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Home My WebLink About1037 Our file 5-26,826 ~A~~ swr~p~e .w a~~hei usn~tc~ ol uUe w the mort~a~cA pope~ly ~n C111A~111~I11OtAI a ~he ~ndeDied~ess ,ccwed heroey, •II r~~Al. utlt anA ~ntere~t ol ~Ae 4ka~~~~w ~n and Io any ~nswaace pol~c~c~ ihen ~n lace sAsll psas to the pwcAssei w pamee. 1~? To oerian~. a~rnplY s~d +b~de by cach ~nd every tAt sl~0ulal~ons. i~tt0~tA4. cond~l~on• and covenan~~ ~n s~~d p~we~asoty no~e and m th~. decd .e~ tatA. 1 Thst ~f any of ~a~d sus~s ul nwnty Ae~t~n tefe~ted to bs not ptoaplly and fully pa~d ~~tA~n ' f~(letn days nesl at~er lht ssmc severslly bc.ases due and psysAle,a ~f eacA and eve~y the stipula~~oes. a{rece~ents, condu~ons ~nd corenants ot ss~d prowis- say eolt and th~s deed, w e~~Aer, a~e not fu11y per(orwed. caapl~td ~uh sad ab~ded by, the +s~d a~reple sua menuoned m ss~d pom~aso~Y nule shall btcose due snd psYable fath~r~tA a therea(ter st tbt opt~on of ~he ~lort~a{ee ~s fully and cospletely as ~f the said s~{ttp~e sws of ssid orams~wy note ws a~~msllY supula~ed to be pa~d an sucA dsY. snyth~n~ ~n sud prom~sswY note or hero~n to Ihe conl~sry not~~:hs~snd~n{. - 1 Tha~ ~n orde~ to acctlerate the matur~~y o( ~ht indestedness hereby secuetd, Aecause of the fa~lure of ~he Ma~~ssa ~o pay any ua, ~ssc.s~atnt, I~as~l~ty. abl~~ai~oe ~x en~umMsnce upoe sa~d proper~y, ss herc~o p~ov~ded. u shall not be ~eus~ary or reQu~s~~e ~hs~ the m.x~ss~ee ~hsll fuxi pay the sase. 2. The ~tortgagee may, at his opt~on. and without waivina his riaht to acceletate the indebtedness hereby secured and to foreclose the same. pay either betore or after delinquency any ot all of those cettain obli6ations required by the terms hereof to be paid by the Nort~a6ot for the protection of the mort~ase security or for the col- lection oi the indebtedness hereby secured. All sums so advanced or paid by the 1Aortgagee shatl be charged into the mortaage account anJ become an ~ntesral part thereof. subject in all reapects to the tetms, conditions. and cuvenants ot the afcxesaid pramissory note. and this mortga6e. as fully and to the same extent as thou6h a part af the ori6inal indebtedness evidenced by said note and secured by this mortga`e. exceptins however. that said sums shall be repaid the MortSaEee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mort~a6e note. 3. That the abstract or absuacts of title coverin6 the mort~ased property shall at all times, during the life of this mc~rtgage, remain in possess~on ot the hlottgagee and in event of the toreclosure of this mortgage or other transfet of title to the mortgaged property in extintuishment of the indebtedness secuted heteby. all risht. title and interest of the ~1~xt6agor in and to any such abstracts of title shall pass to the purchaser or 6rantee. 4. To the extent of the indebtedness ot the Mortsasor to the Mott~asee described herein or secuted hereby, thc ~1ort6aaee is herebv subroEated to the lien or liens and to the tiEhts of the owners snd holders thereot of each and every mortgage, lien ot othet incumbrance on the land described herein which is paid and!or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the cespective liens of said mortEages. liens or other incumbrances, shall be and the same and each ot them hereby is preserved and shsll pass to and be held by the !Nortgagee herein as security for the indebtedness to the MortEasee herein described or hereby secured, to the same extent that it would have been preserved and wonld have been passed to and been held by the \Mrt6agee had ~t been duly and te~ularly assi`ned. ttansferred, set over. and delivered unto the Mott- gagee by separate deed of assi6nment, notwithstandins the fact that the same may be satisfied and cancell~d of record, it be~ng the mtent~on of the patties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mort~ase. S. In the event the ownership of the mortsa~ed premises. a any part thaeof. becanes vested in a person other than the ~1ort6a6or, the ~brt6a6ee may, without notice to the Mortga6a. deal with such successot or suc- cessors in ~nterest Mith reference to this deed and the debt hereby secured. in the same mannet as with the Mort- 6aaor K~ithout in any way vit~ating ot dischar6in6 the Mortsa6or's lisbility hereunder or upon the debt hereby secured. No sale of the premises hereby mort6aaed and no torbearance on the patt of the Mort6aEee, and no ex- , tensicm of the t~me for the payment of the debt hereby secured 6iven by the Nottgaaee shall opetate to release, discharse. modify, chan6e or af[ect the ori6inal liability oi the Mortsa6ot herein either in whole or in pact. 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute thete- ; for, or otherw~se, until all such indebtedness shall have been tully paid. ~ 7. In the e~•en~ the mor~Ragors sell, convey or ~ransje~ the rnoilgaged premises during the lije oJ this mort- ~ ,qaRe. ~hen this mortRage shall. a~ the option oj the AiorlRagee herein, beeon~e inunediately due and paya6le Jor the ~ fu/l swn oJ Ihe pnncipal balance and interest then due. 8. The tenns "!Nort6a6or" and "!Nort6a6ee" whenever used in this instrument shall include the heirs, personal representatives, successors and assians of the respective puties hereto. Whetever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender I include all Eenders. S~ ed, seal a red the presence of: ' "(Seal) (SeaU ~ ~ l tGGJ ' _ m--.Q STATE OF FLORIDA I COI;NTY OFLQ~'~„ ( ss ST. uc~t~ ~ , ~ Beforc me personally appeared EDKAR PETERSON and VERA J. PETERSON, h~8 wife, ~ to me well known and known to me to be the individuals desctibed in and who esecuted the fore6oina instrwnent. { and acknowled6ed before me that they executed the same !or the purposes therein expressed. WIT,(~1 ESS my~d and off~cial seal in the County and State last a(oresaid this 14th Day of April, 1973 ~~~?~u~uu~,,,,~ ' ~ ``~~~~+1~ ~ ' ~ . . : ~ : . ~ ~ ~ ~ ~ - . ~ ~ ~1y Comm~ssion Es ~~es: June 30 1975 = p • Notary Public. State of ~ , . f~,s 0~;. - fl~EO aN4 AEC~~ ~ s d~ ~ ~ ` ~ St. WC1E GQIIN q ~'••..««•'~'1` ~;,t-, ~ocEF to~tR?f •N ~}.'~;ti•~ CLERK f 0 Cr--= ~ ',yn~~N1~HN~~~r~ AECCR9 Y- pn~ 1~1 8 y0 AM'13 252'72 ' v k ~ $ooK 213 ~A« 1U36 _ _ :~4. .