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Home My WebLink About2496 Our file 5-22,647 ~h~c m„~~~are ~x otAr~ Iransfe~ 01 t~Ue to ~he mart~r~ed prupe~ly ~n ea~in`uiyAment o1 Ire ~ndtbleJness ~ecwed he~ebY. aU n~h~, hUe aoJ ~nu~e.~ ut ~he A1o~~{a~w ~n and to anY ~nsuume polic~ev tAen ~n larce aA~ll pass to tht purch~ac~ ut ~ranlee, (hl 1'u pe~l.xm, :anply ~r~tA red aA~de Ay c~cA •nd every the stipulaUona. •~~eements, cond~Uoox and cuveoan~s ~n sa~d prum~~swY note aod ~0 1h~v deed yct (o~lh. Trat ~f ~ny u( sa~d suma ol mondy hcrcin ~e(erred lo be noI promp~ly and fully pa~d ~uh~n (ifleen days neit after Ihe ~~me ct~erally become~ due ~nd payab~e,a i( each and eve~y the s~ipul~uons, at~eements, conAU~uos and covena~ts o( sa~d prwms. yo~Y note and th~s deed, o~ euher, sre no~ (ully performe6, comphed w~th and ab~dcd by, the s~~d aa~re~~te swn menuoned ~n a.~d Mwn~ssay nou shaU l+ec.~me due ~nd p~~vDle (atA~-uh or there~(ur •t the opUOn o( the Noil~a{ee as fu11Y and completely as if ~he .a~d •s~re~~~e sum ot aa~d p~om~ssory no~e ~as on~~nally stipulated ~o be pa~d oa such day, aeythm~ ~n s~~J promissory note w here~n ~u tht contrary noc~uRstandm~. V 1 That m~wder to acceler~te lhe mawnty u( the indebtedeess hereby aecwe~l, becawe o( the fa~l~ot ~he lNat~s~w to paY ~~Y •sses3ment, lubihtY, obli{a?~on or encumbrance upex~ sa~d p~operty, as here~n pravided, ~t shall not e necessary cu reQu~aue lhat the m~xt~a~ee ~hall fuct pay the s~me. The \brtgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby scrured and to [oreclose the same, pay either bzfore or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the \lorteagor far the protection of the mortgage security ot for the col- le~t~on of thr indebtedness hereby ~ecured. All sums so advanced or paid by the Mottgagee shall be charged into the m~~rtgage account and become an integral part theteof, subject in ail respects to the terms, conditions, and rovenants uG the a[uresaid promissory note. and this mortgage. as fully and to the same extent as though a part uf the ariginal indebtedness evidenced by said note and secured by lhis mortgege. excepting however. that said . sumc shall be repaid the Alortgagee fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of titie covering the mortgaged property shall at all times. during ihe liCe of th~s martgage, remain in ~x~ssession of the \lortgagee and in event of the foreclosure of this mottgsge or other transfer of title to the mortgaged property in extinguishmertt of the indebtedness secared heceby. all tight. title and ioterest of the \lottgagor in and to any such abstracts of title shail pass to the purchaser or grantee. To the extent of the indebtedness of the Mottgagor to the Mottgage~described herein or secured heteby. the \tortgagee ~s hereby subrogated to the lien at liens and to the rights of the owners and holders thereof of each and every mortgage, I~en or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in part, cwt of the proceeds of the loan described herein ot secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shali pasc to and be held by the \lortgagee herein as security for the indebtedness to the Mottgagee herein desctibed ~~r fiereby ~ecured, to the same extent that it v?~ould have been preserved and would have been passcd to and been hetd b~~ the ~tortgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort- gagee b~ separate deed of assignment, ~otw~ithstanding the fact that the same may be satisfied snd cancelled of recotd, it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders therc~~f at ~~r abaut the time o(' the recording of this mortgage. 5. ln the e~ent the ownership of the mortgaged premises, or any patt theteof, becomes vested in a person ~~ther than the ~kirtgagor, the ~tortgagee may, without notice to the Mortgagor. deai with such successor or suc- cessors en +nterest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in an~• way vit~ating or discharging the Mortgagor's liability heceunder or upon the debt heteby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to releas~, discharge, modify, change or affect the original liability of the Mortgaaot herein either in whoie or in part. 6. The lien of this deed secures and shall continue to ~ a nt o[ said indebtedness or indebted- ness, hov?ever ev~denced, w~hether by said ptomissoty note or any~ret~~I~~tAN~e~t{~b~t~ for. or otherwise. until all such i~debted~ess shall have been M11~awJiNC~ t~IM,i ppp~ $7 79 ; 7_ /n rhe e~ enr the mortgagors sell, convey or transjer~~ a nr rnise-s~tdynng tXe ~ijd ~-t~isneer[r ~ ~age. then chis mortgage shalt, at the option oj the ~11or?g~gee ht~iei~n, bec~o~~?~~b~tel~~fB3~ndl~a~ ~d+ f fu!! surn of the p?incipol 6alance and interest then due. ~~Fr~ n'~t:a bl t; e:,81t a~ s 8. The terms "Mortgagor" and "Mottgagee" w~heneve~t~~~ ~~}t,}y~} nt shall ~nc~dae tfie T'iei~• ~ personal rtpresentatives, successors and assigns of the respective patt~es ei$'I~~'herevec used the singular ~ number shall include the plur nd the plutat the singulat, a~ the use of any gender shall include all genders. ~ ~ ~ S~gn , sealed d ~ve ~ ' o - ~-~i~"~ ~L (Seall ~ e~ E. cs~a~~ STATF OF FLORIDA I ~~~$~Y 9~ ~`5 MILLARD McNEALY and BERTNA McNEALY, Also known Befote me petsonally appeared 83 BIR1'HA MeI~IEALY. r to me well known and known to me to be the individuals desctibed in and who executed the foregoing insttume~t, S ~ and aeknowiedged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and off~c~al acal in th~ County and State (ast aforcsa~d this gth nay of Se ember, 1~]1 ~ ~ ~ ~ ~ June 30 1975 .~?Iptf` , ge ~ \1y Ccxnrniss~on Exp~res: ' Notary Publ~c, State of ~ ~ e.N~ RECOa~~ ~ ' - ~ ctii-~~tiE COUMSr Fl~?• - f~ = = ~ gt. aO~E~ POtiSRAS ~ - . - : ~ : CIERK ~1f.GUlj COUat - _ e ^ _ , RfCOa~~EK~F~E01+~'~ _ d ~ 27 ro 59 aM'~ ~ , ~ ~ ` ~ Z1.s068 ~ o a ~ aoox~~ t~~~~ 3 _ 4 _ ~-_z,~ _ r ~-~:r _ _ _ .