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Home My WebLink About0864 Our file 5-26,188 ~h~s mur~~~~e ot utAet lra~sfe~ of t~tle tu tAr murtKarcd proper~y m extingwahment ui the ~ndebtcJness sccwrd Ac~eb>, ~li nght, tule and ~ntetest o( the Mott~a~a ~n and lu any ~nswance pul~c~es then torce sh~ll pass to ~he purchaur or gran~re. (h) To per(am, comply rr~tA anJ ab~de b)' tach and rvery the st~pulaUOns, a~rccments, cond~tiun, rnd co~enant. ~n .sid prom~.~ur> ~ote and in th~s deed set iortA. Thal ~t ~oy o( ~~~d sums u( munry herem ~efe~~cd tu be not promptly am1 tully pa~d r~tA~n f~ttrrn dry~ nc~t atter the same severally betanes due and payaAle,or each and evety the st~pulaUUas, a<<remrnts, ~ondit~un. and c~~~tnant~ i~f saiJ prwn~+- swy nott and tAis deed, or euhe~, art not fully pe~formed, complied ~'~t1~ and ab~ded Dy, the .aid ~g~regate sum :nent~.~neJ in sa~d promissoty nole shall betcxnt due and pa>~able (atk~ith u~ tArroafter at the ophon ot the ~tort~a~ee as fully and complr~ely as i( the sa~d a~~te~~te swe of sa~d prixmss~rY note was ongmallY supulated to be paid on such drY. anytAins in sa~d prom~++ory nott or herc~n to the contrary not~rithst~ndin~. . ) That ~e ordet to accele~ate the matumy o( ~he mdebtrdness heteby secuced, be;ause o( tAt (ailure o! ~he Nurtgagur ~n pay any ta~, asseument, Ii~E~lity, obliption ca rncumbrince upun sa~d property, as here~n pru~~ded, ~t shall not be neces~ary .x reqwsite thai thc mw<<a~te sh~ll (?rst pay the same. The Mottgagee may. at his option, and without waiving hi~ nght to accelerate the indebtedness hzreb~• secured and to. foteclose the same, pay either before or aCter delinquency any or all of those certain obligatiuns required by the tetms hereof to be paid by the \lottgagoc for the ptotection of the martgage securit~• or f~t the col- lection of the indebtedness hereby secure3_ All sums so advanced or paid by the !~lortgagee shall be charged into the mottgage account and become an integral part thereo[, subject in all respects to the term~, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully a~d to the. same extent as though a part oC the original indebtedness evidenced by said note and secured by this mottgage, excepting how~e~~er, that said sums shal! be tepaid the \lortgagee forth~•ith upon its demand and be in addition to tht regular monthly install- ments provided by the mottgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life uf this mortgaae, remain in possession of the ~lortgagee 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 tight, title and inierest of the Nottgagor in and to any such abstracts of title shall pass to the putchaser or grantee. ~i. To the extent of the indebtedness of the Mortgagor to the !~iortgagee described herein or secured hereby. the \iottga~ee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each and every mortgage, lien or other incumbrance on the land described herein which is paid and'or satisfied. in whole or in part, out of the ptoceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each o[ them hereby is preserved and shall pass to and be held by the ~tortgagee herein as security Cor the indebtedness to the ~lortgagee herein described or hereby secured, to the same extent that it would ha~e been preserved and would have been pa~sed to and been held by the A1ott~a~ee had it been duly and tegularly assigned. transferced, set over. and delivered unto the 1~1ott- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled af record, it being the intention of the parties hereto that the same w~ill be satisfied and cancetled of record by the holders theteof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgagPd.premises, or any part thereo[, becomes vested in a person other than the Alortgagor, the Vortgagee may, v?~ithout notice to the !~tortgagor, deal with such successor or suc- cessors in interest with reference ta this deed and the debt hereby secured, in the same manner as vvith the ~1ort- gagor w~thout in any way vitiating or discharging the Alortgagor's liability h~reunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no Corbearance on the patt of the Atortgagee, and no ex- tensian of the time for the payment of the debt hereby secwed given by the !4lortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the ~iortgagor hetein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, however evidenced, wnether by said promissory note or an}~ renew~al or extension thereof or substitute there- f fot, or otherwise, until all such indebtedness shall ha~e been fully paid. ~ 7. In the event the mortgagors sell, convey o? transje~ the mo~tgaged premises _during the lije oJ this niorl- € Rage. ~hen this mortgage shall, at rhe option of the .tlortgagee herein. hecome immediately due and paya6le Jor the ~ full suni oJ the principal balance and interest then due. ~ 8_ The tenns "Mortgagor" and "\tortgagee" whenever used in this instrument shall include the heirs, ~ personal reptesentatives, successors and assigns of the respective parties hereto. w'herever used the singular number shall include the plural and the plurai the singufar, and the use of any gender shall include ail genders. a, ~ Sig , seale e in the presence ~~L~ (Seal) (Seal) ~ i ' STLIUCiE COUNTY FIA. ~ L~"~" ' ~'L'~ ROCER POITRAS ~ ~ CLERK CIRCWT COURT,~ 246~ ~ STATE OF FLORIDA I aECOR~ vE~:F~EO.__ $ co3T Y LUC~IE~~ ~~S Ju~ 23 2 36 PN'?3 Be[ore me petsonalfy appeared LOUIE ALLEN, an unmarried man, ~ to me well known and known to me to be the individuals described in and who eaecuted the foregoing instrument. ~ and acknowled6ed befote me that they executed the same for the purposes therein expressed. WITNESS my hand `-'2 and official seat in the County and State last aforesaid this 13th Day of January, 1973 ~ !~e5 ~~~~i~ '.n"".~ ~ ~J ~ t ~ _ ~ S" ~ J ' ~ i,; . ~1y Commission Expires: •1llII@ 3O , 1975 Ivotary Public. State of Florida ~ ~ - ~r: - : ~ _ ; . # ~ . e~, . •l: . ; . 's • . . - ~ ~ . ~~~''•~i•~~.,~~~,• ? - ° R z1o ss~ ~ 90QK ~z ~,A, ~ - _ r... ~ _ _..+,°s:~+~