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Home My WebLink About2245 Our file 5-29,527 ~A~. mur~RaKr ~w otAer transie~ of hlle Io the mortrs~ed prope~ly ~e eiUn~u?ahmcnt ol lAt ~ndeb~edness secu~ed 1+e~e~>. all n~ht, h~le and imere.~ .~f the Mo~~~a{w m and to anY ~nsurance pohcies ~Atn ~n face sA~ll pass ~o ~he pwcA~str o~ ~ran~ee. IA? To peri~vm, c.r++ply Wuh and ab~de Ay tacA and e~ety the at~pulat~oes, a~reements, eondwons snd coven~n~s ~n sa~d pramc~ory note and ~n ~h~. deed ce~ (orth. 1~ 1 Tha~ any u( sa~d sum. ul money here~n re(etrcd to Oe not promp~lY and fu11Y pa~d ~'~th~n (~ttcen Jeys eeat a1te~ Me s~me .rverally becomes due am1 paYahle. ~r ~f eacA aod every the s~ipulaua?s, a~~eeaents, c~nd~Ui+ns and eovenantc o( ss~d pran~s. s~xy note and ~hu deed, or enAer, sre eot (ully pertamed, caapGed +~ti+ aad ~bided sy, the »~d ~SjIl~ilt SW11 Ttf111MtA ?n sud ~„m„sa> nute shall becoene due and par•able (~xtAr~th a thereafter •t ~Ae u{+tion ot tAe ~Iwl~s{ee as fully and campletely as d tl+e .a~d rKSrt~a~e .um ot said promi.~ix) note ~ras or~r~~s11Y supulated to se pa~d on such d~Y. anytA~n~ m sa~d proemssaty nott or Aere~n a, uu :ontrs~) not•~uhstsnd~a~. 1~ 1 Th~~ ~n ~.rder to ucelcrate tAe mawn~y o( ihe mdebtedness hereby secured, beuuse o( the f~ilure of tlfe Nor~~~~o~ ~o paY anY t+*. es,e.smem, I~ab~luy, obGRat~.~n ~x enrumb~ance upw~ sa~d prope~tY. as Aere~n p~ov~ded. ~t sAal) not be eecescarY a reQwsi~e that ~he m.,rtRaEee shall (usl pay tAe same. ~ The \lortgagee may, at his opuon. and without waivins his right to accelerate the indebted~ess hereby ~ .erured and to foreclose ~he same, pay either be[ore ot after delinquency any or all of those certain obligations ~ required by thr terms hereof ta be paid by the \lortgagor for the protection of the mc~rtgage secutity or fot the col- ; Irrti~m ~~f the indebted~ess hereby secured. All sums so advanced or paid by the Nortss~ee sliall be char~ed into the murtgage account and become ~an ~ntegtal part theteof. subject i~ all tespects to the terms, condition~. and cuvenants of the aforesaid pmmissorv note, and this mort6age. as fully and to the same extent as though a part ~~f the original indebtedness evidenced by said note and secured by this mortgaa~, excepting however. that said ~ ~um~ ~hall be repaid the \lortgaget forthwith upon its demaad and be in addition to the resular monthly install- ; ments pmvided by the mortgage note. ~ J. That the abstract ar absuacts of title covering the mortgaged pcoperty shall at all times, during the life ! ~~f thi. mortgage, remain in possession of the Mort~agee and in event of the foreclosute of this mortgage ot othe~ tran~fer of title to the mottgaged ptoperty in extinsuishment of the indebtedness secuted hereby. all right. title and mterest of the ~lortgagor in and to any such abstracts of title shall pass to the pu~chaser or grantee. ; ~3. To thc extent of the indebtedness of the Mottgagor to the Mottgagee described herein or secured hereby, j the ~lortgagee is hereb~• 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 oc in part. out of the praceeds ot the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other ~ncumbranccs, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~tortgagee herein as security for the indebtedness to the Mortgagee herein described ~ or hereb~• secured, to the same extent that it would have been preserved and would have been passed to and been ~ held by the \1~rtgagee had it been duly and regularly assigned, transferred. set over, and deliveted unto the Mort- gagee b~ separate deed of assignment, notwithstanding the tact that the same may be satis[ied and cancelled of ~ rerord, it being the intention of th~ parties hereto that the same will be satisfied and cancelled of record by the holders thereoC at or about the time of the recordin6 of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person i other than the \tortgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- - cessors in interest ~ith reference to this deed and the debt hereby secured, in the same manner as with-tfie !11ort- gagor vr~thout in am• way vitiating ot discharging the Mortgagot's liability hereunder or upon the debt heteby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time Wr the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, modify, change or affect the original liability of the Nortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- " ness, however evidcnced, whether by said promissory note or any renewal or extension thereof or substitute there- I for, or otherwise, until all such indebtedness shall have bee~ fully paid. I 7_ In the e~•en~ the rnor~gagors sell, convey or trans(er the mortgaged p~emises duiing fhe lije oJ this nio?t- ! RaRe. then rhis mortgage shall, a~ the option oJ the Alorlgagee herein, 6ecome immediutely dae and payable Jor the ~ fuil surn oJ ~he p.+ncipal 6alance and interest then due. 8. The tertns "!Nortgagor" and "Mortgagee" whenever used in this instcument shall include the heirs, personal representatives, successors and assigns o[ the respective parties hereto. Wherever used the singular number shall include the plural an the plural the singular. and the use of any gender shall include all genders. gned, se a ive d the presence of: ~'Y~ (Seaq ~J (1Zp~~.._. (Seal) ~ ) cJ ~ ~ ~ . _ ~ STATE OF FLORID COUNTY O j ss ; ~ BT o me peErsonally appeared NAROLD ELMS a11d DOREEN EIMS ~ h3.s wife ~ to me we11 knov?m and known to me to be the individuals 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 last aforesaid this ZZSt DSy of Mareh, 1974 ~ ~ ~ ~ , . . '4~, ~ Tune 30 1975 Notar Public. State of Florid3 ~ 2 ~1y Comm~ssion Expires: Y ~ 6 . • .7 ' i ~ I~ ' - , _ ~ fItEO "~~UNDED ~ f' ST. WC~4 :.,,UNTeY PlA• ~7r; ~ :Ji~rLC ~ . . - CLc~~ ~ :U~' CGJRT . ~rr~ r - ; ';F" ~ I~R ~ 9 i9 ~N'~~I ~A eoo~225 ~?.~Z39 - 2'78645 _ . , . -a ~ ~h .i . ' ~ e ~~"'W.~._ ~~.AT:. _ - _ ~ @ ~ _ _ ~~-'5~~~~~Y~~'~^~-m~~~ ~yM1~~ ~ I