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Home My WebLink About2523 Our ~ile 5-21,976 ~h~s m.u~ia~e .r utAe~ transte~ ut u~ic ~u ~he m~x~sased peope~~~• ~n taun~u~sM~sM ut tAt ~ndebteJnesa xt~wed he~eby, sU t~~ht, t~tle ,rnJ ~n~eus~ 01 ~Ae \twtp~w ~n and ta any ~n.wame pul.c~es ihee ~o twce sh~ll psss to tAC pwcA~se~ o~ pan~ee. lA) To pe~t~wm. .wapl~' ~r~~h •mt ~Mde ~y eacA snJ eve~r tAe .upulaUms. •~~eemenb. cond~4.w~x ~ed cove~an~s ~n ~a~d p~o~~~sury note ami ~e ~h~a deed ae~ (ortA. l T1~st ~t a~y o( aa~d awas u( mw?eY Aere~n ~e(e~ted t~ be eol ptwnpUy and fully pa~d +'uA~o fdteen dava rtz:.t a~•et ~Ae s~mt ~everally becomes due smt payablt.a d eacA aed every the supu{~t~oes, ~~reeaents. crri~uuns and coven~nts o( sa~d prae~s- . say not.• and th~s deed, or euhe~, ~re not tu:ly per(amed, caeplud w~tA snd ab~ded ?y, tAe sa~d s~resa~e sum wenuoned ~n sa~d , prap~rxory nute :hall b~:.Mne due a~w1 paY~Cle tortA~~~A ix tAeecaf~er •t the op~~on of tAe Mwtja~ee ~s iully and completely as tne ca~d aspe~a~e sus o1 sa~d p~ae~ssury ~ote vas or~~~na11Y supulated to Se p~~d m sucA d~Y. anytAin~ ~n s~~d ptomuswy note or Aere~n • t.. the cue~ury not~uhsundin{. 1 That ~n orde? to acceler~te tht m~tur~ty ot the ~ndebttdness Aereby secwed, because o( the fa~lu~e ot the hlot~ss{or ~o paY ~~Y ~sse.imeel, I~ab~IN~•, obl~s~u~ ~ encusbrance upew~ sud ~uopertY. as here?n prov~ded. shall no~ be neces.ar~ a requ~s~te that the m.wt~a~ee sAall fuat pay the saae. 2. The ~brtgagee may. at his aption, and without waiving his right to accelecate the indebtedness hereby .rcured and ta fotec:ose the same, pay either before or after delinquency any or all ot those certain obligations • s requ~red 6y thr terms hereof co be paid by the Nort~agot for the p~otectioa of the mottgaae security or for the col- ; lectiao ~~f the indebtedness hereby secured. All sums sa advanced or paid by the !1~tortga`ee shall be charged into ~ thr mortgage account and 1+ecome an i~tegral pazt thereof, subject in all respects to the terms, conditions, and ~ ruvenants of the a[aresa~d pn~missory note, and this mortgage. as fully and to the same extent as though a part { uf the original indebtedness evidenced by said nate a~d secured by this mottgage. exceptin~ howevec. that said ~ums shall be repa~d the Mortgagee furthwith upon its demand and be in addition to the regulac monthly install- ? ~ mtnts ptovided by the mortga~e note. 3. That the abstract or absttacts of title covering the mortaaged property shali at all times. during the life of this mortgage, remam i~ possession of the ~lortgagee and in event ~f the foreclosure of this mortgege or ather transfar of title to the mortgaged property in extinguishment ot the indebtedness secured hereby. all riEht, title and interest of the ~lortgagor in and to any such abstracts of title shall pass to the putchaser oc grantee. ~i. To the extent of the indebtedness of the'.Nattgagor to the hlortgagee described herein or secured heteby, ~he \brtgagee ~s her~by subrogated to the I~en or liens and to the rights of the ov?