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Home My WebLink About2398 Our file 5-25,579 th~s mo~~gagr ..r o~hrr tran~fr~ ul ~~Ilt tu thr murtK;~Krd popr~t~ ~n rat~ngwshment u~ thr indtDtadness .e.urrd ho~rby, aU nght, t~tle rod ;n~e~tst u( the \1~+~~gagur ~n rnd to any ~nsuranre pal~c~es [hen ~n torce shail pass to the putchaset or granlee. (h) Tu prri~am, c~rnpl>' ~~th and abide b~ each and rvery the st~pul~uuns, a~rcements, condiUons and co~•enunt. ~n ~a~d prom~~~ory note and in th~. drrd .r~ furth. ) Tha~ ~f any uf .a~d sums u( munry Arrtm rrfrrra•d to be not prumptiy anJ fully pa~d ruhin i~f~e:n Jays ne~~ rher the s~me srvrrally bacomes dur and payable,~x if rach a~d every the s~~pulat~ons, agrcam~nts, cunJ~Uon. and covenan~s of sa~d prom~s- sory note and ~h~~ dred, ur e~ther, are not (ully performed, ci~mpl~ed w•~th rnd ahlded Ay, the .r~d :+ggrrga~e sum menUontd ~n sa~d pnxnissory note shall become due and payable torthw~th ax ~hercatter at the ophon of the \lurigagre as (ully and completely as if the sa~d a~grega~e sum of said prumis~ory note ~ras ong~nally stipulated to be paid m such dry, a~yth~n6 m sa~d prom~ssory note or herem to thc comrary notwiihstandmE. 1 That m order lo accelerate the mawr~iy of the endebtednrss hereby secwrd, ~tcause of thr failure of the ~lorigagor to pay any tas, asse.sment, I~ab~6p~, obl~6atiim ~.r rncumbrance_u~u~ sa~d proprrty, as herrin pro~•iJed, ~t zhall no~ be nrceti.ary or requ~site that thr mongaeee shall fusl paY the same. 2. The ~lottgagee may, at his option, and without waiving his right to accelerate the indebtednass hereby secured and tu Corecluse the same, pay either before or after delinquency any or all of those cettain obligations required by the terms hereof to be paid by the \lortgagor for the protection of the motigage security or for the col- lection of the indebtedness he~eby secured. rVl sums so advanced or paid by the !~lartgagee shall be charged inio the mortgage account and become an integta! part thereo[, subject in all respects to the terms, conditions, and cuvenants o( thr aforesaid pmmissor}• 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 martgage, excepting however, that said sums shall be repaiJ the ;1lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged praperry shall~at all times, during the life of this martgage, remain in possession of the Aloctgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged propetty in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~1~rtgagor 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 ~lottgagee described herein or secured hereby, the !1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders theteof of each and every mortgage. lien or other incumbrance on the land described herein which is paid and'or satisCied, in whole or in part, out of the praceeds 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 heteby is preserved and shall pass to and be held by the !1lortgagee hetein as security [or the indebtedness to the !1lortgagee herein described or hereby secured, to the same extent that it a~outd have been preserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly~assigned, transfened, set ovei, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding 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 mortgage. 5. In the event the oanership of the mortgaged premises, ot any part thereof, becomes vested in a person other than the ~k~ttgagor, the \tottgagee may, w°ithout notice to the Mortgagor, deal with such successor ot suc- cessors in interest Nith reference to this deed and the debt hereby secured, in the same man~er as with the !11ort- gagor without in am• way vitiating or discharging the !1lortgagor's liability hereunder or upon ~he debt hereby secured. No sale o( the premises hereby mortgaged and no forbearance on the part of the Atortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge, modify, change or affect the original liability of the ~lortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whether by said prumissory note ar any renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been iully paid. I 7. /n tire event the mortRa~ors sell, com~ey or transfer the mor~gaged premises du~ing the /ije oj this mort- ; ~o~e. ~hen this moregage shall, at the option of the ,1/ortRagee herein, 6ecome immediately due and paya6le Jor ~he f !ul! sum of the principal 6alanc~ and interest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs, ~ personal representatives. successors and assigns of the respective parties hereta. Wherever used the singular number shall include the plurai and the plural the singular, and the use of any gender shall include all genders. Sign , sealed e' er in the presence o[: ' ' - (Seal) z` ~ ,ze`" (Seal) ~.cc~ . ~ STATE OF FLORIDA I COUNTY OF~ ~ ST. I~UCIE ,~j0 j~jgp lg y~~f ~ Be ore me personally appeared ELIJAH JOHN~OpYN,me11~~ G~nRGIAas ~ GEOI~~IAN~.. hJAC1C50~' to me w~efl know~n and known to me• to be the ~ndividuals descnbec~'in and who executed the forego~ng instrument. ~ and acknow~ledged before me tha~ they executed the same for the purposes there~n expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 19th Day of OeCober, 1972 ~ ~ ' . ;f y0/t~~~. ~ _ ~.i ~ • tr~ ~1y Commission F:xpires: Jutle 30, 1975 Notary Public, S1atz of ~ ~~w = " O A!`~~ ~ fILE~ AN~ ~ECOROED • . ~ = g ; ` UCIE COUNTY fLA• v ~'-,,~y ST.L ~~cTRAS ''~,,~~~i ~ ~~'2'' RQ~E~-; ~S COUNt~ ~ ~ CIEk VEa;r ED RFCORO 3i a 16P~'~i 241066 ~o~K~07 ~ R .n;~5 : - _ ~ , . ,