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Home My WebLink About0751 Our file 5-24,684 th~s mor~~a~e or other trsnsfa of t~tle to the mu~t~a~ed property ~n eaun~uuRment m the ~ndebtedness ~ecurcd ~ereby, ~11 n~M, t~tle and ~n~eres~ ut the Mo~tsajor ~n and to any ~nswance policies then m foree shall pass to ~he purcAaser or gramee. (h) To per(am, comply w~th and ab~de by eacA and every the supulauons, a~reements, cond~huns and co~~enants ~n s~~~! prum~ssory ~ote and in th~s decd sN forth. (i1 That it any of said sums of muney herem referrcd to be oot promptly and (ully pa~d ~ithm hftttn days neu ~(tcr the same severally becomes due and payable,ur eacA and every the supul~t~ons, a6~eemer.ts, cond~uuns and co~enants o( sa~d prum~.- • so~y note and tAis deed, or e~ther, sre not (ully per(ormed, compl~ed Wi~h and abided by, ~he sa~d aRaregate yum menuoncd m said pomissay note sAail become due and payyble fa~A~~th or thereatter at the opho~ ot the Uort~aRae as fully and :ompletely as ef 1he said a~sre~ate swa ot said pranicsury eote w•as on~~nally supulated tu be paid m such day, anytAm~ m said prom~ssury Rote or hercm to the contrary not~•i~hstandine. (j) Thst in order to accelerate the matunty o( the indebtedress hereby secwed, because o( ~he ta~lu~e of the Sto~tgago~ pay any ~rs. assessment~ 6aE~lity, obli~ahon ~x encumbrance upa? said property, as htrein provlded, ~t shall not be necessary « reQuisitt thu ~he mort~a~ee shall first pay the same. 2. The Mortgagee may, at his optioa, and without waiving his right to accelerate the indebtedness hereb~~ secuted and to foreclose the came, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Nortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. AI! sums so advanced or paid by the hlortgagee shall be charged into the mortgage account and become an integral part thereo[. subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of tfie ariginat indebtedness evidenced by said note and secured by this mortgage~ excepting however, that said sums shall be repaid the Mortgagee forthwith upun its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of titte covering the mortgaged property shall at all times, during the li[e of this mortgage. remain in possession of the hlortgagee and in event of the toreclosure of this mortgage or other transfer of title to the mottgaged propetty in extinguishment of the indebtedness secured hereby. all right, title and interest ot the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or gcantee. 4. To the extent of the indebtedness ot the Mortgagor to the Mortgagee described herein or secured hereby, the hlortgagee is hereby subrogated to the lien or liens and to the rights of the owners ar.d holders thereof ot 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 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 and be held by the Mortgagee 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 held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the htort- 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 satisfied and cancelled of record by the holders theteof at or about the time of the recording o[ this mortgage. . 5. In the event the ownership of the mortgaged preEnises, ot any part thereof, becomes vested in a person other than the Mottgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessots in interest with reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor without in any way vitiating ot discharging•the Afortgagor's liability hereundet or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fotbearance on the patt of the 1~tottgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to release, discharge, modify. change or affect the original liability of the Mortgagor herein either in whole or in part. ; 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 or any renewal or extension thereof or substitute there- ; for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. In the event the morfgagors sell, convey or ~ransjer the mortgaged premises during the lije oJ this mo~t- ~ gage, then this mortgage shall, at the option oj the ,Slo~tgagee herein, 6ecome immediately due and paya6le Jor the ~ jull swn of the principa! balance and interest then due. ~ 8. The terms "Mortgagor" .and "Mortgagee" whenevet used in this instrument shall include the heits, ~ personal representatives, successors and assigns of 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 inclnde all genders. Sign , sealed d r in the resence of: ~Q~- (Seal) al) / ~ ' c c. ~-s t d -c. f ? STATE OF FLORIDA I COUNTY OF Q~QE ~ ss ST~c~~LUC~ ~rsonally appeated ROBERT LEE CARTER and MARY LEE CARTER~ his wife~ ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, k~ ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my h~nd ~ and official seal in the County and State last aforesaid this 8th Day Of JLil.y~ 1972 ~ t, ~r Ye. ,c~: ~ a. C- . y•,~ : - ~ : ~1y Commission Expires: JuIIe 30, 1975 Notary Public, State of Florida 81.` :L~ FJ lE~ AND RfCORDE~ ' ~ - sT. ~UCIE COUNtY FLA- ~ ~ - IlOCER POITRAS . ' ' " - ~ CLERK CIRCUIT COURt ~ ~ ~ ~ ~ RECbRD YERtf1ED - r 1~ 2 z~ PM'7Z ~ 233324 ' aooK 2~4 PAGr 75~ ~ . . - . . , p:~;~~ r'..`.' ~ _ 'f' ~e,_„ rdv'% q~ .~2'rW+--~"'~.^ .r . . . _