The URL can be used to link to this page

Home My WebLink About0110 ' ~ Our file 5-27,219 1A~s murtKaKr .N ~~tAr~ uan.la u1 utlr 1u ~Ae muttraged popctty m exuneu~ahment ul tAe ~ndehledness secwcd hcrcny, all n~hl, utle and ~n~ere.t o( tAe \/ur~`asw m+nd io any ~nsu~anre pol~c~es ~hen ~n face shsll pass to the purchaset or ~rantee. (h) To perl~wm. a.r+~ph' ~r~th and al+~de b~ eacA and cverY tAe a~~pulat~ons, a~rcements. cond~Uuns and cavenants ~n s~~d prumissuty note a~J ~n th~. d~rd .rt lor~h. (i 1 Tha~ ~t any o( .a~d sumc ul money here~n ~e(ertrd to be nut prwnptly and (ully pa~d wuhm hf~een days neat a(ur the same severally becomes Jue and paYa~le,o+ ~t eacA and every Ihe shpulat~ons, a<<eemrnts, iundrt~ons and covenams o( sa~d pran~s- say nole and th~s dceJ, or ~uAer, are not fully pe~formed, cumplied ~~~h and ab~ded by, tht ~~~d a~dre~ate sum mcnuoned in sa~d promissory nute shall bec~une due and payvQle (athr~tA cx therea(ter st the ophon ot the Norl~a~ee as (ully and comple~cly as i(,lhe sa~d at~reta~o sum a( sa~d prcun~s~ot>' nole ~as or~~~nally shpulated tu Ae pa~d on such dry, anythm~ m ss~d prom~ssoty note w here~n to the con~rary notr~~h.;~andlnE. V 1 That m order to acceleraie tAe rtu~ur~~y ot ihe indcbudness Aereby securcd, because o( tAe ta~lure of ihe \1at6aso~ to pay any aa, •sse~sment, I~ab~h~y, obl~`ation ~•r rn.umb~ance up~w~ said proper~y, as herc~n prov~ded, u shall no~ be neces~ary or tequ~sitt that ~he mortsa(tee shall f~rct ~rap the same. 2. The \lottgagee may, at his opt~on, and without wa~~ing his right to accelerate the indebtedness hereby . secured and t~~ foreclose the same, pay either before or after deli~quency any or all af those certain obligations required by the terms hereof to be paid by the \lottgagot for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so adva~ced ot paid by the !Nortgagee shali be chatged into the mor~gage accaunt anJ hecome an ~ntegral part thereof, subject in ail respects to the terms, conditions, and cuvenants of the aforesaid pmm~ssory nott. and this mottgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the !1!ortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged propetty shall at all times, during the life of this nwrtgage, remain ~n possession of the !~lottgagee and in event of the ~'oreclosure o[ this mottgage or other transfer of title to the mortgaged property in extinguishment o[ the indebtedness secuted heteby, atl right, litle and interest of the \lortgagor ~n and to any such abstracts ot title shall pass to the purchaset ot grantee. 4. To the extent of the indebtedness of the Mottgagor to the !1lortgagee desctibed hetein or secured heteby, - the ~lortgagee ~s hereby subrogated to the lien or liens and ta the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in whole or in' part, out of the praceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is presetved and shall pass to and he held by the \tortgagee herein as security for the indebtedness to the Mortgagee herein desctibed - or hereby secured; to the same extent that it would have been preserved and would have been passed to and been held by the \lortgagee had i1 been duly and tegularly assigned, ttansferted, set ovet, and delivered unto the Mott- gagee b}~ separate deed of assignment, notwithstanding the tact that the same may be satisfied and cancelled of record, it being the intention o( the patties heteto that the same will be satistied and cancelled of recotd by tho holders thereof at or about the time of the recording of this mortgage. 5. In the event the ov?•nership of the mortgaged premises, or any part thereof. becomes vested in a person other than the ~lortgagor, the \lortgagee may, without notice to the Alortgago5. deal with such successor ot suc- cessors in interest N•ith reference to this deed and the debt hereby.secured. in the same manner as with the Mort- gagoc without in am• way v~tiating ot discharging the Mottgagor's liability hereunder ot upo~ the debt hereby secured. No sale vf the premises hereby mortgaged and no forbearance on the part of the Mottgagee, and no ex- ; tension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to telease, ; discharge, modify, change or affect the otiginal liability of the Mortgagor herein either in whole or in part. G 6. The lien of this deed secures and shall continue to secute payment of said indebtedn~ss or indebted- ! ness, however evidenced, whether by said prumissory note or any renewal or extension thereof or substitute there- j for, or otherwise, until all such indebtedness shall have becn fuliy paid. ~ '7. /n ~he e~•en~ the mortRaAors sell, convey or transJer rhe mortgnged prernises during the li/e of this mort- ,qaRe, then this mo??gaRe shall, at the oplion oj the Afo?tgagee herein, 6ecome immedia~ely due and payable Jor the Ju!! sum oJ the pr?ncipol 6alnrece and interesr then due. . 8. The terms "Mortgagor" and ";1lortgagee" whenever used in thic instrument shall include the heics, personal representatives, successors and assigns of the respective patties hereto. Wherevet used the singular number shall include the plural and the plural the s~ngular, and the use of any gender shall include all genders. Signe , sealed a er the presence of: (Seal) ~ ~ (SeaD f~c ~~.cJ ~ STATE OF FLORIDA I ~ COUNTY OF ~ ~5 ~ ST . LUC~ Before me personatly appeared CHARLES C. ALCOCK atld SARAH C. ALCOCK, his wife~ to me well known and known to me to be the individuals described in and who executed the foregoing ~nsttument, ~ ~r~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and offic~al seal in the County and State tast aforesaid this 26th Day of May, 1973 ~ fg ~ . _ ~ ' ~ , - ` ~ t June 30 , 1975 ~ ~ + ~ j ~ ~ly Commission Expires: Notary Public, State. a1~~~ . ht' " e ~i Q ~ c- ~ ~ ; Ftlf~ ~h~ . ~ ~.~k"vE0 : ° ~ : - = i1.~.uG~~ :vuN;r Fl~~ : cs : F J - Tf'!S . • ~ ~4 ~ C jl'Rt t - % , :~i~. ~ ' ~ : f l , r__• . 4' c- 25~o2s~ ~ . : . . ` w:+ pirr~(~"' - r ` xw - - ~ai ~I,~ /ti~'-..~~~~N• ~t-~~ ~ ~ z3~~~j ~ ~A J~ . ~R ~ ~o _ B~::K 215 ~~~,F - ~ _