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Home My WebLink About2040 Our file 1-24,562 thu muttga~e ot utht~ tans(e~ uf t~tle !o tht murtgaged ptopcr~~ ~n esunru~~hment uf the ~nJebtednesa se~u~rd hereby, rll neht, title and ~nterest o( tAt Mo~t~a~w ~n ~nd 1o any ~ncu~ance pulic~es ~hen ~n (orce shall pau to the putchaser ot ~ramee. (h) pertam, comply Wuh and ab~de by each and every the supuiauons, a~reemeots, cood~twns ~nd covenan~. ~n said pr..m~.sury note and in th~r deed set forth, (i ) TAaI tf-any ot sa~d sums ol monry here~n rcterred to be not prompti) and tully pa~d ~uhm (~(tcrn day. ne~t ef[er the samt severally Aecomes dut and paY~hle,ix ~f rach and every the st~pulauons, a~reemtnts, conJ~uuns and covenan~s of .a~d prumi>- sory note and tAis deed, or e~ther, are not (ully per(wmed~ compl~ed with and ab~ded by, the .a~d aa~re6ate sum mentianrJ ~n caid p~om~ssory note shall become due and pa)vble forthrith or therea(ter at the option of the Mo~tga~re as (ully and completely as d the s~id as~teptt sum ot said promisswy note vras one~nally st~pulated to be paid oo such day, anythin~ ~n sa~d ptam~csor~ note or here~n to ~he ca+uary notrithsue~di~~. ) Tl~at ~n wder to accelera~e tAe mawnty o( the indebtedness Aereby secured, because oI the failure of the \f«~ga~u~ pa~ an> assessment, I~a~iGty, obli~ation cx tncumbunce upcx~ said ptoperty, as htrem prov~ded, ~t shall nol be ne~•es~ary .x reqws~tt tha~ thc mat~ajee sh~l) first pay the same. 2. The !Nottgagee may, at his option, and without waiving his nght to accelerate the indebtedne~s hereb?~ secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the ~lortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integtal part thereof, subject in all respects to the terms, conditions, and covenants of the a[oresaid promissoty note, and this mortgage, as fully and to ihe same extent as though a part of the original indebtedness e~idenced by said note and secured by this mortgagt, excepting howevec, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instail- ments provided by the mortgage note. 3. That the absttact or absttacts of title coveting the mortgaged property shall at all times, during the life of this mottgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage or ather transfer of title to the mortgaged property in extinguishment o[ the indebtedness secuted hereby, all right, title and interest of the 1Aortgagor 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 Alortgagee described hereirt or secured hereby. the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners 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 of the loa~ described herein or 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 shall pass to a~d be held by the ~lortgagee herein as security for the indebtedness to the !~lortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly assigned, trans[ened, set over. and delivered unto the A1ort- 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 parties hereto that the same will be satis~ied and cancelled of record by the holders thertof at or about the time of the recording of this mortgage. 5. In the event the ownetship of the mortgaged ptemises, ot any part thereof, becomes vested in a person other than the hlortgagor, the ~tortgagee may, without notice to the tilortgagor, deal with such successor or suc- cessors in interest w•ith reterence to this deed and the debt heteby secured, in the same manner as with the ~1ort- gagdr w~thout in any way vitiating or discharging the Mortgagot's liability hereunder or upon the debt hereby ` secured. No sale of the premises hereby mortgaged and no [otbeacance on the patt of the Mottgagee, and no ex- ~ tension of the time for the payment of the debt hereby secured given by the !Nottgagee shall operate to release, dischatge, modify, change or affect the original liability of the ~lottgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whether by said promissory note ot any renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. 7. !n the event [he mortgngo?s sell, convey or transJer the mortgaged prer?~ises during the lije oj this mort- ~ gage, then this rnortgoge shatl, at lhe aption of the Alortgagee herein, 6ecome inimediately due and payable Jor the ~ Ju/l sum oj the principal balance and interest then due. ~ 8. The tertns "!Nortgagor" and "hlortgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns o[ the respective parties 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. ~ ~ gned. seal a el~ ete ~n the presence of: ~ { (Seal) ~ ~ i € (Seal) ~C~.f.~ . c~1LO J STATE OF FLORIDA I ~ COUNTY OF ~ j ss S~. LUCIE ~ ~ efore me personally appeared . JONN W. BLACK~ Jr. AND MARY F. BLACK~ hiS wife, ~ to me well knovm and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged before me that chey executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last afotesaid this 15th Day of June, 1972 ' ~ : s r ~a~ - ' 3 ; • ; .d -t _ ~ . ~ , , : ; ~ ~1y Commission Expires: JUIIe 3O~ 1975 Notary Public. State of Florid~i r REGuk0E0 ; •yi. ` :i s/ t ~ FtLEO aM= ~Ty FU- , ~ St WCIi. C9U , ROCE" ~t~AS ~ ~ CLEFK ~,":GJ~T COUR ~ ' ~ i!:p ~ .,~+i~`'~~, ~ RFC02:^.' 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