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Home My WebLink About1687 File 5-29,348 ratice tbereu( by cn~il to the Sion~~ ~nd t!?e Nurtgagrr may mnke prcwt ut tus~ it tAr wmr es rot ma3e prumptly by the Mortg~gor. In e~•en~ ot tor~ dosure ot thi+ mortgy~e or othrr transter o( titln tu thr murtga~ud proprrt} ~o e:t~nguishment ot the ~ndabteclness xtivred her~by. all right, titk and ~nterest o(!he Nwtg~or i~ and to any ~naurance puGc~es lhen in force shall pass to ~Ae pwchaser or gt~ntde. IA1 To pertorm, comply ~rith and abide by e~cA aod every the stipul~tions, ~grrements, condition~ and covenants in ~id promiaaoty note and ia tlus deed eet torth. 1 il 'Ih~t it any ot s~id sums ot moncy herein relerred to be not prompt ly and fully paid w i~hin titteen days nea[t after lhe same srveraUy becomea due aad pay~bk, a it each ~nd every the ~tipulations, agree~nents, ronditions ~nd rnvenants ot s~id promis~y note aad this dead, or eithtt, ue ' rat tully patormed. complied with end abided by. the said aggregate sum mentioned in ssid promiasory oote sAall becon?e due and pay~ble (orthwrith or tltere~her ~t the optaa ot the Mortgagee fully and ~ompletdy a~ it tAe said a~regate aum of aaid promiseory aoce was origiKUy etipulated to be paid 0o sucA day, anything in s~id prumiy~ory note or herein to thecontrary• notwithstanding. - ~ j 171ut in order co accelente the matunty ot the indebtedness hereby se~vred, because oi the tailure of the 4lortgagor W pay ady tu, a~ment, l'ubili- ty, obligation or encumbrance upon said property, ~s Aetein proa•ided, it rhall rent be riecrssar~• or reyuisite that the mortgigee shall ('vat pay the ~n?e. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedneas hereby secured and to foreclose the same, pa_y either before or after delinquency any or all of those ce~tain obligations requireci by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collectioe of the indebted- ness hereby secured. AO sums so advanced or•paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in aq respects to the terms, conditions, and coveaants of the afotesaid promis- sory note, and this mortgage, as fully and to the same e:tent as thongh a part of the original indebtednesa evidenced by said note and secured by this mortgage, e:cepting 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. Thst the abstract or abstracts of title covering the mortgaged property shall at all times, during the life of t~?is mortgage, remain in possession of the Mortgagee and in event of the forectosure of Lhis mortgage or other transfer of title to the mortgaged property in eztinguishment of the indebtedness secured hereby, all right, title and intereat of the Mort- gagor in and to any such abatracts 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 Gens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described hereen which is peid and/or satisfied, in wh~sle or in pert, 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 herein es security for the indebtedness to the Mortgagee herein described or hereby secured. to the same ezteat that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularty assigned, transfened, set over, and delivered unto the Mortgagce by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cencelled of record, it being the intention of the partiea hereto that the same will be satisfied and cancelled of reoord by the holders thereof et 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 person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such suocessor or succe~ors in in- ierest with reference to this deed and the debt hereby secured, in the seme manner as with the Mortgegor without in any wsy vitiating or discharging the Mortgagor's liability 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 eatension 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. 6.1'he Gen of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by seid promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all such indebtedness shall have been fully paid. T. ln the euent the mortgagors sell, conuey or trnnsjer the mortgaged premises during the !i(e oj this morigage, then this mortgage shull, at the option o(the Mortgagee herein, becoine immediately due and paya6le jor t/~e juU sum of the principal balarice and interest then due. • S. The terms "blortgagor" and "Mortgagee" 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 singular, and the use of any gender shall include all genders. Si d al li er h p esenceof: C~~ ' = ~ ~ , / ~.r~ c_ ` 'l~c _ /C < STATE OF FLORIDA s9 COUNTY OF~ ST. ~UCIE efore me personelly appeared GEORGE WILKINSON and LONNIE MAE WILKINSON, his wife, to me well imown and known to me to be the individual described in and who executed the foregoing instrument, and acknowlec~ged before me that they executed the same for the purposes therein ezpressed. WITNESS my hand and official seal in the County and State last aforesa'_d this 21st Day of February, 1974 :~~1t1k~~ - l~i'1 ' , ; . ' ~l~ My Commission Expires: JuLle 30 , 197~_ hotary Public. State of Florida . _ _ ~ , ; ~ - _w, ~ ;y ,~',Ii.iE ot fLORIDA at LARGE c,~QE ~ t:l ~ ' ~t: 0 ~ ~ 1975 !t~,~Sv ~1 ir.:.~ IU~iE 30. F`~,. ~ 7• ~ C- x' -~:n...:, ::~~Kers Insurance Co. f1~Et',.•. „~.N 5 t G: ~ !~:R•:~Y . s ~r bt . • • A p pt . • . ' ~U =,r ~ ~fJ~~~` ` y~l~ ~ ~~~1~>~~~~- Cl~ s : t- ~ ' . ~ ~ , a~,~a . p~ ~y ~031 E::~r 224 PacE~686 M~` ;~~61~5 ~ . ~ ~ ~~t ~ = ~y : ~~~:~.r'f~ , -t.n x_ ~ . _ i ~ ~ , r~."»~`=~'~~