The URL can be used to link to this page

Home My WebLink About0847 File 5-27,790 thi, mutlRaKe .x uther transler ot u11e w tAe mott~a~ed prope~ty ~n esl~nawshau~t ot tAe ~ndebtedneas secu~ed hereby, all r~~ht, utle anJ ~nure~s~ ~~t ~Ae A1o~~~aaa ~n and to any ~naurance polic~es ~hen ~n force sA~ll psss to tAe pwcA~ser a~rsn~tt. lAl To peri~vm. complY and abide by e~ch ~od everY Me aupulat~ons. ~~reemeets. cond~uons sod coven~nta ~n c~~d prom~c~ory na~t and ~n ~h~. dted set forlh. 1~ 1 Tha~ J any of ss~d sums ot muney here~n ~efr~ted to be not p~omp~ly ~nd tu11Y pa~d ruA~o (dteen Jays ne*~ af~e~ ( ~he same ~ererally becanes due snd paYahle,a eacA and every lhe st~pulat~ons, ~~reements, condu~onc and corenantc o( sa~d ptan~s. ~ awy oote and th~s deed, or euher, ~re not tully pe~(oraied, compl~ed ~~~h and aD~ded by, the ss~0 s«rep~e sum menuoeed m aa~d ~ramasw> nute chall becaae due and paYable (athr~tA cx thereattet ~t the op~ion ot the A1at~a~ee ss fully and compietelY as tAr .aid aR{retate sum ol ia~d ptom~.cory no~e vras w~~ma11Y supulated ~o be paid an such daY. anythms ~n sa~d pranissory note ot here~n ta ~he .~.n~~•~> not~uhsundmR. l~ 1 Tha~ ~e nrder to ucNcrs~e ~he maiuniY of ihe indebtedness hereby secured, because of the f~llure of the Na~ts~w ~o paY anY ~~x• ~cse.sment, IuDi1~1~~, obl~sauon ~+r encumbrance upw~ s~~d property, ss herem provided, ~t shall not be necessuy ot reQu~sut tAat the ~ m~,r~RaRee sAall fvst pay the saa?e. 1 2. The \lortgagee may, at his opt~on. and without waiving his ri~ht to accelerate the indebtedness hereby ~ serured ar?d to fo~eclose the same, pay either be[ore or after delinquency any or all of those certain obligations ~ rtqu~red by the terms hereof to be paid by the Mortgagor far the ptotectio~ of the mc~rtga6e security or fot t6e col- ~ lection ~~f the indebtedness hereby securcd. Al) sums so advanced or paid by the Mortgagee shall be charged into the mortgage account anJ become an integrai part thereaf. subject in all respects to the terms. conditions, and cove~ants of the aforesaid promissory nute, and this mortgage. as [uliy and to the same extent as thou~h a part ~•f the original indebtedhess evidenced by said note and secured by this mortgage. excepting howeve~. that said sums chall be repa~d the '1lortgagee forthwith upon its demand and be in addition to the regular monihly iostall- ments pcavided by the mortgage note. 3. That the abstracl or absuacts of title covering the mottgaged ptoperty shall at all times. durin~ lhe li[e of thi. mottgage, remain in possession of the Alortgagec and in event of the foreclosure of this mortgage or other tran.fer of title tu the mortgaged propetty in extinguishment ot the indebtedness secured hereby, a11 ri~ht. title and intetest of the ~lortgagor in and to any such absttacts of title shail pass to the puichaser or grantee. To the extent of the indebtedness of the Mortgagor to the Mortgagee desctibed herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each and every mortgage, lien or other incumbrance on the land described herein which is paid and!ot satisfied. in v?~hole or in part, out of the proceeds of the loan desctibed herein or secured hereby. and the respective liens of ; said mortgages, lieos or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the Nortgagee herein as security fer the indebtedness to the Mortgagee herein described or hereby secured. to the same eatent thst it would have been pteserved and would have been passed to and been held by the ~lortgagee had it been duly and te~ularly assigned. transfetred, set ovet. and deliveted unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto tliat the same will be satisfied and cancelled of recotd by the holders thereof at or about !he time of the recording of this mortgage. . 5. In the event the ownership of the mortgaaed pteEnises. or any part thereof. becomes vested in a person other than the \lortgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successot or suc- cessors in interest Nith reference to this deed and the debt heteby secured, in the same manner as with the Mort• ~ gagor w~thout in any way vitiating or discharging the Mortgasot's liability heceunder or upon the debt hereby secured. No salo of the premises hereby mortgaged and no Corbearance on the part of the Mortgagee. and no ea- tznsion of the time fur the payment of the dobt hereby secured given by the Moctgagee shall operate to release, discharge, modify. change or affect the original liability of the Mortgagor herein eithet in whole ot in patt. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substiwte thete- ~ for. .or otherwise, until all such indebtedness shall have been fully paid. ~ l. /n rhe event ~he mo~tAagors setl, convey or transjer the n~o~tgaged preniises during the lije of this mort- x E Rage, the» rhis mortgage shall, at the option oj the blortgagee hereia, 6ecorr.e inimediutely due and paya6le Jor the i ~ Jull su?n oJ the principal balance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenevar used in tlris instrument shall include the heirs. personal representatives, successors and assigns of the respective pacties hereto. Wherever used the singular number shall include the plural and the plural the singular. and the use of any gender shatl include all genders. Si , se el- •er in the presence of: ~ (Seal) ? ~/~/.,L~~il: _ ~ (Soal) ~J 9. - ~ STATE OF FLORIDA ~ ss COUNTY OF Q~~ ` ST B~~UCme personally appeared MILLAGE B. COLLINS and MILDRED C70LLINS , his wif e~ to me well known and known to me to be the individuals desctibed in and who executed the fotegoing instrument, ~x 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 28th Day of July, 1973 ~ ~ , ~ ~ . . t ~ ~1y Comm~ssion Expires: Ju~1e 30, 1975 Notary Public. State of Flori ~~l: _ . : _ = i • a. ~ c. - " : . , t: Fi~Er. vaa~EO : _ s ~ . . f' ST. WCI~ C~JCMTY FIA. ; 1 r' . - ~ RG ,f - ~~t•1 ~AS G~~ ~ ~t~yr. '•~J.; COURT ~ • . ~ ~ ' y-'i IE: . ~ . • ; ~uc 8 2 3s PM'ts . ~ ; ~ 26~ ~~aK ~17 ~b~f ~ 8~'7 ~ _ _ - = z~ ~ 'i"~ _ n. _ . _ _ > , _ . ~'a _ ~ ; ~ -~'~.a~