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Home My WebLink About2852 File 5-27,681 tAis mortp~e or utAe~ ltansiei of 1iNe to the munrared puperty ~n eaUn~u~~hmeot ol ~he ~ndehtrJne.> .ecwcd hercbY, aU niht, hile and ioletest at Ihe Mortssaa ~n ~nd to aoy ~nswance pol~c~es then in (orce al~all pass lo ~hc purchase~ .x ~trrn~ee. lA) To per(am, c.~mply Wuh a~d ab~de by eacA anJ every tAe tupulat~ons, a~reeaents, cond~uun~ and cc~enaot. ~n ~a~d pr.,m~.sory nole and io thi.r deed +et (u~th, (i) That i( any of said surtu o( money Aertin ~eferred to be not ptomptlY and (ully pa~d wi~hin fif~rrn JaY~ ncct a(tei ~ the same severally becomes duc and payable,or it eacA anJ everY thc sUpulauons, agrremen~s, ..,nJiuun. y~d covenants of sa~d prwn~s- say note and th~s deed, or e~iher, are not (ully per(ormed. cumpl~ed ~~tA and ab~ded by, the :a~d aKi«Er~e sum menucu~rd in s~~d ~ ptomissory note ahall becaae due and payable feKthritA ar the~~a(tet at the option ot the AturtK~gee ac (u11Y ~~d completelY as ~f thr ~ x~id asf,re~~te sum of said promi.sory note was or~s~nallv st~pul~ted to be paid on sucA day, anythm` m si~d p~om~+sory note or here~n to the coolrary notWi~ha~a~dins, • lj) That in order to aceNerate the mawnty ot the inJebtedness hereby secwed, because o( thc ta~lu~e of ~he \1ur~ga~or tu pay any ta~, assessmen~, I~ability, abligstion ix rncumbrance upw~ sa~d property, as Arre~n provided, it shall not be ne:e.~arY a reQu~site that ihe mortsa~et shal! fu~t p~y the same. 2. The 1~lortgagee may, a1 his option, and without waiving his right to accelerate the indebtedness hereby secured and to [oreclose th~ same, pay either before or after delinquency any or all of those certain obtigations required by the tecros hereof to be paid by the ~lortgagor for the protection of the mc~rtgage security or for the col- _ - lection of' the indebtedness hereby secured. All sums so advanced or paid by the !~tortgagee shall be charged into ~ the mortgage accaunt and become an integral part thereof, subject in all respects to the terms, conditions, a~~ covenants oG the aioresaid promissory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this rtwrtgage, excepting huwever, that said sums shall be repaid the Mortgagee Corthwith 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 property shall at all times, during the life of this mortgage, remain in possession of the !~lortgagee and in event of the Coreclosure of this mortgage ar other transfer of title to the mortgaged property in eactinguishment of the indebtedness secured hereby. all right, title and interest of the ~lortgagar in and to _any such abstracts of title shall pass to the purchaser or grantee. ~1. To the extent of the indebte~~ess of the Mortgagor to the Mortgagee described hecein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights oi the owners and holders thereof of each and every mortgage, (ien or other incumbranee 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 and each o[ them hereby is preserved and si?atl ' pass to and be hetd by the \lortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have bee~ pteserved and would have been passed to and been held by the 1lortgagee had it been duly and rtgularly assigned, transfened, set over. and delivered unto the R~ort- gagee by separate deed of assignme~t, notwithstand'ing the tact that the same may be satisfied and cancelled of record, it being the intentian of the parties hereto that the same will be satis[ied and cancelled of record by the holders thereof at or about the time af the recording of this mortgage. 5. In the event the ownership o[ the mortgaged ptemises, or any patt thereot, becomes vested in a person other than the 4lortgagor, the ~lortgagee may, without notice to the ~lortgagor, dea! with such successor ar suc- cessors in interest N•ith rettrence to this deed and the debt hereby $ecuied, in the same manner as with the 11ort- gagor witho~t in any way vitiating or discharging the hlortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the patt of the !~lottgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to release, discharge, modify. change or affect the original liabi{ity of the Alortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness orindebted- ness. however evidenced, whether by said promissory note or any renewal or extension thereoC or substitute thete- for, or otherwise, until al! such indebtedness shall have been fuliy paid. 7. /n the event the moitga~o?s se[t, convey or transjer the rnortgaged premises during the lije oJ this mort- gage, then this mortgage shall, at the option oj the blo?tgagee 6erein, becorr.e immediately due and payable Jv~ ~he jull sum oj the principa! bafance and in~erest theR due. 8. The terms "Mortgagor" and "Mottgagee" whenev~r used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shal~ include the plural and the plural the singulat, and the use of any gendet shall include all genders. I ° ~ ~ Sig d, seale nd 1~ ere n the resence of: (Seal) ~ c._`~...~ ~ -C~~,r,~.~?~ ` ~ ~ ~ (Seat) ! ~ ~ _ t c~ L: ~ ' ~c c ~-sc .c ~ 3 t ! i~ ~ STATE OF FLORIDA I ~5 s COUNTY OF~ ~ ~ S~.e~LU~I~rsonally appeared JOHN F. ARMSTRONG and CATHERINE C. AIZMSTRONG~ his wife; € to me weli known and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged before 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 12t~1 DSy Of Jt11.y, 1973 s 7 ~ f i „f ~ ~ 260105 ; ~ ~ . ; ~ly Commission Expires: _Tune 3n ~ 1975 Notary Public, State o e a ? : .7 1 7 ^ ~'~~c j''; = fIl.EO AN~ AECOROEO • y ~ = ~ ; SL WCIE COUNTY FLA. w • ~ ; : _ : * ~ AOGER ?prTRaS ; , ; p~ c~ : ; • y CLER?; CiRGUIT COURT • 1 n•~- - . ' ~ ~ ~ ~ ; ~ . ' RECORD VE~ ~~~~p.~,~ ~ " • ' ' s . . ~ ' : . •.......••~,::s.~; ~ ' Ju~ 30 2 o PH'73 . g ~c if?_ ~~~~^./V ~ 4 ~ ~ ~ ~ yt."~~~_ ~ ~ +T ~ 4~ Y y~' t" 4 G~~ ~..,r' h`-r7w~K" f~:+.. F ~ e' i.-~~~t~. ~ ih' ,~`~3"" ~r ~~k__~~>'~"'-'~~ ~ a ~ . _ ~,s'~'"_~~