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Home My WebLink About0657 - • . • ~ Our iile 5-20,016 . tA~s wo~~s~~e m aher tr~ns(e~ ot utle to ~he wwt~a~ed prope~ly Iw t~1111jYliAOltAI u1 the ~ndcblcdne•s seawrJ Ae~ee). all ~~~le sm1 ~n~e~est ot tAe Mor~tqa ~p and to ser ~aswance oolic~ss Men i~ (oreo sl~~ll oass to ~Ae pwcA~ser a psetee. s (A) Tu pe~(orw. cu~ly +r~tA ~ad •b~de by eacA ~ad evsrY ~he stip~lat~ons. a~rte~eau. toadit~ons anA coren•n~. ~n .•~d piom~.:ory ; au~e aad ia th~s deeJ set fatA. ~ (i 1 That any ot s~id sw~ of nw~eY here~a refened to be not pro~p~lY and (u11Y O~~d w~tA~n (~hren daY, n~~~ atu~ ~ iAe sase seve~ally beco~es due aad psY~~le.a~ if each and every tAe sUpulations, ~~reeweets, comi~~~a?s and covenants ot said prwn~a- ~ sory note aad th~s deed. a euher. ~re nat fully pertor~ed. coepl~ed +ri~A aad ~b~ded by. ~he .a~d akre~a~e sum a~en~~uneJ tn s~~d p~owissaY note shall eeco~e due and psYaple for~hv~~h a there~tte~ at the oplioa ot tbe Mat~a~ee as (ully and cospletely as if the ~ said as~eple su~ ot said ptasissay note r~s ot~~~nslly stipulated to be paid aa sucA d~Y. anyth~na ie sa~d prae~saory no~e o~ Aere?n to the cmt~uy notrritAstandia~. (j) Th~t IO Ofdlf !O iCCtlCtatt lAC WlYflly OI W! indeptedness hereby secured. secauae o( the fa~lure of tAe Ma~~a~w io pay any taa, asseasseat, I~ab~lity. obli~~tioe or encum~snce upon said property, as he~eia p~ovided. it shall not be neces~ary or requ~s~te tAat ~he ~ mortsssee sAall first pay the sa~e. . ~ 2. The Mott6a~ee may. at his option. and without waivin~ his ri~ht to accelerate the indebtedness hereby ~ secured and to foreclose the same, pay eithe~ before or aftet delinquency any ot all of those certain obligations ° required by the terms hereo[ to be paid by the MoctgaEor for the pcotection of the mortgage security or for the col- lectiun of the indebtedness I~ereby secured. All sums so advanced or paid by the Mort6ajee shall be charged into the mortgaae account and become an inte~ral part thereof. subject in all respects to the terms. conditions, and ~ covenants of the aforesaid promissocy ~ote, and this mottgage, as [ully and to the same extent as though a part ~ of the ori~inal indebtedness evidenccd by said note and secured by this mortsage, excepting however. that said 2 sums shall be cepaid the Morisatae forthwith upon its demand and be in addition to tha regular monthly install- ~ ments provided by the matga6e note. 3. That the abstract or abstracts of title coverin~ the mort~a=ed property shall at all times, durins the life o~ this mortgage. remain in possession of the Mottgagee and in eveat of the foreclosure of this mortgaEe. or other uansfer o[ title to the mort`aged property in extin~uishment ot the indebtedness secured hereby, all right, title and interest of the Mongaaor in and to any such sbstracts of title shall pass to the purchaser or.grantee. 4. To the extent of the indebtedness o[ the Mortsagor to the Mottsaaee desccibed herein or secured hereby, ' the Mortga6ee is hereby subroaated to the lien or liens and to ihe ri~hts o! the owners and holders thereof oi each ~ and every mortgaae, lien or other incumbrance on the land described herein wrhich is paid and!oi satisfied, in ~ whole a in part, out of the proceeds of the loan desctibed ~herein ot secured hereby. and the respective liens of ~ said mortEages, liens. or other iacumbrances, shall be and the same and each of them heteby is preserv~d and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedness to tfie Mortgagee herein described or hereby secured, to the sart~e extent that it would have been preserved and would have been passed to and been held by the Alortsagee had it been duly and ce6ularly assi~ned, trans[ened, set over, and delivered unto the hlort- `agee by separate deed of assi6nment, notwithstandin6 _the fact thst 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 recotdinE of this mortsa`e. ~ 5. In the event the ownership of the mortsa6ed pte~nises. ot any part thereof, becomas-vested-in a person ~ other than the Mortga~or. the Nort~a6ee may. without notice to the Mortgasot, deal with such successor or suc- ~ cessors in interest v?ith reference to tl~is deed and the debt hereby secured. in the same manner as with the Mort- ~a`ot without in any way vitisting or dischusin6 the ~~aaaor's liability heteunder ar upon the debt hereby - secured. No sale of the premises hereby mortEa`ed and no Eotbeuance on the put of the Mortgaaee, and no ex- tension of the time for the Payment of the debt hereby secured `iven by the Mortga`ee shall operate to release, discharae, modi[y, chan6e or aftect the ori~inal liability. ot the Mottss6or herein eithet in whole or in part. 6. The lien of this deed secures and shall continue to secure psyment of said indebtedness or indebted- ness, however evidenced. whother by said promissory note or~ ~~r~Nt~N~~r~o~~~~ I' for. or otherwise. until all such indebtedness shall have beer~~~ j=~~~ ~ 1 7. ln lhe event the mortgagors sell, convey or transjer the ortga ~~ereM~st~ dvr ~n -te e o thi ? j gage, thtn this mortgage shcll, at the option oJ the Mortgage~~~~~ilA1!l~t~~~f1E~ le~t~ ; Jul! sum oJ lhe p?incipal balance and interest lhen due. ~y~ ~~N'tj~M ~ ~ 8. The terms."Mort`asor" and "Mort~aaee" whenev~~~sl~nt shall include the heirs, E personal representatives. successors and assians of the re ~ p e Wherever u3ed the. sin6ular ~ : number shall include the plutal and the plural the singutsr, and the use of any `ender shall include a{1 genders. ~ ~ > ~ ~ : S ned. se d a d ~vere in the presence of: (Seap FILLO AND RECOROEQ' ~s~e~1 € ` ~~zCO~(; VERl~IFD - . ~ ~~854 STATE OF RLORIDA ~TO A(~G s PM I. 36 COUNTY OF O~ ss ~ p : ~ s Befo3T~ pLUo a y appeared JOHN D. DAVI3~ an unmet~~F~'ift$ITR~S ~ ~ ~ to me well Icnovm ar?d known to me to be the individuals described in and Ci.~~~i~~~Tf~e~~J ~~ins~tq~aent. ~ end .acknowled~ed be(ore me that they esecuted the same for the purposes therein expressed. WITNESS Ff!IfYntl~+~.,,, ~ and official seal in the County and State last afaesaid this lbth day Ot JU131~ 19~,`~~`~Y~'~''::y'~~'? ~ . ~T,n, ~ - ~ : _'f::.K.~ • • . . • . ~ _ • _ ;~;j~~ ~ - _ ~ •~1r: ~ • . , l " ~ • = ~ G . ; , . ~ Ny C«nmission Eapires: ~7~1A 30~ ls~l~ Notuy Public. ~tate o ~ 1~n j' ~ ~ ••..r . ~ . ' w4 1. . ~ , bGRK 10U PRGE