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Home My WebLink About1946 ~hi. m~.r~KeKr ~w ~~iher tqnslei oi utle to the murira~ed prope~~y m eNUn~u~aRment ol the ~ndebtedness secwed hereA~, rlt r~~ht, ~~Ile ~nJ ~merc:t ~~t ~Ae Mo~~as~w ~n and to aoY ~nsuran~c pul~c~es ~hen m twce shall pass ta ~ht purch~ret w~ran~ee. IR~ 7u prti~~~m, .omply W~~h and ab~de A~ each and every the shpula~~ens, a~rcemen~s, condihuns and covenan~s in said prom~~~uty n,~ce .~nJ ~n ~h~. deed .e~ (~~~th. 1~ 1 Tha~ any oi sa~d sum, ot m..ne) Aerem rctrr~rd ~o be nol promp~lY and (ully Da~d ~~uhro 1~(~een deY~ nort atter ~he .~mc .r.eraliy brcomes due and paya~+le,M d each and every IAe supulauons, a~t~eements, condu~oes ~nd coven~nts of .a~d Drom~s- s~wv note and thu deed, ot enher, are not fully pertormed, comDhcd ~'~~h and a~~ded Ay, ~he sa~d s`t~e~ate sum menuoned in cud ~u,.m~c~w~ nute shall becant dur am! pa~'asle (~xthruh o~ tAtroa(ut at the ophon of ~Ae \1wl~a~re as fully aed comp?e~ely as d thr .aid JK~fl~2311` .um ol sa~d prom~...xy nme ~cas onrmalb' supulated to bt pa~d on such d~Y. anythm~ m s~~d ptomicsorY nou or hercln n~ ~he :~.n~rar~ not~uhstand~nE. 1~ 1 Tlie~ in ~~rder w:c.elerste tAe mawn~y o( ~he ~ndebtedoesc hereby secured, beCause o( tAe ta~lure of ~he ~1at`a~ur ~o DaY ~~Y ,~c.e~.mrnt, I~aA~lu~, .~I~Ratu~n ~w rncumAranct upon s~~d property, as herem prov~ded, ~t shaq eot be necescary or reQwsite that the • eto~~Ra~ee chall (u.~ pay the same. Thr \k~rtgagce may, at his aption, and without waiving his right to accelerate the indebtedness hereby :crureJ a~d to forecl~~se the same, pay either befote or aRer delinquency any or all of those certain obligations eequ~rrd hy the terms hereof to be paid by the ~'brtgagor for the protection of the mc~rtga~e security or foc the col- lect:~~n uf-tht ~ndebtedness hereby securtd. All sums so ad~anced or paid by the Mortgagee shall be charged into thc m~~ngage account anJ become an integral part thereof. subject in ail respects to the terms, condition~, and c~•venant~ of the aforesaid pmmissoty nute, and .this mortgage, as fuliy and to the same extent as though a part uf the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said ~um~ ehall be rcpaid the ~lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments pravided by the mortgage note. That the abstract or abstracts ol' titie covering the mortaaged ptoperty shail at all times. during the life of th~. mortgage, remain in possession of the !~lortgagee a~d in event of the foteclosure of this mortgage or other tran.fer of title to the martgaged ptoperty in extinguishment of the indebtedness secuted hereby. all right, title and interest of the \lortgagor in and to any such abstracts of title shall pass to the puichaser or grantee. ~i. To thc extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the ~tortgagee is hereby subrogated to the lien or liens and to the rights ot the ownecs and holders thereo( of each and ever~~ mortgage. lien or other incumbrance on the land described herein which is paid and'or satisfied, in K•hole or in part, aut o( the proceeds of the loan described herein or secured hereby, and the respective liens of sa~d mortgages, liens or other ~ncumbrances, shali be and the same and each of them hereby is preserved and shall pass to and he held by the ~tortgagee herein as security for the indebtedness to the Mortgagee F~erein described or hereb~• serured, to the same extent that it would have been preserved and would have been passed to and been held b~~ the \t~~rtgagee had it been duly and regularty assi ~n~d. transferred, set over, and delivered unto the Mort- gagee b~~ separate deed of assignme~t, notwithstanding the Yact 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 thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premis~s, or any part thereof. becomes vested in a petson other than the ~lartgagor, the ~tortgagee may, without notice to the Mortgagor, deal with such successor or suc- - cessors io interest Nith reference to this deed and the debt hereby secured, in the same manner as with the Atort- gagor ~~thout ~n any way vitiating or discharging the hlortgagor's liability hereunder or upon the debt hereby sccured. No sale of the premises hereby mortgaged and no forbearance on the part ot the Mortgagee. and no ex- tens~on of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge. mc~dify.'change or a[fect the qriginal liability of the hlortgagor herein either in whole or in part. 6. The lien of this deed secures~~and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whethet by said ptomissoty note or any renewal or extension theteof or substitute there- i for, or i~therw~se, until all such indebtedness shall have been fully paid. i 7. /n lhe eren~ the mortRagors sell, com~ey or ~ransJer the mortgaged premises du?ing the lrje oJ this mo?t- F RuRe. then th~s mortgoRe shall, at the option oJ the tifo~tgagee herein. 6ecom.e immediately due and paya6le Jor the ~ ful! sum oj the principal batance and interest then due. R. The tenns "Mortgagor" and ";Nortgagee" whenever used in this instrument shall include the heirs, ~ perconal representatives, successors and assigns of the respective parties hereto. Wherever used the singular ~umber shall include the plural and the plural the singular. and the use of any gender shall include al! genders. S~gn , sealed a et~ ed n t presence of: (Seal) ~ 1 CL2 ~~2~~ ~ ~J (Seal) . G~c~ O i i. c~-~-d~v • ~ STATE OF FLORIDA I COUNTY OF ~ ~ Ss ~ S~ LUCIE ~ e[ore me personally appearcd OSBY JAI?IES and MARGARET H. JAMES ~ his wife ~ ~ to me well knov?m and known to me to be the individuals described in and who executed the foregoing instrument. E and acknowledged before me that they executed the same for the purposes therein eapressed. WITNESS my hand ! and official seal in the County and State last aforesaid this 29th Day of Deeember, 1973 _ ~"y ' . ~ • ; , ~ ~ • ~ ~ ~1y Commission Expires: JuRe 30, 1975 Notary Public, State'of ~ _ c=~ - • ~1 E ~ k ~ ~ " ~ ~ p t,t?' ;?~~y ` ' ~ ` - ~~E ~ ,t~+~§ ~ ; , _ ~ _ . , + ROG`"F C~= ~1~1~ ' , ' . . ~ ~i~u;~. Ck:t `EG . ~ ~~~°~~,.F ,1a , ;L,. A~ ~ ~ ~ ~ n~ r~P ~ ~ ' . ~ 2~ F~2 B,,OK . A6E~9~ ~e. ~ ~ ~ ~ - ' y , ~ ~