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Home My WebLink About0944 File 5-29,079 rotice thereo( Ay mail to the !~tortg~gce snd the \fortgagur may m~ke pruof o( loss it the Yame is rot made promptly by t he ~tortg~gor. In e~•en~ o( (ore doeure ot this mortgage or othec tr~nster oi titlo to the aart~aged propert>• in eztinguishmsnt of the irdnbtednsa xcvred hereby, all right, title snd intere~t of tAe Mortg~gor in ~nd to any insurance policus then in torce skrll pua to tAe purchaxr or grantee_ • Ih1 To pertorm, comply rritA and ~bide by each and e~ery the stipul~tions. agreements, conditims and rnr~enanu in said promiasory note and in chi~ dsed set torth. lil'lliat if aay of aaid ~ums oi money herein referred to be not promptlp and tully paid within_ ___fittcen days neit after the aame severally becanes due ~nd p~yable. or i( eacl~ and e~~ery the stipulatio~v, a~eemencs. conditiom and co~~e~nt~ of said promisaory note and tfiis deed. or either. ue not [dly patormed, complied writh ~cd ~bided by, the aaid ~g~eg~te sum mentioned in said promiseory note sAap become due and payable torthwrith or thentiher at the optbn o( t!?e Mortgagee ~s tully ~nd canptddy ae it the aaid aggregete sum of aaid promiswry note waa origin~Uy etipulated to be paid 0o aucA day, anything id eaid promiuory ~oce or herein to t~E contrary naw~thstan~ng. 1 j 171ut ~n order to ~cceknte the inaturity ot the iniebtedness haeby ae~vred. because of t~e ta~lure ot the `tortgagor w pay any tu, asaeaunent, liabi6- ty, obligation or encur.~brance upon ssid property. as herein pro~~ded, it ~ha0 not be necrssary or requuite th~t the mortgagee shall fint pay the sune- 2. The Mortgagee mey, at his option, a~d without waiving his right to accelerete the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or alt of those certain obligations 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 ativanced or paid by the Mortgagee shall be charged into the mortgage account and become an integ~al part thereof. subject in all respeccs to the terms. conditions, and covenants of the aforesaid promis- sory note, end this mortgege, as fully 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 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 shelt at aU timea, during the life 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 mortgaged property in eatinguishment of the indebtedness secured hereby, aU right. title and interest of the Mort- gagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the eztent of the indebtedness of the Mortgagor 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 holders thereof of each and every mortgage, lien or other incumbrance on the land described here~n which is paid and/or satisfied, in whole or in part, out of the proceeds 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 preserved and shall pass to and be held by the Mortgagee 6erein as security for the indebtedness to the Mortgagee herein described or hereby secured, Lo 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, transferred, set over. and delivered unto the Mortgagee by separate deed of assignment, notwithetanding the fact that the eame may be satisfied and cancelled of record, it being the intention of the partiee 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 premises, or any part thereof, becomes vested in a persoa other i than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor or successors in in- ; terest with refetence to this deed end the debt hereby secured, in the same manner as with the Mortgagor without in any f way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises - € bereby mortgaged and no forbearance oa the part of the Mortgagee, and no eztension of the time for the payment of the ; debt hereby secared giv~ by the Mortgagee ahall operate to release, discharge. modify, change or affect the original lia• € bility of the Mortgagor herein either in whole or in part. i 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or eztension thereof or substitute therefor, or otherwise, until all such indebtedness shal! have been fully paid. ~ In the euent the mortgagors seU, convey or trnnsfer the mortgaged premises during the li/e o( ihis mortgage, s then this mortgage shaU, at the opiion of the Mortgagee he~+ein, become immedintely due and payable for the fuU swn of ~ the principal balance and interest then due. ~ 8. The terms "Mortgagor" and "Aiortgagee" whenever 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 singuler, and the use of any gender shall include all genders. ~ ~ ~ , ~ Si . seale~ a eli i e p ce of : w~ ~ , 1 Sea1 I ~ ~jt-' f ~~Q-~ ~G' ytG~.tf'=-c ISeall ~ ~`,i'fft~ i ~ r~ d {G!. < S{ ~ ' ~ STATE OF FLORIDA S9 :a COUNTY OFB~fX ; STBefore me personeuy app~~ed ARTHUR S INGLETON and DELLA MAE S INGLETON, h is wi f e, ' to r*me well Irnown and known to me to be the individual described in and who eaecuted the foregoing instrument, and - aclcnowledged before me that they executed the same for the purposes therein eapressed. WITNESS my hand and official seal in the County and State last aforesad this 19th Day of January, 1974 .YY , ' ~r , ~r ,/``~~~r~'. - n~~ _ , :y, ~ . ~ ~ ~ ~ / - - l~ty Commission Expires: Ju~[1e 301 1975 Notary Pubtic. State of Florida 8 ti - = _ _ r . ~ ~ ~ . .1 i - ' ~ ( ~ e : - ~ ~'.1 ~/~1.'. ; .f~~ J ` \ zv ~~RpfD 2'73511 ~ v ~ ~ ~ ~ . f1tE~ ~E~, ~~~1Y fl~- . ST.IUC ~ p,~~S(~A5 T ~G~F ~T ~~UR ~~~!'j~;~,,. .t- _ - ~~~K vE`~G ~ ~ ~ af ~F` ~LL _ _f~ = 1~+ ~9 4~1 eooN 223 o~c~ 944