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Home My WebLink About1675 File 5-29,330 rotios thereof by tn~il to lhe \tor[~ger srui the Nwtgager ma~~ mulce pnwt ot b.c, il tAr vame is rwt nwdr promptly by the Nottgagat In e~ enL' of twr cloaure ot this mortg~gr o~ utAer trensfer ot titln w the awrtgegal proprrt~ ~n e:tinguishment ot lhe indrbtdtlneee ~e~vred hete~y. ~11 right, utk and ieterest o( tAe Murtgy~or in and w any ~nsurance {x,licies iAen in ta~~~ shall phcy to the purctuxr or grantee. Ihl To perform, tomply with and ~bide by each and eve~• the supulet~ons. sgTee~nenta, condition~ and mvemnte in eaid promi3sory note ~nd in thia deed aet tortl~. Ii1'ltut it any ot aaid sums ot money herein refer~ed to be not promptly end (ull~• paid with;n__ __~_fitteen daya nest afler the ume sevaalty becomee due and p~y~bb, oc ite~ch ~ndevay the Mipulat?ons. agreemen[s. condition~ and oovenanta o( s~id promi~eory noteand lhi~ deed. or either. ue not fully perlorn~ed. complied witA ~nd abided by, the :uid ~g~egate sum mentioaed in aaid pramissory note shall bemtne due and pay~Ek tortAwitA ot t!?ere~her ~t the optan ot the A1o?tgagrr rs fuUy snd completdy ss it t he ~aid a~reg~te sum of aaid promiswry pote was originally etipulated w be paid ~ oa such day, anything in said promissory note or Aerein to tAecontnry• notRithstending. 1 j 171ut in order to acceletste thr wturity of the ~ndebtedness herrby se~vrrd, bec~arr ut the (~ilwr uf the 1lortg~~w to pay sny tu, asx+sune~t, lubi6- ty. obligatiun or eneumbr~nce upon said pwpetty. a~ Aerein pro~ idcd. it rAall not be neaessarr• or requisite th~t the mortgagee shall first pay tAe ~an?e. 2. The Mortgagee may, at his option, and without waiving his right to accelerete the indebtedness hereby secured and to foreclose the same, pay either before or after deGnquency any or all of those certain obligations requued 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 advanced or paid by the Mortgagee shall 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 mortgege, es fully and to the same extent as though e 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 shatt 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 mortgaged property in ~tinguishment of the indebtedness se¢ured hereby. all right, title end intereat of the Mort- gagor in and to any such abstracts of title shall pass to the purcheser or grantee. 4. To Lhe extent 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 h~lders thereof of each and every morigage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in parc, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages. liens or other incumbrences, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein ae security for the indebtednesa to the Mortgagee herein deacribed or hereby secured, to the same eztent 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 delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and canceUed of record by the holders thereof at or about the time of Lhe recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vestecl in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deel wiLh such svccessor or successors in in- terest with reference tcr 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 liability hereunder or upon the debt hereby secured. No sale of the premises bereby mortgaged and no forbearance on Lhe part of the Mortgagee, and no extension of the time for the payment of the debt hereb~ secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original lia- bility of Lhe Mortgagor herein either in whole or in part. 6. The iien of this deed secures and shall continue to secure payment of said indebtedness or iixlebtedness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all such indebtedness shall have been fully paid. 7_ In the euent the mortgagors sell, conUe_v or trans/er the rnortgaged premises during the life of this mortgage, then t/~is mortgage sha!!, at the optiorc o/ the Mortga~,?ee herei?r, become irremediately due and payable for the juU sum o~ the priRCipal balance end interest then dLe. 8. The terms "Mortgagor" and "titortgageP" whenever used in this instrument shall include the heirs, per- . sonel 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 atl genders. " ~ Si d, sealed a eli ed ' the resence of: Z~7' ~ ge~~ ~ . J~~= - .•~'s~-c. i~~/~~ul ~,~tL~iSeal) , ~ Ci~~2'~f f~c ~77. _ t ~ ~ : c.~ i ~ STATE OF FLORIDA ss COUNTY OF J~,l~ . LUCIE ddSe~ore me personally appeared DON MIRANDA atld MARY ANN MIRANDA~ his wife, ~ to me well imown and known to me to be the individual described in and who executed the foregoing instrumeat, 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 aforesad this 23rd Day of February, 1974 ~r~:, , , . . : • June 30 I975 My Commission F.xpires: ~ Notary Public, State of ~ or~c~~ .~d _ E,,- - , ;y fLA v _'r . _ ; f `EL _,~,N ' ~ ; ~ ` ' sT. t~'' - T 2A' t • ~ • ' F. : ~ ~ ~ LR •r t " , , ' . . . ' • ' ~ r- ~;••.....!•~j'~ , t_ • ec•+ ' , .'r~' . ~ oa ~ ~ z~~~.os ~ 224 r,,~E~674 ~~F - ~ - - ~ ~~..4; ~ s.__ _ . , , xr~