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Home My WebLink About1334 . Our file 5-26,993 tMx mw~~aRe ~w i~~he~ ~rans(ei u( ~~tle w the mo~tq~ed ptope~ty ~n e~t~n~wshmeM ol Ihe ~ndtb~cdness secured heroby, all r~~h~, u11e and ~n~ea~t at tAe Akat~a~w ~n and to anY rnswance polic~es then in !o?ce shall pasa Io IAe putcA~ser or ~r~e~ee. (A1 To per(ivm, cumply +ruh and ab~dt by eacA artd evety tAe sUpulal~ons, sjteements, condu~ms and covenan~s ~n s~1d prwmssay note and in thu deed se~ torih. G) Tha1 d any ot said swns o( money herem re(ereed to ~t no1 prqopllY ~~d tully paid +uh~n hfteen daya nea~ atter ~he samc severally becomes duc and paya~le,or if eac~ and every t~e stipul~t~ons, ~~teeme~ts, cond~lions and cortn~nts of sa~d pras~s- say no~e and ~his dced, or t~tAt~, are not fully perlwmed. caspliad rrith and abided by, ~hc .a~d aure~ate sum menua?ed ?n said praa~ssay note shsll beeome due and psya~le fatAwith a therea(ter •t the option ot thr Mat~asee as tully and complettly sa if lhe s~~d as~re~ate sum o( said pomiccwy note rrss or~~~nally stipul~ted to Ae p~~d on such dsY, anythin~ i~ said ptanisswy note a Aere~n to the contrary eot~i~As~and~n~. ) That ~n order to accelerate ~he matunty ot tht indebtedness hereby secured, because ot the (a~lure ot tAe Mwt~a~or to pay any ~a*, assess~ent, IuD~l~ty, obl~ptia? ~x rneumArance upoo said p~operty, ss here~n provided, ~t shall not be necescary or requ~site thN !he mor~~a~te shall fitsl pay tht same. ' 2. The ~bttgagee may, at his aption. and without waiving his right to accelcrate the indebledness hereby secured and to foreclose the same, pay either bePore or after delinquency any ot all of those cettain obligations required by the terms hereof to be paid by the ~lottgagor for the protection of the martga6e secutiry ot for the col- lectian af tt~e indebtedness hereby secured. All sums so advanced or paid by th~ Mortgagee shall be char~ed into the mortgage account and become an inte6ral part thereof. subject in ail respects to the terms. cortditions, and covena~ts of the afaresaid promissory note, and this mortgage, as fully aod to the same axtent as thouah a part of the original indebtedness evidenced by said ~ote and secured by ?his mortaage, excepting however. that said sums shal! be repaid the Mortgagee forthwith upon its demand and be in addition to th~ cegular monthly install- a ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the li[e of this mortgage, remain in possession of the Mortgagee and in event of the forectosure of this mortgage or other ' transfer of titte to the mortgagcd property in cxtinguishment of the indebtedness •secured hereby. all right, title t and interest of the 4tottgagor in and to any such abstracts of title shall pass to the purchaset or grantee. 4. To the extent of the indebtedness of the Mottgagor to the Mortgagee desctibed herein or secuted hereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the Iand described herein which is paid and/or satisfied. in whole or in part, out of the proceeds ot the loan described hereio ot secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shal! be and the samt and each of them hereby is pteserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mottgagee herein described i or hereby securad, to ?he same extent that it would have bcen preserved and would have been passed to and been held by the Alortgagee had it been duly and regularly assigned. usnsferred, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the tact that the same may be satisfied arid cancelled of record. it being the intention of the parties hereto that the same will be satisfied and cancelled of recard by the holders thereof at or about the time of the recording of this mortgage. ~ 5. ln the event the ownership of the mortgaEed premises, or any patt thereof, becomes vested in a person ~ other than the !Nortgagor, the `lortgagee may, without notice to the Mortgagor, deal with such succassor or suc- cessors in interest with' reference to this deed artd the debt hereby securad, in the same manner as with tha Mort- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises he~eby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured 6iven by the Mottgagee shall operate to release, discha~ge, modify. change or affect the original liabitity of the Mortgagor herein either in whole or in part. 6. The lien a[ this deed secures an~i shall continue to secure payment of said indebtedn~ss or indebted- ness, however evidenced, whether by said promissory note or any renewal or txtension thereoC or substitutt there- ior, or otherwise, until all such indebtedness shall have been fully paid. 7. In !he e?•enI the mortgagors sell, convey or transjer the morfgaged prernises during the Iije of this mort- Qage, then this mortgage shafl, at the option oJ the Alor~gagee herein, becorne inimediately due and payable jor the Jul! surn oj Ihe principal ba/unce and interest then due. 8. The tenns "Mortgagot" and "Mortgagee" whenever used in this instrument shall include the heirs, personal cepresentatives, successors and assigns o[ the respective patties heteto. Wherever used the singular number shal! include the plural and the plural the singular, and t6e use of any g~nder shall include all genders. Si ed, seale n elive n the presence of: (Seal) ' _ C : ~ ~ (Seaq I ~ ~ , STATE OF FLORIDA ~ f COUNTY ST.~LUCI~ SS ~1ILLIE PRATT and DORA E. PRATT, his Wife, ~ r Before me persona{ly appeared also known S3 DORL~ I. P~l~ , to me well known and known to me to be the individuals described in and who executed the fore~oing instrument, and acknowledged before me that they executed the same tor the purposes therein expressed. WITNE$$:tQy, hand and official seal in the County and State last aforesaid this 28th Da of A ril, 1973'~~„ Y P .i, . : ; . ~ ~ ' _ ~ . . , . ; . , . . _ ~ ~ ~ - ~ ~ ~ ~ ~ : ' Ny Commission Expires: Juile 3O ~ 1975 Notary Public. State of _~.r~i ~ ` ; FtCED ~.4C ; ~ '.rr""' % s ~ _ ST• WCI~ ~OUNTY fLA. ~~'~.~b . ; ROG:- =n:'aIs pF CCE~K~ .,.=~ED CQII~~/~f ~~?~qn~~...•' OF A ' M~r ~ l ~ ~ 11 3 i~ ~M 73 . 8oox~~~ ~?cE1~ 255116 _ j ~ ~ < : r - _ ti : ' ^y'~~ . ~:Gk ~ - y~ .`a ' 1 'ta~. a Y -iaC . "~6-~~'~'~~3~ ~ ~ . ~