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Home My WebLink About1980 . • ' . • - ; ~ Our file 5-21,487 ~h~~ mwtgeRr ~N othe~ trana(ci ~d I~tlc W ~hr muttra~ed poperly m e?Un~waAmcn~ ol l~e ~odeAtcdne+s .ecwrJ Ae~e~y. ail n~M, t~tle and ~n~ercst ot thc No~~rarw ~n and to ~ny m.wanre pul~c~es then ~n (ixce ahall {+aa~ to the pu~chuer o~ srentee. lh) Tu pril.rm. i~~mpl)' +itA and ab~de l+y eacA and every lhe supulauons. a~reemen~s, cond~hons ~nd covenanis in aaid p~om~.sory na~e anJ in th~. Jerd ~et (orth. 1 Tha~ i( uny u( ~a~d sums ul moncY he~e~n re(rrted to be not promptly ¦nd (ully pud ~•uMn f~(tren day. ne~t atter ; ~he s~me seve~ally becomes due and paYaAle,ur d euh and eve~y the stipulat~ons, asteements, conduions and cotienanta u( sa~d Dromi.- ' sory note and tMs dred, or either, arc nut (ully performcd, cumpl~ed ~~lh and a~~ded by, the .a~d a~sre~a~e sum menuoneJ m c~~d ~xam.sury note sAall bec~rae Juc and pa>at+le (~tAruA w the~eaher al the opuon of the Mw~~a~ee ss fuily and completely as ~t tht ~aid a~~re~ate aum o( sa~d prumia.~x)' note ~ras on~mallY ~uPulated to be pa~d on such day, any:hm~ m said ptom~xsoty note a herem to the contrary notr~thst~ndm~. 1 Tha~ m order ~o acceletate the matunty ot the mdebtedness hereby secwed, bec~use u( the fa~lurc ot tAe Mwlsa~or ~o pay ~nY ia~, ~s.rssment, tu~~l~ty, obl~~at~on or encumb~ance u{xu~ said proper~y, as here~n provided, ~t shall not be neaessa~y ix reqws~te ~nat the m~xt`~~ee .hall {us~ pay the same. The !~lortgagee may, at his option, and without waiving his right ta accelerate the indebtedness hereby secured and to Coreclose the same, pay either before or after delinquency any or all oi those cettain obligations required by the terms hereof to be paid by thc hlortgagor ~or the protection of the mottgage security or for the col- le.:tiun of the indebtedness hereby secured. All sums so advanced or paid bp the Mortgagee shall be charged into a the mortgage accuunt and become an integcal part thereof. subject i~ all resptcts to the terms, conditions, and cuvenants of the aforesaid promissory note. and this mortgage. as fully and to the same eztent as though a part o( the ar~ginal irxiebtedness evidenced by said note and secuted by this mottgage, excepting however, that said , ~ums shall be tepaid the Mortgagee forthvvith upon its demand and be in addition to the regulaz monthiy install- i ments pr~vided by the mortgage note. . s 3. That the abstract or absuacts of title covering the mortgaged property shall at all times, duting the life uf th~s rtx~ttgage, remain in possession of the Alortgagee and in event of the foteclosure of this mottga6e or ather transfat of title to the mortgaged ptopetty in extinguishment of the indebtedness secuted hereby. all right, title artd interest of the Mottgagor in and to any such abstracts o[ title shall pass to the purchaset ot srantee. ~i. To the extent of the indebtedness of the Mortgagor to the Mortgagee desctibed herein or secuted hereby. the ~lortgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and holders theceof of each and every mortgage, lieo or other incumbrance on the land desctibed herein which is paid and'or satisfied, in w~hole or in part, out of the procoeds of thc loan described herein or secured heteby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each uf them hereby is preserved and shall pa,s tv and be held by the Mortgagee here~n as security for the indebtedness to the 111ortgagee herein described or hereb~• secured, to ~tha same extEnt that it would have been presetved and would have been passed to and been held by the \lortgagee had ~t been duly and regularly assigned, transfened, set over. and delivered unto the Mort- gag~e b~ ~eparate derd of assignment, notwithstanding the fact that the same may be satisfied and cancelted of rerord, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the hofders thereof at ~~r about the time of the recording of this mortgage. 5. In thr event the ov?nership of the mortgaged premises, or any part thereof, becomes vested in a person ~ other than the ~lortgagor, the \lottgagee may, without notice to the 4lottgagor, deal with such successor or suc- ce~sors in interest w•ith reference to this deed and the debt hereby secured, in the same manner as with the \lutt- ~ gagor vrithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby i secured. No sale uf the premises hereby mottgaged and no [orbearance on the part of the 1~1ortgagee. and no ex- ~ tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, ; disrharge, modify, chanEe or affect the original liability of the ~lortgagor hecein either in whole or in patt. ~ ~ 6. The f~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ¢ ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ; for, or othetw~~se, until all such indebtedness shall have been fully paid. ; 7. /n the e~•ent lhe mortgagors sell, convey or t?ansfer the mortgaged premises du?ing !he life oJ this ntorf- ~ RaRe, then th~s mortgage shaf/, at the option oJ the Alortgagee herein, 6ecome immediatelv due and payabfe Jor the K Jul1 sum oj the principQ! balance and interest then due. ~ S_ The tertns "Mortgagor" and ";~lortgagee" whenever used in this instrument shall include the heits, ~ perconal representatives, successors and assigns of thc respective parties heretu. VYhetever used the singular ` number shall ~nclude the plural and the plural the singular, and the use of any gender shall include all genders. • ~ ~ ~ • ~ ,7 ~ ; ~ ~ ~ , ~ Si ned, seal an e verc in t presence of: RECOROEp ~Seal) / ST. RUCIE COtlNTY f~A. ~ ~ (Seal) K CIiCUIT COINtT = ~ 1lECORO YERIFIED..,~„~,~'~ ~ ~ , ~ ~ Ar~ 13 3 0o PH'tl ~ ~ STATE OF FLORIDA I s~ ryC~. ~ c~S~TY ~U~ ~ ss IV~ I aJV6 Before me personally appeared JULIA P. MeCASKILL, an unmarried woman = to me w~ell known and known to me tu be the individuals desctibed in and who executed the fore6oin6 insuument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and offic~al sea! in thc County and State last aforesaid this 3rd day of Apri 1971 . ; ~~~,,,u n'; ~ Y;j - ; ~1y Commission Exp~ros: .TimP 3n 1 Q]1 Notaty Public, State of ~ ~ ~ - , J ~ ~ . 'z • " * 1 • ~ _ ~ _ - . , ~ ~ ; t,h ~ G) ` ; ~ ~ti~ l: _ . . ~ r`%-~` ~ ' ~'•y . ~ .~k~•~ ~L • i s ; ~ ~~~K~.~~. 1975 •....N. r . :x~ ~ _ ~F. . . ~F V~~_J~ . ~ n- 5 ~ - . . , . _ . . . . . ~ .