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Home My WebLink About1010 v - • Our file 5-26,663 ~hu moc~aaxe w otAe~ u~na(e~ af hNe ~o the mor~raied prope~ty ~n e~unYuuhmen~ ~I 1he mdebtcJne~. .ecwrd he~e~~, ~11 ~~~h~, hNc and interest of the Mor~ptor rn and to any ~nswance policus iAen in torce sAall paas ~o ~Ae pwchase~ .x =ran~ee. (h) To ptrtarm, c.~mply ~r~th and ahide by tarA snd every tAe supulat~ons, s~rec:eents, cond~uons ~nd covenan~s ~n sa~d prwm~cu~y note and in th~s Jeed set Guth. (i ) That it aey of said sums ot money herem referred ~o be nqt pranptlY ~~d tu11Y paid M~ihin fdtern days ne~t ~fter the same severally becomes due and payable,a ~t eacA aed tvery the sl~pul~tions, a~ieemeots, condu~uns and co~enants ot said prwm.- sory note artd this dted, o~ either, ue not fully pertormed. complitd with and ab~ded by, the .a~d ag~repte sum menuoncd m said pre+missoty oote sAa)1 become due and psyable torthritA or ~hereafter a~ the opt~on ot tAe \turtgaece as (ully and completely as i( thr s~id •~tre~ate sum o( sa~d prom~sso~y note ~ras ot~pnaily stipulated to be paid on .uch day. anytAm6 in said ptoen~ssoty note or herem to tAe contrary not~ithstandin~. (j ) That in order to accelerate tAC matunty u( the indebtednes~ hereby secured, btcause ot the (a~lu~e ot the 111w~ga6~~ D~Y any ta~, assessmeot. liability. opli`ation ur encumbrance upon aa~d property, ss hetein provided, it shall not be neces~ary or reQu~site that the mort~a~te shall fust pay tlet same, 2. The lltortgagee may. at his option, and without waiving his right to accelerate the i~debtedness hereby secured aod to foreclose the same, pay either before o~ 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 morlgage security or for the col- lection of the iodebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shall be charged into the mortgage account and become an integral patt thereof~ subject in ali respects to the terms, conditions. and cavenants oG the aforesaid promissory note, and this mortgage, as fully and ta the same extent as though a part of the origirta! indebtedntss evidenced by said note and secured by this mortgage. excepting however, that said sums shail be repaid the ~?ortgagee forthwith upon its demand and be in addition ta the regular monthly install- ments provided by the mortgage note. 3. That the abstract ar abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage. remain in possession ot the hiortgagee and in event of the fo~eclosure of this mortgage or other transfer of title to the mortgaged ptoperty in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~lottgagar in and to any such abstracts of title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the !Nortgagor to the Mortgagee desecibed hecein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, (ien or other incumbrance on the tand described herein which is paid aod:'or satis[ied, in whole or in part, out af the proceeds of ihe 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 be held by the Mortgagee herein as securit~ for the indebtedness to the hlortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the ;1lortgagee had it been duly and regularly assigned, transferred, set over, 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 ihe 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 ownership of the mortgaged premises~ or any part thereof. becomes vested in a person other than the ~lortgagor, the ~tortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest w•ifh reference to this deed and the debt hereby secuted. in the same manner as with the 11ort- 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 mottgaged and no forbeatance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the ;Nortgagee shail operate to telease, discharge, modi[y, change or affect the original liability of the Morlgagor herein either in whole or in part. ~ ; 6. The lien ot this deed secures and shat! continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any tenewai or extension thereof or substitute there- for, or otherwise, until ~ll such indebtedness shall have been fully paid. 7. /n the event the mortgagors sell, convey or transfer lhe mo?tgaged premises during the tije oj this mo~t- gage, then this mo?~gage shall, at the option oj the Afortgagee herein, becorr.e immediately due and payable Jor the Julf sum oJ the piincipal balance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs~ personal representatives, successors and assigns of the respective parties herelo. Whetever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ' . ~ S~ ned, seale nd el~ er in the presence of: Xr tSeal) ~ ~iC'~'`? ~"~',LZ~'> (Seal) i= c K ~ ~ . -Ya c .t ~ ;i L% STATE OF FLORIDA I COUN OF f 's s~~. L~ Be[ore me petsonal[y appeared LUMB SMITH actd HELEN SMITH~ his wife~ to me we(t knov?m and known to me to be the individuais described in and who executed the foregoing instrument. and acknowledged betore me that they executed the same for the purposes therein expressed. WITNESS my hand . and official seal in the County and State last aforesaid this 15th Day of Mareh, 1973 _ ltl Vf;~;. : ~ ~..r...~ _r:.'. p q - f. ~7i ~~ii . ~ `i ~ ^y,., : ~ ~ • ~ . t ~f. . ~ ~ ~1y Commission Expires: Juxle 30. Zg75 Notary Public, State of FlOr~ :~'~`3~;:'' F lE0 ANC itECjY sl~. ~ " ' _ ` :~.lUC1E COW1 ~ ; = •,,'~;+a~~ ~ IIOCER POITaA }.,y.~F_; ~ CLERK CIRCUIt C011RT RECOt?~ VEf1F~E0.•w~~ ~ ZI 12 0l PH'13 ~;~oss9 ~~2iZ ~i0i0 ~ _ : ~ _ - - ~ ~r~-~~~ : ~ 'F; ~ = ~