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Home My WebLink About1283 Our File 5-23,058 th~s mun~age u~ utAer ~ransi~~ of t~tlc to ~he mortrared ~ropert~ m caun~w~hmcni u~ the indebteJnc+~ ~tIUfCA ~1[ff~1), JU nQht, ~~Ue ~nd ~ntrrc.t uf ~Ae A1u~~~a~or ~n and to any ~n ~u~ance pulic~es ihen ~n torce sAail pa.s to ~he purchaaer o~ 6r~ntee. (h1 Tu pcrtuim, rumply +'~th ~nd ab~de by each and cvery the ct~pulaU~:ns, r{rceme~ts, cond~UUn+ rnd co~en~nt~ in satd p~om~+~arq ! nutt and ~n ~h~. decd set fotth. i (i 1 TAat ~t any u( sa~Q sums ul mo~cy I1ftt1I1 ICifffC~ to bt nut promptl~ ~nd luUy pa~d r~th~n (~hcen d~ys ne?t •Iter the same ceverally becomes due ar.d payaAle,w it each and every the supulaUOns, n~reements, cund~twns and co~enan[s of sa~d prum~.- sory note and th~x deed, or either, art not fully performed, compl~ed ~~th and aD~ded Ay, the +r~d a~~reaate ~um menUoned in s~~d ~xom~ssor~ note sAall becane due and pa)'able (cxthWrth or tAercatter •t the upt~on o( tAe llurt~~Rte as (ully and completely as ~i the .aid a~~ro`ate aum of sa~d prom~sswy note ~vs or~ginally st~pulated tu De pud on sucA dry, anyth~n~ m ss~d prom~ssory note or here~n to ~he rontruy notr~thst~nd~n{- 1 That m orde~ to accelera~e the ma~unty of the mdebtednesa hereby secweA, A~cause ot thc failure o( ~he ~1ort~a~o~ u~ pay •n)' ta~, ~c.e.sment, lub~l~ty, o~l~~at~oo cx rnrumbrance upun sa~d property, as here~n ptuv~deQ, ~t shall not be ne.ec.ary or requ~s~te that thc murtgaEee s~~ll fust pay, the same. 2. The ~lortgagee may, at his opt~on, and without waiving h~s right to accelerate the indebtedness hareby~ ~erured and to foreclose the same, pay either before or after delinquency any or all of those cettain obligations ; requ~red by the terms hereof to be pa~d by the ~lortgagot for the protection of the martgage security or fot the col- lection of the indebtedness hereby secured. A!1 sums s~~ advanced or paid by the ~lortgagee shall be charged into the mortgage account and become an ~ntegtal part thereof, subject in all respects to the terms, conditions, and rov~nants of the aCoresaid promissory note, and this mortgagt, as fully and to the same extent as though a part ~~f the originai indebtedness evidenced by said note and secured by this mortgage, excepting however, that sa~d sums shatl be repaid the Alortgagee forthw•ith upon its demand and be in addition to the regular monthly instail- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shali at all times. during the life of this mortgage, rcmain in possess~on of the tlortgagee and in event of the foteclosute of this mortgage or other transftr of title to the mortgaged property in extinguishment of the indebtedness secuted hereby, all right, title and ~nterest o( the ~lortgagor ~n and to any such abstracts of title shall pass to the purchaser ot grantee. 4. To the extent of the ~ndebtedness af the Nortgagor to the ~lortgagee desctibed htrein or secured hereby. the \tortgagee is hereby subrogated to the lien or liens and to :he rights ~f the owners and holders thereof of each and every mortgage, I~en or other incumbrance on the land described herein which ~s paid and or satisf~ed, ~n whole or in part, out of the proceeds of the Inan described herein or secured hereby, and the respective liens of sa~d mortgages, liens or other ~ncumbrances, 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 indebicdness to the ?~tortgagee here~n described ' or hereb~~ secured, to the same extent that it would hati•e been preserved and would have baen passed to and been held by the ~tortgagee had it been duly and r~gularly assigned, transferred. set over, and delivered unto the ~~ort- ` gagee b~ separate deed of ass~gnment, notwithstand~ng the fact that the same may be satisf~ed and cancelled of record, ~t be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the ~ hoWers thereof at or about the time of the recording of th~s mortgage. ~ € 5. In the event the ow~nership o( the mortgaged premiscs, or an}~ part thereof, becomes vested ~n a person ~ other than the ~k~rtgagor, the ~tortgagee may, without notice ro the ~lortgagor, deal with such successor or suc- ; cess.~rs in ~nterest with reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- ~ gagor w~thout in an}• way vit~ating or discharg~ng the ~lottgagor's liability hereunder ot upon the debt heteby ; ~ secured.-No sale ~~f the ptemises hereby mortgaged and no forbearance on the patt oC the ~lortgagee, and no ex- ~ ~ tensi~~n o[ the time [or the payment of the debt hereby secured giv~n ~y the ~lortgagee shall operate to telease. ~ discharge, modify, change or a[fect the ong~nal I~ability of the ~lortgagor herein e~ther in whole or in part. ~ 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whether by said prom~ssory nate or any renewal or extension thereof ot substitute thete- # for, or otherµ~se, until all such ~ndebtedness shall ha~•e been Cully paid. 7. /n rhe e~•enr the mortgago~s selJ, convev or transJer the mortgaged premises duiing the liJe oJ this mo?t- ~ Ra~e. then th~s mortgage sholl, at the option oJ the :1fo~tRageP heresn, become ~rnmediately due and paya61e for the a full sum o/ the p~incipal 1~nlnnce and interest therc due. ~ R. The terms "~lortgagor" and "~lortgagee" whenever used in this instrument shall include the heirs, personal representat~ves, successors and ass~gns of the respective parties hereto. W~herever used the singular ` ~ number shall include the plural and the plural the s~ngular, and the use of any gender shall inctude all genders. a S 4y ~ ~ Sign , seaied d deli~• the presence of: ~~~~~~~G~ (Seal) ~ ~ ~ ~ ` (Seall g ~ ~ ~ / :s ~ STATE OF FLORIDA I ~ ';j COUNTY O j ss ~ ST. LU~ ~ _ Bet~re me personally appeared CECIL W. HAZELLIEF and ETHEL HAZELLIEF~ his wife - to me well know~n and known to me to be the individuats described in and who eaecuted the fotegoing instrument, ~j and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and off~c~al seal ~n the County and State last aforesaid th~s 13th Day of November, 1971 ~ . ' _ ~rr, _ F -f ~ty Commission Expires: Juile 30~ 1975 Votary Public, State of lorida .at ~ L~r FILEO AND ftECQRp 0 - iT, WCIE COUM1r f~~. . ' ' ttOCER POITRAf - , 6lERR CIRCUIT COIMT ~j . • IlECORO YERIFtEO~~. ` . f N0111~ z Z1 ~'7 ~ BOOK 1~ PaCE 1282 _ = 229~32 -