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Home My WebLink About0222 ~ Our file 5-25,449 th~. mu~tRa~c ~x oiher tnnslei of htle to ~At mo~tsa~ed prope~~y ~o eiun~wahment m tAe ~ndebtedness secwrd hrreh~, ~U neht, ~~tle ~nd ~nterc:t uf ~he \tottsa~ur ~n ~nd ~o ar.y ~nswance polic~es ~hen in face chall pass ~a the putcAaYer or Rran~et. IA1 Ta prr~am, cwnply ~r~th and ablde by eacA and evety the aupulat~ons, a~reements, cond~hons and coseeantc ~n ~aid Drum~.cun note and ~n ~A~. dced se~ (orth. 1~ 1 Tha~ any o( sa~d sums ot muney hert~n refrrr:d to De not promptly and (ull~ pa~d ~uhm i~f~rrn dr~. ne~t ~r.er ~he samt sr~erslly etcomes due and piyaAle,ix ~i each and every lhe st~pulauons, aprcemtnts, condu~on~ and co~tnan~~ ut .a~d prum~.- .~,rv noir a~d lh:s deed, or euher, are not fully pertotmed, compl~ed vi~h and ab~ded Ay, ihe +a~d rRRresa~r sum mrnuoncd ~n c.~~d pn.m~scor~ n~~te shall become dut and payable farthM~th or thertatter at the opuon of the \tortEa~ee as (ully and :nmplrtcl> as thr • .a~d aRare~ale ~um o( sa~d prom~c~ory nnte ~ras on~~na11Y supulated tu be pa~d on cuch d~y. anythioe ~n sa~J prom~s~ury a~te or hercin t~~ the ion~~rr} notyithstandmR. 1~ 1 Th.,~ ~n ~rder to ucNerate the mawnty uf the ~ndebtedness hereby securrd, brcause u( Ihe (a~lurc o( the \1or~gafw i~~ pa> any ia~, .,c.c~:ment, Ii~A~l~ty, obl~Eation nr encumbrance upon sa~d property, as htre~n pro~r~ded, u shali not be neicscrry or requ~c~te that ~hr m..rtpeKee vhall f~n~ pay the same. The ~lortgagee may, at his opt~on, and without waiving his r~ght to accelerate ihe indebtedness hereb~• .erured and to foreclose the same, pay either before or after delioquency any or all of those certain obligati~~ns required by thr tetms hereaf to be paid by the ~lortgagor tar the protection of the me~rtgage security or for the col- le~tion ~~f the ~ndebtedness hereby secured. All sums so advanced or paid by the 1Aortgagee shall be cha~ged into the m~~rtgagr account and become an integral part theroof, subject in all respects to the terms, conditions, and r~~venants of the aforesaid promissory note, and this mortgage. as fully and to the same exttnt as though a patt ~~f the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said cum~ chall br repaid the 1lortgagee forthwith upon its demand and be in addition to the regular monthly insta!i- ~nents provided by the mortgage note. That the abstract or abstracts of title covering the mortgaged pro~?erty shall at all times, during the life of thi. mortgage, remain in possession of the !1lortgagee and in cvent of the foreclosure of this mortgage or other tran.(rr of title to the mortgaged propetty in extinguishment ot the indebtedness secured hereby, all right, title and ~nterest of the ~lortgagor in and to any such abstracts of t~tle shali pass to the purchaser or grantee. -3. To the extent of the ~ndebtedness of the Mortgagor to the hlortgagee described herein or secured hereby. the ~tartgagee is hereby subrogated to the lien or liens and ta 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 Nhole 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 ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~lottgagee herein as security for the indebtedness to the Mortgagee herein described or hereb~• ~ecured, ta the same extent that it would have been preserved and would have been passed to and been held b~~ the ~tortgagee had it been duly and regularly assigned, transferred. set over. 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 being the incention of the parties heroto 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 ownership of the mortgaged ptemises, or any patt thereof, becomes vcsted in a person other than the ~lortgagor, the \tortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest N~~th relerence to this deed and the debt hereby secured. in the same manner as with the ~1ort- gagor ~~thout in am• w•ay vitiating or discharging the Mortgagoi's liability hereunder or upon the debt hereby sccured. No sale of the premises hereby mortgaged and no forbearance on ihe part of the Mortgagee. and no ex- tensiun of the time for the payment oC the debt hereby secwed given by the Mortgagee shall operate to retease, discharge, modify, change or affect the original liability of the 1Aoctgagor herein eithet in whole or in part. I 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, however evidenced, whether by said promissoty nore or any renewal ot extension theteof or substitute there- ~ for. or otherw~se, unt~l all such indebtedness shall have been fully paid. E 7. /n die e~~ent the mortRaRors sell, convey o? t?ansjer the mortgaged premises du?rng the life oJ this neo?t- ,~aRe, then this mortgaRe shaft, a[ the optian oj the Afor~gagee he.eire, becon:e inimediately due and payable Jor ~he full sum oj the pnncipa/ 6alance and interest then due. R. The tenns "Mortgagor" and "hlortgagee" whenever used in this instrument shall include the heirs, personal representatives, successo"ts and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plutal the singular. and the use of any gender shall include all genders. S~ ed, sea a iv i he presence of: ~ O-~O/ ~~.,,~(Seal) , ~ (Seal) / . ' STATE OF FLO !DA I coutv~vroF~~E j SS ) Before me personally appeared CONAGE MASON and MYRTIS MASON, his wife tn me well knovm and known to me to be the individuals described in and who executed the foregoing insuument,,` F' 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, 1,~7'~:~~; y~•.,, ~ ti r vUy _ ~ _ ~ J _ ~ ~ : ~ ~ ~ ~ . ~1y Comm~ssion Expires: `luile 3O ~ 197`~ Notary Public. State of Flor f . p ° ~ ~,t10 RECO~f`~, ~ _ , r. ~ . ~~~E ~4~ tY ~ `ROG~p ?0~ couat ~tEa vf~i~ Eo ~ RE~OR.D ~ 13 e~ ~ 9 ` ~0~207 ~ ~ _ ;~394y9 , - I ~ ~ z