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Home My WebLink About0628 ~A~c ~a.w~~aKc ~x o~he~ ttansla nt Utie to ~he mort~~~ed proptrty ~O exUn~u~sAp~enl qf lAC ~ndtOltdnlss securtA Aereby, all n~1?~, htlc ± an.t ~ntere+t u( thc A1or~paw ~n .nd to ~nY ~nawsnce polic~es ~Aen ~n force sA~ll psss to the purcMu~ or p~n~ee. 1 (h? TO pCf1~YT, cwnply W~th and •S~de by each and eve~y Ue supula~~ona, s~recments, condihons and covenaets ~e aa~d pramsswy ; note and ~n ~hi. derd se~ fwtA, • i 1~ 1 Thst any oi sa~d sums o~ money he~e~e re(errcd to be eot pranptlY ~~d fully paid r~tMn h(teM days nex~ atter ~ ~he came ~rve~ally becomes due and paYable,a it each and every tAe stiPulatioos. s~reements, cond~l~a?a snd covensnts o( s~id praa~s. aay note and tAis deed, w e~tAer, ue not fully pertaiaed, caaplied ~ritA aod as~ded by. the as~d ~kre~~te swa menl~oned ~e aaid ~r..m~saw~ no~e shall becaet due anJ paYable tartA~r~tA ~x thereafter •t tAe option o( the Mat~s~ee as fu11Y and completely as if the .a~d aR~re~ate yum at said prom~~cwY no~e Wa~ on~mally st~pulated to bt p~id on such day, anyth~n~ ~n sa~d promissory note o~ Aerein ta ~he ccx~t~ary not,.itAsundm~. 1~ 1 Thr~ in nrdei to uctleratt lht matunty of the indebtedness hereEy ~ecured, because ot the fa~lure ot the Matp~or ~n pay any ~a*, rc.e.~ment, I~a~il~ty, obli~ation ~x encumbrance upo~n s~~d property, aa here~o provided. ~t sl~all not be aecescary ot teQu~si~e that tAe m~.rrR~Ree chall f~rct pa~ tAe same. ~ 2. The ~lortgagee may, at his option, and without waivi~a his right to accelerate the indebtedness hereby ~ecured and to fotecluse the sam~, pay either before or a[ter delinquency any or all of those certain obligations ' requ~red by the terms hereof to be paid by the Mottgagor for the protection of the mortgaae sacority or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mort`a`ee shall be charged into the mortgage accaunt and become an intesral part thereaf, subject in all respects to the terms, conditions, and c~~venants oG the aforesaid pramissory not~, and this mottgase. as fully and to the same extent as though a part of the ~riginal indebtedness evidenced by said note and secured by thia mott~age. exceptina howevet. that said sum4 ~hall bz repaid the !1~ortgagee [orthwith upon its demand a~d be in addition to tha regulat monthly install- ments provided by the mortgage note. 3_ That the abstract or abstracts of title covering the mortsa6ed ptopecty shall at all times. during the life of thi. mor~gage, remain in possession of the Mottaagee and in event of the foreclosure of this mortgage ot othet transfer af title to the mottgaged propetty in extin`uishment of the indebtedness secured hereby, all ti~ht. title and incerest of the ~lortgagor in and to any such abstracts of title shall pass to the putchaser or grantee. ~t. To the estent of the indebtedness of the Mortgagor to the Mortaa~ee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holdera thereof of each and evety mortgage, lien or other 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 respective liens of said mortgages, liens or other incumbrances, shall be and the same a~d each of them heteby is preserved and shsll pass to and he held by the Nortgagee hetein as "security for the indebtedness to the Mortgagee herein desctitied or hereby secured, to the same extent that it would 6ave been pteserved and would have been passed to and been held by the V~,rtgagee had it been duly and regularly assigned. transferred. set over, and delivered unto the Mort- gagee by- separate deed of assignment, notwithstanding the (act that the same may be satisfied and cancelled of record, it being the intention ot the parties hereto that the same will be sstisfied and cancelled of tecord by the holders thereo[ at or about the time of the recordina of this mortgage. 5. In the event the ownership of the mottgased ptemises. ot any part theteof. becomes vested in a person other than the \lortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor N~thout in an} way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time [or the payment of the debt heteby secured given by the Mortgagee shall operate to release. discharge, modify. change or affect the original liability of the Mortgagot herein either in whole ot in pact. 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said ptomissory note or any renewal ot eatension thereof or substitute there- ~or, or otherwise, until all such indebtedness shall have been fully paid. ' 7. /n ~he event rhe mortgagors sell. convey or transjer the mortgaged pre~nises during the liJe oJ this ?nort- ~ Rage, the» this mortgnge sholl, at the option oJ the bfortgagee herein, becorse inunediately due and payable Jor the ~ fult sum oj the princepal balance and interest then due. ; ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. i personat 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 gende hall include all genders. gned, seal a d ivere ~n the presence of: (Seal) ~ - (Seal) v/~ STATE OF FLORIDA I COUNTY OF ~ ~ ss i ST. I.UCIE TERSON an u1~ rried man and VERA J. ~ Be[ore me personally appeared ~ gn u~~r rle(1 WOIDaII ~ to me well known and known to me to~e the indiviauals described in and who executed the foregoing insttument. and acknowledged before me that they eaecated the same for the porposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 12th D8y of riay, 1973 _ : ~~u~ii~~`',' _ i - r: : . ~ `1y Comm~ssion Expires: JuIIe 3O, 197~ Notary Public. State of F10 ~ ~ 1~ - ~ ' _ =};;y~~ !f• y _N ~ ~ , : . A.,~ REGOADED ~ ~ cauKtY Fu. ~Gti., - ; _ : F~~EO . ~ ' . . ST.IUC , P~ITRAS .'••....•••~~,,,~:;~l C~ ER!( C'.-- ~U11 COURt ~'~i~~~~' 7 i:. ~`t`t.;•~f•... pi.f,(1-o vE' "!f'' . . u~i..~t~+~ . y~ rl os aM'73 ; zs4s~.s ~QflK 214 Fa~E 629 } ~ , ~ ~ ~.:_v.;~ s-,~'~ ` ~ ` - ~ ¢ ; ; _ ~"-..eg:~.z ' akt- , . ~ J?... . ~f.