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Home My WebLink About2098 - • File 5-29,357 ~ticu t1?ereo( by mail to the \tortgagee and the \tortgagee may make prcwt ot lus~ i( the ~~ne i~ mt madr promptly by tAe ~tortgagw. !n svsnl: o( (ore cloeura of tAi~ muttgy~e or uther transfer ot titld to thr murtg~~c+d property ~n erunguishment ot the ~rxlebtedne~s eecvred bsreby. ~11 ri~ht. t~tk and interuet of tAs llliutgagor in and to sny ~nyurance poLc~ then in (orcr yhall pas9 to the purctuaer or gr~ntea Ihl To pertorm, comply writh ~nd ~bids by eacA and ~~rory the ~upul~tioro. ~~res~-nsnts, condiuo~~ and rnvrnant~ in said promi~wry nou ~nd i~ tN~ deed sst fortA. lil'llut it aay ot naid wms of money Aerein re(erred to be not promptly end (ully paid vrithi2---.---_-Si(teen days nest ~hu the s~me sever~lly pecome~ due and p~yabb. or i( ~acA and e~ efy the supu4tions. agreements. cordita~.+ and m~rnante ot xid pranissory rate and this deed. or eitAer. are not fuUy pertonned, complied rruA snd abided by, tAe said y~gregate sum r~enuuned in said proaus9ory note shali become due and payabk torth~vith or the~her at the optioa o( tAe Mortgager as (uUy and completely as i[ the said a~reg~ta sum ot said prumissory note rr~a origiKUy stiputated to be paid on such day. anything ia said pronussory note or herein to the contran• notw ~lhstand~ng. 1 j1 "I~at in order w ac~-ele~~te the cnat~uity ot the inJebcedness hrreby ccrvrrd, birause ot thr teilurn ot the \lortgagor W pay any tu, as~ment, luM~- ty, obh~uun or rncumbrance upun said pruperty, as hcvc~in pro~ ~d~d. it shail cat be nror.sar>• or requisite that the mortgagee sh~ll tirst pay t1~e aune. 2. The Mortgagee may. at his option, and wiihout waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after deli~quency any or all ~f those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collectio~ ot 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. end covenants of the aforesaid promis- sory note, and this mortgege, as fuUy and to the same extent as though e part of the originel 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 mortgeged property shall st all times, during the Gfe of this mortgsge, remein in possession of the Mortgegee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in e:tinguishment of the indebtedness secured hereby. ell right, title and interest of the Mort- gagor in and to any such abstracts of title shall pass to the pwehaser or grantee. 4. To the eatent of the indebtedness of the ~fortgagor 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 mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in 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 incumbrances, shall be and the same and each of them hereby is preserved and shaU pass to and be held by the Mortgagee 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 Mortgagee had it been duly aad regularly assigaed, transfened, set over. and delivered unto the Mortgagee by separate deed of assignment, notwithatdnding 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 the recording of this mortgage. ~ 5. In the event the oamership 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 auocessor 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 liabiGty hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearence on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortgagee shaU 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 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 mongngors seU, conuey or transjer t/~e mortgaged premises during the li(e o/ this mortgage, ! then this mortgage shnl~, at the option oJ the Mortgagee herein, becor?ae imrnediately due and payable fos the ~uU sum of ; the principal 6alance ond interest then due. ~ 8. The terms "Mortgagor" and "Atortgagee" whenever used in this instrument shell include the heits, 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. a ~ n~ ~ Si d, sealed a eliv red i the resence of: ~ _ ~ S ~V ~ ISeall J/ ~ ~ ~ n ~ ' /l l .-,i~ `~"t ~ _ - - ~ , ~ STATE OF FLORIDA ss ~ COUNTY OF g~~ ~ ST . LUC;IE " ~ Before me personally appeared ROBERT LEE MAYS and DOROTHY ~1AYS ~ his wife ~ = to me well lmown 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 expressed. WITNESS my hend and ~ official seal in the County and State last aforesa'd this 23rd Day of February, 1974 , , ` , ~ . ~ - = My Commission Expires: __-~un~_~~~ 7`~_- hTotary Public. State of s - r ~c~EO 1, f~ • _ t ,y_~,~`NjY fl.~• , t:~ f 1L~ ~ - > > . • ' St ~ ~~5~` , ?~,yRS ~ , • f • . . • . ~LE • - _ - ~ , • n.ti ~F ~ 4g p~'1a Y; MpR ~ 2; ~39~~ = :-:z 224 F~~~E2Q97 ~ ~3~ i' 6 _ °,r ~ ti,s-i. ~.,a~ ~ ~.n^.5i~~i.'.~~' L'.~~ ~ ~~:~~'A~ ' ~T" q! _i1""~4 ~ ~•-SW"~~Y~~ ~`a^~ r$ 't,r~r~Y'S:,`~ . ~ . . :i'`~~."'4..t_,~_...~`~:.__~ v~~-r~_~ . 3