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Home My WebLink About0103 . ~ Our File 5-23,729 th~s mo~t~are .x otha uansfe~ of t~~lr to thr monXa~ed ptopt~t)' ~p eaun~wahmem ui tAe indebtedness +ecwcd he~eby, all ns~~, htle an~1 ~ntetest of the ~1o~t~a~w m snd to any ~nswance pul~c~es ~hen ~n fixce shall pass to tht purchase~ o~ eran~te. (A) Tu pr~fam, ..rnply rr~th rnd ab~de b~ eacA anJ evety the supulat~..os, a~reements, con3i~wns rnd cort~rnts ~n c~td ptom~+say no~e a~d iP ?h~s decd .et fortA, ) That d anY uf sa~d sum. ut mu~ry ha~re~n tettncd w bc nut ptump~ly :+rh1 fully pa~d vrithtn (~(trtn days ne~t a(ter 1 the same severally becomes due and payable,or ~t e~?h and e~•ery IAe supuleuons, a6~eemrnts, cund~~wos and covenants o( sa~d prom~s- ~ say nate and this dred, or euher, are not (ully performed, complied ~~th and abided by, the said agsrer~te sum mcouo+?ed in said E pran~ssory oote shall becane due and paya~le fatAa~tA or therea(ter at lhe optlon ot :he Nort~a~ee as fully and completely ss if tAe ` said a~~re~ate sum of said promiscwy note ~ras oe~e~nahY siipula~ed to be pa~d on such d~Y, anyth~ns io said promisso~y note or here~n ~ to the contrary not~ nhstandmR. ' ' 1 That m order to accele~ate ~hc matunty of the indeDtedness hereby srcwtd, because ut the (a~lure of ihe Matga~ur to pay any ~ax, ' asse.sment, IuA~lity, uDligatiun ~x rniumD~ance upon sa~d property, ss hetem p~ovided, ~t shall not bt ne~tssary or requ~site that the ~ mwtsa~ee chall (u~t psy tht same. 2. The ~lortgagee may, at his option, and without wai~~ing his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinque~cy any or all of those certain obligations required by the terms hereof to he paid by the ~lortgagar for the protection of the mortgage security or for the col- lectii~n of the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shall be char6ed into the martgagt account and become an integral part thereof. subject in all respects to the terms. conditio~s, and cc?venants oG the aforesaid ptomissar~• n~~te, and this mortgage. as [ully and to the same axtent as though a part o! the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the !1lottgagee forthwith upun its demand and be in addition to the regular monthly install- ments provided by the mortgage note. . 3. That the abstract or abstracts oC title covering the mortgaged property shall at all times, during the life of this rrx~rtgage, remain in ~ssession ol' the ~lortgagee and in event o[ the foreclosure of this mortgage ot othet transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the \lortgagee is hereb~• subrogated to the lien or liens ar~d to the rights of the ow•~ers and holders thereof 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 ot the loan described herein or secured hereby, and the respective liens ot said m~rtgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the \tortgagee herein as security for the indebtedness to the Alortgagee herein desctibed or hereby ~ecurrd, to the same extent that it w~ould have been preserved and would have been passed to and been held by the ~k~rtgagee had it been duly and regu(arly assigned. transferred, set over, and deliverec! unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the mtention of the parties hereto that the same will be satisfied and cancelled of record by the holders theteof at or about the t~me of the tecording of this mortgage. 5. In the event the ow~nership of the mottgaged premises, or an~~ part thereof, becomes vested in a person othe: than the \lottgagor, the \lortgagee may, without notice to the Mortgagor, deal with such successot or suc- cessors in interest Nith re[erence to this deed and the debt heteby secured, in the same manner as with the ~1ort- gagor K~ithout in an~• vvay vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby , secured. Na sale of the premises hereby mc~rtgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment oF the debt hereby secured gi~en by the Mortgagee shall operate to release, ~ cls~~hs:g:., ~~,3ify, changc aTi'aci the original liabitily of the ~k?rtgagar hetein either in whole or in part. 6. The lien of this deed secures and shall continue to secute payment of said indebtedness ot indebted- ness, however rvidenced, whether by said promissory note at any renewal ot extension theteof or substitute thcre- ~ for, or utherwise, until all such indebtedness cha!! ha~e been fuliy paid. E 7. In the erert? the mortgagors sell, convey or transjer the mortgaged premises during the lije oj ~his ~nort- ; ;qage, then this mortgage shal/, ar thP op~ron uj the .tlorlR~gee herein, become immediately due and payable Jor 11~e E Jull sum oj the p~inc~pal iwlance and interest then due. ~ 8. The terms "!1lortgagor" and "Alortgagee" whenever used in this instrument shall include the heirs, t petsonal representatives, successors and assigns of the resPective patties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. i ~ ~ ~ ~ Si ed, sealed a li~~ ed in the presence of: v' (Seal) ~ ~ - ~c'-~ ~ G G (Seal) ~ ~ € ~ ~N ~ ~ ~ s STATE OF FLORIDA I ~ ~ COIiNTY OFY~~X ~ ~ SBe(orLmCpEsonally a~~eared ,TUAN L. ECNANES and RUTH A. ECHANES~ hfs wife, ~ to me well known and known to me to be the in.iividuals described in and who e?~ecuted the fotegoing instrument, i ~ and acknowledgeJ before me that they ezecuted the same for the purposes there~n exptessed. WITNESS ~I~aod j ~ and off~cial seal rn the Count~ and State last aforesaid this 19th Day of February~ 19~~~~~~~.~ ~yQ;;'~~•,,~~ ~ ~ ~~'y ; r ~ _ _ , _ _ ~ lorida a~ ~ T . ~ = r3 ~ty C~xnmission Fxpires: _..,TLnp ~0 ~ 1975 Notaty Publi of F ?J, . ? ~ FILEO ANO RECOR~E~ ~ , ~ ~ iT. lUC1E COUNt~ fl • ' ' ! " ROCER PO~TRAS ~ ? - CLERK CI~CUIT COURt REC~RO VEF~FtED~ ~ ~ F'Ee 19 2 3a PM'1Z ~ ~ ~ ~~Z00 ~ l0Q ~ 2~4633 ~ - - _ ~ _ . _ ~ r~-~:~ ~ ~ ; . . ` ~ . ~ _ _ fr ~ ~ ~ ~ . , T~:~.~