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Home My WebLink About0613 ~ File 5-28,261 th~. miu~eape ~M oiAe~ uan.lc~ ol t~tlc w the mo~t~a~ed poper~y m c~t~nru~shmenf u~ tAe indeAtedness ~ecwcd he~ehy, all ~~~ht, ~~Ue and ~merest ~,f ~he N~•r~~a~u~ m nnd to any ~nswance pulic~es ~hen ~n (otce nh~ll pass ~o the purcA~se~ or Qun~ee. (~1 Tu perl~wm. ?irnplY witA and ah~de by racA and every the supulauons. a~rcements, cond~uons and coven~nta ~n ca~d prum~~swY nute and m ~h~. derd .ct iortA. ) Tha~ ~t any of sa~d sumc u! money here~n re(ertcd ~o be no~ ptwnpilY a~d fully pud ~uA~n 1d~een days ne?t a(~er the same severally becomes Jue and paYa~le,or d each and eve~y the shpula~~a~s, atreemen~s, ~ond~uons and covenan~s ot ss~d prom~s- swy note and th~s deed, or e~~her, are not (ully performed, comDl~ed ~~tA and ab~ded ny, ihe .a~d aRarep~e sum meeuoned m sa~d pr~~csoty nute shall becume due and payable (ath~~Ih ix therea(~er at the opuon ot tAe Nort~s~ee as (ully and completely as d tAe ssid a~~~t~y~e sum o( sa~d prcxn~ssury nole wss a~~mally supulated to be pa~d on such d~y, anytAm~ m sa~d prom~sso~y note or here~n to ~ht conlrary nnt~~lAsland~nR. ) That ~n order ~o acctle~ate the mawrity o( the mdebtedness hereby cecwcd, because of the (a~lure o[ ~he \1wt6a~or tu pay any taa. ~ssessment, I~ab~l~t~, obli~at~on or rniumbnnce upa~? sa~d property, as Aetem prov~ded, shall not be neces~ary a tequ~s~te that ~he m~~n~a~ee shall tus~ pay the same. 2. The Vortgagee may, at his option, a~d without waiving his right to accelerate the indebtedness heteby secured and to foreclose the same, pay either before or after delinquency any or all of those cettain obligations required by the terms hereof to be paid by the ~lortgagor for the protectio~ of the me~rtgage security or for the col- Irction of the indebtedness hereby secured. All sums so advanced or pa~d by the Mc~rtgagee shall be charged in~o the martgage account and become an integral part thereof, subject in all respects to the terms, conditions, and covenants ot thr aforesaid pmm~ssory note, and this mortgage, as fuliy 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 Alortgagee fotthwith upon its demand and be in addition to the regular monthly install- ments pravided by the mottgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in ~ssession of the Alortgagee and in~ event of the torectosute of this mortgage ot other transfzr of title to the mortgaged property in extinguishment ot the indebtedness secured 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 oi the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereo( of each and every mortgage, lien or other inewnbrsnce on the lund described herein which is paid and!or satis[ied, in whole or in part, out of the proceeds of the loan described herein or secured heceby. and the respective liens ot said mortgages, liens or other ~~cumbrances, shall be and the same and each of them heteby is presetved and shall pass to and he held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same eatent that it would have been preserved and would have been passed to and been hetd by thc !1lortgagee had it been duly and regulariy assigned, transferred, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the - holders theteof at or about the ume of the recotding of this mortgaga - 5. In the event the ownership of the mortgaged premises, or any pari 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 w~ith refercnce to this deed and the debt hereby secured, in the same manner as with the Mort- - gagor without in an~• w•ay vitiating or discharging the Morigagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mottgaged and no forbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Vlortgagee shall operate to release, discharge, modify, change or affect the original liability of the Mottgaaor herein either in whole or in part. i 6. The lien ~~f this deed secures and shall continue to secure payment of said indebtedness or indebted- ness. however evidenced, whether by said ptumissory note or any renewal or extension thereof or substitute there- ~ for, or othetwise, until all such indebtedness shall have been fully paid. ~ In the e~•en~ the morlgagors sell, convey or transjer the morrgaged preneises during [he liJe oj this mort- ! RaQe, then this mor~gage shall, at the option oj lhe Alortgagee herein, 6ecome immediately due and paya6le for the ~ Jul! sum oj the principal 6alance and interest then due. ~ 8. The terms "Mortgagot" and "Mortgagee" whenever used in this instrument shall includa heirs, _ ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used he singular number shall include the plural and the plural the s~ngular, and the us ~any nder shall include II gy~nders. ~ ~ ( ~ ~ Signe sealed er ~ e presence of: (SeaU c ~ ~ ea~) ~cc tc ~ z ~'L. ~ ~ STATE OF FLORIDA I ~ COUNTY OF~7 j ss 1 ~ ST~etorejmlpersonally appeared ~~EN McPHEE and GRACE MePHEE,his wife, ~ to me well known and known to me to be the individuals described in and who executed the foregoing insuument, ' - and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand . ~ and offic~al seal in the County and State last aforesaid this 20th Day of September, 1973 _ ;r ' .1~~.::,:111tl/f/ i y ~ ~ 26485~~ ~ - r ~ June 30 1975 ~ ~ ~ . , ~ ~ 11y Commission Expires: ~ Notary Public, State of F1o - e. _ ~ ~ ~ ~i:~r . ~ ~~-sTr'i-~'~ - i ~~,:rf~~ ~ `i~ ~ ST.= '~.~4 ~ ~t~~0 T ~ '''A`~~ ~ -ti„ _ . ~ . - Z~ . ~ ~ - ~ ~ t~ ; ~j~j ~ 3 3C ~x 3 BOOK 219 PAGf U~J - , - ~ _ ~ _ ~ _ _ ~