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Home My WebLink About1096 ~ ~ . ~ . our Zile 5-20,94? Uus wat~~~e a whe~ u~wafc~ of ~~tle to ~he ~ort~a{ed pope~ty Ip t~t1AjY1~IWlAt ol lAe ~ndcotedness secwed AerebY. all ~~~A~. t~tle aud ~n~erest o( tAe Ma~~Kor i~ and ~o aeY ~asw~aca oolic~es then ~e torce sh~ll ass to ~Ae purcA~se~ a{raatee. (A) To ptrfa~, coiaPlr ~~M aad ~b~de sy eacA aed eve~y We supulat~ms, a~esseats. cad~~~ons aed coren~nts ~n sa~d pran~sawy aote aad i~ tA~s deed set torW. (~1 TAat i( anr of s~id aws d soney Aere~e ~stened to be aot pro~ptiy aed (ully Pa~d ~uA~n t~(tern da~a ne~~ a1te~ tAe s~se severally eeco~es dre aad p~yable,a if eicA aad eve~y the stip~latioas, a~~eemea~s, con3~uoas and coven~nts of ssni prom~s. aay aote ~ad tAis deed. o~ eitAer, ue not tully peri«wed. eosplrcd ~riU~ aad ab~ded py, the sa~d akre~aec sum isenuoned m xa~d pro~~ssaY aote sAall beca~e due and paYasle torU~~itA « tAue~tter at We opuon ot ~be 111ort~a~ee as (uUy and co~pletely as if ehe said aqre~ate suw of s~id ~omisaorY aote ~rss ons~naliy supul~ted to be p~id an such day. anytA?a~ ~a said praaissory noie or herein to tAe ta?tnrY potvitAstasdin~. (j ) 71~at ia ordcr to accelu~te the ortw~ty ot the ir+deptedaess bereby secured. Eecawe o( the (a~lure of tAe 61at~a~a ~o pay sey ua, assesa~eat. liab~lity, opli~stion or encumbrance upon said property, as Aerein prorided. it shall not be eecescary a requ~site that ~he sortp,see sAall t~rs~ p~y tbe sa~e. 2. The Moct`aaee may. at his option. and without waivina his tisht to acceletate the indebtedness hereby secured ar~d to foreclos~ the same. pay either befon or after delinquancy any or all of those certain oblitations recryircd by the terms hereof to be paid by the Mortaasor for the protection ot 1he mortga`e security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgasee shall he charsed into ~ the mort`age sccount and become an inte~ral put thereof. subject in all respects to the terms, conditions; and covenants of the aforesaid prvmissory note, and this moctgage, as fuily and to the same extent as thouah a part of the ori~inal indebtedness evidenced by said note and securcd by this mortsa6e, excepting however. that said sums shall be repaid the Mortaa`ee forthwith upon its demand aad be in addition to the regulac monthly install- ments provided by the mottgaae note. ~ 3. That the abstract or abstracts of titte coverins the mortgaaed property ahall at all times, during the life of this mottga6e. r~main in possession ot the Mortgagee and in event of the foceclosure of this mortgage or other transfer of title to the mottgased propeny in extia~uishment ot t6e indebtedness secuced hereby. all ri~ht. title and interest of the Mortaa`or in and to any such abst~acts of title sball pass to the putchaser or grantee. 4. To the extent ot the indebtedness of the Murtga~or to the Mortgagee described herein or seciired hereby, the Mort6atee is hereby subroaated to tbe lien or liens and to the ri6hts of the owners and holders thereof of each and every mort~age, liea 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 described herein or secured hereby. aad th~ respective liens of said mortaages. liens or other incambrances. shall be and the same and each of them hereby is preserved and shall pass to and be held by t6e Mortaasee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it ~roald have been preserved and would have been passed to and been held by the Mortsaaee had it been duly and cegularly assisned, transfened, set over, and delivered uato the Mort- 6agee by separate deed of assiaoment, DOtrYI[I1St8[IdIRs lI1C fact that the same may be satisfied and cancelled of record, it being the intention o( tlie pariies'hereto thst the same will be satisfied and cancefled of record by the holders thereof at or about the time of the recordina of this mottsase. S. In the event the owners6ip of the rtwrtsaEed preEnises, ar any part thereof. becomes vested in ~a person othet than the Matgaaor. the MortaaEee may, without notice to the ~Mortgagor. deal with such successor or suc- cessors in interest with reference to this deeci and the debt hereby secured, in the same manner as with the Mort- ~ gaaor without in any way vitiatina or dischuain6 the Mortaagor's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no [orbeannce oa the put of the Mortgagee, and no ez- tension of the time for the payment of the debt hereby secured given by the Mortgasee shall operate to release. discharse. modify. chanse pr affect the otiginal liability of the Mortga~or herein either in whole or in part. 6. The lien o[ this deed secures and shall continue to secure payment of said indebtedness or indebted- I ness. however evidenced,~whether by said promissory note or any renewal a extension theteof or substitute there- ~ for, or otherwise. until all such indebtedness shall have been fully paid. ~ 7. In ~he even~ the rnoitgagors sell, convey o~ hensjer the ~nortgaged preniises during the lije oJ this n~ort- : gage, then this mortgage shafl. at the optioa oJ the Mortgagee herein, becon~e irn~nediately due and payable jor the jutl swn oJ the principal balance and intertst then due. 8. The terms "Mortaasor" and "Mort6agee" whenever used in this instn~ment shall include the heirs. ~ pasonal repsesentatives. successors and assigns of the respective pacties hereto. Wherever used the singular [ nwnber shall include the plural and the plural the sinEular, and the use of any gendtr shall inclode all genders. ~ ~ i ? ~ Sis d. seale iv e t6e esence of: SeaU ~ t.`~i0„~~~~Q'~,(d.~,~ (SeaU f~.E a AND RE 2U3Q~;, ; • ~t4tfR P~at~'RA~ t STATE OF FLORIDA ~C~ M~ ~ g COUNTY OF~ ss ~ ~e-iore me~per~sonafly aPPeared MZI:I.a'~GE ~C~~I~~a~ II,i~F~ED COI,I~INS, his wife. to me well known and knoam to me to be the individuals described in and w~o executed the foresoing instrument, ~ and acknowledsed before me that they executed the same for the purposes therein expressed. WITNE$$ my hand ~ and official seal in the Couniy and State last afotesaid this 22nd Day Of ?'eeember, Z~N~N . ~1~•YG; r. 1~ ~ : . • ';r ~ - r~ ~ ~ _ ~~t ~ ~ty Canmission Ezpires: JUIIe 30. 1971 Notary Poblic. State ot Flor ~ ~ ji~~ ~ • , ~ ` ; ~ . ~!'''`k~~ , ~~Y~`+;: . a ~ IJlt~~fy;..} S~ 189 PACE ~U93 ~ ~ . ~ y . - . . ~ ~y L it s,~ at . C : ~ ~ '"v '~i5_'~'?~ `~~~~~F~f~~~~'~S3x . _ _ _ ' _