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Home My WebLink About0610 _ File 5-28,252 notice thereot by a~il to the ~lortgagee and the btortg~gee may make proo( of Iws it the same ia not made promptly by the Mortgrgw. !n svent; ot torr cloeuro ot this mortg~ge or other tr~nater of lilk to t4e mort~~ged pr°penY in e:tinguisMwnt of the indebtedaas aetvted haeby. aU rigAt. uUe and iaurest ot tLe Mortg~gor in u~d to any iawraace po6cies tAea in torce ahall pa~e to the purchaaer or gr~nces. IA1 1b patorm, eomply aitA u+d abide by e~ch and erery tAe stipulatiau. ~greements, conditiona ~ad covenanu in said promisaory note ~ad ia this dsed set torth. 1i171ut it any oi aaid suau ot money herein reterred to bi+ not promptly end tully p~id withir~_--__Iitteea days n~t ~tter the s~me severaUy becomee due and p~y~bk. or if e~ch aod ev~y tM atipulations. agnements. rnrditioro and oovenanls ot s~id promi~ory note ~nd thia <1eed. or either. ~re nW. tulty p~forn~ed. canpiied with aad ~bided by. the aaid ~g~e~te sum mentioned in eaid promiaaory ~?ote sAall become due aad payable fortA~ritl~ oc tAerbatter ~t [M optioa ot the Mortgagee u(ully and completdy u it che said sggreg~te sum ot aaid promi>+ory oote ~ras origiylly stipulated W be p~id oa such day. anyt!?ing in eaid promisaory note or herein to She cont nry not~ithsunding. 1 j? 7lut in order to accclente tAe maturity o( tAe indebtedness hereby se~vred, becaux ot the tulure ot iAe Mortgagor W p~y any tu. ~sseaament, liabib- ty. obligation or en~vmDrance upon said propertY. aa Aerein provided. it eMU oot br necesaary or requisite t}ut the mortg~gee shall fusL p~y the ~une. 2. The Mortgagee mey. at his option, and without weiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or ali of those certaia obligationa required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebted- ness hereby secured. All sums so advanced or paid by the Mortgag¢e shall be charged into tfie mortgage aocoant and become an integral part thereof, subject in aU respects to the terms, conditions, and covenanta of the afocesaid promis- sory note. and this mortgage, as fully and to the same eztent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, ezcepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the Gfe of this mortgage. remain in possession of the Mortgagee and in ev~t of the foreclosure of this mortgage or other transfer of title w the mortgaged property in eztinguishment of the indebtedness secured hereby, ell right, title and intereat of the Mort- gagor in and to any such abatracts of title shall pass W the purchaser or grantee. 4. To the eatent of the indebtedness of the Mortgegor to the Mortgagee described herein or secured hereby. the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and haWers thereof of each and every mortgage. lien or other incumbrance on the land described herein which is paid and/or satisfied. in whole or in part. out of the proceeda 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 of them hereby is preeerved and a~all pas~s to and be held by the Mortgag~ee herein ae security for the indebtednesa to the Mortgagee her~n described or hereby eecured. to the eame ertent that it w?ould have been preserved and would ha~ e been passed to and been held by the Mortgegee had it been duly and regularty essigned, transferred, set over. and delivered unto the Mortgagee by aeparate deed of assignment. notvrithatanding the fact that the same may be satisfied and cancelled of record, it being the intention of the partiea hereto thet the same will be satisfied and cancelled of record by~the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such auocessor or successors in in- terest with reference to this deed and the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or discharging 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 e:tension of the time for the payment of the debt hereby secured giv~ by the Mortgagee shall operate to release, discharge, modify, change or affect the original lia- bility of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however j evidenced, whether by said promissory note or any renewal or extension thereof or substitute Lherefor, or otherwise, ~ until ell such indebtedness shall have been fully paid. 6 7. In the euent the mortgagors seU, c~onuey or tmns~er the mortgaged premises during the life of this mortgage. ; then this rnortgage sleaU, at the option of the Mortgagee herein, become immediately due and payable for the full sum o~ ~ the principal 6alance and interest then due. _ E 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shaU include the heirs, per- ~ sonal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall ~ ~ include the plural and the plural the singular, and the use of any gender shall include all genders. ~ J ~ ~ , ~ ` / ~ Si d, sealed a d ed i e ce of: z-~`"~~ 1 Seal) ~ ~ / ~ l Sea11 ~ ~l ~-,t - . ~ ~ ~ STATE OF FLORIDA ss COUNTY OF D~~ ~ ~elo~e me persEonally eppeared CURTIS REVELS and ANN REVELS , his wife ~ T to me well Imown and known to me to be the individual described in and who ezecuted the foregoing instrument, end _ acknowle~ged before me that they executed the same for the purposes therein espressed. W ITNESS my hand and - official sesl in the County and State last aforesa:d this 6th Day of September, 1973 # ~i '4 ~d - \ .I'' n :a*: t" ••~~a~~~~~..~ ; ^ My Commission Expires: JUAe 3O , 1975 Notary Public, te of :r ' „ - . - .n - " a~C~ - ~ • F1LE' ."~~=i PiR _ 7 ~ _ St. - . - ~ b 1 c, , ~ ~~t~' 6.~ "Y. S . , , ..~~tT . - ~ . ~ '~~7~~'~•.....••'~~ ~ ~ i~ ~ ' . . 5 i ~ GcT I 3 Zs ~h'~3 -~r,. : ~ 264853 $0~2~~ Si~ ~ ~ . - . _ - . W~: