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Home My WebLink About2189 Our file.S-21,696 , ~ thi~ mat~~~e o~ otAs~ tnaater o( title to tAe ~eort~~~ed property ~e exuuau~sAo~eal oi the mdeptedeess aecwed hereby, all ri~ht, ~~~le and inte~e~t ot tbt Mat~yor in and to ~nr ~asu~~ace polioies tAea in faee ahall pass to tAe purch~se? o~ uaniee, (h) To perform. comply ~riW ~nd •bide by eacA a~d evety ~Ae stipul~tions. asreeseap. tondipons and covenaa~s ~n sa~d pramsawy note ~nd in th~s deed set forth. (i1 Tha~ it any o( said auau ot eaaey he~eie ~eterted to be aot promptly and fully paid w~tA~n (iftten days ne~t after tht aase seveislly becoses due aad p~yable.o~ i( each aad eve~y tAe stipul~tions, ~~reements. cond~~ions and covenants of sa~d pran~s- so~y aote ~nd tAis deed. w e~tAer. ~re not tully per(oraed. coaplied ~ritA and ~bided by~ tAe said sure~ate sum menuoned m sa~d pcom~ssory oote sh~ll becoae due and paY~ble fa~hrith or there~fter ~t the optioa ot Ihe Mort~a{ee as tully and completelY as ~f ~he i~id ~~~e~~te sue ot s~id p~oeisswy aote ~~s ori~~nally stipul~ted to be p~id oa sucA d~y, snytAin~ ia a~id promissory note a Ae~ein to tAe coetnrY eot~itAs4odin~. (j ) TAat ia order to ~ce~let~te tAe ertunty of the indebtedness Aeresy seurcd. bcc~we of tAe [ailu~e of ~he Mortsa~or to pay any tsa, i assesameat. li~bility. obli~~tioa ar encumbr~nce upon sud property, ~s Aetein ptovided, it sAall nol be necessary a ~eQu~site that the ~eorti~~ee shall first p~y We s~~e. 2. The Mort~a~ee may. at his option, and without waivin~ his ri=ht to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those certain obli~ations required by the tenns hereof to be paid by the Mortga=ot fot the protectian of the mort~a`e security ot for the col- lection of the indebtednesa hereby secured. All sums so advanced ot paid by the Mortsa`ee shell be charged into the moct~a~e account and become an inte~cal part thereof. subject in all respects to the terms. conditions, and ' covenants of the aforeaaid promissory note. and this mwtgage. as fully and to the same extent as thou`h a put of the ori~inal indebtedness evideaced by said note and secured by this mortga6e. exceptina however. tha~ said sums shall be repaid the Mortgasee forthwith upon its demsnd and be in addition to the regular mo~thly install- ments provided by the mact`ase note. - 3. That the absuact or abstracts of title coverinE the mortgated property shall at all times, durin6 the life of this mortgsge, remain in possession of the Mortaagee and in event of the foreclosure of this mortgaae or other Uansfer of title to the mortgased pcoperty in extinguishment ot the indebtedness secured hereby. all ri~ht. title and interest ot the Mortga~or in and to any such abstracts of title shall pass to the purchaser or srantee. 4. To the extent of the i~debtedaess of the Mort~a~or to the Mortga6ee described herein or secored hereby, the Mort6aiee is hereby subroaated to the lien or liens and to the ri6hts of the owners and holders thereof of euh and every mort`ase, lien or other incumbraace on the lar~d described herein which is psid and/or satisfied, in whole ot in part. out of the proceeds of the loan described herein or secured hereby. and the respective liens of said moct`a~es, liens or other incumbrances, shall be and the same and each of them hereby i~ pnserved and shall pass to and be held by the hloctsa`ee herein as security for the indebtedness to the Mortga~ee herein described or hereby secured, to the same eatent that it would have been preserved and would have been passed to and bten held by the Mort~aaee had it been duly and re`ularly assi6ned, transfetred, set ovet, and delivered unto the Mort- ~agee by separate deed of assi~nment, notwithstandina the fact that the same may be satisfied and caacelled of recad, it beina 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 recordin` of this mortsase. S. In the event the ownership of the mortaased premises, or any part thereof, becomes vested in a person ' other than the Mortgagor, the Mortaa6ee may, without notice to the Mortga6or. deal with such successor or suc- j cessors in interest with reference to this deed and the debt heteby secured, in th~ same manner as with the Mort- ~ ~ gaaor without in any way vitiatins or dischar~in` the Mott=agor's liability hereunder oc upon the debt hereby , secured. No sale ot the premises hereby mortga~ed and no fabearance on the pa[t of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgasee shall operate to release. dischufe. modify, chanse or affect the ori~inal liability of the Moctga~or herein either in whole or in put. 6. The lien of this deed secures and sha{I continue to secure payment of said indebtedness or indebted- ness, however evidenced. whether by said promissory note or any cenewa! or extension thereof or substitute there- for, or otherwise. until all such indebtedness shall have been tully paid. 7. /n th~ event the mortgagors sell. convey or transJer tht n~o~tgaged pre~nises during the liJe oJ this mort- ' gage, then this inortgage shull, at the option oj rhe Mor~gagee herein~ becon~e immediotely due and payable Jor the ~ Jull swn oJ the principal balance ond interest then due. ~ [ 8. The tertr~s "Mort~a6or" and "Mortgaaee" whenever used in this instrument shall include the heits, ~ peraonal representatives. successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include tha plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ Si ed. seale an li ted n the presence of: (Seal) € ~ (Seal) i ~ ~ € , ~ s ~ ~ STATE OF FLORIDA COUNTY OF B~ ss ~ s~. Luc~ ~ efore me personally appeared LITTLE BILLIE DOUGI.AS attd JUDY C. DOUGLAS ~ his Wife ~ to me well known and tnown to me to be the individuals desct~bed in and who eaecuted the foregoing insuument, ~ and acknowledaed before me that they executed the same for the purposes therein exptlsted. WITNESS my hand ~ ` i and official seal in the County and State tast aforesaid this 15tj1 j~dy of May~ 1.~71 ~ ~ ~ . . ~ ~ ~ ~ ' ~ ~rl Commission Ex ires: .Iune 30 1971 Not at r e ~ y p 4_y' ~taterf ~ + . ~ fIlEO AN~ R£GORO , ; ~ _ ' ~ St. LUC~E C01lNYY PU- ~ ~ • - ROCEP. POITRI~t ~ i r , ~ CtRGU1T COU~T C ' CIERK • : . ~ IIECORO vER<<tEOr-= ~=~:-'aT'=~~r' . ~ ; ~ , - _ . . ~ PM •T ~ ~ : ~ , ; K M~16 2si ~ . ~ ~ a~K192 2284 ~ ~ ` s ~ ~ _ ~ - _ _ - - - ~ w _ . ~