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Home My WebLink About2454 File 5-28,152 notia t6xeot by maii to tAs Mort~ages a~d ~he Mart~agee may make pi~oot ot Iwa if tAe aame is not aa~de promptlY by tl~s Mat~~. la ~veM! o( tors ebwu~ ot tAis mortg~s or other tr~na(~r of titb W 4M mort~Y~ P~~~Y ia e:tinguishmtat ot tM indebtednsM sscvrrd 6~b~. aU risAt, title ~ad iat~rMt ot the Mortg~gor ia and w aay inwraaos po6ciM t!?en ia foroe slrll pass w ths purclrur or sraucea 1611b p~rtorm, complr ~rit!? ~nd ~bid~ by e~cb ud evrry the ~tipulations. a~rewna~a. coaditions ~nd oownana in ~aid promiaory ~wu and ia tAis d~~d Mt tortR. i til'lbat ii aoy ot wid aums ot n?oaey herein ceferred w be aot promptlY ~~Y P~ w~itltin shwm day~ neat atur the same wvaraUy ' b~camM due and p~yabb. or if e~eA and every tAs stipulatious. ag~eea~en~+. caaditioas aad w~enants ot said praa~isaory aot~ aad ti~is dssd. ar eitMr. art not Iulbr prtormsd. complisd ~vitA ~ad ~Eidd by, the ~aid ~ggreg~te sum meatiooed in said promiseory note shall bsoo~ue due ~nd pynbis torthwitA or ~ t6~ceakar K th~ optioa ot the Martgagee u[ully aad campletely u it tde said ~ggrepts sum of s~id promia~o~y mts wu oriB~Y P~ on w~ch dq. anythin~ in said promisaory aote or 6aeia to the caurary ootwitlutanbug. : i 1 j I'I1ut in order to accelente the maturity ot the indebtednesa he~eby sen?red. beawe ot the t~ilure of tAs Mortaaaor W pay ~ny w~, asssan?eat, li~Eili- : tY. obliSatioa or emvm6ranee upon a~id property. as he~eia provided: it sluU not be necm.wy or roquiaits that tbe m~ortg~es sAall Grst p~y ths t~me_ { ! ! 2. 'Il~e Mortgagee may, at hes option, and withart waiving his right to accelerate the iadebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or aU of thoae oertain obligations required by the tenna hereof to be paid by the Mortgagor for the pmtection of the mortgage aeciuity or for the collection of the indebted• ' nesa hereby secured. All auma ao advenced or peid by the Mortgagee shaU bo chuged into the mortgage accouat and ~ become an integrai pert tbeceot, subject in et1 respects to the terms. conditiona: and-eovenante of the aforeeaid promie- - = sory note. and thia mortgage. sa fnlly and to the same eztent as though a part ot the original indebtednesa evidenced by ' said note and aecured by this mortgags. e~ccepting however. that said auana shaU be repaid the Mortgagee forthwit6 upon its demand and be ia addition W the regular montWy instaWnents pmvided by the mortgage note. ~ 3. That the abstract or abstracts of title covering t6e mortgaged property ahaU at all timea. during the life of this i mortgage, remein in pa~sesaion of the Mortgagee and in event of tbe foreclosure of this mortgage or other tranafer of title ~ to the mortgaged property in e:tinguiahiaent of the indebtednees aecured hereby, all right, title and intereet of the Mort• # gagor in and to any euch abatracta of title ahell paea to the purchas~ or grantee. = 4. To the eztent of the indebtedneaa of the Mortgagor to the Mortgagee deacribed berein or aecured hereby. t6e Mortgagee ia hereby subrogated to the Gen or liens and to the rights of the owners and holdPrs thereof of each and every _ mortgage. lien or other incumbrance on the land descn'bed herein which is paid and/or satisfied. in ~rhole or in patt. out of the prooeeda of the loan dexribed herein or secured hereby. and the respective liens of said mortgages. liens