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Home My WebLink About2649 Our file 5-21,975 th~s mw~sare ~x otha ttans(t~ u( htle ~u the ~cwt~a~ed poper~y ~n eatmiu?shment u1 th• ?ndeb~ednesa .ecwed heteby, all n~h~, hUt aml intc~cxt u( tAe Mat~a~w ~n an1 to any ~nswan~e poGc~es ~Aen ~n t~ce sh~ll psss to the purcAsser w:rrntee. lA) To prii.r•m, cueeph' ~r~lh •e?d ab~Se b) t~cA and rre~y tAe supulauw?s. ~~~eer.ne~ts, ta?J~t~ans atvJ coven~nts ~o .~~a pr;~~.sur~. note anJ m lA~s 3oed set (orth. 1 T1qt d any o( sa~d sums oi aax~ey Aere~n reterrcd to be nut p~omp~l) and tuUy pa~d ~~tAm h(teen days neat alte~ the ssme sevesally becanes due aod paYable, ur cac~ and ever~ the se~pulauon~, as~eements, comi~uues and co~enan~s of sa~d prwn~s- sixy nott arnf tA~s detd, ot e~the~, src not fuily per(wmeJ, compl~ed ouA snd ab~dcJ Dy, the +a~d s~~tepte sum meeui.ned m sud ~xwe~ssw~ nute shall becnne due and paYz~te iaiA.~th or the~eatier •t the opt~on o( tAe MatjaRee as (u11Y and completely as ~f ~he .aid a~~rep~e sue~ ot said pan~csa~ no~e wss on~~~aUy supulated to Se pi~~ m sucA day, anyth~n~ m sa~d prnio~ssoty note or Aere~n to tAe comrsry eot~~lhstanJ?n{. t~ 1 TAat •n orde~ to acceler~te Me matu~uy u( tAe ~ndebteEnesc heresy sccwed, be~ause u( tAe ta~ture of the ~IortRa~w <<~ paY a^y iaa• ac.e.sment, lubilu~, obG~at~on .x encwob~ance u~wn ss~d property, as here~o prov~ded, rt shall oot be neces~ary .r teQws~te that the m~x~~a~ee ~hall fu>t pay tAe saa~e. 'Fhr ~lortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby ~ecured and to foreclose the same, pay e~ther before or after delinquency any or all of those certain obligatio~s required by the terms hereof to be paid by the \Mttgagor for the protection of the mortgage security or (or the col- lecti~~n of thr indebtedness hareby ~ecuied. All sums so advanced or paid by the !~iottgage~ shall be charged intu the mortgage account and become an integral part thereof, subjec+ in all respects to the terms~ conditions, aild cuvenants ot the afaresaid pnxnissory nate, and this mortgage, as fully and to the same extent as though a part uf the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said ~ums shall be tepaid the 111ortgagee forthwith upon its demand at~d bc in addition to the regular monthly install- ment~ ptovided by the mortgago ~ote. 3. That the abstract or abstracts o( title covering the mortgaged property shall at all times. slurinE the life uf this mortgage, remain in pos~ession o[ the \tortg~gee and in event of the foreclosure oC this mortgage or othet transfar of title to the mortgaged property in extinguishment of the indebtedness secured hereby. afl right, title and interest of the \lortgagur in and to any such abstracts of title shall pass to the purchaser or grantee. ~ 4. To th~ extent of the indebtedness' of the Mortgagor to the Alortgagee described herein or secured hereby, tht \lortgager ~s hereb}~ subrogated to the lien ~r liens and to the rights of the owners and holders thereof of each and every rt?ortgage, lien or other incumbrance on the land described herei~ which is paid and%or satis[ied, in whote or in part, cwt of the proceeds af the loan described herein ot secured hereby. and the cespective liena of said mortgages, liens or other ~acumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the Mortgagee herein described or hereb~• sacured, ta the samz extent that it wauld ha~e be~n preserved and would have been passed to and been held by the ~lortgagee had it bezn duty ar.d regularly assigned, transfened. set over. and delivered unto the hlort- ' gage~ by separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelied of recard, it being the mtention of the parC~es hereto that the same wiil be satisfied and cancelled of record by the ' hoiders thtreof at-ot about the time of the cecording of this mortgage. 5. In the event the ow~nership of the mortgaged premises, ot any part thereof, becomes ~ested in a person uther than the ~lortgagor, the \lottgagee may, Nithout notice to the ~+lortgagor, deat with such successor or suc- czssors ~n interest Kith reterence to this deed and the dabt hereby secured, in the same manner as witb the ~iort- gagar ~ithout in any w~ay vitiating or discharging the ~lortgagor's I~ability hereunder or upon the debt hereb} secured. No sale of the premises hereby mortgaged and no forbearance on the part of the t•..ortgagee. and no ex- tension of the time for the payment of the debt heteby secured given by the ~lottgagee shall operate to release, discharge, modify, change or affect che original liability of the ~lortgagor herein either ~n whole or in part. 6. The lien of this deed secures and shal! continue to secure payment of said indebtedness ot indebted- ; ness, however evidencod, whcthet by said promissoty~ note or anp renew•al or extension thereof or substitute there- . r fur, or otherw~se, until all such ~ndebtedness shall have been fuU~ paid. 7. /n the erent the mortgago?s sell, con?~ey or t?ansjer the mo~tgaged preinises during the life oj this mort- Ra,qe, then th~s mortgage shall, at the option oJ the .tlortgagee herein, become immediately due and paya6le Jor the (ul1 sum oJ the pr~nc~pal balonce and interest lhen due. R_ The tertns "Alortgagor" and "~lortgagea" w~henever used ~n this instrument shall include the heirs. perconal representatives, successors and ass~gns of the respective parties hereto. Wherever used the singular numt+er shall include the plural and the plural the singula:. and the use of any gender shall include alt genders. S~ , seal e v d i t presen f: ~ (Seal) (Seall ' ~ ^ t C~~ ~ STATF OF FLORIDA I COUNTY OF ~ j ST. ~E } Before me personalty~ apPeared JAMES N. SAPP attd LYDLA G. SAPP ~ his Wife ; tn me vrell know-n and known to me to be the individuals described in and who executed the fotegoing instrumcnt, i and acknowledged t~efo~e me that they executed the same tor ihe purposes therein expcessrd. WITNESS my hand and off~c:al seal ~n the County and State last aforesa~d this 24th day of Ju 1971. ; i ~ ~ . ~ ~ j 2l2_i .y ~ ; - F ~ Ccxnm~ssion Expires: Ju11e 3O, 1971 (~3otary Public,:~St$t ~ a ge r ~~p ~Mo PE;,o~ Eo ; N,~_~ s~. ~uc~E couNTr g~~. . , r ~ , ~ : ROCE11 POtTRA= = : Q ~ ' - CIERK CIACUIT COURT ~ ~ ~ + `y . ~ ? RECOIID YER~FIEO~,~. " i ` - ~ . . _ , . . ~YL IO 40 ~M'T~ ~ , ? ~L~ o a ~ ~ BooK 193 2646 ~