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Home My WebLink About1113 ~ File 5-29,301 notice tAereo( by mail to the I~1ort~gee and the \iortge~ may maice pr~x~t uf I~s it thr aan~ is not made pn,mptly by the Mon~gor. !n e~•en~ o( forc dwure of thie rtwrtgage or other tran~fer of title to the mortgsgrd proprrty ~n e:tin~usM~ent ot tAe indebt,a~t~ se~tvred h~ebY. all right. utk and intere~t ot t!?e Monga~x in and w any ~nsurancv po5nes then in forcr ahs11 pass w the purchaeer or gr~ntee. IA1 To periorm. comply w~itA and ~bide by each ind every the etipulatioru, ~teesnenta, conditioos and ~rovenanla in a~id proaoissory note and in this deed set fortA. lil'Rut it aay o( eaid sums o[ money herein reterred a be not promptly ~nd fully paid ~ithin ____-_~'iftea~ days neat atter tRe same several~y becomes due aed payabk. or i( eacA aod every tAe stipulations, egreeinents. curditans and covenants ot aaid promisw~y note ~ad this deed. or either. are not tully p~(onaed. complied w~ith and abided by, tAe said aggregste sum mentioned ia aaid promie~ory note shal~ beco~ne due ud payable forthwith or tt~eaher at tAe option of tAe Mongagee ~s tully ~nd completdy as it the said aggregate sum oi said pmnussory note was origin~Uy stipulated W b~ paid da sucA day, anything in aaid promis9ory note or herein to the conte~ary notw itAstanding. ~ 1117~at in order w atcelehte tAe maturity of tAe indebtedness hereby secvred. beawe o( the tulure ot the Nortgago~r W paY any tu. aaaessment, liabili- ty, obligation or encvmDrance upon eaid property, as herein pro~•iddd. it sMU not be nec~sssry or requisite that the matg~gee ~hall [irst pay che aacne• 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 deGnquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgege security or for the coUection oi the indebted- ness hereby secured. AU sums so advenced or paid~y the Mortgagee ahaU be charged into the mortgage account and become an integral part thereot, subject in all respects to the terms, conditions, and covenants 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 mortgage, ezcepting however, that said sums shall be repaid the Mortgagee forthwitA 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 pmperty shall at all 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 estinguishment of the indebtedness secured hereby, all 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 submgaEed to the lien or liens and to the rights of the owners and h~ld~s thereof of each and every mortgage, lien or other incumbrance on the land described hereinJ~ ch is paid and/or satisSed, ia 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 incumbrancea, shall be and the same and each of them hereby is preaerved and ahall pass to and be held by the Mortgegee herein as security for 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 Mortgegee had it been duly and regularly assigaed, transferred, set over, and delivered unto the Mortgagee by separate deed of assignn~ent. notwithetanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto thet the same will be satisfied and cancelled of record by the holders thereof et or about the time of the recording of this mortgage. 5. In the event the owners6ip 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 9uccessor 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 I way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises i hereby mortgaged and no forbearance on the part of the Mortgagee, and no eztension 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. j 6. The Gen 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 eatension thereof or substitute therefor, or otherwise, = until all such indebtedness shall have been fully paid. ; 7. In the euent the mortgagors sell, convey or tmnsjer t6e mortgaged premises during the lije of this mortgnge. ; then this mortgage shall, at the option of the Mortgagee herein, become immediately due and payable for the full suin o~ ~ the prineipa! balance nnd interest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, per- ~ sonal representatives, successors and assigns of the respective parties hsreto. Wherever used the sing~ilar number shall ~ include the plwal and the plursl the singular, and the use of any gender shall include ell genders. ~ ~ Signe aled and delivered in t e presence of: v~~ ~ .c,ct.c~ 'ti~"-a-LGC OC-~'Zs~ : ~ ~ ISeall~ ~ ~ ; ~ - ~ STATE OF FLORIDA Ss ~ COUNTY OF _ sT ~.uC $e ore me personauy~ aPpeared ARNOLD BOVAT atZd ROSE BOVAT ~ his wife ~ ~ to me well {mown end 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 seal in the County and State lest aforesad this 16th Day of February~ 197~+ s ~~ti~•' . _-ti . ' i Mt• • - _ . , ' ~ My Commission Expires: June 30~_1975 Notary Public. State of Florida St I- , - . ` ' = _ ; FE~~ rt ~E~ ~ ~ ~ G -'~'f:, ' li4Lc,_'•'' c.~~~'jY ~ Si ;an6 . , t,~:.; .,,s,? yQ~~Ett - btE~?. • .~+~'r " ' : fl~c~ • , • 3 Q~, = ft° 2~ : 224 PA~~E11~.2 = z ; ss~ ~ ~ - ~ _ ~ - . ~ _ : . ~ ~ ~ _ . . - 1 ~