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Home My WebLink About1082 ~ Our file 5-23,495 tA~s mort~sgt ot other t~anster o( t~tle ~o tAe mu~tra~ed propetty ~n e~un~{wshmen! u1 tAt ~ndebtedness securcd Rereby, all ~~~At, h~lt and mtcrest o( the Mwt~a{~x ~n and to sny ~nsu~ance polic~es then ~e torce shall pass to tAe putcMset or ~rantee. (h) Tu perf~rm, complY •n8 ab~de by eacA a~d eve~y ~Ae st~pulst~ons, +~rcernents, conditwns and covenrn~s ~n sa~d prumissory nate and in tAis deed set forth. 1 That d any ot sud aums ot money here~n referted to be not promptly and fully pa~d ruh~n f~(tceo days ne~t afie~ ~he same severally becomes due and payable, a each and eve~y the supulat~ons, ~~reements, cond~l~o~s and covenrnts o( sa~d p~an~s- sory note and th~s deed, or ertAer, •re not (ully performed, compl~ed With and ~~~ded by, the sa~d a~repte sum menuoned ~n sa~d prum~~say ~ote shall become due and payable tatA.r~tA a thereatte~ •t tl~e opGon ot the Mwtsa~ee ss fully and completely as if the .aid a~~epte sum o( sa~d p~omissay note Was on~~n~lly st~pul~ted to be p~id on such d~y, anytA~n~ ~n ~s~d proen~ssoty note or here~n tu the contrary notw~thst~odin~. 1 That ~n order to accele~~te the matunty of the indebtedness hereby secured, because ot the ta~lure o( the A1wt~a~ur u~ pay any ta~. assesnment, I~ab~Gty, obl~pUOn or encumbrance upon sud ptopetty, as here~n ptovided, ~t shall not be ne.essary a teQws~tt that the mo~isa~ee shail (~rst pay the same. ~ The Nc~ttgagee may. at his option, and without waiving his riaht to accelerate the ind~btedness hereby secu:ed and to foreclose the same, pay either before or a[ter delinquency any oc all of those certain obligations required by the terms heteof to be paid by the Mortgagor for the protection of the~mortgage secutity or for the col- ?ection o[ the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms. conditions, and covenants ot~ the aforesaid promissory note. and this mortgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said su~~s shall be repaid the Alortgagee [orthwith upon its demand and be in additio~ to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absvacts of title covering the mortgaged property shall at all times, during the life of this mortgage, remain in possess~on of the Atoctgagee ar~d in event of the foreclosure of this mortgage or other transfer of titte to the mortgaged property in extinguishment of the indcbtedness secwed hereby. all right. title and interest of the Nortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent o[ the indebtedness of the Mottgagor to the Mottgagee described herein or secured hereby. the Rlortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders theroof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in whole or in part, out of the proceeds of the loan described herein or secuted hereby. and the respective liens of said mortgages, liens or othcr incumbrances, 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 hereby secured, to the same extent that it would have been preserved and would have been passed to and been heid by the !4lortgagee had it been duly and regularly assigned. trans(ened. set over, and delivered unto the hiort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the patti~s hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the tim~ of the recording of this mortgage. 5. In the event the ownership o( the mortgaged premises, or any part thereof, becomes vested in a person other than the 4k~rtgagor, the ~tortgagee may, without notice to the Nortgagor, deal with such successor o~~ suc- cessors in interest w~ith reference to this deed and the debt heteby secured. in the same manner as with the ~1ort- gagor without in any way vitiating or discharging the Mortgagot's liability hereunder or upon the debt hercby secured. No sale of the ptemises hereby mortgaged and no forbearance on the part of the Mortgageo. and no ex- I'f tension of the time for the payment of the debt hece.by secured given by the Mortgagee shall operate to release. ! discharge, modify, change or affect the original liability of the Mortgaaor herein either in whole or in pact. ! 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, however evidenced, whether by said promissory note ot at~~w~l ~n~jq}{~~c~lldr ~s~e~ for, or otherwise, until all such indebtedness shall have been full~ a' ~~p ; j~P o a:atur i s~ 1~t4~.5$ ~ 7. !n the event the mo~tgago?s sell, convey or transJer t~ Mi~t~~~Riis~eps ~ur~n th~ ~~re or~'~is ~n t ~ Rage, then this mortgage shall, at the option oj the bfortgagee i~gft(tilcdMR~ii~l~If~~ ~yl~~ J~~~~ ~ jull sum oJ ~he principal balance wed interest then due. u~a R.,~~ by tf.g ~t~;;': ~ t W~illr ~ ~ 8. The tecros "Mortgagot" and "Mottgagec" whenever use inst ment shali include the heirs, ~ personal representatives, successors and assigns of the respf~~ ~~c~herever used the singular number shall include the plural and the plurai the s~ngular. and the use of any gender shall include all gendets. ~ _ ~ Si ed, sealed anJ deli re the presence of: (Seal) (Seal) 7 ~ 3 ~ STATE OF FLORIDA I ~ couNrST ~ LUCIE f SS ' Bcfore me rsonall a earcd RUTH PITTS atl unmarried WO W1dOW ~ a y pp ~ ~~'~]E~gP.~TT-S ' - to me well known and known to me to be the individuals described in and who execute t e oregomg ~nstrument, ` and acknowledged before me that they executed the same [or the purposes therein expressed. WiTNESS my hond - and officiai seal in the County and State last aforesaid this 22nd Day of January, 1972 . t r~ : . - j . i ~:ti l ~v ~ ~1y Commission Expires: June 30, 1975 [Votary Public, St , g~'~ L r e ~ ~y' . ; ;1 # " i LED ANO RECOROEO ~ . ~ t~. wcic COUNTY f~A. IIOCE^ POITRA; f,? CIERK G~'CUIT COUIlT *l~ ~ RFCOR~ VEP~c~ED~~~L ~ R 1yg F~,~E~.081 ~ = FEd 3 lfl 36 ~M'~1 Be~K ~ ~-q~ 2~~3~2t) ~w. ~ v x~ _ : ~ ~ _ ~ _ _ _ . . : ~ _ ~ ~