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Home My WebLink About0100 ' File 5-28 ,398 notic~ thtYeof by rmil to the ~tortKagee and tt+e \1~KtKa~= mn~ ~uskr pnr~( u( i~,ys i( thr same is rwt awJr prumptly by the Nort~gor. In event' o( forr~ closure o( this mortgsg2 or otAe~ tran9fer o( tulv W?he mortgaged pruNert> in extiny~wahtnent of the indebteJnes,s ~eivrod he~eby. ~ll t~gRt, tiUe sad intereat ot t6e ~lungagor in and W sny ~n~urance pulic~es tAen i~ torce sluill pavs w the purc!ueer or gr~nLee. 1A1 To petform, compiy with end ~bide by each ~nd erer}• tAe stipulrtlom, agreemenu, conditions ~nd coveoat~ta in said promiesory note ~nd in this deed xtforth. If 1'Il~at d any of ea~d yums ut monep Aemin re(erred to he not prompt h• and fWl~• paid w~thin _ fifteen days ne:t after tAe s~me revetaUy becomes due and pays6le, or it rac~ and e~ ery the.~iq~letions, aKn~rmrnts, cunditwns snd co~enant s ot sa~d prortussory nMe ~nd this deed, or eit F?er, ~re not fully pertormid, complied w ~th end abided bp. the said aggregste sum nx~nt~unad in sa~d prumi~snry note sAetl become due and payaGle torthwitA or tl~ereaher tAe option of the ~tortgagee as /ully a»d complHely ss if the said a~reAate sum ot said pmmissory note w~s onginaUy ~tipulstcd to be paid on auch day, anything in ssid pru?tuseory• note or herein to the contrary noiwuhstanding. 1 ji 71i~t ~n order tu accelerate the maturity of the indebtecin~s hereb~- seavrcd. bcrause o( the tailure of the \tortgegor to pay eny ta~c, as~es.unent, liabili- ty, ob6gation or encumbr~nrn upon said propeKy, es herein procidrd, it .ha:l not be txr~rssar~• ur requisite tha! the mortgegee shdl first p~y the. aame. 2.1'he htortgagee may, at his option, and w~ithout waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or alt of those certain obligetions required by the terms hereof to be paid by the :~lortgagor for the protection of the morigage security or for the collection of the indebted- ness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in atl respects to the terms, conditions, and covenants of the aforesaid promis- sory note, and this mortgage, as fully and to the same extent es though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shalt he repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage qote. 3. That the abstract or abstracts cf title covering the mortgaged property shall at all times, during the Gfe of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaqed property in eztinguishment of the indebtedness secured hereby, all tight, Litle and interest of the Mort- gagor in and to any such abstrects of title shall pass to the purchaser or grantee. 4. To the eatent of the indebtedness of the hiortgagor to the Mortgagee described herein or secured hereby, the 14ortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof 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, out of the proceeds of the loan described herein or secured hereby, and the respective Gens oi said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is preserved aad shall pass to and be held by the Mortgagee herein as security far the indebtedness to the Mortgagee 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 the Mortgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the Aiortgagee by separate deed of assignment, notwithatanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that Lhe same will be setisfied 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 Mottgagee may, without aotice to the Mortgagor, deal with such successor or successors in in- terest with reference to this deed end the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or discharging the Mortgagor's lisbility hereunder or upon the debt hereby secured. No sale of the premises ~ hereby mortgeged and no forbearance on the part of the Mortgagee, and no extension of the time for the payment of the 'i debt hereby secured given by the Mortgagee shall operate to rel~ase, 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 ta secure payment of said indebtedness or indebtedness. however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all such indebtedness shall have been fully paid. 7. In the event the mortgagors sell, conuey or transjer the ~nortgogett premises during the If~e of this mortgage, then this mortgage shall, at the option oj the Mortgagee herein, become im~nediately due and payable (or the full sum of the prineipal balanceand interest there due. ; 8. The terms "Mortgagor" and "Mortgagee" K•henever used in this instrument shall 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 shaU indude all genders. . t ~ r, ' C~, - ~ Signed ealed an 1' in presence of: - ~~G~ ~ ~ ~"L C"~ v7L'~ ~~e~1~ F - l Ssal l ~ ec t. ' `h `~,e~ ,f c..,J _e_ - R STATE OF FLORIDA sg ; COUNTY O ~ ST . LUC~'.~ i Before me personaily appeared MINNIE WILLIAMS, an unmarried woman, ~ to me well lmown and known to me to be the individual described in and who executed the foregoing instrument, and _ acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and _ official sea! in the County and State last aforesad [his 13th Day of October, 1973 ~ l •'7 ' ' r...: a~.ras ~ . . 't ' My Commission Expires: •Juil@ _3O~_1975______ tiotary Public, ' of ~~Florida t` ~ ' ' _ ~ . ~ J ' E~ f~~E~ ~'K ~f.i.~~y 5 1~• : / . , - ~SNj ' G~L -R? ~ ~ , ~ j S~" ~ G~P' ~pJR ,•1•••~ ~ ' . , _ L~~~ .F,~C ! - ~ . : ~ ff.: ,~3 . } pf~~F: ~ , ; q4 = Oct ~3 , r'• r~~~Ej ( ~ ; C R ~l• 8C'~~ ~•~O ~'ACE ~