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Home My WebLink About2589 ~ ~ File 5-29 585 th~a mw~ra~e w uthe~ u~nstet uf hUe ~u ~he mw~~a~cd pupcrlY ~n tiunsu~ahment u1 the ~ndeblcdness ~tcurrd ht~tb~•, rll ~~~ht, tult ~n,f ~n~errs~ ut ~he A1o~~p~~~ ~e +~d ~o any ~nxurance puGc~es tAen ~n (orce sh~ll pass to tAe purchaser a pantee. ~ lh) Tu perlam, cuumply ritA aod ab~de by each and every the shpulat~ons. a~reemeois. cond~tions and covenams ~n sa~d p~om~.saty nute and in th~s Jerd se~ (ath. • (i 1 7'h~t d any of sa~d suma ul ~ry he~em ~e(erred to be nol ptoaptlY ~nd (ully pa~d r•~thm (~(~ren days ne~~ a(~e~ the same sererallY ~~~es due and paYable.ut i( eacA aad eve~y the atipul~uons, ~~eeements, cun.i~tions ~nd covenanu u( sa~d prWn~~- - swy oote am1 this deed, a euher, are not tuliy pe~(aa~ed. compl~ad ~r~~A a~d a~~ded by, the sa~d aurepte sum menuoncd ~n s~~d prom~ss~xY note ahall becase Jue and payaDle (orihvitA or ~he~ta(ter at the oplion ot the Mat~a~ee as fully and compie~ely as if tht sa~d a~~rt~~tt aum ot said panis~urY note w~s or~~~na11Y cupulated :o be paid on such day. anyiA~n~ m s~id promissory note o~ here~n tu ~he contrary notW~thsurwtint• 1 That ~n order to acctle~ate tAe ma~unty of the indebtedness hereby secwed, becauae o1 the (a~lure of the Mortja~w to paY ~~Y ~s.rctmen~, I~ab~lity, obl~satioe or encumbrance upan ~aiA p~operty, as he~e~n ptovide~. ~I shall ~ot be neces~ary ~x ~equ~s~u ~hat the mor~~a~et shall tust pay the same. The ~lortgagee may. at his option. and withoul waiving his right to accelerete the indebtedness hereby secured and tu foreclose 1he same, pay either before or a[ter delinquency any or all oE those cettain obligations required by the terms hereof to be paid by the Mottgagor for the protection of the moctgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortsagee shalt be cfiarged into - the morigege account anJ become an integ~al part thereof. subject in all respects to the terms. conditions, and covenants uf the afaresaid promissory note, and this mortgage. as fully and to the same extent as though a pact of the origi~al irniebtedness evidenced by said note and secured by this mortgage. excepting however, that said sums shall be repaid the WMrtgagee [orthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract ar absuacts o[ title covering the mortgaged property shall at all times. durins the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgase or other transfer of title to the moitgaged property in extinguishment of the indebtedness secured hereby. all right. title and interest oi the Mortgagor in and to any such abstracts oC title shall pass to the purchaser or grantee. ~3. To the extent of the indebtedness ot the Mortgagor to the Mortgagee described herein or secared hereby, the \tortgagee is hereby subrogated to the lien or liens and to the tights o[ the owners and holders theceoi of each and every mortgage, lien or other incumbrance on the land desctibed herein which is paid and/or satis~ed, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said murtgages, 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 Mortgegee herein as security for the indebtedness to th~ Mortgagee herein described on c~reby secured, to the same extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned. transfened, set over, and delivered unto the Mort• gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intentian of the parties hereto that the same will be satisfied and cancelled of record by the holders thereuf at or about the time of,the recordin6 of this mottgage. 5. ln the ~vent the ownership. of the mortgaged premises, or any patt theroof, becomes vested in a person uther than the !1lortgagor, the \lortgagee may, without notice to the Moctgagor, deal with such successor or suc- cessors in interest w~ith raference to this deed and the debt'hereby secured, in the same manner as with the hlort- gagor N•ithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale uf the premises hereby mortgaged and no forbearance on the p~rt ot the Mortgagee, and n~ ex- tensi~~n o[ the time fot the payment of ~he debt hereby secured given by the Moctgagee shall operate to release, discharge. modify, change or affect the original liability 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 indebted- ness, however evidenced, whethet by said ptomissoty note or any renewal or e?ctension thereof or substitute thete- ~ for, or othetwise, until all such indebtedness shall have been fully paid. ~ 7. /n rhe event the morlgago?s sell, convey or t?ansJer the mortgaged premises during the lije oJ this mo?t- i RaRe, then this ~nortgage shall, at ~he option oj the A1orlgagee herein, 6erome immediately due and payable jor the Jutl sune oJ the p?incipal balance and interest then due. 8. The terms "Mortgagor" and "Moctgagee" whenever used in this instrument shall include the heirs, personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the siagular number shall include the plural and the plucal the singular, and the use of any gendet shall include all genders. i igned, s d de ver in the presence of• (Seal) ~ ~ ~ ` _(Seal) , . `f' ~lrtl. J'-t r ist t~ ~'.~a STATE OF FLORIDA COUNTY OF~X~K ss ST Be oiro m~e personalty appeared JOHN F. ARMSTRONG and CATHERINE C. ARMSTRONG~his wife to me well know~n and known to me to be the individuals described in and who executed the foregoing instrument, ~t 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 afotesaid this 30th Day of Mareh, 1974 ~ ' . ~ y ~ June 30 1975 Florida .~j ~+ly Commission Eapires: ~ Notaty Public, State of ~ AMO PECpR~E~ ~ ~''~':~-:~'s ~I.` ° - lE GO~Mjy fL~ = . y ~ ; ~ - _ ~ cUiiRAS ~ `~,.jf„! ~ ~~iocEF. u~t 2~ t ~ _ CIERtc Ct~: ED 88 J . s~~ j`~< RECORt~ YEr:;f ~ . - ~,s~. . 5~ Z S o Q 7:,,. ~ so~ 225 ~ 2583 ~ , . ~ : - - - - - - - - ~ , ~z . " m , 2 _ _ _ _