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Home My WebLink About1247 - Our file S-21,912 ~n~: ~w~a.se ~x otAc~ u~nsfer of t~tle ~o the mwtsa~r~ prope~t~ m ezunsu~shmea~ u~ tAe ~nAesiedness ce:wed 1e~eny, all n~A~. htir and ~e~erest ot the Ala~{~~w ~n and ~a ~n; ~~sw~nce pul~cros tAen ~n tace shall pass tu tAe pwcA~ser a~r~ntee. (h) To per[ani, caesply ~iW and ab~de py e~cA aad every ule supulaauns, asreements, caewlU~ais aad coveoants ~n said prom~.s~v> no~e sed m th~s deed set (wtA. 7 TAat any of s~id sun.~ af aoaeY here~a re(erred tu bt nut praapUy and tully pa~d ~~th~n t~(~cc~ days nc~~ a1ie~ the s~me serer~lir becoaes due and payable,or ~t eacA aad eveiy tAe s~~pulat~ons, as~eements, con~i~uuns ~nd co~enan~s o( sa~d prwms- sory note and tA~s deed. or euhet, are not tu11Y prrfota~ed, cwnpl~ed ~ith ~nd aD~ded by, tAe said a~rc~ate sum ioent~oncd ~n ~a~d poo~ssor) note sAall becaax due arwf pa)able tor~Ar~~tA or tAerea(ttr at the opuua ot tht ~1a~js~ee ss tull~• and completriy as ~t ~he s~~d a«re~ate suw o( a~~d pran~s~wy note rss o~~~~nylly st~pulated to Ee pa~d un sucA Jay, aaythins in sa~d prom~sswy note or here.n to lAe coet~sry eot~~t!ut~nd~e~. (j ) Tha~ ~n order to accele~ate tAe autunty of the inJeDtedness Ae~eby aec~ed, because ot ~Ae (a~lure u( ~Ae \twe~a~.a ~u paY ~M' assessaer.t, Iub~Gty, obl~salion a cn:umA~aoce upon ss~d p~operty, as here~n pro~~ded, ~t shall not be ne.es.ary a reQu~sue tAaa the mcrtas~ee shall f~~st pay the sase. 2. The Mortgagee rna~, at his optio~. and without waiv~nE his right to accelerat~ the indebtedness he~ehy secuced a~d to foreclose the same, pay either before or after delinquency any or alt of those ;~ertain obligations required by the terms hereof to be paid by the \lortgagor for the protection of the mortgage security or for the col- lection of the indebttdness hereby secured. Ail sums so advar?ced or paid by the `tortgagee shaii be charged into the mortgage account anci become an integral part thereof, subjeet in all respects to the terms, cond~tions, and covenants of the af~xesaid promissory note, and this murtgage. as fully and to the same extent as though a part of the original indebtednes~ evidenced by said note and se.cured by this murt~aae, excepting however, that saeJ sums shall be repaid the Atortgagee forthwith upon its dema~d an~i be in addition to the ~egulaz monthly instafl- ments providsd by the mortgage note. ~ - • 3. That thc abstract or abstracts of title covering the rt:ortgaged property shall at all times, during the lifa of this mortgage, remain in possess~on of the titortgagee and in event of the foteclosure of this mortgage ot other ttansfer af tit~e to the mortgaged proper~y in e~tinguishment of the indebtedr.rss ~ecured hereby. all right, title and interest of the ~lottgagot in and to anv such abstracts of title shall pass to the purchaser or grantee. y. To the extent of the indebtedness of the Mottgagor to the 111ortgagee described herein or secuced hereby. the Alortgagee is hereby subrosated to the lien or liens ar~d to the rights of the ov?ners and holders thereof of each and every mottgage, lien ot other incumbrance on the land described herein which is paid and'or satisfied. en wkole a in patt, out of the proceeds of the lean desctibed herein or secured hereby, and the respective liens of said mottgages, liens or othec incumbrances, shall be and the same and each of them hertby is presetved and shall pass to and be held by the \lortgagee herein as security for the indebtedness to the Alortgagee herein described or hereby secured, to the same eatent that it would ha~e been preserved and would have been passed to and been i~eld by"the ~tortgagee had it been duly and regularly assigned, transferred, set over, artd deliverod unto the ;11ort- gagee by separate decd of acsig~ment, nats-ithstanding tht Cact that the same may be satisfied and cancelled of tecord. it being the intention of the parties hereto that the same v?~ill be satisfied and cancelled of recotd by the holders thereof at or abaut the time of the recording of this mottgage. - 5. In the event the ownership of the mortgaged premises, or any patt thereof, becomes v~sted in a person othe~ than the Slortgagot, the ~lortgagee may, without notice to the Nortgagor, deal with such successor or suc- cessors io interest K~ith reference to thi~ deeu and the debt heceby secured, in the same manner as with the ~1ort- gagor without in any way v~tiating or discharging the Alortgagor's liabil~ty hereunder or upon the debt hereby secured. No sale of the ptemises hercby mortgaged and no forbearance an the patt of the Mortgagee, and no ea- i tensiix~ o( the time for the payment of the debt hereby secured given by the \lurtgagee shall operate to release, - discha~ge, modify, change or a[fect the originat liability of the Mortga6ot herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- j ness,~however evidenccd, whether by said promissory note ot any renewal or estension thereof or substitute there- ~ for, or otherwise, until all such indebtedncss shall have been fully psid. - 7. In the Pvent the rnortgagors sell, convey o~ t~ansjer the mo~tgaged prernises during the liJe oj ~his ?rto~t- gage. Ihen th~s mo?~gage shal/, at the option of the .1for~gugee here~n, 6ecorxe immediately due and payable jor the } Jul! su~n oj the principal balnnce a1d interest then due. 8. The terms "Mortgagor" and "!1lortgage~" v?henevcr used in this instrument shail include the heirs. personal representatives, successors and ass~gns of the respective parties hereto. Wherever used the s~ngular numbtr shalt include the plural and the p{ural the sin~ular, and the ~se of any gender shall include all genders. i Signe , sealed eli re n presence of: (Seal) . ~ (Scall ~J : r STATE OF FLORIDA I COUNTY OF~ j SS S~. LUCIE ~ Be ore me personally ap~ared HARRY E. RICHARDS atld EDNA LOUISE RICHARDS ~ HIS WIFE to me well known and known to mt to be the ind~v~duals descnbed ~n and who executed the far~going ~nstrument. and acknowledged before me that the~• executed the same for the purposes therein etpressed. WITNESS m}~ hand : and off~cial seal in thc Counh~ and State last aforesa~d th~a jQth dSy of June, 1971. ~ ue ;N` ~ ~ : ~ty Comm~ssion Expir~s: Notary Publ~c, State of _ ~ _ f FILfG ~hC RCCQ;OE~ = `x : ' C : n ; • : st Luc~~ couwrr vu ~ f ; i•• , ROCfR P~~TRAS i . j CIERR Cla ;U~T COURT ~ ' j~'•,~~~~' ^ ~s,.°~ . RECOao yER~F~EO.= 2111 ~3'i ~ • . , . .K. ~ .lu~ Z~ 12 a6 PH'11 -=1. . . ~ : ~ ° R 193 1246 " 4 800K ~ - ~ _ -