or otl~r incumbrances. ahall be and the same and each of them hereby is preserved and ahall pass to and be held by the Mortgagee herein aa security for the indebtedness to the Mortgagee herein described or I~ereby eecured, to the same eztent that it would luve been preserved and would have been passed to and been held by the Mortgagee had it been duly and regulu~? asaigned. transferred. set over. and delivered unto the Mortgagee by eeparate deed of asaigna~ent. notwithatanding the fact that the same msy be satisfied and cancelled of record. it beiag the intention of the partiea hereto that the same will be eatiafied and canoelled of reoord by the holders thereof at or about the tune of the reoording of thie mortgage. 5. In the event the owmerahip of the mortgaged premiees, or any part thereof. becomes vested in a pereon other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor, deal ~rith such auoce~or or auccessora in in- tereat ~rith reference to thia deed and the debt hereby secured. in the same manner as with the Mortgagor without in any ~vay vitiating or dixharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises : hereby mortgaged and no forbearance on the part of the Mortgagee, and no eztenaion of the time for tbe payment of the ~ _ . . . _ . ' --s - ' ~ ` - - ---t- -t_tt _..1........ .i:....{... ......i' ..{.e esFf~nf f{~o~rioinwl li~. .....p:. ~ (7CD(. dC[CU~ ~Cl.ii[tll~ (i~IYW Uj~ Ltit l~aJ~6a~bc biica:i tilic:o:.s :..s ac:c:tr.c.:.. -»::::w,j. o- - tility of the Martgagor herein either in whole or in part. ~ 6. The lien of t6is deed secures and shall contin~ to secure payment of said indebtedness or indebtedneas. however ~ evidenced. ~vhether by said promissory note or any renewal or ertension thereof or substitute therefor. or otherwise. ~ unta all such indebtedness shall have been fully paid. i 7. In the euent the moKgagors seU, conoey or transfer tl?e mortgaged pninises during the life of this ntoKgage. ~ ~ then tliis mongnge sl+al~_at t7ie opiion o e~gdgee herein; D¢compYrnme~iatetydue and payabie forthe fa(!-srrm~f ~a ; the principal balance and interest then due. j 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instnunent shaU include the heirs. pet- ! sonal representativea. successors and assigns of the respective parties hereto. Wherever used the singular nun?ber shall ~ p inclnde t~e plural and the plwal the a' and the use of any gender shall include all genders. `I € [ / ~ G~?.(Y / ? f ~ ~ S' aealed an eliv in e ce of : G~~2( ~ ~ ~ ~ J c~- ~ ~ , ~y~a ~3~~i_ (SCeI~ ~ , _!-fl.Ci' c:~ ~ r-s t~~ ~ ~ ~ STATE OF FLORIDA ~ COUNTY OF ~IR$$ ss ~ ~ SBeforeUmepersonally appeared LELAND A. THORNI~ON and ELSIE THORN'i'ON~ his wife, ~ ~ to me well Imown and known to me to be the individual described in and who ezecuted the foregoing instrument, and ~ ~ acknowledged before me that they ezecuted the same for the purposes therein ezpresaed. WITNESS my hand and ° _officia2 seat"m Ehe~u~3ty~ s~d-this-5 e~~~ _ ~ ,~V..6:,,~b~~~~~ ~ x; • ~ ~ . e ' • ~ •F My Commission Expires: June 3O , 1975 Notary Public, scace ot Florida = ~'''y' Y- i : : ~ - , ~t : "a • ~ •:i.~ . _ ~ _ ~ b, . : • St' `1 `r ` ~ii~ • .;3~'~~ ~ ~i h .C~' - ~ y ry~R • ih . . ~~~~VV l~~ O~~I1~~~' .'I~~tI1~~~~1~. 1:l'•,,• t a~p ~t V ~ . C`E~K ~WO GOUIIT ~ - r~ ~,QR~ V~p-?'1E ~ 2640'7~~ PE ' ° R 218 Pa~r2451 ~ = 3aGK O ~ 51 ~ ~ :ws _ ~ ~ ' ~ ~ . ~ = ~ _ ~ _ , ~ r ~=f~~~~~