,t~ y~ S~~-d~~~~~~~E~A~ ' Notary Public, State of ~`'''•=-j It~ rOR~ VFRirlEp - . _ _ ~ . ~ .1 ~ . ~t'!r"~.1Y ~ ~i ~ ~ ~r~t-~r'_ ~ `o~- ' '70 JU~~ 9 PM 2: 2 8 ;7 M~N~,~ ~ 1~~~n2 w~ _ iiO~~F, r p! i RiaS CLERK CIRCUIT COURT ~g~~~K P~ ~ f~ ~~~x~ : - - , ~ _ _ , >