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HomeMy WebLinkAbout1691 ! ~ • . i i Our tils 5-24,?~ ~ ty[ ~ata~~e a othe~ tnna(er ot ~~tle to the eartq~cd property ~n eauuju~ahmeat ol the ~ndebtedness securcd Aereby, aU n~ht; ~ule ~nd ie~e~est at tAe Ma~t~ia~ ~n and to any ~aaw~nce polieies then io (orce sh~ll pass to the purchaser a~rantee. (A) To pe~torw. cosply ~itA ~nd aDide by each ~od every ~he s~~pula~ions. ~~reemeats. coe~dit~ons and coven~nts ~o s~~d p~an~sswy note ~ad in thi~ deed set falh. (i1 TA~t it ~ey of said aums ot moaey hereia re(etted to be no1 promp~ly ~nd (ully paid rith~n ti(teen days neat a(ter the saae sever~lly eocomea due and pay~ple. or i( eacA ~ed every the stipul~tions, a~~eements. condNions and coven~~ts o( said praa~s- sory oote aad tAis deed. or either, are not fully perto~med. complied ~ritA and abided by, the sa~d akrepte sum meatioaed io said praaissory note slull becowe due a~?d payable forthviU~ a thereatte~ at tAe option o( lAe Matls~~ee as tully and coa~pletely as if the said a{{re~~te swa o[ s~id p~omisso~y note ~r~s ori~~nally stipulated to be paid on sucA d~y. anytbin~ ia said promissory oote or he~ein to tAe coalruy notwitdstandia~. (j) That in order to ~cceler~te tAe arturity ot tbe indeptedeess Aereby secured. becawe ot the fa~lure of tAe Mo~t~~~ar to pay ~ny ta:, assessment~ lisbilily, oblie~tion a encuabrance upon eaid property, aa hereia provided, it shall not be aecesc~ry or requisi~t thst the ~eats~aee ahall first psy the same. 2. The Mortaagee may. at his option, and without waivint his cight to accelerete the indebtedness hereby secured and to foreclose the same. pay either before or after delinquency any or all ot those certain oblisations required by the terms hereof to be peid by the Mortgagor fo~ the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortsagee shall be charged into the mott~age account and become an inte~ral patt ihereof, subject in all tespects to the terms, conditions, and covenants of the afwesaid promissory note, and this mortgaae, as fully and to the sama extent as thou~h a put of the orisi~al indebtedness evidenced by said note .and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the resulu monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortaaged property shall at all times, durind the lite of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other ua~sfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all ritht. title and i~terest of the Mortgagor in and to any such abstracts of title shail pass to the purchaser ot srantee. 4. To the extent o[ ihe indebtedness of the Mort~asor to the Mottgagee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof~of each and every mortgage. lien or other incwnbrance on the Iand described herein which is paid and/ar satisiied. in whole or in part, out of the proceeds of the loan described herein or secured hereby, aad the respective liens of said mortsages, liens or other incumbrances, shall be and the same and each of them hereby is preserved snd shall pass to and be held by the Mortgagee herein-as security for the ~indebtedness to the Mortgaaee herein described ~ or hereby secured. to the same extent that it would have been preserved and would have been passed to and been held by the A1ort`agee had it been duly and resularly assigned, transfened, set over, and delivered unto the Morl- sagee by separate deed of assignment, notwithstanding the fact that the sart~e may be satisfied and cancelled of recad, it being the intention of the patties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mortsase. S. ln the event the ownership o[ the mortgaged premises, or any part thereof, becanes vested in a person other than the Mortgagor. the Nortgagee may, without notice to the Mortgasor. deal with such successor or suc- cessors in interest with-reference to this deeZ and the debt hereby secuced, in the same manner as with the Mort- . gasor without in any way vitiating or discharging the Mortga6or's liability hereundet or upon the debt hereby secured. No sale of the premises hereby mortga6ed and no focbearance on the patt of the Mottgasee, and no ex- - tension of the time for the payment of thc debt hereby secured siven by the Mortgagee shall operate to release, . dischar6e, modity, change or affect the original liability of the Mottgagor 6erein either in whoie or in put. 6. T6e lien of ihis deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said ptomissory note or a e~al~~~e~r~~~~ . for, or otherwise, until a1l such indebtedness shall have been f~ ~i ° 7~, ~ 7. (n the event the mortgago~s sell, convey or transJer ~~Or~~pd~iAi~~ ~ t't~ ~fi~~S`d!b?'!~' f ~ gage, then this niortgage sholl, at the oplion oj the bio~tgagee ~~re1i+~~,b~ec~* i~j~(~/J~~¢ j~y~q~, Jal1~~ ` Jull swn oj the prirtcipa~ balance and interest then due. . r ~ 8. The tenns "Mortgaaor" and "Mortgagee" whenever~et~~~''t~?f~ ~(('~~~m~~i ~I~~l~he Teirs~ ' personaf representatives, successors and assigns o[ the res~~e~a~s~herever used the singular , number shall include the plural and the plural the singular, and the use of any gender hall include all genders. - . Sisn , sesle e d in e presence of: aD - (Seal) ~ ~OCER POITRA~ CLERK~ CIRCpIT ~ECaw~r~++~o- - - 2015~'$ STATE OF PLORIDA ~ ~ ~ ~ COUNTY OF ~ ss ~ ~ s~. zvca ~i z,ov a~a ~oa~,a, ,~~iea ~o~, e[ote me petsonally appeared ta~er~ ~110MII ie ~RT to me well known and known to me to be the individua s deactibed in and who executed the fore~oina instrument, and acknowledsed before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand and otficial seal in the County and State last aforesaid this 12r OZ AO ~ ~ . `y _ r ' t ~ly Canmission Expires: JU~ 1Q,7~_ Notary Public, S i' ~ • ~ ` ~ F 1 ' $ ~ . . , A Y ! • , ~ , ! ~ t; ' ~ r~. O R , ' ~~~I~tl Oue ~~~t~~~ 600K~~8 PJICEIV~~ ~ ~ . . . ~ ~ - . . - ~ :y ti - - - - , ~ } ~~C^~S`E/df.~+~ .