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Home My WebLink About4356 Our file 5-26,050 tAu m.~~~gaKe ~K othrr uansle~ i~f 1i11e to thr mu~igr~ecJ ~xoper~y en c~t~ngw.+hmrnt t~r indehtrunr.~ .t.u:rd hrrch~, if! r~~ht, htle and ~n~erest ui the ~I~~~~ra~ur m and to an> ~nau~an~r pul~~~rs ihrn in (urre .hall p~++ to thc puriha+cr or gran~ee. (h) To perta~m, ~ixnply w~lh •nd ah~dt by ta.h and tvery the supuiat~w~s. a~rc~ments, cund~t~.~n. end :u~enant. ~rt .ei1 p~.~m~.+o~y nu~e and ~n tA„ d~rJ +rt fartA. G1 Tha~ any o( sa~d sums ut monry hrre~n refrnrd be wt prompth' and (ull> p~:d •.:thin fiftern de>~ nr~t atier the same .everally becomes Jue end pa>able,u~ ea.h anJ evr~> the .upulauon~, aK~rem.•nn, .~~n,l~t:on. ~n.i co~tnen~s uf .~~d pr.xnrn- sory notr and tA~+ deed, or e~ther, are not (ufly prrfn~mrd, cumpl~rd MitA and a~~ded hy, ~hc ~a~d aKKrrgatr sum menu~~n.d ~n sa~d prom~sso~y note shall becixne due and payahlr (orthuuA ur thereattrr at thr op~~an of thr \tortg~grr as tull~~ and .vmplrtrh• as thr .a~d aggregate sum o( sa~d p~~wn~s.ur> nnte was orig~n..IIY' ~~~pulated to be paid ~~n .urh da), en>~hing m aaiJ prc,~~..ur> nutc ~,r herc~n to the contrary nut~~th~und~n~. (~1 That m order t~~ accelerate the matur~ty .~f ~he mdebtedness harehy secured, he.au~e ..t th~ fa~lure uf ih~ ~IVfI~t,IgUf n~ pay nny ~a~, assrssment, Lab~l~t>', ~~hl~gahnn or rn~umM~nrc upon .a~d pr~~perty, as hctrm pto~~drd, u shall not be nr.rs.ar~ ur rcqu~cue that thr mo~tXaEee .hell (u.t pay the samr. The \lortgagee may, at his ~ption, and without Ha~~•ing h~s r~ght to accelerate the indebtedness hereby secured and to fareclose the ~amc, pa~• either before or after delinquency am~ or ali of those certain obligations requited by the tetms hereof to be paid by the \lortgag~~t (or the ptotection of the mortgage securit~• or for the col- lection of the indebtedness hereb~~ secured. All sums so aJvanced or paid by the \lortgagee shail be charged into the mortgage account and hecome an ~ntegral part thereof, subject in all respects to the terms, conditiuns, and covenants of the aforesaid promissor~~ note, and this mortgage, as fuily anJ to the same extent as though a part of the original indebtedness evidenced by said note and secured b}~ this mortgage, excepting hawever, that said sums shall be repaid the Vortgagee CorthKith upon its demanJ and be ~n a~idition to the regulat monthly install- ment~ provided by the mottgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life of this rt~rtgage, remain in possession of the ~tortgagee 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 \lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~3. To the extent of the indebtedness of the !Nortgagor to the ~lortgagee described herein or secured hereby. the \lortgagee is herebp subtogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien ot other incumbrance on the land described herein w~hich is paid and'or satisfied. in whole ot in part, out of the proceeds of the loan described herein or secured hereby, and the tespective 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 be held by the \lortgagee herein as securit}• for the indebtedness to the ~lortgagee herein described or hercb~• secured, to thc sarsw ~xtcnt that it ~+~ould ha~•e beert preserved and wouid have been passed to and bee~ held by~ the \lortgagee had it been duly and regularly assigned, transfe~red, set over, and deliveted unto the 41ort- gagee b}• ~eparate 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 thereo[ at or about the time of the recording oC this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ..~1.v. .1..... e{..+ \4..~.,~...~. ~hP Vnr~oaorr mav uithnut nntire in t}te t~Aif83QOf_ dC3I WII~I SLLC~1 SUCCCSSO[ Of SUC- . ....,..p..a.... .......r-o- - . - - - ~ ~ cessors in interest a~ith reference ta this deed and the debt hereby secured, in the same manner as with the \lort- gagor ~~Fthout in any Way vit~ating or discharging the ~tortgagor's liability hereunder or upon the debt hereb~~ secured. No sale of the premises hereby mortgaged and na [orbearance on the part of the \tortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the 1lortgagee shali 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 shal! continue to secure payment of said indebtedness or indebted- f ness, however evidenced, whether by said promissor~~ note or am• renewal or extension thereof or substitute there- ; for; or otherw~se, until all such indebtedness shall ha~~e been fufly paid. g 7. In the e~~ent the mort,~c~Rors sell, com•ey or lransfer the mo~tRaged p?emises during the liJe of this mort- € gage, then this mo~tgaRe shn(l. at the opl~on of the !Ilortgagee herein, become irnmediately due and poyable lor the 4 ~ Julf sum oJ the piincipal 6alance and interest then due. ~ 8. The terms "~lortgagor" and "~tortgagee" Khenever used +n this instrument shall include the heirs, : personal representatives, s~ccessors and assigns o[ the tespecti~•e parties hereto. w`herever used the singular ` number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ _ . ~ ned, se e ~ ted in the pre f: (Seall ~ ~~/~7.~i (Seal) ~ ~~l _ ~ ~ . ~ ~ ~ STATE OF FLORIDA I ~ ' COUNTY OF ~C ~ ~ ST Be oUCme petsonall}• appeared DAVID REED attd ELNORA REED~ his wife ~ ~ to me well known and known to me to be the indiv~duals described in and a•ho executed the foregoing instrument, - and acknowledged before me that they executed the same ~or the purposes therein expressed. WITNFSS my hand and official seal ~n the County and State latt aforesaid this 23rd Day of December, I972 . , , ~ , ~ty Commission erp~«S: June 30 ~ 1975 tiotary~ Public. State ~•f ' a ~ ~ ` s ~ , : _ ~ / ~ ~ s - . ~i. ' ~ _ f11.E0 AMD RECOROE9 , . _ = ST.lUC1E COUM~ flA. ` : ; : ROCER POITItAf _ CIERK CIRCUIT COURT . RECORD VEP.~FIEO . • ' O~c 18 3 3~ PM'aZ 9 ° ~ ~09 PaGE~.34 @GOK z:x`; 2~}451~ ~ . _ ~ : - ~ ~ ~ ~~r~ ~ ~ e _ . . _ _ ° _ -