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Home My WebLink About0475 th~i ~t~~je a oeAs~ eraaalei of title to the mala~itd ytopetty ip tal~n~u~shaeat o( the ~ndebteAness aecwed Aereby, all ~~sA~, ~~ile •nd ~n~e~sst ot tA~ Mat~~~a ia ~nd io ~ay inaw~ace polic~~a tbta ia toree ih~ll p~ss to the pwcAaser w sran~ee. (A) To per(ors. cawplr ~+U •nd ~b1de by e~ch ~nd evety tAe stipul~l~oos, ~«ten~ents, condN~ona ~ad cov~nams in .~id pr.wm..~~~~ ~ ; nott and in ~A~a deed aet fotU, (i) TA~t it tey ot s~id ~usa o( money here~n re(erred lo be no~ promP?ly aad tuily ps~d ~~Mm t~(tern dsy. nev aur. the ~ase sere~s!!Y becop?es due and p~Y~Ele.or i( e~cA and every tAe stip~l~lions. ~(reements. coml~ua?s and covenanis o( .a~d prom~.- say eote u?d lhis dted. a eitAtt. ue not fully pettota?ed. cosPlied ~ith aod ~bided Sy, tht s~~d a{tre~~te sum menuoncd ~n .a~d proa~issory note shatl becose due a~d paYabte fot~hritA or tAereatter at tAe option ot ~he Alw~jajee ~s fully and canpletelY a. i( ~Ar s~id a~~rej~te •us ot said promisswy note Was or~s~nally stipul~ted to be paid on sucA day, any~hin~ in ssid promiasory note a hrre~n to tAe cont~sry not~rilAatand~n~. (i 1 That ie orde~ to accelet~te the auturity of the indebtedness hercby secuted, bec~use of the f~ilure of tAe More~a<<u to pay any t.~, asseasa~eat, liability~ obti~atioe or encumbrance upm siid property, ~a herein p~ovided, ~1 s~al) nol be nececcary ~x requia~~t ~hat thr mati~~ee shall ti~st pay tAc s~ae. 2. The Moct~agee may~ at his option, and without waiving his tight to accelerate the indebtedness her~by secured and to foreclose the,same~ pay either be[ore or a[te~ delinquency any or all of thosa certain obligatiuns required by the tetms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof; subject in all respects to the term~, conditions, and ' covenants of the a[ocesaid p~omissory note, and this mottgagt, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secuted by this mortga~e. ezcepting however, that said sums shall be rapaid the Mortsa~ee forthwith upon its demand and be in addition to the regular monthly iastall- ments ptovided by the mottgase nott. i 3. That the abstract or abstracts of title covering the morigaaed propetty shall at all times. during the life ~ ot this mortgage. remain in possession of the Mortgag~e and in event o[.the fotcclosure of this mortgage or other ~ transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and i~terest of the Moctgagor in and to_~ny such abstracts of title shafl pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mottga`or to thc Martgagee described herein or secured hereby. the Mortgagee is i?ereby subrosated to the lien or liens and to the riahts of the owncrs and holdcrs thereof of each and every• mortgage, lien ot other iacumbrance on the land described herein which is paid and/or satiaCed. in whole or in part, out of the proceeds of the loan described herein or secured hereby. and 1he respective liens of said mortgages, liens oc other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgage~ herein as security for the indebtedness to the Mortgagee herein deacribed or hereby secured. to the same extent that it would have been preserved and would have been passed to and been held by the !1lortgagce had ii beco duly and regularly assigned, transferred. set over, and delivered unto the Mort- gagee by separate deed of assig~ment, 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 ~ecording of this mortgage. . 5. In the event the ownership o[ the mortgaged premises, or any part thereof. becomcs vested in a person other than the 4brtgagor. the Mortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors en interest with reference to this deed and the debt hereby secured, in the same mannec as with the ~1ort- gagor without 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 fotbearance on the part of the Mortgagee, and no ex- tension of the time for ihe payment of the debt F~ereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The licn of this deed secures and shall continue to secure payment of said indebtedness or indebeed- ness, however evidenced. whether by said promissory note or any renewal or extension thereof or substitute ih~re- for, ot othetwise, until all such indebtedness shatt have been fully paid. f 7. !n the event the mortgagors sell, convey o~ tr4nsjer the mo~tgaged premises du?ing the lije oj ~his mort- , RaRe• then t/eis mo?tgage sh.ll, a~ the option of the Mor[gagee hereia, become immediately due and paya6le Jvr the ju!! sum oJ the p~incipal balance and inte~est the» due. ~ 8. The t~rms "Mortgagoi ' and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gendet shail " cl e ali genders. . ~ igned, s d liver in th presence of: ' C (Seal) (Seal) ~ STATE OF FLORIDA I COUNTY OF j ss ST. LU~ ~ Before me personally appeared GRANT HADLEY and ALBERTA NADLEY ~ his wife ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrament, and acknowledged before me that they eaecutcd the same for the purposes therein expresscd. WITNESS my hand and official seal in the County aad State last afocesaid this "~larch 15 , 1973 - ; ' ti'``~ 1: E . _ . . . ,x0'' 7's~ r Flo~r $a,~~'' ' > ~1y Commission Eapires: June 30. 197`,~ Notary Public. State of fILEO AM~ RECOROE9 ST. WCIE COUNIY FIA. ~ _ " . Sj) ` . ~ = ~ ?~t"= ROCER P0ITRAS . - ~ 'tY d ? r s CLERK CttICUiT COURt r"' 'x ~ ~ ~ = "t RECORJ v£H+=1ED ~ Q , ; ; ' ~ = , i`` , . , : ~ y ^ ~ : 71;••.., 4:•~: 11 i212 PH'13 .r,..~t,;,;.,,,, . . ~ ~ ~ 25O~Z1.O . BflOK PACE ~ 1 J - : _ _ ~ ~t =