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Home My WebLink About1086 ~ Our file 5-21,380 th~s mw~ra~c w o~hr~ ~rans(rr of htlc lu ~Ae mort~~~ed poper~y m taun~wshment ul the ~ndebtednesa ~eawcd he~eby, •11 n~h~, utle anJ ~n~e~es1 u( the Afwt~a~w m~nd tu ~ny m.wance pol~c~es ~hen m twce sMll psss to the pwch~ser w ~~~mee. lA) Tu pe~l~rm, c~rnply ~r~th and ab~Je by eacA and every tAe aupulaums, a~reements, condit~ons and coveo~n~s ~n sa~d prumnsory nu~a anJ ~n iA~s derJ ~rt (wth. i 1 That d any o( aa~d suma of money' Ae~em ~e(enrd to be not ptaapUy amf tut1Y Daid w~~A~n (~(tcen days ne?t atur - tAe samt seve~ally Decomes due and payable, ~x tacA and eve~y the st~pulat~ons, a~~etments, cunJ~UUns and co~enan~s o( sa~J promi~• ; .ary no~c and tA~x dced, ur e~ther, •re nut tully pe~farmed, caepl~ed W~M and ab~ded by, ~Ae .a~d a«re~a~e awe menuoncd ~n vud ~ prum~.a~x~ note sAall become due aM1 paY~blt fo~tA~~1A M lhereafter at IAe opUm ot IAe Alat~a~ee as (ully and complelel~ as it the sa~d a~~reqlt swu o( said pams~wY note w~s or~~~nally supulated to be pa~d on sucA d~y, anyehms m s~~d pramsswY note w here~n t~. lhe contr~iy now~~Ast~nd~n~. 1 That m wder ~o accelerate the ma~ur~~y of ~he indebtedness AereAy secured, becwse o1 tAe ta~lure o( ~Ae Ma~~s~ur to Da>' a^y ~a;• •s.e~sment, f~ab~l~ty, obl~sauoe a encum~rance up~w+ satd praper~y, as Aerein prov~ded, u shall not be neces~ary a requ~sue thal the m~x~~a~ee cAall fust pay the same. 2. The \lottgagee may, at his optiun, and without waivin~ his tight to acceietate the indebtedness hereby secured anJ t~~ foreclose the same, pay either before or a[ter delinquency any or sil of those ce~tain obligations ~ required by the terms hereof to be paid by the hlortgagor for the protection of the mortga~e security or for the col- lectian of the indebtedness hereby secured. All sums sa advanced or paid by the Mortgagee shall be charsed into the nx~rtgage ac~onnl and become an integtal patt thereof. subject in all respects to the tetms, conditions, and r~~vtnants o( tht aforesaid prumissury note, and this mottgage. as fully and to the same exte~t as thou`h a part ! of the original in~lebtedness evidenced by said note and secured by this mortgaga, exceptina howevec. that said ~ sums shall be repaid the Martgagee (orthwith upon its demand and be in addition to the regular monthly install- { ments provided by the mortgage note. 1 3. That the abstract .~r absuacts o( title covering the mortgaaed property shall at all t9mes. during the life of this mottgag~, remain in possession of the Alottgagee ar~d in event of the foreclosute of this mortgaae or other transfer of title to the mortgaged property in extin~uishment o( the indebtedness secured hereby, all right. title and ~nterest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser ot srantee. 4. To the e~tent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the Rlortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders thereof ot each and every mortgage, lien or other incumbrance on the land described herein which is paid and~or satisfied. in whola or in part, out of the proc~eds of the loan described herein or secured heceby, and the respective liens of said m.~rtgages, liens or other incumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and be held by the Nottgagee herein as security for the indebtedness to the Mortgagee herein described or herzh~~ secured, to the sam~ extent that it would have been pteserved and would have been passed to and been held by the V.~rtgagee had it been duly and cegularly assigned. transCened. set over, and delivered unto the Mort- gagee by separatr deed of assignment, notwithstanding the fact that tht same may be satis[ied and cancelled of tecotd, it being the intention of the parties hereto that the same will be satisfied and cancelled of tecord by the holders thereo( at ~~r about the time of the recording of this mortsage. 5. In the event the ownership of the mortgaged ptemises, or any part thereof, becomes vested in a petson other than the ~lortgagor. the ~lortgagee may, without notice to the !~lottgagor, deal with such successot ot suc- cessors in interest K~ith teference to this deed and the debt heteby secured. in the same manner as with the Mort- gagor w~thout in any way vitiating or discharging the Mortgagor's liability hereundet or upon the debt hereby secured. No sale of the premises heteby mortgaged and no forbestancc on the part of the Moctgagee. and no ex- t~nsiun of the timt for the payment of the debt hereby secured given by the 141ortgagee shall operate to release, 'i discharge, modify, change or affect the original liability of the Mottgagor hetein either in whole ot in part. 6. The I~en of this deed secures and shalt continue to secure payment of said indebtedness or indebted- ness, however evidenced, wh~ther by said promissory note or any renewal or extension thereof or substitute there- for, or otherw~se, unt~l all such indebtedness shall have bten fully paid. 7. /n the e~•ent the mor~gagors sell, convey or transjer the moilgaged premises during the liJe oj this mort- ~ Kage, then th~s mor~gage shotl, at the option of ~he Afortgagee herein, beconee inunediately due and payab/e jo~ the ; Jull sum oJ the pnncipal balance ond inteiest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular ~ numt+er shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ + ~ ~ S~gne sealed d e r ~ the presence of: ~~~/~~(e'!~ ~ ~ ' lif (Sea!) r ~ ?1LE0 ~N9 RECOAOE• ~ :T.l1iCIE COUMTY fLA. (SeaU ~ ~ CtERK CIRCUIT COURT ~ ~ RECORD VERtf1E0 ; 1 2os94s ~ STATE OF FLORIDA I ~R ' 9 S4 ~H ~ 1 I Y p ~g~ ` ss ~ ~ ~ ~~Y L~J~Z~ 1 Before me personally appeared NATNAN STEWART, afl unmarried man = to me well knowo and known to me to be the individuals described in and who executed the foreaoin~ insuument. ~ ' - and acknowiedged before me that they executed the same for the purposes thetein txpressed. WITNESS my hand ~ and off~c~al seal ~n the County and State last aforesaid this Z~tl'1 DAy of Mareh~ 1971 - ``~~~~~~~~~u~~,,,~~.. . ~ ` ~V(!1~,,~, ~ ~ ? _ ~ . - _ r_ , ~ . - • ry ~ ~ty C~rnm~ssion Expites: une 1971 Notary Public, State of FlOt _ : . _ , t , ~ . ; ~ ~s . ~ . • - - . . . . s~ = aoo~ i91 1084 ~ ~ ~ 4'~_ - - _ ~ r', , . . ~ . ~ir~ . . . . v.