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Home My WebLink About2043 Our file 5-29,186 ratice thereot by mail to the M~rtgagee end the \lorlgsgee may muke prooi of k~.~s it tAr ume is not made promptly by the Morlgagw. In e~~en~ ot fort closure of thi~ martgage or o~her trsnster of tittu w lhe mortg~~d properta• in e:tinguutunent of lAe indebtedness senued bereby, all right, tiUe ~nd intersst ol the Mortgagor in and to any irtsur~nce poGc~q thea in torce ehall paaa to the purchaser or gr~ntee. IA1 To per[orm, compiy witA and ~bide Dy each ~nd every the stipulation~. agreements, conditions and co~Ynrnta in aaid proaus+ory note ~nd in this deed xtfortA. (i171~at if ~ay ot said sums of monrv herein reterred to be not promptly and [ully paid w~ithin_ ___-__._fittcen days nest aher the xme ~evver~Uy becomea due and p~y~bk. or i( each a~d erery the stiputatio~, ~gree~~enis. condition+ and coarnants of said promis~ory note and this deed. or either. ~re not fulty pertorn~ed, cumplied ~ritA and abided by, the aaid ~ggregete sum mentioaed in said promissory rwte shal! becm~e due and payabk torthwit!? or thereaRer at the optwn ot the Nortgagee u fully and completely sa it t he aaid aggregate aum ot said prumis~ory note rvas originaUy riipuLted to be paid oa auch day, anything in aaid pronuseory note or herein to tAecontrary na~ritAstanding. f j17~et in order to accekrate thr msturity of the indebtedn~s Aereby seavred, bea~ue ot lhe [ailure of the \tortgsgor to pay any tu, assessmeat, lisDili- ty, obligstion or erxvmbrance upon said ptoperty, ss hrrein pru~ i~1ed, il +hall nat br necrssery or requisite that t he mortg~gee shdl firot p~y lhe seme. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after detinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the prdtection of the mortga,ge security or for the collection of the indebted- ness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged inta the mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, and rnvenants of the aforesaid promis- sory note, and this mortgage, as fully and to the same extent as though a part of the original indebtednesa evidenced by said note and secured by this mortgege, eacepting however, that said sums shali be repaid the Mortgagee forthwith upon its demand and be in addition to the regalar monthly installments pmvided by the mortgage note. 3. That the abstrect or abstracts of title covering the mortgaged pmperty shall et 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 mortgaged property in extinguishment of the indebtedness aecured hereby. atl right, title and interest of the Mort- gagor in and to any such abstracts of title shail pass to the purchaser or grantce. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secwed 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 herein which is paid and/or satisfied, in whole or in part, out of the pmceeds 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 psss to end be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby aecured, to the same eztent that it ~ would have been preserved and would have been passed to and been held by the Mortgagee had it 6een duly and regularly assigned, transferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the satne may be satisfied and cancelled of record. it being the incention of the parties hereta Lhat the same will be satisfied and canceIled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the evenL the ownership of the mortgaged premises, or any part tAereof, becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor or succesaors in in- terest with reference to this deed and the debt hereby secured. in the same manner as with the Mortgagor without in any i way vitiating or discharging the Mortgagor's tiability hereunder or upon the debt hereby secured. No sale of the premises € hereby mortgaged and no forbearance on the pert 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, 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 end shall continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by seid promissory note or any renewal or eatension thereof or substitute therefor, or otherwise. until all such indebtedness shall have been fully psid. `r 7. In the euent the mortgagors sell, conuey or tmnsfer the mortgaged premises during the life of ihis mortgage, ; then this mortgage shull, at the option oJ the Mortgagee l~erein, become immediately due and paya6le (or the full sum of the principal balance nnd interest then due. ; 8. The terms "btortgagor" end "Mortgagee" whenever vsed in this instrument shall incbde Lhe heirs, per- ~ sona! 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 shall include all genders. ~ ~ f Si , se~led a 1"v in t rese e of : ~ 1 Seal ? s ~ 1 Seal l ~ ~ ' fll~ _ , I i . - ~ STATE OF FLORIDA ss COUNTY OF L~~ ~ ST . T~UCIE = Be ore me personally appeared ADOLF G. ROTH and CAROLYN L. ROTH~ his wife ~ ~ to me well known 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 eYpressed. WITNESS my hand and _ official sesl in the County and State (ast aforesad this 26th Day of January, 1974 : ~ : ; ;t~::~~~,~,r: } ' , 'rr,'~. ' .~o -a MyCommissionExpires: ____Jul?e_.~Q~IQ7~__ _ NotaryPublic,Stateof Flori a ?it oEO . ~ ` f ` d f : ~ _ . % ;E~~K - _ 1: / ; ~ ~ fiL~4 A~';, .,,~NS'( F1.1?~ ` _ ~.,C - gZ.tuC~~- "_;,-F.lS i~ .',y , , 6:~•-~ C~~~~ . Ct~c. - P~r, ~ 35~N~~`~ . _ ~ 3 `1 a ~E~ : 2 ; .~3~~3 ~ 223 PAGE20~3 i t._