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Home My WebLink About2526 Our fi le 21,968 ~h~s m~xt~are or atAe~ ~nnstec of t~tle tu the mo~~~a~ed pope~ly ~n cauniwsi~men~ ul ~Ae ~ndeb~cdness secwed Ae~eby, all n~A~, tule aeMf ~n~e~ec~ ot ths l~/at{aya ~a and to any ~nswinre palic~es tAen ~e (urce sA~ll pass to ~he purchsser «~ran~ec. (A) Tu pe~(wm. rwaplv w~tl~ •nJ ab~de by eacA snd every tAe cupula~~ocs. •sietreents. condu~ons and covenants ~n satd prwn~sswy aote snd ~a iA~v deed se~ (ath. ) That d~ny ot s~id sums ot moe~ey he+ero rc(erred Io bc not pracpUy and [ulty pa~d ~uA~n f~hetn days neat atter tAe same severally pecoses due ~od paY~sle, or eacA aed erery the shpul~t~oas, ~i~eements, cond?uons and covtesnts o( sa„! pwa~s- sorY nole and tA~s deed, a euher, are not fully perfaa~ed, compl~ed ~r~U and as~ded by, ~he ~a~d aure~ate sum ment~oned m sa~d pan~ssory note ahall Seeome due and paYasle torth+~tA or therea(ter •t the opuon ot tAe Mat~s~ee as tu11Y and comple~elY as i( tbe said a«re~~te sws ot sa~d pramsswy oote ~r~s on~inallY supulated to be p~~d on sucA d~y, anylh~n~ ~n sa~d p~om~sswy note a here~o to thc roetrary notri~Asl~edin~. 1 That ~e ader ~o acceler~te the ms~unty o( the iadebtedness Aere~y secaed, Secaust o! the ta~lure of the 41o~ts~sw ~o pay any taa, assesYa+ent, li~biluy, oslisation .K encumbrance upon aa~d pro~,erty, as here~n prov~ded, ~t shall not be ncaea.arY or ~=Qu~sitt thai thc m~xtja~ee shall (arsl pay tlie same. ; The Nortgagee may. at his c?ption, and without waiving his right to accelerate the indebtedness heteby ~ secured and to Poreclost the same, pay eithet before or after delinquencp any or all of those certain obligations ; requirrd by the terms hereo~ to be paid by the Mortgagoc for the protection oi the mottgaae secucity or for the col- i Irction of the indebtedness hereby secured. All sums so adv$nced or paid by the Moctgagee shall be charged into ; the mortgage account anJ become an ~~tegral part thereaf. subjtct in all respects to the terms. conditions, and rav~na~ts of the afaresaid promissory note. and this mortgage. as fully and to the samt txtent ss though a past uf the ori~inal indebtedness evidenced by said note and secured by this mat~gage, excepting howevet. that said ~sums shall be repaid the !1lortgagee forthwith upon~ its demand and be in addition ta the re~uiar monthly install- ments provided by the moctgage nota. 3. That tho abstract or absuacts of title covering tfye mortgaged property shall at all times, during the life 3 of this mortgage, remain in possession of tht \lortgagee and in event of the foreclosure of this mortgage or other ~ tcansfer of title ta the mortgaged property in extinguishment of the indebtedness secuted hereby, all right, title ; and interest of thc ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ! 4. To the extent of the indebtedness o[ the Mortgagor to the !4lortgagee described herein or secured hereby, ~ the \lortgagee is hereby subrogated to the lien or liens a~d to the rights of the ow~ers and holders thereof of each ~ and every mortgage, lien or other incumbrance on the land described hercin which is paid andior satisfied, in whole or in part, out of the proceeds of the loan described herein or secwed hereby. and the r~spective iiens of ~ said mortgages, liens ot other ~ncumbrances, shall be and the same and e~ach of ihem heceby is preserved and shall ~ pass to arsd be held b~ the ~',:.;:ga~~a fi~rein as securily for the indebtedness to the Mottgagee hecein described or hereby secured, tu the same estent that,it would have been presetved and would have been passed to and been held by the ~k~rtgagee had it been duly and iegulatly assigned, ttansfened, set ocer, and delivered unto the Mort- ~ gagee b~ separate deed af assignment, notwithstanding the fact that the same may be satisfied and cancelled of ~ record, it being the intention of the partics hereto that the same will be satisfied and cancelled of record by the holders thereof at ot about the time of the recording of this mortgage. i 5. ln the event the ownersh~p of the mortgaged premises, or any part thereot, becomes vested in a person ~ ' other than the ~lortgagor, the ~lottgagee may, without notice to the Mottgagor, deal with such successor or suc- ~ cessors in intetest w•ith re[erence to this deed and the debt hereby secured. in the same manner as with the \tort- ' gagor without in any way vitiating or discharging the \~ottgagor's liability hereundet or upon the debt hereby secured. No sale of the ptemiscs hereby mortgaged aad no forbeatance on the part ot the Mortgagee, and no ea- tension of the time !or the payment of the debt hereby secuted given by the !1lortgagee,shall operate to telease, discharge, modify, change ar affect the original liability of the Mortgagor herein eitha in wholc'. or in part. 6. The lien of this deed secures and shall cantinue to secure payment of said indebtedness or indebted- ; ness, however evidenced, whether hy said promissoty note or any tenewal or extension thereof or substitute there- ~ ~I for, ur otherwise, until all such i~debtedness shatl haee been tully paid. _ ; /n rhe e~•en~ the mo.tgagors sell, convey or transJer the mor~gage~ premises during the IiJe oj this mort- ( Rage, then this mortgage shall, at Ihe option oJ.the 11o?tgagee he~eir., become immediately due and payable Jor the ju~1 seun oj the prirtcipa! 6alance and interest then due. The temss "4brtgagor" and "~,lortgagee" whenever asfd in this instrurr~ent shall include the heirs, perscxial representatives, successors and assigns of the respective patties hereto. VYherevet used the singular number shall include the plural and the plural the singula:, and the use of any gender shall include all genders. ; 1 ~ Sign , sealcd d iv e n the presencc of: ~~~'~~C ,(Seal) } ~ ~ i ~ STATE OF FLORIDA I ' COUNTY ST~C~ ss _ ~ . LiJ ~ E3efore me personally appeared GEORGE T. WILLIAMS 'and JEAN ABERCROMBIE WILLIAMS~ifes ~ to me well lcnovm and known to me to be the ind~viduals desctibed in and who executed the foreaoing insuument, ~ and acknowledged befote me that they executed the same fot the purposes th-rein eapressed. WITNESS my hand and off~cial seal in thc County and State last aforesaid this 26th day of June, 971 ~ , 1 ~ i ~1y Commission Expires: TtLne 30~ 1971 Notary Public, Sta e of F 8t~. ~ - ~ . = a• ^=tS ~b ! _ - - S ` - ~%G' ~ . ~ . 193 2524 " ,