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Home My WebLink About0167 File 5-27,965 thi. mw~~aKr ~w u~Arr uan.le~ o( utlr ~u ~Ae mung~~ed ~xope~ty ~n cwnkuuhmen~ u~ Ihe ~ndel+teJness +ew~rd heteby. •U n~h~, hUe and ~n~ere.~ ~+1 ~Ac At~at~a~w ~n and to ~n~ ~nswanct pol~c~e~ ~hen ~n torce shall pau ~o ~he purchasc~ ~x paniec. (A) Tu prnwm, ..M+~IY M'~tl? and ab~de hy each snd every the st~pulauons, speements, cond~t~oas and covenan~s ~o sa~d prum~ssory nole anJ m th~. derd .r~ (orth. 1 Tha~ d anY u( sa~d sum~ ui muney here~n refetrrd ~o be nu~ prumpUy and tully pa~d +~th~n (~hc.n Jays neu atter tAt sarae seve~aily becomea Jue and paYaAle,~x d euA and every the aupul~uons, a~reements, c~.nd~l~ons and covenaMS o( sa~d ptan~s. say note sm1 th~~ deed, or euher, a~e not (ully per(amed, camDl~ed wuh and as~ded ~y, the >a~d a~~~e~ate sum menuoned ~n sa~d prom~ssory note shall becane Jue am1 payabie forthr~tA or Merea(ter a1 Ihe opHm ot the ~lortp~ee as fully and completely as if t~e .a~d a«e~a~e sum af sa~d prom~c~wy note ~ras on~~na11Y ~Upulated to be pa~d m sucA d~Y. anyth~n~ ~n sa~d prom~sso~Y ~ott or here~n tu the conlrary eotr•~Ihstatld?eE. 1 Tha~ ~n order to acctlerate the mawnty o( Ihe mdtbtedness hereby secured, because ut the ta~lure o( ~he No~l~asur tu p~y any iaa, •ssessmeat, liab~t~ty, obG~ation or rn.umbrance upon ss~d prnperty, as hetem provided. sAall not be necusary or rcQu~siu ~ha~ the murt~a`te sAall fusl pay the same. 2. The ~lortgagee may, at his opt~on, and without waiving his ~ight to accelerate the indebtedness heteby ~ecured and tu foreclose the same, pay either before ar after delinquency any or all of those certain obligations required by the terms hereot to be paid by the Alortgagor for the protection of the mortgage security or foc the col- lection of the indebtedness hereb~~ secured. All ~ums so advanced or paid by the !Nottgagee shall be chatged into the mottgage account anJ became an integral pazt thereof, subject in alt tespects to the terms, conditions, aod rovenants of tht aforesaid prom~ssory note, and this mortgage, as fully and to the same extent as though a part - ~f the original inde~ited~ess evidenced-by saiJ note and-sa~ured-tsy this mortga~e; excepting hoarever,--that said sum~ shall be repaid the .;1lortgagee fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstrac~t or abstracts of title covering the mottgaged property shatl at all times. duting the life .~f this mortgage, remain "in possession of the hlortgagee and in event of the foreclosure of this mortgage or other transfer of t~t~e to the mortgaged property in extinguishment of the indebtedness secured hereby. alt right. title and interest of the ~lortgagor in and to any such abstracts of title shall pass to tha purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the !Nortgagee described herein or secured hereby, the !1lortgagee is hereby subrogated to the lien or liens and ta th~ rights of tht owners and holders Ihereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satis[ied, in whole or in part, aut of the proceeds of the loan described herein ot 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 fot the indebtedness to the Mottgagee herein described or hereby secured, to the same eztent that it would have been preserved and would have been passed to and been held by tho \tortgagee had it been duly and regularly assigned, transferred, set ovtr, and delivered unto the Mort- gagee by separate deed af assignment, notwithstanding the fact that the same may be satisfied and cancelled of ; record, it being the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mottgage. 5. In the event the ov?~nership of the mortgag~d premises, or any part thereof, becomes vested in a person other than the ~lottgagor, the ~lottgagee may, without notice to the Mortgagor. deal with such~.~uccessot or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same ma~net as with the ~1ort- gagor without in any way vitiating or discharging the 111ortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the hl~ttgagee, and no ex- tension of the time Cor the payment of the debt hereby sacured given by the Mortgagee shall operate to release. discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien o( this deed secures and shall cantinue to secure payment of said indebtedness or indebted- , ness, howevet-evidenced, wiiether by said prumissory note or any renewal or extension thereof or substitute there- i for, or otherwise, until all such indebtedness shall have been fully paid. ' 'I. ?n the event [he mortgagors sefl, convey or transjer the morlgaged preraises during the lije oj ti~is mo?t- Rage, theri this morrgage shal/, at the option oj the Alortgagee herein, become immediutely due and payable jor the ' jull sum oJ the principal 6alance and interest then due. ~ 8. The tenns "Mortgagor" and "Mottgagee" whenever used in this instrument shall include thc heirs, ~ personal representatives, successors and assigns of the r~spective parties hereto. Wherever used the singular ~ number shall include the plural and the piural the singular, and the use of any gender shall include all genders. € ~ ~ ~ F ~ ~~~'1c ~ c~ Si ed, sealed ~ er ~n presence of: (Seal) ~ ~ ~ (SeaU ~ ~ ; ~..~~fuG= - ~ ' ~ -~.-c ~ , ~ ~ STATE O RIDA ~ ~ CQ Y OF~~ ~s ~ ~"ST. LUCIE ~ ZELPHA McPHEE, an unmarried woman, also known ~ Before me personally appeared gs ZELEPHA M. MePHEE • il to me well known and known to me to be the individuals described in and who executed the foregoing insttument, 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 16th Day of August, 1973 . - `~~~~~~uu u~~,,.,. - ^ ~ . . ~ ' . . _ - " - . ' ; .7 l.• ' ' ~ly Commission Expires: Jutte 30, 1975 Notary Public, State of Flor~d - ' ' r . ~G .~r ' ` ; _ P.ECLRO~~ ~ ' "s .J ~~'•r~'.'1 .I ~ fILE7 A!~?? ~NS~ p?,A' ~r~,,,.r-'~~`~• ~~7.~ ~ "t:•,.~~~~_.~~: y r::`~• . 11~~t ~3~~ I~S ~ ~ ~6' •••.....••;,.;i..~,.~ St' ~nGEi: f ~Z~GO~Rj ~i,~ lj, . ' ~F~C G~=.C~ , f ~ . Cl~ _ ',f ~ i . l+r~i~r~~~:. . ~ RFC~ ~ ~ ` ~ 43 ~3 ~ ' ~ ~ ~ ~ 2~ ~~~~18 PA~ ~.67 ~ 262511 - ~ ~ ? ~ ~ • - " ' ~ ~ ~ ~ . . _ . _ . - - ~ ~ ~ ~~~.s ~ _ ~ . - T~~=-~v~