~ners and holders thtreof of each and every mortgagr, lien or other incumbrance on the land described herein which is paid and'or satisfied. i~ 1 wh~~lr ot in part, out of the ptoceeds of the loan desc~ibed herein ot secured hereby. and the respective liens of said mortgages, liens ~t other ~ncumbrances, shall ba and the same and each of them heteby is ptesetved aad shail pacs ta and be held by the \lortgagee herein as security for the indebtedness to the \lortgagee herein desctibed ` or hereb~• secured, to the ~eme eatent ~that it would have been pteserved and would have been passed to and been ~ held by the ~1art~aget had ~t been duly and regulatly assigned, uansferted. set over. and deliveted unto the \~ort- ~ gagee by separate deed of assig~ment. ~otwithstanding the fact that the same may be satisfied a~d cancelled of recotd, it be~ng the mtentian of the parties hereto that the same will be satisfied and cancelled of record by lhe holders thereaf at ot about the t~me ~~f the recordin6 of this mortgage. . 5. In the e~ent tht ow~ersh~p of the mortgaged premises, ot any part thereof, becomes vestcd in a person other than the \kxtgagor, the \tortgagee may, without notice to the ~lortgagor, deal with such successor or suc- ~ cessors in interest with reference to this deed and the debt hereby secuted, in the same manner as with the ~tort- t gagor W~~thout in am~ way vitiating or discharging the ~lortgagot's liability hereunder or upon the debt hereby serured. No sale ~~f the premises hereby mortgaged and no [orbearance on t1.e part of the tilortgagee. and no ex- , tension of the time for the payment of the debt hereby secured given by the ~bttgagee shall opetate to telease, discharge, modify, change or affect the original liab~lity of the Nortgagot hetein eithet in whole or in patt. 6. The lien of th~s dced secures and shall continue to secure payment of said indebtedness or indebted- j ness, however evidenccd, whether by said promissor~ n~te or any reneaal or extension thereof or substitute there- ~ lor, or otherN~sc. unul a:l such indebtedness shall have been fu{ly paid. 7. /n the e~•eni rhe mortgago~s sell, con~•ey or t?ansfe~ the mo~tgaged prein:ses during the lije oJ this mort- Rage, then this martgage sho1/, at the option oJ the }Ilortgagee herein, 6ecorne ~nunediately due and payable jo~ the fut! sum oj the ~sinc~pal bolance and interest then due. S. The te~ms "`1o~tgagor" and "~lortgagee" w~henever used in this instrument shall include the heits, per~onal representat~ves, successors and assigns of the respective patties hereto_ Wl~erever used the singular number shall include the plural and the plural the singula:, and the use of any gender shall include all gendtrs. Sig d, sealed liv ed ~ he presence of: ~~~ti (Seal) . ~(~IL~iQ /1- ti (SeaU ~~ti l_ STATE OF FLORIDA I COtJNTY OF DGf[!E ss ST. LUC Beiore me personally appeared~THUR H. SHAFFER and LAURA R. SHAFFER~ his Wife to me well know-n and known to me to be the indiv~duals described in and who executed the foregoing instrumert. and acknow~ledged l+efore me that they executed the same for the purposes thereia expressed. WITNESS my ~nd and off~c~al seal in the County and State last aforesaid this 26th day of Ju 1971. ~;,~„+,~„~~k~ ~ ~ i ~.\1 r • • . - ~ : - • ~ Ts : ' ~1y Comm~ss~on Exp~res: _h~ne 3n~ 1971 Notary Public, Stato of . ; . . , ~ , . fIlEO AMD RECORp~~ ~ ~T. `liC1E COUNTY ilA. ItOCER /OITR~f ; : CIERK CIRCWt COfIRT - '''~~a~~n.,;::. 11ECOR0 YERIFI~O~...~.,.~ ~ ~ 9 ~ Ua PM ~l~ U R _ - _ ~ _ ~ BooK 1y~ 252i _12O,~4 ~ _