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Home My WebLink About0830 Our file 5-25,462 ch~. murtRaKc ~x ~~~hrr transfer of uUe 1o the mortRs~ed property in exun~wshment oI ~he ~ndebtedness securcd he~eb>. ~11 n`h~, ~ule and ~nurc:~ uf ~he A1o~l~a~ur ~n and 1o any maurance polic~es ~hen in (orce sAall pass to 1hc purchaser or pnn~ee. (hl To pe~irom, cwnply v~th and ab~de by each and every the supulat~ons, a~reements, cond~hons •nd cavenam~ ~n w~d prumn~ur> note and ~n ~h~. deed se~ (orth. 1~ 1 T~al any o( sa~d sums ol money here~n re(rrred to be not promp~l)' and (uli)' Da~d ruh~n ~~(~rrn Jry. ne~i ~i~e~ ~ tAe came crverally Aecomes due and pay~Ale,a ~f each and erery tht supulaUOnc, eR~cemem~, ~nnd~uoec and co~enan~..~t .a~d p~wn~c- saY note and tA~s deed, or tuher, are not (uliy performed, tanpl~ed r•~U a~J aeided 1+)', ~he .a~d aR~rcpie sum mrnuonrd ~n sa~d pr~.m~scaf note shal! bteomt due anJ paY~ble («tA~~tA ix theres(ter at ~Ae opuon ot ~he \furtRa`ee as (ully and complr~ely as ~i ~hr .a~d aRtte~ate sum ot ~a~d prom~ssorp nole ~rsc on~~nally sUpulated to bt pa~d such d•ry, anytA~n~ m said ptom~csory note or herein t~. the c.~nu~ry notyuhstandmE. i~ ? Tha~ ~n nr~er to ucNerste cAe +n.wr~ty ~t tAe ~ndeDtedness h~rtby crcurt~, Aacauat ot the (a~lure of eAr 3turegaYa~: pa~ any !.:i. ac.e~sment, I~ability, abl~Eat~on ru encumbrance upon sa~d property, as htre~n pro~•~ded, ~t shall not be necessary or repu~s~~e that e~i mnr~RaEte shall f~tsl pay the same. Thr ~lottgagee may, a~ his option, and without waiving his right to accelerate the indebtedness he~eby .r~ured and to foreclose the same, pay eithe~ before or after delinque~cy a~y or all of those cectain ol+ligations required by the terms hereof to be paid by the 4lortgagor for the protection of the mortgage security or for the col- lecti~~n c?f the indebtedness hereby secured. All sums so advanced or paid b} the \+Mrtgagee shall be charged into thr murtgage account anJ become an ~ntegrai part thereof. subject in all respects to the terms, conditian~. and c~~vena~ts of the aforesaid promissory note, and this mortgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said ~ums shall be repaid the 1lortgagee forthwith upon its demand and be in addition to the regular manthly install- inents prov~ded by the mortgage note. ~ 3. That the abstract or absuacts of title covering the morttaged property shall at all times. during the life of th~. mortgage, remain in possession of the Mortgagee and in event of the foreclosure o( this mortgage or other ~ ~ran~fer of title to the mortgaged property in extinguishment of the indebtedness secure~ hereby. ail right, title and mterest of th~ 1~fortgagor in and ta any such abstracts of title shall pass to the purchaser or grantee. ~3. To tfie extent of the indebtedness oi' the Mortgagor to the Mortgagee described herein or secured hereby. the ~lortgagee is hereby subrogated to the lien or liens and to 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 w~hole or in part, out of the proceeds of the loan described herein or secured hereby. and the r~spective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shalt pass to and he held by the ~lortgagee herein as security for the indebtedness to the Mottgagee herein described or hereby ~ecured, to the same extent that it would have bee~ preserved and would have beon passed to and been held by the ~1~rtgagee had it been duly and regularly assigned, transfetred, set over, and delivered unto the ~1ort• gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satis[ied and cancelted of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thrreof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mottgaged premises, or any part thereof. becomes vested in a person other than the \lortgagor, the ~fortgagee may; w~thout noUce to the Mortgagor, deal w~th such successor or suc- cessors in interest w~ith reference to this deed and the debt hereby. secured, in the same mannet as w~ith the 11ort- gagor u~thout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- tens~on of the time fur the payment of the debt hereby secnced given by the Nortgagee shall opetate to release, discharge, modify, change or affect the otiginal liability of the tilortgagor herein eithet in whote or in part. 6. Th~ lien of this d~ed secures and shall continue to secure payment o[ said indebtedness or indebted- ness, however evidenced, w•hether by said promissory note or any renewal or extension thereof or substitute there- for. or otherK~se, until all such indebtedness shall have been fully paid. I 7. /n the e~~ent rhe mortRagors sel(, convey o? t?ansjer the mo~~gaged premises during the lije oj this mo?t- E Qage. then this mortgage shall, at the option oj the Alortgagee herein, 6ecorr.e inunediately due and paya6/e for rhe ~ (u!/ sum oj the prencipal 6alance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal tepresentatives, successors and assigns of the respective patties heteto. Wherevet used the singular number shall include the plural and the plutal the singular, and the use of an er shall inc e all genders. ~/~I , Si d sealed d d iv red i the resence of: g .~L~~~ P ISeaI) n ~ _ ~ ~ . ~'„~,~-~-c-~-- (Seall ~ ~ ~ / _ / ~ ' rc_~ ~ . '-t t-nL1 !r-c.~ - - ~ ~ STATE OF FLORIDA I COUNTY OF ~ ss ST. LUC~~ Be[ore me personally appeared CARL J. JOHNSON, JR. and WINIFRED B. JOHNSON, hiWife~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they ex~cuted the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 7th Day of Oetober, 1972 , . ~ ~ . ~4~ ;z . ~ ~•'J' June 30 1975 ~ z ' ~ ~ `1y Comm~ssion Expires: ~ Notaty Public. State of F ; . A • - ~Oil0E0\ . J•j...._ , ` ` F~~EV~~E ~OU1+aA5tA~ . • . st RpGE4t FO~t COURS n C~,ERK 'aaf cEyO RECORiI'1E-• p~j t6 1123 ~ e R 39916 ~ ~ ~ 2 - ~