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Home My WebLink About1579 File 5-29,133 notice thereo( by mail w the Nortgeger nnd thr \lort Keger may mnkr pn.ot of Iuss if thr 3a~nr is not ma~ir promptly b~ the Mor:gagor. In evei?~ ol tar clawre ot thi~ mortgage ur other transfer ut utln w ~he awrt~~rd pruprrt~ ~n ~:tinguisAment ot the indeburlc~e~s ~e~vred ~ereby. dl rigAt, tit:e and interest of tl~e ~lottg~gw in and W any ~nsutance ~x.hc~rs then in torcr +hall pass to tAe purcMxr or grantee. IA1 To perturm. comply witfi and aDide by each and e~Yry the supulatiur~s agmement~, conditiona and rnvenanu in ~~id pmmiasory note and ia tlus deed eetforth. 1i111ut if any of stid sum~ ot mooey Aernin re[erred to be not promptly and fully paid within ---~'iheen days ae:t aher the ume severally become+ due and p~y~bk. or if each and every t he stipulations. ~Kreement s. corditioas ~nd covrnants oi said ptomisaory note ud thie deed. or eithet. ~re not fu11y pertormed. complied with and abided by. the said aRgregate sum mentioned in said promiseory note shaU beron?e due and payable tathwritA or tk~ereaher at the option o[ the Mortgagee a~ tulir ~nd completdy a~ if the aaid a~regate sum of said promis+ory aote wu originaUy ~tipulated to be p~id 0o nxA day, anytAing in xid pronu~sory note or herein to the contnry notN ithstanding. _ 1 j171~at in order to accekrate the maturity ot lhe inde~tedneas hereb~• se~vrrd, bcrauae ot t Ae failure ot the ~tortg~gor W pay ~ny tu, assessment, liabi6- ty. oblig~tion or encumbrance upon said propeny. u he~in pro~•ided. it ~hatl not be nec~ssen' w requisite thet the mortgagee shall 6nt p~y the ~atne. . 2. The Mortgagee may, at his option, and withouE waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or efter deGnquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the proT,ection of the mortgage security or for the collection of the indebted- ness hereby secured. AU sums so advanced or paid by the Mortgagee shaU be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, and covenanta of the aforesaid pmmis- sory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgege, e:cepting however, that seid sums shaA be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instaWnents provided by the mortgage 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 possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgeged property in eztinguishment of the indebtedness secured hereby. all right, title and interest of the Mort- gagor in and to any such abstracts of title shall pess Lo the purchaser or grantee. 4. To the eatent of the indebtedness o# the Mortgagor to the Mortgagee described herein or secured hereby. the Mortgegee is hereby subrogated to the lien or Gens and to the rights of the owners and h~lders thereof of each and every mortgage. lien or other incumbrance on the land described herein which is paid and/or setisfied, in whole or in part, out of the pmceeds of the loan described herein or secured hereby, and the respective Gens of said mortgages, liens or other incumbrances, shaU be and the same and each of them hereby is preserved and shall pess to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same e:tent that it would have been preserved end.would heve been passed to and been held by the Mortgagee had it been duly and regularly [ assigned. transferred, set over, and deGvered unto the Mortgegee by separate deed of assignment, notwithstanding the ; fact that the seme mey be satisfied and cancelled of record, i~. being the intention of the parties hereto that the same will ~ be satisfied and cancelled of reoord by the holders thereof at or about the time of the recording of this mortgege. ! 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 succes~or 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 liebility 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 extension of the time for the payment of the ; debt hereby secured given by the Mortgagee shall operate to release, discharge, mod~fy. change or affect the original lia- = bility of the Mortgagor herein either in whole or in part. ~ 6. The lien of this deed ser.ures and shall continue to secure payment of said indebtedness or indebtedness, however 5 evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or othera~se, r until all such indebtedness shall have been fully paid. . ~ 7_ Ire the euent the mortgagors sell, conuey or transfer the mortgaged pre~nises during the life oj this mortgage, , ~ then tl~is mortgage shall, at the option of the Mortgagee herein, become irnmediately due and payable /or the juU sum oj ~ the principal balanee and interest then due. - ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrumeM shall include the heirs, per- ~ sonal representatives, success,ors and assigns of the respective parties hereto. Wherever used the singular number shell ~ include the plural and the plural the singular, and the use of any gen all include all genders. ~ ~ ~ Signe sealed an e er in ~~~''n` ~ ~--E-u'~'L I Seall ~ ~ ~ - 1 Seal l y ~ lwci / ~J~ ~ c- ~m s STATE OF FLORIDA " ~ COUNTY OF IX~C Ss ST~efore me personail~~ appeared RAMONA M. QUINN, an unmarried woman, . to me well lrnown end known to me to be the individual described in and who executed the foregoing instri~ment, and - ecknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesa'd this 24th Day of January, 19~~F a - "''I ~ • i _ My Commission Ezpires:.__~11~~__30 ~ 1975 IVotary Publi of Flor~ da ~t ~tiarQe - .3j ~ : ~ . _ = \ • G ~ ,.~pEO a ; ` : c - EG ry.. ~ JµtY F~~,. ~4Y . , ' ' - F~~ , S " ~ - . _ gj.i.ll'','-: E;~',;~A J~ rV~ p.GL.. i ~ ; , ~'y LLi'•~ t~- . ~~'~t~rr~t:::~: _ . ; ' p{rn'. ' ' " ~ c~ - ' - FE° ~ ~ w 223 1579 = 2,739?~9 ~o~~