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Home My WebLink About0202 . ~ ~ our rile 5-20,592 ' tA~• sa~~~~e or oMe~ lnes(tr of ~i~le to ~As m«~a.~ea oropsr~y ~a ~~t~n~u~sMmnt o( tAe ~ndebtedness secwed Acreby, all ~~~Ai. ~~ile ~ ~nd intuest ol tA~ Mortµ~w ia aed to ~ey ~nsw~nce polic~es ~Aea ~a force sh~ll p~ss to IM pwcA~sa w tr~n~ee. ~ (A1 To oe~(orn~. cosplY ~ud ~b~de Sy eacA ~~d •vtry tAe ¦~~pul~t~ons. ~~reeroenu. cond~uons •ad toveeanlx ~o ..id pr,wr.~..~,ry note ~nd ia thu dced set tatA. (i1 TAat i( ~nr ot s~id auas o( a~oney hete~n retened to be no~ p~ompUY and tu11Y Oud ~uAio f~(~ern da). o.~~ rn.~ tAe sase sever~llY becowei due and oaYable~a ~t each aad every the ilipul~uoas, ~~~eements, corwf~lions ~nd covenan~s of .a~J promi.- say no~e ~nd tAis desd. w e~tAcr, ue aot fully pe~torsed, eosPlied rltA and aeided by, ~he aa~J aurep~e swn men~~oeeJ ~n .+~d paeisaory note sAall Secose due snd p~Yable ta~A~ith o~ thero~tter tAe optiun OI IAO ~AO~I~aeCt ~1 ~YIIy ifld CJplpilltly ac ih~ a~~d a~~e~ate swe of i~id p~om~ssay note +r~s on~~n~lly supul~ied ~o be pud m sucA d~y. snythm~ ~n s~~d prom~asar~• note or Ae~e~n ~ to lhe contruY ~ot~ritAst~ndia~. ~ TAN m ordet to aceeletate the artw~tY of tAe ~ndebledoesi Aereby securod. sec~use ot the (a~lure o( ~he Mor~~a~~~~ w pay ifly IJR. assessment, Iup~litY. obliption or encwnErance upoe s~~d prope~ty, as Aetein ~vor~ded. ~t sh~ll oot be aecea.ary ix reQu~n~~e thai ~h.• i nxx~~~~ee sAall hrst p~y the aune. 3. The Mott~a`ee may. at his option. and without waivin` his right to accelerate the indebtednecs hereby secured and to foreclose the same. pay either betore or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortga~or for the protection a( the mortRa~e security or for the cot- Irction of the indebtedness hereby secured. All sums so advanced o~ paid by the Mort~s`ee shall be cha~ged into 4 the mortsage account and become an intearal part thereof. subject in all respects to the termc, conditions, and ~ covenants of the aforesaid promissory ~ote, and this mortgage, as fully and to the same extent as thoueh a part of the otiginal indebtedness evidenced by said note and secured by this moryage. exceptin~ however, that caid sums shall be repaid the Mortsa~ee forthwith upo~ its demand and be in addition to the re`ular monthly install- ments provided by the mort~a`e note. 3. That the abstract or absiracts of title coverin= the mort6a~ed property shall at all times. during the life of this mortgage, remain in possessior? of the Mortgagee and in event of the foreciosure of this morigage or othcr 'transfer of title to the mortga~ed property in exlin`uishment of the indebtcdness secured hereby, all right. title and irtterest of the Nottgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent ot the indebtedness o[ the Mort`a~or to the Mottgagee described herein or secuied hereby, the Alottgagee is hereby subro~ated to the litn or liens and to the ri~hts of the owners and holders thereof oi each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied. in whole a in part, out of the proceeds of the loan desctibed herein ot secuted hereby. and the tespective liens of said mortgages, liens or other incumbrances, shall be and the sune snd each of them 6ereby is preserved and shall pass to and be held by ihe tilortgagee herein as security for the indebtedness to the Mortgagee herein deacribed or hereby secured, to the same extent that it would have been pteserved and ~ould have been passed to aod been held by the Mortsagee had it been duly and regularly assigned, uansferred, set over, and delivered unto the Mort- gaaee by separate deed of assignment, notwithstandins the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satis(iod and cancelled of record by the holders thereof at ~?r about the time of the recordin` of this mottgage. 5. ln the event the ownership of the mortgased premises. or any part thereof. becomes vested in a person other than the Mortgagor. the Nortgagee mey. without notice to the Moctga~or, deal with such successor or suc- cessors in interest w•ith reference to this deed and the debt hereby secured, in the same manner as with the Nort- gasot without in any way vitiating or dischargina the Mortgagor's liability heteundet or upon the debt hereby securod. No sale of the premises hereby mortgaged and no forbearance on the part of the !Nortgagee. and no ex- ; tension of the time for the payment of the ~ debt hereby secured given by the Mortgagee shall operate to release, ~ ; dischatae, modify. chan6e or affect the original liability of the Mortgasot herein either in whole or inpart. ' 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- j ness, however evidenced, whether by said promisswy 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 ~he mortgogo?s sell, convey o? transjer 1he inortgoged prernises during the liJe oj this mort- RaRe. Ihen this mortgage shaf:. at tbe option oj the Atortgagee hereis. 6econre immediately due and payable jor the E jull swn oj the principal balance and inlerest then due. 8. The tetms "Mortgagoi ' and "Mottgagee" whenever used in this instrument shall include the heirs, personal representatives, successors artd assigns of the respective parties hereto. VYherever used the s~ngular number shall inctude the plural and the plural the singular, and th~ use of any gender shall include all genders. Sig d, seal iv ed i the pr ence of: ,~1-'~ - ~ (Seal) ~ , . ~ ~L~e~I (Seall ~ ; STATE OF FLORtDA - COUNTY O~ ss - ~ Besore mT'epeCso~~nally appeared JOHN D. OLIV~ and LII+I,I~~Y OI,IYER! his ~?ife ~ to me well knovm and known to me to be the irdividuals described in and who executed the foresoins instrument, ~ and scknowled~ed before me that they executed the same (or the p~uposes therein expresaed. WITt~j~ my hand ~ and off~cial seal in the County and State last aforesaid this 22nd da~y of Oetober, l.~j • ~ ~ ~ . _ • : 3~ y ~1y Commission Expires: JLlrie G No~ary Publ~ dta~ _ ~t L f lED Af10 REC~I,~ i~c,~` S a~ : f~ IiC1E N~' ~ = J • = . ~E ? ~t a t y~~~,,;~s OLEIIK CIRC{IIT COW~T ~ • ' ~ RECOIlO YEaIF1ED~ ' ~ i~'~` . : . ~ . y~,1~ ,;n~.~,:~,;. ~ 5 2 Z . .,f' ,it.IH't~.,t J. • ~ 2005~2 ~~c ~ 2Qz . t . s..~ _ _