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Home My WebLink About1697 Our fiLe 5-25,309 ~hu murt~age ~y i~~hrr t~an~fc~ of u~le tu th; murtKa~ted pruprrty m raungw~hmeo~ .~t thr ~nJthtednr.+ ~rcwrd hettb), ~11 r~ght, htie and ~nte~est i~i ~hr \1or[Ra~w m and ~o any ~nsurencr pul~c~ec ihen ~n (urce sh~ll pa~s to ~hr purch~aer ur Krantee. • (hl To pe~lnrm, complY ~'~th and ah~de hy ea.h and rvery ~he stipuleuon+, agraements, cond~Uon~ rod covrnams m.a~d prom~.~ury note and m th~. derd sN (ortA. . Tha~ d any uf sy~d sums uf monr> h~:ein rcfe~rrd to be not prwnptly and (ull~• pa~d w~~hin idtren Jays nr~t ~Iter the same severally b:comts dut and payahte,~N d ea:h nnd every the st~pulauon~, ag~rcmrnts, con.t~hon. and co~enrnt> of .a~d D~~~~~ sory note and tA:s Jeed, or e~ther, arr nat (ully =+rr[o~mrd, compl~ed w~th rnd ab~dcd hy, the .a~d ag6~egatc sum mrnuanrJ ~n ca~d pnxmssay note shall becwae dur and pa)'able f~xtA~uh ur ~hr~eattrr at tAe opt~on of the \1u~tRagrr as (ully and romple~ely thr .a~d a6~te~ate sum o( sa~d prom~ss~xy nota wa~ ong~nally supulated to be pa~d on ~{~A daY, anyth~ng ~o said prom~s.ury no~e ~x hereln tu ~he cwa~uy not•a~tfistand~ng. l~ 1 That ~n order to ac~elente thc matunty of tht ~ndebtedness hereby secured, brcause u( thc (a~lure o( tAe ~twtgagor a~ pay any ta~. rssessment, lubilrt~•, obl~gat~on ~x rncumbrrnce upun aa~d property, as hcrem prov~ded, i~ shall not be necrs.ary ~x requ~sue that the most6agee shall fu~t pay the same. 2. The ~tortgagee may, at his opt~on, and without waiving hi~ tight to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those cettain obligations tequired by the terms hereo( to be paid by~the ~lartgaaor for the protection of the me~rtgage securit~~ or for the cal- lection of the indebtedness hereby secured. All sums sa advanced or paid by the \lortgagee shall be charged into the mortgage account anJ become an ~ntegral part thereof, subject in all respects to tfie terms, conditions, and covenants oG the aforzsaid pmmisson note, and this mortgage, as fully and to the same extent as though a part uC the ariginal indebtedness evidenced by saiJ nate and secured by this mortgage, excepting however, that said sums shall be iepaid the ~lortgagee farthwith upon its demand and be in addition to the regular monthly install- ments p:ovided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged propett~ shall at all times, during the life of thiti mortgage, tema~n in pos~ession of the ~tortgagee and in event of the fareclosure of this mortgage or other transfei of title to the mortgaged property in extinguishment o( the indebtedness secured hereb~~. all right, titte and interest of the ~lortgagor in and to any such abstracts of title shall pass to ihe purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the ~1ottgagee described herein or secured hereby. the ~lortgagee is hereby subrogated to the lien or liens and to the rights of ihe ow•ners 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 ptoceeds of the loan described herein or secured heteby, 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 ~lortgagee herein as securit}~ for the indebtedness to the ~lortgagee herein described or hereby secured, to thc same extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned, transferred. set over, and delivered unto the !~1ort- gagee by separate deeJ of assignment, notw•ithstanding 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 thereof at or about the time of the recording of this mottgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \lortgago~, the ~lortgagee may, a~ithout notice to the \lortgagor, deal with such successor or suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same manner as with the ~iort- gagor w~thout in an}• way vitiating or discharging the \iottgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereb~• martgaged and no forbearance on the part of the ;1lortgagee, and no ex- tension of the time (or the payment of the debt hereby secured given by the ~lortgagee shall operate to telease, discharge, modify, change or a[fect the original liability of the ~lortgagor herein either in whote or in part. The lien of this deed secures and shall continue to secure pa}ment of said indebtedness or indebted- ness, how~ever evidenced, w~hether by said promissory note or any renewal or extension thereof or substitute there- j for, or otherwise, until ali such indebtedness shall have been fully paid. ~ 7. In the e~•ent the mortRagors sell, com•ey or nansjer ~he mortgaged premises during the liJe oj this mo?t- ~ RaRe. then this mortgage shall, ar the option oj the ,Ilortgagee herein, becom.e immedintety due and pnyable Jor the si full sum oJ the p?~ncipul ba:ance and interest then dae. ! 8. The terms "~lortgagor" and "1~lortgagee" w~henever used ir~ this instrument shalf include the heirs, ~ personal representatives, succ~ssors and assign+ 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 include all genders. Sign , sealed d~ e e presence of: ~ (Seal) !~-c~C- l t--~ (Seal) / G sL l~ ~ -C ~t. r, c --L STATE OF F1.ORIDA I COUNTY OF}I~11~ ~ ~s ST. I~UCIE p,~~, F. HUGGINS, JR. and DONNA E. HUGGINS, his wife, ~ Be ore me personally appeared to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~x and acknowledged before me that they executed the same for the purposes therein expressed. WITN~SS~my,J~and,:-~ ~ and official seal in the County and State last aforesaid this 7th Day of September~ QOtaO''~•,,,- rj''r , - ~ . ~ l9/;'..r0 = , 238~$2 _ _ ~,r - = _ c~~ : ~ty Commission Expires: Jut1e 3O ~ 1975 {~iotary Public. State of Florida's,~. 1~ ' : : F~LEO ANO Nt pU~! iT. yCIE C011~TY FtA. _ _ CtEftR C RtW~t COURT ~ ~ IIECORO YE~~FtED..~..~.r ' SEr 3 K PM !1t ~ ~ ~ ~2~6 ~~ti~ ~ # _ _ ' . , ' ~ ~~a~.~~~,~