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Home My WebLink About5793 Our file S-Z6,098 ~A~s mortKage ~K other ttansfr~ oi utle tu tho mo~~gaged (xupcrty ~n e~ungw~hmrn~ ui tAr ~ndebteJnt.. sr.urcd hrrch~, ,,11 ngh~, ~~tle and interest uf thr \lurt`a~or ~n .and ta an~ in.ur~ncr pulic~es ~hrn ~n tur.r shaU p~,, ~n ihe pwih~ser ur g~an~re. (h) T u parfix m, .~xnply ~ith and aD~1e bp eaeh and every tAe stipuletions, aQrrements, co~J~n un. and co~rnant. ~n .r~d pr~~m~.sar> note and in this deeJ .et fo~th. G) Tha~ ~f any of said sums ut monr) hrre~n ~cfrtrrd to ht not promptly and tull~' pa~d u~th~n !i(Ir~n d~p. ne~t attri the same severolly becomes due and pay'rble,uc erih anJ ecer) the xt~pulatson~, ageremrnt~, ..~n.i~u~~n. and co~tnrnh ot .a~d ptomi.- sory note and th~s dred, or euher, arc nut [ully prrfo~mrd, cumplitd ~uh ~nd ab~ded Ay, ~hr .a~d egg~tga~r sum mcn~e::;::~ a- .e~d ptwn~ssory nou shall bec.xne dur anJ pa~abic lMl~1M1lA o~ therrettcr at the upt~on ~t ~he \1urtKagrr a. full~ end complr~rl~ as ~i thr .a~d a~grc`atr sum ol sa~J pr~un~~~u~p note was ong~nallS' supulated to be pa~d .x~ .ucA da)'. ~n>thinK ~n .aid promi,~ur> nute ur herc~n to ~he .ont~ary notwuh.tand~ng. 1~ ? Tha! ~n order to acceleratr the ma~uri~~~ af thr ~ndrb:rdne.s hrrcby sc.u~rd, brcause uf ih~• fa~lure u( tAe \toetgagur n~ pr> any as.r..;ment, li~b~luy, obli~tati~~n rncumhrancr upnn ,a~d pmpertp, as hrrcin pr~~.~dtd. sh~l! no~ be nr:r.~an or rcGui.~te that thr mu~tRagee sAalt f~rst pay the .~me. The \lortgagee may, at his ~~puon, and without ~~~a~~~ing h~s r~ght to acrelerate the indebtedness hereb~~ serured and t~~ foreclose the ~ame, pay either before or aft:.t delinquency any or all of those certain obiigations required by the terms hereof to be paid by the \lortgagor for the protection of the mortgage security or for rh~ lertion of the indebtedness hereby secured. All sums so advanced or pa~d b~• the \tartgagee shall be chatged into the mortgage account and hecome an integral part there~f, subject in all respects ta the term~, conditians, and covenants oG the aforesaid promisson~ note, and this mortgage, as fully anJ to the same extent as though a part of the original indebtedness evidenced by sa~d note and secured by this mortgage, excepting how~ever, that said sums shall be repaid the !1lortgagee forthwith upon its demand and bc in addition to the regular munth{y install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mottgaged propert~~ shall at all times, during the life of this mortgage, remain in possession of the ~lortgagee and in event oi the forzclosure of this mortgage or othcr transfer of title to the rm~rtgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~tottgagor in and to any such abstracts of title shall nacs to the purchaser ot grantee. -1. To the extent of the indebtedness of the Nortgagor to the \iortgagee described herein or secured hereby. the \tortgagee 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 w~hich is pa~d and or satisfied, in whole or in part, out of the proceeds ot 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 hereby is preserved and shall pass to and he held by the Vortgagee herein as securit~ fot the indebtedness to the ~tortgagee herein described or hereby ~ecured, to the same extent that it w~ould have been preserved and would have been passed to and been - held by the ~lortgagee had it been duly and regularly assigned, transferred, set o~~er, and delivered unto the ~1ort- gagee b~~ separate dced of assignment, notw•ithstanding the fact that the same may be satisfied and cancelled of record, it heing the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or abaut the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the ~lortgagc~r, the \lortgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors ~n interest Nith reference to this deed and the debt hereby secured, in the same manner as with the \lort- gagor w~thout in any way vitiating ot discharging the ~tortgagoc's liability hereunder ot upon the debt hereby secured. No sale o( the premises hereby mortgaged and na forbearance on the part of the 1lottgagee, and no ex- tension o( the time for the payment of the debt hereby secured given by the ~tortgagee 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 ta secure payment of said indebtedness or indebted- ; ness, hoKever evidenced, vvhether by said promissory note or an~~ renewal or extension thereof or substitute there- for, or otherN~se, anul all such indebtedness shall have been fully paid. i 7. Jn IIIF P\'CRl I~lE mortRnRors sell, com•ey or transJer the mortKaQed premises during ~he liJe oj this mo?t- ` RaRe• ~hen this mortgaRe sha:(, at the oplion of Jhe :Ilort,qagee herein, hecome immediately due and paya6le jor (he ~ /ul! sum oj the princ~pal twlarice and interest ?hen due. 8. The terms "~lortgagor" and "!1lortgagee" Whenever used in this instrument shall include the heirs, i personal representatives, successors and assigns of the respective parties hereto. w'herever used the singular ~ numbet shalt include the plural and the plural the singu(ar, and the use of any gender ~hall include all genders. a 3 ~ \ " r ~ Signed sealed a d ~e d i e presence of: ~ ~ (SeaU a 'i " g ~ .i C+ _ ' cI[11~C/ ~ (Sea11 ~ ~ ~ ~ ~ ~ C ac.L/ c/ ' ~-m.~~C'.c~' ~ ~ ~ - STATE OF FLORIDA I ~ COUNTY OF ~ ~ ~ ST. LUCi~ Before me personally appeared MAITLAND H. MITCHELL and LILLIAN E. MITCHELL~ hisWife to me well known and knoW~n to me to be the indiv~duals described in and who ezecuted the foregoing instrument, ~ and acknowledged before me that they executed the same Tor the purposes there~n ezpressed. WITNESS my hand and official seal in the County and State last afore~aid this 28th Day of Deeember, 1972 _ ;.K ' ~~y~ • ' . y~ 'l7~;~O~.; 1~~~~.~j_ • < , :t+•,, ia • • r~' : . - ~ n ~ ~ ~ ~1}• Comm~ssiun Frp~«~: Junp 3~, 1975 tiotary Public. State ~~f Florid ~g C~ ~:~j,~. s ; J~~~i3:•~a_ FILED RNQ RECOROED ~ { ~ . . ' - St.IUC~E ~OUMtY FLA. . ~ 1TRA5 ~l ~•~'3`~~- .~s- •i ROG= _ ~ r X' CLERK C~hCJ?T COURT aF~~R~ yca c~f0 : ~ - G ~ 2(l~ 2783 ~ 11 i i 4o aN'13 ~GOK ~aGE 2455~9 YJ ~L. t ~._F. _ . - . . . . ~ . - . ~