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Home My WebLink About1787 _ i i Our file 5-21,927 i , tA~s isort{~ae a other tnas(er o( titie to the ~ort~saed yroperty ~e eauasu~sbaea~ oi tAe indebtedaes~ secured he~eby, ~11 n~h~, ~i~le snd io~e~est ot the Matp~a ~a and to aey ~aaw~ace policies tbea in (ace sA~ll pass to 1Ae purch~ser a ~~se~te. (h) To oe~fors. cosply ~ntA ~ad ~b~de Ay s~ch aad every tAe supulat~ons. ~~reeeleets. condi~~ons aad covenaais IA Sild pfOf111aiMY aole aad ia Uua deed set fo~tA. (i) Tlfat it any oi s~id swea o( ~oaeY aueia referred to be aot prampUY ~ud fully paid r~th~n (d~een days neal a1~er tAe s~~e se~er~lly eeco~ea due and psyable, a eacA aad sve~y We st~pul~tioas, ~~ree~ents, coad~t~ons aed corenania ot sani pae~s- so~y oote and tAis deed, or eitAer~ are not Iulir pettaaed, ca~tied ritA aad ab~ded Ay, ihe s~~d aucess~e sucs menuoned ~n saiA proa~sswr aote slull beca~e due ~nd paYaple («W~~U~ ur the~eatte~ •t tAe optioa ot ~be 61o~t~a~ee as (ull~ aeid coo?pletely as ~f ihe said aure~~te s~ o( s~id pre~issory ~ote ~as aNpsally stipulsted to be Faid m sucA d~y, anytAin~ ia said promissory note or Aere~e to tbe coatruy ooaritAstaodins. - (j ) 7"Aat ~n ordet lo accelu~te the arturity ot the indabtedoess Aereby seurcd, bec~use of tbe (~~lure of tAe hlataa~o~ ~o pay any taa, assessnent. I~ability, oblis~tioa a encumOrance upon sa~d ptoperty~ ~s hereie ptovided. it shall not be aecesca~y or ~eQu~site Uue ~Ae so.~.s~~ sn~1 t~~s~ ar w~ ,..e• 2. The ~Nort6a~ee may. at his option. and without waivins his right to accelerate the indebtedness hereby ' secured a~d to forectose the same. pay eithe~ be[ore or aRer delinque~cy any or all of those certain obli`ations required,by the terms heteof to be paid by the Mortgaaor-tar the protection of the mort~a~e security or for the col- lection of the indebtedness hereby secuted. All sums so~advanced ot paid by tha Mortgagee shall be char6cd into the mortjage account and become an integral part thereo[. subject in all respects to the terms, conditions, and covenants of the a[oresaid promisaory note, and this mortgage~ as fully and to the same extent as thou~h a part ~ of the original inde~tedness evidenced by said note and secured by this mortgage. excepting however. that said sums shall be repaid the Mortaagee forthwith upon its dema~d arxl be in addition to the regulaz monthly install- ments provided by the matga~e note. • 3. That the abstract or abstracts o[ title coverina the mott~a~ed pmperty shall at all times. durin~ the li[e of this mortgage, remain in possession of the Mottgagee and in event of the foreclosure of this mottgage or other Usnsfer of title to tl~e mort~aaed rropecty in extinguishment of the indebtedness secured hereby. all ri6ht, title and interest of tbe Mor(~or in aad to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the iredebtedness of the Mott~asor to the Mortgagee described hecein or secured hereby, the Mortga~tr is hereby subrogated ~o thc lien ot liens and to the rights of the ovmers and holders thereof of each aod every mott~age, lien oc other incumbrance on the Iand deseribed herein which is paid and~or satisfied, in whole ot in part, out of the proceeds of the loan Jescribed herein ar secured hereby. and the respective liens cf said mort~a~es, liens or other incumbrancos, shall be and the same and each of them hereby is preserved and shall pass to and be held by the hlortga`ee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. tu the same extent that it woubd h_ve been preserved and wonld have been passed to and been held by thc A1ort~a6ee had it been duly and re~ularly assiEned. transtected. set over, snd delivered unto the Mort- sagee by sep~rate deed of assianment, notwithstandina the tact that the same may be satisfied and cancelled of recad. it bein~ the intention of the puties hereto that the sarn~.~wifl be satisfied snd caacelled of record by the holdecs thereo[ at or about the time af the recording of this mottsaae. S. In the event the ownership o[ the mortga~ed premises, ot any part thereof, becomes vested in a person other than tho Nortgaaor. the Mott`aaee may, veithout notice to the Mortgasor. deal with such successor or snc- cessors in interest with reference to this deed and the debt hereby secured. i~ the same mannet as with the Mort- Easor without in any way vitistina or discharains the Mortsagor's liability hereunder or upo~ the debt hereby secursd. No sale of the premises he~eby mort6ased and no lorbearance on the patt o[ the Mort6asee, and no ex- tension of the time for the payment of the debt hereb.y secured Eiren by tht Mort6agee shall operate to release. dischar6e. modify, chanse or affect the ori6inal liability of the Mortgasor herein eit6er in whole or in part. ' 6. Tht lien o( this deed secuce~ and shall continue to secure payment of said indebtedness or indebted- I ness. however evidenced. whether by said promissory note or any renewal or extension thereof or substit~~te there- j for. or otherwise. until all such indebtedness shall have been fully paid. ~ 7. In the event the n~ortgagors sell, convey or t?atsjer the mor~gaged preinises during the liJe oJ t6is n~o~t- ~ gage, then this mo~tgage shall. at the option oj the Morlgoget 6erein, became inimediately due and payoble for the jull su,n oj the pr~ncipal balance and interest rhen due. 8. The tem?s "Mortsaaor" and "Mortga~ee" whenever used in this instrument shall include the heirs. pasonal representatives, successors and assigns of the respective parties hereto. Wherevec used the s~ngular number shall include the plural and the plural the s~ngular, and the use of a~y gcnder shall-include all genders. _ ^ Sign . sealed d~ve d' the presence (SeaU ~ (Seall STATE OF FL.ORIDA ss COUNTY O S$~_C T LU Be[ore me personally appeared $ILLY E, SPANGLER St~d BET'rY JANE SPANGLER~ his Wife to me well known and known to me to be the individuals described in ar~d who executed the foregoinE ~nstnunent. and acknowledaed betore ne that they executed the same for the purposes thereia eaptessed. WITNESS my hand and offic~al seal in the County and State last afotesaid this 17th day of June, 1971. ' r . , tat ~ . ~ + ' 1 ~ly Canmission Espires: J~e ~(~1Q7j Notary Public. State of Ft~EO AM~ RECO~OED ~%a ~ f ; ST lUC1E COURTY FlA y- t'~: 3~~ • itdGE~ ?0lTIiAS ~ _ • ~ ~ = 'l`;+ fi' , F' ::H, ~ } CIERK CI~CU{t CCURT .=~r%~: d;,(,<'' 1+-• RECOao vEa~fiEO . . ~ ~ ,lu~ 30 3 4o PN'1 ~ ~a , g~K 19~ 1785 , - . 2115~2