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Home My WebLink About0219 Our f ile 5-25,448 tA~. munKa~c ~K achr~ Iraosle~ of hlie ~o ~Ae mort~a~ed poper~v m eaunruwhmen~ 01 the ~ndebtedness secwrd here~~, ~11 r~tAt, uUe r:+.1 ~n~ert..~ the \lortsa~w ~e and lo aoY ~nsuraece pol~c~es ~hen ~n (urce chall pass ~a ~he purcAaser i~r ~rantec. (h~ Tu prr~Mm, :.~mply rrith and ab~de ~Y eacA and everY ~Ae supulat~uns, a~rcements, condu~on. and cc~enant. in .aid prom~.~or~ noie and ~n th~. derd se~ (urth. 1~1 That ~t any of sa~d sums ol money here~n reler~ed to Ae not pranptly and (ully pa~d wuhm 1~(trrn d~>~ ne~t atter ~he same ~rvenlly becomes due and paYahle.a d each and every the s~~pulauonc, aR~rements, :~~nJ~uonc and co~enamc .a~d prwn~.-~ ~~uv notr anJ lAis .~eed, ot r~tArr, ate not fu!!y prrforened, ccue~Dlud ruh and ae~ded ~Y, ihe .a~d ag~trcRatr cum mrm~nnrd ~n ~n~d M~~m~ssw~ note shall become due and payable fatAv.itA ix tAerea(ter at the ophon o( ?Ae \lortgaset as (ully and complrtel>• a~ ~hr :aid aR{regale sum o( said prom~s.ory note ~~as on~~na11Y supulated la be pa~d ix: cucA d~Y. aoyth~n~ m sa~d p~om~csorv note or herean t~. the :~~ntrrr~ noh~~thstand~np. li 1 The~ in ~~rder to accNerste thc mawr~ty ot the ~ndebtedness hereby secuted, ~r~ause o( tht fa~lurt of tAe \1o~tg~~u~ ~n pa~ an)' w~, ac.e..mcnt, I~ab~~ily, obl~~ation ~w rncumbrante upon sa~d property, as Atte~n prov~ded, ~t shalt nol be ne~esca~) ot reqwsitt Ihat ~ht mor~Ra~:ee shall t~rct pay the samt. The ~lortgagee may, at his opuon. and without waiving hi~ right to accelerate the indebtedness hereb~• .erured anJ to forecluse the same, pay either before or after delinquency any or all of those certain obiigations requ~red by the terms hereof to be paid by the \lortgagar for the protectioo of the me~rtgage security or for th~ col- le.t:on ~~f thz indebtedness he'teb~~ secured. All sums so advanced ot paid by the ~lottgagee shall be charged ~nt~~ the raartgage account anJ become an ~ntegtal part thereof, sub~ect in all respects to the tetms~ conJition~. and r~•venants of the aforesaid pn~missory note, and this mortgage, as fully and to the same extent as though a part . af the orig~nal indebtedness evidenced by said note and secured by this mortgage. excepting however, that said ~umc chall be repaid the 1~ortgagee forthwith upo~ its demand and be in addition to the regular monthly install- inents prov~ded by the mortgage note. i. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life ~~f th~. martgage, rema~n in possession of the Alortgagee and in event of the foreclosure of this mortgage ot other tramfer:?qe-.~itle to the mortgaged property in extinguishment o[ the indebtedness secured hereby. all tight, title and ~nteie~t of the `lortgagor in and to any such abstracts o[ title shall pass 1o the putchaser or grantee. -1. To the eztent of the ~ndebtedness of the NMrtgagor to the Mortgagee described herein or secured hereby. the ~lortgagee is hereb~• subrogated to the lien or liens and to the rights of the owners and holders ther~of 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, aut of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages. liens ot other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~lortgagee herein as security for the indebtedness to the Mortgagee herein d~scribed or hereb~~ ~ecured, to the same extent thaE it would have been preserved and would have been passed to and been held by the '?1~rtgagee had it been duly and regulatly assigned, transfened. set ovet, and delivered unto the :11ort- gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the ~ntention of the parties hereto that the same will be satis[ied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownershio of the mortgaged premises, or any part thereof. becomes vested in a person other than the \lortgagor, the \lottgagee may, without n~tice to the Mortgagot, deal with such successor or suc- cess~~rs in int~rest with reference to this deed and the debt heteby secured, in the same manner as with the ~1ort- gagor ~~thout in am• way vitiating or discharging the hlortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee. and no ea- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, chaoge or affect the original liability of tifie \1ortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue [o securc payment of said indebtedness or indtbted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute thete- ' for, or otherw~se, until all such indebtedness shall have been fully paid. i T. In ~he e~~ent the mortRagors sell, com•ey or transjer t6e morlgaged premises during the lije oJ thts neor(- ~ Kaqe, then th~s mor~gnge sho!!, at the option oJ the .'Ifortgagee herein, becorrte immediateJy due nrtd payable Jor ~he full sum oj the prrncipal bolance and inlerest then due. 8. The terms "!Nottgagor" and "Rlortgagee" a~henever used in this instrument shall include the heirs, - perconal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular number shall include the plural and the plutal the singular, and the use of any gender shall inclade all genders. /j~r. ~ S~gn d, sealed and liv red in the presence of: ~ ` (Seal) ! . ~ lr1r~~...~ ~ o~~ (Seal) STATE OF FLORIDA I COUNT~ OFL~~~ j ss 5 . ~ Before me petsonally appeared WILLIE DIXON and MANDY GILBERT DIXON ~ his wife to me well knowr and known to• me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 28th Day of September, 1972 ~ 1`t~f~!11•!: ~ . }`1 ~Q; 4,C., June 30, 1975 lorida ~i,~r ~ ~9``. ~~-I ~ty Comm~ssion Expires: Notary Public e of ~ 'T-7. ~ ~ - V' : FIlEO ANC RECORDED ' x~`•~' Q . ST. WCiC ~~UMTr fLA. ~ ROCER rO~TRAS y•-.....•• ~ i. CIERK Ct~~,U~T COURT ( ~ ' RECC~~ vE? D Oci 9 4 06 PN'?Z z:~~49s . s~0? ~ ~19 _ _ _ r _