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Home My WebLink About0188 t ~ our iile 5-20,8~4 ' ' th~s ao~~~~~e a utAer taeata oI uUe to the mwt~a~ed puperty ~n eaUn~uuAmem ui tAe mdeb~edness secweJ Aeceby, all ~~~h~, t~~ic aed ~ete~est of the Mort~~{w ~n and to ~ny ~nsurance p~lic~es ~Arn ~n (orce sAsll pase to the purchaaer w pan~ee. (h) To perfam, caoply rr~th and ab~de by each and every the at~pulat~ons, a~reements, cond~uons and covenants ~n sa~d pran~.so~y nole and in th~s deed set fath. - (i ) Thal if any of said suma oI money herein re(eried to be not promp~lY and tully pa~d ~~thin (~(lern Jsy~ neat atter the s~me sevetally becomes due and payselt,a i(e~ch and eve~y lhe slipul~t~ons, sereemtntc, candit~ons and covenants of ca~J promia- say note and th~a decd. w e~tAer, ~re not fully per(ormed, complied ~rith and ab~ded by, the ~a~d assre`ate sum ment~oned ~n sa~d pom~ssay note sAall pecome due and paY~ble (arthw~th or iherea(ter at the opt~on of the Alort~a~ee as (ully and completely as i( ~he r said aiste~ate sum o( said ptaeissory.note rras or~s~nally stipulated to be paid on sucA day, anyihins io said praaissory note or here~n to the comrary notWithst~ndin~. ) That in wder to accelerate tAe mawnty o( the indeDtedness hereby secured. because of the (ulure o( the Mortea~or ta pay any taa, assessment, liability, obli~atian or encumbrance upon sa~d p~operty, as her~in provided, ~t chall not be necec:ary or requ~site tha~ the matsa~ee shall tirct pay the same. 2. The Mortgagee may, a1 his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay eithet before or a[ter delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor tor the protection o[ the mortgage security or for the col- ' ; lectio~ of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into ~ the mortgage account and become a~ integral part thereof, subject in all respects to the terms, conditions. and covenants of the a[oresaid promissory note, and this mortgage, as [ully and to the same extent as though a part o[ the ori6ina! indebtedness evidenced by said note and secured by this rt?ortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulaz monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the li[e of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secnred hereby, alt right. title and interest of the Mortgagor in and to any such abstracts of title shali pass to the purchaser or grantee. 4. To the extent o[ the indebtedness of the Mortg~gor to the Mortgagee described herein or secured hereby. the hlortgagee 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 incumbrance on the land described herein which is paid and/or satisfied, in whole oc in part, aut of the proceeds•of the loan desctibed herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and ~e held by the Mortgagee herein as security for the indebtedness to the Mortgagee 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 Alortgagee had it been duly and regularly assigned. transferred, set over. and delivered unto the Mort- gagee by separate deed ot assignment. notwithstanding 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. In the event the ownership oC the mortgaged premis~s, or any part thereof. becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- ~ cessors in interest with reference to ihis dee~ and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's liability fiereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt ot the Mortgagee. and no ex- f tension of the time for the payment of the debt hereby secored given by the Mortgagee shall operate to release, discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment af 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. s 7. /n the event the mortgago?s sell, convey or transjer the mortgaged premises during the liJe oj this mort- gage, then this mor~gage shall, at the option oj the Afo~tgagee herein, become immediately~ due and payabte jor the jul! sum oj the principa! 6alance ard interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this insttument shall include the heirs, ~ pasonal representatives, successots and assigns of the respective parties hereto. Whesever used the singulat ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Si d, seal a vere ~n the presence of_ ~ (Seal) s (SeaU ~ ~ ~ ~ ~ STATE OF FLORIDA I ~ . ~ COUNTY OF ~ ~ ss Before meCpler~sonally appeare~ SII~VESTER C~P~, ~oC~ 8~S~VW~S`~'Fe,R COP~Lt1ND , ~ to me well known and known to me to be the individua~s descr~ e~n a- nd-who execu~'t`e~t ~ foregomg ~nstrument. ~ ~ and acknowledged before me that they executed the same for the purposes thetein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 121b Da~ Of DCC@ID r, 19'70 ~ ~ U ~ , . h t~` ~ - l ~ ~Sy Commission Expires: s7L1IIe 30,~ 1~71 Niotary Public, s orid ~ry~ f~~ '-~a. '`t~'p . ~ I lE0 AMD P. p p p ~ ~ 9,8 j~r_'; ; = . _ lNC1[ ~OUNTY FIA. ~ ~ - : . . ~ . ~ , ~ £ V~t+;' ~ ~ Il00EP. PO~TRAS ~ ~Ji y ~ ' j ~ CIERIt CIRCMIT C ' RtQ0110 vER~F1ED s ry~~ b 1`~ . } Z 7~ ° 202 . s- ~a~,,,~-~~ 44~ s,,' .,1~ : _ ~ Z~ 26 ~ ~~0 p R ~ ~y'~•.b 't''~~;.~•`''~ ~ ~ eooK189 P~cE 1$8 ~ - ~ - ~ ' * , ~ ,r~ - ~u =~s ~"~-n'~,;T~~.' ,_~._.y-.'.~"'°~;za.a~s ~.....~c . ~ < -