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Home My WebLink About2463 Our f ile 5-21, 278 i t th~s mw~sa~e ~ a~her trans(er o( Utte to the monra~ed pto{u~t~ ~n e~t~n~waAmem o~ tAe inJebtednrss .t.urrd hcreb>, all nrAt, tiUe ~ •m1 ~me~est o( tAe No~t~a<<x ~n ~nd to ~ny m.wanie ~wl~cies then m farce shall pa.s to ~he pur.haser gun~ee. (Al To pe~l.rm. ~ocnply W~th and aMde h~ each and every tht st~pulat~ons, a4rczments. cunduiuns and ~u~enrmc in ..a~d pa..m~.~or> note am! ~n th~. deed set forth, (~l That i( any o( sa~d sums ol rtwncy he~ein relrrrrd ~o bc nut p~~.mp~l> and tu11Y pa~d ~ith~n i~hrrn da>. rtr~t rttr~ the s~me sevr~ally becomcs due and pa>aAle..x ~f eai~ •ad eve~) the shpulaUons, a~reemrnt., .und~Lun. a~J cc»cnrnt. of .~~d p~~.m~.- Yay note and tMs deed, o~ euAer, are not (u11Y pcrtormed. compl~ed ~uA and ~bided Ay, the .a~d aggrcgacc +um mrnuuncd m sa~d paa~:so~~ note shall become due and pavat+le fixihv,~th .x therea(trr at the opt~on ot the Vurtgirrc ac full~ rnd ~omplrtel)' a~ ~hc .a~d a~pe~ate sum o( said prom~ssury note Mas ong~nally ~upulated t.. be pa~d on such dyy. an~thm~ m s~~d ptum~ssur~ nute or he~~~n to tAe comrary not~uhst~ndms. 1 Trat m iwder to arcelerate the mawnty ut the ~ndebtedness hereby secwed, because u( tAc fa~lure o( the Alu~tga~or tu pa> rny ~..a, asst.sment, I~ab~Irty, ob1~~aUon .x en.umbunce up.x~ >a~d pr.~perty, a. hetein ptor~ded, ~t .hall not bt necr..a~y .x ~equis~~e tha~ thr mo~tsafee shaii hr.t pay the same. The \turtgag~e may, at his option, and withaut wa~ving his r~ght to accelerate thr indebtedness herebj~ serured and to forcclose the same, pay either before or after delinquancy any or aU of those certain obligations required by thr terms herr~~f tu be paid by the \lortgagor for the pratectio~ af the mortgage security or for the col- Itct~on ~~f th~ indebtedness hereby sacured. All sums so advanced ot paid by the ~lortgagee shall be charged into thz mortgagt arcount and become an integral part thereof, subject in all respects to the terms, conditions, and rovenants ot the aforrsaid ptom~ssury note, and this mortgage, as fully and to the same extent as though a part of the origioai irnlebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall bt repaid the t~iortgagee forthwith upon its demand and F?e in addition t~~ the regular monthly install- ments ptovided by the mottgage note. 3. That thr abstract oc abstracts of title covering the mortgaged property shall at all times, during the life of th~s m.~rtgage, rema~n in puss~ss~on o; the ~tortgagee and in event of the foreclosure of this mortgage or other tran.fer uf titlr to the mor~gaged property in extinguishment o( tfie indebtedness secured hereby~, all right, title and ~nterest of the \lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. To the extent of the indebtedness ot the M~irtgagor to the \lortgagee described herein or secured hereby, the 1lnrtgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and hold~rs thereof of each and every mortgage, I~en or other incumbrance on the land described herein which is paid and "ar satisfied. in w~holt or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens ur other incumbrances, shall be and the same and each of them hereby ~s preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described ~ or hereby se~ured, to thr same eitent that it Would have been preserved and wouid have beeo passed to and been ~ held by the \lortgagee had it been duty and regularly assigned, transferred, set ovet, and del~vered unta the ~tort- i gagee b}• separate deed of assignment, notw~ithstanding the fact that the same may be satisfied and cancelled of rccord, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders the~eof at or about the time of the recording of this mortgage. S. ln the e~•ent the ownership of the murtgaged premises, or any part thereaf, becomes vested ~n a person . ather than the ~lortgagor, the \tortgagre ma}. w•ithout notice to the \lottgagor, deal with such successor or suc- cessors in interest with reference to this deeu and the debt hereby secured, io the same manner as with the \tort- gagor Without ~n any way vitiaung or d~cchatging the !~lortgagor's liability hereunder or upon the debt hereb~~ stcured. No sale of the premises hereby murtgaged and no forbearance on the part of the Alortgagee, and no ex- ; tension of the Ume for the payment of the debt hereby secured given by the ~lortgagee shall operate to refease, discharge, modify, change or affect the orig~nal liability of the ~lortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and ~hall continue to secure payment of said indebtedness or indebted- ~ ness, hov?ever evidenced, whether b~~ said promisson note or any renewat or extension thereof or substitute there- ; F for, or otherw~se, until all such iodebtedness shall have been fully paid. ~ f 7. /n the erent the mortRaRo~s se(I, co?i~•e~~ or transjer Ihe mortgaged premises during the liJe oJ this rnort- ~ guQe. /hen thrs mortRage shvll, ar the option o( the :1to?tRaRee here~n, become emmediateJy due and payable Jor Ihe t full sum oJ the pi~ncrpal bafancP and in~eresl then due. ~ 8. The terms "~lortgagor" and "\lortgagee" whenever used in this instrument shall include the hcirs, 5 personal representat~ves, successars and assigns r.i the respective parties hereto. w'herever used the singular ' number shall ~nclude the plurai and the plural the s~ngular, and the use of any gender shall include all g~ndtrs. ~ ~ ~ ~VF~~~t:~%~ t-i- i Sig ed, seale d e•ere n the presence of: T~y (Seal) i ~ ~ C' 7 (SeaU ~ ~ ~ ~ ~ ~ ~ STATE OF FLORIDA I ~ COUNTY O~E~C~ T. Lu ~I,yIg DI%ON and I'LNDY GILBSRT DI7COg, his wife ~ Before me personally appeared - to me well known and known to me to be the ~ndividuals descr~bed in and who rxecuted the forego~ng instrument. ~ and acknowledged betorc me that thev exceuted the same f~~r the purposrti therein expressed. WITNESS m~~ h~nd ~ and of(~c~al seal in the ('~~unt} and State last afuresa~d thi. 27t'i21 D8~ oi Fsbl`1181'>> 19~ i ~r~uuu~r,,, ~ 205837 ` . ~ ~ /ILEO AMO RECOR ED ~10 Y, tT. Ro~N`rorr~~ JLlII6 3~, 1971 , ~~A Eapirrs: _ Nutary ( ublic, Statc _ - • ~ CIERK CIRCUIt COUIIt s ~ z- f . sfCOROYERIf1E0~.~ " ; ; • ~ M~u II I zafM'TI .y 1:.: - , ~r: ~ '~,~/J • . . ? • ~ ~ ~ U R ~'~,.,~,~in~N~r~`•.. _ ~ ~G yj' 6 , , ~~190 29~ ~ . _ - r~ _ _ _ -