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Home My WebLink About0583 ~ File 5-27,722 ~A~s mal~aRe ~y o~hr~ t~an~te~ ot ~~tle ~u ~he mal~ated poperty ~n e~t~nawshmeet ut the ~ndetr~eJness stcured DereDY. yll nsA~, t~tle aaJ ~nrc~txt at ~he !NM~~a~w in and to anY ~nswa?ct polic~es then in (orce sA~!1 pass to ~he purchaser o? ~rsn~ee. (h/ To pe~tam. c wnply ~r~~h Ynd ab~de by each and evety the a~~pulauons, a~ree ments, cond~u oes and covenants m sr~d p~wn~saoty no~e and in iA~x derd ~et (ortA. G 1 TAaI ~t any at said suma of mo~eY herem reterrcd to be nol promP~lY and (ully pa~d w~~A~n (~fteeo days neal atter tAe s~me severally becomes Jue and payable,or if each snd erery the st?pulat~ons, asttemrms, rond~tions ~nd covenants o~ sa~d ptaa~s- ~ say nole and tA~s deed, ot e~tAer, ~re not (ully perforsed, c"omphed wuh and as~ded by, ~he .~~d a`~re~ate swa menuoaed ~n asid . pom~ssorY note s1+a11 secoae due and psyable fatAr~th or therea[ter a1 the opiion ol ~he Nw~~s~ee ss fuiiy s~d completely as ~t tAe a~~d a~~re~ste sus o( said prom~ssory note ~ras a~jmsllY sUpul~?ed lo be pa~d an such d~Y. snyth~n~ m sa~d pomissory note or hero~n to tAe contrsry not~r~ihst~nd~n~. V) That ~n order to accele[ste ihe matun~y ot the ~ndebtedness hereby secured, bec~use ot the (a~lure o( ~he A1w~`a~or to pay any tax, asseasment, I~a~~l~ty, obhptian r+r rncumb~snce upon sa~d property, as hereio provided, it shall no~ be necessary or requ~site tha~ the mott~a~te sAal! fusl pay tAe same. 2. The l4lartgagee may, at his option. and without waiving his ri6ht to accelerate the indebtedness hereby ~ secured and tu foreclose the same, pay either before or after delinquency any or all of those cettain obligations ' required by the tcrms hereof to be paid by the Mottgagot. for the protection of the mcirtgase security or fot the col- ; lection of tht indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be chat~ed into the mortgage account and become an integrai pazt thereof. subject in all~ respects to the terms. conditions, and covena~ts of the aforesaid 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 mortgage, excepting however.. that said sums shall be repaid the Mortgasee forthwith upo~ its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the absttact or absuacts of titie cove~ing the mortgaged property shal! at all times. during the life of this mortgage, remain in possession of the A1orlgagee and in cvent of the foreclosute of this mortga~e ot other transfer of title to the mottgaged property in extinauishmcnt oi the indebtedness securcd hereby, all right, title ~ and interest of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~ 4. To the extent of the indebtedncss ot the Mort~agor to the Mortga6ee dcscribed herein or secured hereby. ~ the \tortgagee is he~eby subrogated to the tien or liens and to the rights of the owners and holders thareof of each and every mortgage, lien or other incumbtance on the Iand described herein which is paid andtor satis[ied, in ~ whole or in part, out of the praceeds of ihe loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances. shall be and the same and each of them hereby is preserved and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedaess to the Mortgagee herein desccibed j or hereby secured, to the same extent that it would have been ptesetved and would have been passed to and been ~ held by the ~tortgagee had it b~en duly and reguiarly assigned, transfened. set over, and delivered unto the Mort- ~ gagee by separate deed of assignment, notwithstanding the tact that the samo may be satisfied and cancelled of record,- it being the intention of the parties hereto that the same will be satisfied and cancelled o[ recocd by the ` holders ther~of at or about the time of the recordina of this mortgagc. ~ 5. In the event the ownership oC the mortgaged premises, or any part thereof. becomes vested in a person : other than the !1lortgagor, the ~lortgagee may, without notice to tha Moctga6or. dea[ with such successor or suc- s cessors in interest with reCerence to this deed and the debt hereby secnced. in the same manner as with the Mor1- gasor without in any way vitiating or dischargina the Mortgagor's liability hereunder or upon the debt hereby j secnred. No sale of the premises hereby mortgaged and no forbeacance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secuted given by the Mortgagee sMall operate to release, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in patt. 6. Th~ lien of this deod secures and shatl continue to secure payment of said indebtedness or indebied- ness. however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- for. or otherwist, until all such indebtedness shall have been fully paid. 7. In the event the mortRagors sell. convey or t?ansjer the mortgaged pre~nises during the lije oj this mort- goge, then this mortgage shafl, at the oplion oj the Alortgagee he.ein, become inunedi4tely due and payabte jor the jul! sum oj the principal balance artd interest then due. 8. The tenns "Mortgagor" and "Mortgagee" whenevor used io this instrument shall include the heirs, personal rep~eseotatives, successors and assigns o[ the respective parties hereto. Whetever used the singular ~ numlier shall include the plural and the plural the singular. and the use of any gender shall include all genders. s ~ ; i t j Sig ed~ sealed nd d've d in e prosence of: ~Uf ; i ^~~~C.J~-~t-- / ~ f , (Seal) I ~ c tcE' ~ -F'-. ~ %i :-ac. 1 i ~ ~ " STATE OF FLORIDA I ~ COUNTY OF ( ss t ST. LUC~ ~ Before me personally appeared PERCIE BENNETT BRUMSEY attd WILLI~ BELL BRUMSEY ~ h~}Se ; to me well knovm and knovrn to me to be the individuals described in and who executed the foregoing instrument, ' ~ and acknowledged betore me that they esecuted the same for the purposes therein expressed. WITNESS my hand ' and official seal in the County and Stat~ last aforesaid this 19th Day Of .111 1973 ~ ~~~~~,s~~~„~~~,,,,,~ ~ ` 3 n ' t . ~~4 i ~ ~ ' . g ~ , 4 F C ah ~ - ~:~''t I~t " t Hy C~~~~~~~~ , June 30, 197$ Notary Public, State of Fl t~ E RC;,E~ ?J~TRAS ~ ~ ; . - c~E~:K c: ~:rr' c~uRt : 1 n c• ' ~F^'~F ~ ~IF~ .-!=U ~ , i1 , . ~ . . ~ - . Auc l I i 13 AH - '73 : ~ 2s~,s~;~ ~ ~ ~ ~~~2~~ ~ ; . 7 d ~ . _ = - . _ , . ~ - ~