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Home My WebLink About2094 ~ Cur File 5-25,321 th~s murt~ergr .v whr~ uarrsfti oi utlr tu thr mo~traged property ~n exungwshmtn~ a tht ~nJebteJnesa .ecwrd heroby, ~11 ~~~M, htle and intere.~ ~H the \t.u~ga~or m and to anY ~nsutance polic~tc ~Acn in (otct sAyli pass ta 1At putchaser ~~i R~~n~ee. (A) Tu p.~tn~m, c~unpl> ~'~~h rnd ah~de by each and evrry the sUpulat~~~ns, a~rrements, con3ihons and co~en~nh ~n sa~d prum~ssary nole and in ~A~. drrd .c~ fi~rth, 1 That ~I any a( said sum. ut mun:y hrre~n relrrr.l to be nut prumpily rnd [ully paid ~uh~n f~ftren days nexl a(le~ tht same ~trrrally brcumes Jue and payahte,ix J e~rA end every the supulauons, ag~eemcnts, r~~nd~Uuo. and covenants of sa~d ptom~s- swy no~e and th~a drrd, or e~cher, are not fuliy pertamrd, cumpl~ed w•~th and ab~ded the .aid aggrtgate swa mentwncd m said pr,~m~sso~y notc shall becane due and payable (wtAM~th ur thereafur at the option of the \1o~tgagee as tu11Y and completely as if the sa~d a«regate sum of said pran~~su~~ note vras or~e~nally s~~Dulated tii bt pa~d on such day, an~•thm6 m said promissory oo~e or herem to ~he contrary r.ota~ihs~andmE. 1 Th;~~ ~n orde~ ~o accelerate the mawnty uf thc indebtedness hereby crcwed, hecause of thr fa~lure o( Ihe \to~tgasor to pay any ~aa, ~ •cse~sment, l~ah~lu>'. ~~bliB+tion ~x .ncumbran~e up.m sa~d p~openy, as herrin provided, ~t shall no1 be ne~ts.ary cx repu~sht that the m.x~6aEee shall fu.t pay the same. 2. The \lortgaget may, at his option, and without w~ai~•ing his right to accelerate the indebtedness hereby sccured and tu forecluse the came, pay either before or after delinquency any or all of those certain obligations requirrd by th~ terms hereof to be paid by the ~lortgagor for the protection af the mc~ctgage security or for the col- lecti~~n of thz indebtedness hcreby ~ecur~d. All sums so advanced or paid b~~ the ~lortgagee shall be charged into the mortgage account and become an ineegral part thereof. subject in aU respects to the terms, conditions, and c~~venants oG the aforesaid promissor~• m~te, and this mottgage, as fully and to the same extent as though a part of the ariginal indebtedness evidenced by said nate and secured by this mortgage, excepting however. that said sums shall be repaid the !1lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mottgage aote. • ~ 3_ That the abstract or abstracts of title covering the mortgaged property shall at al! times, duting the life ~ ~•f this mortgage, remain in pc~ssession of the ~tortgagee and in event uf the foreclosure of this mortgage or other transCer ~~f titlc to the mortgaged property in extinguishment of the indebtedness securod hereby, aU right. title ± and ~nterest of the \turtgagor 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 !1lortgagee described herein or secured hereby, the ~tortgagee is heteb~• subrogated to the lien or liens and to the rights of the owners and holders thereof of each ; and every mortgage, lien or other incumbtance on the land described herei~ which is paid and!or satisfied. in i whole or in part, aut 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 pteserved and shall pass to and be hzld by the \lortgagee herein as securiry for the indebtedness to the 1lortgagee herein described on c~reb~• ~ecured, t~~ the same extent that it W~ould 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 Mort- gagee by separate deed o( assignment, notw~ithstanding the fact that the same may be satisCied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled ot record by the holders thereof at ~~r about the time of the recording of this mortgage. ~ 5. ln the event the ownership of the mortgaged premises, ot any part thereof, becomes vested in a person ~ other than the ~k~rtgagor, the ~tortgagee map, w~ithout notice to the 1lortgagor, deal with such successor or suc- ~ cessors in interest Nith reference to this deed and the debt hereby secured. in the same manner as with the 41ort- ' gagor Kithout in ~m~ way vitiating or discharging the 1~lortgagor's liability hereunder or upon the ~debt hereby secured. No sale of the premises hereby mortgaged and no Corbearance on the part of the hlortgagee, and no ex- tension of the time for the payment of the debt heteby secured given by the Mottgagee shalt operate to telease. t discharge, modify, rhange or aCfect the original liability of the \lortgagor herein either in whole or in patt. ~ 6. The lien o( this deed secures and shall continue to secure payment o[ said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or. extension thereoC or subslitute there- ( for, or otherw~se, until all such indebtedness shall have been fully paid. ~ ; 7. In the e~~•ent the mortRagors sell, convey or t?ans(er the mo~tgaged premises du?ing the IiJe oj this mort- ! ,~aRe, then th~s mo?~~aRe shaU. at the option oj the ;11o~~Ragee herein, 6ecome irnmediately due nnd payable Jor the j jull surn of the /?nncipa! halance and interest then due. ~ 8. The tertns "~lortgagor" and "!~lortgagee" w•henever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall incluJe the plural and the plural the singufar, and the use of any gender shall include all genders. , _ , ; S ned, sea an e iver in t presence of: (Seap ~ ~ ' " • (~-s~ Seal) , ` ' ~t,.~t/ ~7. ~ . i STATE OF FLORIDA I • ~ COUNTY OF ` ~ ~ ST. LUC~ Before me personallp appeated ROBERT G~I~Il~10N and SUSIE B. GAMMON~ h1S wife, f ~ to me well known and know•n to me to be the individuals described in and who executed the foregoing instrument, ~ and acknow~edged before me that they executed the same for the purposes there~n expressed. WITNESS,~?~~a¢':~~; ~ and ufficial seal in the Count~ and State last aforesaid this 16th Day of September, 1,9.~Z'`'' ' =-'•~';i;~~_ • ~ ``~„~~~uun~~.,,,. ~b v~~~ ~ ~ ~ ~ - . C ~ ~ y I 4 ~ ~ ~ r ~ 7~ 1 J ~ : ~ ~1y C.xnmission Expire~: Jut1e 30~ 1975 Notary Public, State of F10r1C1 ~~:l- ~ O ~~N f ~E N L0~~~~ ~ • , ~ 4~;c~~eEapoita~ uRi ( '~~i'r, ~ ax c~FCwz ~ - ~ e~E Ep~f?~o ~ REC~AO ~ ~ ~ y~'ti ~o ~~~Ofi ~2I~ = 238 - ~ . : . _ . - - ~ - ~ ~a : ~ ~ ' c ~ ~ as~ - a ~ '